How To Use BabySwap: A Step By Step Guide
Currently, Coin98 Wallet has successfully integrated BabySwap on dApp Browser and has become one of the official cryptocurrency wallets of the AMM platform, allowing users to access and experience the best features of the AMM platform. Multi-chain wallet - the top DeFi gateway in Asia.
BabySwap Overview
BabySwap is the (DEX) AMM+NFT decentralized exchange, for newborn projects on the Binance Smart Chain ecosystem, providing a more friendly trading experience for users.
The special feature of BabySwap compared to other AMM decentralized exchanges on Binance Smart Chain is that users can experience the swap route as USDT, instead of BNB or BUSD.
Besides the opportunities to swap hot and potential tokens on the Binance Smart Chain ecosystem, BabySwap also provides users with a variety of profit-seeking solutions such as Yield Farming, Snack Pool, NFT Ecosystem, Play Ground, and IDO.
How to start using BabySwap
Download and install Coin98 Wallet
BabySwap is now available on the Coin98 Mobile Wallet for both iOS and Android users: https://coin98.com/wallet
Read the detailed instructions about how to use Coin98 Wallet or watch the tutorial video below to install the Coin98 Mobile Wallet:
Download and install Extension Wallet
Coin98 Extension Wallet now supports both Chrome and Firefox. If you are a new user, currently you can directly install the Extension Wallet on your computer.
Create the Binance Smart Chain Wallet (BNB & BEP20 tokens)
As BabySwap is an AMM on Binance Smart Chain, you need a Binance Smart Chain (BNB BEP20) wallet to start using it.
After installing Coin98 Wallet, you can refer to the guidelines below to create a BSC (BNB BEP20) wallet, or restore BSC wallets from other platforms to Coin98 Wallet.
If you are already a Coin98 Wallet user, you should import multi-chain wallets again to get updated with wallets on Binance Smart Chain (BNB BEP20), as well as other integrated blockchains on the latest version automatically.
On BabySwap, whether you’re using USDT, BUSD or BNB, you need to transfer them all to your BEP20 wallet.
In case you’ve accidentally transferred your assets to a TRC20, ERC20, or SPL wallet, don’t worry, you can use the Coin98 Wallet Cross-Chain Bridge solution to convert them into BEP20 tokens directly in the app instead of transferring them to Binance and withdrawing them as BEP20 tokens. This is considered one of the best features of Coin98 Wallet, which eases your journey through BabySwap.
Prepare BNB to pay for the gas fee
BabySwap uses BNB for the gas fee, therefore, to start earning on BabySwap, you need to have BNB coins in your account.
The transaction fee of BSC is quite cheap compared to Ethereum, currently, the fee for 1 swap on BabySwap is about 0.25%.
So now that everything is ready, let’s start trading.
How to use BabySwap on Coin98 Mobile Wallet
To access BabySwap, after logging in to your Coin98 Wallet account, click Browser on the main screen and select BabySwap in the Exchange section of the DApp Store or search in the search bar.
Swap
Step 1: After accessing BabySwap from DApp Browser, click on the menu icon in the upper right. Select Connect to connect to the BSC network on the Coin98 Wallet. Then select Coin98 Wallet.
Step 2: Next, click on the menu icon in the upper left. Select Trade. Then select Exchange. To change your wallet or trading network, you can click the wallet option in the bottom right corner of the screen.
For example, here I choose Binance Smart Chain.
Step 3: On the Swap interface, you select the token pair you want to trade from the search bar. In this example, I choose BNB and BABY pairs. If you want to swap other tokens, you just need to choose the corresponding tokens.
Step 4: Enter the amount of each token you want to swap.
Note:
- Transaction fees on Binance Smart Chain are quite cheap, but you also need to keep some BNB for gas fees while swapping for transactions to be complete.
- Do not click MAX when swapping, because you may not have enough transaction fees to complete.
Step 5: Click Swap. The interface will display the transaction information again. You need to read carefully before clicking Confirm Swap.
Step 6: The system will charge a very small amount of network fee for this step. If you agree, select Send.
After the swap is successful, you can click “View on BscScan” to check the on-chain data or access the Transaction History to view the details of your transactions.
Add liquidity
Step 1: In the upper left menu bar, select Trade. Then select Liquidity.
Step 2: Select “Add Liquidity” to add liquidity.
Step 3: Choose the amount you want to Supply. Just enter the amount of a coin/token, the system will automatically calculate the remaining coins/tokens. In this example, I choose to add liquidity for BNB and BABY pairs.
Step 4: Double-check the information and select Approve BABY. The system will charge a very small amount of network fee for this step. If you agree, select Send.
Step 5: Click Supply → Click “Confirm Supply”.
Step 6: The system will charge a very small fee of liquidity contribution for this step. If you agree, select Send.
Step 7: After the added liquidity is successful, you can click “View on BscScan” to check the on-chain data or access the Transaction History to view the details of your transactions. Token BNB/BABY LP, representing your share in the liquidity pool BNB - BABY.
You can also get your money back at any time by clicking on the “Remove” button to cancel the liquidity you have added.
Farming
Once you have the LP token from the above step, you can use this token to farm and receive free BABY coins as follows.
Step 1: In the upper left menu bar, select Farms. Similar to the above, you can connect and choose a wallet containing LP tokens.
Step 2: Select the Farm you want to join. For example, here I choose BNB - BABY farm.
Step 3: Select Enable. The system will charge a very small fee for this step. If you agree, select Send.
Step 4: Next, we click Stake LP and enter the amount of LP tokens you want to Stake. Select Confirm and transfer the fee to confirm the transaction.
After a successful transaction, the system will clearly show how many BABYs you have farmed over time. The system will charge a very small amount of review fee for this step. If you agree, select Send.
If you want to harvest the amount of BABY that you have staked, click Harvest. The system will charge a very small amount of review fee for this step. If you agree, select Send.
Stake on Snack Pools
At Snack Pools, you can directly Stake your existing BABY coin or other BEP20 tokens to receive BABY according to the amount you have staked.
Step 1: On the DApp Browser, click on the menu icon in the upper left. Select Pools to access Snack Pools.
The system will automatically connect your BSC wallet, follow the same steps as instructed above to connect and change the wallet. Choose the Pool you want. Here I choose Earn BABY. Then select Enable.
Step 2: The system will charge a fee for this Pool participation step. If you agree, select Send.
Step 3: Select Stake to stake BABY.
Step 4: Enter the amount of liquidity tokens you want to stake and select Confirm.
You can choose quickly: 25%, 50%, 75%, and Max. The system will charge a very small fee for this confirmation step. If you agree, select Send.
Step 5: The system will clearly show the amount of BABY you have staked and the corresponding amount of tokens you will receive in real-time.
- If you want to stake more BABY, click on the (+) sign.
- If you want to unstake BABY, click on the (-) sign and select Collect.
Then select Confirm. The system will charge a very small fee for this confirmation step. If you agree, select Send.
Step 6: To harvest the amount of BABY that you have staked, choose Collect as the step above. Then you click Harvest. Click on the Confirm button to receive the reward after staking BABY (I'm testing so I haven't profited from stake yet).
The system will charge a very small fee for this confirmation step. If you agree, select Send.
Stake on NFB Pools
Step 1: Similar to the steps above, from the DApp Browser, click on the menu icon in the upper left. Select NFB to access NFB Pools. Then select Approve.
The system will charge a very small fee for this confirmation step. If you agree, select Send.
Step 2: Choose Stake to stake NFB. Enter the amount of NFB you want to stake, in addition, you can also click on Get NFB below, the system will lead you to another page to be able to choose the NFB you want to buy. Select Confirm.
Join IDO
IDO (Initial DEX Offering) is a way to be able to receive a part of the token at a good price at the time of the initial launch of a new project by staking USDT. IDO provides instant liquidity and trading.
Note: You need to prepare USDT in your wallet to be able to buy IDO tokens.
To join IDO on BabySwap, follow these steps:
Step 1: Click on the navigation bar in the upper left corner of the screen. Select IDO.
Step 2: Follow the next instructions to join IDO.
- Commit the amount of USDT to buy tokens.
- After IDO, you can claim the amount of IDO tokens that you bought proportionality and get back the unused USDT.
How to use BabySwap with Coin98 Extension Wallet
Coin98 Extension Wallet with the latest update version 5.4.8 allows users to connect to Dapps easily.
The special point of the Coin98 Extension Wallet is Coin98 Wallet automatically optimizes transaction fees and speed. It could help you achieve significant savings in transaction fees. Or else, you can adjust the gas fee by sliding the gas fee bar according to your purpose.
Swap
Step 1: Click to home.babyswap.finance and select “Connect” in the right corner of the screen.
Step 2: Select Coin98 Wallet and click to confirm Connect in the message displayed on Coin98 Extension Wallet.
Step 3: Select the token you want to swap, enter the amount of tokens in the From or To box, the system will automatically calculate the amount of tokens to swap of the remaining box for you.
Step 4: Next, select Swap and click Confirm Swap to finish.
Note:
- Transaction fees on Binance Smart Chain are quite cheap, but you also need to keep some BNB for gas fees while swapping for transactions to be completed.
- When swapping, do not click MAX because you may not have enough transaction fees to complete the transaction.
Add liquidity
Step 1: Go to BabySwap Trade and select Liquidity. Then select Add Liquidity.
Step 2: Enter the amount you want to add liquidity in the BNB box or the BABY box. The system will automatically calculate the remaining amount of tokens according to the market price.
Step 3: Select Supply and click Confirm Supply to finish.
The system will charge a very small amount of review fee for this step. If you agree, you choose Confirm.
After added liquidity, you can follow your pool in the Your Liquidity section, below the Add Liquidity button. You can also add tokens or withdraw tokens by selecting “Add” or “Remove” at any time.
Farming
Step 1: On the upper left menu bar, select Farms. Similar to the above, you can connect and choose a wallet containing LP tokens.
Step 2: Select the Farm you want to join. For example, here I choose BNB - BABY farm.
Step 3: Next, we click Stake LP and enter the amount of LP tokens you want to Stake. Select Confirm and transfer the fee to confirm the transaction. After the transaction is successful, the system will clearly show the amount of BABY you have farmed over time.
If you want to harvest the amount of BABY that you have staked, click Harvest. The system will charge a very small amount of review fee for this step. If you agree, select Confirm.
Stake on Snack Pools
Step 1: Click on the menu icon in the upper left. Select Pools to access Snack Pools.
Step 2: Choose the Pool you want. Here I choose Auto BABY. Then select Enable. The system will charge a small fee for this Pool participation step. If you agree, select Send.
Step 3: Select Stake to stake BABY.
Step 4: Enter the amount of liquidity tokens you want to stake and select Confirm. You can choose quickly: 25%, 50%, 75%, and Max. The system will charge a very small fee for this confirmation step. If you agree, select Send.
Step 5: The system will clearly show the amount of BABY you have staked and the corresponding amount of tokens you will receive in real-time.
- If you want to stake more BABY, click on the (+) sign.
- If you want to unstake BABY, click on the (-) sign and select Collect.
You can quickly choose levels: 25%, 50%, 75%, and Max. Then select Confirm.
Step 6: To harvest the amount of BABY that you have staked, you choose Collect as the step above. Then you click Harvest. Click on the Confirm button to receive the reward after staking BABY (I'm testing so I haven't profited from stake yet).
The system will charge a very small fee for this confirmation step. If you agree, select Send.
Stake on NFB Pools
Step 1: Click on the menu icon in the upper left. Select NFB to access NFB Pools. Then choose Stake to stake NFB.
Enter the amount of liquidity tokens you want to stake, in addition, you can also click on the small Get NFB section below to get more NFB for yourself, the system will lead you to another page to be able to choose NFB that you want to buy.
Next, choose Confirm.
Join IDO
You need to prepare USDT in your wallet to be able to buy IDO tokens.
To join IDO on BabySwap, follow these steps:
Step 1: Click on the navigation bar in the upper left corner of the screen. Select IDO.
Step 2: Follow the next instructions to join IDO.
- Commit the amount of USDT to buy tokens.
- After IDO, you can claim the amount of IDO tokens that you bought proportionately and get back the unused USDT.
Playground system
Playground is a Play to earn system, you can find many games to earn more tokens for yourself.
Step 1: Click on the menu icon in the upper left. Select Playgrounds. You can choose any game you want to try. Then click Play. For example, here I choose Stake BABY in Bird's Farm.
Step 2: You will perform the required operations to receive more rewards. For example, here you have to stake BABY-USDT-LP to participate. If you don't have enough balance, you can click Get BABY-USDT-LP, the system will take you back to the liquidity page.
If you already have this LP token, you choose to Approve to participate. The system will charge a very small fee for this confirmation step. If you agree, select Send.
Milk Bottle system
Milk Bottle is a project development support system. Users can vote by using BABY tokens to support their favorite projects, and the top five winners each week will share that week's prize money.
Why should you use BabySwap on the Coin98 Wallet?
For users who are both new to DeFi and who have been in DeFi for a long time, using BabySwap on Coin98 Wallet brings undeniable benefits such as…
Simple, easy to use
BabySwap has officially integrated Coin98 Wallet, facilitating users to connect wallets more easily and conveniently.
DApp Browser is integrated into the Coin98 Mobile Wallet, on both iOS and Android. Just click "Browser" on the main screen, you will quickly access a "Storage" DApp smoothly and without interruption.
Limit the risk of being cheated
Coin98 Wallet is constantly working on finding highly applicable DApps which gives priority to ensuring the safety of user’s assets when integrating the correct address of the DApp on the Coin98 Wallet mobile app.
So that you can avoid scenarios like searching and accessing fake DApps, being tricked into giving up Private Key / Passphrase, or swapping to win scam tokens.
Cross-chain bridge
Considered as one of the notable improvements of Coin98 Wallet to help users easily interact with BabySwap, now you can convert many token standards directly on the wallet via Cross-chain Bridge without performing any redundant operations via 3rd party applications.
Smooth experience with multiple DApp Browser
If you've “fallen in love” with making money on BabySwap via this tutorial, why not try other multi-chain DApps right on Coin98 Wallet's Browser.
Let's wait alongside Coin98 Wallet for other planets to be integrated in the Coin98 Wallet universe in the near future!
Summary
So, I have introduced and guided you in detail on ways to optimize profits with BabySwap. Hope this article has explained & helped you guys to use BabySwap directly on Coin98 Wallet.
In addition, do not forget to follow the Coin98 Earn section to avoid missing any profit opportunities through Testnet, Airdrop, Play To Earn,…. in the Crypto market!
If you have any questions, please comment below or join the Coin98 Wallet Chat group for support!