It seems wise to store every coin and digital asset you own on Trust Wallet.
However, there may be some restrictions if you want to utilize the Trust Wallet app for trading.
Say you want to exchange some Bitcoin in your wallet for Binance Coin right inside the app.
Can this be done? You’re about to learn.
In today’s blog post, we’ll give you all the information you need on how to transfer BTC to BNB with Trust Wallet.
How to Exchange BNB, BTC, and Other Coins Using Trust Wallet
With the aid of TrustWallet, you can purchase BNB, keep your assets in a non-custodial setting, and store Binance Smart Chain tokens.
Many users find that Trust Wallet’s high standards and security features provide them the peace of mind they require to secure their money.
Users can utilize PancakeSwap to buy DEx tokens because the wallet functions in a decentralized setting.
However, using Trust Wallet’s built-in exchange isn’t as beneficial as one may think.
Can you swap BTC to BNB on Trust Wallet?
No. On a TrustWallet, it is not possible to transact directly in BTC and BNB.
This is because swapping can only be done on the same network; therefore, BNB BEP2 to BEP20.
Trust Wallet supports multi-chain transactions, although you will run into some fundamental limitations when it comes to personalized swapping on their integrated DEXe.
BNB on the Binance Chain is one of the tokens that may be bought, sold, and kept on the Binance Smart Chain.
However, there are differences when exchanging Bitcoin to BNB, so we need to find a replacement for this program.
How to Swap BTC to BNB as a Trust Wallet User
BNB uses the Binance Smart Chain, but Bitcoin does not.
You must search outside Trust Wallet for alternatives because you cannot exchange crypto tokens on the Binance Chain for a currency that is not on the same chain.
Going directly to the Binance Smart Chain’s central exchange is the best option to swap this crypto asset.
Register with Binance Exchange
- Create your Binance cryptocurrency account first.
- The procedure we’re about to execute involves sending BTC to Binance and exchanging it for BNB (Binance Smart Chain coin).
Set Up Your Binance Account
Binance is a centralized exchange, as compared to Trust Wallet.
You must undergo identity verification if you wish to trade BTC, purchase cryptocurrencies, or even withdraw fiat currency.
You must furnish Binance with the correct identification to use the platform’s capabilities.
Unverified users may also access crypto exchanges, but with obvious restrictions.
Send BTC from Trust Wallet to Binance Exchange
Since you wish to exchange the Bitcoin on Trust Wallet, you must transfer these funds from Trust Wallet to Binance.
Locate your Binance Bitcoin address, copy and paste it into Trust Wallet, and send the payments.
Utilize Binance Convert
Once you have received Bitcoin on Binance, you must utilize Binance Convert. Look for the BTC/BNB trading pair in particular.
Before completing the procedure, remember that you will be required to pay some expenses.
Binance Smart Chain costs are among the lowest in the cryptocurrency industry.
In any event, execute the exchange, and your BTC has been transformed into BNB.
Send Binance BNB to Your Trust BNB Wallet
Finally, if you wish to store your BNB on Trust Wallet, you must send BNB from Binance to the address associated with Trust Wallet.
Then, locate your “receiving” BNB address on Trust Wallet, copy it, and send the funds to Binance.
Even though you cannot directly exchange BTC for BNB in Trust Wallet, Binance is your best choice.
You could perform the same on other exchanges, but if security and costs are important to you, use Binance instead.