Would you like to trade some delicious coins you have on Trust Wallet?
And maybe you just grew sick of waiting for the meme tokens to orbit the Earth.
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Regardless of your motivations, you should familiarize yourself with Trust Wallet’s selling features.
While traditional hot wallets store cryptocurrency in a custodial setting, Trust Wallet stores cryptocurrency in an unattended environment.
Therefore, the wallet interface cannot support transactions involving fiat currency.
In contrast, using Trust Wallet to trade, store, and acquire digital tokens is as simple. Today’s post will teach you everything you need to know about token exchanges using the Trust Wallet app.
The extreme market volatility associated with the crypto industry necessitates thorough investigation before making any financial commitments.
Anyhow, one of the greatest choices in terms of security is to acquire cryptocurrency and store it on a non-custodial wallet, such as Trust Wallet.
You can trust Trust Wallet with your money.
Read Also : What Are Trust Wallet Fees & How to Avoid Them
In addition, the deposit method expedites acquiring tokens like Binance Coins.
Now, let’s imagine you have the Trust Wallet app on your mobile device and want to exchange some meme coins for a stablecoin.
Swapping, essentially selling your crypto for others, is a necessary step toward this end.
How to Sell on Trust Wallet
You must consider the following three factors before determining which tokens to sell or swap:
Costs will always be associated with making a transaction or using a network. Your Trust Wallet or exchange of choice will detail all associated fees with each purchase or withdrawal before completing the transaction with you;
The process of exchanging one currency for another can differ depending on its type. For instance, Binance is the place to go to buy or sell Binance Coin (BNB);
The “meme coins” are a family of digital currency tokens that can only be traded on decentralized exchanges.
If you’re getting sick of using Trust Wallet, read this article to find out how to import your wallet into MetaMask.
Sell Crypto on Pancake Swap DApp
As a first option, you can use the popular decentralized exchange PancakeSwap to trade cryptocurrency through Trust Wallet.
There are other exchange options, such as UniSwap, but the most used one is PancakeSwap.
Not doing so will make submitting a transaction on PancakeSwapp difficult. Here you can find out how to activate the Trust Wallet DApp Browser.
Connect Trust Wallet to Pancake Swap
- Connecting your Trust Wallet to PancakeSwap is the next step after enabling the DApps browser on your account.
- You must link your wallet to the platform to know which address to send tokens to.
- Simply tapping the “Connect” button will trigger a pop-up window.
- Please refer to the post above if you have difficulty deciphering these pop-up messages.
- Select the Trading Pair and Swap Tokens
- Head to PancakeSwap’s “Swap” page to initiate a trade and pick your preferred currency pair.
- A display will reveal the current cost of the procedure.
- Before agreeing to a swap, weighing all possible transaction fees is crucial.
- To complete the sale of one cryptocurrency in exchange for another, you must ensure that all details are correct before tapping the “Confirm Swap” button.
- In addition, you may need to adjust the slippage tolerance before placing the transaction if the ” Insufficient Liquidity for This Trade” warning occurs.
Convert Crypto Trust Wallet
Trust Wallet also includes a built-in exchange program that enables users to trade one cryptocurrency in exchange for another; however, owing to clear limitations, it is not the greatest solution.
Tap “Swap” Within The Trust Wallet Application.
Launch Trust Wallet and then “Swap” on the main home screen.
There, you will find trading pairs and selling possibilities for your cryptocurrency.
Select “Exchange” and execute a rapid trade.
Select “Exchange” then. The application will prompt you to confirm the operation before executing it. As you can see, there are a few options available.
The majority of these coins function on the Binance Smart Chain.
Consequently, selling ETH for BNB is not available via this menu. Here you can learn more about BNB and Trust Wallet.
Withdraw from Trust Wallet to Bank Account (Fiat Currency).
Using a centralized exchange is the last remaining method for selling cryptocurrency.
You can only withdraw fiat if you transmit your coins to a centralized exchange.
So, suppose you have SafeMoon tokens on Trust Wallet that you wish to convert to dollars. This is what needs to be done:
Create a Binance Account
- On PancakeSwap, trade SafeMoon for BNB tokens;
- Send BNB to your Binance Exchange Address alphanumeric or QR code wallet (which can be found in the section labeled “Recipient Address”; this process is identical for other major cryptocurrency exchanges);
- Receive the tokens on Binance, designate your bank account as your payment method, and withdraw cash.
