Yesterday we saw the PR for MoonsSwap, the leading platform to exchange Reddit’s Moons for cash. A place that gives Moons substantial value by making them easily tradeable, solving Testnet’s valueless problems.
Today, we’ll dive into the details on how to do it. Once you get a grasp on the method, it’s a process that happens in 2 minutes tops.
If you already own a wallet on Reddit plus a wallet on BSC or Metamask, skip the MoonsSwaping 101 section.
MoonsSwaping 101: Setting up Metamask/BSC and Reddit Chain
This one-time setup is the only thing that needs time, but as far as it’s done, nothing holds you from buying or selling Moons on MoonsSwap.
BEP-20 Wallet Setup
For a trade to happen in MoonsSwap, the first thing you need is a BEP-20 address.
Furthermore, you need to create an account on Binance to deposit some BUSD in your wallet, to exchange them with Moons.
To create a Binance account, you can use this link.
You can either create a Metamask wallet or a BSC wallet, both of them being able to handle BEP-20 tokens.
If you don't own a wallet yet, this guide below will help you accordingly.
Reddit’s Vault Setup
Provided by Reddit itself, this is the fastest way to create a Vault on Reddit, for your Moons to exist in your wallet.
NOTICE: You need a phone with IOS or Android to create a vault