How to Transfer Crypto from Binance to Trust Wallet
Want to transfer crypto from Binance to Trust Wallet?
You are in the right place!
Today, you are going to learn how to transfer crypto from Binance to Trust Wallet in a few simple and easy steps.
Binance Exchange is the largest crypto exchange by trade volume in the world.
It is one of the most popular crypto trading exchanges that is used by millions of crypto traders around the world.
It allows crypto traders and investors to buy, sell, hold, and trade their favorite cryptocurrencies in several countries.
Binance is an exchange where you can buy, sell, and trade up to 350+ cryptocurrencies on their platform.
In this article, I will show you how to transfer crypto from a Binance exchange to another popular decentralized wallet called Trust Wallet.
What Is Trust Wallet?
Trus Wallet is the official wallet of Binance. It is one of the most used and secure, decentralized wallets where users can send, receive and store their digital assets.
Trust Wallet app allows users to securely store over three million digital assets (cryptocurrencies) across 64 blockchains.
There are more than 25 million trust wallet users. Users can also buy, store, and collect NFTs on this wallet.
The Trust Wallet is available as a browser extension and also as a mobile app both on Android and IOS.
Click here to download it on your mobile or as a chrome extension if you are using a browser.
How To Transfer Crypto From Binance To Trust Wallet?
First, you must download and install the Trust Wallet app on your smartphone. Create an account on Trust Wallet and open it.
It takes only two minutes to create your Trust Wallet account.
Just remember that the private keys that Trust Wallet provides you are the most important thing in your account.
If you lose it, no one can then recover your Trust Wallet account and The assets you own there.
Go to Trust wallet and enable the cryptocurrency that you want to transfer from the Binance exchange and receive on Trust Wallet.
Once the coin is shown, swipe the button next to it to make it visible on your Trust Wallet homepage.
Next, click on the coin and select the ‘receive’ option. Copy the deposit address from Trust Wallet for the coin.
Now go to the Binance app and select the same crypto in the assets tab.
Click on withdraw and paste the address you copied from Trust Wallet.
Enter the amount of that crypto you want to transfer and click on ‘withdraw’ to complete the transfer.
The final step is to check the crypto on the Trust Wallet.
Steps To Transfer Crypto From Binance To Trust Wallet
Here is the exact step-by-step guide with screenshots to transfer any crypto from the Binance exchange to the Trust Wallet app.
The transfer process is the same for all the cryptocurrencies, which allows you to send all the cryptos from Binance to Trust Wallet.
Step 1- Download The Trust Wallet
The first step is to download the Trust Wallet app on your smartphone. If you already have downloaded it, then you can skip this step.
Step 2- Create an Account On Trust Wallet
Next, you need to create an account on Trust Wallet. Which is just a few simple steps such as:
- Click on create a New Wallet
- Accept Terms of Usage
- Save your Recovery Phrase
- Verify your Recovery Phrase
If you already have an account on Trust wallet then skip this step and move to the next step.
Step 3- SelectThe Cryptocurrency
Now you simply have to find and select the crypto coin in Trust Wallet that you want to transfer from Binance.
To do this, go to your Trust Wallet account, and tap on the toggle sign in the upper right corner of the homepage of the Wallet screen.
Now search for the coin, if the coin is available, click on it to add it to the wallet.
Otherwise, if the token is not available, you will see a “No Asset Found” message with another button of ‘Add Custom Token’.
Click on this ‘Add Custom Token’ option and enter the contract address of the coin. You can find the contract address on coinmarketcap.com easily.
Step 4- Click On Recieve
The next step is to click on the coin that you added.
After clicking on it (coin), there will be three options with every coin such as:
Click on the ‘receive’ button.
Step 5- Copy The Address
Once you click on the ‘receive’ button. Trust Wallet will show the deposit address for that coin.
You need to copy this.
Step 6- Go To Binance
Now go to the Binance exchange and click on ‘overview’ under the wallet tab.
Next click on the ‘Fiat and Spot’ wallet to see all the assets (coins) that you own in this exchange.
Find the crypto (Bitcoin for example) and click on the ‘withdraw’ option which is shown next to each coin.
Step 7- Paste The Address of the Trust wallet
Now a new window will pop up asking you to enter the address of the recipient.
Now you will have to paste the Trust Wallet address that you copied earlier.
Paste the address you copied from the Trust Wallet and then enter the amount you want to transfer.
You can also withdraw all amounts of the selected coin by clicking on ‘Max’.
But I do not recommend this because you should first transfer a little amount and check if everything is going right.
This is risky because no one can recover crypto which is sent to the wrong address.
Step 8- Confirm And Verify Withdrawl On Binance
After you have pasted the address and the amount, the next step is to verify the transaction on Binance. It depends on how you verify it.
Binance requires 2FA verification to increase your account security.
Usually, Binance sends you a code via email and phone which you need to enter for verification.
Enter the code you received on email/phone, and click on confirm.
Step 8- Check Crypto On Trust Wallet
The final step is to check the crypto on the Trust Wallet. It will show up just by opening the main page of rust Wallet.
If it does not show, refresh the wallet again. It will show up.
How Much Time Does It Take To Recieve Crypto On Trust Wallet?
Deposits can take from 10 to 30 minutes. depending on the coin that you are transferring. If there is more traffic on the coin’s blockchain, then it will take some time.
However, if you do the above steps carefully, you will not face any issues regarding your funds.