Terkehh (TERK) is a cryptocurrency released in 2021 that runs on the Binance Smart Chain (BEP20) platform.
TERK became tradable for the first time on January 2, 2022. There are 210,000,000,000 in overall capacity. TERK maintains its market value of USD $4,412,429,492.47. TERK is currently trading at $0.0210 and also is rated 3370 on Coinmarketcap
TERK has already been registered on a handful of cryptocurrency exchange platforms, but unlike other major crypto assets, it cannot be bought outright with fiat money.
Nevertheless, you may still simply purchase this currency by first purchasing Bitcoin from any fiat-to-crypto exchange and afterward transferring to an exchange platform that trades this cryptocurrency.
In this article. We are going to explain the process of how to swap TERK token to BNB and then sell BNB in detail.
How To Sell TERK Token On Trust Wallet?
To sell the TERK token on the Trust wallet, first, you have to swap the TERK token with BNB on PancakeSwap then you have to convert BNB with the Stable coin BUSD. After that, you can withdraw fiat currency on Binance.
TERK token cannot be sold on Trust Wallet directly like other major cryptocurrencies. TERK needs to be swapped with BNB first and then you can sell your BNB on Trust Wallet.
Steps to sell TERK token on Trust Wallet:
Step 1: Log Into The Trust Wallet
First login into Trust Wallet Account in your mobile app. Make sure you have sufficient TERK tokens available for swap.
Step 2: Go To DApps Option
To swap your TERK token, go to DApps option, which will be at the bottom right corner of your mobile screen in case you are using the Trust Wallet mobile app.
Step 3: Search For The PancakeSwap Option
In DApps, search for PancakeSwap from the given list. Select PancakeSwap to swap your TERK token. After selecting PancakeSwap, it will redirect you to the webpage of PancakeSwap.
Note: When you reach the webpage of PancakeSwap, check the top right corner. There will be a symbol, click on that to check whether it is a Smart Chain or not. If not, then select the Smart Chain from the list.
Step 4: Selecting BNB For Swapping
Generally, BNB is given as the by default choice to swap with. If any other crypto is given, then select that and a list will show up. Select BNB from the list.
There will be a downward arrow ↓ below the box; click on that. This will swap the position of the options of Cake and BNB. The cake will come up and the BNB will go down.
Select the Cake option and then the app will ask you to enter the token which you want to swap. Enter the contact address for TERK which is mentioned below i.
Contract Address: 0x53035E4e14fb3f82C02357B35d5cC0C5b53928B4
Name: Terk
Symbol: Terk
Decimal: 18
TERK option will show up after entering the address. Select that.
Note: Only enter the contact address; do not write TERK.
Step 5: Entering The Amount Of TERK To Be Swapped
Now, you will be asked to enter the amount of TERK token you want to swap. Enter the amount and check the exchange amount of the crypto with which you are swapping TERK.
Note: When you enter the amount of TERK, the exchange value of BNB will be shown in the box under the BNB option.
Step 6: Complete The Swapping Process
Click on the Swap button. The page will ask again to confirm the process. Click on the Confirm Swap button to complete the process. Wait for a few minutes to see the swapped amount is credited.
Now, when you are done with swapping TERK with BNB, you can go for selling it on Trust Wallet.
Step 7: Convert BNB Into A Stable Coin
Firstly the BNB needs to be converted into a stable coin. To convert the BNB, you need to go to the option called Dex in the Trust Wallet and there you have to select BNB to convert it to BUSD, which is a stable coin.
Step 8: Input The Amount And Withdraw
You have to input the amount of BNB you want to swap with the BUSD. After entering the amount, click on the Swap.
Next, you have to select the BUSD and then click on the Send to Withdraw.
Now, a pop-up will show up which will ask you to fill in the “Recipient’s address” or you can also scan the QR code shown on the screen.
Step 9: Deposition Of BUSD
Now, go to your Binance account and choose BUSD as your deposit currency by clicking on the deposit button.
Check that you are in the “correct network” on the “exchange” and copy the “Binance receive/deposit address”.
Step 10: Complete The Swap
After copying the deposit address from Binance account and go back to your Trust Wallet page where you left.
Paste the copied address at “Recipient’s address” and continue the process. Now the amount of BUSD will be transferred to the “Binance centralized exchange wallet”.
Step 11: Withdrawal Of The BUSD From The Binance Account
After the amount is transferred to your Binance account go to your account and click onto the “Withdrawal Fiat” button which will be at the upper right–hand corner.
Now, the page will ask you to select the fiat currency in which you want to withdraw. Then you have to enter the amount of BUSD you want to withdraw.
In the end, the page will ask you to input the bank details. There will be a beneficiary section, under which you will find an option named “add new card”.
Enter your card number and complete the process. This is how the amount will be transferred to your bank account.
How Much Time It Takes To Swap TERK With BNB?
To Swap TERK token with BNB on Trust Wallet will take around a few minutes only. In rare cases, it can take up to Hours.
Because of the platform’s simplicity, swapping the TERK token for BNB on Trust Wallet is a rather simple job.
The Swapping procedure is quick, only a few minutes, but it may take a little longer to be approved and the credited money to appear in the Trust Wallet.
Why Can’t I Swap TERK With BNB?
Sometimes while swapping TERK token with BNB on PancakeSwap may get failed. After clicking the Confirm Swap button, an error message shows up.
In that case, decrease the amount of TERK you want to swap and then try to swap it with BNB again. If the error message shows up again that means the liquidity of the token is still locked.
You have to wait for a while and try the process again from the beginning. The swapping will not be completed until the liquidity of the token gets unlocked. The user has nothing to do until it gets unlocked.
Conclusion
TERK is already featured on a few crypto trading portals, but unlike most of the big digital currencies, it cannot be purchased using fiat money.
Nonetheless, users may obtain this asset simply by first acquiring BTC from any fiat-to-crypto exchange and then shifting to a trading platform that sells this cryptocurrency.
This article has detailed information regarding the swapping or selling process of TERK tokens on Trust Wallet.
TERK token can be swapped very easily with the BNB on Trust Wallet but sometimes errors in the swapping process occur.
When the swapping process fails, the users are requested to retry using a lesser amount of TERK.
If it still does not work, that means the liquidity of the token is still locked and the user has no option in their hand but to wait for the liquidity to be unlocked.
They can try to swap their TERK token through the same process later. The process generally takes a few minutes to complete and is also free of cost service.
