Trust Wallet is easily one of the best crypto wallets for smartphone users, offering the ability to trade all sorts of cryptos and interact with many built-in decentralized apps. Although the digital wallet has the ability to store coins from different networks, many users are still not sure how to convert ETH to BNB on Trust Wallet. Thankfully, you’ve come to the right place.
In order to convert ETH to BNB on Trust Wallet, you will first need to wrap them or use a cross-chain bridge, as these two coins are not on the same network. Wrapping ETH will extend its ERC-20 standard to Smart Chain’s BEP-20, allowing you to exchange it for BNB tokens in the Trust Wallet.
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Ethereum and Binance are two of the most popular blockchains currently available, so it’s no surprise that many crypto traders want to know how they can convert their coins from one to the other. However, if you’re using a Trust Wallet and you have some ETH that you want to exchange for BNB, you won’t be able to do so directly.
This is because these two coins are native to different networks, which use different standards. Ether (ETH) is native to the Ethereum blockchain, which uses the ERC-20 standard in all its transactions. Even though the Binance Coin (BNB) was initially created on Ethereum, it is now native to the Binance network, so Ether cannot be exchanged directly for it.
Thankfully, if you have some Ether (ERC-20) lying around, you can still exchange it for BNB tokens, but it needs to be wrapped first. The process of wrapping Ether is actually relatively simple, as all you have to do is send the coins to a smart contract, which will then provide you with the exact amount of Wrapped Ether (WETH) minus transaction fees.
The ETH you put forward will be locked away, but it can be exchanged back at any given time for WETH. However, wrapping can’t be done on the Trust Wallet itself, so you will need to use some other service, like Uniswap or Metamask.
If you’re looking to wrap your Ether on Uniswap in order to exchange it for one of the Binance coins, you will need to:
- Create a Uniswap account,
- Connect your wallet and go on the Swap tab,
- Make sure you’ve selected the Ethereum network,
- Pick ETH in the top field and WETH in the bottom,
- Enter the amount of Ether you want to convert and click the Wrap button,
- Check the transaction details and confirm the swap in the wallet.
Considering the transaction needs to be confirmed on the blockchain, be aware that it may take some time for the newly Wrapped Ether (WETH) to be deposited into your wallet.
Another way you can convert your ETH to BNB is to exchange the coins by creating a cross-chain bridge. To do this, you will need to complete the conversion on a decentralized app (DApp). The exchange will offer you to choose between Celer cBridge and Any Swap, both of which are good for the job.
The process of exchanging ETH is going to be almost exactly the same whatever option you choose. However, since cross-chain protocol exchange is still in beta over at Any Swap, let’s go over the steps you’ll need to take when using cBridge:
- Connect your trust wallet to cBridge,
- Open the app and click on the Transfer tab,
- Select the currency you want to exchange (ETH) and its network (Ethereum),
- Choose the currency you wish to receive (BNB or BSC) and click Transfer.
If you’re already a Binance user, you can also use the Binance Bridge on the network’s official app. However, this process is also not available with the Trust Wallet, so you’ll have to use one of the decentralized apps I just mentioned.
If you’re thinking about sending any crypto to your Trust Wallet or the Binance exchange, make sure that their protocols actually align first. In case you do send some Ether tokens that are not from the same network, you will lose the funds for good, as there won’t be any way to recover them.
Unlike many other blockchains out there, BNB Chain has two types of token standards used for different transactions and interactions. These coins are known as BNB and BSC, and they are traded separately. If you’re not sure which coin suits your needs more, here’s a quick overview of the transactions each token supports.
|BNB Beacon Chain (BNB)
|BNB Smart Chain (BSC)
Enjoy the Benefits of the BNB Chain
Converting Ether to BNB provides numerous benefits, as wrapped tokens can increase the crypto traders’ capital efficiency and liquidity on both centralized and decentralized platforms. The fees are also much lower than the gas fees on the Ethereum network, and transaction time won’t be nearly as long, making the conversion a worthwhile investment.