Explained: trading TRL on PancakeSwap
Our main utility token TRL is now officially listed and tradable on PancakeSwap. In this article, we’ll explain all there’s to know about trading TRL tokens on this decentralized exchange.
Here are the 7 steps towards trading TRL (Triall) tokens on PancakeSwap:
STEP 1. Install a web3-compatible wallet (e.g. MetaMask). Traders need a web3-compatible wallet to be able to interact with the liquidity pool on PancakeSwap. The most common and popular web3 wallet is MetaMask.
For those that are new to crypto, here’s a brief guide on how to install MetaMask: (a) download the MetaMask browser plugin; (b) ensure the plugin is activated inside your browser; (3) create a new password and write down the Secret Backup Phrase in a safe place. MetaMask will now create a new BNB address for you; (4) Buy some BNB on your preferred exchange (e.g. Binance, Kucoin, etc.); (5) Send BNB to your MetaMask wallet address (make sure to double check your address so that your funds don’t get lost).
👉 Tip 1: Here’s an overview of web3-compatible wallets.
👉 Tip 2: Never share your password or secret backup phrase with anyone.
👉 Tip 3: Remember to double check the first and last 4 digits of your BSC address each time you initiate a transaction towards this address.
STEP 2. Visit PancakeSwap. Go to https://pancakeswap.finance/swap.
STEP 3. Connect your wallet. Click the ‘Connect to a wallet’ button in the upper right corner of your screen, and select the wallet you want to use to interact with PancakeSwap.
STEP 4. Search for the TRL/BNB trading pair. First ensure that BNB is selected at the top and then click the ‘select a currency’ button and search for the TRL (Triall) token or paste the TRL (Triall) contract address: 0xe2eb47954e821dc94e19013677004cd59be0b17f
STEP 5. Select the purchase amount. Type the amount of BNB you want to spend, and you’ll automatically see the amount of TRL you will receive. Below, you’ll see an example screenshot of the BNB/USDT trading pair, at the time when 1 BNB equaled 550.561 BUSD.
STEP 6. Swap the tokens. Click the ‘Swap’ button to initiate the transaction.
STEP 7. Sign the transaction with your wallet. Your wallet will open a new window asking you to confirm the transaction. Click the confirm button and wait until the transaction is completed. Be patient, this can sometimes take a few minutes. After completing these steps you will see TRL (Triall) tokens in the balance on your wallet. Congratulations on becoming a TRL holder!
👉 Tip 4: Want to learn more about PancakeSwap and how it works. Have a look at this insightful article by Binance Academy.