How to Swap USDT ERC20 to BNB on Trust Wallet: A Detailed Guide
Swapping cryptocurrencies on Trust Wallet can be a straightforward process, especially when you want to convert USDT ERC20 to BNB. This guide will walk you through the entire process step by step, ensuring a smooth and secure transaction.
Understanding the Process
Before diving into the swap process, it’s essential to understand the basics. USDT ERC20 is a stablecoin that operates on the Ethereum network, while BNB is the native token of the Binance Smart Chain. The swap involves converting your USDT ERC20 tokens to BNB using a decentralized exchange (DEX) on Trust Wallet.
Step 1: Install Trust Wallet
Ensure that you have Trust Wallet installed on your smartphone. You can download it from the Google Play Store or Apple App Store. Once installed, open the app and create a new wallet or import an existing one.
Step 2: Add USDT ERC20 and BNB Tokens
Within the Trust Wallet app, navigate to the “Tokens” section. Here, you can add the USDT ERC20 and BNB tokens to your wallet. To add USDT ERC20, search for “Tether” and select the ERC20 version. For BNB, simply search for “Binance Coin” and add it to your wallet.
Here’s a table showing the contract addresses for both tokens:
Token | Contract Address |
---|---|
USDT ERC20 | 0xdAC17F958D2ee523a2206206994597C13D831ec7 |
BNB | 0xB8c77482e45F1F44dE1745F52C74426C631bDD52 |
Step 3: Navigate to the Swap Feature
Once you have both tokens in your Trust Wallet, navigate to the “Swap” feature. This can usually be found in the main menu or by tapping the three lines in the upper left corner of the app.
Step 4: Select the Tokens for Swap
In the swap feature, you will see a list of supported tokens. Select USDT ERC20 as the token you want to swap from and BNB as the token you want to swap to.
Step 5: Enter the Amount
Enter the amount of USDT ERC20 you wish to swap. The app will automatically calculate the estimated amount of BNB you will receive. Make sure to double-check the amount before proceeding.
Step 6: Review the Transaction Details
Before confirming the swap, review the transaction details. This includes the amount of tokens you are swapping, the estimated amount of tokens you will receive, and the transaction fee. If everything looks correct, proceed to the next step.
Step 7: Confirm the Swap
Tap the “Swap” button to confirm the transaction. You will be prompted to enter your wallet password or use biometric authentication. Once confirmed, the swap will be processed, and you will receive the BNB tokens in your Trust Wallet.
Step 8: Verify the Transaction
After the swap is complete, verify the transaction on the blockchain. You can do this by checking the transaction hash on the Ethereum or Binance Smart Chain explorer. This will ensure that the swap was successful and that you have received the BNB tokens.
Conclusion
Swapping USDT ERC20 to BNB on Trust Wallet is a simple and secure process. By following these steps, you can easily convert your tokens and take advantage of the benefits that BNB offers on the Binance Smart Chain.