What is Matcha?
Matcha is an Ethereum-based decentralized exchange that allows users to swap tokens at the best prices by aggregating liquidity from various exchange networks such as 0x Mesh, Kyber, Uniswap, Curve and Oasis.
There are many Ethereum-based decentralized exchanges. Among them, Matcha can be best described as a decentralized exchange with the simplest user interface that provides users with a very easy-to-use trading platform and a smooth trading experience.
Matcha supported wallets
Matcha supports MetaMask, Coinbase Wallet and Bitski wallet. You can also use Matcha with various mobile wallets such as Trust Wallet through WalletConnect.
Matcha fees
Matcha currently does not charge any fees for trades. When you make a trade on Matcha, you’ll only pay a transaction fee that consist of an Ethereum gas fee and a 0x protocol fee (if 0x liquidity is used).
How to trade on Matcha?
Trading on Matcha is very simple. This is actually the focus of the platform. To make a trade on Matcha, you first need to connect your wallet to the platform.
Step 1: Connect your wallet to Matcha
If you’ll use MetaMask, first log in to your MetaMask wallet on your browser and then visit Matcha. Click ”connect MetaMask” to connect your wallet to the platform.
Step 2: Find the trading pair you want to trade
Search for trading pairs by typing the cryptocurrency you want to trade and go to the market by clicking the pair.
Step 3: Make a trade on Matcha
Enter the amount of coin you want to trade and you’ll get the best rates, you can see the details by clicking on the exchange rate. Click ”review order” to see fees before placing your order. After that, you can place your order and confirm the transaction on MetaMask.
You also need to allow Matcha to spend the token you’ll trade. You only need to approve a token once. After that, there is no need to approve the token again as long as you use the same wallet.
Matcha limit order
You don’t always need to make market orders on Matcha. You can also place limit orders on various trading pairs except ETH-based ones.
You can place limit orders that will be active for 24 hours, 3 days, 7 days or until cancelled.
