How to buy MiL.k (MLK) coins on PancakeSwap?

Connect your MetaMask wallet to PancakeSwap, select MiL.k (MLK) in the Exchange section, set the slippage tolerance to 12%, and enter the amount of BNB for the purchase.

Dec 19, 2024 at 03:15 pm

Key Points:

• Prerequisite: Create a MetaMask wallet and fund it with BNB.
• Connect MetaMask to PancakeSwap.
• Find MiL.k (MLK) in the Exchange section.
• Set the slippage tolerance to 12%.
• Enter the amount of BNB to swap and preview the transaction.
• Confirm the transaction in MetaMask.
• Track the transaction progress on BscScan.

How to Buy MiL.k (MLK) Coins on PancakeSwap:

1. Create a MetaMask Wallet: Install the MetaMask browser extension or mobile app and create a new wallet.
2. Fund Your MetaMask Wallet: Transfer BNB (Binance Coin) from an exchange or another wallet to your MetaMask wallet address. Ensure you have sufficient BNB to cover the purchase and transaction fees.
3. Connect MetaMask to PancakeSwap: Go to the PancakeSwap website and click "Connect Wallet." Select MetaMask and grant it access to your wallet when prompted.
4. Find MiL.k (MLK) in the Exchange Section: Click on "Exchange" in the top menu bar. In the "From" drop-down menu, select BNB. In the "To" drop-down menu, search for and select MiL.k (MLK). If you cannot find MLK directly, enter its contract address in the "To" field: 0x6ce8dA28E2f864420840413fA0eb69c9ae6a1417.
5. Set the Slippage Tolerance: Adjust the slippage tolerance to 12% or higher to account for price fluctuations during the transaction.
6. Enter the Amount of BNB to Swap: Enter the amount of BNB you wish to swap for MLK in the "Amount" field. The amount of MLK you will receive will be automatically calculated based on the current market rate.
7. Preview the Transaction: Click the "Swap" button to preview the transaction details. Verify the transaction details, including the amount of BNB and MLK involved, the transaction fee, and the estimated time to complete the transaction.
8. Confirm the Transaction: Review the transaction details again carefully and click "Confirm Swap." MetaMask will prompt you to confirm the transaction.
9. Track the Transaction Progress: Once you confirm the transaction in MetaMask, you can track its progress on BscScan. Input the transaction hash or your wallet address into the BscScan search bar to view the transaction status.

FAQs:

Q: What is the minimum amount of BNB I need to buy MLK on PancakeSwap?
A: The minimum amount of BNB required will vary depending on the current market rate for MLK. However, it is recommended to have a small amount of BNB (around $10-$20) available to cover transaction fees.

Q: Why do I need to set the slippage tolerance to 12%?
A: Setting the slippage tolerance to 12% allows for price fluctuations during the transaction. When the market is volatile, the price of MLK may change slightly before the transaction is complete, potentially leading to a successful transaction with a slightly different amount of MLK received.

Q: How long does it take to buy MLK on PancakeSwap?
A: The time it takes to buy MLK on PancakeSwap will vary depending on network congestion. During periods of high traffic, it may take a few minutes for the transaction to be confirmed.

Q: Can I buy MLK on other platforms besides PancakeSwap?
A: Yes, you can buy MLK on other decentralized exchanges (DEXs), such as Uniswap, SushiSwap, or 1inch. However, PancakeSwap is currently the most popular DEX for trading MLK.