Have you recently purchased BNB Smart Chain tokens on Binance and want to use them on a decentralized exchange or store them in a wallet under your control? Withdrawing your BNB Smart Chain coins from Binance is essential for this purpose. In this article, we will provide you with easy-to-follow steps, accompanied by useful images, to help you transfer your BNB Smart Chain from Binance to Trust Wallet quickly.
How to Send BNB Smart Chain From Binance to Trust Wallet
Binance offers several options to withdraw BNB Smart Chain, with two popular methods being using Metamask as a Chrome extension or Trust Wallet, which is compatible with the Binance Smart Chain (BSC). Follow the steps below to transfer your BNB Smart Chain from Binance to Trust Wallet:
- Login to your Binance App.
- Install Trust Wallet on your mobile device.
- Create a new wallet and securely note down the recovery phrase (key).
- Locate the BNB (BEP20) token and select ‘Deposit.’
- Click ‘Deposit from exchange’ to initiate the withdrawal process.
Please note that these steps provide a brief overview, and we will delve into more detail with screenshots in the following sections.
Experience the automated withdrawal feature of Trust Wallet
Trust Wallet has integrated the Binance withdrawal process within the app, making it convenient and user-friendly. By using Binance withdrawals within Trust Wallet, you can complete the entire task seamlessly without the need for multiple apps or copying/pasting long codes.
This new feature eliminates the risk associated with crypto withdrawals, ensures accurate address input, and eliminates the need for QR code scanning or switching between apps or devices. Sending BNB Smart Chain from Binance to Trust Wallet has never been easier or safer.
The steps to follow when installing a brand-new wallet
To set up Trust Wallet on your device and prepare for the transfer of BNB Smart Chain, follow these step-by-step instructions:
- Visit the Trust Wallet homepage.
- Download the Trust Wallet app for your device.
- Open the app.
- Tap “Create a new wallet.”
- Read and accept the Terms of Usage by checking the box and tapping “Continue.”
- Safely store your recovery phrase, as it grants access to your wallet. Note that screenshots are disabled on this screen.
- Tap “Continue.”
- Verify your recovery phrase by entering it again.
- Tap “Continue.”
- Congratulations! You are now ready to use Trust Wallet.
How To Send BNB Smart Chain to Trust Wallet: Quicktake
For those who prefer a quick overview of the steps involved in sending BNB Smart Chain from Binance to Trust Wallet, here is a summary:
- Log in to your Binance account.
- Open Trust Wallet on your device.
- Tap “Add Tokens.”
- Search for BNB Smart Chain and toggle the green switch.
- Tap “Done.”
- Select BNB from the tokens list.
- Tap the “Receive” button.
- Choose “Deposit from Binance.”
- Tap “Binance – Deposit from your Binance account.”
- Enter the amount of BNB tokens you wish to transfer.
- Confirm the transaction.
In the subsequent sections, we will provide further insights and detailed instructions on using Trust Wallet for BNB Smart Chain transfers and withdrawals from Binance.
Why Use Trust Wallet
Trust Wallet is an excellent solution for beginners and enthusiasts alike, offering a user-friendly interface and providing access to various decentralized applications (dApps) such as PancakeSwap, AppolloX, WazirX, and LooksRare (NFTs). It allows users to trade tokens and execute transactions on the Binance Smart Chain (BSC) network.
The ability to have control over a wide array of tokens in the palm of your hand makes Trust Wallet appealing. It simplifies the process of entering the decentralized finance (DeFi) space, exploring non-fungible tokens (NFTs), and securely storing your coins.
Trust Wallet and Binance Withdrawals
Trust Wallet’s integration of the Binance withdrawal process brings added convenience. Instead of juggling between multiple apps and copying/pasting addresses, you can now complete Binance withdrawals directly within the Trust Wallet app. This eliminates the risk of making errors and streamlines the entire withdrawal process.
With this feature, you no longer need to worry about inputting the correct address, as Trust Wallet takes care of it automatically. This integration has made the withdrawal process faster, more efficient, and user-friendly.
How to Setup Trust Wallet
Earlier, we briefly mentioned the process of creating a wallet on Trust Wallet. Let’s now provide a detailed step-by-step guide on setting up Trust Wallet:
- Visit the Trust Wallet homepage through your preferred browser.
- Locate and click the icon to download the Trust Wallet app for your device.
- Open the Trust Wallet app once installed on your device.
- Tap “Create a new wallet” to start the setup process.
- Read the Terms of Usage carefully, check the box to indicate acceptance, and tap “Continue.”
- Take note of your recovery phrase (key). This phrase is crucial for accessing your wallet, so store it securely.
- Tap “Continue” to proceed.
- Re-enter your recovery phrase to verify it.
- Tap “Continue” to confirm.
- Congratulations! You have successfully set up Trust Wallet and are now ready to utilize its features.
Withdraw BNB Smart Chain from Binance To Trust Wallet
As mentioned earlier, withdrawing BNB Smart Chain from Binance to Trust Wallet is a straightforward and automated process. Follow the steps below to complete the transfer:
- Ensure that you are logged in to your Binance account.
- Open the Trust Wallet app on your mobile device.
- Tap “Add Tokens” in Trust Wallet.
- Search for “BNB Smart Chain” in the search bar and select it by toggling the green switch.
- Tap “Done” to add BNB Smart Chain to your tokens list.
- Find BNB in the tokens list and tap on it.
- Tap the “Receive” button.
- Choose “Deposit from Binance” as the method.
- Tap “Binance – Deposit from your Binance account.”
- The Binance app will open, prompting you to transfer BNB.
- Enter the desired amount of BNB tokens you wish to transfer. Note that BNB BEP20 is automatically selected for you.
- Finally, click “Confirm” to initiate the transfer.
By following these steps, you can seamlessly send BNB Smart Chain from your Binance account to Trust Wallet, ensuring a smooth and secure transition.
Conclusion
The integration of the Binance withdrawal process into Trust Wallet has significantly simplified the task of transferring BNB Smart Chain tokens to your own wallet. This new feature offers a seamless and user-friendly experience for beginners entering the DeFi space. By eliminating the need to switch between apps or devices, copy/paste long codes, or scan QR codes, Trust Wallet has made the process more accessible and secure.
In conclusion, Trust Wallet’s integration with Binance withdrawals has solved several common issues associated with crypto transfers, providing a streamlined solution for users. With Trust Wallet, you can confidently send your BNB Smart Chain tokens to your own wallet app and start exploring the possibilities of the Binance Smart Chain network. Good luck on your journey!
Frequently asked questions
Q: Can I withdraw from Binance to Trust Wallet?
Ans: Yes, you can transfer crypto assets from your Binance Crypto Wallet to your Trust Wallet app without any fees, except for the gas fees. You don’t need to scan or input a wallet address.
Q: How long does it take to send BNB Smart Chain to Trust Wallet?
Ans: When using the Binance Smart Chain, transactions are typically processed quickly. In the case of transferring BNB to Trust Wallet, it usually takes just a few minutes, with an average time of 1 to 5 minutes.
Q: Can I send BNB to BEP20?
Ans: Yes, it is possible to send BNB from Binance with two options: sending it to BEP20 (Binance Smart Chain) or sending it to BEP2 (Binance Beacon Chain). Both options are available for withdrawing BNB.
Q: What are the transaction fees for sending BNB to Trust Wallet?
Ans: Transaction fees on the Binance blockchain must be paid in BNB tokens. However, the fees for sending BNB Smart Chain to Trust Wallet are generally very low, around 0.0005 BNB.
Q: Are BNB transfers from Binance to Trust Wallet secure?
Ans: Yes, transferring BNB Smart Chain from Binance to Trust Wallet is a secure process. Trust Wallet is known for its robust security measures, and by using the integrated Binance withdrawal feature, the chances of making errors or sending funds to the wrong address are significantly reduced.
Q: Can I send BNB Smart Chain directly to Trust Wallet from other exchanges?
Ans: Yes, you can send BNB Smart Chain directly from other exchanges to Trust Wallet by providing your Trust Wallet address as the destination for the transfer. However, it’s essential to double-check the withdrawal process and confirm that the exchange supports BNB transfers to external wallets.
Q: Is Trust Wallet compatible with other cryptocurrencies apart from BNB?
Ans: Yes, Trust Wallet supports a wide range of cryptocurrencies, including popular tokens and coins. You can manage various digital assets within the Trust Wallet app, making it a versatile solution for storing and transacting with different cryptocurrencies.
Q: What other features does Trust Wallet offer besides sending and receiving cryptocurrencies?
Ans: Trust Wallet provides additional features such as decentralized application (dApp) support, allowing users to interact with various decentralized finance (DeFi) protocols, trade tokens on decentralized exchanges (DEXs), and participate in token swaps and liquidity pools.
Q: Can I recover my Trust Wallet if I lose my device?
Ans: Yes, when setting up Trust Wallet, you receive a recovery phrase (key). It is essential to keep this recovery phrase safe and secure. If you lose your device or uninstall the app, you can restore your wallet by using the recovery phrase on a new device.
Q: Does Trust Wallet have a desktop version?
Ans: Trust Wallet primarily operates as a mobile wallet app available for iOS and Android devices. However, you can also connect your Trust Wallet to compatible web3 browsers or wallet extensions on desktop computers for certain functionalities.