Introduction to OneKey App Swap

The OneKey App Swap features an advanced transaction aggregator for efficient cryptocurrency exchanges. It searches multiple blockchains to find the best liquidity and uses sophisticated algorithms to identify the most advantageous trading routes. This ensures minimal slippage and reduced network costs for users, whether the transaction is within a single blockchain or across multiple chains. 

Supported Networks

The OneKey App Swap feature supports cross-chain swaps for assets across more than 20 blockchains. You can view all the supported chains during the swap process.

    • Bitcoin
    • Ethereum
    • EVM Compatible chains
    • Non-EVM chains (Solana, Aptos, etc)

Collaborated Third-Party Providers

To meet your various cross-chain transaction needs, such as the fastest speed or the best quote, we actively collaborate with different third-party providers.

    • Socket Protocol | 1inch | 0x | Thorswap | Swft | Openocean

FAQs

Q: What is Slippage?

A: During token exchange, the executed price may vary due to market fluctuations.
Slippage represents the maximum acceptable price fluctuation for users to ensure immediate transaction execution.
Higher slippage increases the chance of transaction execution, but it may lead to buying assets at a higher price or selling them at a lower price, increasing the risk of additional losses.

Q: Does OneKey App Swap support cross-chain transactions?

Yes, OneKey App Swap supports cross-chain transactions. You can select tokens from different networks to swap across chains. OneKey Swap maximizes exchange rate and minimizes slippage by utilizing the advantages and liquidity of different chains, enabling seamless cryptocurrency exchange between blockchains.

Q: Why did my transaction fail?

Your Swap may fail for several reasons, such as network congestion, low Gas fees, incorrect slippage settings, or insufficient liquidity for the token pair you're trading. We suggest checking the failure message, ensuring you have enough cryptocurrency for fees, and adjusting slippage if needed. If the issue continues, please contact our support team.

Q: Do I still need to pay the network fees after the transaction fails?

When conducting a Swap transaction, network fees (also known as "Miner fees" or "Gas fees") must be paid, even if the transaction fails. Each transaction is processed by network miners and attempts to be written to the blockchain, regardless of successful execution.

The paid network fees cover the computational resource consumption during this process. To avoid unnecessary fees, check the current network congestion status before submitting a transaction, set Gas prices and slippage reasonably, and ensure sufficient balance to pay for the estimated network fees.

Was this article helpful?
0 out of 0 found this helpful