How to buy ZetaChain (ZETA) coins on PancakeSwap?

To purchase ZetaChain (ZETA) on PancakeSwap, ensure you have a Binance Smart Chain wallet, sufficient BNB for transaction fees, and follow the step-by-step guide on the PancakeSwap website to exchange BNB for ZETA.

Dec 22, 2024 at 06:58 am

Key Points:

• PancakeSwap is a decentralized exchange (DEX) that facilitates the buying and selling of cryptocurrencies, including ZetaChain (ZETA).
• To purchase ZETA on PancakeSwap, you will need a Binance Smart Chain (BSC) wallet, such as MetaMask or Trust Wallet.
• You will also need to ensure that you have sufficient BNB to cover the transaction fees.
• The ZETA/BNB trading pair is available on PancakeSwap, allowing you to directly exchange BNB for ZETA.

Step-by-Step Guide:

1. Connect Your Wallet to PancakeSwap

• Visit the PancakeSwap website (https://pancakeswap.finance/) and click on the "Connect Wallet" button.
• Select your preferred BSC wallet from the list of options.
• Follow the prompts to connect your wallet.

2. Ensure You Have BNB

• BNB is the native cryptocurrency of the Binance Smart Chain and is used to pay transaction fees on PancakeSwap.
• If you do not have any BNB, you can purchase it from a cryptocurrency exchange such as Binance or Binance.US.
• Transfer your BNB to your Binance Smart Chain wallet.

3. Search for ZETA in PancakeSwap

• Click on the "Trade" tab and select the "Exchange" option.
• In the search bar, type in "ZETA" and select the ZETA/BNB trading pair.

4. Specify the Amount of ZETA You Want to Buy

• Enter the amount of ZETA you would like to purchase in the "Amount" field.
• You can either manually enter the amount or use the +/- buttons to adjust the quantity.

5. Set the Slippage Tolerance

• Slippage is the difference between the expected and actual price of a transaction.
• To prevent slippage, set the slippage tolerance to a value between 0.5% and 2%.

6. Confirm the Transaction

• Review the transaction details carefully to ensure everything is correct.
• Click on the "Swap" button to initiate the transaction.
• Your wallet will prompt you to confirm the transaction.

7. Wait for the Transaction to Complete

• The transaction will take a few moments to complete, depending on the network traffic.
• Once the transaction is successful, your ZETA will be credited to your BSC wallet.

FAQs:

Q: What is the minimum amount of ZETA I can buy on PancakeSwap?
A: The minimum amount of ZETA you can buy on PancakeSwap depends on the trading pair you choose. For the ZETA/BNB pair, the minimum order amount is 0.005 ZETA.

Q: What fees are associated with buying ZETA on PancakeSwap?
A: PancakeSwap charges a transaction fee of 0.25% on all trades. Additionally, you will need to pay a small network fee for the transaction to be processed on the Binance Smart Chain.

Q: Can I store my ZETA on Trust Wallet?
A: Yes, Trust Wallet is a popular multi-currency wallet that supports the storage of ZETA. You can create a separate ZETA wallet within Trust Wallet to manage your holdings.