Bitcoin Vault (BTCV) is always looking for ways to expand its ecosystem and improve user experience. This is what led to the creation of its first wrapped token, wBTCV. With a new product for its users, the project needed a forward-thinking platform to launch its token. Enter Binance Smart Chain (BSC), the Decentralized Finance (DeFi) platform that gives Ethereum a run for its money.  

By launching its first wrapped token on BSC, BTCV has opened many doors for its users, one of which is the opportunity to add wBTCV to one of BSC’s high-performance Decentralized Exchanges (DEXes). With around USD 5.06 billion in total value locked in the platform, a dynamic figure, PancakeSwap was the clear winner. Now, BTCV has created its first liquidity pool. All that remains is to explain how BTCV users can take advantage of this new avenue for growth.  

Setting up a Compatible Wallet 

PancakeSwap is a DeFi application that requires a compatible platform to facilitate a variety of actions. MetaMask is a wallet that interacts with PancakeSwap, making it possible to store assets, exchange tokens, allocate funds for staking, provide liquidity, begin farming, and more. BTCV users will need to install MetaMask to take advantage of all the opportunities available on PancakeSwap.  

The following is a brief explanation of how to install MetaMask:  

1. Visit MetaMask.io  

2. Choose your preferred platform and click “Install MetaMask”.   

3. Click “Create a wallet”. 

4. Store the wallet’s backup seed phrase somewhere safe. 

5. Manually add Binance Smart Chain and other networks. Ethereum is added by default. 

6. Add the desired tokens using their smart contract address. 

7. Deposit and receive tokens. 
     

Image suggestion: a screenshot of the MetaMask wallet home screen with BSC mainnet already added, HQ images available in the earlier tutorial 

For a more detailed look at how to install MetaMask, check out our step-by-step video tutorial on wBTCV: 

How to Make a Crypto Crepe  

Image suggestion: a coin in a frying pan, instead of a pancake. Or a PancakeSwap image of some sort.  

Every great dish is comprised of a special recipe. There is always one step or element that makes it unique. If you want to make your own masterpiece on PancakeSwap, you will need one very important ingredient.  

• Buying in 

BNB is the native token used on BSC. It powers every transaction performed within the ecosystem. A small BNB fee is required to make any transaction on BSC, including those performed through PancakeSwap. BNB tokens can be accessed via Binance Exchange.  

To sign up for Binance and purchase BNB: 

1. Visit this Binance registration page and enter your details. 

2. Once registered, open the dashboard and select “Buy Crypto” in the main menu. 

3. Select your preferred payment options (e.g., Credit/Debit Card) from the drop-down menu. 

You can now cross BNB off the shopping list and begin whipping some sweetness into your portfolio. It’s time to make the most of PancakeSwap.  

• Finding Tokens on PancakeSwap 

BSCscan with wBTCV addres

PancakeSwap with BNB and WBTCV as the pairs  

BSCscan is a lot like a blockchain explorer. Here, users can find and track every transaction performed on the network. But it is also the place to find smart contracts and tokens. This is a simple and intuitive process. Anyone can look for any asset by entering its smart contract address in the search bar.  

Simply follow these steps:  

1. Find the token’s smart contract address. 

2. Add it to the MetaMask wallet. 

3. From PancakeSwap’s main menu, select “Trade”. 

4. Search for the tokens you want and enter the amount of BNB you want to spend. 

5. Now go ahead and click “Swap”. 

For a more detailed explanation of how to find and swap tokens on PancakeSwap, check out our wBTCV-BNB tutorial. 

Using wBTCV on PancakeSwap 

Image suggestion: the BTCV logo next to the PancakeSwap logo? 

On PancakeSwap, the process of finding and exchanging assets is the same for every token. This means wBTCV holders are only five steps away from over 1,639 coins and 9,654 pairs available for trading. This represents a profound increase in BTCV’s market exposure. 

BTCV users can now showcase the coin’s security solutions on a bigger stage. With wBTCV, users can store assets, exchange tokens, stake their funds, offer liquidity, begin farming, and more.  

Key Takeaways 

Crypto tokens have taken the industry by storm. They make it possible to take advantage of an even wider array of functionalities. By choosing PancakeSwap, the team behind BTCV can deliver more opportunities for its users to grow than ever.