> For the complete documentation index, see [llms.txt](https://docs.realio.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.realio.finance/features/token-swap.md).

# Token Swap

The Realio **Swap** interface provides a seamless, decentralized trading experience. By integrating the **Uniswap V3** protocol, we ensure high capital efficiency and low slippage for all your equity trades.

## The Trading Experience

Trade native tokens for your favorite stocks in seconds with our optimized flow:

{% stepper %}
{% step %}

### Select Your Network

Choose from **Ethereum**, **Robinhood Chain**, or **BNB Chain**. Each network offers a unique set of assets and different gas fee profiles.
{% endstep %}

{% step %}

### Pick Your Tokens

Select the token you wish to spend (e.g., **ETH**, **WETH**, **BNB**) and the stock token you wish to acquire (e.g., **AAPL**, **NVDAon**, **TSLAx**).
{% endstep %}

{% step %}

### Get a Real-Time Quote

Our quoter engine fetches the best possible price across liquidity pools, accounting for the **0.05%**, **0.3%**, and **1%** fee tiers automatically.
{% endstep %}

{% step %}

### Execute & Settle

Click **Swap** and sign the transaction. Settlement happens instantly on the blockchain, and your new assets will immediately reflect in your Portfolio.
{% endstep %}
{% endstepper %}

## Chain-Specific Liquidity

{% tabs %}
{% tab title="Ethereum" %}
**Best for Deep Liquidity.** Trade high-volume stocks from Ondo and Backed. Perfect for larger institutional-size orders where slippage is a concern.
{% endtab %}

{% tab title="Robinhood Chain" %}
**Best for Exclusives & Fees.** Access 96+ assets native to the Robinhood ecosystem with near-zero gas fees. Ideal for frequent trading and smaller position sizes.
{% endtab %}

{% tab title="BNB Chain" %}
**Best for Speed.** Execute trades with rapid finality and low costs. Access a growing catalog of Ondo-issued equities.
{% endtab %}
{% endtabs %}

## Advanced Trade Management

Maintain full control over your trade execution with our expert settings:

* **Slippage Tolerance**: Protect yourself from price swings. If the price moves more than your setting (default 0.5%), the trade reverts.
* **Price Impact Analysis**: We provide a visual warning if your trade size will significantly move the market price relative to the current pool liquidity.
* **Transaction Deadlines**: Set a time limit for your trade to be executed, ensuring you don't trade at stale prices during network congestion.

{% hint style="warning" %}
**First-Time Trades**: You must perform a one-time **Approve** transaction for each token you wish to sell. This grants the Uniswap router permission to spend that specific token.
{% endhint %}


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