XDEFI Wallet supports ParaSwap

paraswap

Download XDEFI Wallet: the best Paraswap wallet.

XDEFI Wallet makes Web3 safe and easy: it allows you to store, send, and swap Cryptocurrencies and manage your NFTs from a single, safe wallet, which can be used as your Paraswap wallet.

paraswap wallet

What is Paraswap?

ParaSwap is a leading Decentralized Finance (DeFi) aggregator that checks the liquidity and rates on all supported Decentralized Exchanges (DEX) to find the most optimal path, resulting in the best rate possible for user swaps. This aggregator simplifies the user experience within DeFi and can be accessed here. Even for smaller sized transactions, ParaSwap can efficiently create the best rates by splitting up the trades into smaller trades.

What is required for transactions through ParaSwap?

An Ethereum compatible wallet such as XDEFI Wallet is required to use ParaSwap; it currently supports Ethereum (ETH), BNB Smart Chain (BSC, Binance (BNB), Polygon (MATIC), and Avalanche (AVAX) chains . ParaSwap does not charge any service fees; however, the Ethereum gas fee still applies. A user will provide one asset and receive another asset as needed to their wallet.
ParaSwap does have a token called PSP, however this token is not required to swap crypto assets on the aggregator. With the PSP token, these can be staked for extra rewards, pushing the market makers to deliver more competitive rates for users.

How secure is the aggregator?

  • The aggregator is a piece of middleware, so the user’s funds are only exposed to intermediary ParaSwap risk when a transaction is being processed and the user maintains full control of their assets during the transaction.

Where can I get an Paraswap wallet?

XDEFI Wallet allows you to safely store, send, and swap Cryptocurrencies and manage your NFTs from a single, safe wallet, which can be used as your ParaSwap wallet.
XDEFI Wallet is also compatible with the ParaSwap web application.
XDEFI Wallet is multichain and supports more than 1000 dApps.

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