Convert ETH ERC20 to BEP20: A Detailed Guide for Trust Wallet Users
Are you looking to convert your Ethereum (ETH) ERC20 tokens to Binance Smart Chain (BSC) BEP20 tokens using Trust Wallet? If so, you’ve come to the right place. This comprehensive guide will walk you through the entire process, ensuring a smooth and secure conversion. Whether you’re new to cryptocurrency or a seasoned investor, this step-by-step guide will help you navigate the conversion process with confidence.
Understanding ERC20 and BEP20 Tokens
Before diving into the conversion process, it’s essential to understand the differences between ERC20 and BEP20 tokens.
| Feature | ERC20 | BEP20 |
|---|---|---|
| Blockchain | Ethereum | Binance Smart Chain |
| Smart Contract Standard | ERC20 | BEP20 |
| Transaction Speed | Slower | Faster |
| Transaction Fees | Higher | Lower |
ERC20 tokens are built on the Ethereum blockchain, while BEP20 tokens are built on the Binance Smart Chain. The primary differences between the two are transaction speed and fees. BEP20 tokens offer faster transaction speeds and lower fees compared to ERC20 tokens.
Setting Up Trust Wallet
Before you can convert your ETH ERC20 tokens to BEP20, you’ll need to set up a Trust Wallet account. Follow these steps to create your Trust Wallet account:
- Download the Trust Wallet app from the App Store or Google Play Store.
- Open the app and tap “Create Wallet.” Choose a strong password and write down your 12-word recovery phrase. Keep this phrase safe and secure, as it’s the only way to recover your wallet if you lose access to your device.
- Once your wallet is created, you’ll be prompted to scan a QR code to add your Ethereum wallet. If you already have an Ethereum wallet, you can skip this step.
Adding Ethereum (ETH) to Your Trust Wallet
Now that you have your Trust Wallet set up, you’ll need to add Ethereum (ETH) to your wallet. Here’s how to do it:
- Open the Trust Wallet app and tap the Ethereum (ETH) icon.
- Tap the “+” icon in the top right corner to add ETH to your wallet.
- Enter the amount of ETH you want to add and tap “Send.” You’ll be prompted to enter your password and confirm the transaction.
Converting ETH ERC20 to BEP20
Now that you have ETH in your Trust Wallet, you can convert it to BEP20 tokens. Here’s how to do it:
- Open the Trust Wallet app and tap the “Swap” icon.
- Select “ETH” as the input token and “BEP20” as the output token.
- Enter the amount of ETH you want to convert and tap “Swap.” You’ll be prompted to enter your password and confirm the transaction.
- Review the transaction details, including the output token, amount, and fees. Once you’re ready, tap “Confirm Swap.” You’ll be redirected to the Binance Smart Chain network to complete the transaction.
- Follow the on-screen instructions to complete the transaction. You’ll need to sign the transaction using your Trust Wallet app.
- Once the transaction is confirmed, your BEP20 tokens will be credited to your Trust Wallet.
Verifying Your BEP20 Tokens
After the conversion process is complete, it’s essential to verify that your BEP20 tokens have been successfully credited to your Trust Wallet. Here’s how to do it:
- Open the Trust Wallet app and tap the BEP20 token you just converted.
- Review the token balance to
