CRYPTO ACADEMY SEASON3 WEEK1 ASSIGNMENT POST FOR @yousafharoonkhan by @colonier

Introduction




20210703_034003.jpg

Assalamualikum I hope everyone is well, I read the task again agsin then start my assignment under for professor @yousafharoonkhan about the Trust wallet and Binance Smart Chain, how to link them or perform very interesting processes such as Swap or Staking on the PancakeSwap page. Thanks again to teacher @yousafharoonkhan for the class.

What is a Trust Wallet? How to find and install it from google play store to mobile phone? How to create a new wallet on trust wallet? Explain the details of each step with the help of screenshot.





Trust Wallet



Trust wallet is a decentralized platfrom that is used to reserving or funding cryptocurrency as well as trade cryptocurrency . Trust wallet is more secure and reliable for that its popularity spread whole cryto lover. It is one of the favourite wallets for us. The biggest feature of this wallets it is decentralized.all control handed of owner no doubt here or not possibility to stolen or hacked your founds. This cryptocurrency wallet was launched November in 2017. Trading is very easy and simple by this wallet after connecting with other DAAPS.

Use trust wallet you can be used to trade160,000 cryptocurrency coins that is too much high. If you want to transactions no need for KYC verification by this app because it is completely decentralized.

Trust wallet was acquired by Binance in 2018 making it Binance official decentralized wallet. It provide clients or users enter into cryptocurrencies examples BTC,TRON, Ethereum, LTC, Binance Chain tokens(BNB),Ethereum contract tokens, ,EOS tokens, Cosmos (ATOM), and so on. Trust Wallet also allows people to stake their coins and perform other activities.

This wallet is also easy to use. You will be easily downloaded and used from Google Play Store. Now I will show you how to download the app and open an account two but can't show two screenshots becuse that will not shot.

How to find and install it from google play store to mobile phone?



I have installed Trust wallet on my phone, I will be explaining how to get it installed from google playstore. To get Trust wallet installed on your mobile phone from Play Store, you visit

https://trustwallet.com, after which you click on "Get it on Google PlayStore".

20210703_034213.jpg


20210703_034500.jpg



Go to Google playstore or browser chrom where you click on download after which it will be downloaded into your phone.



20210703_034908.jpg

After downloading the Trust Wallet, you open the application from your mobile device.

20210703_035322.jpg



When the Trust wallet is Launched, I click on "Create a new wallet".

20210703_035516.jpg



After clicking on the "Create a new Wallet" the Legal page is opened where you are to accept the terms of service and privacy policy. After accepting the terms, you click on "Continue". to back up the wallet.'

20210703_035637.jpg

After clicking continue, the recovery phrase shows up and you are never to share the phrase with anyone, Due to security reasons, I can't put the screenshot to this. After writing down the phrase,

20210703_035937.jpg

you rewrite the phrase, and then the wallet is created.

Question no 2:

What is Binance Smart Chain (BSC)? How to add its extension application in google chrome? How to create a new wallet on BSC? Explain the details of each step with the help of screenshots.



Binance Smart Chain



Binance smart chain i would like to say that it is a decentralized blockchain that runs similarly to binance chain. Binance smart chain was to help users to have platform to create DApps, binanace smart chain establish depends on the proof of stake(pos) consensus algorithm. Binance transitions speed high as well as transaction charge is not hig.h it can be Control an average of 1,250,000 transactions per day.Binance smart chain runs faster Defi applications than Ethereum.It has a standard BEP20 Token that works in a same Method to the ERC20 of the Ethereum network.

How to add its extension application on Chrome



I will explain how to add the Binance Smart Chain (BSC) on chrome.

To start, visit
https://www.binance.org/en

First of all go to Binance Official Website then click on Google Chrome icon.

20210703_051011.jpg

Then click on add to chrome button.


20210703_051029.jpg

Than add extension


Start Binance chain wallets creating



20210703_051509.jpg

There are two methods to create a wallet, either create a seed phrase. I will be clicking on creating an account with seed phrase.


20210703_051526.jpg

Next step is to create a password and confirm the password.


20210703_051920.jpg



Next step is to copy backup phrase and click on continue


20210703_051940.jpg

Binance Smart Chain Wallet is created


Question no 3:

How to deposit any BNB (BEP20) coin from the Binance Exchange to Trust Wallet or Binance Smart chain? How to link the Trust wallet to the binance smart chain?Explain the details of each step with the help of screenshot.( transaction should be confirmed)



I try to see you how to deposit BNB (BEP20) coin from the Binance Exchange to Trust Wallet.
If any one follow those steps they can easily transfer BNB (BEP20).

Step 1:



20210703_124737.jpg

You go to Trust wallet, and click on Smart Chain BNB.


Step 2:



20210703_124754.jpg

Then click on Recieve sign


Step 3:


20210703_124815.jpg

Two options have here. you scan QR code or Copy Smart chain address.

Copied that address.


Step 4:



20210703_125018.jpg


20210703_124831.jpg

Then go to Binance Exchange, go to Spot and search BNB. Then click on BNB OR if have BNB go to wallets


Step 5:


20210703_124853.jpg

Click withdraw option


20210703_124911.jpg

  • Then paste receiving address of Smart chain BNB and the enter BNB amount if you want to send.
    After that Click on Withdrawal buttom.then you have to verify your transaction.

Step 7:



20210703_124928.jpg

Confirmed order address and click


20210703_124947.jpg

your transaction is successful or not.


20210703_125002.jpg

Now my wallets has 6.19 dolllar


Question no 4:

What is PancakeSwap Exchange ? How To Link Pancakeswap exchange with Trust Wallet or Binance Smart exchange? Explain the details of each step with the help of screenshot.



PancakeSwap exchange is a decentralized exchange that uses an (AMM) model of exchange on Binance Smart Chain.. It is similar to UniSwap, the Ethereum Pancake swap also allows for staking, if we want some new coin or you don't Find out coinmarketcap you can buy currency easily use PancakeSwap. Need to connect trust wallets or Binance smart chain etc. Pancake allows for decentralization, privacy. it is charge less and transactions are faster since they are BEP-20 tokens.

How To Link Pancakeswap exchange with Trust Wallet



20210703_130602.jpg

Log in your Trust wallet and go to the DApps page.


20210703_130626.jpg

search options writre pancakeSwap or see below.



20210703_130645.jpg

When PancakeSwap is opened, Click on Connect


20210703_130901.jpg

Trust wallet is connected to Pancake Exchange



Address

0xB807B1080eE76D3A4A9eaFAB27AC6AB451887FeB


Question No 5:

How to Swap & Stake cake coin on Decentralized Pancake Swap exchange with Trust Wallet or BSC? Explain the details of each step with the help of screenshots. ( transaction should be confirmed)


Swap:



Now, I will be swap Cake from Binance smart chain

20210703_131939.jpg

First of all, go to trust wallet and then click on three dot button on the right top corner of the wallets.

20210703_141342.jpg


Click trade options



20210703_132001.jpg


Then click on Exchange button.


20210703_132026.jpg


Then enter Cake coin on Select currency .Then enter amount.

Then Click on Swap button.


20210703_132042.jpg

Then click on Confirm Swap button.


20210703_132059.jpg

Then click on Approve button.


20210703_132114.jpg

Then transaction is okey and your coin will be in your wallet.


Stake:



Staking on PancakeSwap


20210703_142656.jpg

For staking, Click on Pools button.



20210703_142713.jpg

Again connect


20210703_142728.jpg

Then pick the pool to stake.

I will select auto Cake Stake.Then Click on Enable.


20210703_142744.jpg

It cost some fee. Click on Approve button.


20210703_142800.jpg

Then click on Stake button.


20210703_142814.jpg

And then confirm Stake.


20210703_142831.jpg

Click on Approve button.



20210703_142848.jpg

In this way your cake will be staked.


Conclusion



I have learnt from this lessons how to open connect BNB smart chain or Trust wallet and also learnt trust wallet connect with pancakeSwap. Some time we want buy new currency but we don't find different Exchange account or coinmarketcap now we easily buy unlisted coin. Through Trust wallet Dapp. Trust wallet is decentralized apps.all control remain clicents and more secure, reliable.

Thank you all

Sort:  

Respected first thank you very much for taking interest in SteemitCryptoAcademy
Season 3 | intermediate course class week 1

CriteriaCalculation out of 2remarks
Presentation/quality1.5thank you very much for taking participate in intermediate class course
Originality2/2
Compliance with Topic1.4
Clarity of Language1.2
Quality of Analysis1.3
Grand total7.4looking good

thank you very much for taking interest in this class

Coin Marketplace

STEEM 0.17
TRX 0.16
JST 0.029
BTC 76095.48
ETH 2918.89
USDT 1.00
SBD 2.65