Staking CAKE from PancakeSwap Directly from Trust Wallet

Hi everyone! After sharing my first n00b experience with PancakeSwap using SafePal linked with its hardware wallet, there were a few who didn't have the hardware wallet were asking whether will there be an optional way to use non hardware wallet bind App on their phone to do the same.

I have seen that Trust Wallet actually also supports pancake swap and its wallet actually also has a dApp platform, I have decided to test it, but not with my own wallet.

I have decided to help PWD Smart Farmability NGO to have their first very own crypto income layer on a rainy day savings above the usual normal fiat account as a R&D layer, from my donation to their account via all I earned from the STEEM blockchain and a little from the blessed air drop of SFP Tokens from SafePal adoption tasks before its airdrop.

The first transfer has to be the BNB BEP20 Tokens first to the address intended on the Trust Wallet before moving any other BEP20 Tokens over.

After everything is successful, then the CAKE goes over.

Since it doesn't look it will be enough to test well enough for at least 0.001 CAKE every 2 hours, I have decided to top up a little more from the air drop I had, and more returns than I had before after it was launched officially on the exchanges for the account so that they will have something to hold on for rainy days.

Before the crazy hiked gas fee due to BNB price (not the gas price itself), I still managed to move the CAKE over with a good gas fee price tag.

Now, the account is officially ready for Testing the PancakeSwap!

Once you have the funds in, go straight to your DApps and then choose "PancakeSwap" app. You might need to scroll to the right to look for it as there are so much more dApps compared to the SafePal, while the PancakeSwap is yet to be the number 1 choice just yet (from the PWD wallet)

Since there is no need of swapping needed because the right tokens are already sent to the wallet (to reduce their confusion), just clicking on the top left menu icon is good enough.

Go straight to the Pools section, and you can start loading your wallet.

Once the Syrup pool page is launched, you can just clicked directly to "Connect".

And just like the SafePal Post review, instead of choosing MetaMask, you are going to choose Trust Wallet this round.

This will only be possible if there is already BNB coins and CAKE tokens inside the wallet. Otherwise you might have some error.

Once there are already BNB BEP20 tokens in the wallet, almost instantaneously you can connect the wallet to the dApp site.

Just like the previous review, before any Staking is done, there has to be an approved authorisation for the dApp to access your CAKE Tokens, hence this process cannot be avoided.

The Trust Wallet is surprisingly lower than the SafePal network fee, which is around $0.09 USD for this process compared to almost $0.40 for SafePal hardware wallet authentication. Maybe it is because of the recent news that BNB announced that they slashed the lowest mining fee to 10 gWEI and SafePal hasn't implemented it.

I have requested to double check for the price and gWEI used before proceed; and indeed from the details, it was confirmed by default it was 50% cheaper than safepal!

Just click SAVE and go ahead; and no, don't go any lower, because they already slashed the price if it goes any lower nothing is going to go through because the miners might just ignore your request altogether!

Once that is done, You can just click on the add and go head with it.

There's so little CAKE available, just click on MAX if you want to stake them all in to produce more CAKE, faster, otherwise if you have anything more you can just type it in the desired amount.

Smart contracts that has much more functionality will be much more expensive, even though it only costs 10 gWEI, simply because of its additional operations and not just a single use coin like BCH. For this operation it costs around 4x more.

And there you have it! It is all set now! My previous stake was almost double the amount and I got around 0.002 CAKE around every 2 hours; so PWD's account will most likely be around 0.001 CAKE give of take, every 2 hours as well.

Wait, where's the SYRUP Token?

As far as from my observation, it doesn't have a value stated (but I heard it is a 1-to-1 value with CAKE), so I suppose the Trust Wallet didn't want any additional "erroneous sell off" because SYRUP is the receipt of CAKE, it is not shown automatically in the wallet.

We tested another round with unstaking, and it worked, loosing a little bit of CAKE along the way; but we can confirm even though you cannot see the SYRUP token in the wallet, you can definitely still able to unstake it.

That's it!

How about you?

Would you consider looking into the Trust Wallet for Pancake Swap simply because it is a lot easier to stake on pancakeSwap compared to having a hardware wallet; although hardware wallets are a lot safer in terms of theft because of its additional features that if no one knows about the additional layer of pin security no funds can be moved?

Appreciate if you'd share your thoughts and experience here!