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Do you know how to swap BTC to BNB in Trust Wallet?
Storing each digital asset and coin that you own on Trust Wallet seems like a smart move.
However, if you want to be able to use the Trust Wallet app to swap coins, then you might come up against some limitations.
Let’s say for example that you have Bitcoin in your wallet, and you want to exchange it for Binance coin. Is this possible?
Well, let’s talk about it. In today’s article, we are going to teach you how to swap BTC to BNB in Trust Wallet, and everything you need to know before swapping on the Trust Wallet app.
Using Trust Wallet to Swap BTC, BNB, and Other Coins
Trust Wallet lets you buy BNB, store tokens, and keep your assets in an environment that is non-custodial.
For a lot of users, the safety and quality measures of Trust Wallet mean that they can keep their money safe very easily.
Because the wallet operates in an environment that is decentralized, you can use Pancake Swap to acquire decentralized tokens. However, using the built-in exchange on Trust Wallet isn’t as practical as you might think.
Can You Swap BTC to BNB on Trust Wallet?
No, it isn’t possible to swap BTC to BNB on Trust Wallet directly. This is because swapping can only be done on the same network.
However, Trust Wallet does support multi-chain transactions, but when it comes to personalized swapping, you are going to come up against basic limitations.
You can store, acquire, and sell your cryptocurrency assets, but swapping BTC to BNB is different, so you will need to find an alternative out there.
How to Swap BTC to BNB in Trust Wallet
Bitcoin doesn’t operate on the Binance Smart Chain, but BNB does. Because you can’t swap cryptocurrency tokens on the Binance chain for a coin that isn’t on the same chain, you will need to look for alternatives.
From a practical point of view, the best way to swap this cryptocurrency coin is by going to the main source, which is the Binance centralised exchange.
Step 1. Sign up to Binance Exchange
The first thing that you’ll need to do is to set up your Binance cryptocurrency account.
Step 2. Set up Your Binance Account
In contrast to Trust Wallet, Binance is actually a centralized exchange. If you want to trade BTC, purchase cryptocurrencies, and even withdraw Fiat money, you’ll need to complete in identify verification.
This is mandatory. You need to properly provide proof of identity if you want to make the most of the platform’s features.
Unverified accounts can access crypto currencys, but they are going to come up against limitations.
Step 3. Send BTC from Trust Wallet to Binance
Now because you want to swap the Bitcoin that you have in your Trust Wallet you will need to send these funds to Binance.
All you need to do is find your Binance Bitcoin address, put this into Trust Wallet, and then send the funds.
Step 4. Use Binance Convert
Once you have received your Bitcoin on Binance, you’ll need to use Binance Convert on your account, and the BTC BNB trading pair.
Before you have completed the process, remember that you are going to have to pay fees for this transaction.
But don’t worry because Binance Smart Chain’s fees are some of the most affordable in the cryptocurrency world.
Step 5. Send BNB from Binance to Your Trust Wallet
Finally, because you want to have BNB in your Trust Wallet, you will need to send it from Binance to your Trust Wallet address.
Find your ‘receiving’ BNB address and paste it into Binance. Then you will be able to send the funds.
You can’t directly swap the two tokens in Trust Wallet but using Binance as your alternative is the best way forward for it
Do I Need to Verify My Address with Binance
No, you don’t need to verify your address with Binance, but if you want to use your profile without having any limitations on what you can do, you definitely need to.
Being able to swap BTC to BNB is important if you spend a lot of time in the cryptocurrency industry, and you plan on being able to switch these coins out, and purchase and sell them as normal.
While you can’t swap BTC to BNB on Trust Wallet, you can do so with an alternative like Binance.
Hopefully in this article you have learned how to swap BTC to BNB in Trust Wallet.