PaySwap
English
English
  • PaySwap Intro
    • Get Started
      • Create a Wallet
      • Get Tokens
      • Using PaySwap without Centralized Exchanges
      • Connect Your Wallet to PaySwap
      • Sell/Buy Native Tokens
    • Click Here for Help
      • Troubleshooting Errors
      • What is an Approval Transaction?
      • Fixing Stuck Pending Transactions on MetaMask
  • 🐲Leviathans
    • 👚Apparel, Beauty & Cosmetics Leviathan
    • 🚰Beverage Leviathan
    • 🎥Culture & Entertainment Leviathan
    • 🔌Energy Leviathan
    • 🥕Food Leviathan
    • 😷Healthcare Leviathan
    • 🪖Law & Order Leviathan
    • 🪓Mining Leviathan
    • 😈NSFW Leviathan
    • 🏠Real Estate Leviathan
    • 💻Software, Telco & Other Leviathan
    • 🚌Transportation Leviathan
    • 🏦The Money Bank
    • NWO
  • Products
    • 🌉ARPs
      • Manual ARPs
        • Setting Up Your Company's Payroll
        • Setting Up A Tontine
        • Selling Shares In An Asset
      • Percentage Based ARPs
        • Roommates Paying Bills Together
      • Automatic ARPs
      • Minting & Claiming Notes
    • 🟪Auditors
      • Natural Resource Audits
      • SSID Audits
      • Tokenizing Real Estate
      • Tokenizing Personal Posessions
      • Nature Tokens
      • Bounty Hunters
    • 🔮Betting Contracts
      • Bets without alphabet-encoding
      • Bets with alphabet-encoding
      • Partner Betting Events
    • 💧Bills
      • Taxes
      • Bookkeeping
      • Bank Accounts
      • Selling Shares In An Asset
    • 🖼️CanCan
      • Products/Services
        • Listing Products/Services
        • Buying Products/Services
          • Buying With Your Wallet
          • Buying Through The Stake Market
          • Selling Through The Stake Market
          • Buying Through Valuepools/DAOs
      • Articles
        • Listing Articles
        • Tipping Writers
      • Paywalls
        • Listing Paywalls
        • Adding Items To Paywalls
        • Removing Items From Paywalls
        • Partnering With Paywalls
        • Buying Paywall Subscriptions
        • Activating Paywall Subscriptions
      • NFTickets
      • Discounts & Cashbacks
        • Discounts
        • Cashbacks
        • Manual Rewards
      • List Partner Valuepools
      • Announcements
      • Reviews
      • Dynamic Pricing
      • Partnerships
      • Memberships
      • Identity Requirements
      • Sponsorships
      • Auctions & Bids
      • Drops
      • Votes
    • 🧑‍⚖️dRamps
      • Adding A Token Market
      • Deploying & Adding An Extra Token
      • Activating A Token Market
      • Update Prices On A Token Market
      • Automatic Ramps
        • Minting tFIAT Tokens
        • Burning tFIAT Tokens
      • Manual Ramps
        • Minting tFIAT Tokens
        • Burning tFIAT Tokens
      • Sponsor Ramp
      • Sell/Buy Native Tokens
      • Ramps Valuepool
      • Partnerships
      • Bootstrapping
      • Selling Token Markets
      • Use Cases
        • Paying For Tuition
        • Paying For Products/Services
        • Remittances
        • Forex
        • Blockchain Bridge
        • Store of Value
    • 🖼️eCollectibles
      • The Default Minter
      • Custom Minters
      • Listing Pre-Minted NFTs
    • 🔄Exchange
      • Token Swaps
      • How to Trade
      • Fees and Routes
      • Liquidity Pools
      • How to Add/Remove Liquidity
      • FAQ
    • 🧈Future Collaterals
    • 🎮Games
      • Game Objects
      • Game Scholarships
    • 🎟️Lottery
      • How to Play Lottery
      • Lottery FAQ
      • Marketplace Lottery
      • FT Lottery
      • NFT Lottery
    • 💳PayCards
      • MarketPlace Purchases
    • 🐞Profile
      • Building Your Social Graph
      • Transferring Money
      • Credit Reports
      • Security & Others
    • 💹Revenue Sharing
      • Accelerator
      • Businesses
      • Contributors
      • Referrals
    • 🍯Sponsors
    • 🍏SSI
      • Creating Data
      • Creating An SSID
      • Creating A Unique Profile
    • 📈StakeMarket
      • Buying A Listed Product
      • Call For Tenders
      • Collateralized Loans
      • Stake Applications
      • Litigations
    • 🖥️TrustBounties
      • FT Bounties
      • NFT Bounties
      • Approvals
    • 🌐ValuePools/DAOs
      • Minting An NFT Token
      • Sponsoring A Valuepool
      • Shopping With A Valuepool
      • Lending & Investing With A Valuepool
      • Creating A Proposal
    • 👾Wills
      • Setting Up Your Will
      • Using Wills For Storage
    • 🛍️Worlds
      • Red Pill Worlds
      • Blue Pill Worlds
      • Green Worlds
  • Use Cases
    • CanCan
      • Item MarketPlace: Amazon
      • Item MarketPlace: Rentals
      • Talent MarketPlace
      • AirBnB
      • Ride Hailing
      • Delivery App
      • Rent The Runway
      • Subscription App
      • Dating App
      • Friend.tech
      • TeleHealth
      • Product Remixes
    • Valuepools
      • BNPL App
      • Group Investment App
      • Insurance App
      • Marketing App
      • Savings App
    • ARPs
      • Budgetting
      • Group Vacation Planning
      • Proxy Investment
      • Spend Management
      • Loan Management
      • Rent Management
      • Tipping
      • Play & Earn Loan Management
    • Bills
      • Flexible Loan Management
      • Bill Payment
      • Taxes
      • Proxy Investment
    • Auditors
      • Address Verification
      • Identity Verification
      • Luxury Item Authentication
      • Awards & Trophees
      • Credit Wothiness
    • Games
      • Play To Earn For Your Game
      • Play To Earn For Tripe A Game
      • Betting
    • Betting
      • Stock Market
      • Sports
      • General
      • Companies
      • Swaps
    • Lottery
      • Data Collection
      • Sale Incentive
    • SSI
      • Supply Chain
      • Medical Records
      • Zero Knowledge Proofs
      • Background Checks
      • Single Sign-On
    • StakeMarket
      • Pre Sales
      • Construction Contract
      • Collateralized Employment Contract
    • TrustBounty
      • Volatility Hedge
  • Governance & Tokenomics
  • Culture & Vision
  • RoadMap
  • Developers
    • Smart Contracts (EVM)
      • PaySwap Exchange
        • v3 contracts
          • PancakeV3Factory
          • SmartRouterV3
            • V3SwapRouter
            • V2SwapRouter
            • StableSwapRouter
          • NonfungiblePositionManager
          • PancakeV3Pool
      • MasterChef
        • MasterChef V3
      • dRamps
        • dRamp Contract
      • Lottery
        • Lottery Contract
  • Team
  • Contact Us
    • Customer Support
    • Social Accounts & Communities
Powered by GitBook
On this page

Was this helpful?

  1. PaySwap Intro
  2. Click Here for Help

What is an Approval Transaction?

PreviousTroubleshooting ErrorsNextFixing Stuck Pending Transactions on MetaMask

Last updated 1 year ago

Was this helpful?

The first time you swap or add liquidity, you have to approve the token you are swapping. This gives the PaySwap smart contract permission to swap that token from your wallet.

The approval transaction allows PaySwap permission to swap the token from your wallet. You have to complete an approval transaction for every token you want to swap using PaySwap.

Here is a guide on how to complete an approval transaction:

  1. Enter your swap details.

  2. Select “Confirm swap” after reviewing swap details.

  3. In your wallet app or wallet extension, approve the spending for the token you are swapping.

Allow the token to be used for swapping in your wallet.

Your wallet may require you to enter the number of tokens you want to approve. Please enter a number that is greater than or equal to the number of tokens you are swapping.

  1. After the approval, another transaction will appear which asks you to confirm the swap.

  2. Once the swap is confirmed, the transaction is submitted to the blockchain (pending).

  3. You will see “Success” and a green checkmark on the screen when the transaction is successfully completed.

The token approval lasts for a certain period of time, the token will have to be approved again later with a signature request. An approval signature does not require a network fee.