🤑Trade tokens
Last updated
Last updated
In order to trade tokens, one must have available BNB on BSC chain. Get any BNB chain compatible wallet, and deposit BNB to your account. Some wallets (like Metamask) allow to purchase BNB for fiat money from within. If you already have crypto assets, bridging (transfer) of any crypto currency from popular networks to BSC chain can be done on the official bridge site: https://www.bnbchain.org/en/bnb-chain-bridge. Once you have BNB tokens on BSC you are good to go!
Once you have available funds simply find the coin you want to collect in and go to coin details page and use the swap widget to exchange BNB for the token of your liking.
Swaps are subject to slippage! Slippage is the difference between the expected price and the actual execution price due to changes in token supply and demand within the pool during the transaction. It occurs because the price increases as more tokens are bought, leading to potential price fluctuations during the swap
Default slippage is set to 5% and front-running protection is switched on. Slippage limit means that if the price difference (hence amount of tokens expected to receive during the swap) between expected and actual exceeds 5%, the transaction will fail. Front running protection prevents rogue traders to place a transaction right before and after your swap, thereby influencing the price in their favour. To access this settings click on the "Swap settings" button in the swap widget.
Advanced users only! In the popup modal you can modify the swap settings.
Once slippage is set up, it will remain saved in your browser local storage. If you access the site from a different device or browser, the default setting of 5% will be used. After coin liquidity pool amasses 22 BNB, it can only be traded on BabyDogeSwap Dex.