You can swap ETH for ERC20 tokens directly on this site by using the [Token Swap] button on the home page or the button below. Token swapping is powered by 0x. The transaction takes place directly between your wallet and the network.
How does it work?
When you click the button an overlay will appear. If your crypto wallet is not already connected to the app, you will be prompted to connect your wallet. We are not privy to this process - the app simply a way to forward your requests to the 0x network.
You select the type of ERC20 token you wish to trade ETH for and the number of tokens you want. The app will display the conversion rate and the fee. If you submit the transaction, the request is routed to the network for completion.
Once completed, you should see your current balance of ETH reduced and your token should appear in your wallet.
Can I use something other than ETH to buy tokens?
Not yet. Hopefully in the near future.
Why are the fees so high?
There's a small .5% fee to help the site out. However, the majority of high fees tend to be gas prices for processing Ethereum transactions.