How To Buy HODL on PancakeSwap Using The SafePal Wallet App

This tutorial will show you how to buy HODL on Pancakeswap with the SafePal Wallet.

-Transcript -

00:12 Welcome. This tutorial will show you how to buy HODL with SafePal Wallet. We need to make sure our Wallet is set to the correct network. Select "Network Setting". Select "Finance Smart Chain Network" in the top left corner. Select "Confirm". Now that our Wallet is set to the "Binance Smart Chain" network, we are going to choose "BUY HODL NOW" in the center of the screen. If this is your first time buying HODL on PancakeSwap, you will be presented with a warning screen. Select "I understand", select "Import". We need to connect our wallet. Select "More". We could choose "WalletConnect", but we are going to choose "SafePal Wallet" instead. This total to tutorial is not financial advice. You may choose how much HODL you wish to buy, but in this tutorial, we will be putting in the amount of BMB we are willing to spend.

01:37 We have to set our slippage tolerance. What is slippage? Slippage is the price difference between submitting a transaction and transaction confirmation. Price might rise. Price might fall. What is slippage tolerance? Slippage tolerance is a pricing difference setting that users are willing to accept when swapping. Adjust your slippage tolerance for taxes and market conditions. More trading requires more slippage tolerance. Slippage and Tokenomics Tax are not the same thing. To set your slippage tolerance, choose the gear icon next to the word "Swap". We are going to choose a custom slippage tolerance of 15%.

02:53 When you are done, close out the setting screen. Our 15% slippage tolerance is now confirmed in the bottom right-hand corner of the screen. Select "Swap". If your transaction fails to complete, try again, but this time, putting .00 at the end of your HODL amount. Select your gas fees feed and then select "Confirm". Congratulations. The transaction has been submitted. You can view your transaction receipt on the Binance Smart Chain network through BSC scan. Thank you for considering purchasing HODL and thank you for watching this tutorial.

- JeremyPatMartin

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