How to Swap BTC to BNB in Trust Wallet
Storing each coin and digital asset you own on Trust Wallet seems like a smart decision.
Nonetheless, if you want to use the Trust Wallet app for swapping purposes, then you might face some limitations.
Let’s say that you have some Bitcoin on your wallet and want to change it for Binance Coin directly inside the app.
Is this possible? You are about to find out.
In today’s blog post, we are going to bring you all the answers you are looking for about the following topics:
- How to swap BTC to BNB in Trust Wallet;
- Is it possible to exchange BTC to BNB on Trust Wallet?;
- All you must know before swapping on the Trust Wallet application.
Using Trust Wallet to Swap BNB, BTC, and More Coins
Trust Wallet allows you to buy BNB, store Binance Smart Chain tokens, and keep your assets in a non-custodial environment.
For many users, the quality and safety measures of Trust Wallet grant them the security they need for keeping their money safe.
Since the wallet operates in a decentralized environment, users can use Pancake Swap to acquire DEx tokens.
But using the built-in exchange on Trust Wallet isn’t as useful as someone would believe.
Pro Tip: It’s important to Backup Trust Wallet so you don’t lose the private keys to your crypto wallet.
Go to settings, look for your seed phrase, and keep it somewhere safe. If you need more info about this matter, check out our related blog post.
Can you swap BTC to BNB on Trust Wallet?
No. It’s not possible to swap BTC to BNB on a Trust Wallet directly.
This is because swapping can only be performed on the same network - hence, BNB BEP2 to BEP20.
Still, Trust Wallet supports multi-chain transactions, but when it comes to personalized swapping on their built-in DEXe, you will face basic limitations regarding your crypto tokens.
Binance Smart Chain tokens can be stored, acquired, and sold, and BNB on the Binance Chain is not the exception.
But swapping Bitcoin to BNB is different, so we need to find an alternative for this app.
How to Swap BTC to BNB as a Trust Wallet User
Bitcoin does not operate on the Binance Smart Chain, and BNB does.
Since you can’t swap crypto tokens on the Binance Chain for a coin that’s not on the same chain, you need to look for alternatives out of Trust Wallet.
For practical purposes, the best way to swap this crypto coin is by going directly to the Binance Smart Chain main source: the Binance centralized exchange.
Read Also: Some iOS users have experienced an error message that says “ Deep Link Not Supported on Trust Wallet.”
This issue appears because the DApp browser wasn’t correctly enabled on your device - learn how to solve it by reading our post.
Step 1: Sign Up to Binance Exchange
Firstly, set up your Binance crypto account.
The process we are about to perform consists of sending BTC to Binance and swapping it for BNB (Binance Smart Chain coin).
Step 2: Set Up Your Binance Account
Unlike Trust Wallet, Binance is actually a centralized exchange.
If you want to trade BTC, buy cryptocurrencies, and even withdraw fiat money, you will need to complete identity verification - it is not optional.
Using all the platform’s features requires you to properly provide proof of identity to Binance.
Of course, unverified accounts might as well access crypto swappings, but with obvious limitations.
Watch the following YouTube video to learn more about Binance’s identity verification process:
Step 3: Send BTC from Trust Wallet to Binance Exchange
Now, since you want to swap the Bitcoin you have on Trust Wallet, you need to send these funds from Trust Wallet to Binance.
All you need to do is to find your Binance’s Bitcoin address, paste it on Trust Wallet, and send the funds.
If you are struggling to do this, check out our Sell on Trust Wallet 101 guide.
Step 4: Use Binance Convert
Once you have received BTC on Binance, you need to use Binance Convert on your account. Specifically, look for the BTC / BNB trading pair.
Before completing the process, remember that you will be paying some fees.
Worry not - Binance Smart Chain fees are among the lowest in the crypto world.
In any case, perform the swapping, and there you go - your BTC has been converted into BNB.
Step 5: Send BNB from Binance to Your Trust BNB Wallet
Finally, since you want to have your BNB on Trust Wallet, you need to send BNB from Binance to your Trust Wallet address.
Then again, find your “receiving” BNB address on Trust Wallet, paste it on Binance, and send the funds.
Although you can’t directly swap BTC to BNB in Trust Wallet, using Binance as an alternative is the best way to go for you.
There are other exchanges where you could do the same, but if you care about safety and fees, then follow the Binance path instead.
For more crypto-related content and insights, always rely on GrowFollowing!
FAQ
Do I Need to Verify My Address on Binance?
It is not completely necessary to complete address verification on Binance, but if you want to use your profile without any kinds of limitations, you better do it.
Learn more about the dos and don’ts of this process by reading our Binance Address Verification Failed blog post.
Steve specializes in cryptocurrency and finance. As a born researcher, he won’t leave any stone unturned when it comes to topics he covers.