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

# Buy and sell tokens

> How trading works on Snekfun

# Buy and sell tokens

You trade tokens from each token page on Snekfun. Before graduation, trades use the bonding curve. After graduation, Snekfun routes the trade to Splash DEX automatically.

<Note>
  If you want the mechanics behind pricing and routing, read [Bonding curve](/how-it-works/bonding-curve), [Graduation to Splash DEX](/how-it-works/graduation-to-splash-dex), and [Trading fees](/how-it-works/trading-fees) first.
</Note>

## How it works

<Steps>
  <Step title="Open a token page">
    Choose a token from the home feed or open its direct link. The full trading interface lives on the token page.
  </Step>

  <Step title="Create or open your Turbo Wallet">
    Click **Connect Wallet** to create or open your Turbo Wallet. Trading on the site uses Turbo Wallet.
  </Step>

  <Step title="Choose Buy or Sell">
    Use the **Buy** or **Sell** tab. Enter an ADA amount when you buy, or a token amount when you sell.
  </Step>

  <Step title="Set amount and slippage">
    Use the shortcut buttons for common trade sizes. You can also choose slippage from `15%`, `30%`, `50%`, `75%`, or `Infinity`.
  </Step>

  <Step title="Review the estimate and place the trade">
    The form shows an estimated input or output before you confirm. After you click **Place trade**, the order appears on the token page and in your profile until it executes or is cancelled.
  </Step>
</Steps>

## Common controls

| Control          | What it does                                                                                 |
| ---------------- | -------------------------------------------------------------------------------------------- |
| **Buy**          | Spend ADA to receive tokens                                                                  |
| **Sell**         | Sell tokens back for ADA                                                                     |
| Shortcut buttons | `25 ADA`, `100 ADA`, `250 ADA`, `500 ADA` for buys and `25%`, `50%`, `75%`, `100%` for sells |
| Slippage         | Limits how far the price can move before the trade stops                                     |
| Estimate         | Shows the expected trade result before you submit                                            |

<Note>
  If the bonding curve is full but the Splash pool is still being seeded, the token page shows a waiting state. The Splash pool link appears there once it is ready.
</Note>

Read these next:

* [Token page](/how-it-works/token-page)
* [Open orders and cancellations](/how-it-works/open-orders-and-cancel)
* [Trading fees](/how-it-works/trading-fees)