How to transfer my ethereum from trust wallet to binance

Introduction

Learning how to access BNB Smart Chain is one of the easiest ways to interact with cryptocurrencies and DeFi projects. Trust Wallet is a great way to do it outside of a desktop browser, and it only takes a few minutes to set up.

The Trust Wallet app is a mobile crypto wallet that doesn’t require registration. It’s available for iOS and Android users. Once installed, you can easily connect your wallet to DApps, including PancakeSwap, SushiSwap, and Beefy Finance.

Trust Wallet isn’t just for BSC either. It also supports the Ethereum, POA Network, and Callisto blockchains, to name a few. In this guide, we will use PancakeSwap as an example, but the process is pretty much the same for most DeFi platforms out there.

Installing and setting up Trust Wallet

1. First, head to the Trust Wallet website and click the link for your desired OS.

2. Install the app according to your specific device. After opening Trust Wallet, go ahead and click [Create a new wallet].

3. You’ll now see a seed phrase. It acts as a recovery password in case you lose access to your mobile device or wallet. Keep a copy of it in a secure, secret place.

4. After clicking [Continue], you’ll be asked to repeat your phrase in the correct order. This step is to ensure that you have copied or written down your seed phrase. Once you’ve input the words in the right order, click [Continue].

5. You now should have successfully set up your crypto wallet, and you’ll find yourself on the [Wallet] tab.

Depositing BNB into Trust Wallet

To use BNB Smart Chain (BSC) DApps, you will need some BNB to pay your transaction fees. Every time you send tokens using BSC or interact with smart contracts, you’ll have to pay some gas.

1. To use your BNB BEP-20 tokens for gas, your tokens must be sent using the BEP-20 transfer network. If you are withdrawing from Binance, make sure to choose the [BEP-20 (BSC)] option on the withdrawals page.

2. To deposit your BEP-20 BNB, open up the [Wallet] tab on Trust Wallet and click [Smart Chain]. Do not click [BNB]. This option is for BEP-2 BNB on BNB Chain and cannot be used to pay transaction fees on BSC.

3. Click the [Receive] button to find your deposit address. You can then copy and paste this address into your withdrawing wallet or scan the QR code.

Adding new tokens to your Trust Wallet list

After installing Trust Wallet, your default list of tokens and crypto is quite small. For example, let’s suppose you want to add CAKE to your list to make it visible in your Trust Wallet. 

1. Open the [Wallet] tab and click the icon in the top right corner.

2. Search for the token you want to add to your list and click the toggle button, so it turns green. In this example, we’re adding CAKE (BEP-20), which is PancakeSwap’s token on BNB Smart Chain.

3. Done. You’ll now see CAKE on your [Wallet] tab and any balance that you might have.

Connecting Trust Wallet to PancakeSwap 

There are a couple of ways you can connect your wallet to PancakeSwap and other DApps. You can either connect through the Trust Wallet mobile browser or on a desktop. Both offer the same functionality, so it comes down to your preference.

Connecting with the Trust Wallet browser

1. If you’re using the Trust Wallet DApp browser, head to the PancakeSwap website and tap the [Connect] button in the top right corner.

2. Select [Trust Wallet] to connect your wallet to PancakeSwap.

3. If you have connected successfully, you should see your wallet ID in the top right corner.

Connecting with a desktop browser

1. Head to the PancakeSwap desktop website and click [Connect] in the top right corner.

2. Click [WalletConnect] to start the connection process. Currently, the [Trust Wallet] button only works when using the Trust Wallet browser.

3. A QR code will appear, which is scannable with the Trust Wallet app. Head to the [Settings] of the app tab and click [WalletConnect]. Scan the QR code displayed on PancakeSwap and click [Connect] in Trust Wallet.

4. If you have successfully connected, PancakeSwap should show you the beginning of your wallet ID in the top right corner.

Closing thoughts

Trust Wallet is one of the most popular mobile apps to use and has a vast range in the blockchains and tokens it supports. It also acts as a gateway into NFTs and the whole DeFi ecosystem, so getting to know your way around it is important. The steps outlined above apply to other DApps as well, so once you’ve got this down, you’re really good to go.

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.

Step 1

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.

Step 2

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.

Step 3

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.

Step 4

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.

Step 5

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. 

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Conclusion

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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