Please note that if you are experiencing any sort of issue or technical difficulty when attempting to perform a swap, your quickest path to resolution is via a private support ticket that can be opened in the LFJ Discord

Trading on a Decentralized Exchange (DEX) is quite different from using a Centralized Exchange (CEX) in several key ways, especially when it comes to control, privacy, and how trades are executed.

To get started trading on a DEX, you need to set up a crypto wallet like MetaMask or Trust Wallet. You can learn more about wallets here. This wallet is where you’ll store your cryptocurrencies and connect to the DEX. Once connected, you can choose which tokens you want to trade (known as trading pairs) and make your trades.

Unlike centralized exchanges, DEXs like LFJ don’t hold your funds, so you maintain full control over your assets. You can place orders to swap tokens instantly (a market order) or set a target price (a limit (place) order) and wait for the right moment.

Every trade on a DEX will come with a fee, this can range from as little as 0.01% up to 1%. The fee is paid directly to liquidity providers with a small amount also distributed to JOE token stakers. The cost of swapping is highly competitive on the LFJ DEX, thanks to the underlying products that facilitate swaps. Often you'll find, swap rates can be more competitive v trading on a CEX.

In short, DEX trading gives you more freedom, you get to access tokens in a fully onchain environment and you retain full custody of those tokens so there is never any custody risk from the exchange.

Go to the Trade page and click the drop down to open the Token List.

Search for the token you want to swap out of, you can either enter a contract address or type in a token. Select once you have found your token.

Select the token you want to swap into by either clicking one of the quick pick token logos or selecting the token list and searching / picking a token from there.

Enter the amount of tokens you want to swap and press 'Swap'. You should now be able to verify this transaction in your wallet. Your swap will engage and execute within seconds. You may need to refresh your browser UI to see the balances update.