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The deepest guide in 2022

How to buy DESU on PancakeSwap?

How to buy DESU on PancakeSwap?

In this latest guide, We will walk you through the exact process of buying a DESU token on PancakeSwap.

Betting is perceived mainly as a recreational activity and is shunned by society as speculative. But dedicated betters know a lot of skills and calculations come into this play, which can be fun and rewarding. But all the betting fun vanishes away when your rewards get delayed to process, and at worst, payments even get seized due to numerous government policies. So is there no future for betting? Wrong. Modern decentralized applications are solving the traditional payment delays by making transactions seamless and making payments in real-time. And Dexsport is one of the top dApps that uses DESU tokens to offer better interactivity and anonymity.

There are two major platforms for buying DESU tokens for online gamblers and crypto enthusiasts, and one of them is PancakeSwap. It is preferred because of its low fees and better liquidity. So, in this ultimate guide, We will discuss all the basics and the detailed step-by-step process to make your DESU purchase smooth and easy.

How to buy DESU on PancakeSwap?

Steps to follow to Buy DESU DESU on PancakeSwap

Here is the detailed step-by-step process you were waiting for.

Step 1: Create a MetaMask wallet.

You can access the MetaMask crypto wallet through a browser extension or mobile app. After downloading either of them through their official website, you can create a new wallet by carefully choosing a good seed phrase in addition to a strong password. Losing your seed phrase means losing all your funds inside the wallet, so exercise extra caution.

1. Install MetaMask extension (in browser) by heading over to metamask.io

2. Tap on the MetaMask extension and select “Get Started”. We are trying to create a new wallet here. But if you have a wallet already, you can easily import it using your seed phrase.

3. Tap on “Create Wallet”, and a new window will open. Here, MetaMask asks its users whether they agree to share their usage data to improve user experience. If you have no problem with that, you can click on “I agree”.

4. Now, you have to set a password for your crypto wallet. Create a “strong” password of a minimum of eight characters, a combination of alphabets, numerical and special characters. You can use a password manager to make your task easier.

5. The next step is crucial. You have to store the seed phrase of your wallet securely. Tap on “Click here to reveal secret words” to get the seed phrase. As We told you earlier, the seed phrase is the only way to recover your funds from the wallet, so better write it on a piece of paper and store it in a place where only you have access. Don’t trust your desktop notepad here. Also, you should never share these “secret words” with any website, app, or person unless you are willing to share the funds stored in it with them. Mind you, your wallet seed phrase is more important than your password.

6. Select “Next”, and in the new window, type each word of your seed phrase in the order in which they appeared in the last screen for confirmation. After it’s done, select “Confirm”.

7. You will get confirmation that your MetaMask wallet is created successfully with a party popper emoji. You can now access your wallet anytime by tapping the MetaMask icon on the top-right corner of your browser.

Step 2: Connect your MetaMask wallet to PancakeSwap.

1. Open MetaMask MetaMask extension.

2. Select “Network Selector” at the top.

3. Scroll down to find and select “Custom RPC”.

4. A window will open in front of you. You have to enter the correct details which We are mentioning here:

Network Name

Binance Smart Chain

New RPC Url

bsc-dataseed.binance.org

Chain ID

56

5. There are two more optional details:

Currency Symbol

BNB

Block Explorer URL

bscscan.com

6. After correctly typing in the details, you have to “Save” it.

7. BNB Smart Chain is now one of your network options. Now, “Connect” it with Cake PancakeSwap by visiting their official website and clicking on the top-right corner.

8. You will see a window asking you to select your wallet preference. Click on “MetaMask.” Cup

1. Click on the burger Icon in the top-left corner of the MetaMask MetaMask app.

2. Select the settings menu and click on Network.

3. Scroll down to find and select “Custom RPC”.

4. Click on the big fat blue Add Network button at the bottom.

5. On the window page that appears, enter the following details accurately:

Network Name

BNB Smart Chain

New RPC Url

bsc-dataseed.binance.org

Chain ID

56

Symbol

BNB

Block Explorer URL

bscscan.com

6. Confirm the above details on the new network and head back to the burger menu to select Browser.

7. Search and find CakePancakeSwap” from the search field. Tap on the search result.

8. You will see a blue “Connect” option. Tap to connect your wallet to PancakeSwap exchange.

You can access the MetaMask crypto wallet through a browser extension or mobile app. After downloading either of them through their official website, you can create a new wallet by carefully choosing a good seed phrase in addition to a strong password. Losing your seed phrase means losing all your funds inside the wallet, so exercise extra caution.

Step 3: Make sure you have BSC on MetaMask wallet.

You should have precisely BEP20 token and not BEP2 for DESU token buy.

Step 4: Find DESU on PancakeSwap.

It is more secure to use the official contract from our website and put it into the search panel.

Official DESU token contract address is: 0x32f1518baace69e85b9e5ff844ebd617c52573ac so you copy this string of characters to find DESU on PancakeSwap.

Official DESU token contract address is: 0x32f1518baace69e85b9e5ff844ebd617c525
73ac
so you copy this string of characters to find DESU on PancakeSwap.

Step 5: Buy DESU on PancakeSwap.

After withdrawing the BEP20 token in your MetaMask wallet, head over to PancakeSwap (again) and select Trade. Then click on Exchange on the left sidebar.

You should see your BSC balance here (as we have already connected the wallet). Tap on DESU from the drop-down and select the amount you want to swap for DESU tokens. Proceed with “Swap” and confirm it twice to purchase the Dexsport token successfully.

Fees charged by PancakeSwap

We have informed you earlier that one of the compelling reasons to use PancakeSwap is its low fees compared to its next big competitors. Now, let’s dive into all the different prices charged by this decentralized exchange:

Trading Fees: This food-themed DEX charges 0.2% per transaction to both parties (buyer and seller), which is pretty high compared to other centralized or decentralized exchanges. Users also need to pay “gas” fees in BNB tokens from your Binance Smart Chain wallet. This “gas” fee is much cheaper than Ethereum gas fees making it a favorite platform for the crypto community.

Here’s a break-down of how 0.2% of trading fees are utilized:

0.17% to liquidity providers. 0.03% to exchange treasury for burning tokens

Withdrawal Fees: Luckily, PancakeSwap doesn’t charge any withdrawal fees from its users as of date. There is no indication that they are planning to impose withdrawal fees in the future, so rest assured. Do remember that in order to withdraw assets from the Binance Smart Chain wallet, you will have to spend BNB.

You may wonder if PancakeSwap fees are lower than other DeFi protocols like Uniswap. The comparison between these two decentralized exchanges has been interesting. PancakeSwap has a higher user base thanks to its increased liquidity, but Uniswap has a better trading volume. But when it comes to transaction cost, there isn’t any comparison. Uniswap is charging way high fees as compared to its new competitor. Also, you get more token options on PancakeSwap, with some of them being very successful, like BAKE and FRONT.

What is DESU token?

DESU token (Dexsport Token or $DESU) is a native token of Dexsport that facilitates all types of transactions among users so that they can better focus on their gameplay. It was launched recently and is expected to revolutionize the online betting industry. So, what are the various uses of $DESU?

You can use the $DESU token as a currency for real-time payments among other fellow players and earn DESU rewards and cashback. You can reward other players on Dexsport crypto for sharing their predictions and analysis inside the Dexsport ecosystem and earn rewards too. Your content must offer value to other fellow users in order to earn tokens from them. It's similar to Reddit awards which you can earn by publishing posts or commenting on existing threads, which other Redditors find helpful. But the utility of these tokens doesn’t end here. DESU tokens allow users to enter Decentralized Autonomous Organizations (DAO) and vote for the Dexsport platform’s development. Our platform , which has issued DESU tokens, is one of the best-decentralized betting platforms that is built on the Binance Smart Chain (BSC). We launched the platform in 2021, and it combines betting with DeFi. As of writing this guide, the current DESU price is trading at USD 0.023936.

What is DESU token?

Our betting platform allows users to play, bet (P2P betting is also available), and receive payments instantly via blockchain. You can also collect NFT art pieces inside DESU crypto. For those who don’t know, NFT stands for Non-Fungible Tokens, which means anything you purchase via NFT cannot be replaced. The scope of NFT is around digital art, like music, drawings, strange JPEG images of a monkey, and, as per Verge, even a “your brain downloaded and turned into an AI.”

What is DESU token?

What is PancakeSwap?

PancakeSwap is a decentralized cryptocurrency exchange that allows you to trade or “swap” digital assets in crypto, precisely BEP-20 tokens. It’s built on Binance Smart Chain and competes against existing crypto giants like Uniswap and uses the Automated Market Maker Model (AMM).

Inside PancakeSwap, users have to create liquidity pools that will eventually help in the swapping of crypto. The platform offers you various DeFi farming opportunities to create user-generated liquidity pools. Liquidity pools break the traditional marketplace concept of buyers and sellers and create a collection of funds in a smart contract. The benefit of liquidity pools is that you can automatically trade digital assets without asking for permission from any centralized agency.

PancakeSwap has the most extensive user base among all decentralized apps, thanks to its low fees, better liquidity, and diverse staking options. The exchange claims to have 2.8 million+ users as of September 2021, and the number continues to increase as the platform reaches over 9.9 billion USD in TVL (Total Value Locked).

Its core design is very similar to Sushiswap and Uniswap. PancakeSwap’s governance token is CAKE, and you can farm them. To get these CAKE rewards, you must deposit LP tokens like CAKE – BNB LP DAI – BUSD LP, among others. Once you have the CAKE, you can stake them to passively earn token rewards, which you can cash out using the “Harvest” option. Users can enter into lotteries and win special Non-Fungible tokens from your CAKE inside this platform.

What is PancakeSwap?

Talking about the security of this PancakeSwap exchange, it is Certik-audited. Certik is one of the premier blockchain auditing firms which uses reliable verification tools to test DEX and smart contracts. It was co-founded by Columbia and Yale University in 2018. Our platform, Dexsport, is also audited by Certik and we are proud to be the best Web3 betting platform in the industry. It is always advisable to deposit only that amount in smart contracts and crypto exchanges which you can afford to lose, and this applies to PancakeSwap as well. Use this brilliantly designed farm-themed platform with a pinch of salt.

What is PancakeSwap?

FAQ

DESU token was launched by blockchain betting platform Dexsport some time ago. Dexsport has revolutionized the online betting industry by using blockchain to make the gaming process transparent. The purpose of Dexsport token is to bring more transparency to the mathematical model of the decentralized platform and make betting odds more accurate. DESU token is available for trading on PancakeSwap (which we discussed in this guide). Holders of Dexsport protocol native token enjoy early access to new betting events along with privileges and bonuses.

You have to create a MetaMask wallet first by visiting their official website. You will get a wallet seed phrase which you should store in a safe place and never share with anyone. Then, you have to connect your wallet with PancakeSwap by scanning the QR code or using the menu on PancakeSwap exchange. Finally, you have to find DESU on PancakeSwap and buy DESU tokens from your MetaMask wallet balance.

The current Dexsport token price on PancakeSwap as of writing this guide is $0.023, and its price has gone down by 2.47% in the last twenty-four hours. The current DESU token Coinmarketcap ranking is #5062, with a total trading volume of $27,324 during the previous 24 hours. Looking at the DESU token chart, it is clear that the closing trade price has been around $0.02 for the last few days. Coming to DESU token Coingecko stats, the coin reached its highest price of $0.349 at the end of November last year.

There is no limit on the number of DESU tokens you can buy on the PancakeSwap exchange. You can buy a DESU token from your balance in your MetaMask wallet. So the number of Dexsport tokens you can buy depends on your MetaMask balance. More your balance, more tokens you can buy to participate in P2P betting, buy digital paintings, and more.

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