What is Verse Dex?

How to use Verse Dex

How to trade on Ethereum

How to contribute to liquidity pools and earn yield

How to monitor analytics

How to do cross-chain swaps

How to trade on smartBCH

What is the Verse DEX?

The Verse DEX, available at verse.bitcoin.com, is a full-featured decentralized exchange. It is a key component of the Bitcoin.com/Verse ecosystem, providing anyone in the world with a secure way to permissionlessly swap cryptocurrencies without having to rely on third-party custodians. You can also earn yield by providing liquidity to the Verse DEX. More information about VERSE token is available at getverse.com.

How to use Verse DEX

Connect to your favorite Web3 wallet, including the Bitcoin.com Wallet (via WalletConnect). Here’s how:

On mobile

  1. Go to Verse.bitcoin.com and select “Connect Wallet.”

  2. Choose WalletConnect as the connection method, and select Bitcoin.com Wallet.

  3. In the Bitcoin.com Wallet, approve the connection request.

On desktop

  1. Go to verse.bitcoin.com and select “Connect Wallet.”

  2. Choose WalletConnect as the connection method. This will display a QR code.

  3. Open the Bitcoin.com Wallet app, select the scanner icon, and scan the QR code that’s displayed on your desktop.

  4. Tap “CONNECT” in your Bitcoin.com Wallet app to confirm the connection.

You can also use the Verse DEX with MetaMask. Here’s a complete guide for getting set up with Metamask, and here’s how the DEX looks on desktop with MetaMask:

How to trade on Ethereum

Verse DEX enables permissionless trading on the Ethereum network. Here’s how it works:

On mobile

  1. Make sure your wallet is connected to the Verse DEX (verse.bitcoin.com) (see above for how to connect).

  2. On Verse.bitcoin.com, create your swap transaction and select “Swap Preview”.

  3. Approve the swap on your wallet.

  4. You’re done! You’ll receive the swapped asset in your Bitcoin.com Wallet when the transaction has been processed on the Ethereum blockchain.

On desktop

  1. Make sure your wallet is connected to the Verse DEX (verse.bitcoin.com) (see above for how to connect).

  2. On Verse.bitcoin.com, create your swap transaction and select “Swap Preview”.

  3. Confirm the transaction in your Bitcoin.com Wallet app.

You’re done! You’ll receive the swapped asset in your Bitcoin.com Wallet when the transaction has been processed on the Ethereum blockchain.

How to contribute to liquidity pools and earn yield

You can provide liquidity to the Verse DEX by depositing assets into liquidity pools. You’ll earn yield in the form of the fees paid by people who trade the pair. The APY for each pool is displayed in the Analytics tab (see “Monitor analytics” below).

Here’s how it works:

  1. In the “Pools” tab, select the pool you’d like to add liquidity to and select “Add.”

  1. Enter the amount you’d like to deposit. Note that you’ll need to deposit equal amounts of both assets into the liquidity pool.

  2. Select “Unlock and Transfer Funds.”

  3. Confirm the transaction in your wallet.

  4. You’re done! You’ll now earn a share of all the fees generated in your pool.

You can track your rewards in the “Pools” tab and withdraw your liquidity + rewards whenever you want.

How to monitor analytics

This is a dashboard for viewing DEX statistics such as APY, total liquidity, volume, and the most popular trading pairs.

How to do cross chain swaps

You can toggle between CEX and DEX modes, and the CEX (centralized exchange) enables cross-chain low fee swaps of popular coins on blockchain networks that aren’t yet supported by the DEX. Cross-chain swaps are facilitated by our partners Sideshift and Changenow.

Here’s how it works:

  1. From the network drop-down menu, select “Centralized” then “Connect wallets.”

  2. Choose a connection method. If you’ve already created a Bitcoin.com account, you can sign in with Apple or Google. You can also sign in to your Bitcoin.com Wallet with WalletConnect or, separately, choose to connect to your Ethereum wallets via MetaMask.

  3. Once connected, your Wallet’s assets will be shown in the Verse dashboard.

  4. Select the assets to swap, then select “Swap Preview.” This will display a QR code for a wallet address and requested amount of cryptocurrency.

  5. Scan the code in your Bitcoin.com Wallet and confirm the transaction.

  6. You’re done! You’ll receive the swapped asset in your Bitcoin.com Wallet once the transaction has been processed.

How to trade on smartBCH

Verse DEX enables permissionless trading on smartBCH, the Bitcoin Cash sidechain. For this, we recommend interacting with the Verse DEX via MetaMask. Here’s a complete guide for getting set up with Metamask.

Getting set up on smartBCH

To use the Verse DEX on smartBCH you’ll need to add smartBCH to your web3 wallet. While the VerseDEX will soon be integrated directly to the Bitcoin.com Wallet, for now we recommend trading on the Verse DEX using MetaMask.

Here’s how to set it up:

Adding smartBCH RPC to MetaMask

  1. Add smartBCH network to MetaMask

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