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How to Buy Evergrow Coin on Trust Wallet

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Evergrow Coin (EGC) is a unique deflationary token that provides holders with passive income through rewards simply for holding the tokens in their wallet. The rewards come from a tax on transactions which is redistributed among all holders.

Buying Evergrow Coin is easy when using Trust Wallet and the decentralized exchange PancakeSwap. In this step-by-step guide, you‘ll learn:

  • What is Evergrow Coin and its key features
  • Why buy it on Trust Wallet
  • How to set up a Trust Wallet account
  • How to purchase BNB coins in Trust Wallet
  • How to swap BNB to Smart Chain BNB
  • How to access PancakeSwap through Trust Wallet
  • How to connect your Trust Wallet to PancakeSwap
  • How to swap BNB Smart Chain for Evergrow Coin
  • How to store your Evergrow tokens in Trust Wallet

Let‘s get started!

What is Evergrow Coin (EGC)?

Launched in September 2021, Evergrow Coin is a deflationary token on the Binance Smart Chain. Its key features include:

  • Rewards for holders – A 14% tax is charged on every buy and sell transaction. Part of this tax is redistributed among existing holders as rewards. So you can earn passive income just by holding EGC tokens in your wallet.

  • NFT marketplace – The team plans to launch an NFT marketplace where artists and creators can sell their NFTs. A portion of marketplace fees will also be distributed to EGC holders.

  • Liquidity Pool – Another portion of the transaction tax feeds the liquidity pool allowing for better price stability.

  • Buyback reserve – Part of the tax also builds a buyback reserve so tokens can be bought back and burnt to reduce supply. This makes the token deflationary.

So in summary, Evergrow Coin incentivizes holding the token with various rewards, while the tokenomics promote price stability and scarcity through deflationary mechanisms.

Why Buy Evergrow Coin on Trust Wallet?

Trust Wallet is a popular decentralized wallet app that gives you complete control over your crypto. When you buy EGC on Trust Wallet, here are some key benefits:

  • Non-custodial – You fully control your private keys. Trust Wallet does not hold or access your funds.

  • Secure – Your private keys are only stored on your device, not on a server. You set a password to encrypt your wallet.

  • Backup & recovery – You get a 12-word recovery phrase to restore your wallet in case your phone is lost/damaged.

  • Decentralized exchange access – Buy tokens directly within the app by connecting to exchanges like PancakeSwap without an account.

  • Wide selection – Supports many crypto assets including EGC, BNB, Bitcoin, Ethereum, altcoins, stablecoins, and more.

So Trust Wallet provides you a highly secure way to buy and store EGC and other tokens while retaining full control.

Step 1: Download and Set Up Trust Wallet

Trust Wallet is available as a mobile app for both iOS and Android devices.

  1. Go to the App Store if you‘re on iPhone, or the Play Store if you‘re on Android.

  2. Search for "Trust Wallet". Make sure it‘s the app from Trust Wallet.com.

  3. Download and install the app.

  4. Open the Trust Wallet app. You‘ll first need to accept their Terms of Service.

  5. You‘ll then get a 12-word recovery phrase. This phrase is the backup for your wallet. Store it very securely – by writing it down on paper and storing it safely. Don‘t store it digitally.

  6. Confirm your recovery phrase by entering the words in order. This verifies you have securely stored the phrase.

  7. Create a password for your app. Make sure it‘s secure and don‘t lose it.

  8. You are all set! Your wallet is now ready. Your wallet address will be shown – this is what you‘ll need to receive any cryptocurrency.

Step 2: Buy BNB within Trust Wallet

To swap for Evergrow Coin, you first need BNB coins in your Trust Wallet. Here‘s how to get BNB:

  1. From your Trust Wallet app home screen, tap "Buy".

  2. Search for and select Binance Coin (BNB).

  3. Enter the amount of BNB you want to buy in USD. Make sure you buy enough BNB to cover your required EGC purchase, fees and any future needs.

  4. Complete your purchase using a debit/credit card. Trust Wallet uses Simplex to process card payments securely.

  5. You will receive BNB in your Trust Wallet shortly. It may take 10-30 minutes.

Step 3: Swap BNB for Smart Chain BNB

Before swapping for EGC, you need to convert your BNB to Smart Chain BNB which is the coin used on PancakeSwap exchange.

  1. In Trust Wallet, go to your BNB wallet. Tap "More", then tap "Swap to Smart Chain".

  2. Check the details and confirm the swap. Set Slippage to 11-12%.

  3. The swap will complete within a few minutes and you will now see Smart Chain BNB in your wallet.

Step 4: Access PancakeSwap through Trust Wallet

PancakeSwap is the decentralized exchange on Binance Smart Chain where we can swap BNB for Evergrow Coin. Here‘s how to access it in Trust Wallet:

If using Android:

  1. Open Trust Wallet and tap the "DApps" icon at the bottom.

  2. Under Popular, find and select PancakeSwap.

If using iPhone:

  1. Open Settings on your iPhone and find Trust Wallet. Enable the "DApp Browser" setting.

  2. Open Trust Wallet and tap the browser icon at the bottom.

  3. Type pancakeswap.finance in the address bar and visit the site. Bookmark it so you can easily return.

You now have access to PancakeSwap through your Trust Wallet app.

Step 5: Connect Your Wallet to PancakeSwap

To interact with PancakeSwap and swap tokens, you need to connect your Trust Wallet.

  1. On the PancakeSwap website, tap "Connect" near the top right.

  2. A list of wallet options will appear. Select Trust Wallet to continue.

  3. Your Trust Wallet app will open. Tap "Connect" to approve the connection.

  4. You will see your connected wallet address on PancakeSwap. You can now swap tokens!

Step 6: Swap BNB Smart Chain for Evergrow Coin

Time to finally swap some BNB for Evergrow Coin!

  1. From the PancakeSwap interface, select "Exchange" on the left.

  2. Tap "Select a currency" and search for EverGrow Coin. You won‘t find it in the list.

  3. Instead, tap on "Manage Tokens" then "Import Tokens".

  4. Enter the Evergrow Coin contract address:

    0xC001BBe2B87079294C63EcE98BdD0a88D761434e

  5. EverGrow Coin will now appear. Select it.

  6. Enter the amount of BNB you want to swap. Make sure you have enough BNB Smart Chain for the swap and fees.

  7. Tap "Swap". Your BNB will be exchanged for EGC!

  8. The EGC tokens will automatically appear in your Trust Wallet shortly.

You‘ve now successfully purchased EverGrow Coin using Trust Wallet and PancakeSwap!

Step 7: Store Your EverGrow Tokens Securely

To safely store your Evergrow Coin purchase:

  • Make sure to copy and safely backup your 12-word recovery phrase in case you need to restore your wallet.

  • Enable all the security features in Trust Wallet – PIN, biometrics, auto-lock etc.

  • Never share your recovery phrase or wallet password with anyone.

  • For large amounts of crypto, consider a hardware wallet like Ledger or Trezor for the most secure storage.

  • Be cautious of scams and fake websites/wallets. Only use official sources.

Storing your crypto safely is critical to avoid losing your investment, so take precautions.

And that‘s it! You can now start earning rewards on your Evergrow Coin stored securely in your Trust Wallet.

Common Questions

Is there a Trust Wallet browser extension?

No, Trust Wallet is only an app for mobile devices. Browser extensions claiming to be Trust Wallet may be fake – only enter your recovery phrase in the official Trust Wallet app.

What are the fees for buying crypto on Trust Wallet?

Trust Wallet itself has no fees. However, exchanges built into Trust Wallet like Simplex, MoonPay or PancakeSwap have fees. Compare rates before purchasing.

Is Trust Wallet safe to use?

Yes, Trust Wallet is considered very safe. As keys are stored locally on your device and encrypted, there is no centralized point of failure. But users need to take precautions like backing up their recovery phrase.

How do I add other cryptocurrencies to Trust Wallet?

If the token or coin is built on BNB Smart Chain, Ethereum, or other supported chains, you can simply tap the + icon in Trust Wallet to add it. For unsupported assets, you may need to manually enter the contract address.

Can I connect Trust Wallet to my hardware wallet?

Yes, Trust Wallet supports integration with hardware wallets like Ledger and Trezor for added security. You can enable the connection through Trust Wallet‘s WalletConnect feature.

So that covers everything you need to know to securely buy and store Evergrow Coin using Trust Wallet. I hope you found this guide helpful! Let me know if you have any other questions.

AlexisKestler

Written by Alexis Kestler

A female web designer and programmer - Now is a 36-year IT professional with over 15 years of experience living in NorCal. I enjoy keeping my feet wet in the world of technology through reading, working, and researching topics that pique my interest.