> For the complete documentation index, see [llms.txt](https://docs.kairosswap.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.kairosswap.com/how-tos/buy-a-rate-swap.md).
# Buy a Rate Swap
So you're ready to buy your first swap? Here is an easy, practical walkthrough:
### Degen Mode
**Step 1: Choose a Direction**
Will interest rates go up or down?
**Step 2: How much to wager?**
Slide the widget up to the amount you want to bet on rate movement
**Step 3: Finalize your Prediction**
Lastly, you'll need to click `[Approve]` to enable trading, `[Post Collateral]` to fund your Prediction, and `[Place Prediction]` to finalize your bet
**Step 4: Profit**
If rates move in your favor, collect that sweet sweet yield
### Pro Mode
**Toggle on Pro Mode:**
**Step 1: Select a Market**
**Step 2: Choose a Notional Value**
This is the total amount that will accrue interest (gain or loss), during the duration of your swap. For example $5,000,000 USDC
**Step 3: Connect your Wallet**
Using Coinbase Wallet, Metamask, Wallet Connect, or your favorite DeFi wallet. Connect to the swap market.
**Step 4: Approve Collateral**
You should only need to do this once, to approve your collateral for the swap market. Cick "Add Collalteral," on the order widget:
Then, click "Approve" and sign the approval transaction:
Wait for this transaction to complete.
**Step 5: Add Your Collateral**
Add the prefilled amount of collateral to execute your swap, by click "Add Collateral":
Wait for this transaction to complete
**Step 6: Execute your Swap Trade**
Finalize your Swap trade by clicking "Buy Swap" on the order widget:
**Profit (with a little luck!)**
You'll now see your open swap position on the market page below the order widget:
Next up, learn how to Manage Collateral and view your Portfolio
*DISCLAIMER: Swaps are leveraged instruments. You can lose all of your collateral if positions move significantly against you. Always understand the risks before trading.*
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