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Guides
Published on: Mar 28, 2024
In Brief
Discover how to migrate your BNB Beacon Chain (BEP2) assets to BNB Smart Chain (BEP20) easily using the Trust Wallet mobile app.
This guide will show you how to migrate your assets on the BNB Beacon Chain (BEP2) over to the BNB Smart Chain (BEP20) using the Trust Wallet mobile app.
Please note that the BNB Chain team has previously announced the upcoming deactivation of the BNB Beacon Chain. We encourage you to stay updated with their official website and communications for key dates and information.
Before you get started, ensure you have the most updated version of Trust Wallet mobile app.
If you are using the Trust Wallet browser extension, but wish to use the mobile app to migrate assets, view these instructions on importing your extension wallet to the mobile app.How to migrate your assets using the Trust Wallet mobile app
Open the Trust Wallet mobile app and select the BEP2 asset to migrate.
Select “Swap” on the asset’s details page.
Select “Swap to BNB Smart Chain”.
To choose the maximum amount to swap, select “Max”, then select “Continue”.
Review the details and then select “Confirm”.
And that’s it. You’ve migrated your BNB Beacon Chain (BEP2) asset over to the BNB Smart Chain (BEP20), using the Trust Wallet mobile app.
Important note: If you have any remaining assets on the BNB Beacon Chain, repeat the steps above for each one.
For further information on the sunset plans for BNB Beacon Chain, be sure to check out the official communications from the BNB Chain team.
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Note: Any cited numbers, figures, or illustrations are reported at the time of writing, and are subject to change.
FAQs
Trust Wallet - when you deposit BNB (BEP2), you have to swap to BSC(BEP20) to use for transactions. Neither the BSC Wallet integration, nor the Binance Chain integrations capture this transaction, only the fees associated.
Is trust wallet BNB BEP2 or BEP20? ›
Trust Wallet - when you deposit BNB (BEP2), you have to swap to BSC(BEP20) to use for transactions. Neither the BSC Wallet integration, nor the Binance Chain integrations capture this transaction, only the fees associated.
How to migrate from BNB beacon chain to BNB smart chain on trust wallet? ›
For TrustWallet mobile multi-chain users, you need to open the Swap tab, and choose From network as BNB Beacon Chain and To network as BNB Smart Chain for mainnet asset transfer. Then find the asset you want to transfer and input the transfer amount.
How to swap BNB to BNB smart chain on trust wallet? ›
Once your BNB is transferred to your Trust Wallet account, there's an option when you're looking at your BNB to convert it into smart chain. All you have to do is click this button and specify the conversion amount, and you're done. Additionally, the conversion costs are not very exorbitant. Why use Trust Wallet?
Is the BNB beacon chain BEP20? ›
BEP2 tokens are native to the BNB Beacon Chain, while BEP20 tokens are native to the BNB Smart Chain.
How to convert BEP2 to BEP20 in trust wallet? ›
How to migrate your assets using the Trust Wallet mobile app
- Open the Trust Wallet mobile app and select the BEP2 asset to migrate.
- Select “Swap” on the asset's details page.
- Select “Swap to BNB Smart Chain”.
How to get a BEP20 wallet
- Download and install Trust Wallet.
- Add BEP20 (BEP20) to your wallet.
- Access wallet features like buy, sell, swap and more.
Introduction. Learn how to access the BNB Smart Chain, one of the easiest ways to interact with cryptocurrencies and DeFi projects. Trust Wallet is a great way to do this outside of your desktop browser, and it only takes a few minutes to set up.
Should I swap BNB beacon chain to Smart Chain? ›
As the BNB Beacon Chain will shut down in late June 2024, the LIQUID app will not be able to broadcast transactions to the blockchain. If you hold BNB on the Binance Beacon Chain, you must transfer it to the Binance Smart Chain (BSC) before the fusion to ensure you preserve your tokens.
What is the BNB beacon chain in Trust wallet? ›
A BNB Beacon Chain is a token that is on the Binance Smart Chain, a blockchain network compatible with Ethereum. On the trust wallet app, find the BNB Beacon Chain token under the “Tokens”.
To create a BEP20 wallet, follow these steps:
- Choose a Wallet Provider. Select a reputable wallet provider that supports BEP20 tokens. ...
- Install the Wallet. ...
- Create a New Wallet. ...
- Backup Your Wallet. ...
- Access the Wallet. ...
- Add BEP20 Tokens. ...
- Receive and Send BEP20 Tokens. ...
- Security Considerations.
Best BEP-2 wallet
Atomic wallet is officially recommended from the Binance team to store and transfer all BEP-2 tokens. Thus, within a single wallet you can store ERC20, BEP-2 and other more than 300+ tokens.
Is trust wallet BEP20 compliant? ›
Trust Wallet, acquired by Binance in 2018, is a top choice for managing BEP-20 tokens. It supports: Security: Users retain control of their private keys. Compatibility: Available on iOS and Android.
What network is BNB on trust wallet? ›
Binance Coin (BNB):
It was originally issued as an ERC-20 token, running on the Ethereum network but is now the native currency of Binance's own blockchain, the Binance chain.
Is BNB a BEP2 token? ›
Users will be able to deposit the BNB Mainnet Native Token (BEP2/BEP20 format) on the Crypto.com App. BEP2 represents the token standard on Binance Chain, while BEP20 represents a token standard on Binance Smart Chain.
Is BNB BEP20 or ERC20? ›
While they serve similar purposes, there are key differences between them, primarily in the technology on which they are built. BEP20 tokens operate on the BEP20 network of the BNB Smart Chain (formerly Binance Smart Chain), whereas ERC20 tokens are built on the ERC20 chain of the Ethereum network.
