The question of how to swap Shiba Inu coin in Trust wallet is a popular one. There are many possible ways to buy Shiba Inu and the most common way to buy them is to swap on exchanges.
There are many exchanges that offer this service, but they all have their pros and cons. It is important that you do your research before using any of these exchanges because there are some that offer better rates for buying Shiba Inu than others. In this article, I will show you a step by step way to swap Shiba Inu coin in Trust wallet using Pancakeswap.
What Is Trust wallet?
A wallet is where cryptocurrency is stored for long or short time transactions.
A Trust wallet is a decentralized wallet that allows users to hold the keys to their cryptocurrency wallet which has access to DApps unlike centralized wallets Making Crypto More Accessible.
What Is Pancakeswap?
One of the most popular Decentralized Exchanges (DEX) on the Binance Smart Chain (BSC) is the Pancakeswap.
The Pancakeswap is designed to allow the trade of Binance coin (BNB) and other BEP-20 tokens through the use of smart contracts securely without compromising private keys or relying on centralized exchanges to avoid counterparty risk.
This implies that before you can swap on Pancakeswap successfully from Shiba Inu to Binance on Trust wallet, apart from having the SHIB, you will still need some Binance smart chain for a gas fee because Shiba Inu is a smart contract.
Steps To Swap Shiba Inu Coin In Trust Wallet
Lunch your Trust wallet app and proceed to your Dapp.
Scroll down to exchanges and click on pancake swap.
Connect to your Binance smart chain wallet.
Click on the second trade to select Shiba Inu.
NOTE: if Shiba is not among the listed coins, copy their contract address from BSC scan and paste into the search bar as shown below and import.
Enter the amount of Shib you will like to swap and click on the arrow to indicate you want to swap from Shiba Inu to bnb and the insufficient bnb balance button will change to proceed and you can confirm the contract.
How to buy Shiba Inu Coin in Trust Wallet
- Lunch your Trust wallet app and proceed to your Dapp.
- Scroll down to exchanges and click on pancake swap.
- Connect to your Binance smart chain wallet(if you have set a password, you would be prompt to enter the password).
- select Shiba Inu on the second coin if Shiba is not among the listed coins, copy their contract address from BSC scan and paste it into the search bar and import.
- entered amount and click on swap.
What is Shiba Inu coin?
Shiba Inu coin is a new digital meme currency created to help preserve the endangered Japanese Shiba Inu breed. The coin is backed by real-world assets and can be used to purchase physical goods and services.
How To Buy Shiba Inu On Robinhood.
Robinhood, a mobile trading app that allows users to buy and sell stocks without paying a commission, has been rumored to be adding the Shiba Inu as an investment option for some time now.
Users have speculated that the coin will soon be listed on Robinhood. However, this rumor has no reliable source yet to be confirmed. The Shiba Inu is not currently on Robinhood.
This is one way to swap Shiba Inu coin in trust wallet and this method can also be used to execute any kind of contract (swap) in Trust wallet. Thank you for reading if you have other thoughts after reading this article, you can drop them in the comment section below.