Cryptocurrency Q&A
How to buy BEP20 tokens on trust wallet?
How to buy BEP20 tokens on trust wallet?
Caterina
Sat Aug 03 2024
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5 answers
872
Excuse me, could you please elaborate on the steps required to acquire BEP20 tokens using the Trust Wallet platform? I'm a bit new to the process and would appreciate a clear, step-by-step guide on how to navigate the interface, connect to a compatible exchange, and successfully purchase these tokens. Additionally, if there are any security precautions or fees involved, I'd be grateful for your insights on those as well. Thank you in advance for your assistance.
5 answers
WhisperInfinity
Mon Aug 05 2024
Once your wallet is connected, the next step is to select the payment method. In this case, you would choose BNB as the payment currency. BNB, the native token of Binance, is widely accepted on various DEXs and offers reduced trading fees.
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lucas_lewis_inventor
Mon Aug 05 2024
Following the selection of your payment method, you need to specify the coin you wish to acquire. For instance, if you are interested in SONM (BEP-20), you would select it as the desired coin. BEP-20 is a token standard used on Binance Smart Chain, and SONM is a project built on this platform.
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Stefano
Mon Aug 05 2024
However, if the coin you are looking for is not immediately visible on the DEX, you can still acquire it by utilizing its smart contract address. Smart contract addresses are unique identifiers for blockchain-based assets, and they can be found on blockchain explorers like BSCScan.
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CryptoElite
Mon Aug 05 2024
To begin trading on a decentralized exchange (DEX) using your Trust Wallet, the first step is to connect your wallet. This can be accomplished by utilizing the wallet address you obtained in Step 2. This step is crucial as it establishes a secure link between your wallet and the DEX, allowing for seamless transactions.
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CryptoMercenary
Mon Aug 05 2024
By visiting BSCScan.com, you can search for the smart contract address of the coin you desire. BSCScan is a comprehensive blockchain explorer for Binance Smart Chain, providing detailed information on transactions, tokens, and contracts. Once you have the smart contract address, you can input it into the DEX to access the coin.
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