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.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

CAIR

$0.9626

913220.19%

Trade Now
LOFI

$0.0863

34.11%

Trade Now
SWFTC

$0.0310

31.81%

Trade Now
ZANO

$10.8325

29.28%

Trade Now
JASMY

$0.0339

28.39%

Trade Now
VTHO

$0.0061

24.83%

Trade Now

Latest Crypto News

Solana-Based Meme Coin Launchpad Pump.fun Hit with Class-Action Lawsuit
2025-01-31 19:50:54
Dogecoin Price Defies Weakness Despite Market Crash, WallitIQ (WLTQ) Wallet Solutions To Redefine Crypto Management And Aid Market Navigation
2025-01-31 19:50:54
Coinbase Files for Self-Certification to List Solana (SOL) Futures Contracts on Its Subsidiary Platform, Coinbase Derivatives
2025-01-31 19:50:54
Solana ETF Close to Approval, Remittix Presale Surge Heats Up the Altcoin Market
2025-01-31 19:50:54
Bitwise's Bitcoin and Ethereum ETF Gets the Green Light from the SEC, Signaling a New Era of Faster Approvals
2025-01-31 19:40:55
Catch the Next Big Crypto Trend: RCO Finance Emerges as a Leader
2025-01-31 19:40:55

Related knowledge

Does digital currency wallet have interest?

Jan 12,2025 at 05:25am

Top Seven Digital Currency Wallets with Interest-Earning FeaturesKey PointsDefinition of interest-earning digital currency walletsOverview of the best-performing interest-earning digital currency walletsStep-by-step guide to earning interest on digital currencyPotential risks and rewards of interest-earning digital currency walletsInterest-Earning Digit...

How to read Bitcoin wallet address

Jan 11,2025 at 07:30pm

Key Points:Understanding the Structure of a Bitcoin Wallet AddressDecoding the Base58 EncodingVerifying the Address with a ChecksumCommon Errors to AvoidHow to Read a Bitcoin Wallet Address1. Understanding the Structure of a Bitcoin Wallet AddressA Bitcoin wallet address is a unique identifier assigned to a user's cryptocurrency wallet. It resembles a s...

How to register trx currency wallet

Jan 11,2025 at 04:37pm

Key Points:Choosing the right TRX walletCreating and securing a TronLink walletSetting up a Trust WalletEstablishing a Ledger hardware walletExploring other potential optionsChoosing the Right TRX WalletThe first step in managing your TRX tokens effectively is selecting a secure and reliable wallet. Several types of wallets are available, each with its ...

Eth coin wallet download link

Jan 12,2025 at 07:05am

Key Points:Overview of Ethereum and its role in the cryptocurrency ecosystemGuide to downloading and installing Ethereum wallets for different platformsComparison of popular Ethereum wallets based on security, features, and ease of useSteps involved in creating and backing up Ethereum walletsBest practices for securing Ethereum wallets and protecting di...

Bitpie wallet Chinese mnemonic

Jan 12,2025 at 10:20am

Key Points:Safety and Security Features of Bitpie WalletDisaster Recovery: Restoring Your Funds in Case of Wallet LossManaging Your Assets: Sending, Receiving, and Storing CoinsAdvanced Features: Exploring Additional Capabilities of BitpieComprehensive Token Support: List of Cryptocurrencies Supported by BitpieUser Interface and Accessibility: Navigatin...

Are there any fees for digital currency wallets?

Jan 12,2025 at 02:01am

Key Points:Digital currency wallets vary in fee structures, from free to paid services.Transaction fees are typically charged for sending or receiving funds, regardless of the wallet type.Cryptocurrency networks also impose transaction fees, which vary based on network demand and wallet provider.Custody fees may apply for wallets that store assets on be...