Swapping Tokens

Streamlined Swapping within Your Safe

Satoshi Safe offers a seamless and secure swapping feature that allows users to exchange assets within the same chain and the same safe. Our system utilizes the services of li.fi to ensure users receive the best available prices during the swap process. The swapping interface is straightforward, enabling a quick and clear understanding of the process.

Steps to Swap Assets

• Start with Balance: Your current token balance is prominently displayed, allowing you to select the amount you want to exchange.

• Choose Assets to Swap: Select the asset you wish to receive in exchange. The platform will provide you with a real-time quote for the swap.

• Confirm Transaction Fees: A reminder is prominently displayed to ensure that your safe has enough ETH to cover the network fees, which is crucial for the swap to proceed.

Important Considerations

• Time-Sensitive Quotes: Swap estimates are valid for a short period, reflecting the volatility and fluidity of the crypto market. Acting within this time frame is important to secure the displayed rate.

• Sufficient ETH Balance: Before initiating a swap, the platform will alert you if there’s an insufficient ETH balance to cover the transaction fees. This step prevents the initiation of swaps that cannot be completed due to a lack of necessary fees.

• Impact of Delays: If the signatures required to approve a swap are delayed, the initial quoted amounts may change due to market fluctuations. This could result in the swap failing or the final amounts differing from those quoted at the time of initiation.

Executing a Swap

• Initiation: Once you've entered the swap details and confirmed the sufficiency of your ETH balance, initiate the swap.

• Awaiting Approvals: The swap then moves to the control panel, where it awaits the required signatures.

• Timeliness of Signatures: It's crucial that signatories provide their approval promptly. If the market prices shift significantly before the swap is approved, the transaction may fail or execute with different amounts than originally quoted.

Our swap feature is designed to keep the swapping process within your control, providing transparency and security from initiation to execution. Remember, the key to a successful swap is not just the correct balance, but also the timeliness of the transaction approvals.