JetSwap Decentralized Exchange Review

JetSwap is a decentralized AMM based on multiple blockchains. It offers traders full control over their assets and lower trading fees compared to other exchanges. You don’t need to set up an account to conduct trades on this platform.

JetSwap overview

Let’s look at the principal features of this platform:

• Cryptocurrencies supported

You can simply connect your wallet and start trading, swapping tokens in an instant. Some of the supported coins include BNB, ADA, ALICE, ALPACA, ALPHA, BUSD, CAKE, DANGO, KALA, and INJ.

• Native token

The platform has its own native token known as WINGS. You can deposit tokens in the WINGS farm to earn rewards.

• Funding methods

Like any other exchange, you need to hold coins in your wallet to conduct a swap. While adding liquidity, you need both the coins for the pair you are adding.

• Wallets supported

Without connecting your wallet, you cannot conduct transactions. The wallets supported by this DEX include Metamask, TrustWallet, TokenPocket, and others.

How does JetSwap work?

Here are the various actions you can perform on this exchange:

1. Swapping and trading

You can conduct trades via Polygon and BSC. These two chains have different swap fees. While swapping, you can select the slippage tolerance and the transaction deadline. 

2. Adding liquidity

By adding tokens to liquidity pools, you can become a liquidity provider. This will give you a certain number of LP tokens based on your portion in the liquidity pool. You can remove your liquidity at any time to redeem your funds. Liquidity providers are incentivized in the form of trading fees. However, there is a risk of impermanent loss.

3. Yield farming

You can earn WINGS tokens by providing liquidity through the staking of JetSwap LP tokens. There are different rewards multipliers for different assets.

4. Taking part in the lottery

You can purchase a lottery ticket using WINGS or pWINGS between draws. This will give you a single entry. If the number on your ticket matches the winning number, you will earn a large number of WINGS or pWINGS. Even if you match 2 out of 4 numbers, you will still win a prize. The fee for a single ticket is 10 WINGS or pWINGS. 

What can you buy on JetSwap?

This exchange runs on three blockchains, namely Polygon, Fantom, and Binance Smart Chain. These chains are designed for cheap and swift transactions. Some of the popular tokens on this platform include WINGS, BNB, FUEL, FTS, BUSD, USDC, BHC, USDT, CAKE, LORY, TUSK, GUARD, GRAND, and SHIB.

Is JetSwap safe?

This platform’s code was forked from Pancakeswap and this code has been audited by Certik. Other firms like Hash0x and Ether Authority have also audited the smart contract of this exchange. No critical or high severity issues were found in the smart contract.

User reviews

We were unable to find any user reviews for this DEX platform on third-party websites. The lack of authentic user reviews indicates a lack of reputation. 

JetSwap fees, compatible wallets, and transactions

The trading fees depend on the chain through which you are conducting the transaction. For BSC, the fee is 0.3%. From this, 0.25% goes to the liquidity providers and the rest is sent to the treasury. The fee for Polygon and Fantom is the same at 0.1%. From this, 0.05% goes to the liquidity providers and 0.05% is sent to the treasury. This platform supports wallets like Metamask, TrustWallet, MathWallet, TokenPocket, WalletConnect, Binance Chain Wallet, and SafePal Wallet. 

What are the ways to trade on JetSwap?

To trade tokens on this platform, you need to select Trade from the right-hand pane and then navigate to Exchange. Here, you can choose the token you wish to swap and the one you wish to receive. You can also view your recent transactions and change the slippage tolerance and transaction deadline.

Customer support

The official JetSwap Telegram channel has 21,595 members. You can join this channel to seek help from community members. There is no dedicated customer support team as of now. If you are in urgent need of help, you can check the Docs or the Blog section for information on the exchange. 

Should you trade with JetSwap?