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A Guide to Connecting Trust Wallet to Binance Smart Chain (BSC)

In this guide, we will teach you how to start using Trust Wallet and get you set up! We will use Binance as our Central Exchange and the Binance Smart Chain as our example. It will also be noted that you can use this guide for any other network as well as an exchange you would like to use!

Introduction #

Trust Wallet app is a mobile crypto wallet. It is available on Android, iOS, and Google Play. Your wallet can be easily connected to DApps such as PancakeSwap, SushiSwap, and Beefy Finance once it is installed.

One of the easiest ways to interact with cryptocurrencies and DeFi projects is to learn how to access Binance Smart Chain. Trust Wallet is an easy way to do it without using a desktop browser, and setting it up only takes a few minutes.

Trust Wallet isn’t just for BSC. In addition, it supports the Ethereum, POA Network, and Callisto blockchains. For this guide, we’ll use PancakeSwap as an example, but the process is pretty much the same for most DeFi platforms.

Installing and setting up Trust Wallet #

1. First, head to the Trust Wallet website and click the link for your desired OS.

2. Download the app according to your device. Then click the [Create a new wallet] button after opening Trust Wallet.

3. You’ll see a seed phrase now. You can use it to recover access to your mobile device or wallet if you lose it. Store a copy of it in a safe, secret place.

4. Clicking [Continue] will prompt you to repeat your phrase in the correct order. Please make sure that you’ve copied your seed phrase. After you have entered the words in the right order, click [Continue].

5. After setting up your crypto wallet, you should see the [Wallet] tab.

Depositing BNB into Trust Wallet #

Binance Smart Chain (BSC) DApps require Binance Coin (BNB) for transaction fees. Gas will be charged every time you send tokens using BSC or interact with smart contracts.

1. You must use the BEP-20 transfer network to send your BNB BEP-20 tokens for gas. On the withdrawals page, you should select the [BEP-20 (BSC)] option if you are withdrawing from Binance.

2. In Trust Wallet, click [Smart Chain] on the [Wallet] tab to deposit your BEP-20 BNB. Avoid clicking [BNB]. This option is for BEP-2 BNB on Binance Chain and cannot be used to pay transaction fees on BSC.

3. Find your deposit address by clicking the [Receive] button. This address can then be pasted into your withdrawing wallet or scanned with a QR code.

Adding new tokens to your Trust Wallet list #

Your default list of tokens and cryptos is quite small after you install Trust Wallet. Say you want to make CAKE visible in your Trust Wallet by adding it to your list. 

1. In the top right corner click the [Wallet] icon.

2. Click the toggle button next to the token you want to add to your list, so it turns green. We’re going to add CAKE (BEP-20), PancakeSwap’s token on Binance Smart Chain.

3. Done! You’ll now see CAKE on your [Wallet] tab and any balance that you might have.

You can do this again for any token in the BEP-20 Network or any other token in other networks that is recognized in Trust Wallet!

Updated on December 19, 2021
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*Paid Advertisement. Not financial advice. RugDoc is not responsible for the projects showcased here. DYOR and ape safu.

Our mission here at RugDoc is to screen for hard rug code that results in 100% theft of ALL underlying funds for ALL participants.

This is the ONE part of the due diligence process that most people cannot simply do on their own as it costs thousands of dollars to hire a senior solidity developer to look over a farm for safety.

A project coin with terrible code can go up in price, and a project with good code and a good team can also go down in price.

Do NOT use our ratings to refer to your likelihood in making money if you invest in the project. They are ONLY in reference to code safety.

Everything else beyond code safety is YOUR responsibility to go do research on. We just make sure the casino you’re betting in won’t rob you before you even get to place a bet.

Our reviews for projects are organized into a few colors.

🟢 Least Risk
These projects are the least likely to hard or soft rug. Usually reserved for cornerstone projects of an ecosystem where it makes no financial sense for them to rug in any manner as they make more money just being legit.

🔵 Low Risk
These projects are usually established projects in an ecosystem that have a track record of success or have KYC’d to us or other authoritative sources in the real world. As a result, it is extremely unlikely for them to soft rug or hard rug their projects. The projects can still fail and the token price can go down, but usually more as a result of natural market forces.

⚪️ Some Risk
This is the default rating for projects with unknown teams but have code that is unlikely to have hard rug risk. Since the team is unknown and doesn’t have a track record of success, it’s entirely possible that they may try to soft rug by dumping tokens, abandoning the project, etc. Even a last minute contract swap to a malicious contract is possible. The only thing that is unlikely is a complete hard rug as long as you are 100% sure you deposit into the contract we review.

🟠 Medium Risk
Similar to Some Risk, but the underlying code itself is custom enough or complex enough that it warrants an elevated risk rating that needs deeper research. Make sure you read every point presented to make sure you’re comfortable with that before entering. Still unlikely to hard rug, but more chances of custom code behaving incorrectly and causing other issues.

🔴 High Risk
Project contains code or practices that are HIGHLY LIKELY to lead to catastrophic losses as they are right now. Make sure you read the description carefully as we will always warn what these issues are. If you see the words Hard Rug anywhere in the review, STAY FAR AWAY!

⚫️ Not Eligible
We reserve the right to not review exceedingly complex projects that would require tens of thousands of dollars of senior security analyst man hours. Typically these are projects that deal with leverage, lending, options, derivatives, and anything that is overly complex and which requires tons of peer reviews and audits from top audit companies.

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1️⃣ Use #update at @RugDocChat with your description and proof of changes and it will be forwarded to our scanners.

2️⃣ This does not guarantee a change in your review.

3️⃣ Owners who have difficulty solving the issues can consider our Consultation Package - please contact @BaymaxCrypto on Telegram to discuss.