📈How to Trade/Swap
Learn how to get started trading on PRINT3R in a few super-simple steps.
Last updated
Learn how to get started trading on PRINT3R in a few super-simple steps.
Last updated
To get started, you must have a wallet installed on your browser/mobile. Some recommendations are:
To use PRINT3R, you'll have to make sure you're on the BASE network. Here's how you can get started on BASE:
Add the BASE Mainnet RPC to your Wallet here.
Navigate to Base's official Bridge, Base Bridge.
Bridge over some $ETH. You'll need this to cover gas fees for executing transactions on the chain.
Switch your wallet network to Base and wait for your assets to appear! If assets are taking a while to appear, or aren't appearing at all, you can check their status on Base's native block explorer.
Once you've got a wallet set up, you can head over to the PRINT3R app and start trading.
Simply click "Connect Wallet" and the app will detect the available assets within your wallet so you can begin trading.
Tip: Common RPC URLs often become congested and suffer from reduced speed. In order to maximize the smoothness of your trading experience, you can create a custom RPC URL using a service like Alchemy, or select an alternate one through Chainlist.
Go to the "Swap" tab on the Trade page to swap tokens. PRINT3R enables swapping any 2 supported assets with zero price impact and low fees.
Go to the Trade page.
Click "Long" if you think the token's price will go up.
Click "Short" if you think the token's price will go down.
Enter the amount you want to put up as collateral and the leverage for the position.
Tip: Below the swap box, there's an "Exit Price". This shows what your profit or loss would be if you traded right away.
Trading fees are 0.1% of your trade amount (differs from LP fees).
There's also an hourly "Borrow Fee". It varies, but will be shown below the swap box.
Prices can change before your trade finishes. You can adjust the maximum allowed amount of slippage in "Settings" (the "..." icon).
After trading, you are able to view it in your Positions list.
Click "Edit" to add or take away collateral from the position. This changes your risk level. To de-risk, add collateral to the position, and to go more risk-on, simply remove collateral from the position.
Click "Close" to finalize your trade's profit/loss.
For "Long" trades, profits are payed in the token of your choice (e.g., ETH).
For "Short" trades, profits are payed in stablecoins (e.g., USDC).
You can set automatic sell or buy orders with "Stop-Loss" and "Take-Profit" under the "Close" button.
Advanced orders might not always fulfill, as they are monitored by automatically by the platform. It's important to also monitor your open positions yourself in case this occurs.
If your trade's collateral size goes under the liquidation threshold, it'll close automatically. This risk is greater on positions with higher leverage.
Collateral can be added onto an existing position to decrease risk of liquidation, in the event that you have high conviction on your trade eventually playing out.
The trading fee associated with opening or closing a position are 0.1%. There is also a small execution fee, deducted when the platform fulfills a position request. This execution fee is required to cover blockchain costs. The execution fee will be displayed in the confirmation box when creating a position request.
If a stablecoin's price changes, it might affect your trades. Always double-check the value of your stablecoins before opening, closing or editing an active position.
Note: This is a highly simplified guide. It's important to fully educate yourself on all the intricacies before attempting to trade.
