Binance is constantly reviewing and adding cryptocurrencies that can be used on the Binance platform. If you would like to buy Parrot Protocol, which is currently not listed on Binance, you can follow the step-by-step guide below. It will show you how to buy Parrot Protocol by connecting your crypto wallet to a decentralized exchange (DEX) using your Binance account to buy the base currency.
Download a Phantom Wallet
There are several crypto wallets to choose from within the Solana network and Phantom appears to be the most integrated. If you are using a desktop computer, you can download Google Chrome and the wallet Chrome extension. If you prefer using your mobile phone, you can download the wallet via Google Play or iOS App Store if it’s available. Just make sure that you are downloading the official Chrome extension and mobile app by visiting the Phantom’s website.
Set up your Phantom
Register and set up the crypto wallet via the wallet’s Google Chrome extension or via the mobile app you downloaded in Step 1. You may refer to the wallet’s support page for reference. Make sure to keep your seed phrase safe, and take note of your wallet address. You will be using it later on Steps 4 and 6.
Buy Solana as Your Base Currency
Send Solana From Binance to Your Crypto Wallet
Once you buy your Solana, go to your Binance wallet section and look for the Solana you purchased. Click on withdraw and fill up the required information. Set the network to Solana, provide your wallet address and the amount you want to transfer. Click the withdraw button and wait for your Solana to appear in your Phantom.
If you are using Binance Website:
If you are using Binance App:
Choose a Decentralized Exchange (DEX)
There are several DEXs to choose from; you just have to make sure the wallet you selected in Step 2 is supported by the exchange. For example, if you use Phantom wallet, you can go to Raydium to make the transaction.
Connect Your Wallet
Connect your Phantom wallet to the DEX you want to use by using your wallet address from Step 2.
Trade Your Solana With the Coin You Want to Get
Select your Solana as the payment and select the Parrot Protocol as the coin you want to acquire.
If Parrot Protocol Doesn’t Appear, Find its Smart Contract
If the coin you want does not appear on the DEX, you can refer to https://explorer.solana.com/ and find the smart contract address. You can then copy and paste it into Raydium. Beware of scams and make sure you got the official contract address.
Apply the Swap
Once you are done with the previous steps, you can click on the Swap button.
Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under Binance’s control. Binance is not responsible for the reliability and accuracy of such third-party sites and their contents.