How To Use Jupiter With Enkrypt
Connect to Jupiter Exchange with the help of this guide. Swap tokens using Limit Orders or even DCA using Jupiter with Enkrypt!
Jupiter is a Solana-powered decentralized exchange (DEX) aggregator that optimizes token swaps by finding the most efficient routes from a variety of decentralized exchanges. Jupiter, inspired by the 1inch protocol, addresses difficulties in Decentralized Finance (DeFi), such as fragmented liquidity spread over several exchanges, leading to high volatility, slippage risks, and vulnerability to market manipulation. Jupiter's interface allows users to access liquidity across different pools for various token pairs.
Enkrypt is a multichain, non-custodial, and open-source web3 browser wallet built by the team behind MEW (MyEtherWallet). With Enkrypt, users and developers can generate accounts, manage tokens and NFTs, and interact with DApps on Solana, Ethereum, Optimism, as well as Bitcoin, Substrate and any EVM chains. Follow the instructions in this guide on how to use Enkrypt with Jupiter!
Connecting to Jupiter
First head to Jupiter's website then click ‘Connect Wallet’ at the top right or middle of the screen.
Disclaimer: Keep in mind Jupiter is a third-party DApp and is not affiliated with MEW in any way. Using DeFi involves some inherent risk. Please do your research and proceed at your own discretion.
Select the ‘Enkrypt’ option.
On the Enkrypt pop up, select the account you want to connect with then click ‘Connect’.
Your Enkrypt wallet is now connected to Jupiter!
Swaps
To swap tokens, select the ‘Spot’ option in the navigation bar at the top of the page.
Standard Token Swap
Select the ‘Swap’ option above the swap form.
Select the “You’re Selling” token dropdown to open the token selection menu.
Select the token you want to swap. We will select ‘Bonk’ for this example.
Select the “You’re Buying” token dropdown to open the token selection menu.
Select the token you want to receive. We will leave it on SOL for this example.
Enter the amount you want to swap then click ‘Swap’.
Confirm the transaction on the Enkrypt pop up by selecting ‘Send’.
Once you confirm the swap, you should see a pop up at the bottom left stating your swap was successful.
Congrats, your tokens have now been swapped!
Limit Order Swap
Select ‘Limit’ above the swap form to create a limit order swap.
Here you can view the price chart for the selected token pair.
Select the “You’re Selling” token dropdown to open the token selection menu.
Select the token you want to swap. We will select ‘SOL’ for this example.
Select the “You’re Buying” token dropdown to open the token selection menu.
Select the token you want to receive. We will select JupSOL for this example.
Enter the amount you want to swap then enter the rate you want to buy, you can click ‘Use Market’ to set the rate to the current market price. Then select when you want your order to expire, we will leave it on ‘Never’, then click ‘Place Limit Order’.
Confirm the transaction on the Enkrypt pop up by selecting ‘Send’.
You should see the order under the ‘Open Orders’ section.
Closing a Limit Order
Underneath the chart, select the order you want to close then click ‘Cancel Order’ on the right side of the order.
On the Enkrypt pop up, confirm the transaction by clicking on ‘Send’.
Click ‘Order History’ and you should see that your order has been canceled.
DCA Order Swap
Click the ‘DCA’ option on the top of the swap form.
Here you can view the price chart for the selected token pair.
Select the “I Want To Allocate” token dropdown to open the token selection menu.
Select the token you want to swap. We will select ‘JupSOL’ for this example.
Select the “To Buy” token dropdown to open the token selection menu.
Select the token you want to receive. We will select SOL for this example.
Enter the amount you want to swap then enter the frequency you want to buy and how many orders. Then click ‘Start DCA’ to open your order.
You will need a minimum amount in USD depending on how many orders to start the swap.
Closing a DCA Order
The way to close a DCA order should be the same steps as closing a Limit Order above.
Perpetual Swaps
Click the ‘Perps’ option in the navigation bar at the top of the page.
There may be a pop up, click ‘Accept and Continue’ to accept the Terms and Conditions.
Here you can view the price chart and swap your tokens on leverage.
You are only able to leverage trade to SOL, ETH and WBTC.
Select ‘Long’ or ‘Short’ at the top of the form then select the “You’re Paying” token dropdown to open the token selection menu. We will leave it on ‘Long’ for this example.
Select the token you want to trade. We will choose ‘SOL’ for this example.
There may be another disclaimer pop up, select ‘Agree and Confirm to continue’.
Enter the amount you want to trade and the leverage amount then select ‘Long SOL’.
Confirm the transaction on the Enkrypt pop up by selecting ‘Send’.
You should now see your open position in the ‘Positions’ section.
Closing a Perpetual Order
Select the ‘Positions’ option to view your open positions.
To close the order click ‘Close’ on the right side of the order.
Enter the amount you want to close out of then click ‘Confirm’.
Confirm the transaction on Enkrypt by clicking ‘Send’.
Under the ‘Trade History’ tab you should see your orders and that the order was successfully closed.
Thank you for checking out our guide on How to use Jupiter with Enkrypt! Don't forget to download Enkrypt for a seamless web3 multichain wallet experience. We would love to hear from you on our social media about any guide suggestions you have for the future. Also, if you enjoy using mobile cryptocurrency wallets, give our MEW Mobile app a try, it's available on both iOS and Android platforms!