Can i transfer bnb from binance us to trust wallet
For many crypto traders, nothing beats holding your crypto in a web3 wallet where you own your private keys. While Binance offers a secure custody solution to keep your crypto safe, you may want to experiment with directly holding your crypto assets. If you want to go this route, you should always store your funds in a secure, self-custodial wallet like Trust Wallet. However, don’t forget that once you control your private keys, it’s up to you to keep them safe or risk losing your funds.
Read on to learn exactly how you can transfer your crypto from Binance to your Trust Wallet in just a few steps.
How to Withdraw Funds From Binance
Before you can get started withdrawing your funds from Binance, you will first need to set up Trust Wallet (if you haven’t already).
You can download the Trust Wallet app on your Android or iOS smartphone and complete the simple setup process.
Next, go to Binance.com, log into your account, and proceed to complete your two-factor authentication (2FA) verification. Alternatively, you can also access your Binance account using the Binance mobile app on your phone.
Now, it’s simple to check your Binance account’s wallets to see the digital currencies you hold.
Since the Trust Wallet app allows users to securely store over three million digital assets across 64 blockchains, you should be able to transfer essentially any cryptocurrency you hold on Binance to Trust Wallet with the following steps:
1. Go to your Trust Wallet app and enable the cryptocurrencies you want to receive from the Binance exchange.
To do that, open the app and click on the icon at the top right corner.
Proceed to search for the token you want to receive.
Swipe the button next to it to make it visible (as shown below). For the purposes of this guide, we will use BNB.
2. Select the digital token that you want to receive and click on it.
3. Click on the [Receive] button and copy and paste the BNB wallet address. Make sure to carefully check the network you selected. BNB is available on the BNB Beacon Chain (BEP-2) and BNB Smart Chain (BEP-20), which have different types of addresses.
4. Head to your Binance account and click on [Security] from the [Account] drop-down menu.
5. Scroll down to the [Withdrawal Whitelist] section and choose [Address Management] then [Add Address] to add your BNB wallet address.
6. Proceed to fill in the details needed. The address label should be the name of your BNB wallet address.
7. Paste the BNB wallet address copied from Trust Wallet under the [Address] section. Binance.com will automatically match the wallet address you add to the corresponding network to help prevent you from losing your funds.
8. Next, choose the origin of the address. Here, you have two options: Exchange or Wallet. Choose [Wallet], and then [Trust Wallet].
9. Check the [Whitelisted] box and then click on [Save].
10. Binance will require you to complete a security verification process. Once the verification process is successful, Binance will add your wallet address as shown below.
You can add as many addresses as you want.
11. To withdraw your BNB to your Trust Wallet app, click the [Wallet] button on the dashboard and select [Overview] in the drop-down menu.
12. Next, click on [Withdraw] and proceed to click on the [Withdraw Crypto] option on the far right-hand corner of the screen.
13. Select the coin you want to withdraw — in this case, BNB.
14. In the address section, choose the [Select from Address Book] option, add the withdrawal amount, then click on [Withdraw].
15. Complete the 2FA verification process and click [Submit] to complete the transaction.
Remember, you need to have enough BNB in your wallet to cover your network fees.
You can now go to your Trust Wallet app and check your BNB balance. If you tap on BNB, you will also be able to see all recent transfers.
And that’s it! That’s how easy it is to transfer digital currency from Binance to Trust Wallet.
Why Should You Move Your Crypto from Exchanges like Binance to Trust Wallet?
Binance.com and the Binance app provide exchange users with custodial wallets. That means that Binance holds its users’ wallets’ private keys, essentially holding digital assets on behalf of their users.
Some users prefer the responsibility of holding their funds themselves. This gives them direct control over their crypto, but they then need to look after their private keys themselves.
When your crypto is stored with Binance, much of it is held in cold storage. This provides a highly secure storage solution where private keys are never made available online.
Exchanges are often targets for hackers, and you may feel safer handling your assets yourself in Trust Wallet.
Download Trust Wallet today and start transferring your crypto from Binance to Trust Wallet.
Trust Wallet has a few providers that you can buy BNB (Binance Coin) from like Simplex and MoonPay.
However, their fees are extremely high—up to 5%, which will minimize your profits.
If you want to buy BNB, it’s highly recommended that you do so on Binance.
Creating a Binance account is quick, and its fees are one of the lowest—0.1%.
From Binance, you can transfer your BNB to your BNB wallet on Trust Wallet.
After you’ve transferred BNB to Trust Wallet, you can then use it on decentralized exchanges like PancakeSwap or Uniswap.
For example, you can swap BNB for SafeMoon.
In this guide, you’ll learn how to send BNB from Binance to Trust Wallet.
If you don’t have a Binance account yet, use the link or referral code below to create an account.
Get started on Binance here: https://www.binance.com/en/register?ref=73583477 or use “73583477” as the referral code.
How to send BNB from Binance to Trust Wallet
To send BNB from Binance to Trust Wallet, you need to copy your BNB address on Trust Wallet first.
Then, navigate to the “Send BNB” page on Binance, fill up the fields, and tap on “Withdraw”.
After you’ve tapped on “Withdraw”, Binance will prompt you to fill in a MEMO.
Here’s the pop-up message, “You did not fill in MEMO. Please confirm that the receipt address does not need to fill in MEMO, digital ID, or remark.
However, Trust Wallet does not have a MEMO, so you don’t have to provide one.
Hence, you can skip this step by tapping on “Confirm”.
Then, you’ll land on the confirmation page where you’ll have to tap on “Confirm” again.
Lastly, you need to complete a 2-step verification to submit your withdrawal request.
The withdrawal process typically takes about 30 to 60 minutes.
Here’s how you can send BNB from Binance to Trust Wallet:
1. Copy your BNB address on Trust Wallet
The first step is to copy your BNB address on Trust Wallet.
To begin with, open Trust Wallet and navigate to your wallet.
On your wallet, you’ll see a list of cryptocurrency wallets that you can open.
This includes “Bitcoin”, “Ethereum”, “BNB”, and others.
Tap on “BNB” to open your BNB wallet on Trust Wallet.
After you’ve tapped on “BNB”, you’ll land on your BNB wallet.
On your BNB wallet, you’ll see four icons including “Send”, “Receive”, “Copy”, and more.
Tap on the “Copy” icon to copy your BNB address.
This will copy your BNB address on Trust Wallet to your clipboard where you can paste it later on.
You’re required to paste this address on the “Send BNB” page on Binance.
2. Navigate to the “Send BNB” page on Binance
Now that you’ve copied your BNB address on Trust Wallet, you need to open the Binance app.
Firstly, download the Binance app on the App Store or Google Play Store.
After you’ve downloaded the Binance app, log in to your account.
In this guide, you’ll need to use the lite version of Binance.
If you’re not on the lite version of Binance, you can enable it by tapping on your profile icon.
After you’ve tapped on your profile icon, you’ll see a “Binance Lite” option.
Tap on the “Binance Lite” option to enable it.
Next, tap on the wallet icon on the bottom navigation bar of the app.
This will open your portfolio.
Under the “Assets” header, tap on “BNB” to open your BNB wallet.
After you’ve tapped on “BNB”, you’ll land on your BNB wallet on Binance.
On your BNB wallet, you’ll be able to see your BNB balance and transaction history.
If you don’t have any BNB, you need to buy it on the app first.
Next, tap on the “Withdraw” button to withdraw your BNB.
3. Withdraw your BNB from Binance to Trust Wallet
After you’ve tapped on “Withdraw”, you’ll land on the “Withdraw BNB” page.
On the “Withdraw BNB” page, you’ll see multiple fields.
This includes “Address”, “Network”, “MEMO”, and “Amount”.
Firstly, paste your BNB address from Trust Wallet on the “Address” field.
You should have copied this address in the first step.
Secondly, make sure that the “Network” field is set to “BEP2”.
If it isn’t, tap on the “Network” field and select “BEP2”.
Thirdly, enter the amount of BNB that you want to withdraw.
The minimum amount of BNB that you need to withdraw from Binance is 0.02 BNB.
If you don’t have 0.02 BNB, you need to buy more on the exchange first.
Next, tap on “Withdraw” to withdraw your BNB.
After you’ve tapped on “Withdraw”, Binance will prompt you to enter a MEMO.
Tap on “Confirm” to skip this step as Trust Wallet does not have a MEMO.
Then, tap on “Confirm” again on the confirmation page.
Lastly, complete the 2-step verification and submit it.
After you’ve completed the 2-step verification, you’ll land on the “Withdrawal request submitted” page.
The withdrawal process will typically take 30 to 60 minutes to complete.
You’ve successfully learned how to withdraw BNB from Binance to Trust Wallet!
Buying BNB from a cryptocurrency exchange like Binance and sending it to your BNB wallet on Trust Wallet will maximize your profits.
This is because the spot trading fees on Binance are very low (0.1%).
If you were to buy BNB on Trust Wallet, you’ll need to pay a fee of up to 5%.
Hence, buying cryptocurrencies from Binance is the prime choice.
After you’ve sent the cryptocurrency to Trust Wallet, you’ll be able to use it to swap for another token on a decentralized exchange like PancakeSwap or Uniswap.
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