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Verse DEX Essential Information
What is Verse DEX and how to use it
What is Verse DEX and how to use it

Learn about Bitcoin.com's decentralized exchange

Graham avatar
Written by Graham
Updated over a week ago

What is Verse Dex?

How to connect to Verse DEX

How to swap on Ethereum

Introduction to Verse Staking

Introduction to liquidity pools (Verse Pools)
​Introduction to Verse Farms

Verse DEX analytics

How to do cross-chain swaps

How to trade on smartBCH

What is Verse DEX?

Verse DEX 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. Using Verse DEX you can also:

📚 Basic information about VERSE token is available in Bitcoin.com's Learning Center here.

🔎 Comprehensive information about the Bitcoin.com/Verse ecosystem is available on the Bitcoin.com Official Blog here.

How to connect to Verse DEX

Method 1: Connect to Verse DEX via Verse Explorer

  1. Tap on the Verse Explorer icon from the Bitcoin.com Wallet app's home screen. Select Verse DEX then follow the onscreen instructions to connect and use the DEX. Read more about Verse Explorer here.

Method 2: Connect to Verse DEX via your favorite Web3 wallet, including the Bitcoin.com Wallet app (via WalletConnect).

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 app, 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 swap on Ethereum

On mobile

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

  2. Check to make sure the details of the swap are ok. You can get extra information by tapping the “Show swap details” blue text above the “Swap Preview” button. This will show you things such as the Exchange Path, Exchange Fee, and Slippage tolerance.

  3. Finally, start the swap process by tapping the “Swap Preview” button.

  4. Approve the swap in the Bitcoin.com Wallet app.

  5. 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 app when the transaction has been processed on the Ethereum blockchain.

Introduction to Verse Staking

Verse Staking is a mechanism to reward long-term holders of VERSE with additional VERSE tokens. Users who stake (deposit) their VERSE tokens in the staking smart contract are programmatically rewarded with VERSE tokens.

Please refer to this guide for more information on Verse Staking, including step-by-step instructions.

Introduction to liquidity pools (Verse Pools)

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. This feature is available in both the Bitcoin.com Wallet app and via the web at Verse DEX.

Get additional information on liquidity pools including step-by-step instructions for providing liquidity to Bitcoin.com's decentralized exchange Verse DEX here.

Introduction to Verse Farms

Verse Farms are a collection of smart contracts on Bitcoin.com's decentralized exchange Verse DEX where Liquidity Providers (LPs) can deposit LP tokens to earn rewards. Farm rewards are paid on top of the trading fees you already earn by providing liquidity. Verse Farm rewards come from the Verse Ecosystem Incentives program. Specifically, 35% of the Verse token supply is allocated to rewards distributed via yield farming, staking, airdrops, and other mechanisms.

It’s a 2-step process to yield farm on Verse DEX.

  1. Get liquidity pool (LP) tokens.

  2. Deposit those LP tokens into a farm.

  • For more information on Verse Farms, please see the Verse Farms FAQ page.

  • For step-by-step instructions on how to use Verse Farms, please see this guide.

Verse DEX analytics

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

On mobile

  1. Tap the 3 dot (meatballs) menu button in the top right corner of the DApp, and tap “Analytics.”

  2. This will take you to the Dashboard, which shows an overview of the Exchange’s liquidity, volume, top liquidity pairs, and top tokens. Scroll down to see all of these categories.

  3. You can get more detail on liquidity pairs and tokens by clicking on the Pair or Token name. For example, tapping on “VERSE-WETH” reveals information such as fees generated, number of transactions, and average trade size in the last 24 hours.

On desktop

  1. Go to verse.bitcoin.com and click on the “Analytics” tab.

  2. This will take you to the Dashboard, which shows an overview of the Exchange’s liquidity, volume, top liquidity pairs, and top tokens. Scroll down to see all of these categories.

  3. You can get more detail on liquidity pairs and tokens by clicking on the Pair or Token name. For example, tapping on “VERSE-WETH” reveals information such as fees generated, number of transactions, and average trade size in the last 24 hours.

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 app 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 app and confirm the transaction.

  6. You’re done! You’ll receive the swapped asset in your Bitcoin.com Wallet app 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 app, 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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