how to use pancakeswap with trust wallet

To initiate cryptocurrency swaps on PancakeSwap, users connect their Trust Wallet, select trading pairs, adjust slippage tolerance, and confirm transactions within the Trust Wallet app.

Nov 07, 2024 at 05:33 am

How to Use PancakeSwap with Trust Wallet

Step 1: Fund Your Trust Wallet

• Purchase BNB (Binance Coin) from an exchange like Binance. Withdraw it to your Trust Wallet.

Step 2: Connect Trust Wallet to PancakeSwap

• Visit the PancakeSwap website and click "Connect Wallet."
• Choose "WalletConnect" and scan the QR code with the Trust Wallet app.

Step 3: Find a Trading Pair

• Click "Trade" on the PancakeSwap menu. Select your desired token and the BNB pairing.

Step 4: Place an Order

• Enter the amount of the token you want to buy.
• Adjust slippage tolerance if necessary (usually 0.5-1%).
• Click "Swap."

Step 5: Confirm Transaction

• Review the transaction details in the Trust Wallet app.
• Enter your wallet password and accept the transaction.

Step 6: Check Your Holdings

• Once the transaction is complete, you can view your new tokens in the "Assets" section of Trust Wallet.

Tips for Using PancakeSwap:

• Use slippage tolerance: This prevents transactions from failing due to price fluctuations.
• Monitor gas fees: Gas fees for swaps vary depending on network congestion. Consider waiting for lower fees.
• Be aware of scams: Do not click suspicious links or provide your private key to anyone.
• Research tokens: Carefully review token information before purchasing.
• Use Limit Orders: Place limit orders to buy or sell tokens at a specific price, offering more control over execution.