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What is Coin98 Exchange? How to use Coin98 Exchange - an All-in-one DeFi platform

Publish by Dieu Bui at 27 August 2021

Coin98 Exchange is the next-gen product of Coin98 Labs in our continued efforts to fulfill the mission of optimizing user experiences and driving DeFi mass adoption.

In this article, I will share with you an overview of Coin98 Exchange as well as an A-Z guide on how to experience this cutting-edge multichain liquidity aggregator platform!

What is Coin98 Exchange?

Coin98 Exchange is a decentralized exchange (DEX), a Multi-chain liquidity aggregator that offers users a wide variety of DeFi services (swap, stake, lend, borrow,...) through intuitive and simple interfaces.

Coin98 Exchange was born to solve the problem of liquidity fragmentation on many Blockchains, helping users to experience DeFi fully and seamlessly without the need for in-depth knowledge of blockchain technology.

Known as a decentralized, non-custodial version of the leading CEXs in the market, Coin98 Exchange is gradually bringing essential services in the traditional economy to DeFi such as:

  • Trading with Exchange;
  • Market data aggregator tool with Markets;
  • Asset management tool with Portfolio;
  • Utility toolkit for DeFi users with Terminal;
  • And some upcoming features like Staking, Cross-chain Swap, Multi-sig, Revoke,...

What do you need to prepare before experiencing Coin98 Exchange?

The heart of the Coin98 Exchange is the multichain engine, connecting users to many different blockchains effortlessly and smoothly. Users can also use single-chain wallets such as ETH or BSC wallets to trade on different AMMs, however, Coin98 Exchange recommends using Multi-Chain wallets for a better user experience.

Besides, users can enjoy the unique "Always Connected" experience via the absolute compatibility of the Multichain Engine between Coin98 Wallet and Coin98 Exchange.

Download and install Coin98 Extension Wallet

The Coin98 Extension Wallet is available on both Google Chrome and Firefox. The detailed installation instructions can be found below:

  • Install Coin98 Extension Wallet on Chrome here.
  • Install Coin98 Extension Wallet on Firefox here.
How to install Coin98 Extension Wallet

Create a Multi-chain Wallet

After downloading or updating the Coin98 Extension Wallet, you can follow the instructions below to create a Multi-chain Wallet or import a wallet from other wallet applications to Coin98 Wallet.

  • How to create a Multi-Chain wallet here.
  • How to import a Multi-chain Wallet from Metamask to Coin98 Wallet here.
  • How to import a Multi-chain Wallet from Trust Wallet to Coin98 Wallet here.

If you are currently a Coin98 Wallet user, please re-import your multichain wallet to update other new chain wallets available in the latest version!

Prepare the blockchains' native coin for transaction fees

The transaction fee is calculated differently depending on the blockchain. Users need to prepare the blockchains' native coins in the corresponding wallets of the respective chains, such as:

  • Transaction fees on PancakeSwap will be calculated in BNB (Binance Smart Chain).
  • Transaction fees on Uniswap and SushiSwap will be calculated in ETH (Ethereum).
  • Transaction fees on MDEX will be calculated in HT (Heco Chain).
  • Transaction fees on QuickSwap will be calculated in MATIC (Polygon).
  • Transaction fees on Pangolin will be calculated in AVAX (Avalanche C-chain).
  • Transaction fees on Coin98 Exchange will be calculated in SOL.

You can get these coins from centralized exchanges like Binance, Gate.io,... and transfer them to your wallet.

Note: You must transfer each coin to the corresponding wallet on the correct blockchain.

Features of Coin98 Exchange

Coin98 Exchange has 4 main features, include:

  • Coin98 Exchange: Provides crucial sources of liquidity for swapping tokens in a trustless, permissionless, and seamless manner.
  • Coin98 Markets: Delivers vital cryptocurrency market data visually engagingly, empowering users with actionable insights.
  • Coin98 Portfolio: Supports users to monitor price changes and the growth of their assets on 10+ blockchain.
  • Coin98 Terminal including Token Issuer and the Multi-send feature: Create your own token in just 1 minute with no coding experience and send multiple outputs to different addresses in only one transaction.

How to trade on Coin98 Exchange

Coin98 Exchange is always striving to integrate as many leading AMMs in the market as possible, including Uniswap, SushiSwap, PancakeSwap (V1&V2), MDEX, Pangolin, QuickSwap, Coin98 Exchange (Solana) and more… allowing users to have a seamless transaction experience, across different blockchains with a single multi-chain wallet and without changing the network.

First, you can access Coin98 Exchange here: exchange.coin98.com

Overview of the Coin98 Exchange interface

Coin98 offers users 2 types of interface:

The Pro-UI with in-depth trading information and features for active traders and more advanced users

The Basic - UI with a streamlined interface that focuses on simplicity, speed, and ease-of-use, making Coin98 Exchange a perfect choice for crypto novices, first-time users, and users who just need the basics.

The main interface of Coin98 Exchange has the following sections:

[1] Navigation to other Coin98's sites, products and AMMs of Coin98 Exchange.

[2] From left to right:

  • A toggle switch to change between the Pro UI interface and the Basic UI interface.
  • The DEX selection area.
  • The Wallet connected to Coin98 Exchange (you can change between wallets if there is more than 1).

[3] Some built-in utilities:

  • The search bar: Search the tokens with their names, symbols, or smart contract addresses.
  • The Gas station icon: Real-time Gwei.
  • The Moon icon: Light and dark interface settings.
  • The Lock icon: Lock/Unlock the wallet.
  • Wallet: Manage wallet and receive/send tokens.

[4] Information about the 2 chosen tokens in the pool:

  • Current number of tokens in the pool.
  • Total Liquidity: The current total liquidity in the pool in USD.
  • 24h Volume: The total trading volume of the pool within 24 hours, % of change within 24 hours.
  • 24h Fees: The total swap fee of the pool in 24h, % of change within 24h.

*Note: This area will not be displayed in the Basic interface.

[5] The Token selection area.

[6] The price chart of the token that you intend to swap including:

  • [a] Name, sticker, logo, and real-time price of the swapped token.
  • [b] Watch time adjustment (1 minute - 1 week), available indicator-related tools, types of candles.
  • [c] The Drawing and measuring tools. However, to use these tools you need to have knowledge of technical analysis.
  • [d] The largest area, where the price chart is placed as well as where all the tools are applied, showing the indicators for price analysis.

Users can click the (!) icon at the lower-left corner of the price chart to view more information about the token.

[7] History of transactions.

[8] The transaction area.

[9] The transaction information as well as the main settings:

  • Average Price: The average price ratio of the 2 tokens.
  • Price impact: The difference between the market price and the estimated price provided by the Liquidity Pool.
  • Gwei: Can be considered as the transaction fee - a payment made by users to complete transactions on blockchains.
  • Liquidity Provider Fee: The fee you have to pay to the liquidity provider
  • Estimate Fee: The estimated transaction fee that you have to pay for the network.

Advanced Settings:

  • Gwei bar: A feature that allows users to adjust the amount of Gas fee (transaction fee) according to their needs by sliding the bar.
  • Slippage tolerance: The pricing difference between the price at the confirmation time and the actual price of the transaction users are willing to accept when swapping on AMMs. Slippage tolerance is set as a percentage of the total swap value.
  • Transaction Deadline: The maximum transaction time that you can specify to avoid the case of long waiting time without any matching orders.
  • Unlimited Approval: A feature that enables users to grant platforms and smart contracts the permission to spend tokens/ coins on your behalf without limit.
  • Default Pair: The default tokens for each trading pair
  • Contract revoke: Allows you to inspect all contracts you've approved to spend money on your behalf and revoke their access for the ones you no longer need. The example shows that I have allowed PancakeSwap (V2) to use a very large amount of USDT, if I feel it is not necessary, I will click on the crossed-out icon on the right.

A simple guide on how to trade on Coin98 Exchange

Step 1: Select the AMM you want to trade with by clicking on one of the two highlighted sections on the screen.

In this case, I will take PancakeSwap (V2) as an example.

Step 2: Select the token you want to trade from the token search bar.

For new tokens that have not been listed on Coin98 Exchange, you can paste their Contract addresses and trade as usual.

I will take the USDT-C98 trading pair as an example.

Step 3: At the transaction area, you can:

  • Slide the bar or enter the desired amount of tokens you want to trade.
  • Adjust the Gwei bar according to the desired speed. The default gas fee on Coin98 Wallet has been set for the highest speed with the most reasonable cost.
  • Adjust the Slippage tolerance according to the desired slippage. The default slippage tolerance on Coin98 Wallet is set at the standard rate of +/-5%, which is quite safe and applicable to most coins on the market.
  • Adjust the Transaction Deadline according to the desired waiting time. The default transaction deadline on Coin98 Wallet is set at the standard rate of 10 minutes.
  • Click Swap.

Step 4: Click Confirm to confirm that you agree with the fee and are ready to make this transaction.

When the transaction is completed, you will receive a notification at the bottom right corner of the screen.

Note:

  • The arrow in the middle of the trading interface is used to switch between the buying and selling positions. You need to check the tokens’ positions carefully before making any transactions.
  • The gas fee and the processing time are different on each blockchain. You need to double-check the information carefully before approving any transaction.
  • After swapping successfully, you can access the Pair section to view your transactions.

In the future, Coin98 Exchange will integrate more top-tier AMMs and cross-chain bridges to elevate users' trading experience to a new level.

During the Swap process, if you want to learn more about a certain coin/token, you can use the Coin98 Markets feature right in your browser.

How to use Coin98 Markets

Coin98 Markets is a tool that aggregates real-time, detailed, and useful market data that assists users in monitoring the market changes and fluctuations, from which appropriate investment decisions can be made.

Coin98 Markets is now tracking over 9,000 coins/tokens and over 635 exchanges. Via Coin98 Markets, users can gain understanding and objective perspectives of a coin/token to make appropriate investment and trading decisions.

Overview of the Coin98 Markets interface

Similar to the trading interface on Coin98 Exchange, before going into the detailed instructions, I will introduce to you the metrics as well as the main interface of Coin98 Markets.

From the Coin98 Exchange interface, you can click Markets on the navigation bar at the top of the page, or access Coin98 Markets via: markets.coin98.com.

The main interface of Coin98 Markets has the following sections:

[1] Navigation to other Coin98's sites, products and AMMs of Coin98 Exchange.

[2] Some built-in utilities:

  • The Search bar: Search the tokens with their names, symbols, or smart contract addresses.
  • The Gas station icon: Real-time Gwei.
  • The Moon icon: Light and dark interface settings.
  • The Lock icon: Lock/Unlock the wallet.
  • Wallet management and receiving/sending functions.
  • The Star Icon: Click on this icon to show your favorite list of coins/tokens.
  • The Filter button: Filter by tokens/coins ranking, Market Cap (Market capitalization), and Volume order.

[3] Market Fundamental metrics:

  • Cryptos: The total number of coins & tokens being tracked on Coin98 Markets.
  • Markets: The total number of the exchanges being tracked.
  • Market Cap (short for Market Capitalization): The total market capitalization of the entire crypto market.
  • 24H Vol (short for 24 hours Volume): The Cryptocurrency trading volume in the last 24 hours.
  • Dominance: Dominance index of coins/ tokens, here showing 2 popular coins, Bitcoin (BTC) and Ethereum (ETH).

[4] Basic information about Coins/Tokens:

  • The Star icon: Used to mark your favorite coins/tokens. When marked, this icon will turn yellow.
  • Ordinal numbers 1,2,3,...: The ranking of coins/tokens by market capitalization.
  • Asset: Coins/tokens sorted by market cap.
  • Price: The real-time price of the coin/token.
  • 24H: Change of coin/token price in one day.
  • Market Cap: The market capitalization of that coin/token.
  • 24H volume: The trading volume of that coin/token in the last 24 hours.
  • Circulating Supply: The best approximation of the number of coins that are circulating in the market and in the general public's hands.
  • Last 7 days: The Waveform chart showing the price volatility over 7 days.

How to view token/coin information on Coin98 Markets

Step 1: Search token/coin you want to view on Coin98 Markets.

Step 2: Click on the token/coin you want to learn about.

Step 3: The system will display the full information about the coin/token you have selected with some details as follows:

[1] Name and ticker of the token/coin, current price and % of price change within 24 hours

[2] Low - High bar: The highest and lowest price within 24 hours of the chosen coin/token.

[3] Market Cap and % change of Market Cap within 24 hours

[4] Fully Diluted Market Cap: Total market capitalization when all tokens are unlocked.

[5] With 2 information about Volume:

  • 24H Volume: The total volume of transactions within a day.
  • Volume/Market Cap: the ratio of trading volume to market capitalization within 24 hours.

[6] Supply metrics:

  • Max Supply: The best approximation of the maximum amount of coins that will ever exist in the lifetime of the cryptocurrency.
  • Total Supply: The total supply of coin/token currently on the market (minus the verifiable amount of coin/token burned).
  • Circulating Supply: The best approximation of the number of coins that are circulating in the market and in the general public's hands and the % of the maximum total supply of coins/tokens in circulation.

[7] The price chart and the capitalization value of the chosen token/coin by day (Day), month (Month), Year (Year), and the entire time (All) view.

In addition, users can also use the Expand View mode by clicking on the arrow icon on the top right of the screen.

In this interface, you can see other information such as:

  • The official website of the project
  • Explorer: Detailed Information about the token/coin on respective blockchains.
  • Community: The official community of the project.
  • Tags related to the project information.

After researching the tokens/coins and trading them successfully you can directly manage your asset portfolio right on Coin98 Portfolio.

How to use Coin98 Portfolio

Coin98 Portfolio - a one-stop tracker for all your coins, has supported tracking portfolio for the following top-tier blockchain addresses: Solana, Ethereum, BSC, HECO, Avalanche C-Chain, Tron, TomoChain, Near, Polkadot, Kusama, and Celo, ... easily and conveniently. You only need to insert the wallet addresses to track without the need for Passphrases and Private Keys

To use Coin98 Portfolio, from the Coin98 Exchange/ Coin98 Markets interface, you can click on the Products navigation bar at the top of the page, select Coin98 Portfolio or visit this link: portfolio.coin98. com

The main interface of Coin98 Portfolio has the following sections.

[1] Navigation to other Coin98's sites, products and AMMs of Coin98 Exchange.

[2]: Some built-in utilities:

  • The Search bar: Search the tokens with their names, symbols, or smart contract addresses.
  • The Gas station icon: Real-time Gwei.
  • The Moon icon: Light and dark interface settings.
  • The Lock icon: Lock/Unlock the wallet.
  • Wallet management and receiving/sending functions.

[3] The Search box: This is the main feature of Coin98 Portfolio. You only need to insert the wallet addresses you want to track, no need for Passphrases and Private Keys. Coin98 Portfolio also supports saving recent addresses to make it easier for users to manage their assets.

Here are two simple steps you need to follow to use Coin98 Portfolio:

  • Step 1: Enter the wallet address into the Search box.
  • Step 2: Coin98 Portfolio will automatically detect and suggest the corresponding chain. If it is a multi-chain address, there will be suggestions on which chain you should select.

After you have inserted all of your wallets, here is what your portfolio looks like.

The main information includes:

[1] The total balance:

  • Asset value in USD and in BTC.
  • User's portfolio weight and % increase/decrease in 24 hours.
  • For multi-chain wallet addresses, you can easily change the network to check the asset portfolio on different blockchains.
  • The "Hide balance" feature keeps your asset safe by preventing prying eyes (or intruders) from knowing how much your account holds.

[2] The Balance chart: You can choose any time frame, from 1 hour - 1 year or the whole time.

[3] The Assets portfolio: Full information about each token you are holding such as price, total value, value changed in 24 hours, volume,.... To hide/show any token you can use the on/off icon on the right.

Moreover, you can click on a token to see its basic information popped up on the right side of the screen.

The main information includes:

[1] The token sticker, the standard and the token amount.

[2] Token wallet address, value in USD.

[3] The graph showing the total value of a token or the price of a token unit over time. To change the chart you can use the toggle button in the right corner of the chart. You can choose multiple time frames, from 1 hour - 1 year or the whole time.

[4] Token Information overview.

[5] Token transaction history on the wallet address you are choosing. You can click on each transaction to check the information on Explorer tools such as BscScan, EtherScan, ....

Besides the three main features mentioned above, Coin98 Exchange also offers an additional set of utility tools called Coin98 Terminal.

How to use Coin98 Terminals

Coin98 Terminal (Utilities) is a set of utility tools to enable users to easily become a part of the DeFi world in a convenient way, including Token Issuer, Multi-send, and Multisig (coming soon).

Token Issuer

Token Issuer is a feature that allows users to issue their own tokens easily and conveniently. Currently, Token Issuer is supporting on 3 main chains: Ethereum, HECO, and Binance Smart Chain. In the near future users can also experience this tool Tron (TRC10) and Solana.

To issue a new token on Token Issuer, follow those steps:

On the Products navigation bar at the top of the page, select Coin98 Issuer or visit the link: terminals.coin98.com/issuer

Step 1: Select the network that you wish to issue tokens, in this example I chose the HECO Chain (HRC20). The system would find your respective chain wallet.

Step 2: Fill in the following information:

  • Token name: The name of the token
  • Token symbol: The symbol of the token in upper case (cannot be more than 5 characters).
  • Total supply: The total amount of tokens you wish to issue.
  • Decimal Points: The number of decimal places in the token's unit.

You can consider two options after issuing the token:

  • Token Burn: This check specifies whether your tokens can be burned to decrease the supply
  • Token Mint: This check specifies whether your tokens can be created to increase the initial supply.

You can choose or not choose both options but bear in mind that if you don't choose any, your initial aggregate supply will not be allowed to change.

  • Token logo: Click on the plus icon to upload the token's logo.
  • Owner Address: The address receiving the issued tokens. The system will automatically fill in the connected wallet address but you can still use another wallet address.

Note: When issuing, the token issue fee is still charged on the connected wallet.

To change the address of your connected wallet, you can do the following steps:

  • Select the wallet address on the top right corner of the screen.
  • Select the wallet you want to connect.

Step 3: Click Issue.

Step 4: The system will ask users to pay a network fee to issue tokens.

Users need to prepare enough fees for this step. If you agree, click Confirm on the pop-up confirmation.

There will be a pop-up announcement in the bottom right corner to redirect you to EtherScan/BscScan/Hecoscan to view your token information.

Multisend

Multi-send is a feature allowing users to send coins/tokens to multiple addresses at the same time, on the following blockchains: Ethereum (ETH & ERC20 Tokens), Binance Smart Chain (BNB & BEP20 tokens), and Solana (SOL & SPL Tokens).

To access Coin98 Multisend, click on the Products navigation bar at the top of the page, select Coin98 Multisend or visit the link: terminals.coin98.com/multisend

The main interface of Coin98 Multisend has the following sections:

To experience the Multi-send feature, you can follow these steps:

[1] Navigation to other Coin98's sites, products and AMMs of Coin98 Exchange.

[2] Some built-in utilities:

  • The Search bar: Search the tokens with their names, symbols, or smart contract addresses.
  • The Gas station icon: Real-time Gwei.
  • The Moon icon: Light and dark interface settings.
  • The Lock icon: Lock/Unlock the wallet.
  • Wallet management and receiving/sending functions.

[3] The wallet selection area.

[4] The token selection area.

[5] The main area to send tokens.

In the area where you can send tokens, follow those steps:

Step 1: Enter the recipient's wallet addresses. There are 2 ways to do it:

  • Enter each wallet address manually (Recipient 1, 2, 3,...) and the corresponding deposit amount (Amount) in each box.
  • Select Import. Enter the amount of tokens/ coins following the syntax: wallet address?number,wallet address?amount

Eg: 0xbe80ceed72e1798c631fcd92f611367abd7f836f?0.5, 0x52c12e10f181f801324ed3c3cd6d17f58a93e6b8?1, 0x5a7b52cf2f59d072aa38dee1107612ad656e048e?0.75

Step 2: Slide the gas bar to reach the desired gwei → Click Send to complete.

If you agree with the sending information, click Confirm.

After sending successfully, you can access the Token History on Coin98 Extension Wallet or Coin98 Portfolio to view your transactions.To view further information of the transactions, you can also check on Explorer browsers (Etherscan, BscScan, ...).

Note:

  • The default gas fee on Coin98 Wallet has been set for the highest speed with the most reasonable cost.
  • Gas fees on Ethereum are paid with ETH, on Binance Smart Chain are paid with BNB and on Solala are paid with SOL. Therefore, users need to have a proper amount of ETH, BNB, SOL for the gas fees.
  • The multi-send feature on Ethereum and Binance Smart Chain can be applied to an unlimited number of addresses.
  • The multi-send feature on Solana can be applied to 20 addresses.
  • To enhance user's experiencesCoin98 Wallet allows users to send SOL to multiple addresses and send SPL tokens to SOL addresses natively without having any SOL in the wallet.
    • If the receiving wallet's balance > 0, the system will automatically retrieve and create an SPL wallet for the users.
    • If the receiving wallet's balance = 0, the system will automatically ask the sender to pay a fee to create a new SPL wallet for the recipient.

Upcoming features on Coin98 Exchange

Besides the outstanding features that I introduced above, in the future, the Coin98 Exchange universe will also launch the following features:

  • Integrating more new blockchains: Based on the current multi-chain engine platform, in the future Coin98 Exchange will make efforts to connect with new blockchains enabling users to experience most of DeFi services in the most seamless way..
  • Aggregating liquidity from reliable sources on multiple blockchains: The increase in the diversity of liquidity sources helps Coin98 Exchange optimize the slippage tolerance as well as transaction fees, making trading on DeFi easier.
  • Launching Multi-chain Staking and Yield Farming: Allowing users to stake and farm both LP tokens and single-sided tokens on multiple blockchains, enabling users to easily receive attractive rewards.
  • Launching Cross-chain Swap (Space Gate): Supporting users to swap and transfer assets between different blockchains. More specifically, Space Gate will build bridges to swap native tokens, instead of wrapping tokens.
  • Adding Multisig and Revoke features to Coin98 Terminal:
    • Multisig is a multi-signature wallet - a feature that enhances asset security, allowing users to store assets more securely.
    • Revoke is a feature allowing you to inspect all the contracts you've approved to spend money on your behalf and revoke their access for the ones you no longer need.
  • Providing access to NFTs: Besides supporting coins/tokens on 25+ different blockchains, Coin98 Exchange will offer users an easy way to store, send and receive all NFT assets in one place and in the safest and most convenient way.

Stay tuned for the guides on how to use these features in the next articles.

Why you should use Coin98 Exchange?

For both the newbies and the DeFi experts, Coin98 Exchange offers you outstanding features:

A complete ecosystem with Multi-chain technology at the core

Coin98 Exchange is a product that is growing in breadth, aiming to support all services of the DeFi market.

Coin98 Exchange currently supports swaps on 7 AMMs on the leading blockchains (Ethereum, Binance Smart Chain, HECO, Avalanche C-Chain, Polygon). In the future, Coin98 Exchange is expected to integrate more AMMs and cross-chain bridges on different blockchains to give users the opportunity to experience the DeFi world to the fullest.

Besides, the absolute compatibility of the Multichain Wallet Engine between Coin98 Wallet and Coin98 Exchange will help you experience the unique "Always Connected" feeling.

Gas fee optimization

Coin98 Exchange automatically optimizes token swap rates, transaction fees, and speeds for users. At the same time, users can also manually adjust the gas fee by sliding the gas fee bar following their needs.

Simple, easy to use

With an intuitive, user-friendly interface, users can easily capture market information and trading information via clear price graphs, gas fees, Slippage tolerance, price impact, token information, .... Coin98 Exchange assists new users in quickly getting acquainted and using DeFi products effectively.

Customer Service

Coin98 Exchange has a Customer Service team in 12 different languages, online 24/7 on multiple platforms, including 12 communities for 12 languages ​​on Telegram.

Final Thought

Through this article, I hope that you have gained an overview of the basic steps to trade on Coin98 Exchange. I believe the features integrated on this All-in-one platform will bring users optimized speed at the lowest cost possible.

If you have any questions or get into trouble using Coin98 Exchange, please feel free to comment below and join Coin98 Community to discuss your problem with admins!

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Diệu Đặng

Dieu Bui

<p>Take risk and you'll get the payoffs!</p>

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