It is simple to trade on PancakeSwap using TrustWallet on Binance Smart Chain. Follow easy our guide.
Top BSC Tools Popular With The Community
PancakeSwap and TrustWallet are two of the tools that a lot of members of the Binance Smart Chain (BSC) Decentralized Finance (DeFi) community use.
Based on data from decentralized app tools site Dappradar, PancakeSwap often has more than 200,000 people each day. It is also the most popular BSC dApp.
The next dApp on the list typically isn’t as popular as PancakeSwap with over 150,000 users. However trust wallet seems to be well liked by the BSC community as well. More than 10 million users are downloading TrustWallet via Google Playstore alone.
With the popularity of these two apps are BSC.News in this article has created an easy-to-follow guide for trading cryptocurrency using TrustWallet on PancakeSwap and PancakeSwap which is available for Android or iOS. This guide is a great resource for our readers and also the cryptocurrency community as a whole.
Part One: Install TrustWallet
- Install and download the TrustWallet application to Android by clicking right here.
- Follow this tutorial to create a bank account and configure it for BSC transactions.
Part 2: Connect TrustWallet To Pancakeswap
To connect your TrustWallet to PancakeSwap:
Hit the DApps button at the bottom of the screen. You will be able to open DApps. Click the button to open DApps browser.
Click the Connect button for connecting your wallet to PancakeSwap.
Part 3: Trade
- Make sure you have Binance Token (BNB) in your wallet for the gas fee.
- To initiate a trade make sure your wallet is set to ‘swap’ mode.
- In the frame ‘From click the dropdown to select the cryptocurrency asset you already have and are looking to sell. On the left side type in the price you wish to be sold.
- In the frame ‘To click the dropdown to select the cryptocurrency you wish to purchase. The amount of tokens you can get from selling the amount you sold that you purchased in the first step will be calculated automatically in the left.
In our demo in our demonstration, we trade BUSD to CAKE.
Click on the ‘Swap‘ button below (if you’ve never exchanged the token in the ‘From’ section You will then be asked to sign off on the token.
Click ‘Confirm Swap‘ below the next screen
- Then, on your next page, select “Approve” and type in your passcode or fingerprint to authorise the transaction.
It is possible to trade step-by-step on Android. Within a short time (typically not more than thirty minutes) after the trade is approved you will be able to receive the tokens you purchased into your wallet.