Trust Wallet is a non-custodial wallet where you can store more than 150,000 cryptocurrencies. In this article, you’ll learn how to send BNB from Binance to your Trust Wallet.
BNB, short for Binance Coin, is a cryptocurrency that can be used on the Binance platform to trade assets and save on spot trading, margin, futures trading fees.
The BNB token was created by the Binance exchange platform and steadily rose in popularity to become one of the top trading cryptocurrencies.
If you’ve purchased BNB on Binance, you can easily store it in a non-custodial wallet such as Trust Wallet or MetaMask. BNB is usually used on decentralized exchanges such as Uniswap and PancakeSwap where the token can be swapped for other cryptocurrencies.
How to Transfer BNB from Binance to TrustWallet
To send BNB from Binance to TrustWallet, you need to know the BNB address associated with your TrustWallet. Once you have the address, you can enter it in the Binance exchange and withdraw your BNB to your Trust Wallet.
Here’s a step-by-step guide on how to withdraw BNB from Binance.
1. Setup Trust Wallet
Once installed, open the app and create a new wallet. This wallet is where you will store your BNB.
During setup, the app will provide a recovery phrase that you should take note of and keep in a secure place. This phrase lets you recover your wallet on a new device or when reinstalling the wallet.
2. Copy your BNB address on Trust Wallet
From the Trust Wallet app, go to the Wallet tab and you’ll find a list of tokens. Find and tap on the BNB token.
Now press the Receive button to view your BNB wallet address, then tap on the Copy button to copy the address.
3. Open Binance and go to Wallets
Launch the Binance app on your device and tap on the Wallets tab in the bottom right corner.
The Wallets screen is where you will find all the cryptocurrencies that you’ve purchased or stored on the Binance exchange.
4. Withdraw BNB to your Trust Wallet address
At the top of the screen, press the Withdraw button, then search for and select BNB.
A menu will pop up asking how you want to withdraw the token. Select Send via Crypto Network.
It’s now time to send BNB to Trust Wallet. Here’s how to do it:
- Paste the Trust Wallet address that you copied in Step 2 into the Address textbox. Ensure that the address is 100% correct otherwise your BNB will get lost if entered incorrectly.
- For the Network, select BNB Beacon Chain (BEP2). The Memo field is not required so you can skip it.
- Enter the amount that you want to transfer in the Amount field.
- Tap on the Withdraw button to initiate the transfer.
- Complete the 2FA verification to transfer BNB from Binance to Trust Wallet.
5. Wait for BNB to be deposited in your Trust Wallet
Binance will transfer your BNB to Trust Wallet within 30 to 45 minutes. In some cases, it might take a few hours depending on the network traffic.
Once the transfer is complete, the BNB tokens will appear in your wallet in Trust Wallet. Simply open the app and the BNB amount will be displayed.
Transferring BNB from Binance to Trust Wallet is a simple process once you get the hang of it. All you need is your BNB address in Trust Wallet. Once you have it, simply enter the address in Binance when withdrawing BNB and the cryptocurrency will get transferred to Trust Wallet.