Trading on Dexchange — Order book DEX on zkEVM

Dexchange
5 min readSep 14, 2022

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Dexchange is an order book DEX that provides users with a high-speed self-custodial, decentralized trading platform having competitive and transparent pricing, ultra-low slippage, near zero gas fee, and full security of Ethereum. Dexchange is built on zk-rollups, which allows users on the zk-rollup ecosystem to enjoy a CEX trading experience.

To make it convenient for users to test, we have outlined the steps in details below:

A. Obtain Free Testnet Tokens (Goerli ETH)

We are using Metamask wallet for demo purposes

Step 1: Add zkSync Testnet to Metamask wallet by following theinstrictions at https://v2-docs.zksync.io/dev/testnet/metamask.html

Step 2: Now visit https://portal.zksync.io/ and click on MetaMask to connect your wallet

Step 3: Claim your Free Testnet tokens: Once connected, you will see your MetaMask wallet address on bottom right corner of page. Then, click on ‘Faucet’ and click on ‘Request Funds from Faucet’

zkSync will direct you to an auto-generate post on Twitter stating that you are claiming testnet tokens for zkSync v2. Tweet the same and get back to https://portal.zksync.io/. You should see your test tokens received in your wallet within 2 - 3 mins

Next, try the speedy trading experience on Dexchange after you successfully got some free ETH on zkSync!

C. Trading on Dexchange

In case you prefer a video tutorial, here you go:

Step 1: Go to Dexchange Testnet Link: https://app.dexchange.live/

Step 2: Select Testnet Network: Select ‘zkSync 2.0 testnet’ from dropdown on top at center of page and then connect your wallet to Dexchange by clicking “Connect wallet” on the top right-hand corner.

Step 3: Connect Wallet — Once you click the “Connect wallet” button this will trigger the Metamask extension in your browser and automatically ask a confirmation for switching to ‘zkSync Alpha Testnet’ if you are on some other network. Click “Connect” on the Metamask pop-up window.

After you have successfully connected your wallet to Dexchange, your wallet address and balance will be displayed at the top right hand corner.

Step 3: Deposit tokens to your Dexchange wallet from Metamask Wallet— Select the Market from top left corner to choose your trading pair. Enter amount you wish to transfer to your Dexchange Wallet and then click “Deposit”.

Step 4: Confirm deposit transactions: The Metamask window will pop up to give permission to transfer the amount to your Dexchange wallet. Check the amount and click ‘Confirm’ to approve this permission request. Once permission is granted, Metamask window will pop up again, with estimated fees of the transfer. Double check the details and gas fees and click on ‘Confirm’.

Once the transactions are confirmed, a pop-up will appear at the bottom right corner of screen stating ‘Transaction Successful’ with explorer link of transaction. Use can click on the link to see the transaction on explorer as well.

How to trade

Step 1: Select trading pair — Tap “Select Market” to choose the cryptocurrency pairs you want to trade

Step 2: Order type — Now you need to choose which type of trade you want to make. We offers 2 order types at the moment:

Limit Order allows you to place an order at a specific price. A buy Limit Order will be filled if the price matches or is lower than your limit price, and a sell Limit Order will be filled at or higher than your limit price.

Market orders are matched immediately at the best available price on the orderbook.

Step 3: Place Limit or Market orders — For Limit orders, enter both the ‘Buy Amount’ and ‘Buy Price’, whereas for Market Orders, enter ‘Buy Amount’ and then click on ‘Buy Order’.

Step 4: Confirm the transaction on Metamask pop-up window. Just 1 confirmation needs to be provided for the order to be placed.

Open Orders, Order History and Executed Trades— Details of both ‘Open Orders’ and ‘Executed Trades’ can be reviewed from the screen and even transaction hash will pop up on the bottom right corner of screen.

Hope you enjoy the speedy trading experience with us. Please feel free to open a ticket at at our Discord, if you want to give us feedbacks or you need any support from us.

Dexchange:

Website: https://www.dexchange.live/

Testnet: https://app.dexchange.live/

Discord: https://discord.gg/K8JNETtw73

Twitter: https://twitter.com/dexchange_live

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Dexchange

Order book Decentralized Exchange (DEX) on zkEVM (zkSync 2.0)