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MetaMask Swap Feature on Android App

MetaMask, the leading non-custodial wallet, meaning you’re always in control of your assets, has launched a new feature of swapping tokens directly inside the MetaMask mobile ANDROID app, which might soon be launched for IOS as well.

MetaMask’s mobile users can now swap tokens inside their wallet, with a single swipe, using the Swaps feature. Previously this feature was only available on their browser extension. But then, they announced it officially on their twitter handle. Along with the official tweet they shared the link of the announcement on their official blog website Consensys.net. 

Here they have given some details about all features of the Dapp browser. I have highlighted the features below from the official blog :-

Features
  • Best price every time : Swaps ensures that every MetaMask Mobile user always has access to the most information before making a swap. Instead of searching for the best prices between DEXs, MetaMask aggregates this information in a user-friendly interface so that users have access to the greatest liquidity, the largest selection of tokens, and the most competitive prices. A service fee of 0.875% is automatically factored into each quote, which supports ongoing development to make MetaMask even better.
  • Fewer approvals : With Swaps, mobile users only need to approve each token once to gain access to all the available liquidity on DeFi, reducing gas costs and shortening the path to executing their token swap.
  • Reduced gas costs : We pursue a different path to locate the best trade. Each route requires a varying amount of gas fees to execute the transaction. Swaps sources the best prices and determines which liquidity source is the most gas efficient for every trade.
  • Slippage protection : Large swaps are often subject to wild price swings when there is insufficient liquidity available on a particular DEX. When swapping on MetaMask Mobile, orders are spread across virtually all DEXs, AMMs, and RFQs to reduce slippage impact on the final price.
  • Delightful and easy to use : Swap tokens directly from your MetaMask Mobile wallet in a single swipe.

So what are you waiting for, Get started in three easy steps : 

  • Download MetaMask Mobile
  • Login to your MetaMask account
  • Tap the new ‘Swap’ button to browse tokens, select quotes, and start exchanging!

I hope you found what you were looking for in this post, If you’ve any other query, you can let me know in the comment section below.

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