How and Where to Buy Poodl Token (POODL) – Detailed Guide

But we are not done so far. We need to convert our BTC into POODL. As POODL is presently listed on PancakeSwap we will guide you through how to convert your BTC on the platform. Unlike other centralized exchanges the conversion steps will be a little different on PancakeSwap since it is a decentralized exchange ( DEX ) which does not require you to register an account nor going through any KYC process, however, trading on a DEX requires you to manage your own private identify to your altcoin wallet and it is suggested that you take supernumerary worry of your wallet individual samara, because if you lost your keys, it means that you will lost entree to your coins constantly and no customer support will help you retrieve your assets back. Although if managed properly it is in fact more secure to store your assets in your own individual wallet than on commute wallets. If you are silent uncomfortable with using a DEX fair however, check if POODL is available on any other traditional centralised exchanges on the tab above. Otherwise let ’ s keep up these steps carefully .

Convert your BTC into BNB on Binance

PancakeSwap is a DEX that is like to Uniswap/Sushiswap, but alternatively it runs on Binance Smart Chain ( BSC ), where you will be able to trade all BEP-20 tokens ( as oppose to ERC-20 tokens in the Ethereum blockchain ), unlike Ethereum, it greatly reduces the deal ( gasoline ) fees while trading on the chopine and is gaining popularity recently. PancakeSwap is built on an automatize market godhead ( AMM ) system which relies on user-funded liquidity pools and that is why it can work perfectly without a traditional order record from centralised exchanges. In short-circuit, as POODL is a BEP-20 nominal running on Binance Smart Chain, the quickest room to buy it is to transfer your BTC to Binance ( or the exchanges listed on the postpone below for US traders ), convert it into BNB, then send it to your own wallet via Binance Smart Chain and swap your BNB for POODL on PancakeSwap. US traders should consider signing up on the exchanges below.

once you have registered on Binance or the exchanges suggested above, head over to the wallet page and choose the BTC and snap deposit. Copy the BTC address and head binding to UpHold, withdraw your BTC to this cover and wait for it to arrive, this should take around 15-30 minutes depending on usage of the BTC network. once arrived, trade your BTC to Binance Coin ( BNB ) .

Transfer BNB to your own wallet

hera comes the trickiest part of the march, now you need to create your own wallet to hold both BNB and POODL, there are several options to create your own wallet, the best option is to use a hardware wallet, such as Ledger Nano S or Ledger Nano X. They are procure hardware that provide assorted layers of security to protect your assets, you only have to store the seed phrases in a dependable home and never put it on-line ( i.e. do NOT upload the seed phrases to any cloud services/storage/email, and besides do not take photograph of it ). If you are planning to stay in the crypto view for a while, it is highly recommend that you get a hardware wallet .Ledger Nano S

Ledger Nano S

  • Easy to set up and friendly interface
  • Can be used on desktops and laptops
  • Lightweight and Portable
  • Support most blockchains and wide range of (ERC-20/BEP-20) tokens
  • Multiple languages available
  • Built by a well-established company found in 2014 with great chip security
  • Affordable price

Buy NowLedger Nano X

Ledger Nano X

  • More powerful secure element chip (ST33) than Ledger Nano S
  • Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
  • Lightweight and Portable with built-in rechargeable battery
  • Larger screen
  • More storage space than Ledger Nano S
  • Support most blockchains and wide range of (ERC-20/BEP-20) tokens
  • Multiple languages available
  • Built by a well-established company found in 2014 with great chip security
  • Affordable price

Buy Now alternatively you can create your own wallet, here we will use MetaMask as an model to show you how to set up your wallet .

Add MetaMask extension to Chrome

We recommend using Google Chrome or Brave Browser here. Go to Chrome Web Store and search for MetaMask, make indisputable the annex is offered by hypertext transfer protocol : //metamask.io for safety and then click Add to Chrome .MetaMask Proceed with “ Get Started ” and then click on “ create a wallet ” in the following screen, read all the instructions on the future screen and then click “ Agree ”MetaMask following choose a dependable password to secure your MetaMask wallet, this password is not your private samara or sow phrases, you only need this password to access the Chrome Extension.

MetaMask here comes the backup phrase generation dance step, on the screen you will see a tilt of random words appearing after you click “ unwrap secret words ”, write these words down on a part of newspaper and do not always save them online, anywhere. For supernumerary security you may even consider getting a Cryptosteel Capsule from Ledger to store your phrases securely and physically .CryptoSteel Capsule Solo once you have saved your seed phrases securely, confirm on the next sieve by verifying them. And you ’ re done ! Read the tips once more to ensure you ’ re fully aware of the security issues and click all done, nowadays your wallet is ready. now click on the MetaMask picture on the annex bar on the browser and unlock your wallet with your password. You should see your initial balance afterwards .MetaMask nowadays you are ready to deposit your BNB to your wallet, head over to PancakeSwap, snap “ connect ” at the top and choose MetaMask .PancakeSwap If this is your first prison term to connect with MetaMask you should be asked immediately if you would like to add the Binance Smart Chain net to your MetaMask, please do proceed with this footfall as it is very crucial that you make surely you are sending your BNB via the right net. After adding the network, switch to the network on MetaMask and you should be able to see your BNB balance on the Binance Smart Chain. now copy the address to clipboard by clicking on the report name .MetaMask immediately head back to Binance or whichever exchange you bought BNB. Go to the BNB wallet and choice Withdraw, on the recipient role savoir-faire, paste your own wallet address and make surely it is the right address, then on transfer network, make sure you have selected Binance Smart Chain ( BSC ) or BEP20 ( BSC )MetaMask Click take and follow the verification steps afterwards. After successfully withdrawing your BNB it should arrive very concisely to your own wallet. now you ’ re quick to buy POODL finally !

Head back to PancakeSwap, blue-ribbon Trade > Exchange on the leftover sidebarPancakeSwap You should see a relatively simple interface here with basically good two fields, from and to, and a big push button saying either “ connect Wallet ” or “ Swap ” .PancakeSwap Click on Connect Wallet if you haven ’ t done indeed already. Otherwise you should be able to see your BNB poise here at the from field, enter the amount you would like to exchange for POODL and then on the to discipline, choose POODL from the dropdown, the comparable sum of POODL should show up immediately. Verify and then proceed with “ Swap ”. In the future riddle, confirm the transaction once more by clicking Confirm Swap. now MetaMask should pop up and ask you if you want to allow PancakeSwap to spend your BNB, snap Confirm. Wait for the confirmation blind until it shows “ Transaction Submitted ”, congratulations ! You have finally bought POODL ! ! After a short while you should be able to see your POODL balance on your MetaMask Wallet .PancakeSwap

informant : https://ontopwiki.com
Category : Finance

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