Etherscan transaction | Bitcointalksearch.org

Ararbermas

sr. member

Activity: 2016

Merit: 283

Quote from: Mateausas on October 08, 2021, 08:47:06 AM

Hello guys, hope you can help me with this one, since I am still learning about researching transactions.

As I understand, for ERC20 tokens the approval is necessary for the smart contracts to kind of "access" and use your coins for swapping them. However, does this mean (please see the imgur link for the photo) that ether was already swapped into WETH and then into PHTR and the last transaction OUT of the wallet was already sent to another wallet as PHTR, but not as ETH? Or approvals do not mean that the ether was swapped?

Thank you very much, I hope you can help to answer this

https://imgur.com/a/S5Crb4M

if you see such history it means the owner of that address used swap sites, and for your information you can now swap into different coins wherein even you're using a trust wallet. it works base on my experience so perhaps in other sites it will work as well if you using different wallet. wherein without using your private key, just connect your wallet and confirm it to your main wallet to have an access to any swap sites. By the way make research how to process your coin to another asset because in my view probably there's a different way how to convert every crypto especially when it comes each of the swap site in the internet.

Azar138

sr. member

Activity: 868

Merit: 253

Approval of tokens means that you allow this project to use your token. So when you want to swap a token for the first time on this or another platform, you have to approve your tokens first. So there are two transactions:one to approve tokens, another to swap.

I want to warn you that when you interact with suspicious platforms, don’t forget to set a limit of tokens that this project is allowed to use from your wallet. It is set on your Metamask.

Mateausas

newbie

Activity: 8

Merit: 7

Quote from: ryzaadit on October 08, 2021, 09:48:25 AM

Quote from: Mateausas on October 08, 2021, 09:09:38 AM

-snip-

I check your wallet.

There is no swap action on your wallet, the action is only to approved the swap contract for "WETH & PHTR" to be traded on SushiSwap but there is no trade happen on the address only approval trade swap contract address. Your ETH is send to this address : 0xEFD313b3BBb0221316E92283fe692ACC3DF82557 with transaction 0.008 ETH. If you doing trade then there will be has some information how much "ETH" you are swap and how much "PHTR" you will be receive.

But both "TX" only show token approval trade on sushiswap.

Thank you very much, this is what I needed haha! Have a good day

ryzaadit

legendary

Activity: 2660

Merit: 1261

Quote from: Mateausas on October 08, 2021, 09:09:38 AM

-snip-

I check your wallet.

There is no swap action on your wallet, the action is only to approved the swap contract for "WETH & PHTR" to be traded on SushiSwap but there is no trade happen on the address only approval trade swap contract address. Your ETH is send to this address : 0xEFD313b3BBb0221316E92283fe692ACC3DF82557 with transaction 0.008 ETH. If you doing trade then there will be has some information how much "ETH" you are swap and how much "PHTR" you will be receive.

But both "TX" only show token approval trade on sushiswap.

noorman0

hero member

Activity: 1778

Merit: 709

[Nope]No hype delivers more than hope

Quote from: Mateausas on October 08, 2021, 09:09:38 AM

Thank you for the answer. I am trying to analyze this random transaction, which is not mine. Sorry for asking again, but I found it a bit confusing, so does it mean that in this particular case it was actually first swapped to WETH and then PHTR and finally PHTR was sent to another wallet? Or it was just approved for any time in the future, but wasn't yet swapped and the last transaction of 0.005865146 ether was actually sent in Ether coin, not in PHTR coin?

"In" tx 15 days 12 hours ago are no longer included in transactions 23 days 10 hours ago.

You'd better provide the address link instead of a screenshot if you want a valid answer, really I saw the last "out" tx was .00835...ETH. Maybe the reality is different from what I see.

Mateausas

newbie

Activity: 8

Merit: 7

Thank you for the answer. I am trying to analyze this random transaction, which is not mine. Sorry for asking again, but I found it a bit confusing, so does it mean that in this particular case it was actually first swapped to WETH and then PHTR and finally PHTR was sent to another wallet? Or it was just approved for any time in the future, but wasn't yet swapped and the last transaction of 0.005865146 ether was actually sent in Ether coin, not in PHTR coin?

WalkerIVIV

hero member

Activity: 2436

Merit: 503

Cryptocasino.com

Quote from: Mateausas on October 08, 2021, 08:47:06 AM

However, does this mean (please see the imgur link for the photo) that ether was already swapped into WETH and then into PHTR and the last transaction OUT of the wallet was already sent to another wallet as PHTR, but not as ETH? Or approvals do not mean that the ether was swapped?

Approval means if you're giving access for your wallet to be connected with the contract to swap your tokens. It has nothing to do with what out put of your transaction. You're swapping ethereum for PHTR and then it was getting swapped and your ethereum already swapped to the PHTR. You must see your transaction again. It's clear that if approval has nothing to do with it. When you're giving approval for your wallet and that means you're letting your wallet to connect with the swap service. The swap service will call your wallet to interact with the contract and then contract will swap your balance.

Mateausas

newbie

Activity: 8

Merit: 7

Hello guys, hope you can help me with this one, since I am still learning about researching transactions.

As I understand, for ERC20 tokens the approval is necessary for the smart contracts to kind of "access" and use your coins for swapping them. However, does this mean (please see the imgur link for the photo) that ether was already swapped into WETH and then into PHTR and the last transaction OUT of the wallet was already sent to another wallet as PHTR, but not as ETH? Or approvals do not mean that the ether was swapped?

Thank you very much, I hope you can help to answer this

https://imgur.com/a/S5Crb4M

Topic: Etherscan transaction (Read 103 times)