How to Swap Coins with SafePal
In order to use Binance Smart Chain’s DeFi, you’ll need to have the correct token. The following instructions explain how to get the correct token, BNB (BEP20) note that it’s NOT BEP2. Be sure you are logged in to the exchange or wallet where your crypto tokens are. We will be using Uphold as an example.
- On your phone, download SafePal. https://safepal.io/download
- Click Software Wallet
- Click Next
- Type in a password
- Click Next
- Read the Terms of Use and Accept
- Click Submit
- Set a pattern if you’d like to
- Click Start SafePal journey
- Click Software Wallet
- Click Create Wallet
- Enter your password
- Click Confirm
- Type in a name (doesn’t matter what it is)
- Click Done
- Click Back up my phrase
- Read and select all of the items
- Write down each of the 12 words you see. Whatever you do, do not lose this mnemonic phrase.
- Click Next
- Put the 12 words in order
- Click Next
- If you do not see the token you’re trying to send, click Add
- Select the toggle next to “XRP Ripple” (Make sure it’s not the XRP BEP2, BEP20, ERC20, etc)
- Click Add Coin
- Click XRP
- Click Receive
- Click Copy
- Go to the Uphold app (or the exchange/wallet where your crypto is)
- Select “XRP”
- Click Transact
- Slide the “X” up
- Select “From”
- Click Use All
- Select the “To” dropdown
- Scroll down to “Crypto Networks”
- Select XRP (or the token you selected earlier. Verify that you are selecting the correct token or you could end up losing your tokens)
- Click Preview withdraw
- Paste in the XRP address that you copied on 27 into the XRP address
- Double-check that the correct address was pasted in
- Click Next
- Click Confirm
- Type in your authenticator app 6 digit code
- Click Confirm
You’ve now sent money to SafePal which we will use to exchange XRP for BNB BEP20 tokens. It can take a few minutes to a few hours to transfer the tokens depending on how many transactions are currently happening on the network.
- Open the SafePal app
- Click the two arrows (one pointing left and one pointing right) icon
- Ensure “Swap” is selected
- Select the token on “Pay”
- Select “XRP” (or the token you sent to SafePal)
- Select the token on “Receive”
- Select “BNB (BEP20)”
- Select the 0.0 on “Pay”
- Click MAX
- Click Next
- Click Swap
- Type in your password
- Click Confirm
- Wait for the transfer
- You should see an “Estimated Time” to complete the transfer. Once it’s successful, click the back arrow.
Now that you have BNB, you can start earning interest on the Binance Smart Chain. We use TrustWallet for transacting on the Smart Chain network. You can learn how to set it up here.
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