How to swap between different versions of NWC
We have just released one of the biggest improvements in the history of NewsCrypto – a cross-chain swap that enables you to swap between the Stellar, Ethereum and Binance Smart Chain versions of NWC. Here we have prepared a step by step guide on how to use the swap.
Scroll till the bottom of the article or click here if you find video explanation easier.
*** In order to swap NWC, users first need to whitelist their Ethereum address on the platform. This can be done in the Profile section: a Swap Whitelist input field can be found in the bottom left part of the profile, just below the progress bars. Simply copy and paste your Ethereum wallet address into this field, click Save, and you’re ready to go ***
*Note that, in order to move the Ethereum NWC tokens from your Ethereum wallet (e.g. to provide liquidity on Uniswap), you need to also have some Ether in your wallet, as all transactions on the Ethereum blockchain require a gas fee paid in ETH.
Also make sure that the Ethereum wallet you're using supports custom tokens (for more on how to add NWC to your wallet, click here).*
Step 1: Go to the swap page and connect your wallet
First, you need to go to the swap website, which can be accessed from our homepage or directly through this link. You will be prompted to connect your Ethereum or Binance Smart Chain wallet, which simply allows the website to view your public address. Click confirm.
Step 2: Select sending and destination chains
Then, select the chain from which you are sending and the chain of the receiving wallet.
Step 3: Input quantity
Simply enter the number of NWC tokens that you want to swap.
Step 4: Input receiving address
Enter the address of the wallet to which you are sending the swapped tokens and click continue.
Step 5: Check the data you entered
On the next screen, check that all the data you entered is correct and click continue.
Step 6: Send tokens / Approve transaction
If you’re sending from Stellar, you will be shown an address on the sending chain to which you need to send the quantity of tokens that you entered before. Send the tokens to this address from your wallet, the same way that you would for any other transaction.
If you’re sending from Ethereum or BSC, your wallet will prompt you to approve the transfer of NWC, and then to interact with the smart contract. Click confirm on both transactions and select the appropriate gas fee based on how quickly you want the swap to be completed.
Step 7: Done!
You’re done, simple as that! Usually you will get the swapped tokens on the receiving wallet in under a minute or two, but this depends on the congestion of the sending and receiving blockchains. In case both blockchains are experiencing unusually high levels of traffic, this can take longer.