How to convert bnb to binance smart chain on trust wallet

Binance Coin, also called BNB for short, is a valuable cryptocurrency that relies on the Binance platform, making it a centralized token. In 2021, the company experienced an overload of users attempting to buy BNB, which led to a total suspension of withdrawals. Today, the issue is long gone, but you might want to transfer your BNB into a different wallet to use a decentralized platform.

How to Swap BNB to Smart Chain in Trust Wallet

Swapping BNB to smart chain is one of the most viable methods, and you’ll need Trust Wallet for the process. It might seem complicated, but the steps are pretty straightforward. Read on to find out more.

How to Swap BNB to Smart Chain in Trust Wallet on an iPhone

Before we get into the steps, there are several points to know about swapping BNB to smart chain.

Using Trust Wallet

Trust Wallet isn’t the only way to purchase BNB, but it’s followed only by KuCoin, a relatively small exchange. KuCoin is more obscure and allows you to buy BNB, but it doesn’t have Trust Wallet’s advantage of allowing users to bridge varying blockchains together.

BNB and smart chain are always equally valuable, and the main difference other than different logo colors is that BNB is on the BEP2 network. On the other hand, the smart chain exists on the BSC, or Binance Smart Chain.

Most other decentralized exchanges don’t let users buy BSC-based altcoins with their BNB, and PancakeSwap is one example. Thankfully, they can always use Trust Waller to convert BNB to smart chain in mere seconds.

The Swapping Process

You can already perform a transfer if you already have a Binance account and some BNB. However, if you don’t have Trust Wallet yet, follow these steps:

  1. Go to the Trust Wallet official website and head to the download page, or head to the App Store and search for it.
  2. Download the app from the App Store.
  3. Wait for it to install and run.
  4. In Trust Wallet, select “Create A New Wallet.”
  5. You’ll now see a recovery phrase consisting of 12 words, which you should record and keep safe.
  6. Verify that you have written the recovery phrase somewhere. You now have a wallet ready for receiving BNB.
  7. Next, look for the “Smart Chain” option on the app and enable it.
  8. Tap on “Receive” to get the wallet address, which you can copy to your clipboard.

Open the Binance app on your iPhone and read these instructions when you reach this point.

  1. On Binance, open your BNB wallet.
  2. Select “Withdraw.”
  3. You’ll see a new menu, and the first thing to do is pick the BEP20 network.
  4. Decide how much you want to withdraw.
  5. Paste the wallet address you copied.
  6. Select “Withdraw” at the bottom of the screen.
  7. Wait for the transfer to finish.

Go back to Trust Wallet for this last phase.

  1. Look for your BNB tokens with the search function.
  2. Tap on BNB.
  3. Select “Swap.”
  4. Pick “Swap To Smart Chain.”
  5. Enter the amount you want to swap.
  6. Confirm your choice by tapping “SWAP”.
  7. After several minutes, the swap process will be complete, and you can check for it.

There will be gas fees (transaction costs) for the withdrawal and swapping process, but they’re insignificant compared to the value of the cryptocurrency moved.

How to Swap BNB to Smart Chain in Trust Wallet on an Android

Both Binance and Trust Wallet are available for Android devices. However, Android users can choose to download the Trust Wallet APK file straight from the website if they’re not fans of Google Play.

These are the steps for acquiring Trust Wallet on an Android device:

  1. Go to the Trust Wallet’s download page or the Google Play Store and search for it.
  2. Download Trust Wallet from either source. If you choose the former, make sure to enable 3rd party APK installs on your smartphone.
  3. Install the app.
  4. Pick “Create A New Wallet” in Trust Wallet.
  5. Write down the 12-word recovery phrase and keep it somewhere hidden and secure.
  6. Verify that you have the recovery phrase recorded and safe. After the verification process, Trust Wallet is ready to receive BNB and other cryptocurrencies.
  7. To start, find the “Smart Chain” feature and enable it.
  8. Tap on “Receive” to get the wallet address.
  9. Copy the address to your device clipboard by tapping on the option.

You’ll have to switch to the Binance app for Android for the second phase:

  1. Open Binance.
  2. Find your BNB wallet.
  3. Pick the “Withdraw” option.
  4. Select the BEP20 network for your BNB.
  5. Enter how much BNB you want to withdraw.
  6. Paste the wallet address you copied from Trust Wallet.
  7. Tap on “Withdraw” at the bottom of the screen.
  8. Wait for the transfer to finish.

You’ll need to wait for a few minutes before going back to Trust Wallet, then follow these steps:

  1. Search for your BNB tokens.
  2. Tap on the cryptocurrency to open its page.
  3. Select “Swap.”
  4. Choose “Swap To Smart Chain.”
  5. Decide how much you BNB you want to swap to smart chain.
  6. Proceed with the transaction.
  7. Wait for around two minutes and refresh your app to confirm the BNB swap to smart chain.

How to Swap BNB to Smart Chain in Trust Wallet on a PC

While Binance is available on PC, Trust Wallet is a purely mobile experience. That said, it’s possible to use an Android emulator on a PC to run Trust Wallet.

Once you’ve installed Bluestacks or another emulator on your PC and have the Trust Wallet app ready, you can start the BNB to smart chain transfer. Use these steps:

  1. On Trust Wallet, enable smart chain functionality.
  2. Get your wallet address by clicking on “Receive.”
  3. Copy the address.

Go to the Binance desktop client so you can initiate the first transaction:

  1. Open Binance.
  2. Find your BNB wallet.
  3. Pick the “Withdraw” option.
  4. Select the BEP20 network so the transfer will proceed.
  5. Enter the BNB amount you want.
  6. Paste the wallet address you copied from Trust Wallet.
  7. Click on “Withdraw” at the bottom of the screen.
  8. Wait for the transfer to finish.

After the withdrawal is complete, you can start the swapping process:

  1. Look for your Binance Coin.
  2. Click on the BNB and open the options page.
  3. Select “Swap.”
  4. Choose “Swap To Smart Chain.”
  5. Enter how much BNB you want to convert to smart chain BNB.
  6. Proceed with the transaction by clicking “SWAP”.
  7. Wait for around two minutes and refresh Trust Wallet.
  8. The swap should be complete.

Trust Wallet itself is a highly secure app that protects cryptocurrency investors. You can even create an account without an internet connection, though you still need it for verification purposes. Otherwise, you can check your balance while offline.

Using Trust Wallet with Bluestacks is relatively safe, but there may be unforeseen complications from emulation. Since the emulator is stable, it’s up to users whether using Bluestacks is a great idea. At the very least, it’s much more convenient.

Perfectly Secure

Both Binance and Trust Wallet have extensive security features designed to protect your BNB-to-smart-chain transactions. No matter what device you own, the process is anonymous and secure, making swapping viable. The gas fees are modest and don’t take a large chunk out of your balance.

Have you performed a swap transaction before? Let us know in the comments section below.

Download Trust Wallet for Smartchain (BNB) The mobile app works with several crypto tokens and blockchain wallets. With Trust Wallet, you are in control over your funds. Receive, send, store and exchange your cryptocurrency within the mobile interface.

What is Binance Smart Chain?

Binance Smart Chain (BSC) is a smart contract-enabled parallel blockchain to Binance Chain that provides a permissionless platform for decentralized application (DApps).While Binance Chain offers a high-throughput targeting active crypto trades, it lacks in the programmability department. Binance Smart Chain exists to change that.Binance launched Smart Chain to provide a high-speed, low-cost alternative for the burgeoning decentralized finance (DeFi) market, which has suffered from Ethereum’s high transaction fees.Launched in September 2020, Binance Smart Chain boasts a five-second block time, cross-chain asset transfers, EVM compatibility, and a Proof of Staked Authority consensus protocol to ensure scalability.

The BEP20 Token Standard

Binance Smart Chain has a BEP20 token standard that functions similarly to Ethereum’s ERC20 standard. BEP20 is a developer-friendly token standard that allows anyone to deploy fungible digital currencies or tokens on Binance Smart Chain.What’s more, leading digital assets on other chains can be ported onto Binance Smart Chain in the form of pegged BEP20 tokens.For example, you could use Binance Bridge to swap bitcoin (BTC) for BTCB (BEP20) tokens backed by BTC. BTCB (BEP20) tokens can then be deployed in DeFi protocols to earn yield on bitcoin. The same goes for ETH, XRP, DOGE, and many more.

What’s Happening on Binance Smart Chain?

As a low-cost, high-speed alternative to Ethereum, backed by one of the largest crypto companies in the world, Smart Chain already boasts a wide range of DApps and DeFi apps on its chain.While some DeFi protocols have migrated over to Smart Chain from other blockchain networks, dozens of Smart Chain-native DApps have emerged and experienced substantial user growth since their inceptions.DeFi protocols, such as PancakeSwap, Venus, and Autofarm, make up most of the activity on BSC. But that does not mean Smart Chain is only for decentralized finance.Gaming and gambling DApps have also found a home on Smart Chain, and the first NFTs appeared in early 2021 to provide BSC users with the same crypto collectible experience found on other chains.

How to Access Binance Smart Chain

Arguably, the easiest way to access the BSC ecosystem is using the Trust Wallet DApp Browser . The market-leading mobile DApp Browser allows anyone with a smartphone to securely access DApps and DeFi protocols on Binance Smart Chain with just a few clicks.Download Trust Wallet today and explore the Binance Smart Chain ecosystem.

Written by Jane