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Quick Trades: trading in one tap

How Quick Trades works in the app, what a preset chip does, the two checks that still appear, and where the settings are.

Written by Klutch

Quick Trades is built to trade in one tap. Open the panel with the lightning bolt next to Buy and Sell, then tap a preset like 100% and the order sends straight away, with no slide step.

The slide to confirm is on the regular buy and sell screen.

Quick Trades is in the fomo app on iOS and Android. If you don't see it on a token page, update the app from the App Store or Google Play.

Where it is

On a token page, tap the lightning bolt button next to the Buy and Sell buttons to open the Quick Trades panel; it reads Close while the panel is open.

The panel has a row of Buy preset chips, a row of Sell preset chips when you hold the token, and your available cash, and the same panel is available on an open position.

How a quick trade works

A buy chip buys that amount of the token from your cash balance. A sell chip sells that percentage of your position. There is no amount to type, the buy and sell screen never opens, and there is no slide or confirmation step.

A chip is greyed out when your cash is below that amount, when the trade would be under the minimum for that network, or when buying is unavailable for the token. It never buys a smaller amount instead.

The default sell presets are 25%, 50%, and 100%, so one tap on the 100% chip sells your whole position. Nothing in the settings adds a confirmation to a quick trade.

A quick trade is a completed trade on the blockchain like any other. The proceeds of a sell go to your cash balance and the trade can't be reversed.

When a quick trade asks first

Two checks still appear on a quick trade:

  • A buy on a token with a severe warning label that you haven't traded before asks you to confirm with "I understand the risks".

  • A review step appears when the price impact of the trade is worth a warning or is high, or, on an EVM network, when the network fee is high. At the warning level you can tick Don't show again for this token. When the price impact is too high, the trade is refused instead.

Settings

Tap the settings icon on the Quick Trades panel to open Quick Trades settings. There you set three Buy amounts, three Sell amounts as percentages, and your slippage, then tap Save. Reset to default appears once you have changed something.

Slippage here works the same way as on the regular trade screen: Auto lets the app pick a tolerance for each trade, and a custom value is the most price movement you will accept before the trade fails instead of filling.

The web app has its own one-tap presets, separate from these. The Buy and Sell buttons in a Discover token window open preset rows, and those presets are set in Swap settings.

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