PancakeSwap is a native BNB Chain decentralised exchange. In other words, it is comparable to established platforms such as UniSwap in that user may trade their currencies for other coins without the involvement of a middleman. Users are now committing over $4.8 billion in cash to the site. PancakeSwap has never been hacked, making it extremely secure to use. The only dangers of using the PancakeSwap Exchange are temporary farm losses and the possibility of being scammed. PancakeSwap presents novel methods for generating additional revenue sources. The DEX allows users to safeguard gains while paying fewer costs. They may also easily earn rewards by staking and farming their tokens. The network facilitates the trade and issuing of securities (NFTs).
The first step in utilizing PancakeSwap is to build a wallet that is compatible with the BNB Chain. Trust Wallet, BNB Chain Wallet, and Coinbase Wallet are all options. You may also utilise MetaMask, but for the sake of this article, we’ll stick with Coinbase.
Today, we’ll go over a few steps to help you create your own Coinbase Wallet account, and then we’ll go over how to link your Coinbase Wallet to your PancakeSwap account. So, without further ado, let’s get started-
Creating A Coinbase Account-
- Visit https://www.coinbase.com or use your mobile device to download the iOS or Android app.
- Now, when you access the website/application, select Get Started from the drop-down menu.
- On the following screen, you’ll be asked for some current information, such as your legal full name, email address, password, and state. Enter correct and relevant information as proofs will be requested.
- Please read the User Agreement as well as the Privacy Policy. If you agree, check the box and click Create account (for website) or sign in (for application).
- Your registered email address will get a verification email from Coinbase. In the email you received from Coinbase.com, click Verify Email Address. The sender of this email will be no-reply@coinbase.com.
- To complete the email verification procedure, sign in again using the email and password you just supplied. You may also verify your phone number by receiving an OTP on your phone number, which is a similar process.
- Fill in your personal information and verify your identity to attach a payment method, and you’re ready to use your account.
How To Link Coinbase Wallet With Pancakeswap- Step By Step
1. Install The Coinbase Wallet-
To begin, you must first download and install Coinbase Wallet on your computer or mobile device. After you’ve completed the download and installation, you’ll need to set up an account. To open a Coinbase Wallet account, you don’t need a Coinbase account. You can go to the following step after installing Coinbase Wallet and establishing an account.
2. Click Connect Wallet From Home Screen-
Go to the PancakeSwap website for more information. Connect Wallet is located on the upper right corner of PancakeSwap’s site. Select it by clicking on it. It will present you with a variety of wallet alternatives. From the list in front of you, select Coinbase Wallet.
4. Allow The Link-
A Coinbase Wallet pop-up will appear once you’ve selected the Coinbase Wallet. This is the request for authorization. PancakeSwap can access your wallet balance, activity, and submit transaction requests with this permission. However, PancakeSwap is unable to transfer payments without your permission. So, click Connect since everything is safe and secure.
5. Switch To Bsc-
PancakeSwap will make another request when you click Connect. This popup will ask you if you want to switch to Binance Smart Chain (BSC). This is due to the fact that PancakeSwap was designed and runs on BSC. Toggle the network. That is all there is to it. On the PancakeSwap website, you can now see your Coinbase Wallet profile that’s been setup.
Conclusion-
You may trade or stake your crypto tokens on PancakeSwap when you’ve established a link. By clicking the wallet symbol in the upper right corner of the web page and selecting Disconnect, you can disconnect your Coinbase Wallet from PancakeSwap at any moment. We hope that this post answered your question on how to connect the two sites. Please let us know if you found this material useful, and please leave your comments and ideas in the box below, as they drive us to publish more and better content. Other Coinbase-related articles may be found on our website, where we publish daily technology-related stories. We hope you find the effort we put into this post worthwhile. Thank you for taking the time to go over this information.
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