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How to Trade Tokens

A step-by-step guide for first-timers 👋
  1. 1.
    Create a Solana wallet To use Orca, you need a Solana wallet, you can find a list of compatible wallets here. Orca is a decentralized protocol that facilitates trades on Solana, as Orca is non-custodial when you trade tokens the protocol will interact directly with your wallet. In this document, Phantom wallet was used for demonstration purposes.
  2. 2.
    Get some SOL Orca is built on the Solana blockchain, so you need SOL in your wallet to pay network fees. Solana network fees are only a fraction of a cent per transaction, but a minimum balance of 0.05 SOL is recommended. Your options for obtaining some SOL are:
    1. 1.
      Purchase SOL on a centralized exchange of your choice.
    2. 2.
      Purchase SOL through a fiat on-ramp service, which are integrated into some wallets.
  3. 3.
    Move SOL to your wallet If you went for the centralized exchange option you need to move the SOL to your wallet.
    1. 1.
      In Phantom click Deposit.
      ​
    2. 2.
      Type the name of the token to deposit, in this case Solana (SOL).
      ​
    3. 3.
      Click Copy to copy your deposit address.
      ​
    4. 4.
      Use this address to withdraw your SOL from the centralized exchange.
      Important: confirm that the deposit address is correct and the selected withdrawal method is Solana SPL before sending funds! It is sensible to test with a small amount first.
  4. 4.
    Connect wallet to Orca Now you have got some SOL in your wallet, you are ready to trade on Orca.
    1. 1.
      On Orca's home page, click Connect wallet.
    2. 2.
      Select your wallet from the list, or freetype its name in the box.
      ​
    3. 3.
      Click Connect.
    4. 4.
      Enter your password in your wallet dialog box and click Unlock.
      ​
  5. 5.
    Trade on Orca Your wallet is connected and you are can trade. On the far left of the page you can see the type and number of tokens in the wallet.
    1. 1.
      You can select the pair and number of tokens you want to trade in this interface.
      ​
    2. 2.
      If you want to complete the trade, click Trade.
    3. 3.
      In your wallet check the details of the trade, and if happy click Approve.
      ​