In this article, we will BRIEFLY discuss Binance DEX and how to trade with the Trust wallet app. I included a video sample that explains in detail how to go about the trade. Let us start with Binance Dex.
What is Binance Dex? For those of you who do not know Binance is the largest trade company and Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies. Since early 2018, Binance is considered as the biggest cryptocurrency exchange in the world in terms of the trading volume.
Also, Binance was initially under the ERC-20 Etherium chain network until APRIL 18, 2019 when they announced the deployment of the genesis block of Binance Chain and plans to execute mainnet swap on April 23.
Furthermore, Binance DEX is built on top of Binance Chain with a native Binance Coin (BNB) token. Binance Chain uses Delegated Byzantine Fault Tolerance (dBFT) as its consensus mechanism. more info here deployment of chain
In addition, Binance dex was then lunched to allow new investors to sell their products. Binance is getting bigger and bigger and more players and coming into the game. My favorite token on the Binance chain network remains PVT, Dusk is also promising.
Fusion is second on the list as you can see from the picture below shows the top 5 projects. Most of the projects on Binance DEX are virtually new but some of them are promising. Nexo is the next to be added on the list. I wrote a blog about Nexo recently here Nexo Review
In conclusion, More tokens will be added to the Binance chain, Watch out for DusK, PVT, NEXO token which will be added this coming week. stay tuned for more updates.
TRUST WALLET APP REVIEW AND HOW TO TRADE WITH TRUST WALLET, PROS AND CONS
TRUST WALLET has been around the corner for a while now a very secure multi-wallet app that supports leading crypto protocols and cryptocurrencies (ETH, BTC, XRP, TRX, XLM, BNB others).
With trust wallet, Your private key is only stored locally and protected with many layers of security. Trust Wallet works seamlessly with Binance DEX and Kyber Network protocol, allowing you to make instant trades on the decentralized exchange.
They offer Full support for any ERC20 tokens on Ethereum network and BEP2 on Binance Chain. It also comes with the Web3 Browser that allows you to interact with decentralized applications (DApp) directly from the app. Great isn’t it?
TO HELP YOU GUYS UNDERSTAND BETTER WHAT THE TRUST WALLET APP FEELS LIKE AND HOW TO EXCHANGE WITH TRUST WALLET APP, WATCH THE VIDEO BELOW WHERE I MENTIONED BOTH THE PROS AND CONS OF THE APP AND BINANCE DEX REVIEW
watch the video below to find out more