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

But we are not done yet. 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 early centralize exchanges the conversion steps will be a little different on PancakeSwap since it is a decentralized substitute ( 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 key to your altcoin wallet and it is suggested that you take supernumerary care of your wallet private key, because if you lost your keys, it means that you will lost access to your coins everlastingly and no customer confirm will help you retrieve your assets back. Although if managed by rights it is in fact more secure to store your assets in your own individual wallet than on substitute wallets. If you are placid uncomfortable with using a DEX just however, check if POODL is available on any early traditional centralised exchanges on the yellow journalism above. Otherwise let ’ s follow these steps cautiously .

Convert your BTC into BNB on Binance

PancakeSwap is a DEX that is exchangeable to Uniswap/Sushiswap, but alternatively it runs on Binance Smart Chain ( BSC ), where you will be able to trade all BEP-20 tokens ( as react to ERC-20 tokens in the Ethereum blockchain ), unlike Ethereum, it greatly reduces the trade ( gas ) fees while trading on the chopine and is gaining popularity recently. PancakeSwap is built on an automated commercialize manufacturer ( AMM ) system which relies on user-funded liquid pools and that is why it can work absolutely without a traditional order koran from centralised exchanges. In short, as POODL is a BEP-20 nominal running on Binance Smart Chain, the quickest way to buy it is to transfer your BTC to Binance ( or the exchanges listed on the table 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 chatter lodge. Copy the BTC address and head bet on to Coinbase, withdraw your BTC to this address and wait for it to arrive, this should take around 15-30 minutes depending on custom of the BTC network. once arrived, trade your BTC to Binance Coin ( BNB ) .

Transfer BNB to your own wallet

hera comes the trickiest region of the process, 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 secure hardware that provide versatile layers of security to protect your assets, you alone have to store the seed phrases in a safe place 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

• 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 Now

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 example 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 surely the extension is offered by hypertext transfer protocol : //metamask.io for guard and then click Add to Chrome . Proceed with “ Get Started ” and then click on “ create a wallet ” in the future shield, read all the instructions on the adjacent screen and then click “ Agree ” following choose a fasten password to secure your MetaMask wallet, this password is not your private key or semen phrases, you only need this password to access the Chrome Extension.

hera comes the backup phrase generation step, on the screen you will see a number of random words appearing after you click “ uncover secret words ”, write these words down on a while of wallpaper and do not always save them online, anywhere. For extra security you may even consider getting a Cryptosteel Capsule from Ledger to store your phrases securely and physically . once you have saved your seed phrases securely, confirm on the next screen by verifying them. And you ’ re done ! Read the tips once more to ensure you ’ re amply mindful of the security issues and click all done, now your wallet is ready. now click on the MetaMask picture on the extension bar on the browser and unlock your wallet with your password. You should see your initial libra afterwards . immediately you are ready to deposit your BNB to your wallet, head over to PancakeSwap, pawl “ associate ” at the top and choose MetaMask . If this is your foremost time to connect with MetaMask you should be asked immediately if you would like to add the Binance Smart Chain network to your MetaMask, please do proceed with this step as it is very significant that you make certain you are sending your BNB via the right network. After adding the net, 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 . now head back to Binance or whichever central you bought BNB. Go to the BNB wallet and choose Withdraw, on the recipient address, paste your own wallet address and make sure it is the decline address, then on transfer network, make sure you have selected Binance Smart Chain ( BSC ) or BEP20 ( BSC ) Click present and follow the confirmation steps afterwards. After successfully withdrawing your BNB it should arrive very shortly to your own wallet. now you ’ re fix to buy POODL ultimately !

Head back to PancakeSwap, choice Trade > Exchange on the left sidebar You should see a relatively simple interface here with basically fair two fields, from and to, and a big button saying either “ plug in Wallet ” or “ Swap ” . Click on Connect Wallet if you haven ’ deoxythymidine monophosphate done thus already. Otherwise you should be able to see your BNB proportion here at the from field, enter the come you would like to exchange for POODL and then on the to field, choose POODL from the dropdown, the corresponding amount of POODL should show up immediately. Verify and then proceed with “ Swap ”. In the following screen, confirm the transaction once more by clicking Confirm Swap. nowadays MetaMask should pop up and ask you if you want to allow PancakeSwap to spend your BNB, chink Confirm. Wait for the confirmation screen until it shows “ Transaction Submitted ”, congratulations ! You have ultimately bought POODL ! ! After a short circuit while you should be able to see your POODL balance on your MetaMask Wallet .

informant : https://coinselected.com
Category : crypto topics