Instructions for buying coins on decentralized exchanges for new investors to enter the market. Currently, there are many new coins being released in the virtual currency market. But since they appeared, they still couldn't level up Prestigious Virtual Currency Exchange big. Investors will go to decentralized exchanges to buy these new coins. Newly released coins have a lot of potential and can bring big profits to investors.
Instructions to buy coins on a decentralized exchange with Trust Wallet
Buying coins on decentralized exchanges is very simple and can be done on phones. First you need to have the Trust wallet on your phone. If you don't have Trust Wallet, you can find it on the iOS or Android store to download it.
After downloading the trust wallet to your phone, you will use 1 of 2 coins to buy coins on the decentralized exchange. If the currency you want to buy has an Ethereum platform, you must deposit ETH into the Trust wallet. If the coin you want to buy is on Binance's smart chain platform, we need to load BNB into Trust wallet. In this article, I will guide you to buy coins on PancakeSwap exchange. This is a decentralized exchange.
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Connect Trust Wallet with PancakeSwap decentralized exchange
Step 1: In the Trust wallet interface on your phone, go to the “DApps” section.
Step 2: Here you search for decentralized exchange pancake exchange in the search bar. Or you can search the “DeFi” section and select the PancakeSwap platform as shown below.
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Step 3: You then link the PancakeSwap exchange to the trust wallet by clicking on the “Connect” section and selecting “TrustWallet”. Here, the decentralized exchange PancakeSwap will automatically default to your balance as BNB.
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Get CoinMarketCap coin wallet address
To get your wallet address, go to the CoinMarketCap app on your phone. If you don't have the app, you can download it from your phone's app store. The app can be used immediately without creating an account.
Example: You are looking to buy Pitbull for your investment. You proceed with the transfer from the Trust Willet app to the CoinMarketCap app on your phone. Then follow these steps to get the wallet address.
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Step 1: In the CoinMarketCap interface, click on the search item. Then you search for the name “Pitbull” and select this coin as shown below.
Step 2: You copy the wallet address in the Contracts section.
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Complete the transaction on the CoinMarketCap decentralized exchange
After copying the wallet address in the CoinMarketCap app. You return to the Trust Willet application and follow these steps.
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Step 1: You paste the wallet address taken from the CoinMarketCap website in the “Select a currency” section and then select the Pitbull coin.
Step 2: Select the amount of virtual currency you want to buy.
For example, if you want to buy a Pitbull with 1 BNB, enter “From” as 1. It can be understood simply, you are using 1 BNB to buy 805,281,000,000 Pit at the current market price.
Step 3: Enter the transaction fee.
You select the 3 bars icon as shown below to go to the transaction fee input interface. In this section, we'll choose an incremental transaction fee. Let's say you first choose a transaction fee of 3% and then click “Exchange” to make a transaction. But if the Trust wallet gives an error, it cannot be done. You keep re-entering the transaction fee, usually you will gradually increase it to 1% for the next import.
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After successfully entering the transaction fee, the transaction confirmation screen will appear. You select “Accept”. The exchange is carrying out a transaction, you wait about 1 minute.
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Step 4: Check whether the transaction was successful or not.
You go back to the main interface of the Trust wallet, select the search box on the 2 dashes and type “Pitbull” and then turn it on. If the Pitbull coin is in your Trust wallet, your transaction will be successful.
Conclusion
through the article instructions to buy coins on decentralized exchanges, Surely you can understand the steps to owning a potential virtual currency. Please note that for any token used on the Ethereum platform, you must buy it with ETH. The coins we use on Binance's smart chain platform, we use BNB. I wish you to have successful investment business and make a lot of profit.
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