Trading tokens on PancakeSwap Exchange is similar to doing it on any other crypto exchange, with a few key differences. To better illustrate them, we have provided you with a short step-by-step guide on how to buy new tokens on PancakeSwap. To make it easier to follow, we have used Lucky Block as an example.
Step 1: Download Trust Wallet
Trust Wallet is an online crypto wallet used for storing coins and tokens you buy on crypto exchanges and a necessary for crypto trading. Trust Wallet is one of the simplest on the market and an excellent crypto wallet for beginners. First, you need to download it from either Apple Store or Play Store, depending on the model of your phone. Once you have installed Trust Wallet, you can proceed to the next step.
Step 2: Transfer BNB
Since PancakeSwap is based on Binance Smart Chain, you will need some BNB to initiate trades. Once you buy BNB, transfer it to your Trust Wallet.
Step 3: Connect to PancakeSwap
At the bottom of the screen, you will see the “DApps” button. Press it, find and select PancakeSwap to initiate the connection. When asked, confirm the connection and you can now use Trust Wallet to trade on PancakeSwap.
Step 4: Buy Lucky Block
Paste the Lucky Block contract address to the appropriate field and you will be presented with an option to buy some. Decide how many tokens you want to buy, depending on how many BNB you have, and input the amount into the field. Click swap and your transaction will be executed almost instantly.
Step 5: Add Lucky Block to Trust Wallet
Now you have to transfer your newly-bought Lucky Block tokens to your Trust Wallet. On the main screen select the “Add Custom Token” option and paste the Lucky Block contract address in the field. Your tokens are now safely stashed in your online crypto wallet.
Conclusion
Selecting the best new tokens on PancakeSwap can be a tricky task, but we are confident that our list will stand the test of time. We are especially assured that our top pick Lucky Block will be one of the coins that will mark 2022. The project simply has too many things going for it that its success is almost inevitable.
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