Features & Functionality

How do I know if my trade succeeded or failed?

Every trade shows real-time status in your Activity tab with clear states:

• Pending → Transaction submitted to blockchain

• Confirming → Processing on-chain

• Confirmed → Trade successful

• Failed → Transaction reverted (with reason explained)

You'll see notifications for each state change. If a trade fails, your funds automatically revert—nothing gets stuck. Click any transaction to view complete onchain details via block explorer.

Can I cancel a trade after clicking 'Execute'?

Once submitted to the blockchain, you can't cancel (standard for DEX swaps).

Before submitting:

• Review all details carefully

  

• Check slippage tolerance

  

• Verify token contract address

• Confirm amount

After submitting:

• Transaction either completes or reverts

• If it reverts (failed), no funds lost

• If it completes, trade is final

For large trades, do a small test trade first.

Can I set limit orders?

Not yet. Right now, it's market orders only (instant execution at current price).

Why? We're starting with the most common use case: 'I see an opportunity, I want to trade now.' Limit orders are on the roadmap. If this is critical for your workflow, let us know - user feedback helps us prioritize features.

Workaround for now: Set a Smart Alert for your target price, then execute a market order when it triggers.

Where’s the orderbook?

DEXs don't use orderbooks - they use liquidity pools. You're swapping against pooled liquidity, not matching with other traders' orders.

That's why you see:

• Estimated price (based on current pool state)

• Slippage tolerance (price can shift slightly)

• No bid/ask spread (like you'd see on Coinbase)

If you need orderbook trading, that's a CEX feature. DEXs work differently.

Trade-off:

• CEXs: Better for large trades with tight spreads

• DEXs: Better for long-tail tokens, custody control, onchain transparency

Can I trade directly from token pages?

Yes - that's one of the best features. When you're viewing a token:

1. Click 'Swap' button

2. Nansen Wallet opens with token pre-selected

3. Input amount

4. Review routes

5. Execute

All your research context (Smart Money data, holder analysis, flow tracking) stays visible while you trade.

No copying addresses. No switching tabs. No losing your place.

Do I need to move all my funds to Nansen Wallet?

We recommend only moving what you want to trade (especially during Beta Access)

Nansen Wallet is for active trading. Keep long-term holdings in:

• Hardware wallet (Ledger, Trezor)

• Your main MetaMask/Phantom

• Cold storage

Portfolio tracking works with any wallet. Add your addresses to your watchlist - you'll see everything in one view, even if funds are spread across multiple wallets.

Treat Nansen Wallet like a trading account, not your main vault.