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How To Use PancakeSwap With Metamask Wallet
By following the step-by-step guide outlined in this article, you will be able to easily connect your MetaMask wallet to PancakeSwap and start trading cryptocurrency. (10 min read)
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PancakeSwap is a decentralized network where you can purchase and trade various forms of virtual money known as tokens. It provides users with complete control over their finances and doesn’t rely on any one central authority. With PancakeSwap’s automated market maker (AMM) technology, trading tokens is quick and simple because you don’t have to find a buyer or seller.
Metamask is a digital wallet to store and manage digital currencies. Users may safely store their private keys using this browser extension and mobile application, and then use them to conduct transactions on several blockchain networks, including Ethereum and Binance Smart Chain. It is used to conduct transactions and communicate with decentralised applications (dApps) without having to disclose users’ private keys to anyone. Tokens can be purchased and sold on PancakeSwap and other sites using MetaMask.
We’ll demonstrate how to use PancakeSwap with MetaMask in this article. We’ll go over the procedures for setting up MetaMask, funding it, and using it to trade on PancakeSwap. With the help of these instructions, you will be able to securely and conveniently swap your preferred tokens on Pancakeswap.
Set Up Metamask
If you already have Metamask setup, you can skip this step.
Install Metamask Extension:
1. Go to the Metamask.io website and download the extension for Chrome. Remember to check the number of downloads and users, as hackers try to clone the extension. Make sure you get the legit one.
Click on Install Metamask For Chrome, regardless of whether you are using an Android or iOS the steps remain pretty much similar. Choose the options according to your need.
2. After the extension is downloaded, Click on Get Started, click on Create a Wallet→ I agree→ create your secure password→ click Create.
3. In the next phase, you will get your Secret Recovery Phrase, make sure to write down the Seed or recovery phrase on a piece of paper. Writing in a digital notepad or clicking a picture is not advised. Also, never share your seed phrase with anyone. After writing the secret phrase exactly. Click Next.
4. Re-enter your seed phrase and then click Confirm.
Setting Up Binance Smart Chain In Metamask
That’s it, your Metamask wallet is all setup. Next, we need to add Binance Smart Chain to our wallet.
1. Click on the top right corner icon→ Settings→Networks→Add Network.
2. After this, a form will come up, to get the information to fill up the form. Go to this site, connecting Metamask to Binance Smart Chain. Select the information from the Mainnet. After filling in the credentials, press Save.
3. After this, you can see a Smart Chain option, which means the Binance Smart Chain has been successfully added.
4. Swapping anything on PancakSwap requires Binance tokens. BNB tokens, not just the regular but the BSC (Binance smart Chain Network, BEP20). You have to have Binance smart chain tokens in your wallet in order to use PancakeSwap. Because PancakeSwap uses Binance Smart Chain Token for gas fees.
5. Go to CoinMarketCap→Search For PanCakeSwap→ Open Metamask and make sure you are on the Binance Smart Chain Network→click on the Metamask Icon then hit Add Token. Check the Metamask wallet, and you can see your coin is now there.
6. Go to PancakeSwap.finance, click on Trade Now→Choose your coins for swapping→click on Connect Wallet→Choose Metamask→Choose an account if you have multiple, then simply else press Next.
7. Choose your suitable swapping coins with amounts, then press Enable (your chosen token name)–> Permission window will pop up, press confirm→ A message should pop up telling, Transaction receipt Approve→Press Swap→Confirm Swap→Confirm.
And that’s it, you’ve successfully swapped your token.
To summarise, using PancakeSwap with MetaMask is an easy method that enables bitcoin trading in a decentralised and secure manner.
Following the detailed instructions in this post will make it simple for you to link your MetaMask wallet to PancakeSwap and begin trading cryptocurrencies. All things considered, PancakeSwap and MetaMask are strong tools that can assist you in taking charge of your cryptocurrency assets and engaging with the decentralised finance (DeFi) ecosystem.