So, what is SushiSwap?
SushiSwap is an entirely community-driven decentralized exchange built on the Ethereum network. The exchange offers a platform for anyone to swap cryptocurrencies.
SushiSwap is an automated market maker, meaning that it allows users to trade cryptocurrency tokens, but there are no central authorities managing the trades. Instead, SushiSwap automatically sets prices using mathematical formulas.
SUSHI is the governance token for SushiSwap. It enables community governance over the Sushi ecosystem. This means that SUSHI holders can use their tokens to vote for platform proposals to further ecosystem initiatives.
For more information on SushiSwap, you can visit their official website here -https://sushi.com/
How to buy or sell SUSHI on CoinMetro
How to receive/deposit SUSHI
For all in-depth information on how to deposit SUSHI into your CoinMetro account, please click here.
If you're depositing from another exchange, it is important to ensure they support sending funds to ETH contracts, or use a full ETH wallet as an intermediary.
Note: As CoinMetro uses smart contracts for Ethereum and ERC-20 token deposits, the amount of gas required is slightly higher than a typical transfer. To be sure that your transaction is successful, please set the transaction gas limit to 55,000 for ETH. The fee difference is minimal. If your gas limit is too low, the transaction will simply be rejected by the Ethereum network. There is no risk for loss of assets caused by a too low gas limit.
How to send/withdraw SUSHI
For all in-depth information on how to withdraw SUSHI from your CoinMetro account, please click here.
Important Note - To request a withdrawal, your account profile needs to be verified as well as having the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be verified via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.
Withdrawals waiting for approval can be cancelled and withdrawal status can be found by selecting the wallet on the GO! Dashboard. Approved withdrawals cannot be cancelled. If there is no Cancel button, there should be a transaction ID (TXID). This is a link to the relevant tx hash (Transaction Hash) on a blockchain explorer website.
We hope this article has given you all the information you need on buying, selling, depositing and withdrawing SUSHI.
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