How to use trustwallet to stake crypto on robiniaswap ?
I am creating this post so that both experienced as well as new users can understand the process get started with crypto staking.
The first part illustrates the installation of trustwallet and the latter part deals with funding and staking of crypto using your trustwallet.
If you already have trustwallet installed you can scroll down and directly go to the staking section.
If you are into crypto and a mobile user chances are you would have heard about the trust wallet.
If not you can download and install it on your mobile phone.
Both android and IOS based phones and devices support trustwallet
Install trustwallet for android from here
Play store link
Android APK Link
Install trustwallet for IOS/ apple phone here
If for any reason these links do not work you can access the links from the homepage of https://trustwallet.com/
Installation & Setup
I demonstrate the installation using android and playstore over here
First search & install the trustwallet from the play store
and open it.
Upon opening the wallet for the first time you are presented with
a) Create a new wallet or
b) Import a wallet
If you have an existing binance smart chain wallet or an existing trust wallet Mnemonic key phrase then you can opt for the import option and restore an existing wallet.
Create a New Wallet
For creating a new wallet click the "Create A New Wallet" option.
On the next screen apply the check mark
This enables the continue button as shown in the image below click it
The next screen displays a set of 12 worlds which is the "Mnemonic phrase" of your wallet. Note it down and keep it safe.
The next screen prompts you to reconfirm your Mnemonic phrase only then would your wallet be created.
Upon verification you would get the following message.
Once the wallet is created you would be at the home screen that looks like this
Your wallet is ready to use however you would need some crypto to fund it.
Also for staking you are going to need some BSC or the Binance Smart Chain Tokens.
This would display the deposit address
How to find the deposit address of any other crypto
Click on the icon of the crypto you want to deposit just as we did for BSC
Now user can send crypto from any other wallet or withdraw from an exchange.
For the ease of understanding and use one could add PancakeSwap's cake tokens and use them for staking.
To start staking click on the dapps section of trust wallet as shown below
Enter the address https://robiniaswap.com/ in the address field as open the url as shown in image below
This opens the site as shown below
However by default it is connecting to the ETH network. However we are keen to stake our BSC based tokens.
So click on the eth icon shown as encircled
Click and select the BSC network by clicking on the icon as shown below
This switches the network to BSC as can be seen by the network icon
Next click the connect button
This would open the following options
Select the TrustWallet option
Click the connect button
Once the wallet is connected you can see a part of you address
Now you are all set to dive into staking
Next click the horizontal lines to access the menu
This opens the following options
Select the pool option
Select a pool to stake
This would depend on the currency you hold and you wish to stake
You can visit https://robiniaswap.com/pools and check which are the active pools you can stake in to earn RBS tokens.
If you have RBS tokens you can stake them for earning more RBS tokens.
For staking you have to first click the "approve contract" button next/just below the pool.
Once approved you would get the option of stake
Click that button
Some amount of gas fee for staking would be required.
This involves paying some gas fee in BSC that is why it is always advisable to keep some bsc in your wallet to pay the gas fee.
If you click the Max button all you holding of that crypto would be staked. For example if I stake BSteem and click the Max button then all your bsteem held in tha twallet would be put on staking.
Let us try another token for staking. This time cake tokens of Pancakeswap.
Staking would require 2 key steps
a) Approve Contract and pay a small fee
b) Stake> Set the amount of tokens to stake pay a small fee to complete the process and start staking.
Currently you stake various tokens and earn RBS tokens as reward of staking.
The https://robiniaswap.com/ pool https://robiniaswap.com/pools has a number of tokens to stake. One can choose any and start taking them.
The APR: of the Pool would different for every pool.
Keep an eye as it varies. One can try to join a pool with a higher APR to earn more RBS tokens.
Please note that for a staking pool the APR is always dynamic and can go up and down.
Backup your wallet before you start using it
remember not your keys not your crypto
The crypto world is full of ups and downs and there are too many people out there who are after your crypto so I sincerely hope you do not lose your crypto to a trickster or lose your crypto because of a mobile or wallet crash and you did not back up your wallet keys.
Also as an added level of security if you have a crypto installed on your wallet make sure you have a screen lock enabled on your device.
Currently I am studying and experimenting with robiniaswap a new Pool and farming platform
RobiniaSwap Official Documentation:
Standard Disclaimer: Please do your own due diligence and research before making an investment. The purpose of this post is for educational purpose only and it should not be considered as financial advice.