How to swap crypto into BUSD using PancakeSwap?

How to swap crypto into BUSD using PancakeSwap?

Team M.A.D



Pancakeswap is a decentralized exchange based on Binance Smart Chain. Pancakeswap does not involve an exchange with a specific user, but with a pool of liquidity. That is, tokens can be exchanged immediately without making an order. 

Please note: Pancakeswap only allows swap within the same network. That is, it is not possible to swap, for example, from the Ethereum network to the Binance Smart Chain network.


Step-1:

Registration in Pancakeswap is not necessary. All you need is to link your wallet. Further authorization will be done through the wallet. After linking, Pancakeswap will display the wallet balance.

Step-2:

The network will be displayed at the top of the wallet. By default, the Binance Smart Chain network is not displayed in Pancakeswap. It must be activated manually. You need to click on the network selection box and select "Custom RPC".

Then you need to enter the following data: 

  • Network name - Binance Smart Chain
  • New RPC URL - https://bsc-dataseed.binance.org/
  • Chain ID - 56
  • Currency symbol - BNB
  • Block explorer URL - https://bscscan.com

Step-3: 

After that, you need to click the 'Save' button, and then, after selecting 'Binance Smart Chain', click 'Add Network'. 

 

Step-4:

To swap tokens, you need to click the "Swap" button, and then select the cryptocurrency from your wallet and the coins that you will be swapping into. If your wallet balance is sufficient, the exchange will be available. It is done almost instantly.



Attention! In order to make any transactions with the BUSD stable coin on the Binance Smart Chain, you must have a BNB coin on your balance. Commissions for transactions with the BUSD token are calculated only in BNB, so all commissions will be automatically deducted from your BNB balance. If there is no BNB cryptocurrency on your wallet, then the Binance Smart Chain blockchain will not be able to carry out any of your transactions with the BUSD stable coin!

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