Dextool and Pancakeswap

[ATUK22]

Hi Everyone

I have just come across Dextool to trade new shit coins, I have noticed that most new coins are WBNB paired, does this mean I need BNB and WBNB in order to trade coins?

Before a rug pull happens instead of selling your coin is it possible to swap the coin to a stable coin or BNB? on Pancakeswap or Metamask ?

When it comes to trading new pairs do I copy and paste Token address or token pair address into Pancakeswap ?

Thank you for your help

Andrew

[o48o]

Hi Everyone
I have just come across Dextool to trade new shit coins, I have noticed that most new coins are WBNB paired, does this mean I need BNB and WBNB in order to trade coins?
Before a rug pull happens instead of selling your coin is it possible to swap the coin to a stable coin or BNB? on Pancakeswap or Metamask ?
When it comes to trading new pairs do I copy and paste Token address or token pair address into Pancakeswap ?
Thank you for your help
Andrew

It's wrapped bnb. So basically it's a token inside of BEP-20 token standard like those tokens you are trading them with.
I am assuming you have at some point sent USDT via binance smart chain to exchange because it's cheaper then for example sending it via ethereum token standard, that's basically same thing. You are operating on layer 2 of bnb.

And yes, you need some BNB too (not much), to act as gas.

[Mr. Magkaisa]

I just came across Dextool to trade new shit coins, I noticed that most of the new coins are WBNB paired, does that mean I need BNB and WBNB to trade coins?

Yes, you will need at least some Bnb balance when you connect a wallet account to Dextool. But you still have to be careful with the coin you choose to trade because most of the dextool platform is shitcoins.

Before the rug-pulling happens instead of selling your coin is it possible to exchange the coin for a stablecoin or BNB? on Pancakeswap or Metamask?

As long as you always remember if the network to be used is under Bep20(BSC) address wallet you will connect it to pancakeswap or metamask you can't have a BNB balance because that is needed for the gas fee whatever transaction you do dude even if it is a deposit or withdrawal.

When it comes to trading new pairs do I copy and paste the Token address or token pair address to Pancakeswap?

If you use a metamask set on the BSC network and you want to connect it to pancakeswap, you don't have to copy and paste because you just click connect to pancakeswap and after that your metamask app will appear, just click connect and sign message is just that simple dude.

[Crypt0Gore]

Most altcoins on Pancakeswap have USDT/...... Trading pairs as well, you just have to change the WBNB to USDT, and you will need BNB in your wallet for transaction fees. For example WBNB/DOME token to USDT/DOME token, remember, both requires BNB as gas fee.

[tbct_mt2]

I have just come across Dextool to trade new shit coins, I have noticed that most new coins are WBNB paired, does this mean I need BNB and WBNB in order to trade coins?

WBNB (Wrapped BNB) is not real BNB. If you can trade a shitcoin to BNB, you should choose that pair and should not choose the pair with WBNB.

Before a rug pull happens instead of selling your coin is it possible to swap the coin to a stable coin or BNB? on Pancakeswap or Metamask ?

When you are trading on DEX (Decentralized exchanges), you should pay attention on liquidity pools. Unfortunately, you can not know will their developer teams do rug pull or not.

A safe approach is only consider to trade if that shitcoin is available for trading on both decentralized exchanges and centralized exchanges. It means they can do rug pull on DEX but can not do that on CEX.