How to trade AWC on Binance DEX?

How to trade AWC?

Preface

Atomic Wallet Token (AWC) has recently migrated to the Binance native blockchain. We’ve moved a half of the token supply (50 000 000 AWC) on Binance Chain that utilizes its own BEP2 standard.

AWC is the first crypto asset, issued by decentralized wallet. AWC Tokens will serve as an internal currency for wallet’s users and bring such benefits for holders: stacking, discounts on exchange services, extra features for trading desk, affiliate and bounty rewards, dedicated support and much more features to come.

Basically, we have two AWC tokens now. One is the well-known AWC ERC20 token running on the Ethereum blockchain you can trade on IDEX. And the second is the new AWC BEP20 token on Binance Chain you can trade on Binance DEX. This complete guide will show you how to do that.

  1. Open a Binance DEX wallet
  2. Log in to https://www.binance.org. If you are here for the first time, set up the Binance wallet. Since it is a decentralized exchange, the wallet functions as a non-custodial one, where you fully control your funds.

    How to trade AWC on Binance DEX?

    When creating a wallet, we recommend following the recommendations Binance gives you, since this is important information you need to know before proceeding next.

    How to trade AWC on Binance DEX?

    Create a password and download a keystore file. Don’t lose it! Otherwise, you won’t be able to restore the access to your wallet.

    How to trade AWC on Binance DEX?

    Back up the mnemonic seed and store in a safe place. Don’t confuse it with Atomic Wallet seed phrase! Store it in a different place. Then put them in the right order in the next step.

    How to trade AWC on Binance DEX?
  3. Swap from ERC20 to BEP2
  4. If you don’t have AWC ERC20, you can trade it on IDEX. See this guide on how to do that.

    To start trading AWC on Binance DEX, swap your old AWC ERC20 to AWC BEP2 using ChangeNOW. Once swapped, send AWC BEP2 to your Binance DEX address.

    How to trade AWC on Binance DEX?
  5. Send BNB to your Binance DEX account
  6. The work principle of Binance DEX is similar to the classic Binance exchange. To start trading, you need to top up your Binance DEX wallet with BNB coin.

    To top it up, send some amount of BNB you want to trade to your wallet address on Binance DEX.

    How to trade AWC on Binance DEX? How to trade AWC on Binance DEX?

    Once arrived, you’ll see changes in the “Balances” tab.

    How to trade AWC on Binance DEX?

    Note: You can send any BEP2 token on your Binance DEX wallet. It works the same way as smart contracts on Ethereum.

  7. Trade!
  8. Now you’re ready to trade and place an order to buy AWC and trade it. In the lower right corner, you can see a box where you can place your order.

    How to trade AWC on Binance DEX?

    Once your order is closed, your balance will be topped up.

    How to trade AWC on Binance DEX?

    You can track all the activity of your Binance DEX account in “Transactions”.

    How to trade AWC on Binance DEX?

    You can move AWC you bought to your Atomic Wallet. To do that, send AWC from the Binance DEX account to your AWC BEP2 address in Atomic Wallet (starts with “bnb”).

    How to trade AWC on Binance DEX?

    Nothing tricky, right? If you have any questions, feel free to ask support@atomicwallet.io, we’re ready to help you 24/7.
    Happy trading!

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