PancakeSwap Finance : How To Exchange Tokens
Good day everyone. Hope you all are doing awesome today. Now a lot of people have sent me DM's on WhatsApp asking me questions about how to use the Dapp PancakeSwap on Trust wallet. A lot of people are really not familiar with it. Now this swapping is a really simple thing to do and if you don't have the application Trust wallet, you can simply download on Playstore or Google store. Be sure and careful not to download the wrong one because I heard there's another one like it but fake. The right one carries Trust Crypto Wallet.
Now PancakeSwap is one of the Dapps on trust wallet just like Uniswap, Sushi swap, and so on. It is only meant for swapping tokens and for mining sometimes. Now talking about swapping. First when you login to trust wallet, there are 5 icons at the base. Click on the second one which shows Dapps and then you will see all.
As you can see up there, under New Dapps, you'll find PancakeSwap. Click on it, change to SmartChain network at the top right corner and connect your Wallet. After that, you'll see this...
Make sure the bold part is on "Exchange". Now select the coin you want to swap and select the coin you want to swap to having in mind that Smart Chain BNB will be charged for gas fee.
After imputing the amount you want to swap, click on swap, confirm swap and then you'll be charged for it.
Why I love BSC so much is because the gas fee is always very low, not even up to half a dollar, unlike Erc20 that the gas fee is very high.
Approve if you have enough gas fee and your tokens will be swapped successfully. If you want to swap back to BNB for sale, you'll have to go through the same process and then send to binance for cash or a third party trader. I hope I have been able to explain well on this.
Thanks so much for reading...
Till I come your way next time...
I remain my humble self @Oredebby
A lot of DeFi projects pop lately.
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excellent explanation although the changes are simple if the people do not know the process can end up losing their tokens, excellent article