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Ignacio Cabanas
Ignacio Cabanas

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How to buy low market altcoins (a.k.a shitcoins)

With the recent boom of Bitcoin and other cryptos, a lot of new different markets have appeared.

From my perspective, there are three types of investors.

  • Mainstream: Invest in BITCOIN, ETH, ADA, DOGE, etc
  • Altcoiners: Buy altcoins that are not well known, but not totally random. For example ENJ, Casper, etc.
  • Full Degens: Buy altcoins with 1 month or less, highly volatile but with huge changes of achieving a x100. Those are the guys who invested in Safemoon and I'm gonna teach you how to be one.

This coins are tokens that work on the Binance Smart Change (run on BNB for gas). The exchange where you want to buy this tokens is called PANCAKE SWAP.

This is a gentle guide to configure and buy on PancakeSwap

  • Install MetaMask extension in your browser
  • Accept Privacy Notes and Terms of Use
  • Create password of at least 8 characters and hit create!
  • Copy and save safely the 12 words that are shown and you’ll have your wallet created
  • Configure your Binance Smart Chain network
    • Click on the top right corner “Ethereum Mainnet” and go to “Custom RPC”

Fill in the following network details:
Network Name: “Binance Smart Chain”
New RPC URL: “https://bsc-dataseed.binance.org/"
Chain ID: “56”
Symbol: “BNB”
Block Explorer URL: “https://bscscan.com"
Hit “Save” after you filled in all the details

Now, you can send BNB bought on any mainstream exchange (for example Binance) and send it here via the BEP20 network.

Here is an example of how to buy a coin. Personally, I bought a token named $KILIMANJARO. You can check it out here: https://kilimanjaro.finance/

Buying $KILIMANJARO

Be sure you have funds on your wallet and also BNB to gas every transaction, if you don’t we advice to withdraw from binance or other exchange that supports BSC

Welcome to this awesome community!

Top comments (1)

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vidgeus profile image
vidgeus

any reason why I would use pancake swap instead of metamask swap directly?