Steemit Crypto Academy | Season 3: Week 1 || Trust wallet,Binance Smart chain & How to Swap & Stake cake coin on Decentralized Pancake Swap exchange with Trust Wallet || Part 1

Question no 1 :

What is a Trust Wallet ?

Trust wallet is a decentralized mobile app where a crypto trader can store and trade tokens and coins.It also gives access to deffi project like pancakeswap, uniswap julswap etc;trust wallet is very easy to understand,use and access unlike some wallets(e.g) Binance wallet where you need to do verifications to get started and another amazing aspect of trust wallet is that it gives access to multi wallets which in the next few paragraphs i will be telling us how to create another wallet from trust wallet,it can be easily understood by new users or new crypto traders i guess

1b. How to find and install it from google play store to mobile phone ?

steps :

Step 1 . Go to google playstore app on your mobile phone

step 2 . Click on it,it will direct you to a page where you will find many uninstalled app

Step 3. Click on the search icon and type trust wallet to find,when it comes up

Step 4 . Click on the trust wallet

step 5 . Click on install to install the app

N.B :if you already have the trust wallet,you wont be able to install again, you might see update instead of install

How to create a new wallet on trust wallet? Explain the details of each step with the help of screenshot

steps

Step 1 . Open your trust wallet app from your andriod

Step 2 . Click on setting

step 3 . Click on wallet as indicated below by the arrow

step 4 . Click on the cross or plus icon at the right

step 5 .click on create a new wallet

step 6. Click on the small box to agree to the terms and conditions as the continue highlights to become clickable

Step 7. Click on continue

Step 8 . A 12 recovery phrase will be given (can't be screenshot) below will be a copy bottom,

Step 9 .Click on it, the phrase will be copied, write it out, then click continue

Note : Ensure to save the phrase properly for security purposes.

Step 10 . Select the phrase accordingly to the way they appear on the previous page then click continue

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 screenshot.

Answer

Binance Smart Chain (BSC) is a blockchain network that enables developers to build decentralized applications and also help users manage their digital assets cross-chain with low latency and large capacity.

Steps
Search for binanc chain wallet extension on your google chrome

Click add to desktop to add it to your chrome

Select add to wallet

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)

Answers

Note : Each step will be shown by an arrow on a screenshot, follow as directed, though i was not able to make a transaction because they was no request for bnb or trasaction by anyone, please pardon me for that

Steps

step1 Open your trust wallet and select smart chain

Step2 Click on the receive icon

Step3 Click copy to copy your wallet address

1. Login on binance and then click on wallet if you are using an android

Step5 Click the withdraw botton once done

Step6 Select BNB

step7 Long press to paste the address copied from your trust wallet

Step8 Click on automatically match the network to select network

Step9 Select Bep20

1. InPut the amount of coin you want to send then click send
   

Last step

• Two verification code will be sent to you.
• One to your mobile number.
• One to your email.
• Copy them both and paste accordingly and send

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.

Answer

Pancakeswap exchange is a decentralized exchange site that allows you to sell and buy coins and tokens without a centralised entity.
It is built on a binance smart chain network

Step 1

N.B : follow the arrows for each step

Click on the dapps where my arrow is pointed after you might have log in to your trust wallet

Step 2

Step 3

Step 4

Step 5

Step 6

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 screenshot.( transaction should be confirmed)

how to swap and stake cake

step1

Step2

Step3

Step4
Always make sure your network is on BSC

Step5

Select the coin you are swapping

step6

select cake

Step7
Input the amount you want to swap and click continue

Step8

step9

step10
Enable if its your first time of staking

Step 11

Add the amount of cake you want to stake

conclusion : I must start by thanking the professor @yousafharoonkhan and other professors for their immense effort in puting up these tutorial or lessons,they are really doing well.

In the case of digital currency, the decentralised apps or wallets has played a whole lot of sensitive role in keeping our tokens and coins safe and trust wallet has indeed made trading and transfer of tokens and coins easier for so many ,
Staking on the other hand has helped in the form of mining some tokens or cake