How to transfer funds from a trust wallet to Binance and from Binance to a trust wallet [step by step].

The evolution of currency from the early days has created a dramatic transformation in the mode of transaction in the 21st century. Currency has moved from coin to paper to electronic, where you can use the ATM to convert your electronic money to physical cash. Now a major transformation has been introduced that really changes the narrative entirely; this is what is called cryptocurrency.

 

Cryptocurrency is a kind of currency that exists in the computer space. This form of currency existed through programming, which implies that it is based on programming commands. Although cryptocurrency has not really recorded a wide spread of exchange means, many have been subject to trading and transferring their funds from one wallet to another before converting them into physical cash.

 

Many of these transfers are done with a contract address. The contract address is a piece of programming that indicates the location of the particular token where the fund will move. It's important to know that many of these tokens and coins have different contract addresses to operate with.

 

We can overemphasize that the movement of funds from one blockchain wallet to another in crypto trading is leveraged by the programming that was given to you in the computer space. Nevertheless, many traders have lost their funds based on the wrong contract addresses or a lack of an appropriate process of transfer from one blockchain to another.

 

Today I will be doing a pictorial analysis of how you can transfer funds from your trust wallet to Binance or from Binance to your trust wallet via Visa.

 

How to transfer from TrustWallet to Binance.

 

Open the Binance interface. You will be greeted with the image below. Go to the right side of the interface where you see the wallet and click on it.

1. After clicking on wallet, you will be greeted with an interface where you will have overview, spot, funding, earning, and margin. Click on the spot.

   

   
   
2. When you click on spot, you see something like this. Click on the search icon to search for the kind of coin you want to transact with.
   
   
   
3. After clicking, it will spread open, and you can then type the name of the coin you want to buy. In the image, I use BNB as a case study, you will type BNB on the search icons, but it is more advisable if you want to transfer funds from one blockchain to another and use the coin of the host blockchain.
   
   
   
4. You click on the BNB
   
   
   
5. Once you click on Binance, this interface below will show. Click on the deposit icon, which implies you are sending money from another blockchain to Binance. Deposits mean you are sending money in.
   
   
   
   
   
   
   
6. An interface like this will appear when you click deposit. At this point, be very careful so you don't choose the wrong smart chain. Since we are using BNB, it is important that we choose smart chains from BNB. You should choose the [BEP20] because it has more confirmed deposits.
   
   
   
7. When you click BEP20 smartchain, you will have this type of interface. The next thing you should do is copy those numbers, which are the contract addresses, by clicking what I circled in the red circle.
   
   
   
8. After you have copied it, the next thing is to proceed to your trust wallet. Since we are moving funds from our trust wallet to Binance and the coin we are using is the BNB, at this point it is believed you have a BNB fund in your trust wallet that you want to move to Binance blockchain. In your trust wallet, search for BNB and click on it.
9. You have something like this open for you when you click BNB. Click on the send arrow.
   
   
   
10. You will see this type of interface. Paste the contract address you copied from Binance Blockchain in the first empty bar where you have ADDRESS or DOMAIN NAME, then go to amount. This is where you input the major amount you want to move to Binance Blockchain. Once you are done, click on Next. Then you get a confirmation of the transaction on your Binance account after clicking next.
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    

How to transfer from Binance to TrustWallet.

 

1. Follow the first procedure where you search for the coin you want to use for a transaction on Binance. I still like to use BNB. Once you get the coin, click on it. You will be greeted with the interface below. Since we are transferring to TrustWallet from Binance, you will click on withdrawal instead of deposit.
   
   
   
2. After clicking on withdrawal, you will see this kind of interface, where you will see “send via crypto network” and “send via email, phone, or ID.”. Click on “send via crypto network” and neglect the other.
   
   
   
3. Go to your trust wallet and click on the coin you want to use for the transaction. Here I will be using BNB [binance coin]. Click on the coin. When you click on the coin, you will see the kind of interface you see below. Click on Received since we are transferring from Binance to TrustWallet.
   
   
   
4. You have this interface pop up; click on the copy, which is the contract address of the coin you want to receive from the Binance blockchain.
   
   
   
5. Go back to your Binance blockchain network, where you earlier saw “send via crypto network.” Click on “send via crypto network.”.
6. You have this interface after clicking it; this is where you have to input the trust wallet contract address you copied. You input it where you see ADDRESS. Then, where you have the network, click it and select BNB Smart Chain [BEP20], then input the amount you want to withdraw, then click withdraw. You immediately receive your coin on your trusted wallet platform.
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   

This is easy and seamless; follow the procedure and see yourself having easy transactions without losing your funds. In my next post, I will be showing you how to run DEFI on TrustWallet.