Trade and Swap
Before you can trade, you will need a Binance Smart Chain-compatible wallet. You can learn how to get one in the previous tutorial. You will also need to have some BEP20 tokens to trade with.
Complete the Token swaps on PancakeSwap which is the most simple way to trade one BEP-20 token for another via automated liquidity pools. Unlock and connect your wallet via PancakeSwap homepage (top right) and choose your wallet preference Trust Wallet/ Metamask/ Token Pocket.
On the Trade column, choose the Exchange button and begin to swap your tokens.
When you make a token swap (trade) on the PancakeSwap exchange you will pay a 0.25% trading fee, which is broken down as follows:
0.17% - Returned to Liquidity Pools in the form of a fee reward for liquidity providers.
0.03% - Sent to the PancakeSwap Treasury.
0.05% - Sent towards CAKE buyback and burn.
1. Choose the token you want to trade from the dropdown menu in the "From" section. The default setting is BNB.
2. Whichever token you choose, you will need to make sure you have some to trade with. Your balance is shown above the token dropdown menu. This guide will be swapping USDT to GEG which will be used to stake in the GemStone Finance (GeFi) stakepool. Key in the correct contract address for GeGem (GEG).
GEG Contract Address : 0x99dAB6065951BecaC1dECBaC0C1A16b9BbF12913
3. A window with more details will appear. Check the details are correct. When you are ready, click the Confirm Swap button. Your wallet will request you to confirm the action.
4. Congratulation, you're done! You can click View on BscScan to see your transaction details on the explorer.
Last modified 1yr ago