Learn how to buy Monkeys Token in Trust Wallet in 6 simple steps. Also, a more detailed look at swapping these tokens with Uniswap.
Welcome to our guide on how to buy Monkeys Token. Monkeys Token, a decentralized community driven by a passion for Elon Musk’s ‘Twitter List feature and all things primate-related, has garnered attention in the cryptocurrency market. With its aim to engage with Elon Musk and leave a global mark through billboards, Monkeys Token seeks to harness the power of social media and meme culture. All in all, a very interesting Memecoin that has the potential to go viral.
In this article, we’ll guide you through the entire process to buy Monkeys Token in Trust Wallet, one of the most popular cryptocurrencies and DeFi wallets.
Besides, if you need some background information regarding the trustworthiness of this project. Read this article first: Is Monkeys Token legit?
How To Buy Monkeys Token in Trust Wallet(6 Steps)
In this guide, we’ll assume that you are new to crypto and have never used a crypto wallet like Trust before. Therefore, we’ll start at level zero where you have to set up and install this wallet first.
Of course, you can skip some steps in this buying process if you already using this wallet on a regular basis. That being said, let’s kick off from here 👍.
Step 1: Download Trust Wallet
Download Trust Wallet from the App Store or Google Play Store for free. If you prefer a desktop, you can download the Google Chrome extension by going to the Trust Wallet website.
Besides, don’t forget to verify first if you are visiting the official Trust Wallet website. Otherwise, you risk downloading a fake wallet.
Step 2: Setup Your Trust Wallet
After downloading Trust Wallet, follow the steps to set it up. It’s actually really easy.
- Click ‘Create a new wallet‘
- Create a secure password
- Secure your secret recovery phrase
- Congrats! Your wallet is created
The most important part of setting up any self-custody wallet like Trust Wallet is recording your 12-word secret recovery phrase and storing it in a safe place.
Your secret recovery phrase is the key to your wallet and the funds within. Whoever has your recovery phrase has control of your funds. So make sure to keep it secure.
In other words, besides a password, you also need to secure the 12-word recovery phrase. The password gives access to your device, where the recovery phrase will allow you to do transactions on the blockchain.
Therefore it is important to write it down and lock it away in a safe place. Preferably in an at-home safe that is both fire and waterproof.
Never store your wallet’s private key online such as in a cloud or any files on your phone or computer.
If you lose your recovery phrase, there is no way to recover it or your wallet.
|❗ TIP – A good option for securing your recovery phrase is to use a stainless steel crypto wallet that can survive about anything, from fire to acids, and lasts more than 20 years.|
Step 3: Buy ETH Cryptocurrency First
Before you can buy MONKEYS on Trust Wallet, you need to put some ETH in your wallet which you will swap to $MONKEYS later on.
If you don’t have ETH, you can buy it directly on Trust Wallet(with a credit card), transfer it from another wallet, or buy it on an exchange and send it to your wallet.
Here are the two options for getting ETH into your Trust Wallet.
Option 1: Buy ETH on a Centralized Exchange
You can buy ETH using one of many centralized exchanges that offer it. Coinbase is a popular choice.
For this, you will need to set up an account, verify your payment info, and then you’re good to go.
Once you’ve got ETH in your wallet, you’ll need to transfer it to your Trust wallet.
Option 2: Buy ETH directly on Trust Wallet
One way to avoid the next step (transferring ETH to your wallet from an exchange) is to buy it directly through Trust Wallet.
To do this, just tap “Buy” in your wallet and Trust Wallet will send you to a reliable third-party provider where you can buy ETH with a credit card.
Remember that buying ETH with a credit card is expensive. For instance, at Coinbase you can buy ETH at 0.1% in the order books. Using a credit card will cost you 5% extra.
All in all, using Trust Wallet for purchasing crypto is the fastest way to acquire new crypto with money.
Step 4: Add MONKEYS symbol to Trust Wallet
To be able to start using the Monkeys Token you have to add the MONKEYS symbol first. The next thing that will happen is that Trust Wallet will create a wallet for you. Thereupon, you will be able to receive funds.
Some background information: The Monkeys Token symbol is not available for search on the Trust Wallet(yet). However, this might change in the future if the project gains more traction. To be able to add this symbol to Trust Wallet, we need to copy the Ethereum smart contract address into the app.
To keep my integrity as a trusted source, I’m not going to give you the public address here in this guide. Meaning, you need to do the copy/paste action yourself from the Coinmarketcap website(trusted source). Don’t worry, below I’ll go into detail on how to perform these steps including screen-shots.
Below are the steps to add Monkeys Token to Trust Wallet:
- Go to the Monkeys Token page on Coinmarketcap
- Find the Ethereum contract address
- Now copy this address to the clipboard
- Switch back to Trust Wallet app
- Tap on Add Tokens
- Choose the ‘+’ symbol in the upper left
- Make sure the network is Ethereum and tap Paste
- Check the data and tap Save
After these steps, the Monkeys network and symbol are added and you can start using the Monkeys Token in Trust Wallet.
Step 5: Transfer ETH to your Trust Wallet
To transfer ETH to Trust Wallet you have to use your wallet’s public address — a unique identifier on the Ethereum network.
To find your Trust wallet’s public address, click on ‘Receive‘ button above in the menu. Once clicked, a huge QR code appears. Also, below is the public key(Something like this: ‘0x37d0cc00a6fb08ffb68435fec2ef05b05beaceff’)
Then, click the ‘Copy‘ icon below to store the address in memory.
Once you have your wallet’s public address, you can transfer ETH from the centralized exchange by pasting the address into the “Recipient” field.
This will send the ETH directly to your Trust wallet.
Step 6: Buy Monkeys Token with Uniswap
In short, the Uniswap platform enables users to trade cryptocurrencies like MONKEYS without any involvement with a centralized third party. The Uniswap blockchain is hosted on the Ethereum platform and governed by UNI holders.
All in all, to buy Monkeys Token with ETH on Trust Wallet you have to do the following:
- Open the Trust Wallet App and click below on Browser
- Type ‘Uniswap‘ in search bar and click on the first result
- The App opens where you have to connect first. Click connect button above
- Connect a wallet screen appears. Click the WalletConnect option
- Next, choose the Trust Wallet icon
- Make sure to choose Ethereum as the network to connect
- Next, click Connect button
- Enter the amount of ETH and tap Select Token
- In the search bar paste the Monkeys Token address (from clipboard*)
- From here you can swap ETH for MONKEYS on Uniswap
(*) If the paste action won’t work well(Apple device), you can also search for the MONKEYS by typing it.
Finally, if the transaction went through, the MONKEYS funds will appear in your Trust Wallet. At this point, you have made your first DeFi swap. Meaning, you traded crypto straight from your Trust Wallet without any third-party platform interfering. Happy DeFi trading 😁.
Related: How To Buy Bitcoin with Trust Wallet
FAQ – How To Buy Monkeys in Trust Wallet
Is Monkeys Token Listed on Binance?
Unfortunately, this token hasn’t been added to Binance yet. For buying and trading this coin you can use Uniswap.
Can I buy Monkeys Token with MetaMask?
Sure, you can use the MetaMask wallet as well. To be able to buy MONKEYS with MetaMask you have to follow the same steps mentioned in this guide. In short, transfer ETH to MetaMask, add MONKEYS symbol to MetaMask, connect to Uniswap, and trade ETH for Monkeys with MetaMask.
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