How to trade on tp wallet Binance Chain

To initiate Binance Chain trading on Trust Wallet, ensure you have a Trust Wallet account with sufficient Binance Chain (BNB) cryptocurrency for gas fees and BEP20 tokens for trading.

Jan 11, 2025 at 11:50 am

Key Points

• Prerequisites for Binance Chain Trading on Trust Wallet
• Connecting Trust Wallet to Binance Smart Chain
• Transferring Funds to Binance Smart Chain (BNB)
• Finding Pancakeswap on Trust Wallet
• Swapping BEP20 Tokens
• Managing Trust Wallet Binance Chain Assets
• Troubleshooting Common Issues

How to Trade on Trust Wallet via Binance Chain

1. Prerequisites for Binance Chain Trading on Trust Wallet:

To begin trading on Binance Chain through Trust Wallet, ensure you have:

• A Trust Wallet account with the latest version installed.
• Binance Chain (BNB) cryptocurrency for gas fees.
• BEP20 tokens (Binance-peg tokens) to trade.

2. Connecting Trust Wallet to Binance Smart Chain:

• Open Trust Wallet and tap the "Smart Chain" button.
• Tap "Add Network" and select "Binance Smart Chain" from the list.
• Enter the network details:

Network name: Binance Smart Chain
New RPC URL: https://bsc-dataseed1.binance.org/
ChainID: 56
Symbol: BNB
Block Explorer URL: https://bscscan.com

3. Transferring Funds to Binance Smart Chain (BNB):

Transfer BNB to your Trust Wallet Binance Smart Chain address to cover gas fees.

• Tap the "Receive" button on Trust Wallet.
• Scan the QR code or copy the BSC address.
• Send a desired amount of BNB from your Binance account or another wallet.

4. Finding Pancakeswap on Trust Wallet:

• Open the Trust Wallet DApp browser by tapping the "DApps" button.
• Type "Pancakeswap" into the search bar.
• Click on the official Pancakeswap website link.

5. Swapping BEP20 Tokens:

• Connect your Trust Wallet to Pancakeswap by following the on-screen instructions.
• Select the "Trade" option and choose the desired trading pair (e.g., BNB/BUSD).
• Enter the amount of tokens you want to trade and click "Swap."
• Confirm the transaction in your Trust Wallet and wait for its completion.

6. Managing Trust Wallet Binance Chain Assets:

• Track your BEP20 tokens and BSC activity in Trust Wallet under the "Binance Smart Chain" tab.
• Add custom BEP20 tokens by tapping "Add Custom Token" and entering the token details.
• Send and receive BEP20 tokens by copying your Trust Wallet BSC address and sharing it with others.

7. Troubleshooting Common Issues:

• Insufficient BNB: Ensure you have enough BNB for gas fees.
• Incorrect RPC settings: Check that your Trust Wallet is correctly connected to the Binance Smart Chain network.
• Pending transactions: Allow some time for transactions to process, especially during network congestion.
• Contact Trust Wallet support: If you encounter any technical difficulties, reach out to Trust Wallet's customer support for assistance.

FAQs

What are BEP20 tokens?

BEP20 tokens are tokens built on the Binance Smart Chain (BSC), similar to ERC-20 tokens on the Ethereum network. They represent a wide range of cryptocurrencies, assets, and utilities.

What is Pancakeswap?

Pancakeswap is a decentralized exchange (DEX) that allows users to swap BEP20 tokens directly through their wallets. It offers low trading fees and a wide selection of trading pairs.

How do I manage my BSC assets in Trust Wallet?

You can view your BSC transactions, token balances, and custom token settings within the "Binance Smart Chain" tab in Trust Wallet. Manage your assets by sending and receiving tokens, adding custom tokens, and tracking your activity.

What causes pending transactions on Binance Chain?

Pending transactions occur when the Binance Chain network is congested due to high transaction volume. During periods of high network activity, transactions may take longer to process. Patience is recommended until the transaction completes successfully.