Swapping on Optimism with Enkrypt
Optimism is one of the most popular Ethereum L2s. Need help swapping on Optimism? Follow our guide for help!
Make your swaps on the Optimism network for lower transaction fees
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 Optimism, as well as Substrate and Bitcoin chains. Follow the instructions in this guide in order to swap on Optimism!
Optimism network is an Ethereum scalability solution platform. What does that mean? It works in a similar way to Ethereum, and supports many of the same assets and applications but offers significantly lower transaction fees and higher transaction speed.
You will need ETH in your wallet, on the Optimism network, to trade or make any other transactions.
If you'd like to trade some Ethereum assets you already own on Optimism with lower fees, first bridge your Ethereum tokens to Optimism.
To see how to get native Optimism ETH for gas, as well as move any tokens you want to trade from Ethereum to Optimism, follow our bridging guide here.
Swaps on Optimism work the same way as swaps on Ethereum.
Select the Optimism network on the left side menu then select the ‘Swap’ option.
Click the ‘Ethereum’ dropdown menu to open the token selection menu.
You will see the tokens that are currently in your wallet. Select which token you want to swap.
In this example, we are swapping USDC.e (Bridged USDC) for WBTC (Wrapped Bitcoin).
Click the ‘Select token’ dropdown menu to open the token selection menu.
Select the token you want to receive.
Enter the amount you want to swap then click ‘Preview swap’.
You can view the swap offers from other providers by selecting the ‘other offers’ dropdown menu.
By default the best rate will be selected.
Select ‘Proceed with swap’ once you are satisfied with your exchange rate.
Your swap is now initiated! You can click ‘Finish’ and continue using your wallet. Your tokens will automatically appear in your tokens list when the swap is complete.
You can click the ‘Activity’ tab at the bottom to view the progress of your swap.
Once the swap is completed, your new tokens will appear in your wallet.
Thank you for checking out our guide on swapping your tokens on Optimism 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 Wallet mobile app a try, it's available on both iOS and Android platforms!