> ## Documentation Index
> Fetch the complete documentation index at: https://docs.ip.world/llms.txt
> Use this file to discover all available pages before exploring further.

# Trading

> How to buy and sell tokens on ip.world — pay assets, cross-chain routing, slippage, and common failures.

## Buy and sell

Open any token page and hit the **Trade** panel on the right. Toggle **Buy** or **Sell**, pick your pay asset, enter the amount, and confirm the wallet prompt. Done.

<Frame>
  <img src="https://mintcdn.com/ipworld/vevPRyfh-dwkSOfO/images/trading-panel-buy.png?fit=max&auto=format&n=vevPRyfh-dwkSOfO&q=85&s=291ef20133b31ed8084b28ecd980f501" alt="Trade panel — buy mode with pay asset selector" width="334" height="370" data-path="images/trading-panel-buy.png" />
</Frame>

## Pay assets

Three assets, two chains. All trades settle on **Story**.

<CardGroup cols={3}>
  <Card title="$IP" icon="https://mintcdn.com/ipworld/vevPRyfh-dwkSOfO/images/icon-ip.svg?fit=max&auto=format&n=vevPRyfh-dwkSOfO&q=85&s=23cc57e5678a25bf0ec813722fb33efc" width="24" height="24" data-path="images/icon-ip.svg">
    Native gas token on Story. Default pay asset — no bridge needed.
  </Card>

  <Card title="$USDC" icon="https://mintcdn.com/ipworld/vevPRyfh-dwkSOfO/images/icon-usdc.svg?fit=max&auto=format&n=vevPRyfh-dwkSOfO&q=85&s=e57deb58d11b953048a7e23f8373c58d" width="2000" height="2000" data-path="images/icon-usdc.svg">
    Works on both Story and Solana. Solana USDC is bridged to Story via Relay before the swap executes.
  </Card>

  <Card title="$SOL" icon="https://mintcdn.com/ipworld/vevPRyfh-dwkSOfO/images/icon-sol.svg?fit=max&auto=format&n=vevPRyfh-dwkSOfO&q=85&s=5179b0d257f8f76b7e0073391a37dd3e" width="24" height="24" data-path="images/icon-sol.svg">
    Paid from your Solana embedded wallet. Bridged to Story through Relay, then swapped.
  </Card>
</CardGroup>

When you pay with **SOL** or **Solana USDC**, the trade panel shows a Relay estimate before you sign. The actual amount can shift slightly between quote and execution due to market movement during the bridge.

If you sell a position into SOL, the SOL lands in your **Solana embedded wallet**.

## Fees

Every trade pays a swap fee — the trade panel shows the fee and your net amount before you confirm. Fees are split between the IP owner (or community treasury), UGC creators, token holders, the protocol, and the liquidity pool.

For the full breakdown, see [Coin types → Fee distribution](/user-guides/coin-types#fee-distribution).

## Slippage

Set your slippage tolerance in the trade panel before confirming. A tight setting on a volatile token will cause the transaction to revert if the price moves during the block. Loosen slippage for large trades or fast-moving markets.

<Frame>
  <img src="https://mintcdn.com/ipworld/vevPRyfh-dwkSOfO/images/trading-slippage.png?fit=max&auto=format&n=vevPRyfh-dwkSOfO&q=85&s=cc9fc92903d1a76470e06be1efe7b773" alt="Slippage setting in the trade panel" width="333" height="369" data-path="images/trading-slippage.png" />
</Frame>

## Common failures

<AccordionGroup>
  <Accordion title="User rejected">
    You cancelled the wallet prompt. Just try again.
  </Accordion>

  <Accordion title="Insufficient funds">
    You need more **\$IP** for gas, or more of the pay asset you selected. Fund your wallet from the wallet menu or the navbar deposit.
  </Accordion>

  <Accordion title="Anti-snipe limit exceeded">
    The trade would push your wallet over the **2% cap** inside the 5-minute anti-snipe window on newly launched tokens. Wait for the window to pass or reduce your trade size.
  </Accordion>

  <Accordion title="Relay did not complete">
    A SOL or Solana USDC route failed mid-bridge. Your funds stay on the source chain. Read the error text, wait for the bridge to settle or retry — do not sign a replacement until the original has resolved.
  </Accordion>
</AccordionGroup>

## What's next

<CardGroup cols={2}>
  <Card title="Trade coins" icon="book-open" href="/user-guides/how-to/trade-coins">
    Step-by-step walkthrough of buying and selling.
  </Card>

  <Card title="Coin types" icon="fire" href="/user-guides/coin-types">
    How fees split differently for creator-type vs community-type tokens.
  </Card>

  <Card title="Rewards" icon="trophy" href="/user-guides/rewards/overview">
    How trading generates rewards for holders, creators, and UGC posters.
  </Card>
</CardGroup>
