To swap coins or tokens:
- Select the Swap tab.
- Then, select the layer in which you want to swap assets, using the layer dropdown.
- The layer you select will affect the available token pairs for swapping.
- Next, select the coins or tokens you want to swap between, and the amount you want to swap. The Loopring Decentralized Exchange or 0x API will provide a quote. Click Preview Swap.
- Then, select the Confirm Button.
- If swapping on Layer 2, your swap will complete instantly. If swapping on Layer 1, the speed of your swap and your gas fees will depend on the congestion of the Ethereum Main Network. See below for an explanation of gas fees.
When swapping on Layer 1, your fees will likely be higher than Layer 2. This is due to the nature of the Ethereum blockchain - The base layer is more congested, causing higher fees and longer delays, so Layer 2 solutions were developed to reduce fees and transaction times. It is typical to see swap fees of $60 or more on Layer 1. Gas fees are not controlled by GameStop, and GameStop does not collect your gas fees.
Swaps within the GameStop Wallet are handled by 0x (Layer 1) or Loopring (Layer 2).