Ubmit your binance smart chain (bep20) wallet address from trust wallet
Here’s how you can get set up on Trust Wallet and start using BNB Smart Chain in just a couple of minutes.
Setting up your wallet for BNB Smart Chain
1) Download Trust Wallet here. If you already have Trust Wallet, make sure your app is up to date.
2) Complete basic setup of a multi-coin wallet. Remember to save your backup phrases.
3) Go to your Smart Chain wallet and press receive to find your address.
4) Deposit BEP20 assets to your wallet. The easiest way to do this is with Binance. Choose an asset on Binance that supports BEP20 withdrawals and withdraw to your Trust Wallet BNB Smart Chain address. Keep in mind that BNB is required to make any transactions on BNB Smart Chain.
5) That’s it! You’re ready to start using BNB Smart Chain.
6) Once you’ve received a BEP20 token, to view your transaction ID you can click on the transaction, press the share button in the top right and then copy the transaction ID.
Using BNB Smart Chain Dapps
7) For this part, iOS users will need the Dapp browser, which you can get by following this guide. Android users have the Dapp browser by default.
8) Once you’ve topped up your wallet, open the Dapp browser by pressing on the four squares at the bottom of the app.
9) Navigate to a BNB Smart Chain Dapp like PancakeSwap or BurgerSwap.
10) Use the Dapp and have fun!
Here are some more detailed guides on how to interact with BNB Smart Chain Dapps with Trust Wallet:
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.
Trust Wallet supports BEP20 Tokens
What are BEP20 Tokens?
BEP20 represents a token standard that is on the Binance Smart Chain.
BEP20 is similar to ERC20 tokens that are issued and implemented on the Ethereum blockchain.
After adding Binance Smart Chain, Trust Wallet devs have also implemented the support for BEP20 tokens. Download the most recent version of the app in order to start receiving BEP20 tokens on your wallet.
How to Get BEP20 Address?
Smart Chain wallet will be enabled by default as soon as you Create a new wallet. If you do not see it yet, try to do a search and look for “Smart Chain”.
Open your Smart Chain wallet, tap on Receive to get your BEP20 address. In case you are wondering why BNB shows on the screenshot, it is because Binance Coin is also the main token used on Binance Smart Chain. Tap on Copy or Share your QR code for the Smart Chain address.
How to withdraw BEP20 tokens to Trust Wallet
For this example, we will withdraw some DAI as a BEP20 token. Access your Binance account wallet, tap on DAI, then tap on Withdrawal. You will notice that Binance has several options available. Choose BEP20 Network.
ERC20 is on the Ethereum network while BEP20 is on the Binance Smart Chain.
Sending to a wrong network may lead to loss of funds.
Get your Smart Chain address on Trust Wallet and paste it on the Withdrawal address on Binance.
Complete the withdrawal process and wait for the tokens to be sent to your wallet. Done.
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.
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.