Overview Tab
Managing your Swaply account
In this section, we'll explore the Swaply account interface so you can understand what each item on the app does.
Use the numbers on the image to quickly find the individual results descriptions below.
Overview Tab
#1 Show/Hide Address
Clicking the "eye" button toggles the visibility of your crypto wallet address.
When hidden, the address field will be masked with asterisks (****) for safety.
#2 In-App Wallet Status
A green checkmark ✅indicates that your in-app wallet is set up and ready to go.
You may see a "CREATE" button if you have not created your in app wallet yet. Click the button to create your wallet.
You may see a "RESTORE" button if you have previously created your in-app wallet but have been inactive for some time. Click the button to restore your in-app wallet.
#3 Active Chain
Select the chain you wish to interact with. See the Supported Chainspage for a list of chains that Swaply currently supports.
#4 In-App Wallet Address
Your in-app wallet address is called an "embedded wallet." It is created on your behalf and then assigned to your Swaply account. This wallet address is yours and yours alone, and resides on the blockchain which means it is non-custodial.
A crypto wallet address is like an account number for your cryptocurrencies. It's a unique string of letters and numbers that you can share with others to receive crypto, similar to how you'd give your bank account number to someone to deposit money.
Here's a breakdown:
Think of it like an email address: Just like your email address allows people to send you messages, your wallet address allows people to send you cryptocurrency.
Public and safe to share: Your wallet address is public information, kind of like your email address. It's safe to give out to anyone you want to receive crypto from.
Example of what an address looks like:
0x14536667Cd30e52C0b458BaACcB9faDA7046E056
Remember: Don't share your private key with anyone!
This is just like you don't share your email password. There is NO reason to provide your private key EVER, and Swaply staff will never ask for it.
#5 Available Funds
This shows the quantity and $ value of the native token for the chain you have selected. Each chain has a different native token, but it can be a bit confusing as they are sometimes called the same thing. Let's take a look at the Ethereum chain and its native token (ETH) to understand how it all works.
In the world of crypto, Ethereum funds refer specifically to the cryptocurrency called Ether (ETH), the native currency of the Ethereum blockchain. Think of it like this:
Ethereum: The Highway: Imagine Ethereum as a giant highway for digital transactions. It allows people to send and receive value, similar to how cars move people and goods on a road.
Ether (ETH): The Fuel: To use this highway for transactions, you need fuel. In Ethereum's case, the fuel is Ether (ETH). Every time someone wants to use the Ethereum network for something (like buying an NFT or running a program), they need to pay a small fee in ETH.
Here's a breakdown of Ethereum funds (ETH):
Used for transactions: Just like cash pays for tolls on a highway, ETH pays for fees on the Ethereum network.
Can be bought and sold: You can buy ETH on cryptocurrency exchanges, just like you might buy gas for your car. The price of ETH can fluctuate, similar to gas prices.
Used for more than just fees: ETH can also be used as a store of value, similar to how you might hold onto cash for future purchases.
Not the only currency on Ethereum: While ETH is the main currency, other digital assets can also exist on the Ethereum blockchain, like NFTs.
Remember: When someone talks about Ethereum funds, they're referring to the cryptocurrency Ether (ETH) used to pay fees and interact with the Ethereum network.
#6 Portfolio Overview
This section displays the current $USD value of your wallet across all chains. Additionally, you can see icons for the chains for the tokens which your wallet holds.
Note that scammers often drop fake tokens into your wallet, which may make the portfolio section show chains that you have not purchased.
These scam tokens are airdropped and typically called "dust tokens." Do NOT interact with any token you did not swap for.
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