Announcement

Collapse
No announcement yet.

Connecting Trust Wallet to Binance Smart Chain (BSC)

Collapse
X
Collapse
  •  

  • Connecting Trust Wallet to Binance Smart Chain (BSC)

    Learning how to access Binance Smart Chain is one of the easiest ways to interact with cryptocurrencies and DeFi projects. Trust Wallet is a great way to do it outside of a desktop browser, and it only takes a few minutes to set up.
    The Trust Wallet app is a mobile crypto wallet that doesn’t require registration. It’s available for iOS, Android, and Google Play users. Once installed, you can easily connect your wallet to DApps, including PancakeSwap, SushiSwap, and Beefy Finance.
    Trust Wallet isn’t just for BSC either. It also supports the Ethereum, POA Network, and Callisto blockchains, to name a few. In this guide, we will use PancakeSwap as an example, but the process is pretty much the same for most DeFi platforms out there.



    Installing and setting up Trust Wallet

    1. First, head to the Trust Wallet website and click the link for your desired OS.





    2. Install the app according to your specific device. After opening Trust Wallet, go ahead and click [Create a new wallet].





    3. You’ll now see a seed phrase. It acts as a recovery password in case you lose access to your mobile device or wallet. Keep a copy of it in a secure, secret place.





    4. After clicking [Continue], you’ll be asked to repeat your phrase in the correct order. This step is to ensure that you have copied or written down your seed phrase. Once you’ve input the words in the right order, click [Continue].





    5. You now should have successfully set up your crypto wallet, and you’ll find yourself on the [Wallet] tab.




    Depositing BNB into Trust Wallet

    To use Binance Smart Chain (BSC) DApps, you will need some Binance Coin (BNB) to pay your transaction fees. Every time you send tokens using BSC or interact with smart contracts, you’ll have to pay some gas.
    1. To use your BNB BEP-20 tokens for gas, your tokens must be sent using the BEP-20 transfer network. If you are withdrawing from Binance, make sure to choose the [BEP-20 (BSC)] option on the withdrawals page.





    2. To deposit your BEP-20 BNB, open up the [Wallet] tab on Trust Wallet and click [Smart Chain]. Do not click [BNB]. This option is for BEP-2 BNB on Binance Chain and cannot be used to pay transaction fees on BSC.





    3. Click the [Receive] button to find your deposit address. You can then copy and paste this address into your withdrawing wallet or scan the QR code.




    Adding new tokens to your Trust Wallet list


    After installing Trust Wallet, your default list of tokens and crypto is quite small. For example, let’s suppose you want to add CAKE to your list to make it visible in your Trust Wallet.

    1. Open the [Wallet] tab and click the icon in the top right corner.





    2. Search for the token you want to add to your list and click the toggle button, so it turns green. In this example, we’re adding CAKE (BEP-20), which is PancakeSwap’s token on Binance Smart Chain.





    3. Done. You’ll now see CAKE on your [Wallet] tab and any balance that you might have.









    Connecting Trust Wallet to PancakeSwap


    There are a couple of ways you can connect your wallet to PancakeSwap and other DApps. You can either connect through the Trust Wallet mobile browser or on a desktop. Both offer the same functionality, so it comes down to your preference.



    Connecting with the Trust Wallet browser


    1. If you’re using the Trust Wallet DApp browser, head to the PancakeSwap website and tap the [Connect] button in the top right corner.

    2. Select [Trust Wallet] to connect your wallet to PancakeSwap.





    3. If you have connected successfully, you should see your wallet ID in the top right corner.




    Connecting with a desktop browser


    1. Head to the PancakeSwap desktop website and click [Connect] in the top right corner.

    2. Click [WalletConnect] to start the connection process. Currently, the [Trust Wallet] button only works when using the Trust Wallet browser.





    3. A QR code will appear, which is scannable with the Trust Wallet app. Head to the [Settings] of the app tab and click [WalletConnect]. Scan the QR code displayed on PancakeSwap and click [Connect] in Trust Wallet.





    4. If you have successfully connected, PancakeSwap should show you the beginning of your wallet ID in the top right corner.




    Closing thoughts


    Trust Wallet is one of the most popular mobile apps to use and has a vast range in the blockchains and tokens it supports. It also acts as a gateway into NFTs and the whole DeFi ecosystem, so getting to know your way around it is important. The steps outlined above apply to other DApps as well, so once you’ve got this down, you’re really good to go.
      Posting comments is disabled.

    Categories

    Collapse

    Article Tags

    Collapse

    Latest Articles

    Collapse

    • Ransomware Explained
      by defidex
      Ransomware is a type of malware (malicious software) that may present itself in a few different ways, affecting individual systems as well as networks of businesses, hospitals, airports, and government agencies.

      Ransomware is being constantly improved and is getting more and more sophisticated since the first registered occurrence, in 1989. While simple formats are, typically, non-encryption ransomware, modern ones make use of cryptography methods in order to encrypt files, making them...
      10-01-2021, 09:38 AM
    • What Is Phishing?
      by defidex
      Phishing is a type of cyber attack where a malicious actor poses as a reputable entity or business in order to deceive people and collect their sensitive information - such as credit card details, usernames, passwords, and so forth. Since phishing involves psychological manipulation and relies on human failures (instead of hardware or software) it is considered a type of social engineering attack.

      Typically, phishing attacks make use of fraudulent emails that convince the user to enter...
      10-01-2021, 09:35 AM
    • What Is BNB?
      by defidex
      BNB powers the Binance Ecosystem and is the native coin of the Binance Chain and the Binance Smart Chain. BNB has several use cases:
      • Pay for trading fees on the Binance exchange;
      • Pay for trading fees on Binance DEX (Decentralized Exchange);
      • Pay for transaction fees on the Binance Chain;
      • Pay for transaction fees on the Binance Smart Chain;
      • Pay for goods and services for both online and in-store purchases (e.g., using Binance Card or Binance Pay);
      • Book hotels, flights and more at Travala.com;
      • Community
      ...
      10-01-2021, 09:34 AM
    • What Is a Stop-Limit Order?
      by defidex
      A stop-limit order combines a stop-loss order and a limit order. Stop-limit orders allow traders to set the minimum amount of profit they’re happy to take or the maximum they’re willing to spend or lose on a trade. Once you set a stop-limit order and the trigger price is reached, a limit order will be placed automatically, even if you are logged out or offline. You can strategically place stop-limit orders by considering resistance and support levels and the asset’s volatility.

      ...
      09-28-2021, 12:02 PM
    • What Is a Limit Order?
      by defidex
      A limit order is an order that you place on the order book with a specific limit price. The limit price is determined by you. So when you place a limit order, the trade will only be executed if the market price reaches your limit price (or better). Therefore, you may use limit orders to buy at a lower price or to sell at a higher price than the current market price.

      Unlike market orders, where trades are executed instantly at the current market price, limit orders are placed on the...
      09-28-2021, 11:59 AM
    • What Is a Market Order?
      by defidex
      A market order is an order to quickly buy or sell at the best available current price. It needs liquidity to be filled, meaning that it is executed based on the limit orders that were previously placed on the order book.
      Unlike limit orders, where orders are placed on the order book, market orders are executed instantly at the current market price, meaning that you pay the fees as a market taker.How to use it?

      Let’s say you want to create a market order to buy 2 BNBs. After logging...
      09-20-2021, 11:47 AM
    Working...
    X