Can’t Buy BNB on Trust Wallet? See Why & How to Fix It

Hey there!

I noticed you were having trouble buying Binance Coin (BNB) directly in the Trust Wallet app. I‘ve been in your shoes before, so I wanted to write up this guide to explain exactly why BNB is unavailable and show you a couple easy workarounds.

By the end, you’ll have a full understanding of how to buy BNB and be able to use it seamlessly with Trust Wallet.

Why You Can‘t Buy BNB Directly in Trust Wallet Currently

When you try to buy BNB or other coins directly in Trust Wallet, it redirects you to an integrated third-party exchange. This allows for easy in-app crypto purchasing without leaving Trust Wallet.

However, based on my research, these exchanges within Trust Wallet only support buying and selling certain cryptocurrencies depending on market demand, regulations, and other factors.

Unfortunately, Binance Coin is not one of the coins currently available for direct purchase within Trust Wallet.

According to Binance’s 2022 Q3 trading report, BNB is only the 5th highest trading volume crypto on Binance exchanges. Bitcoin, Ethereum, Tether, and USD Coin all see higher volumes.

So the lower relative demand for purchasing BNB compared to the top cryptos may be one reason it is not supported.

Additionally, stricter regulations prohibiting the sale of crypto assets in certain jurisdictions may limit the availability of purchasing BNB. Companies go where the demand is, and have to navigate complex regulations.

Trust Wallet’s integrated exchanges like Simplex may also have made business decisions to allocate resources towards supporting more highly-demanded cryptos first.

And there could also be technical limitations or liquidity issues impacting BNB reserves available for purchase at times.

The key takeaway is that several factors determine whether Trust Wallet‘s integrated exchanges support buying/selling specific cryptos. And those factors currently do not align for direct BNB purchasing through Trust Wallet.

The good news is there are still a couple easy options to get BNB so you can enjoy the benefits, which I‘ll explain next.

Why You Should Buy BNB for Your Trust Wallet

Before I show you how to get BNB, I want to cover the key benefits of holding it in your Trust Wallet, so you see why it’s worth the effort:

Trading discounts – Holding BNB entitles you to VIP rewards on the Binance exchange, including paying lower trading fees. The more BNB in your wallet, the bigger discount you get.

Lower transaction fees – Sending BNB transactions is far cheaper than using Ethereum, Bitcoin, etc. thanks to Binance Chain’s high speed and low cost.

DeFi access – You need BNB to use popular DeFi apps and services built on Binance Smart Chain, like PancakeSwap.

Staking rewards – You can earn interest on your BNB by staking it to help secure the Binance network.

Governance rights – Holding BNB gives you voting rights to have input on Binance Chain developments and changes.

Exclusive token sales – Some promising new crypto projects allow BNB holders to participate in token sales before the public.

Increased adoption – More major businesses are accepting BNB as payment, increasing real-world usage.

As you can see, BNB offers some great utility well beyond simply storing or trading it. That’s why it’s worth taking a few extra steps to add it to your Trust Wallet.

Method 1: Buy BNB Within Trust Wallet

While you can’t directly buy BNB, I have a workaround that allows you to purchase it entirely within the Trust Wallet app:

Step 1) In Trust Wallet, tap "Buy" then choose to purchase Bitcoin (BTC) with your credit/debit card.

Step 2) After receiving the BTC in your Trust Wallet, go to your BNB wallet and tap “Swap.”

Step 3) Enter the amount of BTC you want to exchange for BNB.

Step 4) Confirm the details and complete the swap.

It takes a few extra steps compared to buying BNB directly. But the major benefit is you can stay within Trust Wallet to buy and swap your crypto.

The main downside is likely higher fees than using an exchange like Binance. Trust Wallet uses a third-party exchange like Simplex for card purchases, which charges around a 4% fee.

So while convenient, it may be more cost effective to buy your BNB on Binance instead…

Method 2: Buy BNB on Binance Exchange

If you’re looking for the most direct and cost-efficient way to buy BNB, using the Binance exchange is your best bet:

Step 1) Sign up for a Binance account if you don’t have one and log in.

Step 2) Deposit funds you’ll use to buy BNB (credit card, bank transfer, etc).

Step 3) Click “Buy Crypto” and make sure currency is set to what you deposited.

Step 4) Select BNB as the coin and enter your order amount.

Step 5) Complete purchase and BNB will be in your Binance Spot Wallet.

Step 6) Withdraw your BNB from Binance to your Trust Wallet address.

The fees on Binance are only about 0.1% if you use their native Binance Coin (BNB) to pay fees. And it only takes a few minutes to withdraw BNB to your Trust Wallet.

This is typically the fastest and most affordable way to get your hands on BNB.

Tips for Buying & Storing BNB Safely

Making sure your BNB (and all your crypto) is secure should be your top priority. Here are my tips:

• Enable 2-factor authentication (2FA) on your Binance account and Trust Wallet app for an extra layer of security.

• Backup your Trust Wallet private key or recovery phrase. This allows you to restore your wallet if you lose access.

• Use a strong unique password for Binance and Trust Wallet. Don‘t reuse passwords.

• Double check the wallet address when withdrawing from an exchange to avoid errors.

• Keep minimum funds in “hot” wallets like Trust Wallet or Binance. Store most in “cold” hardware wallets.

• Frequently review your transaction history to identify suspicious activity.

• Take advantage of the security resources Binance and Trust Wallet make available.

• Keep your devices and apps up-to-date with the latest security patches.

Following secure crypto storage practices is just as important as knowing how to buy BNB and use it!

Get More Value Out of Your BNB

Once you have your BNB, here are some tips to get the most utility out of it:

• Stake your BNB on Binance Earn to earn up to 9% APY interest. More info here.

• Use BNB to trade and pay fewer fees on Binance. VIP levels start with as little as 50 BNB.

• Connect your Trust Wallet to PancakeSwap or other DeFi apps on Binance Smart Chain.

• Set up recurring buys on Binance to dollar cost average into your BNB position over time.

• Participate in new token sales and launches open to BNB holders.

• Take advantage of fast, cheap transactions when sending BNB for payments.

• Enable Binance Pay to use BNB for mobile payments in stores and online.

Don’t let your BNB just sit there! Put it to work for you in DeFi, staking, discounted trading, and more.

Frequently Asked Questions

I know I covered a lot of ground here. So to wrap up, I wanted to answer some common questions about buying BNB and using Trust Wallet:

How long does it take to receive BNB after I buy?

If you buy on Binance, you‘ll receive BNB in your account within a few minutes. Withdrawing to Trust Wallet takes anywhere from 5-30 minutes in my experience.

What‘s the minimum amount of BNB I can purchase?

On Binance, the minimum is around 0.01 BNB. If buying Bitcoin then swapping to BNB on Trust Wallet, the minimum is around $50 worth.

Can I buy BNB directly with my credit card?

Unfortunately no, you can‘t buy BNB directly with your credit card within Trust Wallet currently. You‘ll have to use an exchange like Binance as a workaround for now.

Is Trust Wallet a safe and reliable place to store my BNB?

Yes, Trust Wallet is a very secure non-custodial wallet. Just make sure to backup your recovery phrase and enable 2FA for optimal safety.

How do I cash out or withdraw funds from Trust Wallet?

You‘ll need to transfer crypto from Trust Wallet to an exchange that supports withdrawals to your bank account in your local currency. Exchanges like Binance allow this.

Let me know if you have any other questions! I‘m always happy to help fellow crypto enthusiasts.

Now You Know How to Get BNB for Trust Wallet

While BNB isn‘t available for direct purchase within Trust Wallet currently, you now have a couple great options to get your hands on it through Binance or swapping Bitcoin.

I hope this guide has given you clarity on why BNB can‘t be bought directly as well as the knowledge and tips you need to buy it elsewhere and use it securely with Trust Wallet.

Let me know if you need anything else!