how to trade on trust wallet

To start trading on Trust Wallet, connect your wallet to a decentralized exchange (DEX), fund your account, choose a trading pair, specify the amount and price, preview the trade, and execute your order.

Nov 06, 2024 at 10:30 am

A Comprehensive Guide to Trading on Trust Wallet

1. Set Up Your Trust Wallet:

• Download the Trust Wallet app from the official App Store or Google Play Store.
• Create a new wallet or import an existing one using your recovery phrase.

2. Connect Your Wallet to a Decentralized Exchange (DEX):

• Go to "DEX" in the Trust Wallet menu.
• Select the DEX you want to use (e.g., PancakeSwap, Uniswap, etc.).
• Connect your wallet to the DEX by approving the connection request.

3. Fund Your Wallet:

• Transfer funds from an external source (e.g., a crypto exchange) to your Trust Wallet address.
• Make sure you have enough funds to cover your trades, including fees.

4. Choose Trading Pairs:

• In the DEX interface, select the trading pair you want to trade (e.g., BNB/USDT).
• This specifies the asset you will sell (base asset) and the asset you will receive (quote asset).

5. Enter the Amount and Price:

• Specify the amount of the base asset you want to trade.
• Set the desired price at which you want to execute the trade (optional).

6. Preview and Execute the Trade:

• Review the details of the trade, including the amount, price, and total cost.
• If everything is correct, click "Trade" to execute the order.

7. Monitor Your Trade:

• Once the trade is executed, you can monitor its status in the "Portfolio" section of Trust Wallet.
• Wait for the trade to settle before withdrawing your new assets.

Additional Tips:

• Use limit orders to specify the exact price at which you want to execute the trade.
• Be aware of trading fees, which vary depending on the DEX and trading pair.
• Research trading strategies and indicators to improve your profitability.
• Use a hardware wallet for added security when storing large amounts of crypto.