How to convert eth to bnb on trust wallet without binance
Trust Wallet is easily one of the best crypto wallets for smartphone users, offering the ability to trade all sorts of cryptos and interact with many built-in decentralized apps. Although the digital wallet has the ability to store coins from different networks, many users are still not sure how to convert ETH to BNB on Trust Wallet. Thankfully, you’ve come to the right place.
In order to convert ETH to BNB on Trust Wallet, you will first need to wrap them or use a cross-chain bridge, as these two coins are not on the same network. Wrapping ETH will extend its ERC-20 standard to Smart Chain’s BEP-20, allowing you to exchange it for BNB tokens in the Trust Wallet.
How to Convert ETH to BNB on Trust Wallet
Ethereum and Binance are two of the most popular blockchains currently available, so it’s no surprise that many crypto traders want to know how they can convert their coins from one to the other. However, if you’re using a Trust Wallet and you have some ETH that you want to exchange for BNB, you won’t be able to do so directly.
This is because these two coins are native to different networks, which use different standards. Ether (ETH) is native to the Ethereum blockchain, which uses the ERC-20 standard in all its transactions. Even though the Binance Coin (BNB) was initially created on Ethereum, it is now native to the Binance network, so Ether cannot be exchanged directly for it.
Thankfully, if you have some Ether (ERC-20) lying around, you can still exchange it for BNB tokens, but it needs to be wrapped first. The process of wrapping Ether is actually relatively simple, as all you have to do is send the coins to a smart contract, which will then provide you with the exact amount of Wrapped Ether (WETH) minus transaction fees.
The ETH you put forward will be locked away, but it can be exchanged back at any given time for WETH. However, wrapping can’t be done on the Trust Wallet itself, so you will need to use some other service, like Uniswap or Metamask.
How to Wrap ETH on Uniswap
If you’re looking to wrap your Ether on Uniswap in order to exchange it for one of the Binance coins, you will need to:
- Create a Uniswap account,
- Connect your wallet and go on the Swap tab,
- Make sure you’ve selected the Ethereum network,
- Pick ETH in the top field and WETH in the bottom,
- Enter the amount of Ether you want to convert and click the Wrap button,
- Check the transaction details and confirm the swap in the wallet.
Considering the transaction needs to be confirmed on the blockchain, be aware that it may take some time for the newly Wrapped Ether (WETH) to be deposited into your wallet.
Convert ETH to BNB Through a Cross-Chain Bridge
Another way you can convert your ETH to BNB is to exchange the coins by creating a cross-chain bridge. To do this, you will need to complete the conversion on a decentralized app (DApp). The exchange will offer you to choose between Celer cBridge and Any Swap, both of which are good for the job.
The process of exchanging ETH is going to be almost exactly the same whatever option you choose. However, since cross-chain protocol exchange is still in beta over at Any Swap, let’s go over the steps you’ll need to take when using cBridge:
- Connect your trust wallet to cBridge,
- Open the app and click on the Transfer tab,
- Select the currency you want to exchange (ETH) and its network (Ethereum),
- Choose the currency you wish to receive (BNB or BSC) and click Transfer.
Does the Cross-Chain Bridge Work on Binance Exchange?
If you’re already a Binance user, you can also use the Binance Bridge on the network’s official app. However, this process is also not available with the Trust Wallet, so you’ll have to use one of the decentralized apps I just mentioned.
What Would Happen if I Sent Tokens From a Different Network to Binance Without Conversion?
If you’re thinking about sending any crypto to your Trust Wallet or the Binance exchange, make sure that their protocols actually align first. In case you do send some Ether tokens that are not from the same network, you will lose the funds for good, as there won’t be any way to recover them.
What Types of Tokens Does the BNB Chain Have?
Unlike many other blockchains out there, BNB Chain has two types of token standards used for different transactions and interactions. These coins are known as BNB and BSC, and they are traded separately. If you’re not sure which coin suits your needs more, here’s a quick overview of the transactions each token supports.
Token StandardNetworkTradingDapp InteractionStakingBEP2BNB Beacon Chain (BNB)YesNoYesBEP20BNB Smart Chain (BSC)YesYesNo
Enjoy the Benefits of the BNB Chain
Converting Ether to BNB provides numerous benefits, as wrapped tokens can increase the crypto traders’ capital efficiency and liquidity on both centralized and decentralized platforms. The fees are also much lower than the gas fees on the Ethereum network, and transaction time won’t be nearly as long, making the conversion a worthwhile investment.
How to Stake BNB in Trust Wallet
Earning BNB in Trust Wallet is arguably one of the easiest ways to earn crypto. The steps are as follows:
- Download Trust Wallet (available for Android and iOS).
- Deposit BNB or purchase BNB in Trust Wallet using a Debit or Credit Card.
- Open the Finance dashboard.
- Choose BNB, click on “More,” and then on “Stake.”
- Type in the amount of BNB you want to stake and click “Next.”
- Click “Send” to confirm the transaction and to start staking.
And that’s it!Earning BNB by staking BNB in Trust Wallet is that simple! Download Trust Wallet today to start earning BNB today.
And that’s it! Earning BNB by staking BNB in Trust Wallet is that simple! Download Trust Wallet today to start earning BNB today. Download Now
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.
Read this guide to learn to easily convert your crypto into BNB, BUSD, or BETH, to participate in Binance Launchpool and earn passive income in the latest tokens coming to Binance.
Binance Launchpool gives you the opportunity to participate in token launches for the upcoming Binance listings. The way it works is that you pick a Launchpool offering you want to join, select the pool based on your preference and APY, and stake one of the supported assets (or all of them if you wish).
To participate in Binance Launchpool, you need to hold the correct assets that you can stake. The most regular assets used in Launchpool are BNB, BETH, and BUSD, so it’s a good idea to stock up on these if you want to regularly participate. If you don’t have any, don’t despair. In this guide, we’ll show you three simple and fast ways to convert the assets you have into BNB, BETH, or BUSD.
Buy BNB, BETH, or BUSD Via Spot Trading
The most popular method to get BNB, BETH, BUSD, or just about any crypto you need is still through the Binance Spot exchange. Binance’s original service since 2017 provides some of the most active and liquid markets in the world for your crypto.
Step 1: Log in to your account. If you don’t have an account yet, register today, and deposit funds or buy crypto.
Step 2: Select a trading pair. There are more than 270 trading pairs that include BNB, BUSD, or BETH. Choose a trading pair that includes the crypto you already hold and one of the three tokens you need for the Launchpool.
Step 3: Place an order. If the crypto you’re buying (BNB, BUSD, or BETH) is mentioned first in the pair (e.g., BNB / BTC), choose Buy. Then enter the amount of the crypto you’re willing to spend, and set the price you want for a limit order. For market orders, you only need to enter how much crypto you’ll spend.
If the crypto you’re buying is mentioned second in the pair (e.g., BTC / BUSD), select Sell. Then enter how much crypto you’re willing to spend to obtain BUSD, and set the price for it in a limit order or let the prevailing rate apply in the case of a market order.
This method works best for BETH.
Get BUSD Via Binance Liquid Swap
Another option that has become increasingly popular is Binance Liquid Swap. This is Binance’s DeFi-like solution for swapping one token in exchange for another, with fees that are lower than even the rates on the Spot exchange. There are 13 pairs right now on Liquid Swap, with seven of them including BUSD. Here are the steps on how to get BUSD from Liquid Swap:
Step 1: Go to Liquid Swap. Make sure that the crypto you’ll use to swap for BUSD is on your Spot wallet.
Step 2: Select the token you have under Sell. On Liquid Swap, you can buy BUSD by selling USDT, DAI, EUR, ETH, AUD, or BTC.
Step 3: Select BUSD under Buy. The system will automatically display the amount of BUSD you’ll receive in this transaction. You’ll see the prevailing price, the fee involved, and the slippage, or the possible deviation of the actual price from the prevailing price due to market specifics in the liquidity pools. Don’t worry, the slippage is usually zero or too little to think about.
Step 4: Click Swap. The transaction takes less than a second, and your newly bought BUSD will be in your Spot wallet immediately.
This method works best for BUSD.
Buy BNB or BUSD Via the Binance Convert & OTC Portal
There’s another method available if you want to gain BNB or BUSD for use on Launchpool: the recently launched Binance Convert & OTC Portal, which supports instant conversions and zero fees. You can use this platform with as little as 10 USDT or as much as 100,000 USDT (minimum and maximum amounts may vary depending on the crypto you use) to turn your crypto into another kind of token in seconds. There is a range of different cryptocurrencies available to convert to BUSD, including popular assets BTC, ETH, LTC; stablecoins: USDT, USDC, TUSD; DeFi tokens: UNI as well as community-driven tokens DOGE and DOT with limits from $10 to $4M per order.
Step 1: Go to Convert & OTC. Make sure that the crypto you’ll use to swap for BNB/BUSD is on your Spot wallet.
Step 2: Select the token you have under From and BNB or BUSD under To. You can choose to enter the number of tokens you want to use on the From side or the number of tokens you want to gain on the To side.
Step 3: Click Preview Conversion. You will then see the price quote for the transaction you’re considering. You have 5 seconds to approve the quote shown to you and fulfill the deal. If the 5 seconds expire, click Refresh to get a new rate.
Step 4: Click Convert. The transaction takes less than a second, and you’ll see the BUSD you bought in your Spot Wallet.
This method works best for BNB and BUSD.
Putting your BNB, BUSD, or BETH on Binance Launchpool
Regardless of the option you choose, the BNB, BUSD, or BETH you received will be available in your Spot Wallet. The Spot wallet is also used as a default wallet for the Launchpool funding, so you don’t need to move your funds anywhere to use them in Launchpool.
Here are the steps for joining Binance Launchpool:
Step 1: Go to the Binance Launchpool website,
Step 2: Look for the project you want to participate in, locate the pool that corresponds to the crypto you have, and click Stake Now.
Step 3: Once you see the webpage for that pool, click Stake, enter the amount you want to put in the pool, and click Stake again.
Step 4: Once your tokens are in, you can check the webpage for your selected pool from time to time to see how much tokens you have earned.
And just like that, you now have multiple options in terms of joining Binance Launchpool, regardless of the tokens you hold right now. Take a look at the latest offers available on Launchpool and put your crypto to use.