Swap SUI đ Sui Coins
Learn how to swap Sui (SUI) to Sui coins and vice versa. Whether you want to convert your SUI to another token like USD Coin (USDC) or convert Sui coins back to SUI, this guide will walk you through the process using a simple and user-friendly approach.
- Gem Wallet executes swaps directly on the Sui Blockchain, leveraging robust encryption and smart contracts.
- Transaction fees are paid in SUI tokens, which are necessary for processing and validating transactions. Make sure that you have enough SUI on your wallet.
- Gem Wallet automatically routes transactions through the most cost-effective paths, optimizing trades to achieve the best rates and minimizing slippage.
Always check that you are using the latest version of the app for optimal performance and security.
Swap SUI to a Sui Coinâ
Step 1 - Enable Sui Coinâ
For this guide, we will swap Sui (SUI) to USD Coin (USDC).
First, ensure that your wallet is funded with Sui (SUI). This is the base currency needed for the transaction. Tap on the "Add Token" toggle located on the upper right corner of the screen.
Search for the Sui coin you want to swap to, in this case, USD Coin (USDC). Type "USDC" into the search bar. Once you find USDC, slide the toggle to the right to enable it in your wallet. This makes the token available for swapping and other transactions.
After enabling the token, you are ready to proceed with the swap.
Step 2 - Enter Amount to be Swapped and Confirm Transactionâ
Tap on the "Swap" button, then select USDC from the list of available tokens. Enter the amount of SUI that you want to swap for USDC. Be precise with the amount, and make sure you have enough SUI to cover the transaction fees as well.
Tap on the "Swap" button, and a confirmation screen will appear. Review the details carefully to ensure everything is correct. Once you are satisfied, tap "Confirm" to submit the transaction.
The transaction will be sent to the Sui network for processing.
Step 3 - Wait for Confirmationâ
After submitting the transaction, it will be broadcasted to the Sui network. Depending on the network congestion, it might take a few seconds to get confirmed.
Once confirmed, you will see the USDC balance in your wallet. Congratulations! You have successfully swapped SUI to USDC.
Swap a Sui Coin to SUIâ
Step 1 - Select Sui Coin to be Swappedâ
For this guide, we will swap USD Coin (USDC) to Sui (SUI).
Tap on the "Swap" button in your wallet, then select the Sui coin you want to swap to SUI.
Set the "You Pay" field to USD Coin (USDC). This indicates that you will be using USDC to obtain SUI.
Step 2 - Enter Amount to be Swapped and Confirm Transactionâ
Enter the amount of USD Coin (USDC) you want to swap for Sui (SUI). Ensure that the amount is correct and sufficient for your needs. Tap on the "Swap" button.
A confirmation screen will appear, summarizing the transaction details. Review the information carefully, then tap "Confirm" to submit the transaction. The transaction will be sent to the Sui network for processing.
Step 3 - Wait for Confirmationâ
The transaction will be processed by the Sui network. Depending on the network congestion, it might take a few seconds to get confirmed.
Once confirmed, you will see the SUI balance updated in your wallet.
Why Swap SUI to Sui Coins with Gem Wallet?â
- Gem Wallet prioritizes user security by employing robust encryption and security protocols. This ensures that your assets and personal information are safeguarded against unauthorized access and potential breaches during swaps.
- All swaps performed through Gem Wallet are executed on-chain, providing transparency and verifiability. Users can independently verify transactions on the blockchain, ensuring the integrity and trustworthiness of each swap.
- As an open-source wallet, Gem Wallet allows anyone to review its codebase. This transparency builds trust within the community, as users can audit the code to ensure there are no hidden vulnerabilities or malicious code, promoting a secure swapping environment.
Swapping tokens is a straightforward process that can be done easily with the right steps and precautions. By following this guide, you can ensure a smooth and secure transaction experience.