Combining the most feature-rich wallet in the crypto space and the world’s largest crypto exchange gives crypto traders and investors an unrivaled advantage in dealing with their digital assets.
In this guide, I will walk you through a straightforward process that involves 3 very simple steps to transfer your Ethereum from Trust Wallet to the Binance exchange platform.
Also see How to sell your crypto on Trust Wallet.
The 3 simple steps to transfer your Ethereum from Trust Wallet
You can use the website or mobile device to access the Binance exchange and the Trust Wallet. While logged in to both the Binance account and Trust Wallet account:
Step 1: Get Your Binance Deposit Address
On your Binance App or Binance web dashboard;
- Go to the ‘Wallets’ tab.
- Select ‘Spot Wallet’
- Choose Ethereum (ETH)
- Click/Tap on the Deposit button.
- Choose the right network for making deposits (e.g., ERC-20 for the ETH tokens, or BSC for Binance-peg Ethereum tokens)
- Scan the QR Code of the deposit address. Alternatively, manually copy the deposit address. This is the address that you will use to send your ETH from Trust Wallet
Step 2: Send Crypto from Trust Wallet to Binance
On your Trust Wallet mobile app dashboard or browser extension;
- Go to the ‘Wallets’ tab.
- Tap/Click on Ethereum (ETH)
- Tap/Click on the Send button
- In the ‘Recipient Address’ field, use the QR Code app on Binance to capture the saved deposit address you got in Step (1), above. In case you copied it manually, you can now paste it.
- In the Amount field, insert the amount of ETH you want to send.
- Tap/Click on the ‘Continue’ button. You may be prompted to enter biometric verification or password (e.g., OTP) to authorize the transfer
- Carefully review the transaction details for correctness. This includes ascertaining the availability of the required transaction fee (including the network fee) to be deducted from your Trust Wallet
- After review, tap/click on the Confirm button
Step 3: Patiently wait for the transaction processing to complete
The amount of time you will have to wait depends on the Ethereum network’s activity level. If the network is not very active, the transaction process will take less time.
After a successful transfer process, your Eth tokens will be reflected among the recent transactions in the ‘Recent Deposits’ section on the Spot wallet on your Binance account.
Tips to ensure a successful transfer process
1. Accuracy tip
Fact-check your transaction details. Most importantly, ensure the accuracy of your wallet address.
Integrating your Binance Pay with your Trust Wallet will save you from the usual complexity of copying and pasting wallet addresses. Binance Pay also removes the risk of entering the wrong wallet address. This is because using Binance Pay to make a transfer will not require you to enter your wallet address. To use Binance Pay, simply tap/click on the ‘Deposit from Exchange’ button in your Trust Wallet and choose ‘Binance’. This is the easiest way to transfer ETH tokens from the Trust Wallet app to the Binance exchange.
2. Speed up tip
To speed up the transaction process, use Binance Smart Chain (BSC). You not only get to experience faster transactions but also lower fees. You need to convert ETH tokens into Binance-peg Ethereum tokens to allow them to be transferred through BSC.
Binance-peg Ethereum is just an ordinary ETH token that has been wrapped up to enable it to use the Binance Smart Chain. Thus, you can easily convert it back to an ordinary ETH token.
3. Costing tip
Different networks charge different gas fees. Furthermore, even on the same network, gas fees vary depending on traffic flow.
Use EtherScan Gas Tracker to determine the Ethereum network fee before sending ETH. This will ensure that you can factor in your transaction cost in advance. If your transfer is not urgent, you can save on costs by transferring when the gas fee is lower.
Based on the required gas fee, make sure that your Trust Wallet has sufficient ETH to cover your gas fee.
4. Tracking tip
Take note of the transaction ID (TXID) which is reflected after making the transfer. This will enable you to track the transfer status and follow up in case of any issues.
The support team will find it easier to help you when you quote your TXID when seeking help. This will enable your issue to be resolved faster.
Furthermore, the TXID will enable you to easily track your transaction history.
5. Skill tip
Practice makes perfect. You don’t have to transact a lot to gain these skills. Take advantage of TestNet tryouts. TestNet mimics the real blockchain and thus you can practice without risking your assets. This is important if you are new to the world of blockchain and cryptocurrency.
Why is Binance Exchange and Trust Wallet such a powerful combination?
Well, if you haven’t used both the Binance platform and Trust Wallet in combination, you could be wondering why use them.
In brief, let’s explore some key features and main benefits that make them a worthy combination.
1. Binance features and benefits
Thanks to its rich variety of features and benefits, the Binance exchange platform is the world’s largest crypto exchange.
Binance features
The following key features make the Binance exchange platform a top choice for most crypto traders, investors, and users:
- On-chain transfer via Binance Pay to Trust Wallet (or other DeFi Wallet)
- Native token – the Binance Coin (BNB)
- Smart Contracts – via the Binance Smart Chain
- Marketplace for non-fungible tokens (NFTs)
- Secure login – facilitated by two-factor authentication and biometric verification to prevent unauthorized access
- External wallet support
Binance benefits
The following are the main benefits that Trust Wallet users of the Binance exchange platform would gain:
- Supports Ethereum’s native cryptocurrency (ETH), and most tokens hosted on the Ethereum network (the ERC-20 tokens)
- Relatively low gas fees for ETH tokens – compared to other crypto exchange platforms, Binance offers low gas fees for Binance-Peg Ethereum tokens
- A very large collection of crypto-based digital assets
- An expansive NFT marketplace where you can get your favorite NFT collections
- Secure gateway connection to third-party platforms
2. Trust Wallet features and benefits
The following key features make the Trust Wallet application a top choice for most crypto traders, investors, and users:
Trust wallet features
- A multi-chain self-custody cryptocurrency wallet that supports hundreds of crypto coins and tokens across dozens of blockchain networks including Binance blockchain tokens (BEP-20 tokens), and Ethereum blockchain tokens (ERC-20 tokens), among others.
- Built-in swap mechanism that allows you to swap coins and thus make crypto purchases without needing to go to the crypto exchange.
- Network auto-detect feature –
- User-friendly interface – new Trust Wallet users will find this a beginner-friendly interface.
- Secure login – facilitated by two-factor authentication and biometric verification to prevent unauthorized access
- A built-in powerful self-custody web interface for crypto trading
- Built-in security features – these include a secret phrase and recovery phrases for wallet recovery
- Dapp browser – that enables you to have a quick search and view of a wide collection of digital assets
- Trust wallet browser extension user interface for most browsers
- Optional tool to integrate the wallet with various third-party platforms
- DeFi wallet swapping mechanism
Trust Wallet benefits
As one of the best non-custodial cryptocurrency wallets in the crypto space today, the Trust Wallet application endows its users with the following main benefits:
- A non-custodial wallet that lets you have complete control of your crypto assets
- Helpful integrations with many third-party platforms – including Binance
- Advanced security features that contribute to significant risk reduction
- A user-friendly interface that doesn’t require one to be a crypto techie to begin using it
- You can get a rich variety of both BEP-20 and ERC-20 tokens.
- As a self-custody wallet, Trust Wallet users don’t worry about their private keys being unscrupulously held hostage.
- The best Ethereum Wallet app for users of mobile devices
- Easy access to hundreds of ETH tokens
- Same-chain swaps mechanism that makes it faster to swap tokens on the same network without fuss
- Being an NFT wallet, NFT lovers can store their favorite NFT collections on Trust Wallet
- Easy integration with several third-party platforms
- A go-to Bitcoin wallet for mobile users who love staking and using Bitcoin and Bitcoin Cash
- A DeFi wallet that supports swapping between various DeFi tokens
- Secure gateway connection to third-party platforms
- Trust self-custodial wallet is one best mobile wallets for those seeking a great user experience