How to Use Binance Pay with Trust Wallet
Binance Pay allows you to easily transfer crypto from your Binance Exchange account directly to your Trust Wallet. In this guide we’ll explain the process of using Binance Pay so you can enjoy a more seamless way to transfer your crypto.
What is Binance Pay?
Binance Pay is a seamless crypto payment service that lets people send and receive cryptocurrency. Consumers and merchants are able to send and receive crypto payments anywhere in the globe without having to pay any additional fees associated with the use of cryptocurrency. The integration of Binance Pay into Trust Wallet means that you can deposit crypto directly from your Binance exchange account to your wallet – all without having to copy addresses or doing any of the things that often lead to transfer errors or lost funds.
What is Trust Wallet?
Trust Wallet is the simple-to-use, self-custody crypto wallet and gateway to Web3 for people who want to fully own, control, and leverage the power of their digital assets. From beginners to experienced users, Trust Wallet makes it simpler, safer, and convenient for millions of people around the world to experience Web3, store and manage their crypto and NFTs, buy, sell, and stake crypto to earn rewards, and access dApps securely—all in one place. Trust Wallet is available as a mobile also as the Trust Wallet Chrome Extension.
Depost from Binance Pay to Trust Wallet
Before we dive into how depost from Binance Pay to Trust Wallet, you’ll need to create a wallet if you don’t already have one. In this example, we’ll set up a new wallet using the Trust Wallet Mobile App, because at the time of write, Binance Pay is supported in the mobile app.
Step 1: Download the latest version of the Trust Wallet App.
Step 2: Set up your new wallet
- Open the Trust Wallet app, and choose “Create a new wallet.”
- Select an option to back up your wallet.
- Once your wallet is set up, tap on “Start using Trust Wallet.”
Tip: If you already have a wallet that’s not Trust Wallet, you can choose to import that wallet. In this case, you’d choose the “I already have a wallet” option.
Step 3: Deposit crypto to your Trust Wallet via Binance Pay
You can deposit a number of crypto assets to your Trust Wallet using Binance Pay. In this example, we’ll use Ethereum (ETH)
Select the asset you want to deposit from the main wallet screen. Alternatively, you could also select “Receive” and then search for the asset.
Choose “Receive” from the asset’s detail page.
Select “Deposit from exchange”.
Select the Binance option.
From there, it’s just a matter of following the steps to deposit the crypto from your Binance exchange account. If it’s your first time using the feature, you’ll need to authenticate the connection between Trust Wallet and your Binance account.
Note: You’ll need to have a registered Binance account to use this feature.
Frequently asked questions
Do I need a Binance Account to use this feature?
Yes, you’ll need a Binance exchange account to use the Binance Pay feature. You can get the Binance app from the Apple App Store, Google Play or by going to https://www.binance.com/.
How many crypto assets are supported by Binance Pay?
Binance Pay supports 50+ crypto assets.
I can’t locate the feature in my Binance account that allows me to deposit cryptocurrency into Trust Wallet via Binance Pay. Where is it?
To deposit cryptocurrency into Trust Wallet using Binance Pay, you should initiate the transfer from your Trust Wallet (and not the other way around). This action will then redirect you to your Binance exchange account to finalize the transfer.
Are there any service charges associated with depositing cryptocurrency into Trust Wallet via Binance Pay?
While Binance Pay doesn't charge any fees for cryptocurrency deposits from within Trust Wallet, you should be aware that when finalizing the transfer on Binance, blockchain network fees apply. These fees are not determined by Trust Wallet or Binance, but are paid to network participants who process the transactions. Neither Binance nor Trust Wallet receives these fees.