How and where to Sell or buy crypto Cryptocurrency or tokens?
It’s a good question, How and where to Sell or buy crypto Cryptocurrency or tokens??
Lets first start with some definitions.
What is crypto currency
Collection of binary data which is designed to work as a medium of exchange and a native asset of a blockchain like BTC or ETH.
What is crypto token
Tokens are built on an existing blockchain, using smart contracts, like EIP-20 tokens or ETH tokens
Before all you should know that crypto market is highly volatile, you should only buy what you can afford to lose.
While we give you how to guideless, the security of your wallet and funds relay on you, you should never share your private key or word seeds with anyone.
How to create crypto wallet
After you choose the suitable wallet for you, choose create new wallet, save the key phrase or private key in a safe place and you are good to go.
You can try one of these wallets if you like
For mobile
For PC
- Binance Wallet chrome extension
- Exodus
- TrustWallet
Where to sell or buy crypto Cryptocurrencies?
- Binance
- Crypto
- Blockchain
- Coinbase
- Kraken
- CoinMama
Where to sell or buy crypto tokens or Cryptocurrencies?
- Pancakeswap
- bakeryswap
- sushi swap
- uniswap
Of course there are many others, but connecting your wallet to any website is a very risky business, so we choose safety over diversity.
PancakeSwap
Decentralized platform to exchange tokens and crypto with an easy interface.
Support Metamask, Binance Chain, Trust Wallet, SafePal, etc
Pancake Exchange
How to connect my wallet to PancakeSwap?
- Navigate to Pancakeswap
- Click on connect wallet
- Choose your wallet
- Enter your password and submit
Connect Trust Wallet to PancakeSwap
There are two methods, with a Metamask extension or through mobile, we will demonstrate it through mobile app
- Open Trust wallet application
- Click on Dapps icon
- Scroll down till you find PancakeSwap in Defi section
- Click on PancakeSwap and hit connect if you are not connected
- Choose Trust Wallet
PancakeSwap Coin
CAKE https://coinmarketcap.com/currencies/pancakeswap/
How to Sell or buy crypto currencies or tokens on PancakeSwap
If you already familiar with exchange platforms then you can skip the next paragraph
If you are new you need to have some BNB or ETH in your wallet before doing any exchange.
This is required because of something called Gas Fees, so you are required to have some BNB or ETH in your wallet for the gas fees.
You can buy it directly from any exchange platform like binance or crypto, it’s an easy process and straight forward
How to Buy or sell crypto on pancakeswap
- Open Pancakeswap
- connect your wallet
- Enter the password
- Choose the pair you need to exchange
- set the amount
- Adjust the Slippage Tolerance value
- Hit swap
- Confirm the transaction from your wallet
How to sell richquack usdt
The Slippage Tolerance value differ from one token or currency to other, the value depends on the current status of the market.
Sometimes it could reach 20% maybe higher depending on the current price and the number of transactions.
You can change directions depending on you are buying or selling.
How to add a token to pancakeswap
You can add any token you want to pancakeswap as long as you have to contract address.
In this part you need to be very careful because adding the wrong contract address will coast you huge loses
We will show you how to add Richquack token into PancakeSwap as an example
- Open RichQuack’s CoinMarketCap page
- Contracts -Binance Smart Chain
- From this link copy the contract address
richquack contract address - In pancakeswap click on coin symbol
- Click on Manage Token
- Click on Tokens
pancake custom token - Paste the contract address
- Import
- Acknowledge
- Import
Now you have your token!
How to solve Insufficient output amount error on PancakeSwap
Usually we get this error due to wrong Slippage Tolerance value so sometimes you need to increase it till it accept it.
What is Slippage Tolerance
Slippage Tolerance is the pricing difference between the price at the confirmation time and the actual price of the transaction users are willing to accept when swapping on AMMs. Slippage tolerance is set as a percentage of the total swap value.In the case of volatile markets or low-liquidity pools, users can complete the transactions faster and avoid failures by accepting a higher slippage and slippage tolerance percentage.
How to Adjust Slippage Tolerance
- Click on setting icon
pancakeswap-settings - Adjust the Slippage Tolerance value
- Close the window
PancakeSwap MetaMask
You can connect your MetaMask wallet with the same steps above as Binance Wallet
SafeMoon PancakeSwap
You can exchange, buy or sell SafeMoon token with the same steps above.
Probably it’s on the Pancakeswap list, so you won’t have to add it manually.
How to solve { The transaction cannot succeed due to error: cannot estimate gas; transaction may fail or may require manual gas limit.}
Here are three possible solutions:
- Adjust the Slippage Tolerance value
- Check the token or currency’s contract and make sure it’s legitimate not a scam
- Change the last number in your exchange to 1, for example if you want to exchange 1000 coin to USDT, make it 1001
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