The great migration.
The DeFi craze is eating away at affordable transactions on the ETH chain. As a result, there is a rising demand for a better alternative to the ETH chain. BINANCE has taken the lead with Pancake Swap leading the venue on DEX. Huge opportunity awaits to those who decide to take the next step from ETH and grab some BSC tokens.
If you haven't already, you might be better off switching to BSC if you are looking for a cheap alternative to gas fee's. Those with only a few hundred to invest into the DeFi space have little motivation to move their currencies around on the ETH chain due to the high taxing prices of gas. This leaves investors trapped into a project that may be promising more than it can deliver. This is where Binance shines. With only pennies spent on fee's with instant access to a rivalled multiverse comparable to the ETH chain's DeFi, users have the ability to quickly and cheaply (only a few cents on gas) switch their investments from project to project.
Those looking to get in on the action that haven't already can follow this step-by-step process to get started on the Binance (BSC) chain and begin trading on Pancake Swap.
1) Before we do anything we need to sign up for Binance to purchase some BNB tokens:
Sign up here: https://www.binance.com/
2) After purchasing your BNB tokens on Binance we can withdraw them onto METAMASK wallet (there is rumours of a Metamask airdrop in the near future too)
Metamask wallet here: metamask.io
3) Add Binance Smart Chain server to your metamask:
On your MetaMask wallet drop down your accounts and go to settings page.
Choose network from the menu and click add new network.
Now enter the details as follows.
------> Network Name: BSC Mainnet
------> New RPC URL: https://bsc-dataseed1.binance.org/
------> ChainID: 56
------> Symbol: BNB
------> Block Explorer URL: https://bscscan.com/
Once done click save to add BSC Mainnet to your MetaMask wallet. Now select the network from the drop down list and you should have a screen like this:
4. Head on over to Pancake swap: https://exchange.pancakeswap.finance/#/swap and start DeFi surfing with only pennies for fee's! You'll thank me later!
Find out more and follow us for more tips and hidden projects:
Telegram: https://t.me/Cryptocurrenttech website: www.cryptocurrent.tech twitter: https://twitter.com/iCryptocurrent youtube: https://www.youtube.com/channel/UCVNySRtin48AcncwTyWzApQ
