Posted on Tutorials
How to Swap BNB Tokens for BUSD via PancakeSwap
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.
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.
Click on "Connect"
And choose MetaMask (or Binance Chain Wallet)
Click on "Trade" then press "Exchange"
2. 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.
3. After you clicked "Swap" button your wallet extension confirmation window will pop-up:
Click "Confirm" button and swap transaction will begin.
Attention! To make any transactions with the BUSD stablecoin in the Binance Smart Chain network, you must have a BNB coin on your balance. Fees for transactions with the BUSD token are calculated only in BNB, so all fees will be automatically deducted from your BNB balance. If your wallet does not have the BNB cryptocurrency, then the Binance Smart Chain blockchain will not be able to carry out any of your transactions with the BUSD stablecoin!
Here is the list of approximate network fee for one transaction in BNB equivalent:
Registration fee for FORSAGE BUSD (X3, X4): ~ 0,0035 BNB
Commission for upgrading a new site in the X3 program: ~ 0,0015 BNB
Commission for upgrading a new site in the X4 program: ~ 0,0025 BNB