How to Buy Tokens on DEX Safely: Check Contracts & Slippage

Buy tokens on Decentralized Exchange (DEX) increasingly become the top choice for crypto investors due to greater control over assets and higher levels of security.

Different from Centralized Exchange (CEX), DEX allows direct transactions between users without intermediaries, providing more transparency in the trading process.

However, to ensure transactions remain safe, there are several things you need to pay attention to, such ascheck token contractand settingsslippage. 

Read also:Founder Prepares Solana DEX Percolator: What Is It?

What is DEX and Why Choose It?

Decentralized Exchange (DEX) adalah platform crypto trading which allows direct transactions between users without involving intermediaries.

It operates through smart contracts which are run automatically on the blockchain, providing more trust and security compared to centralized exchanges.

Here are some of the advantages of DEX:

• Full control over assets:You retain full control over your crypto assets, without any third party managing your funds.
• High transparency:All transactions are recorded on the blockchain, making them easier to verify.
• Privacy guaranteed:DEX does not collect personal data of its users, maintaining the confidentiality of transactions.

However, to maximize the potential of DEXs, you need to know how to buy tokens on them safely. Here are the steps!

Read also:DeXRP: What is DeXRP, a Native DEX on the XRP Ledger

How to Buy Tokens on DEX: Safe Steps

1. Choose a Compatible Wallet

Before starting a transaction on DEX, make sure you have crypto wallet compatible with the platform. Wallets like Phantom, PancakeSwap, Uniswap, and others because it supports smart contracts and makes it easy to connect to DEX.

Tips:Choose a wallet thatsupports networks such as Ethereum (ETH) or Binance Coin (BNB), as both are frequently used in many DEXs.

2. Transfer Crypto to Wallet

Since DEXs don't support direct fiat-to-crypto transactions, you'll need to transfer cryptocurrency to your wallet first. You can transfer ETH or BNB from another wallet or buy at Centralized Exchange and then transfer it to the DEX wallet.

Tips:Be sure to check the network transaction fees when transferring. These fees vary depending on the network you use.

3. Choose the Right DEX

There are many DEX options that you can choose from, such asUniswap, PancakeSwap, And SushiSwap Choose a DEX that supports the token you want to buy and ensure the platform is trustworthy.

Tips:Make sure the DEX you choose has a good reputation and is widely used by the crypto community to avoid potential scams.

4. Connect Wallet to DEX

After selecting a DEX, visit the platform's official website and click "Connect Wallet". Choose Phantom, Pancakeswap, Uniswap, and more or any other wallet you use and follow the instructions to securely connect your wallet.

Tips:Always make sure that you visit the official DEX website to avoid phishing and unwanted transactions.

Read also:Perpetual Dex Airdrop 2025: 3 Perpetual DEXs with the Biggest Token Reward Potential

Slippage Settings: Why Is It Important?

What is Slippage?

Slippage is the difference between your expected price and the actual price at the time of the transaction. On DEXs, slippage can occur due to rapid price volatility.

For example, if there is a sudden price spike, your transaction may be executed at a higher or lower price than desired.

How to Set Slippage on DEX

To avoid excessive slippage, DEXs usually provide settings for slippage tolerance. This allows you to set limits on how much of a price difference is acceptable.

• Set Slippage manually:Most DEXs allow you to set the slippage between 0.5% to 5%, depending on how much market volatility you are willing to tolerate.
• Check price before confirming:Always check the price before completing a transaction. If the price is too far from what you want, consider canceling the transaction or waiting for the price to stabilize.

Tips:If the market is very volatile, it is recommended to set a higher slippage, but still be careful not to buy at a very unfavorable price.

Read also:5 Potential DEX Perpetual Tokens for October 2025: Ready to Moonbag in the Crypto Market

Check Token Contract Before Purchasing

When purchasing tokens on a DEX, always check the token contract address. This is crucial because many fake tokens can defraud investors. If you purchase an unauthorized token, you could lose all your invested funds.

Steps to Check Token Contract:

1. Find Token Contracts on the Official Website: Make sure you get the contract address from the project's official website or from a trusted source such asCoinMarketCap or CoinGecko.
2. Verification via Blockchain Explorer: Use Etherscan for Ethereum or BSC Scan for Binance Smart Chain to verify whether the contract is valid and has active transactions.
3. Read Reviews and Discussions: Look at discussions on forums or communities like Reddit to see if the token is trustworthy.

Tips:Always verify the contract of the token you want to buy to avoid buying fake tokens that can never be resold.

Read also:Perpetual DEX 2025: The Booming Trend of Cryptocurrency Contract Trading with No Expiration Date

Bittime: A Secure Crypto Trading Platform

To make safe crypto transactions, make sure to use a trusted trading platform. Bittime is a platform that provides a secure and structured trading experience. With advanced encryption features and an easy-to-use user interface, Bittime allows you to trade with peace of mind, both on DEXs and CEXs.

Sign up at Bittime now and enjoy a secure trading experience with easy access to a wide range of crypto assets!

Conclusion

Buying tokens on a DEX safely requires attention to detail, such as choosing a compatible wallet, checking the token contract, and setting slippage correctly.

By following these steps, you can ensure smooth and secure transactions on decentralized platforms.

Don't forget to always be careful, especially when it comes to verifying contracts and setting slippage tolerances to avoid getting caught in a losing transaction.

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

FAQ

What is DEX and how does it work?

DEX is a crypto trading platform that allows direct transactions between users without intermediaries, using peer-to-peer networks and smart contracts for secure transactions.

Why is slippage important when buying tokens on DEX?

Slippage indicates the difference between the desired price and the actual price of a transaction. Properly managing slippage helps prevent loss-making trades due to price volatility.

How to check token contracts on DEX?

Always make sure to check the token contract address from official sources or using a blockchain explorer likeEtherscanto ensure the authenticity of the token.

Can I buy crypto on DEX with fiat?

No, DEXs typically don't support direct fiat-to-crypto transactions. You'll need to purchase crypto on a CEX platform first and then transfer it to a DEX wallet.

What are Phantom, Pancakeswap, Uniswap, and others and how to connect them to a DEX?

Phantom, Pancakeswap, Uniswap, and moreis a wallet that supports smart contracts and simplifies connection to DEXs. Simply select the "Connect Wallet" option and follow the instructions to securely connect.