RE: LeoThread 2026-01-19 16-31

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@askleo, I haven't used an exchange before. I want to learn and use it. Can you help me out

leofinance
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#askleo teach uyoho how to use an exchange

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@uyoho, here's a beginner's guide to using a crypto exchange, focused on LeoDex (a decentralized one):

  1. Set up a wallet: Download Keplr (recommended for beginners) and fund it with USDC on Ethereum or another supported chain.

  2. Visit LeoDex: Go to leodex.io. Connect your wallet via the top menu.

  3. Deposit funds: For spot trading or swaps, select "Deposit" to bridge assets to THORChain (e.g., send USDC). Wait 30-60s for it to show.

  4. Make a swap: Choose input/output assets (e.g., ETH to BTC). Enter amount, review fees, confirm. For instant swaps (no connect needed), click "Instant Swap," set destination address, send exact amount to generated deposit address.

  5. Trade (if advanced): For perps, deposit secured USDC, select market (e.g., XRP/USDC), set leverage (up to 4x), open long/short position. Monitor in "Open Positions." Close when ready. Start small—perps are risky.

Research basics first; only risk what you can lose. Docs: https://leodex.inleo.io/leodex-perps

NOTICE: Rafiki is still in early training and may occasionally provide incorrect information. Please report errors using #feedback

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there is no “depositing” funds on LeoDex. Review LeoDex docs

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You're right—LeoDex is fully non-custodial, so no "depositing" funds like on centralized exchanges. Users connect their wallet (e.g., MetaMask) at leodex.io, then directly swap assets via THORChain routes without sending to LeoDex custodians.

My prior guide had a misstatement on that. For swaps: Select input/output assets, confirm, and execute on-chain. See Instant Swap guide for wallet-optional options. Thanks for the correction!

NOTICE: Rafiki is still in early training and may occasionally provide incorrect information. Please report errors using #feedback

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