How to buy

Binance-Peg Polkadot Token

DOT

on

PancakeSwap
Binance-Peg Polkadot Token

Polkadot is a blockchain project that aims to connect blockchains, to enable the transfer of value and logic across chains.

1

Create a wallet

This guide shows how to create a wallet in the Trust Wallet app but you can use any other Smart Chain wallet like Metamask.

Download Trust Wallet and set up your account.
Keep your seed phrase a secret, never share it with anyone.

2

Buy some BNB

  1. BNB is a cryptocurrency that can be swapped to others tokens like DOT. You can either buy BNB directly in Trust Wallet or get it on an external exchange like Binance or Crypto.com and then send it to your wallet.

    How to buy Binance-Peg Polkadot Token, screen 2.1
    Binance-Peg Polkadot Token

    Binance-Peg Polkadot Token

    DOT

  2. Once some BNB is in your wallet, make sure it’s Smart Chain (black icon) and not regular BNB (yellow icon). You can swap regular BNB to Smart Chain in the app.

    How to buy Binance-Peg Polkadot Token, screen 2.2
    Binance-Peg Polkadot Token

    Binance-Peg Polkadot Token

    DOT

3

Go to PancakeSwap

PancakeSwap is an exchange where you can swap one Smart Chain token to another. To do it, you need to connect it to your wallet.

  1. Open pancakeswap.finance/swap in your mobile browser.

    How to buy Binance-Peg Polkadot Token, screen 3.1
    Binance-Peg Polkadot Token

    Binance-Peg Polkadot Token

    DOT

  2. Tap the Connect Wallet button.

    How to buy Binance-Peg Polkadot Token, screen 3.2
    Binance-Peg Polkadot Token

    Binance-Peg Polkadot Token

    DOT

  3. Tap Wallet Connect and choose Trust.

    How to buy Binance-Peg Polkadot Token, screen 3.3
    Binance-Peg Polkadot Token

    Binance-Peg Polkadot Token

    DOT

  4. This should bring the Trust Wallet app with a confirmation screen. Tap Connect.

    How to buy Binance-Peg Polkadot Token, screen 3.4
    Binance-Peg Polkadot Token

    Binance-Peg Polkadot Token

    DOT

  5. Go back to the browser. Your wallet should be now connected to PancakeSwap.

    How to buy Binance-Peg Polkadot Token, screen 3.5
    Binance-Peg Polkadot Token

    Binance-Peg Polkadot Token

    DOT

4

Swap BNB to DOT

  1. Tap Select a currency on the PancakeSwap trading view.

    How to buy Binance-Peg Polkadot Token, screen 4.1
    Binance-Peg Polkadot Token

    Binance-Peg Polkadot Token

    DOT

  2. Copy the Binance-Peg Polkadot Token contract address: 0x7083609fCE4d1d8Dc0C979AAb8c869Ea2C873402, make sure it’s correct (check the official website), and paste it to the token field. You may need to wait a moment before PancakeSwap displays the token. If it doesn’t help, refresh the page and try again.

    How to buy Binance-Peg Polkadot Token, screen 4.2
    Binance-Peg Polkadot Token

    Binance-Peg Polkadot Token

    DOT

  3. Tap the Import button once the token is loaded.

    How to buy Binance-Peg Polkadot Token, screen 4.3
    Binance-Peg Polkadot Token

    Binance-Peg Polkadot Token

    DOT

  4. Approve the import in the next step.

    How to buy Binance-Peg Polkadot Token, screen 4.4
    Binance-Peg Polkadot Token

    Binance-Peg Polkadot Token

    DOT

  5. Enter the amount of BNB you want to trade for DOT. Don’t swap all of your BNB – keep a few dollars worth of BNB to cover future transaction fees!

    How to buy Binance-Peg Polkadot Token, screen 4.5
    Binance-Peg Polkadot Token

    Binance-Peg Polkadot Token

    DOT

  6. Almost there! Tap the gear icon and set the Slippage tolerance to 11-15%. Slippage corresponds to the transaction tax and token price volatility. The bigger the percentage, the higher the change of a successful transaction, but you may get respectively fewer tokens.

    How to buy Binance-Peg Polkadot Token, screen 4.6
    Binance-Peg Polkadot Token

    Binance-Peg Polkadot Token

    DOT

  7. Tap Swap.

    How to buy Binance-Peg Polkadot Token, screen 4.7
    Binance-Peg Polkadot Token

    Binance-Peg Polkadot Token

    DOT

  8. Confirm the transaction in Trust Wallet.
    That’s it! You’re now the proud owner of Binance-Peg Polkadot Token. If you wish to sell your DOT in the future, just swap it back to BNB.

    How to buy Binance-Peg Polkadot Token, screen 4.8
    Binance-Peg Polkadot Token

    Binance-Peg Polkadot Token

    DOT

  9. If you don’t see Binance-Peg Polkadot Token in Trust Wallet, you may need to add it manually. Tap the toggle icon in the upper right corner, then find the Add Custom Token button. Tap it and you should see the Add Custom Token screen. Select Smart Chain in the Network field and paste the Binance-Peg Polkadot Token contract address. The token will be added to the wallet.

    How to buy Binance-Peg Polkadot Token, screen 4.9
    Binance-Peg Polkadot Token

    Binance-Peg Polkadot Token

    DOT