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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
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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.
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