Crypto Academy / Season 3 / Week 1 - Homework Post for [@yousafharoonkhan] by @mousumimou
#Introduction
Welcome all ,Today, it is well part of Season 3 of Steemit Crypto Academy and I am happy because I got a opportunity work professor @yousafharoonkhan. class on "Trust wallet, Binance Smart chain & How to Swap & Stake cake coin on Decentralized Pancake Swap exchange with Trust Wallet". .
Question No 1:
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 screenshots.
Trust wallet
Trust wallet is a decentralization crytocurrency wallet. This wallet is invented by Viktor easily last 2017.
Users can use the trust wallets undoubtedly because it is decentralization system. All wallets control to clicent or ouser.you can find out maximum cryptocurrency there. If any one want to long term deposit her funds in trust wallet it is too much secure. A user can deposit around 160 thousands dollar easily. A users see many types of coin such as BNB,Ripple, TRoN, BTC,LTC coin etc. For different currency use different address provide trust wallets.if lost your pass word no tension you can recover your password by 12 phase when you open the trust wallets. Users can have access to DApps unlike centralized wallet and private key also hand over every single users.
How to find and install it from google play store to mobile phone?
Now, I will tell you how and where to download Trust wallet from google play store.
First of all go to Trust Wallet official website https://trustwallet.com/ then click on Google Play Store button.
After that, you will open on your phone or monitor, then click on Installed button to install trust wallet in your mobile.
After you see install button , you have to launch Trust wallet application in your mobile.
Click open button
In this way, trust wallet is installed from google play store on mobile.
How to create a new wallet on trust wallet?
First of all, open Trust Wallet in your mobile.
Then click on Create A New Wallet.
After that tick on you will read and accept the Terms of services and Privacy policy. And then click on Continue button.
After that tick on you understand that if you lose your recovery words, you will not be able to access my wallet. Then click on Continue button.
then you will appear on your screen which have a 12 phrase key. Copy these 12 words and save it on secured places and accounts. Then click on Continue button
Then Verify recovery phrase by entering again in sequence. The click on Done button.
After that this interface will appear, click on Done button.
In this way, your Wallet was successfully created on Trust wallet.
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 alternative to the Ethereum Blockchain, I have a Binance Smart Chain. Binance Smart Chain is a Blockchain begun for decentralized token, it is decentralized applications. Binance Smart Chain (BSC) charge very high for transactions, permited for Digital contract functionality and compatibility with the Ethereum. Binance chain work like Metamask.it is transaction or trading charge very high but it is Very easy.
I will explain how to add the Binance Smart Chain (BSC) chorom
To start, visit https://www.binance.org/en
How to add its extension application in google chrome?
Now I will tell you how to add BSC extension application in google chrome.
First of all go to Binance Official Website then click on Google Chrome icon.
Then click on add to chrome button.
Than add extension
How to make a wallet on Binance Smart Chain?
Click on Extension icon and then click on Create Wallet button.
Then Click on Generate Seed Phrase button.
Then enter a strong password.
Then copy your given Seed phrase and save it on safe place or notes
Verify your seed phrase.
Then your wallet is ready to use.
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 will show you how to deposit BNB (BEP20) coin from the Binance Exchange to Trust Wallet.
In these steps you can easily transfer BNB (BEP20).
Step 1:
You go to Trust wallet, and click on Smart Chain BNB.
Step 2:
Then click on Recieve button.
Step 3:
Then there are two options, you scan QR code or Copy Smart chain address.
Copied that address.
Step 4:
Then go to Binance Exchange, go to Spot and search BNB. Then click on BNB.
Step 5:
Then paste receiving address of Smart chain BNB and the enter BNB amount you want to send.
After that Click on Withdrawal buttom.then you have to verify your transaction in two ways, first is Sending code to Mobile number and second is to send code to Email. This interface screenshot is permitted.
Step 7:
Confirmed order address and
Then go to Trust wallet and see that transaction is successful or not.
Now my wallets has 9.58 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:
PancakeSwap is a decentralized exchange. It is follow Automated Narket Maker model. This exchange as like as works on Binance Smart chain BEP20 tokens. UnISwap exchange was made by Ethereum blockchain, just like that PancakeSwap exchange was made on Binance Smart Chain.if anyone want to buy unlisted coin from market if they use pancakeswap easily buy with Coinmarketcap site easily.
How To Link Pancakeswap exchange with Trust Wallet?
First of all go to Trust Wallet app.
Then go to DApps.
then you can see PancakeSwap exchange. Click on that.
After that you will be appeared. Click on Connect button.
Then you can clearly see that your wallet is connected to PancakeSwap exchange and deposit balance
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?
Swap:
Now, I will be swapping Cake from BNB smart chain
First of all, go to trust wallet and then click on three layer button on the right top corner of wallets.
Then click on Exchange button.
Then enter Cake coin on Select currency . Then enter amount.
Then Click on Swap button.
After that click on Confirm Swap button.
Then click on Approve button.
Then transaction is submitted and your coin will be in your wallet.
Stake:
For staking, Click on Pool button.
Then pick the pool to stake.
I will select Manual Cake Stake.
Then Click on Enable.
It cost some fee. Click on Approve button.
Then click on Stake button.
And then confirm Stake.
It will be charged same. Click on Approve button.
In this way your cake will be stake.
Conclusion:
This course is informative and knowledgeable for us we know from this course about Swap,stake, wallet and exchange, decentralized and centralized systems as well as how to BNB smart chain work and how to buy unlisted coin from Pancakeswape. How to open trust wallet and deposit.
Respected first thank you very much for taking interest in SteemitCryptoAcademy
Season 3 | intermediate course class week 1
thank you very much for taking interest in this class
i could not find your transaction address detail.
thanks