Do you want to sell Safemoon on Trust Wallet? If YES then you are at the perfect place.
There are tons of people across the world who own Safemoon and want to sell it on Trust Wallet but they don’t know how it is done and if that’s you then look no further as we have a guide explaining the same in the easiest way possible.
There are plenty of Wallets out there but people want to use Trust Wallet to sell Safemoon because it has a very simple yet user-friendly interface.
Without any further ado, let’s get started:
Selling Safemoon on Trust Wallet
To sell Safemoon on Trust Wallet, you need to convert Safemoon into the Binance coin first.
Yes, Safemoon can’t be sold on Trust Wallet without converting them into Binance Coin.
Here’s how you can Safemoon on Trust Wallet:
Convert Safemoon To Binance Coin
First, open Trust Wallet.
When you open your Trust Wallet app, you will be shown the amount of Safemoon tokens you have in your wallet.
Click on the DApp browser option located at the bottom of the screen.
If you don’t have the DApp browser enabled on Trust Wallet, click on this link to know how to enable the DApp browser on Trust Wallet.
Once enabled, click on it and select ‘PancakeSwap’
When you do so, you will be taken to the PancakeSwap exchange page where you will have to click on the BNB drop-down option and change it to Safemoon.
To sell Safemoon, you need to set Slippage Tolerance to 12. Once set, click on the Understand box and then click on the Continue button.
Now, you will have to click on the Select a Currency drop-down icon and select BNB.
Once selected, enter the amount of Safemoon you want to sell in the From section.
If you want to sell all Safemoon you have in your Wallet, click on the MAX option.
Once entered, click on the Swap button. When you do so, you will be shown the Price, Maximum Received, Price Impact, Liquidity Provider Fee and more.
If everything is correct then click on the Confirm Swap button. Clicking on the Confirm button will show you the Network Fee.
Now, click on the Send button to proceed.
When you do so, a pop up will appear on the screen saying ‘Transaction Submitted’.
You can view the transaction on BscScan.
Once the transaction is completed, you will have your Safemoon converted into BNB Smart Chain currency.
Convert Smart to BNB
To sell Safemoon on Trust Wallet, you will have to convert Smart Chain to BNB.
To convert Smart Chain to BNB, you will have to head back to the Trust Wallet home screen and select Smart Chain.
Now, click on the More option and then select ‘Swap to Binance Chain’.
Enter the amount of Binance Smart Chain you want to convert to BNB.
Once entered, click on the Swap and then Send button to confirm the process.
When you go back to Trust Wallet main page, you will see your Smart Chain currency has been converted into BNB.
Send BNB to Binance US
To send BNB to Binance US, you will have to select BNB and then click on the Send button.
Now, open the Binance application and navigate to ‘Wallet’ and click on the ‘Deposit’ option.
There, you will see BNB Deposite Address. Copy it and head go back to the Trust Wallet application and paste it into the Recipient Address section.
Once pasted, enter the amount of BNB that you want to transfer to Binance US.
Now, paste the BNB Memo, which is located below the BNB Deposite Address’.
Once pasted, click on the Next button. When you do so, you will be redirected to the confirm page.
If you want to send BNB to Binance US, click on the Send button.
Now, you can open your Binance US application or website and see whether you have received BNB or not.
Exchange BNB to Fiat Currency
To withdraw BNB from the exchange to Fiat currency, click on the middle button on Binance US and select ‘Sell’.
In a new window, you will be shown multiple Cryptocurrencies, make sure to select BNB.
Once selected, you will be asked to enter the amount of BNB you want to sell and click on the Sell button.
Now, you will be shown the amount of money you will receive once BNB is successfully converted.
If you are Okay with the amount, click on the Confirm button.
When you do so, a pop up will appear on the screen showing the amount of money you will get, the fee you are being charged and more.
Click on the Confirm button. When you do so, you will get a message saying ‘Sale Confirmed’.
Transfer Money From Binance US to Bank Account
To withdraw money from Binance to a Bank account, follow the steps written below:
- Open the Binance US application or website and navigate to the Wallet.
- There, you will see the amount you have just exchanged with BNB.
- To transfer money to your bank account, click on the amount that you want to withdraw.
- In a new window, click on the Withdraw button.
- When you do so, you will be redirected to the Withdrawal page, where you will have to select a payment method and the amount of money you want to withdraw.
- Once entered, click on the Continue button and proceed.
- That’s it.
That’s all you need to know about how to sell Safemoon on Trust Wallet.