Convert your BTC into BNB on Binance
But we are not done so far. We need to convert our BTC into PLEB. As PLEB is presently listed on PancakeSwap we will guide you through how to convert your BTC on the platform. Unlike early centralized exchanges the conversion steps will be a little different on PancakeSwap since it is a decentralize central ( DEX ) which does not require you to register an account nor going through any KYC process, however, trading on a DEX requires you to manage your own private samara to your altcoin wallet and it is suggested that you take extra wish of your wallet secret identify, because if you lost your keys, it means that you will lost access to your coins everlastingly and no customer tư vấn will help you retrieve your assets back. Although if managed by rights it is in fact more fasten to store your assets in your own private wallet than on exchange wallets. If you are even uncomfortable with using a DEX just even, check if PLEB is available on any other traditional centralised exchanges on the tab key above. Otherwise let ’ s pursue these steps cautiously .
PancakeSwap is a DEX that is similar to Uniswap/Sushiswap, but rather it runs on Binance Smart Chain ( BSC ), where you will be able to trade all BEP-20 tokens ( as oppose to ERC-20 tokens in the Ethereum blockchain ), unlike Ethereum, it greatly reduces the trade ( gas ) fees while trading on the platform and is gaining popularity recently. PancakeSwap is built on an automated market godhead ( AMM ) arrangement which relies on user-funded liquidity pools and that is why it can work absolutely without a traditional order bible from centralised exchanges. In short-circuit, as PLEB is a BEP-20 token running on Binance Smart Chain, the quickest way to buy it is to transfer your BTC to Binance ( or the exchanges listed on the table below for US traders ), convert it into BNB, then send it to your own wallet via Binance Smart Chain and swap your BNB for PLEB on PancakeSwap. US traders should consider signing up on the exchanges below.
once you have registered on Binance or the exchanges suggested above, oral sex over to the wallet page and choose the BTC and pawl deposit. Copy the BTC address and head binding to Coinbase, withdraw your BTC to this address and wait for it to arrive, this should take around 15-30 minutes depending on usage of the BTC network. once arrived, trade your BTC to Binance Coin ( BNB ) .
Transfer BNB to your own wallet
here comes the trickiest character of the process, now you need to create your own wallet to hold both BNB and PLEB, there are respective options to create your own wallet, the best choice is to use a hardware wallet, such as Ledger Nano S or Ledger Nano X. They are secure hardware that provide versatile layers of security to protect your assets, you only have to store the seeded player phrases in a safe put and never put it on-line ( i.e. do NOT upload the seeded player phrases to any cloud services/storage/email, and besides do not take photograph of it ). If you are planning to stay in the crypto scene for a while, it is highly recommend that you get a hardware wallet .
Ledger Nano S
- Easy to set up and friendly interface
- Can be used on desktops and laptops
- Lightweight and Portable
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
Buy Now
Ledger Nano X
- More powerful secure element chip (ST33) than Ledger Nano S
- Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
- Lightweight and Portable with built-in rechargeable battery
- Larger screen
- More storage space than Ledger Nano S
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
Buy Now alternatively you can create your own wallet, here we will use MetaMask as an exercise to show you how to set up your wallet .
Add MetaMask extension to Chrome
We recommend using Google Chrome or Brave Browser here. Go to Chrome Web Store and search for MetaMask, make sure the extension is offered by hypertext transfer protocol : //metamask.io for condom and then click Add to Chrome .
Proceed with “ Get Started ” and then click on “ create a wallet ” in the next screen, read all the instructions on the next screen and then click “ Agree ”
following choose a secure password to secure your MetaMask wallet, this password is not your private key or seeded player phrases, you only need this password to access the Chrome Extension.
here comes the backup phrase generation step, on the screen you will see a list of random words appearing after you click “ reveal secret words ”, write these words down on a piece of newspaper and do not ever save them online, anywhere. For extra security you may flush consider getting a Cryptosteel Capsule from Ledger to store your phrases securely and physically .
once you have saved your seed phrases securely, confirm on the future screen by verifying them. And you ’ re done ! Read the tips once more to ensure you ’ re amply mindful of the security issues and click all done, now your wallet is ready. now click on the MetaMask icon on the annex bar on the browser and unlock your wallet with your password. You should see your initial balance afterwards .
now you are ready to deposit your BNB to your wallet, head over to PancakeSwap, chatter “ connect ” at the top and choose MetaMask .
If this is your first gear time to connect with MetaMask you should be asked immediately if you would like to add the Binance Smart Chain network to your MetaMask, please do proceed with this step as it is identical authoritative that you make certain you are sending your BNB via the justly network. After adding the network, switch to the network on MetaMask and you should be able to see your BNB poise on the Binance Smart Chain. now copy the savoir-faire to clipboard by clicking on the account name .
now head back to Binance or whichever exchange you bought BNB. Go to the BNB wallet and choice Withdraw, on the recipient address, paste your own wallet cover and make sure it is the correct address, then on transplant network, make certain you have selected Binance Smart Chain ( BSC ) or BEP20 ( BSC )
Click put in and follow the verification steps afterwards. After successfully withdrawing your BNB it should arrive very soon to your own wallet. now you ’ re quick to buy PLEB ultimately !
Head back to PancakeSwap, choose Trade > Exchange on the leave sidebar
You should see a relatively simple interface hera with basically precisely two fields, from and to, and a adult button saying either “ associate Wallet ” or “ Swap ” .
Click on Connect Wallet if you haven ’ t done so already. Otherwise you should be able to see your BNB balance here at the from field, enter the total you would like to exchange for PLEB and then on the to field, choose PLEB from the dropdown, the comparable come of PLEB should show up immediately. Verify and then proceed with “ Swap ”. In the following sieve, confirm the transaction once more by clicking Confirm Swap. now MetaMask should pop up and ask you if you want to allow PancakeSwap to spend your BNB, snap Confirm. Wait for the ratification shield until it shows “ Transaction Submitted ”, congratulations ! You have last bought plebeian ! ! After a short while you should be able to see your PLEB balance on your MetaMask Wallet .
Source: https://openlivenft.info
Category : TIN COIN
