how to swap shiba inu on trust wallet

To swap Shiba Inu (SHIB) on Trust Wallet, users must first fund their wallet with Binance Coin (BNB) and add the SHIB token's custom address to their Trust Wallet to enable swapping functionality.

Oct 15, 2024 at 04:30 am

How to Swap Shiba Inu (SHIB) on Trust Wallet

Step 1: Fund Your Trust Wallet with BNB

To initiate a SHIB swap, you need to ensure you have sufficient Binance Coin (BNB) in your Trust Wallet. BNB serves as the network fee for transactions on the Binance Smart Chain (BSC), where SHIB operates. Purchase BNB from a reputable exchange and transfer it to your Trust Wallet.

Step 2: Add the Custom Token Address

Add the SHIB token to your Trust Wallet to enable it for swapping. Navigate to "Add Custom Token" in the "Settings" menu. Enter the following details:

Network: Binance Smart Chain
Token Name: Shiba Inu
Token Symbol: SHIB
Token Address: 0x95ad61b0a150d79219dcf64e1e6cc01f0b64c422

Step 3: Access PancakeSwap

Launch PancakeSwap from within Trust Wallet by clicking the "DApps" tab at the bottom of the screen and selecting "PancakeSwap." Connect your Trust Wallet to PancakeSwap by clicking the "Connect" button.

Step 4: Swap SHIB

On the PancakeSwap interface, navigate to the "Trade" tab. Enter the amount of SHIB you wish to swap in the "You Send" field. Below, select the token you want to receive (e.g., BNB).

Step 5: Adjust Slippage Tolerance

Due to price fluctuations, you may need to adjust the slippage tolerance to ensure your swap is not rejected. The default slippage is generally acceptable, but you can increase it slightly if necessary.

Step 6: Confirm the Transaction

Review the details of the swap, including the amount, slippage tolerance, and fees. If satisfied, click the "Swap" button. Trust Wallet will prompt you to confirm and complete the transaction.

Step 7: Track Your Swap

Once you have confirmed the transaction, you can monitor its progress in the "History" tab in Trust Wallet. The completion time may vary depending on network congestion.

Additional Tips:

Small transactions are less likely to encounter slippage issues.
Check the liquidity of the SHIB pool before making large swaps.
Use a slippage tolerance of up to 5% to accommodate potential price fluctuations.
Keep a small amount of BNB in your wallet to cover future transaction fees.

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