How to Migrate Your Assets from Binance Wallet to Trust Wallet
In this guide, we’ll show you the simple process of migrating your crypto and NFTs from the Binance Extension Wallet (BEW) to the Trust Wallet Browser Extension. Support for the Binance Extension Wallet is being discontinued, so it’s important that you migrate as soon as possible. Before we get started, let’s have a quick look at what Trust Wallet is and some of the key benefits of migrating your assets.
What is Trust Wallet?
Trust Wallet, available as a mobile app and Chrome Extension, is a 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. Trust Wallet allows you to store and manage your crypto and NFTs, buy, sell, and stake crypto to earn rewards, access dApps securely and much more—all in one place.
Benefits of migrating your assets to Trust Wallet
Flexibility – more assets & networks supported
- Trust Wallet Browser Extension: Support for 10M+ assets across multiple blockchain networks including Bitcoin, Ethereum & all EVM, Solana, Cardano, BNB Beacon Chain & BNB Smart Chain, Cosmos, Polkadot, Algorand, Base and many more.
- Binance Extension Wallet: Supports Ethereum, BNB Beacon Chain & BNB Smart only.
Easier to use – manage assets with ease
- Trust Wallet Browser Extension: View and manage all your assets seamlessly. No need to switch networks or use multiple wallets.
- Binance Extension Wallet: View assets on one network at a time. You need to switch networks to view more assets.
More options – Explore thousands of Web3 dApps
- Trust Wallet Browser Extension: With many more blockchains supported, it’s easy to explore dApps seamlessly across ecosystems.
- Binance Extension Wallet: Limited network/dApp support.
More in-app features
- Trust Wallet Browser Extension: In addition to exploring more dApps, you can earn crypto seamlessly via the extension, enjoy a more feature-rich NFT experience, access developer settings, and much more.
- Binance Extension Wallet: In-app features are limited.
More flexibility when buying crypto
- Trust Wallet Browser Extension: Buy assets including BTC, ETH, SOL, BNB, BCH, DOT and many more via more third-party providers, which include MoonPay, Ramp, and more.
- Binance Extension Wallet: You can only buy a few crypto assets via MoonPay.
Get updates
- Trust Wallet Browser Extension: Regular security and feature updates.
- Binance Extension Wallet: Will not have regular security and feature updates because the app is being discontinued.
On top of these benefits, Trust Wallet has a world of features that make exploring Web3 safe and simple. Connect your hardware wallet, manage multiple wallet addresses, and much more. Plus, new features are added to the Trust Wallet Browser Extension regularly. Learn more about the Trust Wallet Extension here.
Migrating your assets from the Binance Extension Wallet (BEW) to the Trust Wallet Browser Extension
This migration guide will cover three key parts of migrating your assets.
- Installing the Trust Wallet Browser Extension
- Obtaining your secret phrase (seed phrase) from the Binance Extension Wallet
- Importing your secret phrase (seed phrase) into the Trust Wallet Browser Extension
Note: Trust Wallet has both a mobile app and browser extension – and you could use either to migrate your assets. In this example, we’ll import the secret phrase from your BEW over to the Trust Wallet Extension.
Let’s get started!
1. Install the Trust Wallet Browser Extension
Be sure to install the latest version of the Trust Wallet Browser Extension if you haven’t already. Then proceed to the next step.
2. Obtain your secret phrase (seed phrase) from the Binance Extension Wallet (BEW)
Note: Do not share your secret phrase with ANYONE, even customer service agents!
- Open the BEW and enter your password to unlock the wallet.
- Select your account icon in the top right corner.
- Choose “Settings”.
Note: We encourage you to do these steps in a secure location in order to protect your seed phrase.
- Choose “View Seed Phrase”.
- Enter your password and select “Next”.
- Note down your seed phrase or copy it for the next step.
3. Import your secret phrase into the Trust Wallet Browser Extension
Now that you have your secret phrase (seed phrase), it’s time to enter it into your Trust Wallet Browser Extension.
- Open the Trust Wallet Browser Extension.
- Create a secure password.
- Paste in your seed phrase (secret phrase) and select “Next”.
- Follow any remaining instructions and then open your wallet when promoted.
And that’s it! You’ve migrated your assets from the Binance Extension Wallet to the Trust Wallet Browser Extension.
Frequently asked questions
Is the Trust Wallet Extension the new version of the Binance Extension Wallet?
No, the Trust Wallet Extension is a totally different product. We highly encourage you to migrate your assets as soon as possible to ensure you can continue to safely access and use them.
Can I connect a hardware wallet to the Trust Wallet Extension?
Yes, you can connect a hardware wallet to the Trust Wallet Extension. For more information on how to connect your hardware wallet, check out this support article.
Does Trust Wallet have the same features and functionality as the Binance Wallet?
The Trust Wallet Browser Extension has similar features to the Binance Wallet, plus many more. It supports more blockchains, allows you to earn on your crypto via third-party providers, manage your NFTs and much more. Learn more about the Trust Wallet Extension here.
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A Step-by-Step Guide to Transfer BNB from Binance to Trust Wallet
The Binance ecosystem stands as one of the most rapidly expanding domains in the world of cryptocurrencies, hosting a myriad of tokens and assets deployed daily on the BNB Smart Chain by developers.
Much like the Ethereum blockchain, which necessitates the use of Ether (ETH) to trade assets within its ecosystem, the Binance Smart Chain operates similarly but employs Binance Coin (BNB) as its native currency.
If your aim is to acquire tokens or assets on the Binance Smart Chain via decentralized exchanges like PancakeSwap, you’ll need BNB. One of the most cost-effective methods for acquiring BNB, especially when circumventing higher fiat currency conversion fees, is to purchase it directly on Binance and subsequently transfer the coins to your other crypto wallets, such as Trust Wallet.
In this article, we’ll guide you through the process of transferring BNB from your Binance account to your Trust Wallet with minimal transaction fees.
Step 1: Launch Your Trust Wallet and Access BNB (BNB)
Begin by opening your Trust Wallet app and selecting the BNB (BNB) option.
Step 2: Copy Your Trust Wallet BNB Address
Within Trust Wallet, tap the “Copy” button to swiftly copy your unique BNB address to your device’s clipboard.
Step 3: Access Your Binance Account and Navigate to the Wallet Tab
Log in to your Binance account and go to the “Wallet” tab.
Step 4: Initiate a Withdrawal
Under the Wallet tab, click on “Withdraw.”
Step 5: Select BNB from Your Available Balances
Choose BNB from the list of available balances.
Step 6: Paste Your Copied BNB (BNB) Address and Specify the Transfer Amount
Paste the previously copied BNB address into the recipient field. The network should be automatically selected by Binance based on the pasted address. Do not make changes to this field. Leave the MEMO field empty. Trust Wallet BNB addresses do not require a MEMO.
Step 7: Input the Desired Amount of BNB or Opt for the Maximum
Specify the amount of BNB you wish to transfer or select “Max” to send all available BNB in your account.
Step 8: Initiate the Withdrawal
Click on “Withdrawal.” You may encounter a dialog stating, “You did not fill in MEMO. Please confirm that the receipt address does not need to fill in MEMO, digital ID, or remark.” In this case, simply click on “Submit” as Trust Wallet BNB addresses do not necessitate a MEMO for receiving BNB.
Step 9: Verify the BNB Address for Accuracy
Double-check the recipient BNB address to ensure it’s correct for added security. Click “Confirm” to proceed. Complete 2-Step Verification and Await Transaction Approval
Follow the 2-step verification process to approve the transaction. Subsequently, wait for the withdrawal to be processed. The processing time depends on the current network load of the BSC network, typically taking anywhere from 3 to 15 minutes to complete.
Step 10: Refresh Your Trust Wallet App
Afterward, refresh your Trust Wallet app to view your updated BNB balance.
With this guide, transferring BNB from your Binance account to your Trust Wallet becomes a straightforward process, minimizing fees and ensuring the safe transfer of your assets.
Инструкция по выводу средств с Binance на криптовалютный кошелек Trust Wallet
Для начала необходимо сĸачать приложение Trust Wallet, которое можно найти в App Store или на официальном сайте, если у вас Android. После установĸи приложения необходимо нажать на «Создать новый ĸошелеĸ».
Вам покажут 12 английсĸих слов, ĸоторые идут в определенном порядĸе. Эти слова — ваш пароль ĸ ĸошельĸу.
Если вы потеряете эти 12 слов в строгой последовательности — потеряете доступ ĸ ĸошельĸу навсегда.
Обязательно перерешите их на бумагу и спрячьте в надежном месте. После того, ĸаĸ вы записали слова — приложение попросит расположить их в нужном порядĸе, чтобы убедиться что вы точно их записали.
После их расстановки в нужном порядке ваш кошелек будет создан!
2) Пополнение через перевод с Binance
Для этого нам надо иметь на спотовом кошельке Binance монету BNB, или приобрести ее.
В первую очередь надо скопировать наш адрес кошелька Trust Wallet, который мы будем пополнять. Для этого открываем Smart Chain, нажимаем «Получить» и нажимаем на кнопку «Скопировать».
После этого переходим в Binance, открываем свой спотовый кошелек, выбираем монету BNB и нажимаем «Вывод».
В поле адрес мы вставляем скопированный ранее адрес из Trust Wallet, ОБЯЗАТЕЛЬНО выбираем сеть Binance Smart Chain (BEP20), вводим количество и подтверждаем перевод.
Чаще всего перевод занимает всего несколько минут.
Готово! Вы перевели средства с Binance на Trust Wallet.
Еще больше полезностей в нашем закрытом телеграмм-канале