The new browser extension lets users store, send and receive crypto across all EVM chains and Solana. 6820 Total views 41 Total shares
Following the collapse of FTX and the bank run on crypto exchanges in general, the self-custody Trust Wallet is gaining momentum. In one week, the company launched its long-anticipated browser extension and collaborated with Binance Pay and Coinbase Pay, whose users can now transfer their funds directly to a Trust Wallet account.
The browser extension was launched on Nov. 14 and is now available in Google Chrome and Opera. The extension lets users store, send and receive crypto across all Ethereum Virtual Machine (EVM) chains and Solana. A network auto-detect function provides users with a seamless DApp experience without the need to manually add networks.
The extension also includes multi-wallet support, NFT support, fiat on-ramp providers, and non-EVM blockchain integrations, as well as hardware wallet support.
On Nov. 16, the world’s biggest crypto exchange, Binance, reported the launch of Binance Pay’s Trust Wallet integration. Now, Binance users won’t have to scan or input a wallet address, having their Trust Wallet among the direct withdrawal options, and it won’t cost anything above the blockchain gas fees. At the time of publication, the function is supported solely on the Trust Wallet app’s Android version, but Binance said the iOS version would arrive “soon.”
The same integration will work with Coinbase Pay. According to Bipul Sinha, group product manager at Coinbase, an ability for users to easily fund their self-custody wallet or DApps corresponds with the company's mission to "build a bridge to Web3."
Related: 3 barriers preventing Web3 mass adoption — Trust Wallet CEO
Earlier, Binance CEO Changpeng Zhao publicly endorsed Trust Wallet, stating that “self-custody is a fundamental human right.” The move comes as no surprise, given that Binance owns the U.S.-founded wallet provider since 2018.
As of Nov. 15, Trust Wallet Token (TWT) has surged by nearly 150% in six days, bucking the downturn in the cryptocurrency market, whose net capitalization has crashed by almost $100 billion in the same period. Meanwhile, the token’s trading volume has soared from 279 million TWT to 593.25 TWT in the same period, showcasing the market’s conviction in this uptrend.
Last updated: Nov 24, 2022 • 5 min read
Get 5% rebate on crypto trades with Binance
Trust Wallet has become one of the best crypto wallets to manage your assets. All your funds are stored within a decentralized, safe space that you can connect to other sites as well.
In the case of Coinbase, we are talking about the second largest exchange in the world, just behind Binance.
So, imagine that you want to move some coin funds from Trust Wallet to Coinbase because you want to access the trading features of the exchange - how do you do it?
Today, we’ll show you the research we have done about the following topics:
- How to transfer crypto from Trust Wallet to Coinbase;
- Things to consider before you transfer from Trust Wallet to Coinbase;
- Step-by-step guidance during the transfer process so you can do it with accuracy.
What to Know Before You Transfer Crypto from Trust Wallet to Coinbase
Although both Trust Wallet and Coinbase are pretty intuitive, there are three things you should know before you transfer cryptocurrency from one platform to another:
- You have to copy the specific address of the coin you want to withdraw on Coinbase. If you fail to use the correct deposit address, you might end up losing all your coins, and, therefore, your money;
- Trust Wallet fees are among the lowest around, but you need to pay a Coinbase network fee if you want to withdraw the coins out of the exchange;
- You can withdraw from Trust Wallet all the coins you want, but some coins won’t be compatible with Coinbase. For instance, BNB, which runs in the Binance Smart Chain, will require you to send money to a Binance Wallet only. In this case, you must use the Binance App as a bridge between your Trust Wallet and Coin Base accounts, which might be troublesome.
How to Transfer Crypto from Trust Wallet to Coinbase
Whether you added money to Trust Wallet and now want to sell your coins on a big exchange, transferring assets from one platform to another is quite easy.
It works like transferring from Crypto.com to Trust Wallet, so the principle is the same: you have the recipient address, and you use it for transferring crypto.
Visit the aforementioned link to learn more.
Step 1: Log In to Your Coinbase Account
First things first - sign in to your Coinbase account. Since you will be moving your funds from Trust Wallet to Coinbase, we recommend you log in from the website.
You can also open the website on a mobile browser if you please.
Step 2: Copy Your Coinbase Wallet Address
Once you set up Coinbase, you will be able to start a transaction whenever you want.
You need to find your Coinbase wallet address. This withdraw address will be used to move an asset from one location to another.
So, go to Coinbase’s website main menu. There, you will see a lot of options.
Then, look for the crypto you want to send from Trust Wallet and tap on “Receive.” This is the first step to moving your crypto out of Trust Wallet to Coinbase.
You need to select the Coinbase Wallet of the specific crypto you want to see. For example, let’s say that you want to transfer USDT.
Search for your USDT address on Coinbase, copy it, and continue the process.
Step 3: Open the Trust Wallet App
Once you have your Coinbase wallet USDT address ready, go to the Trust Wallet app on your mobile device.
It is worth noting that a QR code can also be used during this process, which can save you some time.
Step 4: Select “Send” On the Crypto Asset You Want to Send
After you open Trust Wallet, you need to transfer the crypto by tapping on the option that says “Send.”
Then, scroll down until you find the specific crypto you want to send to Coinbase.
Step 5: Paste the Coinbase Address and Confirm the Transaction
Check your balance, select the transaction details, and then paste the Coinbase wallet address.
Before you transfer any kind of asset from Trust Wallet to Coinbase, you must double-check that the deposit address is alright.
If everything seems fine, tap on “Confirm” and that will be all! The coins should appear on your account after a while.
Why Can’t I Transfer from Trust Wallet to Coinbase?
Perhaps you are trying to send a coin that cannot be directly transferred into Coinbase, such as BNB.
Since this problem mostly happens with users trying to send BNB to Coinbase from Trust Wallet, you must do the following:
- Find your BNB smart chain address on the Binance app;
- Paste this Binance wallet on the “Send” section of Trust Wallet;
- Move each BNB coin to Binance, and, on the exchange, swap BNB for Ethereum or another Coinbase-compatible coin;
- Find your Coinbase wallet number and paste it into Binance;
- Then, transfer the coin from Binance to Coinbase. Check each fee before confirming the wallet transaction on your account.
In the case of coins such as BNB, the transfer process will be a little more difficult, but it’s still manageable. Get more crypto information here, at GrowFollowing.
FAQ
Is Trust Wallet Token Compatible with Coinbase?
No. The Trust Wallet token is NOT compatible with Coinbase. Therefore, you would need to swap it for a Coinbase-compatible one before you transfer it to your wallet.