Trading Basics: Welcome to Stormheim!

Hi everyone, in this post I want to introduce you to my channel - Stormheim Traders.

Source

I made this channel just for fun with hopes to help people finding the actual projects that deserve their attention. If you're not familiar with basic crypto trading stuff, I'll explain it to you briefly.

The main difference between ETH and BSC chains is that on eth you have more volume and less risk, while on bsc you have less volume and higher risk (rugs, honeypots and that type of stuff).

See it like this:

ETH = More Volume, Less Risk, Less Profit
BSC = Less Volume, More Risk, More Profit

If you're not experienced enough to avoid being scammed on your investments, I'd suggest trading only on Ethereum Network.

But if you're smart, can think fast & cut losses on time, have enough money to risk and want quick profits - then you can trade on Binance Smart Chain.

The good thing about BSC is that you can literally flip $10 to $100 in one week or less, fees on bsc are practically non-existent.

To trade on ETH we use Uniswap, and to trade on BSC we use Pancakeswap.

https://app.uniswap.org/#/tokens/ethereum/0x1f9840a85d5af5bf1d1762f925bdaddc4201f984

This link opens the trading window of "UNI" token, which is the native currency of Uniswap, in order to trade any specific token we just change the "0x1f9840a85d5af5bf1d1762f925bdaddc4201f984" (which is the address of UNI token) to the address of the token we want to trade.

https://pancakeswap.finance/swap?outputCurrency=0x0E09FaBB73Bd3Ade0a17ECC321fD13a19e81cE82

Same thing here, this link opens trading of "CAKE" token, which is the native currency of PancakeSwap, so you just have to change the address and it will open the trading of the desired token.

To trade on BSC you also have to change the network in your MetaMask to BNB Smart Chain, I showed how to do it in my last post.

Both chains are good, nothing stops you using them both when needed.

And finally here's the link to my channel in telegram: https://t.me/StormheimTraders

Please trade wisely and only invest what you can afford to lose.

• Tyrande