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What is PancakeSwap?

RESOURCES

PancakeSwap is a decentralized exchange for swapping BEP-20 tokens.  In the recent month's, there have been thousands of new tokens introduced to the BEP-20 market.  PancakeSwap allows users to swap BNB smartchain coins for any BEP-20 available in the marketplace.

Guide to buying tokens on PancakeSwap

This is the easiest to follow video I've found that walks a beginner through the process of buying tokens on PancakeSwap.  Below the video is a written step by step outline. 

*Note* You'll need a Binance.US account to purchase BNB coins.  Signup for Binance.US using this link.

Step 1: Buy BNB on Binance.US.  If you do not have a Binance.US account, get one here.

Step 2: Setup Trust Wallet.  Download Trust Wallet from the app store, create your new wallet account and write down your passphrase.

Step 3: In Trust Wallet, click on BNB, click receive & copy the receive wallet address.

Step 4: Go to your Binance.US exchange and paste the BNB address which you’ve copied from Trust wallet.

Step 5: Swap BNB to BNB Smart Chain.  In Trust Wallet, click on “More” and click on “Swap to Smartchain”

Step 6 for Android users: Go directly to DApps,

Step 6 for iPhone users: Go to your browser on your phone (use safari for iphone) then paste this address into safari: trust://browser_enable

Step 7: In Trust Wallet, look for Pancake Swap from the list of DApps.

Step 8: Connect to your Trust Wallet by clicking the Connect button in the top right corner

Step 9: Ensure you're connected to the BNB Smartchain network.  On the top left corner, click on the icon and choose Smart Chain from the drop down options. 

Step 10: Go to CoinMarketCap.com or other token listing site to find the token's contract address.

Step 11: Copy contract address and paste it in the Pancakeswap and choose your token. Select the amount you want to swap & Swap.

Step 12: Depending on the token's liquidity, you may have to adjust the Slippage Rate.  Keep increasing the Slippage until you're able to process the swap.

Step 13: Enable your token to be seen in Trust Wallet. On the Trust Wallet tab that shows your coin balances, click the settings icon in the top right corner. Scroll to find your token and enable it to be visible, or paste your token's contract address in the search bar and enable it.