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Re: SeeBeeDee post# 5089

Monday, 12/06/2021 11:25:57 AM

Monday, December 06, 2021 11:25:57 AM

Post# of 5807
Quick reference guide for buying alt coins in U.S.

Trust Wallet / Metamask
~Uniswap for ERC 20 (ETH)
~Pancake Swap for BEP 20 (BNB)

ERC 20 is Ethereum (ETH). BEP 20 is Binance Coin (BNB), and a majority of the alt coins. Either way there will be the initial purchase of coins on the exchanges that work in the US (Coinbase or Binance.us). The conversion process involves sending ETH or BNB from Coinbase or Binance to Trust wallet or Metamask and then using either Uniswap or Pancake Swap depending on which alt coin needs to be purchased. I have not been able to buy coins directly from trust wallet or pancake swap because none of the payment methods work for me.

If you want to use cash to buy your initial coins from an ATM there is an extra step because all the ATM's are ERC 20 and mostly offer Bitcoin, Ethereum, and Litecoin. I could not get the ATM near me to recognize the Trust Wallet address but it did recognize the Coinbase address. It is pretty cheap (fractional pennies) to send Litecoin from Coinbase to Binance and then sell the Litecoin to buy BNB for transfer to Trust Wallet'. Or you can just wire money to Binance for a quicker turnaround.

As an example; in order to buy DogeZilla (BEP 20 coin) Trust Wallet needs BNB coins to facilitate the swap in Pancake Swap. The first step in Trust Wallet is to convert your BNB into BNB Smart Chain. It is just a button push using the DEX button at the bottom of your Trust Wallet. It is painless and easy. Then you select Pancake Swap from the DApps button just to the left of the DEX button and import the DogeZilla address 0x7a565284572d03ec50c35396f7d6001252eb43b6 into Pancake Swap. Then you just use that to swap out your BNB for DogeZilla. The swap has a fee of a couple bucks which you will use BNB to fund.

The fee from Binance BNB to Trust wallet is a low. And, the swap from BNB to DogeZilla is dependent on time of day, traffic/volume, etc. So leave a little extra for fees. If you want 100 dollars worth of DogeZilla it will probably cost about $110 when it is all done. Also, on the swap page you might need to adjust the 'slippage' percentage. Click the gear icon to change slippage. If the transaction fails repeatedly raise the slippage. I actually was able to use 1% at first but needed 12% a couple times.

In order to buy ERC 20 alt coins, Uniswap needs Ethereum to handle the fees.

This is not financial advice. You could probably achieve similar results by randomly burning a twenty dollar bill whenever you want to trade alt coins.


https://www.dextools.io/app/bsc/pair-explorer/0x2f3bc6cf06d4f967d412ec985fd8b5d59df64d09


import 0x7a565284572d03ec50c35396f7d6001252eb43b6 on pancake swap

https://coinmarketcap.com/ will show all the new coins and what address you need to import into uniswap or pancake swap.

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