Steemit Crypto Academy | Season 3: Week 1 || Trust wallet, Binance Smart chain & How to Swap & Stake cake coin on Decentralized Pancake Swap exchange with Trust Wallet || Homework post for @yousafharoonkhan

in hive-108451 •  4 years ago 

Question no 1:
What is a Trust Wallet? How to find and install it from google play store to mobile phone? How to create a new wallet on trust wallet? Explain the details of each step with the help of screenshot.
Question no 2:
What is Binance Smart Chain (BSC)? How to add its extension application in google chrome? How to create a new wallet on BSC? Explain the details of each step with the help of screenshot.
Question no 3:
How to deposit any BNB (BEP20 )coin from the Binance Exchange to Trust Wallet or Binance Smart chain? How to link the Trust wallet to the binance smart chain?Explain the details of each step with the help of screenshot.( transaction should be confirmed)
Question no 4:
What is PancakeSwap Exchange ? How To Link Pancakeswap exchange with Trust Wallet or Binance Smart exchange? Explain the details of each step with the help of screenshot.
Question no 5:
How to Swap & Stake cake coin on Decentralized Pancake Swap exchange with Trust Wallet or BSC ? Explain the details of each step with the help of screenshot.( transaction should be confirmed)

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Question no 1:

What is a Trust Wallet? How to find and install it from google play store to mobile phone? How to create a new wallet on trust wallet? Explain the details of each step with the help of screenshot.

Trust Wallet is basically a crypto wallet that has been created in a decentralized system. Because the trust wallet is decentralized, a user can keep their coins very safe because it is decentralized and less likely to be hacked. It is almost impossible to hack if you have a 16-character seed or a private key that is given to you when you keep it properly.

Trust wallet was created in 2017 acquired by binance company in a decentralized system. With this trust wallet you can easily exchange one coin from one coin to another. Transaction processing in Trust Wallet is very fast and its cost is also very effective. You can easily access Dapps decentralized applications through this trust wallet. Trust Wallet is very user friendly so any new person or inexperienced person can use it very easily. It is very easy to use. And another big advantage of Trust Wallet is that there are multi coins available here

How to find and install it from google play store to mobile phone?

Screenshot_20210703-134327_Google Play Store.jpg

Click "open "Play Store"

Screenshot_20210703-134337_Google Play Store.jpg

Search "Trust wallet

Screenshot_20210703-134342_Google Play Store.jpg

Install Trust Wallet Apps

How to create a new wallet on trust wallet?

Screenshot_20210703-134451_Trust Wallet.jpg

Open Trust wallet Apps and Click "Create a new wallet"

Screenshot_20210703-134457_Trust Wallet.jpg

Click "continue

Screenshot_20210703-134500_Trust Wallet.jpg

After clicking continue here an interface will appear, there will be a private key you will have to copy that private key. After you copy the private key, you will be asked for confirmation. You will have to give your private key there. If you can, then your account will be.

Screenshot_20210703-134613_Trust Wallet.jpg

account is ready

Question no 2:

What is Binance Smart Chain (BSC)? How to add its extension application in google chrome? How to create a new wallet on BSC? Explain the details of each step with the help of screenshot.

What is Binance Smart Chain (BSC)?

Binance smart chain is a decetralized exchange, created by Binance company in September 2018. Binance Smart Chain is an alternative to the ethereum blockchain. It basically works like a metamask. Due to the high cost of Ethereum blockchain, about 80% of people have now converted to BSC or binance smart chain. And its popularity is growing day by day. Trading and mining in Ethereum Blockchain are much more costing. On the other hand, in binance smart chain, it can be easily mined and BNB can be earned. The gas fee in the binance smart chain is much lower than in the ethereum blockchain

How to add its extension application in google chrome?

2 1.png

Go To Binance website

2 2.png

Click "Binance Chain Wallet (extension)

2 3.png

Click "Add to chorme

How to create a new wallet on BSC?

2 4.png

Click "Create Wallet

2 5.png

Click "Generate Seed phrase

2 6.png

Create a Password

2 7.png

Click "Continue"

22.png

Copy seed Phrase, You need to confirm that you copied this key in the next step

2 8.png

Account is Ready

Question no 3:

How to deposit any BNB (BEP20 )coin from the Binance Exchange to Trust Wallet or Binance Smart chain? How to link the Trust wallet to the binance smart chain?Explain the details of each step with the help of screenshot.( transaction should be confirmed)

How to deposit any BNB (BEP20 )coin from the Binance Exchange to Trust Wallet or Binance Smart chain?

3 1.png

Select BNB token & Click Receive

3 2.png

Copy address

3 3.png

withdraw from binance Exchange

How to link the Trust wallet to the binance smart chain?

3 4.png

Go binance smart chain (google chromes extention) Then click "3 dots menu" Then click "export private key"

3 5.png

Copy "Private Key"

()

Go Trust walllet Click "create a new wallet"

Click "Continue"

select "smart Chain Then next page paste your private key"


Succesfully Login

Question no 4:

What is PancakeSwap Exchange ? How To Link Pancakeswap exchange with Trust Wallet or Binance Smart exchange? Explain the details of each step with the help of screenshot.

pancakwswap is a decentralized exchange system that uses automated market makers. It's basically like uniswap. uniswap is basically made in the etherium blockchain. From here every user will have to make various financial transactions through this platform and the user will be able to earn cake from here by stacking their funds. Coins that are not listed on coinmarketcap.com, you can easily buy the coins from this site. And the gas fee and transaction fee of this website is very low.

How To Link Pancakeswap exchange with Trust Wallet or Binance Smart exchange?

Screenshot_20210703-125011_Trust Wallet.jpg

Open "Trust wallet and Click "Dapps"

Screenshot_20210703-125031_Trust Wallet.jpg

Then Click "Pancakeswap"

Screenshot_20210703-125049_Trust Wallet.jpg

Click "Connect"

Screenshot_20210703-125054_Trust Wallet.jpg

Click trust wallet

Screenshot_20210703-125059_Trust Wallet.jpg

Click "connect"

Screenshot_20210703-125106_Trust Wallet.jpg

Successfully connected pancakeswap"

Question no 5:

How to Swap & Stake cake coin on Decentralized Pancake Swap exchange with Trust Wallet or BSC ? Explain the details of each step with the help of screenshot.( transaction should be confirmed)

Swap

Screenshot_20210703-131130_Trust Wallet.jpg

Open Trust wallet > pancakeswap then click "Menu Bar"

Screenshot_20210703-131107_Trust Wallet.jpg

Click "Exchange"

Screenshot_20210703-131100_Trust Wallet.jpg

set "amount" and confirm transaction

Stake

Screenshot_20210703-131241_Trust Wallet.jpg

Open Trust wallet > pancakeswap then click "Menu Bar"

Screenshot_20210703-131320_Trust Wallet.jpg

Click "Pools"

Screenshot_20210703-132021_Trust Wallet.jpg

Select auto cake and click "eneble"

Screenshot_20210703-132036_Trust Wallet.jpg

Then an option will appear here. Click there to confirm the transaction. Click "Confirm transaction"

Special Thanks: @yousafharoonkhan

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      ·  4 years ago (edited)

    Respected first thank you very much for taking interest in SteemitCryptoAcademy
     Season 3 | intermediate course class week 1

    CriteriaCalculation out of 2remarks
    Presentation/quality0.05thank you very much for taking participate in intermediate class course
    Originality2/2
    Compliance with Topic1
    Clarity of Language1
    Quality of Analysis1
    Grand total5.5looking good

    thank you very much for taking interest in this class

    • you did not swap any coin
    • you did not stake cake
    • you did not make deposit fron binance to wallet
    • you did not connect bnb to wallet trust

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
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