How to Swap Tokens Inside Your Exodus Wallet?

Understanding Token Swaps in Exodus Wallet

1. Exodus Wallet supports a non-custodial token swap feature that allows users to exchange one cryptocurrency for another directly within the interface. This functionality eliminates the need to use external exchanges for basic conversions. Every swap is facilitated through integrated decentralized exchange aggregators that find optimal rates across multiple liquidity sources.

2. The wallet automatically detects available tokens in your portfolio and displays eligible pairs for swapping. Users cannot swap unsupported assets, so it's essential to verify token compatibility before initiating a transaction. Each supported blockchain network maintains its own set of tradable tokens based on integration with third-party liquidity providers.

3. Transactions are signed locally on the user’s device, ensuring private keys never leave the wallet environment. This design reinforces security while maintaining full user control over funds during the entire process. Once confirmed, swaps are irreversible and recorded on the respective blockchain network.

4. Gas fees apply depending on the originating network—Ethereum transactions typically cost more during peak times, whereas networks like Polygon offer lower fees. These costs are displayed prior to confirmation, allowing users to decide whether to proceed or wait for better conditions.

5. Exchange rates shown are estimates and may vary slightly due to market volatility and slippage tolerance settings. Users can adjust slippage manually if needed, particularly when trading low-liquidity tokens where price impact might be significant.

Step-by-Step Guide to Execute a Swap

1. Open the Exodus Wallet application and navigate to the 'Swap' tab located in the main menu. Ensure you have sufficient balance of the token you intend to exchange and enough native currency (like ETH or MATIC) to cover network fees.

2. Select the cryptocurrency you want to send from the dropdown list. The interface will automatically populate compatible destination tokens. Choose the desired output asset carefully, verifying contract addresses for lesser-known tokens to avoid scams.

3. Enter the amount you wish to swap. The platform calculates the estimated return based on current market data and available liquidity. A fee breakdown appears below, showing both the service fee and network cost.

4. Review all details including exchange rate, estimated receipt amount, and total fees. If everything aligns with expectations, click “Exchange” to proceed. You’ll be prompted to confirm the action using your wallet password or biometric authentication.

5. After confirmation, the transaction is broadcasted to the blockchain. Status updates appear within the app, indicating whether the swap is pending, completed, or failed. Successful swaps reflect updated balances instantly upon confirmation.

Troubleshooting Common Swap Issues

1. If a swap fails, funds are generally returned to the original wallet address, though this may take several minutes depending on network congestion. Failed transactions consume gas fees since miners validate the attempt regardless of outcome.

2. Slippage errors occur when market prices shift rapidly between initiation and execution. Increasing the slippage tolerance margin can help mitigate this, especially for large orders or volatile markets.

3. Missing tokens after a successful swap may result from incorrect token visibility settings. Navigate to asset management and ensure the received token is enabled in your view preferences. Some tokens require manual addition via contract address.

4. Delays in receiving swapped assets often stem from blockchain confirmation times. High traffic on networks like Ethereum can prolong processing. Checking the transaction hash on a block explorer provides real-time status updates outside the wallet interface.

5. Connectivity issues may prevent the swap screen from loading properly. Restarting the app or switching internet connections can resolve temporary glitches affecting API access to pricing engines and liquidity partners.

Frequently Asked Questions

What happens if I enter the wrong recipient address during a swap?Swaps inside Exodus do not involve recipient addresses since conversions occur within your own wallet. Assets are exchanged and stored under your control, minimizing address-related risks.

Are there limits on how much I can swap at once?Yes, daily and per-transaction limits exist based on liquidity availability and risk parameters set by partner aggregators. Large swaps may require breaking into smaller batches to execute successfully.

Can I cancel a swap after confirming it?No, once a swap transaction is confirmed and sent to the blockchain, it cannot be canceled or reversed. Always double-check details before finalizing any exchange.

Why does the actual received amount differ from the estimate?Price fluctuations and network-level slippage cause minor discrepancies. Rates are locked only at execution time, which may vary slightly due to blockchain latency and order routing mechanics.