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 ER20, BEP20 even you're using a trust wallet. it will work base on my experience so perhaps in other sites it will work as well wherein without using your private key, i mean 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 in the market. 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