Why do swaps fail?
Slippage is a common reason for a swap failed error. Slippage is a concept in trading which refers to the difference between the expected price of a trade and the actual price at which the trade is executed. The higher the slippage, the worse off you are.
EVM: The swap will fail if the slippage range exceeds the quoted price you agreed upon when initiating the swap. You can retry the swap after some time or enter a higher value of slippage manually.
The Uniswap interface sets a default slippage limit of 0.5%. This slippage limit is the difference between your expected output and the real output at the time of your swap. If the real output changes by more than your set slippage, the transaction will fail. At your own risk, you can adjust the slippage limits.
If the price of the swap goes outside of the allowed slippage set (typically 2-3%), it will fail, in order to prevent you from seeing a huge variance in value when completed.
Failed swap
We recommend waiting at least 60 seconds before retrying the transaction. If you continue to encounter this error, please restart the Coinbase Wallet app and make sure you're running the most up-to-date version.
Generally, any amount is "safe". The concern is what sort of hit you take on performance by using swap and with SSDs, high amounts of swap could mean additional wear and tear on the SSD to the amount of writes.
One wallet for everything
This means you can grow your SOL, ETH, and BTC bags, build a collection of the hottest NFTs and Ordinals, swap tokens across chains with ease, and explore all the best DeFi apps from the most user-friendly wallet.
When swapping using the Uniswap Wallet app, the auto slippage percentage (%), known as price slippage, will be set to be between 0.5% and 5.5%. The price slippage set depends on the network costs and swap size, designed to give you the best swap outcome. Learn more about Price Slippage here.
Part of the issue, conceivably, is that Uniswap Labs runs the biggest portal onto the Uniswap protocol via uniswap.org. Another potential concern is the UNI governance token, launched to give users some control over protocol governance but could be twisted to look like a securities offering.
UNI Weaknesses
Uniswap and DEXs, in general, can be copied/knocked off (SushiSwap and PancakeSwap) due to their open-source nature, losing market share. Traders may suffer impermanent loss when providing liquidity to Uniswap, deterring a portion of potential users.
Why not to use MetaMask?
Potential risks of using a MetaMask wallet include: Phishing attacks: These are some of the most common threats for MetaMask users. Phishing attacks involve scammers attempting to deceive users into sharing their private keys or other information.
Slippage Tolerance is the pricing difference between the price at the confirmation time and the actual price of the transaction users are willing to accept when swapping on AMMs. Slippage tolerance is set as a percentage of the total swap value.
Why Swap with MetaMask? The swap feature ensures that you always have access to the largest selection of tokens and the most competitive prices by providing prices from multiple aggregators and individual market makers in one place.
Wait: Most transactions will complete within a few minutes. However, during periods of high network activity, a transaction may take longer. Cancel: If your transaction is stuck on a pending state, you may be able to cancel it.
When you use a linked bank account (ACH) to buy crypto or add cash to your account balance, the funds are placed on hold and won't be immediately available to send or cash out. Think of this like depositing a check to your bank account and having to wait for it to clear before you can remove the funds.
You can swap using a DEX on the Coinbase Wallet app and browser extension.
Disadvantages of a Swap
If a swap is canceled early, there is a fee incurred. A swap is an illiquid financial instrument, and it is subject to default risk.
In a swap, tokens are exchanged directly for one another from a secure crypto wallet or through a cryptocurrency app. Without the intermediate steps, the cost of changing one token for another drop dramatically. Thanks to these lower transaction fees, acquiring tokens through swapping is often much more economical.
Here is the reason why disabling swap is a bad idea: If you start a program that uses up all the available memory, what pages get pushed out of the memory? Without swap, you cannot push out the dirty pages, so you're stuck with pushing out the clean pages. The clean pages are mostly the pages with the program code.
Ordinals Wallet is a noncustodial Bitcoin wallet that allows users to view, store, buy, sell, and trade Bitcoin Ordinals.11 To interact with the Ordinals protocol, a Bitcoin wallet with a Taproot wallet address and “coin control” is required.
How safe is phantom wallet?
Phantom Wallet's commitment to security is evident through its suite of protective features. It supports integration with hardware wallets, such as Ledger, providing an extra security layer by allowing users to store their private keys in a physically secure device, disconnected from the internet's vulnerabilities.
Note: If your slippage is set too low, your transaction may revert or fail. If your slippage is set too high then you may get less tokens than expected when swapping. For example, if your slippage is set to 25% then you may receive 25% less tokens than what is shown to you in the swap preview.
What causes slippage? Slippage is caused by the amount of liquidity, which is how quickly you can buy and sell an asset without impacting the price. So if there is low liquidity or low trading activity in the market for a specific asset, then the slippage percentage is higher.
Max Slippage
[Margin only] The maximum amount of additional slippage beyond the expected price impact that will be allowed on the product. If the slippage exceeds this amount, the order will fail in order to protect the trader from a bad price.
