Hello everyone and Assalam u Alaikum to all the fellow steemians. I am good and enjoying my life and I hope that you all are also doing well and having a great time in your respected lives. It's an honor to be here at Steemitcryptoacademy again.

Yesterday, I learned about Trust wallet, Metamask, Uniswap, PancakeSwap and how to link Binance smart chain wallet to Binance Exchange by the post of our respected professor @yousafharoonkhan and here is my homework task in this regard. So let's get started without wasting much time.

Question no 1:

What is Liquidity in PancakeSwap Explain with examples ?and add Liquidity in PancakeSwap and explain all the steps with screenshot.(explain in your own words).

Liquidity On Pancakeswap:

Pancakeswap's liquidity refers to tokens deposited in the liquidity pool by investors, allowing other users to transact. Pancakeswap relies on the automated market maker (AMM) provided by liquidity providers to generate liquidity, thus limiting the available tokens to only what is made available by investors.


The liquidity pool is not similar to the normal exchange where the prices of all the coins fluctuate according to the demand. In normal exchanges we have a buyer who wants to buy the asset at a particular price and we have a seller who wants to sell the asset at a particular price and if the price reaches to that point the transaction is succeeded, Liquidity pool market is a lot different from this because liquidity pool is always made up of pair of tokens between which we can trade or swap tokens.

Adding Liquidity to Pancakeswap:

1. To add liquidity to pancakeswap firstly you have to open trust wallet on your mobile phone i.e: android or IOS. As the app get opened the front screen appears, there you has to click on Dapps as shown in the screenshot below;
   
   
   
   
   
2. After that go to pancakeswap page from Dapps.
   
   
   
   
   
3. The pancakeswap window will appear and if you see on the top left of the screen there is three dashed lines so hit on those lines a menu bar will appear. Click on trade button from there.
   
   
   
   
   
4. After that press the liquidity button, a new window of liquidity on pancakeswap will appear as shown in the screenshot given below;
   
   
   
   
   
5. Press the Add liquidity button which is highlighted in the given screenshot;
   
   
   
6. Now you will swap your tokens here and add it into liquidity pool.
   
   
   
   
   
7. Select the tokens here which you want as I has selected babydoge and usdt. After selescting the tokens click on supply button as shown below;
   
   
   
   
   
8. Confirm it by hitting on confirm supply button and then hit the confirm transaction button.
   
   
   
   
   
   Your token is now added to the liquidity pool.
   

Question no 2:

How to connect Binance exchange account with Binance smart chain or trust wallet. Explain all the steps through screenshot. And transfer any coin from Binance exchange to Binance smart chain.

• Click on create wallet for binance smart chain as I ain't have wallet.
  

• There will be your seed phrase is generated do safe them.

• The wallet is generated create your password its must be held with following restrictions and do press continue.

• The backup for seed phrase again will be shown do safe them.

NOW CONNECTING THE WALLET WITH BINANCE SMART CHAIN NETWORK:

• Safe the addres while clicking on drop down thus there will be a address shown copy and paste them in to bianance wallet.
  

• Click in wallet direct for address.
  

• Click on wallet verify and continue the process.
  

• Wallet direct will be appear and do read the notice carefully Although it is based on our safety.

• Connect for wallet and this is step one for transaction.

• Step 2 extension confirmation and and sign in for message option and the process will access.
  

• The wallet is connected you can se below the detail option where my transaction cam be access with smart chain wallet also
  

Copying the smart chain address for sending bnb to smart chain wallet.

• withdrawing BNB select the asset.
  
• I am selecting BNB for transacting amount.
  
• I am transferring 0.0195 bnb for transaction confirm the transaction.
  
• Th system access the process and there will be few minutes fir transaction and here the transaction is done from binance.
  
• Here is my smart chain wallet you can see the amount is transacted of
  5$ and I think small amount if transaction fees is utilized.

All the transaction are completed and I connected my Wallet but also and transfer the amount also.

Question no 3:

What is the difference between Trust Wallet and Metamask and which of them is better and why? Explain in your own words.

Trust wallet and metamak both are crypto wallets in which everyone can do any kind of crypto transactions which gives the user ease of accessibility. As both are different type of wallet so they both also have some differences which are given below;

Founder:

In 2016, Metamask was founded by Aaron Davis. While Trust wallet was founded by Viktor Rodchanko in 2017.

Blockchain:

Trust wallet is acquired by binance and allows you to store, transact, stake your coins while metamask wallet is an ethereum based blockchain which allows youto customize according to your need.

Buying Tokens:

You can buy ethereum and other coins directly on metamask wallet while on Trust wallet you cannot buy tokens directly.

Network Support:

Metamask wallet only supports ether and erc20 token because it is ethereum based blockchain on the other hand trust wallet is a multi coin wallet and it supports any type of token such as erc20, bep2, bep20(BSC), trc20.

Linked to decentralized exchanges:

both the wallets Metamask and Trust wallet can linked to decentralized exchanges like pancakeswap to exchange or stake assets.

Usability:

You can use trust wallet in your mobile devices such as android, IOS but it can't be used on browser because it has limited accessibility whereas metamask wallet can be used in mobile phones through apps and or it can be added to your browser as an extension.

Which wallet is better?

In my view, I prefer metamask wallet because of many reasons and one of the main reason is that it is easy to use and it does not has limited accessibility like Trust Wallet. One can use it anywhere on mobile phone through app or on web browser and it's all depends on you where you want to use.

Question no 4:

What is meant by PancakeSwap and Uniswap?

And what is the main difference between them?
Explain the different futures of both.
Which of these exchanges is better and why? Explain in your own words.

Both these exchanges i.e uniswap and pancakeswap are decentralized defi exchanges. If you create an account on pancakeswap or uniswap or hold your crypto coins in it, so you only have the access of your crypto coins in it even their servers does not saves your data. These exchanges can be traded easily by connecting metamask and trust wallet. Both these exchanges saves the time of the trader because if someone wants to exchange a coin to a particular coin so he/she doesn't need any any buyer or seller but the coin is exchanged into the other coin quite easily.

Main Differences Between Uniswap And Pancakeswap network:

The main difference between uniswap exchange and pancakeswap exchange is that uniswap is a ethereum based network and pancakeswap is a binance smart chain based network. If we look at both exchanges in terms of trading volume pancakeswap has the largest trading volume then uniswap exchange. On the other hand pancakeswap has very low transaction fees as compared to uniswap exchange.

Features of Pancakeswap and Uniswap exchange:

Both these exchanges are very easy to use. If we talk about the features in both the exchanges it includes swap system, staking system, liquidity pool, low transaction fees and many other features.

Which of these Exchanges is better.,

If you take my opinion I think that pancakeswap exchange is better than uniswap exchange for common trader, the main reason is that pancakeswap has a very low transaction fees which attracts the user. If we look at the other things like speed, the transaction speed of pancakeswap is faster than the uniswap exchange and there are many more reasons by which I think that pancakeswap is better than the uniswap exchange.

Question no 5:

How to connect PancakeSwap with Metamask. Explain this with a screenshot.

To connect pancakeswap with metmask follow the steps which are given below;

1. Open trust wallet app and then click on Dapps. Go to pancakswap page from there. If you see on the top right of the screen there is an option of connect, click that button as shown below in the screenshot.

1. Now click on metamask as you have to connect metamask with pancakeswap.
   
   

1. Now you pancakeswap is connected to metamask

As you can see in the above screenshot that my pancakeswap is coonected to metamask wallet.

That's all from my side I hope you like it an thanks for giving it a read.