How to send usdt trc20 from trust wallet to binance
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.
Exchange USDT (TRC-20) to Trust Wallet Token (BEP2)
What do you need to know?
- The average time of the exchange of USDT to TWT — 3 minute
- Only 1 confirmation of the USDT are needed to complete the exchange
- Do not send USDT through a third party contract! Such transactions are not automatically processed. We accept transactions from the original USDT contract
- Memo is the payment ID. If you need it when sending a transaction, be sure to include it
Brief Information on USDT (TRC-20)
Tether (USDT) was created by Tether Limited in 2014. The developers were able to qualitatively implement a curious idea — to combine a real-life currency and blockchain technology. As a result, the USDT stablecoin appeared — its rate is almost always equal to 1 US dollar. In 2019, USDT was released on the TRON blockchain using the TRC-20 protocol.
USDT smart contract
Do not submit USDT through a third party contract. Our exchanger does not accept transactions that are sent by third party smart contracts, except for the original USDT contract in the network TRX.
Transaction processing speed in the TRON blockchain
The network is capable of processing about 1 500 transactions per second. The speed will directly depend on how many users are currently making transfers. On average, it will take up to 3 minutes to confirm your transfer.
Despite the similarities to Ethereum, TRON has a number of distinctive features. One of them is the energy that is needed to conclude smart contracts on the Tron blockchain. Energy can be obtained by freezing TRX in the wallet. If you have no energy and you have created a transaction, TRX will automatically convert to the required amount of energy. Therefore, to work with tokens, the wallet must have TRX.
A brief history of Trust Wallet Token
Trust Wallet Token (TWT) was created in March 2020 to develop the community and attract new users. Initially TWT was launched on the Ethereum blockchain (ERC-20), then moved to Binance Chain (BEP-2), and in October became available on Binance Smart Chain (BEP-20). Since its launch, Trust Wallet Token has been a success and is an important part of the Binance ecosystem.
What is a Memo and do I need to specify it?
There is an additional Memo field when submitting Trust Wallet Token. Memo is the ID of the payment. It is unique, and with its help the service identifies the sender and recipient. Many services have address protection, which does not allow transactions without Memo.
If it happened that you forgot to specify the Memo or specified it incorrectly:
- Check if the transaction went through. To do this, you can use the explorer.binance service.
- If the transaction is not confirmed, write to our technical support. We will help you resend it.
- If, nevertheless, the transaction went through, then, unfortunately, we will no longer be able to help. In this case, you should write to the technical support service of the service to which you sent it.
Binance chain Blockchain Speed
Binance chain is considered to be a fast blockchain. The transaction is confirmed in a few seconds.
At a Glance: To withdraw from Trust Waller, first, swap your crypto assets to a popular cryptocurrency like Bitcoin or ETH. Then, send the Bitcoin or Ether to Binance, a popular exchange that allows you to cash out your cryptocurrencies.
So, you’ve chosen to store your crypto assets in Trust Wallet. Maybe you like how easy it is to buy crypto on Trust Wallet, or maybe you like that you can earn interest by passively staking your assets.
Perhaps you’ve made a profit with your crypto and now you want to withdraw your profit into your bank account. But Trust Wallet doesn’t allow you to sell your assets for fiat currency. What do you do now?
You’ll need to transfer your assets from Trust Wallet to another crypto exchange. Follow the five steps below to learn how to withdraw money from Trust Wallet.
What Is Trust Wallet?
Trust Wallet is cryptocurrency software wallet software. There are many cryptocurrencies available today, and Trust Wallet supports a large number of them. It allows you to purchase, sell, and swap different coins, blockchains, and other digital assets, delivering full cryptocurrency management functionalities.
Trust Wallet helps your coins work for you by staking your assets with a flexible interest rate. The program provides you with a validated proof-of-stake certification so you can collect interest on your crypto assets. This automated feature means your cryptocurrencies will continue to earn you money on their own.
A lot of cryptocurrency exchanges make it somewhat challenging to purchase cryptocurrency. Trust Wallet, on the other hand, allows you to easily buy crypto with your credit card so you can quickly begin to trade.
Many people believe hardware wallets are the safest option, but Trust Wallet prides itself on its secure access. The program provides you with a secure access key, ensuring you’re the only person that can gain access to your sensitive financial assets.
Trust Wallet even helps you find other businesses and vendors that accept cryptocurrency for their goods and services.
This product is open-source and available completely free of charge with no transaction fees.
How to Withdraw Money from Trust Wallet
To withdraw money from Trust Wallet to your bank account, you first need to swap the token for Bitcoin or Ethereum. Then, you must send the Bitcoin or Ethereum to a popular exchange that allows you to cash out your cryptocurrencies. You can do this by selling your cryptocurrencies for fiat currencies such as USD, AUD, GBP, etc. Once you have sold your cryptocurrencies, you can withdraw the fiat currency from the crypto exchange to your bank account.
Here are 5 easy steps for how to withdraw money from Trust Wallet in more detail.
The first step is to swap your crypto assets to a popular cryptocurrency like Bitcoin or Ethereum in your Trust Wallet account. You can do this by converting all your tokens or coins into Smart Chain on Trust Wallet.
The next step is to create an account on a popular cryptocurrency exchange like Binance. You can pick any crypto exchange that allows you to sell crypto for fiat currency. Binance is often highly recommended because it supports over 60 fiat currencies and allows you to use credit cards, debit cards, bank transfers, and cash balances.
After you’ve created an account and logged into it, you’ll find yourself on the dashboard. Click on “Wallet” followed by “Fiat and Spot” on the top navigation bar to go to your “Fiat and Spot” wallet.
Next, find the cryptocurrency that you want to cash out from Trust Wallet (for example Bitcoin) and click on “Deposit”. For example, if you have Ethereum on Trust Wallet and you want to cash it out, navigate to “Ethereum” and click on “Deposit”.
To cash out your cryptocurrency on Trust Wallet, you must send it to Binance to sell it. To do this, you need to copy your cryptocurrency’s address (e.g. Ethereum) on Binance.
Now that you have the Binance address you want to send your cryptocurrency to, open the Trust Wallet app. Navigate to the Smart Chain page.
After you’ve tapped on the cryptocurrency that you want to cash out (e.g. Ethereum), you’ll land on your Ethereum wallet. On your Ethereum wallet, you’ll see multiple icons including “Send”, “Receive”, “Copy”, and “More”.
Since you can’t sell your Ethereum on Trust Wallet, you need to send it to Binance. Tap on “Send” to send your Ethereum to Binance. Then, paste your Ethereum address from Binance on the “Recipient Address” field. You can find this address by following Step 2.
Next, enter the amount of Ethereum you want to send to Binance in the “Ethereum Amount” field. The value of the Ethereum that you’re sending will be displayed under the field. After you’ve tapped on “Next”, you’ll land on the confirmation page where you need to confirm the withdrawal.
The withdrawal process will take about 30 to 60 minutes.
After you’ve sent the cryptocurrency you want to cash out from Trust Wallet to Binance, you can sell it for fiat currency on Binance.
Navigate to the “Buy and Sell Cryptocurrency” page on Binance. On the “I want to sell” field, select the cryptocurrency you want to sell (e.g. Ethereum). Then, enter the amount of Ethereum you want to sell.
Next, select the fiat currency you want to receive on the “You will receive” field (e.g., USD, EUR). Tap “Next” to go to the confirmation page.
Now that you’ve sold a cryptocurrency to a fiat currency (e.g. USD), you can withdraw the fiat currency or money to your bank.
On Binance, click on “Wallet” followed by “Fiat and Spot” on the top navigation bar. On your Fiat and Spot wallet, click on “Withdraw” at the top of the page. Then, click on the “Withdraw Fiat” button.
On the fiat withdrawal page, you need to select a currency and payment method. On the “Currency” field, select the currency that you want to withdraw to your bank account (e.g. USD). The recommended payment methods are “Bank Transfer (SEPA)”, “Bank Card (Visa)” or “Silvergate Bank (SWIFT)”.
In the “Amount” field, enter the amount of money you want to send to your bank account. Select the bank account you want to send the money to on the “Withdraw To” field and click on “Continue”.
After you’ve clicked on “Continue”, complete the security verification and the money will be sent to your bank account.
You’ll usually receive the money within 30 to 60 minutes.
When you withdraw through Binance Fiat Exchange you will be charged withdrawal fees. If you don’t want to pay fees, you will need to look for a Peer-to-Peer (P2P) option so you can exchange your crypto for cash from another user.
Now you understand how to withdraw money from Trust Wallet. You first need to swap the token for Bitcoin or Ethereum on Trust Wallet. Then, you must send the Bitcoin or Ethereum to a popular exchange that allows you to cash out your cryptocurrencies.
Once you have sold your cryptocurrencies, you can withdraw the fiat currency from the crypto exchange to your bank account. It’s as simple as that!
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