buying ETH based crypto in TrustWallet

alicetheman

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Quote from: khiholangkang on November 18, 2021, 04:51:32 AM

Quote from: alicetheman on November 18, 2021, 01:29:52 AM

I have SmartChain BNB in my Trustwallet (TW) account.

1. Is it possible to buy ETH-based crypto on TW with SmartChain BNB. If yes, then please inform me how.
2. As I am a newbie, I want to buy ETH-based crypto for only $5.1 amount. Will it be cost-effective, as many people are saying cost will be high on ETH transactions? So I don't end up with like paying $5.1 for buying and paying $2 or $3 for transaction fees.

If you buy using BNB of course you can, but what you get is WETH (ETH in the BSC network) not the original ETH of the Ethereum network, because it is true that the Ethereum network has very expensive transaction fees at this time.

If you are interested in buying WETH you can enter the trustwallet dapp and select pancakeswap

Quote

By the way, I want to buy DEUS FINANCE. It is also on POLYGON Chain
https://coinmarketcap.com/currencies/deus-finance-2/

Please guide.

Go to the market section, you will find where these tokens are traded.
https://coinmarketcap.com/currencies/deus-finance-2/markets/

As per your iinstruction, after swaping BNB to WETH on pancakeswap, I will able to swap ETH based crypto on uniswap from eg WETH to DEUS? Right? My question is in this
1. In this case also fees will be high, as mentioned by 1 member above that it is minimum $10?

khiholangkang

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Quote from: alicetheman on November 18, 2021, 01:29:52 AM

I have SmartChain BNB in my Trustwallet (TW) account.

1. Is it possible to buy ETH-based crypto on TW with SmartChain BNB. If yes, then please inform me how.
2. As I am a newbie, I want to buy ETH-based crypto for only $5.1 amount. Will it be cost-effective, as many people are saying cost will be high on ETH transactions? So I don't end up with like paying $5.1 for buying and paying $2 or $3 for transaction fees.

If you buy using BNB of course you can, but what you get is WETH (ETH in the BSC network) not the original ETH of the Ethereum network, because it is true that the Ethereum network has very expensive transaction fees at this time.

If you are interested in buying WETH you can enter the trustwallet dapp and select pancakeswap

Quote

By the way, I want to buy DEUS FINANCE. It is also on POLYGON Chain
https://coinmarketcap.com/currencies/deus-finance-2/

Please guide.

Go to the market section, you will find where these tokens are traded.
https://coinmarketcap.com/currencies/deus-finance-2/markets/

zasad@

legendary

Activity: 1974

Merit: 4715

Quote from: alicetheman on November 18, 2021, 01:29:52 AM

I have SmartChain BNB in my Trustwallet (TW) account.

1. Is it possible to buy ETH-based crypto on TW with SmartChain BNB. If yes, then please inform me how.
2. As I am a newbie, I want to buy ETH-based crypto for only $5.1 amount. Will it be cost-effective, as many people are saying cost will be high on ETH transactions? So I don't end up with like paying $5.1 for buying and paying $2 or $3 for transaction fees.

By the way, I want to buy DEUS FINANCE. It is also on POLYGON Chain
https://coinmarketcap.com/currencies/deus-finance-2/

Please guide.

If I were you, I would use the Metamask wallet, because it is very convenient for DeFi platforms and supports a lot of blockchains.
In a few seconds, you can switch between different blockchains.
For security, you need to buy a hardware wallet( ledger or trezor) and work through the metamask wallet interface. Then no one will steal your money, and you will only need your seed phrase when setting up a hardware wallet.

alicetheman

newbie

Activity: 48

Merit: 0

Quote from: witcher_sense on November 18, 2021, 02:22:19 AM

Quote from: alicetheman on November 18, 2021, 01:29:52 AM

I have SmartChain BNB in my Trustwallet (TW) account.

1. Is it possible to buy ETH-based crypto on TW with SmartChain BNB. If yes, then please inform me how.
2. As I am a newbie, I want to buy ETH-based crypto for only $5.1 amount. Will it be cost-effective, as many people are saying cost will be high on ETH transactions? So I don't end up with like paying $5.1 for buying and paying $2 or $3 for transaction fees.

By the way, I want to buy DEUS FINANCE. It is also on POLYGON Chain
https://coinmarketcap.com/currencies/deus-finance-2/

Please guide.

The latter part of your post made me think your main goal was not to get an answer to your question but promote the project you either personally invested in or simply were paid to shill for. Hope, I am wrong. Anyway, to get an answer to your second question just look here https://ethgasstation.info/. The lowest commission to send ETH right now is more than 10$, to send an ERC20 token it will cost even more. Consequently, it appears pointless from an economical point of view to make 5$ transactions when the fee to send such a transaction is twice as much.

lol...dear friend, I am new to crypto. You can check out threads created by me earlier on this forum. I am not such genius or influencer that somebody will pay me to promote any project. Anyway, thank you, that you trusted me and guided that ETH fees are minimum $10 so to avoid it. I show that some crypto ( i will not mention name as somebody might think I am promoting that project

) are being bought with MATIC also as they are on POLYGOIN CHAIN. Can we buy such crypto on TW. If yes, then please guide me how?

I learned many thing from this great forum and thank you for helping me

alicetheman

newbie

Activity: 48

Merit: 0

Quote from: Oshosondy on November 18, 2021, 02:40:24 AM

Never mind my first answer. Let me explain this better

On trust wallet, you can use a particular chain to buy coin built on that chain, for example, you can buy TUSD which is built on ethereum blockchain with Ethereum.

So you can buy BEP2 tokens with BEP2 BNB

Which also means you can buy BSC tokens with BSC BNB.

You can convert BEP2 BNB to BSC BNB, but you can not convert BEP2 BNB or BSC BNB to ETH.

If you have BSC BNB, you will still not be able to convert it to ETH to be able to buy ERC20 token.

If you only want to trade $5.1, I will advice you not to trade it because it will required you to first go to am exchange that support conversion of BNB to ethereum like binance, then moving your ethereum to the wallet back, then swap it for the ethereum token. The transaction fee for ethereum on exchanges is huge, over $20 ethereum fee on binance.

Yes, right, I checked transferring ETH from Binance to TW is very much costly. So, will drop the plan to buy it.

Last thing, I show, we can buy DEUS with MATIC also. Can I do that from TW?

Oshosondy

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Gamble responsibly

Quote from: alicetheman on November 18, 2021, 02:11:26 AM

I did as you mentioned
1. It is showing BNB balance as ZERO, but I do have BNB balance. Attached screenshots
2. In attached screenshots when I click on TWT and search for DEUS, it shows message as NO ASSETS FOUND

Never mind my first answer. Let me explain this better

On trust wallet, you can use a particular chain to buy coin built on that chain, for example, you can buy TUSD which is built on ethereum blockchain with Ethereum.

So you can buy BEP2 tokens with BEP2 BNB

Which also means you can buy BSC tokens with BSC BNB.

You can convert BEP2 BNB to BSC BNB, but you can not convert BEP2 BNB or BSC BNB to ETH.

If you have BSC BNB, you will still not be able to convert it to ETH to be able to buy ERC20 token.

If you only want to trade $5.1, I will advice you not to trade it because it will required you to first go to am exchange that support conversion of BNB to ethereum like binance, then moving your ethereum to the wallet back, then swap it for the ethereum token. The transaction fee for ethereum on exchanges is huge, over $20 ethereum fee on binance.

witcher_sense

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Quote from: alicetheman on November 18, 2021, 01:29:52 AM

I have SmartChain BNB in my Trustwallet (TW) account.

1. Is it possible to buy ETH-based crypto on TW with SmartChain BNB. If yes, then please inform me how.
2. As I am a newbie, I want to buy ETH-based crypto for only $5.1 amount. Will it be cost-effective, as many people are saying cost will be high on ETH transactions? So I don't end up with like paying $5.1 for buying and paying $2 or $3 for transaction fees.

By the way, I want to buy DEUS FINANCE. It is also on POLYGON Chain
https://coinmarketcap.com/currencies/deus-finance-2/

Please guide.

The latter part of your post made me think your main goal was not to get an answer to your question but promote the project you either personally invested in or simply were paid to shill for. Hope, I am wrong. Anyway, to get an answer to your second question just look here https://ethgasstation.info/. The lowest commission to send ETH right now is more than 10$, to send an ERC20 token it will cost even more. Consequently, it appears pointless from an economical point of view to make 5$ transactions when the fee to send such a transaction is twice as much.

alicetheman

newbie

Activity: 48

Merit: 0

Quote from: ?? on ??

It has been long that I have done this, it is very possible. If you want to buy or sell from or to ERC20 or BSC, just go to your trust wallet, click on dex, dex will be seen at the lower part of the wallet user interface, click on it. Choose the tokens you want to convert from and the one you want to convert it to, write the amount and press 'swap'. Make sure you have the an amount of ethereum gas or BSC fee that is needed for the swapping.

I did as you mentioned
1. It is showing BNB balance as ZERO, but I do have BNB balance. Attached screenshots
2. In attached screenshots when I click on TWT and search for DEUS, it shows message as NO ASSETS FOUND

https://i.imgur.com/MpZvTXv.jpeg

alicetheman

newbie

Activity: 48

Merit: 0

I have SmartChain BNB in my Trustwallet (TW) account.

1. Is it possible to buy ETH-based crypto on TW with SmartChain BNB. If yes, then please inform me how.
2. As I am a newbie, I want to buy ETH-based crypto for only $5.1 amount. Will it be cost-effective, as many people are saying cost will be high on ETH transactions? So I don't end up with like paying $5.1 for buying and paying $2 or $3 for transaction fees.

By the way, I want to buy DEUS FINANCE. It is also on POLYGON Chain
https://coinmarketcap.com/currencies/deus-finance-2/

Please guide.

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