Home
>
Blog
>
Guides
>
How to Buy BNB Using Trust Wallet: A Visual Guide
Guides
Published on: Nov 22, 2023
Share post
In Brief
Learn how to buy BNB using Trust Wallet with our step-by-step visual guide. Also discover the technological features of BNB, as well as how to buy and sell BNB using Trust Wallet.
If you're curious about how to buy crypto assets like BNB in a straightforward manner, you've landed on the right page. In this guide, we'll walk you through purchasing BNB using Trust Wallet, a highly secure, self-custody crypto wallet and Web3 gateway trusted by millions.
What is Trust Wallet?
Trusted by over 70 million users worldwide, Trust Wallet is more than just a simple-to-use crypto wallet—it's your open gateway to the Web3 world. Built on our core values of financial freedom, strong security, and user-friendly design, we're on a mission to build a seamless Web3 hub and open ecosystem for everyone. Buy crypto, swap tokens, stake to earn rewards, and so much more. Whether you're a beginner or an expert, Trust Wallet empowers you to fully own, control, and leverage your digital assets.
With key features like the Trust Wallet Security Scanner and support for 10+ million digital assets across 100+ blockchains, you can explore and access opportunities in Web3 with confidence. Trust Wallet is available as a mobile app on Apple iOS and Android, and also as the Trust Wallet Chrome Extension for desktops.
What is BNB?
BNB, is the native cryptocurrency of the Binance ecosystem, one of the world's largest cryptocurrency exchanges. It was rebranded from Binance Coin to BNB to reflect its expanding utility beyond just the Binance platform. BNB is used for various purposes within the Binance ecosystem, including transaction fee discounts, token sales participation, and more. It also plays a crucial role in the broader blockchain and DeFi ecosystems, functioning in various dApps, decentralized exchanges, and blockchain games.
The BNB ecosystem is supported by two main blockchain networks: the BNB Smart Chain and the BNB Beacon Chain. The BNB Smart Chain is a blockchain network that enables smart contract functionality and compatibility with the Ethereum Virtual Machine (EVM). This chain is known for its high performance, low transaction fees, and robust cross-chain compatibility, making it a popular choice for developers looking to build scalable decentralized applications. The BNB Smart Chain operates alongside the BNB Beacon Chain, but with a focus on smart contract execution and dApp support.
On the other hand, the BNB Beacon Chain primarily focuses on managing BNB's staking and governance aspects. This chain does not support smart contracts, but it plays a vital role in ensuring the security and governance of the BNB ecosystem. It allows users to stake BNB tokens to participate in network governance and earn staking rewards. The dual-chain architecture of BNB Smart Chain and BNB Beacon Chain provides a unique combination of high-throughput trading and powerful decentralized application capabilities, making the BNB ecosystem versatile and appealing to a wide range of users and developers.
Learn more about BNB:
How to buy BNB using Trust Wallet
How to stake BNB and earn rewards
Learn about the opBNB Layer 2 blockchain
Before You Get Started - Create an BNB Wallet
Before we delve into the steps for buying BNB via Trust Wallet, you'll first need to set up a BNB Wallet if you haven't already. Trust Wallet can be downloaded as a mobile app, or you can install the Trust Wallet Extension for your desktop browser. For this guide, we'll focus on creating a new wallet using the Trust Wallet mobile app.
Step 1: Get the most updated version of Trust Wallet
Below you’ll see the steps to create a new BNB wallet, but you could just as easily import an existing Web3 wallet to Trust Wallet, if that’s your preference.
To create a new wallet:
Download, install and then open Trust Wallet
Choose “Create a new wallet”.
Choose your backup option, or you can optionally postpone the backup process by choosing “Skip”.
Start using Trust Wallet.
Step 2: Buy crypto using your Trust Wallet
If you’re wondering where to buy BNB, Trust Wallet makes the process very simple. Here’s how.
Locate BNB using the search bar, or select the Buy button.
Choose BNB, select the buy option, and enter the amount you wish to purchase.
Select the third party provider & payment method you’d like to use.
Select “Buy BNB”, and then follow the steps to complete the purchase.
Frequently Asked Questions
Where can I buy BNB
One of the easiest ways to buy BNB is by using a Trust Wallet. You can use the wallet app to choose from a number of third party providers and payment methods in order to purchase BNB and safely store it. Simply open Trust Wallet, choose “Buy”, then choose BNB, your amount and follow the remaining steps to complete your purchase.
What are the fees to buy BNB using Trust Wallet?
Fees are dynamically determined in real-time by our affiliated fiat gateway partners. We've teamed up with a variety of third-party payment services to offer you a diverse array of convenient choices. Please be aware that the fee schedule may differ depending on the payment method selected and your geographical location.
What payment methods are accepted?
Trust Wallet accommodates multiple payment options, such as credit/debit cards and bank transfers, to name a few. The specific methods available to you are subject to your location and the payment provider you opt for.
What currencies can I use to purchase BNB?
Our global partners support over 100 local fiat currencies. This enables a broad range of users to purchase crypto in their native currency.
In addition to buying, can I also sell BNB using Trust Wallet?
Absolutely, you can convert your BNB to fiat currency using Trust Wallet. Our integrated third-party partners offer services that allow you to sell your crypto for cash. Here’s how to sell your BNB using Trust Wallet.
Choose BNB from your wallet’s home screen or locate it using the search bar and select it.
Choose the “More” option.
Enter the amount you want to sell.
Select the third-party provider, and then complete the remaining steps to sell your BNB.
When I buy BNB using Trust Wallet, where is it stored?
When you buy BNB using your Trust Wallet, it’s stored directly in your wallet. There’s no need to transfer your BNB from one address to another or do anything else – the crypto will be stored safely and automatically.
How do I check my BNB balance in Trust Wallet?
To check your BNB balance in the Trust Wallet app, simply open the app and view your current balance from the main wallet page.
How do I check the BNB price in Trust Wallet?
To check the BNB price in the Trust Wallet app, simply open it and view the price from the main wallet page. Alternatively, you can also search for the BNB asset and tap on the chart symbol to view more detailed information on the BNB price.
Join the Trust Wallet community on Telegram Follow us on X (formerly Twitter) Instagram Facebook Reddit
Note: Any cited numbers, figures, or illustrations are reported at the time of writing, and are subject to change.
