> ## Documentation Index
> Fetch the complete documentation index at: https://docs.anchorage.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Swaps

> Swap assets directly within Porto.

## Swapping on Porto

Swap tokens directly on Porto by Anchorage Digital, powered by the Uniswap protocol. Swapping is trading one token for another within the same blockchain.

### How to swap tokens (web dashboard)

<Steps>
  <Step title="Navigate to the Swap page">
    In Porto, go to the **Swap** page from the left navigation.
  </Step>

  <Step title="Select your sell token">
    Select your **Sell** token from the modal. The modal displays all tokens grouped within wallets of your organization.
  </Step>

  <Step title="Select your buy token">
    Select your **Buy** token. The buy token list is pre-filtered by the network of your sell token.
  </Step>

  <Step title="Enter an amount">
    Input a sell or buy amount to generate a quote. Review the quote details including fees, price impact, slippage, and route.

    <Note>
      The quote refreshes every 10 seconds.
    </Note>
  </Step>

  <Step title="Initiate the swap">
    Click **Swap** to initiate. Swaps must be signed within 30 minutes of initiating the transaction.
  </Step>
</Steps>

### Setting a token allowance

When initiating a token swap for the first time from a wallet, you will be prompted to set a token allowance:

<CardGroup cols={2}>
  <Card title="Unlimited">
    Allows Permit2 to access your entire token balance for future swaps without requiring further allowance approvals.
  </Card>

  <Card title="Exact amount">
    Allows Permit2 to access only the swap amount. Future swaps will require a new token allowance to be approved.
  </Card>
</CardGroup>

### Tracking recent transactions

Track your recent swap activity via the **Recent transactions** widget on the right side of the Swap page. Transactions are sorted by initiated date and time, with the most recent at the top.

Expand each transaction to see the status and next steps. Each step corresponds to an operation—click **Details** to view the full operation details. All transactions initiated within the last 48 hours are displayed in this list.

## Swap concepts

<CardGroup cols={2}>
  <Card title="Fees">
    Swaps require gas fees, like other blockchain transactions. All applicable fees are displayed in the quote before you execute the swap.
  </Card>

  <Card title="Max slippage">
    The maximum price change allowed before your transaction automatically fails, protecting you from unexpected price movements.
  </Card>

  <Card title="Price impact">
    How the trade will affect the market price of assets in the liquidity pool.
  </Card>

  <Card title="Route">
    The path the trade will take, automatically calculated to find the best price based on your preferences.
  </Card>
</CardGroup>