Crypto Academy / Season 3 / Week 3 - Trust wallet,Metamask,Uniswap & PancakeSwap,How to link Binance smart chain wallet to Binance Exchange- Part 2 by fredquantum

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Crypto Academy / Season 3 / Week 3 - Trust wallet,Metamask,Uniswap & PancakeSwap,How to link Binance smart chain wallet to Binance Exchange- Part 2
<center><h4>Introduction</h4></center>

<div class = "text-justify">It's a great privilege to be here again for quality cryptocurrency lectures at the academy where our seasoned crypto professors are committed to presenting great lectures, I appreciate their efforts so much for the work-done. This week has been a great learning week as usual and this time, I've attended the lecture presented by professor @yousafharoonkhan as he proceeded on the DeFi world having some decentralized exchanges on the list. I will be using this piece to attend to the task given by the professor.</div>


<center><h4><div class = "text-justify">Overview of DeFi (Decentralized Finance) System</div></h4></center>

<div class = "text-justify">It is important to remind ourselves a bit about <b>DeFi</b> which simply means the Decentralized finance where there is independence of transactions. This innovation has taken the crypto ecosystem to another greater height whereby users can easily make transactions of choice (Buy/Sell, Swap/Exchange, Stake, Provide Liquidity and so on) at a very convenient environment without the involvement of third parties.</div>
<br>


<center>![images (56).jpeg](https://cdn.steemitimages.com/DQmWndNLmQs3cPjgthBh2MDeru7dTrXNM1wKhoamXcm1aGW/images%20(56).jpeg)
<sub><a href = "https://www.flickr.com/photos/91261194@N06/51012617170">Image source</a></sub></center>

<div class = "text-justify">Decentralized finance being a path to independence of transactions allow users to make different transactions of choice using the <b>Decentralized Exchanges</b> to make investments in the crypto ecosystem without the involvement of <b>intermediaries or third parties</b> and no <b>central authority</b>, in short, activities of choice are controlled by individual users. Let's go into the task proper.</div>



<center><h4><div class = "text-justify">1. What is Liquidity in PancakeSwap?</div></h4></center>

<div class = "text-justify">To talk of liquidity in PancakeSwap, we would need to talk briefly talk about liquidity meaning in the crypto ecosystem. <b>Liquidity</b> generally in the crypto ecosystem is the characteristics of cryptos to be easily exchanged to another crypto of choice or Fiat, now, <b>Liquidity in PancakeSwap</b> is the assets in the liquidity pool that is used to process transactions and this is where <b>AMM (Automated Market Maker)</b> comes in, a technology used in PancakeSwap to quote prices thereby utilizing the liquidity provided in the pool. This technology is used in other Decentralized exchanges as well. </div>
<br>

<div class = "text-justify">With the existence of liquidity pool in PancakeSwap, it enhances liquidity of assets by utilizing the liquidity provided in the pool which are supplied by <b>Liquidity Providers</b> and as such, the liquidity providers earn passive income from exchange fees on PancakeSwap. Liquidity in PancakeSwap uses full decentralization to quote prices automatically, thereby allowing users to easily transact and also allows liquidity providers to earn passive income. </div>

<h4>Examples of Liquidity in PancakeSwap</h4>

<div class = "text-justify">Liquidity is PancakeSwap is done in pairs, which means you are choosing two assets and supply into the liquidity pool at 50%/50% basis. For instance, if I intend to provide liquidity in the PancakeSwap liquidity pool for <b>BUSD and CAKE</b>, if the BUSD is worth $10 then the equivalent CAKE would be $10 and that satisfies the 50%/50% basis. Going further, if I intend to provide liquidity on PancakeSwap with <b>BNB and BAKE</b>, if my BNB is $25 then the equivalent of BAKE would be $25, also, this satisfies the 50%/50% supply as well.</div>

<center><h4><div class = "text-justify">How to Provide Liquidity on PancakeSwap</div></h4></center>


<div class = "text-justify">I will be giving a list of the steps that is involved in adding liquidity on PancakeSwap. Let's see the steps below.</div>
<br>

<div class = "text-justify"><li> I will be using the dApp in my Trust Wallet to access PancakeSwap. So, I launched my Trust Wallet and selected <b>dApp</b> on the page and inputted <a href = "pancakeswap.finance">pancakeswap.finance/</a> in the dApp to visit.</li></div>
<br>
<div class = "text-justify"><li>On the landing, I connected my wallet using the <b>Smart Chain</b> network. See the screenshots below.</li></div>

<center><div class = "pull-left">https://cdn.steemitimages.com/DQmb16XBXUEatxLXftCWhL4Hai7uQCF4jipXNE7ea2WvEtU/iMarkup_20210713_121127.jpg
</div>
<div class = "pull-right">https://cdn.steemitimages.com/DQmYSnMaiATVGtjytW5ZhKU3JVRQHXgVXXRJybRyrNVPmj1/iMarkup_20210713_121214.jpg
</div></center>
<hr>

<center><div class = "pull-left">https://cdn.steemitimages.com/DQmc8VeesqortE57wDECFMJtYLt543tP6o2RHvsXNgTvEwq/iMarkup_20210713_121318.jpg
</div>
<div class = "pull-right">https://cdn.steemitimages.com/DQmdnYyvisjGbAALi1PUZvk7EevaxBKktg4fJ2ccHUn4w7K/iMarkup_20210713_121402.jpg
</div></center>
<hr>

<div class = "text-justify"><li>Now I have my wallet connected to <b>PancakeSwap</b> so I selected the Menu key by the top-left of the page and clicked <b>Trade</b>. Now I have a drop-down of options such that I clicked on <b>liquidity</b>. </li></div>
<br>

<div class = "text-justify"><li> On the liquidity page, I clicked on <b>Add Liquidity</b> then on the next interface, I selected the two <b>select a currency</b> options to choose my coin pair. See the screenshots below.</li></div>

<center><div class = "pull-left">https://cdn.steemitimages.com/DQmexmGJcavtkrrcJV5hmzjfS4MvFTt1hovAig3uWdheYya/iMarkup_20210713_121454.jpg
</div>
<div class = "pull-right">https://cdn.steemitimages.com/DQmXzTcUYTUTiYnH7yqWkTBLKS2Lgh5GR2dXGNyzAg6RFDU/iMarkup_20210713_121536.jpg
</div></center>
<hr>
<center><div class = "pull-left">https://cdn.steemitimages.com/DQmPa66LYWdTUoF45adzHDUr1yTQS3CaFm74TMHz2rue7eF/iMarkup_20210713_121622.jpg
</div>
<div class = "pull-right">https://cdn.steemitimages.com/DQmadHu5mMwPmBGwRD5rRDv6Q5xgqpsZPvF4113BFHTbqbc/iMarkup_20210713_121700.jpg
</div></center>
<hr>

<div class = "text-justify"><li> Now, I selected <b>BNB</b> and <b>CAKE</b> as the pair I am providing liquidity with. I inputted the amount <b>0.0062 BNB</b> and <b>0.131555 CAKE</b> which is equivalent to $1.93 (both having equal value- 50%/50%), and I <b>approved</b> the transaction.</li></div>
<br>

<div class = "text-justify"><li> Then I clicked <b>Supply</b> to provide liquidity for the pair <b>CAKE-BNB LP</b>,  I <b>Confirmed</b> the supply and I clicked <b>Approve</b> to complete the process. See the screenshots below.</li></div>

<center><div class = "pull-left">https://cdn.steemitimages.com/DQmU5prXPi2iuJFLCbS48FfkJUtofzBQQ814dUWMHZCoqZz/iMarkup_20210713_121806.jpg
</div>
<div class = "pull-right">https://cdn.steemitimages.com/DQmZ4tTZqmZ5Fv3SpeuFYpKWkMj6MrPbEMF1CcCef1CbS8g/iMarkup_20210713_121907.jpg
</div></center>
<hr>
<center><div class = "pull-left">https://cdn.steemitimages.com/DQmPe4wRENc4ex7dc3AvTrynD37xK7RtoFtjJcP8xeUJ1hF/iMarkup_20210713_121942.jpg
</div>
<div class = "pull-right">https://cdn.steemitimages.com/DQmVqFPnepgyDdrrxQkehVzzAqV9PVNtohb6Whe6Wgk27DJ/iMarkup_20210713_122033.jpg
</div></center>
<hr>

<div class = "text-justify"><li>Now, I have successfully <b>added liquidity</b> into the <b>CAKE-BNB LP</b>. See the screenshots below.</li></div>


<center>![iMarkup_20210713_122135.jpg](https://cdn.steemitimages.com/DQmRHVtD4ZJSFf9YTjJmtH5sryeZtwcjyjQxEtQWVWmK4uB/iMarkup_20210713_122135.jpg)
<sub>My supply in the CAKE-BNB Liquidity Pool</sub></center>


<div class = "text-justify">The steps above completes the process of <b>adding liquidity</b> in PancakeSwap and the <b>Transaction Hash</b> is; <b>0xe976cce55e4040aa2fac9a7aa8a6c235979f6344cb931cd6506e8177ea95f236</b>. </div>


<center>![Fred Br.png](https://cdn.steemitimages.com/DQmdnx1ZdtYDsQGpQroBf3AR9f3mKro3wN1Kj1Ph6X8eanG/Fred%20Br.png)</center>



<center><h4><div class = "text-justify">2. How to connect Binance exchange account with Binance Smart Chain?</div></h4></center>

<div class = "text-justify">For this section of the task, I will be connecting my Binance exchange account with my Binance Smart Chain wallet. The steps involved would be given in the list below.</div>
<br>

<div class = "text-justify"><li>I navigated to my Binance Smart Chain extension on Chrome. I inputted my password and clicked the <b>unlock</b> button.</li></div>
<br>


<div class = "text-justify"><li>The wallet was unlocked, I selected the three dots at the front of the address to explore more options, so I clicked <b>Wallet Direct</b>. See screenshots below.</li></div>



<center>![iMarkup_20210713_145300.jpg](https://cdn.steemitimages.com/DQmTfePuNN17yx2RDSqZKgnC2fSxfxkUy2C1Jh4atd9HsZd/iMarkup_20210713_145300.jpg)
<sub>Unlock</sub></center>


<center>https://cdn.steemitimages.com/DQmSxWU8x9DY9K4WStJQyDmdD9Wxbv8SHMmJp3cs657n1AE/iMarkup_20210713_145356.jpg<sub>Wallet Direct</sub></center>

<div class = "text-justify"><li>Now, I am led to Binance exchange where I selected <b>Verify and connect my address</b>.</li></div>
<br>

<div class = "text-justify"><li>I logged in to my account by supplying my <b>email address</b> and <b>Password</b>. Confirmed the action by entering codes for authorization. See screenshots below.</li></div>


<center>![iMarkup_20210713_145539.jpg](https://cdn.steemitimages.com/DQmSCXpfc97Y1xvxdB4Eaav4mVjsXCkDxyni7Ub8pbHcF2D/iMarkup_20210713_145539.jpg)
<sub>Verify and connect my address</sub></center>

<center>![iMarkup_20210713_145711.jpg](https://cdn.steemitimages.com/DQmYjLs61Z5V7RVRfTVv2dU1NFBgSaL62GHWwjwxjShZu5S/iMarkup_20210713_145711.jpg)
<sub>Log in</sub></center>

<div class = "text-justify"><li>Now that I am logged in, I selected the <b>Verify and connect my address</b> again and on the next interface, I clicked <b>I understand</b> to proceed.</li></div>
<br>
<div class = "text-justify"><li>Then I selected <b>Connect to Wallet</b> and clicked on <b>Sign with Wallet</b> button by confirming with the <b>sign in message</b>. See the screenshots below. </li></div>



<center>![iMarkup_20210713_150150.jpg](https://cdn.steemitimages.com/DQmbAv5PCV1UrP8sRhf4AEdN91kyGdYVMFnrWxGSyVqUawK/iMarkup_20210713_150150.jpg)
<sub>I understand</sub></center>

<center>![iMarkup_20210713_150302.jpg](https://cdn.steemitimages.com/DQmVmWRbxi5XX49ebKiWaNXghvo51D13jcnpdnU4raWQJz1/iMarkup_20210713_150302.jpg)
<sub>Connect to wallet</sub></center>

<center>![iMarkup_20210713_153427.jpg](https://cdn.steemitimages.com/DQmewr6d9LpVdtSCuqskZpMBTPjXBVqZqEKYDg8ybMZd6RX/iMarkup_20210713_153427.jpg)
<sub>Sign with wallet</sub></center>

<div class = "text-justify"><li>On the next interface, I selected <b>Bind</b>.</li></div>


<center>![iMarkup_20210713_150715.jpg](https://cdn.steemitimages.com/DQmVRN7VDsZDmCp4aeUkmazGtoZzyX3LiDBbhHHcabpshyV/iMarkup_20210713_150715.jpg)
<sub>Bind</sub></center>

<div class = "text-justify"><li>My Binance exchange account was successfully connected to my Binance Smart Chain wallet, I clicked on the <b>Wallet Direct</b> button and I can see my Balance exchange's balance. Let's see the screenshots below.</li></div>



<center>![iMarkup_20210713_150942.jpg](https://cdn.steemitimages.com/DQmdVi5jMyKivP3JfxsuYc8z2ub2RJHcmgQZZNBHfZ8G4tS/iMarkup_20210713_150942.jpg)
<sub>My Binance exchange connected</sub></center>

<center>![iMarkup_20210713_151219.jpg](https://cdn.steemitimages.com/DQmQf1MxfKt9ppGTUiUNdvY9tmuDU5rEe1nrpbkpH2rBgsf/iMarkup_20210713_151219.jpg)
<sub>My Binance exchange balance</sub></center>

<center><h4><div class = "text-justify">How to Transfer from Binance Exchange to Binance Smart Chain wallet</div></h4></center>

<div class = "text-justify"><li>The process of transferring starts from getting my wallet address from Binance Smart Chain. So I clicked the <b>copy</b> icon at the front of my wallet address on Binance Smart Chain. See the screenshot below.</li></div>


<center>![iMarkup_20210713_154734.jpg](https://cdn.steemitimages.com/DQmTJrL9yBzw12wyLfet5AiqbyWtm97fWgmq9wLPjeFnpEP/iMarkup_20210713_154734.jpg)
<sub>Copy address</sub></center>


<div class = "text-justify"><li>Now I launched my Binance exchange App, selected <b>wallet</b> from the homepage and navigated to my BNB wallet [I am sending BNB (BSC)] and clicked <b>withdrawal</b>. See the screenshots below.</li></div>

<center><div class = "pull-left">https://cdn.steemitimages.com/DQmdBdQseCSFWCwvpQo9raPvwxKbg6KTQBRZYpgdif6T6ku/iMarkup_20210713_155136.jpg
</div>
<div class = "pull-right">https://cdn.steemitimages.com/DQmdw5jLwukuQnrBtQNxCkngQ2FNa6ssKT9d8Kkgb4tjVHj/iMarkup_20210713_155213.jpg
</div></center>
<hr>
<div class = "text-justify"><li>On the next interface, I inputted the <b>Smart Chain</b> address with the <b>BSC</b> network and Inputted <b>0.03 BNB</b> as the amount of withdrawal costing 0.0005 BNB network fee such that I will receive <b>0.0295 BNB</b> in the destination wallet. Then I clicked <b>Withdrawal</b> and <b>Confirmed</b> the action by authorising the transaction. See the screenshots below.</li></div>

<center><div class = "pull-left">https://cdn.steemitimages.com/DQmNh53xbc4vkE57hBGqpgPwombjY6LSvhHrcVR9ow8qouo/iMarkup_20210713_155310.jpg
</div>
<div class = "pull-right">https://cdn.steemitimages.com/DQmbzemXsfcKkDmvBDMi6CwaAzQNz7tESTvsHJx6rmMYn41/iMarkup_20210713_155347.jpg
</div></center>
<hr>

<div class = "text-justify"><li>Now the transaction was successful. Let's see the screenshot from my Binance exchange.</li></div>


<center>![iMarkup_20210713_155449.jpg](https://cdn.steemitimages.com/DQmcK5uorKdbkoArZJHJw5yfumVz6CJw3Sogn3MykSQQHP4/iMarkup_20210713_155449.jpg)
<sub>Successful transaction</sub></center>

<div class = "text-justify"><li>To see the transaction on Smart Chain, I opened the Binance Smart Chain extension and clicked on activities to see the transaction. And <b>0.0295 BNB</b> was received. Let's see the screenshots below.</li></div>


<center>![iMarkup_20210713_154912.jpg](https://cdn.steemitimages.com/DQmSgaM2xWBTwWQ3rayWL1um3wYqKMAAtKqX7yD4rqZeiHn/iMarkup_20210713_154912.jpg)
<sub>Transaction received</sub></center>


<center>![iMarkup_20210713_155024.jpg](https://cdn.steemitimages.com/DQmfPgZhwPs6zHGu54MZTdD9h1wgjhmpcWK2qeTFjqckF27/iMarkup_20210713_155024.jpg)
<sub>Transaction details</sub></center>

<div class = "text-justify">The above steps completes the process of  transferring a coin of choice from the Binance exchange to the Binance Smart Chain. The Binance Smart Chain wallet's address used is; <b>0x7f4488C5f1d2793cf3B405B5650cCA4342e37f57</b> and the transaction Hash is; <b>0x4055296cd32f4bb82c7c5c7021ef6b7f3a184f2abb7284bfe38143515ddda437</b>.</div>


<center>![Fred Br.png](https://cdn.steemitimages.com/DQmdnx1ZdtYDsQGpQroBf3AR9f3mKro3wN1Kj1Ph6X8eanG/Fred%20Br.png)</center>


<center><h4><div class = "text-justify">3. What is the difference between Trust Wallet and Metamask and which of them is better and why?</div></h4></center>

<div class = "text-justify">To proceed in this section, it's important to consider the similarities of both <b>Trust Wallet</b> and <b>Metamask</b>. Trust wallet and Metamask are both crypto wallets that allow users to store/send/receive their crypto assets and the technology employed in these wallets is <b>decentralization</b> whereby users have the full control of their assets having the <b>Private Keys/Mnemonic key</b> to their wallets and that keeps one in charge. </div>
<br>
<div class = "text-justify">In addition, Trust Wallet and Metamask fall under the category of <b>web 3.0 wallets</b> with the incorporation of dApps that can be used to interact with other dApps to perform transactions like; buying/selling, swapping/exchanging, providing liquidity, staking and so on. All these done without the involvement of an intermediary. Remember, the <b>Private keys/Mnemonic key</b> of these assets are to be kept safe and not to be revealed to anyone. Let's see the differences in a tabular form below.</div>


<center><h4><div class = "text-justify">Differences between Trust Wallet and Metamask</div></h4></center>

Trust Wallet | Metamask
------------ | -------------
Trust Wallet is associated with Binance Smart Chain | Metamask is associated with Ethereum blockchain
Trust Wallet is only available on mobile devices | Metamask can be used in mobile devices and on desktop/PC using the wallet's extension
Transactions done on Trust Wallet are economical as compared to Metamask | Metamask is characterized with high transaction fee (high gas fee characteristics of the Ethereum blockchain)
There is no quick **custom token** for easy adding of tokens until you search and add token | There is the presence of the **custom token** button on the interface that enhances quick adding of tokens
Transactions on Trust Wallet are faster as compared to Metamask | Transactions on Metasmask are not as fast as the counterpart Trust Wallet.

<center><h4><div class = "text-justify">Which one is better and Why? - Trust Wallet or Metamask</div></h4></center>

<div class = "text-justify"><b>Fees</b>: Making transactions in the crypto ecosystem should be cost-effective in addition to swiftness of transaction, as such, I prefer <b>Trust Wallet</b> over Metamask because of lower transaction fees.</b></div>
<br>

<div class = "text-justify"><b>Compatibility</b>: Trust Wallet is only compatible with mobile devices like Android and IOS while <b>Metamask</b> supports mobile devices like Android and IOS and as well have extensions for Chrome, Firefox and so on. In terms of compatibility, I will choose Metamask over Trust Wallet as I can easily use it on my desktop/PC.</div>



<center>![Fred Br.png](https://cdn.steemitimages.com/DQmdnx1ZdtYDsQGpQroBf3AR9f3mKro3wN1Kj1Ph6X8eanG/Fred%20Br.png)</center>



<center><h4><div class = "text-justify">4. What is meant by PancakeSwap and Uniswap?</div></h4></center>

<div class = "text-justify"><b>PancakeSwap</b> is a decentralized exchange that allow users to trade their crypto assets by swapping it to a coin of choice. In addition, PancakeSwap is deployed on the Binance Smart Chain network and as such enables users to transact without the involvement of <b>third parties</b> in the transaction. Quoting of prices on PancakeSwap is done through the <b>AMM (Automated Market maker)</b> such that users can transact independently through Smart Contracts code that was written for the purpose.</div>
<br>

<div class = "text-justify"><b>Uniswap</b> is also a decentralized exchange utilized by users to buy/sell, swap/exchange their crypto assets independently at any time of choice. It is important to know that Uniswap is deployed on the Ethereum blockchain and used for swapping of ERC20 tokens of choice utilizing the funds in the liquidity pool to quote prices and ensure smooth running of transactions (buy/sell or swap/exchange) on the exchange. Users only need to connect their supported wallet to it and start swapping crypto assets of choice. Also, note that, <b>AMM</b> is also the technology used to quote prices on Uniswap as well. </div>
<br>
<div class = "text-justify">Both <b>PancakeSwap</b> and <b>Uniswap</b> are decentralized exchanges that offers independence of transactions without the involvement of third parties and as such utilizes <b>AMM (Automated Market Maker)</b> to quote prices on the exchange for swift running.

<center><h4><div class = "text-justify">Differences between PancakeSwap and Uniswap</div></h4></center>


PancakeSwap | Uniswap
---------------- | --------------------
PancakeSwap is deployed on the Binance Smart Chain | Uniswap is deployed on the Ethereum blockchain
Exchange fees on PancakeSwap is very low and we can say, it's economical | Exchange fees on Uniswap is higher as compared to PancakeSwap
Lesser availability of tokens and trading pairs | Higher availability of tokens and trading pairs as compared to PancakeSwap
Availability of Yield farming | No yield farming as users are only left to make passive income from adding liquidity into the Liquidity pool.


<center><h4><div class = "text-justify">Features of PancakeSwap</div></h4></center>

<div class = "text-justify">Some of the key features of PancakeSwap are; Trade (Exchange and liquidity), Farms, Pools, Prediction, Lottery, NFT, Teams battle, Teams and Profile,  and so on. Let's discuss them below.</div>


<center>![iMarkup_20210713_180312.jpg](https://cdn.steemitimages.com/DQmSgYyXyXqEfYb6cLrKQj7aG71usFcAn2hzPZ72zgiBQzB/iMarkup_20210713_180312.jpg)
<sub>PancakeSwap features</sub></center>


<div class = "text-justify"><b>Exchange</b>: Exchange is a section on PancakeSwap where users can perform <b>swap</b>, that is swapping of their assets to any other coin of choice.</div>
<br>

<div class = "text-justify"><b>Liquidity</b>: Liquidity on PancakeSwap is another feature that allow users to provide liquidity thereby making them <b>liquidity providers</b> and as such, earn passive income from exchange fees. The liquidity provided are used by the <b>Automated Market Maker</b> to quote prices on the decentralized exchange. </div>
<br>
<div class = "text-justify"><b>Farms</b>: Farms is another option of earning in PancakeSwap that enable users to stake their assets over a period to earn another assets. </div>
<br>

<div class = "text-justify"><b>Pool</b>: Users can stake their assets into a pool of choice on PancakeSwap to earn passive income which makes the assets staked more useful than keeping it idle in the wallet.</div>
<br>

<div class = "text-justify"><b>Prediction</b>: In this case, users can predict the next price movement of an asset on PancakeSwap and if it goes right, then they earn. This is quite another great way to make money on PancakeSwap. </div>
<br>

<div class = "text-justify"><b>Lottery</b>: In this section, users can buy tickets to participate in a lottery and if a user end up being lucky to be selected then they earn which is quite interesting.</div>
<br>

<div class = "text-justify"><b>NFT</b>: These are <b>Non fungible tokens</b> which is still under development on PancakeSwap such that users can get their digital assets tokenized and listed to preserve value for the asset.</div>
<br>

<div class = "text-justify"><b>Teams and Profile</b>: This section contains the teams available on PancakeSwap and their profiles. We also have the <b>team battles</b> where teams competes for certain prize and this makes it more interesting.</div>

<center><h4><div class = "text-justify">Features of Uniswap</div></h4></center>


<div class = "text-justify">We have the major features of Uniswap to be; <b>Swap, Pool and Vote</b>. Let's discuss them below.</div>


<center>![iMarkup_20210713_182206.jpg](https://cdn.steemitimages.com/DQmb6MpxYQ6JPX8XHJXGK15D8pjeDVefyEdtkXN5Y2CsSx7/iMarkup_20210713_182206.jpg)
<sub>Uniswap features</sub></center>

<div class = "text-justify"><b>Swap</b>: This a very important feature of Uniswap where users can easily swap Ethereum blockchain-based tokens for one another and fully decentralized. The user selects the coin they willing to swap and the destination coin to complete the transaction process.</div>
<br>

<div class = "text-justify"><b>Pool</b>: This is a section for liquidity providers to supply their assets into the liquidity pool and earn passive income from exchange fees as their assets are used to complete transactions on the Uniswap exchange.</div>
<br>

<div class = "text-justify"><b>Vote</b>: The governance on Uniswap is done by UNI holders (UNI is the native token of Uniswap). As such, UNI holders have power to vote to effect a development on Uniswap and the power to vote depends on the stake they possess (amount of UNI tokens they are holding). </div>


<center><h4><div class = "text-justify">Which one is better and Why? - PancakeSwap or Uniswap</div></h4></center>

<div class = "text-justify">I will be discussing this section under three headings; <b>Fees, Trading Volume and Earning features</b>.</div>
<br>

<div class = "text-justify"><b>Fees</b>: The cost of transaction on <b>PancakeSwap</b> is cheaper as compared to <b>Uniswap</b>, so in terms of <b>fees</b>, PancakeSwap is better than Uniswap.</div>
<br>
<div class = "text-justify"><b>Trading Volume</b>: Considering the trading volume, Uniswap has higher numbers of tokens and trading pairs as compared to PancakeSwap which enable users to select from numerous tokens and easily swap them. In terms of <b>trading volume</b>, Uniswap is better than PancakeSwap. </div>
<br>

<div class = "text-justify"><b>Earning features</b>: PancakeSwap has more earning features than Uniswap and examples are; farms, prediction, lottery, and the likes on PancakeSwap which is missing in Uniswap. So considering more earning features, PancakeSwap is better than Uniswap.</div>


<center>![Fred Br.png](https://cdn.steemitimages.com/DQmdnx1ZdtYDsQGpQroBf3AR9f3mKro3wN1Kj1Ph6X8eanG/Fred%20Br.png)</center>

<center><h4><div class = "text-justify">5. How to connect PancakeSwap with Metamask</div></h4></center>


<div class = "text-justify"><li>For this section, I am using the <b>Metamask</b> wallet to access <b>PancakeSwap</b> DEX through the dApp. I launched the Metamask wallet and selected <b>browser</b> from the left options. </li></div>
<br>
<div class = "text-justify"><li>On the dApp interface, I inputted <a href = "pancakeswap.finance">pancakeswap.finance/</a> to visit. Screenshots below.</li></div>

<center><div class = "pull-left">https://cdn.steemitimages.com/DQmfGhMVsdsTLy2zTjqwpThfJ3TD9M9kEn1aBZWnsYAqa2E/iMarkup_20210713_193620.jpg
</div>
<div class = "pull-right">https://cdn.steemitimages.com/DQmVvqRz5QFtcnNt9azMzz3hPxDYMKG6JoezWPyZiUUV6mQ/iMarkup_20210713_193714.jpg
</div></center>
<hr>

<div class = "text-justify"><li>Now on the PancakeSwap page, I selected <b>Connect</b> on the top of the page and clicked <b>Metamask</b> from the list of the wallets. See screenshots below.</li></div>

<center><div class = "pull-left">https://cdn.steemitimages.com/DQmezjVrGn6Kke23hgu3ZncoxuasTAeHfJrLyRNBeWN5F1F/iMarkup_20210713_193756.jpg
</div>
<div class = "pull-right">https://cdn.steemitimages.com/DQmaRSVSYmADXunJRrbSjhUdukQFSTuRKp8hBVefum5EqmN/iMarkup_20210713_193835.jpg
</div></center>
<hr>

<div class = "text-justify"><li>After selecting Metamask, I clicked on <b>Connect</b> and clicked <b>Approve</b> to add a new network on the next interface. See the screenshots below.</li></div>


<center><div class = "pull-left">https://cdn.steemitimages.com/DQmexKaTivm2U7HmC8j43CXK9CTwXEsXFKQq5sZ2BKVzxTT/iMarkup_20210713_194432.jpg
</div>
<div class = "pull-right">https://cdn.steemitimages.com/DQmUTHAiTjMVi9SLaWMy5tK6kvBuBHZGk1NvrZNudSGW7Ki/iMarkup_20210713_194523.jpg
</div></center>
<hr>

<div class = "text-justify"><li>Now, I have successfully connected PancakeSwap to Metamask wallet.</li></div>


<center>![iMarkup_20210713_194614.jpg](https://cdn.steemitimages.com/DQmYN6fao2FW1x4SH1gw1YWEZtP3SDqtLF9o5jC923jDD4f/iMarkup_20210713_194614.jpg)
<sub>PancakeSwap connected to Metamask</sub></center>


<center>![Fred Br.png](https://cdn.steemitimages.com/DQmdnx1ZdtYDsQGpQroBf3AR9f3mKro3wN1Kj1Ph6X8eanG/Fred%20Br.png)</center>

<h4>Conclusion</h4>

<div class = "text-justify">In conclusion, DeFi (Decentralized finance) is shaping our crypto ecosystem to allow independence of transactions that involves no intermediaries at all where transactions are done on the decentralized exchanges at a very speedy rate.</div>
<br>

<div class = "text-justify">PancakeSwap and Uniswap are some of the popular decentralized exchanges with the former deployed on the Binance Smart Chain network and the latter deployed on the Ethereum blockchain to carry out transactions of choice. PancakeSwap is quite economical with low transaction fee as compared to Uniswap. Thanks to professor @yousafharoonkhan for this great lecture. Thank you all.</div>

<center>![Fred Br.png](https://cdn.steemitimages.com/DQmdnx1ZdtYDsQGpQroBf3AR9f3mKro3wN1Kj1Ph6X8eanG/Fred%20Br.png)</center>
Cc: @yousafharoonkhan

<center>![Fred Br.png](https://cdn.steemitimages.com/DQmdnx1ZdtYDsQGpQroBf3AR9f3mKro3wN1Kj1Ph6X8eanG/Fred%20Br.png)</center>

*Written by;*
*@fredquantum*



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vote details (36)
@yousafharoonkhan · (edited)
***Respected first thank you very much for taking interest in [SteemitCryptoAcademy
](https://steemit.com/trending/hive-108451) Season 3 | intermediate course class week 3***

|Criteria	 |  Calculation out of 2|remarks |    |   |
|---|---|---|---|---|
| Presentation/quality	 | 1.8  | thank you very much for taking participate in intermediate class course  |   |
|Originality	  | 2/2  |  |   |
|Compliance with Topic| 1.8 |  |   |
|  Clarity of Language	|1.8   |  |   |
|Quality of Analysis	  | 2|  |   |
| ***Grand total*** | ***9.4***  | looking good  |   |

thank you very much for taking participate in this class
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@fredquantum ·
Thanks for the review professor @yousafharoonkhan.
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