How to Swap USDT TRC20 to USDT ERC20 on Trust Wallet: A Detailed Guide
Swapping cryptocurrencies can be a daunting task, especially if you’re new to the world of digital assets. One common swap involves converting USDT TRC20 to USDT ERC20 on the Trust Wallet. This guide will walk you through the process step by step, ensuring a smooth and secure transaction.
Understanding USDT TRC20 and USDT ERC20
Before diving into the swap process, it’s essential to understand the difference between USDT TRC20 and USDT ERC20.
Feature | USDT TRC20 | USDT ERC20 |
---|---|---|
Blockchain | TRON | Ethereum |
Transaction Speed | Fast | Slower |
Transaction Fees | Low | Higher |
Interoperability | Limited | High |
USDT TRC20 is a stablecoin built on the TRON blockchain, known for its fast transaction speeds and low fees. On the other hand, USDT ERC20 is a stablecoin built on the Ethereum blockchain, offering higher interoperability and potentially higher transaction fees.
Step-by-Step Guide to Swapping USDT TRC20 to USDT ERC20 on Trust Wallet
Now that you understand the difference between USDT TRC20 and USDT ERC20, let’s dive into the process of swapping them on Trust Wallet.
Step 1: Install Trust Wallet
First, ensure that you have the Trust Wallet app installed on your smartphone. You can download it from the Google Play Store or Apple App Store.
Step 2: Create or Import Your Wallet
Open the Trust Wallet app and create a new wallet or import an existing one. If you’re creating a new wallet, follow the instructions provided by the app. If you’re importing an existing wallet, enter your private key or mnemonic phrase.
Step 3: Add USDT TRC20 to Your Wallet
Once your wallet is set up, navigate to the “Tokens” section and search for USDT TRC20. Add it to your wallet by clicking on the “Add Token” button and entering the contract address (Tether: 0x0000000000045272474e8469747165747900000000).
Step 4: Add USDT ERC20 to Your Wallet
Repeat the process for USDT ERC20 by searching for it in the “Tokens” section and adding it to your wallet. The contract address for USDT ERC20 is 0xdAC17F958D2ee523a2206206994597C13D831ec7.
Step 5: Swap USDT TRC20 to USDT ERC20
Now that both tokens are in your wallet, navigate to the “Swap” section. Enter the amount of USDT TRC20 you want to swap and select USDT ERC20 as the destination token. Click on “Swap” to initiate the transaction.
Step 6: Confirm the Transaction
Review the transaction details, including the amount and fees, and confirm the swap. You may need to sign the transaction using your private key or biometric authentication, depending on your wallet settings.
Step 7: Wait for the Transaction to Be Processed
Once the transaction is confirmed, it will be processed on the Ethereum blockchain. The time it takes to complete the transaction can vary, but it typically takes a few minutes to a few hours.
Step 8: Check Your USDT ERC20 Balance
After the transaction is complete, navigate to the “Tokens” section in your Trust Wallet and check your USDT ERC20 balance. You should now have the equivalent amount of USDT ERC20 in your wallet.