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How to use SushiSwap DEX

All you need is a credit card to buy, sell, and swap crypto at this decentralized cryptocurrency exchange

How to use SushiSwap

What is SushiSwap?

The SushiSwap decentralized crypto exchange is part of the Sushi ecosystem. In addition to the DEX, the ecosystem includes a decentralized lending market, yield instruments, an auction platform, an automated market maker (AMM) framework, and staking derivatives.

SushiSwap’s governance token, SUSHI, allows community members to vote on major structural changes to the ecosystem and its offerings. Day-to-day operations, business strategy, and development are controlled by the project’s core team.

The best way to purchase SUSHI is to buy it at Kriptomat.

SushiSwap runs on the Ethereum blockchain. The service’s core function is to allow users to buy and sell cryptocurrency. The site also offers yield farming and staking to liquidity pools.

SushiSwap was founded in 2020 by anonymous founders known as Chef Nomi, Sushiswap, and Maki. The new service started as a next-generation Uniswap based on Uniswap source code.

Amid controversy over a competitive struggle between SushiSwap and Uniswap, Chef Nomi transferred control of the new project to Sam Bankman-Fried, the founder of crypto trading firm Alameda Research and crypto derivatives exchange FTX. Bankman-Fried restored calm to the project and turned over governance to a nine-member core team.

Start using SushiSwap DEX now

Here’s the fast, easy way to get started with the SushiSwap DEX: The Kriptomat DEX Onramp.

1. Purchase Ethereum at Kriptomat

Your SushiSwap journey starts with funding your account. Kriptomat is the fastest, easiest way to start. In this example, we’re starting by buying Ethereum to fund your account. Ethereum is easy to buy at Kriptomat. Simply create your free account, complete the quick identity verification procedure, and make the purchase. Visa and Mastercard support means you can complete this process in minutes.

2. Set up a MetaMask wallet

MetaMask is a crypto wallet that is implemented as a browser extension on PCs and an app on mobile devices. Visit metamask.io and select “Download” and you will receive the proper version for the device  you are using. Follow the instructions to complete installation. Create a wallet and password. The wallet is set up by default to use the Ethernet main net.

3. Transfer Ethereum to your MetaMask wallet

Use the Account Details menu on MetaMask to display the numeric code that is your MetaMask mainnet wallet address.

At Kriptomat, locate My Wallets and select the Ethereum mainnet. Click on Send and paste the wallet address from MetaMask into the “Recipient address” blank. Specify the amount of Ethereum you wish to send and confirm the transaction. You may need to confirm the transfer via email.

4. Add the Ethereum to your MetaMask wallet

The Ethereum you transferred is in your MetaMask wallet, but it may not be visible until you add it manually. Visit coinmarketcap.com and locate the token contract address for ETH, then open MetaMask, select “Add token,” and paste in the address.

5. Connect your MetaMask wallet to SushiSwap

Navigate to SushiSwap, click on “Connect to a wallet,” and follow the instructions on your screen to link your MetaMask wallet to your SushiSwap account.

6. Begin trading

Now that you have funded your MetaMask wallet and linked it to the DEX, you are ready to begin executing transactions at SushiSwap.

It’s just that easy!

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