This means that Trust what is a reduced value Wallet is successfully connected to PancakeSwap. After you’ve tapped on “Open”, Trust Wallet will open. To connect to a wallet, tap on “Connect” on the top navigation bar. On the “Withdraw BNB” page, paste your Smart Chain address from Trust Wallet in the “Address” field. Now that you’ve created a wallet on Trust Wallet, you need to buy some BNB. On the withdrawal page, paste your Smart Chain address from Trust Wallet in the “Address” field, enter the amount of BNB that you want to withdraw, and withdraw it.
Check the menu for more documentation on the range of PancakeSwap features and services, including more advanced guides. When you are ready, click the Confirm Swap button. 3 – Choose the token you want to trade from the dropdown menu in the upper section.
Lastly, tap on “Import” to import the token to PancakeSwap. You need to open the page on Trust Wallet to allow PancakeSwap to connect to it. The pop-up contains a list of wallets that you can connect to. Firstly, navigate to your portfolio on Binance by tapping on the wallet icon on the bottom navigation bar. You need to deposit BNB into this address later on.
Once completed, your staked LP balance will show how much you have on the farm. Once connected, go to the Trade tab and click Liquidity. This feature is available to all CAKE holders, with voting power being proportional to the number of tokens a user holds. For example, if you want to swap 0.1 BNB, enter “0.1” in the “From” field. Firstly, enter the amount of BNB that you want to swap for the token.
After you’ve tapped on “Connect”, the “Connect to a wallet” pop-up will open. To swap on PancakeSwap, you need to connect to a wallet first. To begin with, you need to have a cryptocurrency wallet. In addition, you need to have some BNB in your cryptocurrency wallet. Follow these guides to get everything set up to use PancakeSwap, or feel free to jump to the guide you need if you’ve been doing okay but lost your way.
Syrup Pools, CAKE Farming And…. NFTs!
Once you’ve downloaded Trust Wallet, you need to create a new wallet.
Get Started (BSC)
You’ll need to deposit both tokens based on the ratio provided on the site. This unique feature not available on any other decentralized exchange showcases PancakeSwap’s fun and friendly approach to trading. The rewards start with general ticket costs combined with CAKE tokens from the treasury.
Guides for using PancakeSwap features
Then, you can stake your LP tokens by navigating to the “Farms” page. Lastly, tap on “Swap” to swap BNB for the token that you’ve imported. To find the contract address of the token that you want to buy, you need to visit it on bscscan.com or coinmarketcap.com. For example, if you want to buy Spore Finance, you need to paste the contact address of Spore Finance on the “Search name or paste address” field. Now, you’ll be able to swap BNB for another token.
Here’s our easy guide to help you transfer tokens from BNB Smart Chain Mainnet to opBNB, making it a breeze for you to enjoy opBNB PancakeSwap and get the most out of our platform. Once you have a wallet set up and connected to PancakeSwap, feel free to check our other how to guides below. A random combination is created for each lottery ticket purchased, and 50% of the lottery pool is awarded to players who have a winning combination. This combination must be in the same order as shown below.
- 2.Next, choose how many tokens you want to transfer.
- You can also stake your cryptocurrency directly on the “Pools” page without LP tokens.
- A message will pop up from your wallet asking for your approval.
- New projects join the party frequently, so you can earn more, for even longer.
Earn CAKE with Yield Farms
As well as the Pancake Swap Exchange, users can invest in non-fungible tokens (NFTs) using PancakeSwap’s new NFT store. The store is home to BNB Chain-based NFTs, including Pancake Squad, Gamester Apes, and BornBadBoys. Although not as popular as NFT stores such as OpenSea, these collections have a value of over $1 million, with many NFTs selling for over $1000 each. Now you can actually start farming by depositing your LP tokens in a farm to receive CAKE tokens. You’ll be directed to the Liquidity page, where you can click Add Liquidity and choose the token pair you want to deposit.
The greater the liquidity you offer, the more rewards you can earn. The exchange lets you sell and buy BEP 20 tokens–a token developed from the Binance Smart Chain Blockchain (BNB chain) platform. PancakeSwap hosts a range of unique features, including a liquidity pool and staking rewards, a lottery system, and the ability to swap tokens without an intermediary.
However, users are free to customize it for their needs. If you are trading a token for the first time, you may need first to click “Enable XXX (your token)” to approve. 4 – Choose the token you want to trade to in the lower section as above. Jack Cole is a crypto expert specializing in NFTs and P2E gaming. After working as a copywriter for 3 years, Jack was introduced to the crypto industry and hasn’t looked back. His articles cover a range of topics from NFTs and crypto gaming to upcoming projects in the crypto niche.
2 – Unlock your wallet by clicking Connect Wallet (you can also Connect in the top right-hand corner). If you haven’t yet connected your wallet to PancakeSwap, you can view the guide here. Before you can trade, you will need a wallet that is compatible with BNB Chain or Ethereum. You will also need to have some BEP-20 or ERC-20 tokens to trade with. Investors can be liquidity providers, CAKE farmers, or NFT traders. Or, they can go full degen and play in the projects lottery feature.