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In this guide, we will explain how to buy BNB when it’s not available on Trust Wallet and provide you with a few alternative methods you can use to buy BNB tokens.
Trust Wallet is one of the most popular crypto wallets and is perfect for storing cryptocurrencies, including Binance Coin BNB. However, it has been known for Trust Wallet users to receive an error “Coin Not Available” when trying to buy BNB tokens.
So if you have received this Trust Wallet error, we will now show you how to buy BNB tokens when not available on Trust Wallet.
What to do When BNB is not Available on Trust Wallet?
Getting an error when buying BNB tokens or other cryptocurrencies can be very frustrating, especially if you don’t have another crypto wallet or exchange. If you have received the error “Coin Not Available” when trying to buy Binance Coin (BNB) on Trust Wallet, don’t worry. There are a few options you can explore to buy BNB, which we have outlined below;
Option 1 – Wait
You can just wait a while, and the service will restore itself. Although most of the time, when you decide to buy a coin, you want it immediately. The price may fluctuate from one minute to another, and you don’t want to miss the opportunity just because the Trust Wallet decided to shut down trading.
Option 2 – Buy via Trust Wallet
You can go directly to the service provider, like Simplex or MoonPay and buy BNB there. But these platforms aren’t a great option because they charge a really high fee to customers (up to 5%). This can take a vital portion of your funds and reduce your yield.
Option 3 – Buy BNB on an Exchange
The third option is to use another crypto exchange to buy your BNB tokens. The good thing about BNB is that it’s a popular token and is available on several popular crypto exchanges, such as Huobi and Kucoin. Also, by buying BNB on these exchanges, you should get a good rate, plus the trading fees should be much lower.
How to Buy BNB When Not Available on Trust Wallet
The ideal alternative to buying BNB on Trust Wallet is to use Binance. Binance is the biggest cryptocurrency exchange in the world, plus they also own Trust Wallet.
Binance has many features, such as Binance Earn and offers some of the lowest fees. Moreover, BNB is native to the Binance Smart Chain, developed and managed by the Binance ecosystem.
The Binance exchange interface is simple, and you can use it via a web browser or using the Binance app. Both options are equally accessible.
Step 1: Log in or register to Binance
To buy BNB, navigate to the Binance site or the Binance app, log in to your account or register if you don’t have one. If you don’t already have a Binance account, you can reduce your trading fees by up to 45% using our Every Bit Helps referral code at sign-up.
To create a Binance account, you will need to provide some personal information to comply with the KYC laws and regulations of the company.
Remember that Binance and other centralized exchanges are private companies monitored by regulators in many countries, so they must comply with regional laws.
Step 2: Fund Your Account & Buy BNB
You can buy BNB on Binance using FIAT (or traditional) money such as Euros, USD, GBP, or cryptocurrencies like Bitcoin.
To buy BNB with fiat money, you need to fund your wallet with your bank account or purchase the BNB directly using a credit or debit card.
You can also use digital assets or coins you already have in your Binance portfolio or deposit crypto from other wallets. Crypto deposits are entirely free, as there are no fees associated.
To buy BNB, you must click “Buy/Sell Crypto” and choose the correct pair, whether you’re buying with fiat or crypto. These can be USD/BNB, BTC/BNB, USDT/BNB, or any other supported asset.
Step 3: Withdraw BNB to Trust Wallet
After completing the previous step, the BNB coin will go to your spot BNB wallet. However, transferring BNB back to your Trust Wallet is best, as it is a safer option.
To do this, you must open the Trust Wallet app, locate your BNB wallet and find your BNB Smart Chain address. Make sure you select the Binance Smart Chain address (BSC BEP20) instead of the BEP2 or ERC20. A mistake in this step may result in coin loss.
Once you find the correct wallet address, click on “Receive” and copy the Binance smart chain address. Go back to Binance and click on “Withdraw”. Paste the wallet address in the field (make sure it’s the correct one!), enter how much BNB you’d like to withdraw, check the transfer fees, and click withdraw.
Binance sets a minimum withdrawal amount for Binance coin BNB as 0.01. However, this shouldn’t be an issue for users, as the minimum amount is around £3, or $4. According to current rates, the withdrawal fee is about 0.0005 BNB or 10 cents.
You can check our tutorial on withdrawing from Binance Exchange to have a deeper walkthrough of this process.
What is Trust Wallet?
Trust Wallet is a mobile cryptocurrency wallet that allows users to securely store, manage, and trade various cryptocurrencies and tokens. It was founded in 2017 and was later acquired by Binance, one of the largest cryptocurrency exchanges in the world.
Trust Wallet supports a wide range of cryptocurrencies and tokens, including Bitcoin, Ethereum and BNB. It also supports various blockchain networks, such as Ethereum, Binance Smart Chain, and more.
Trust Wallet gives users full control over their private keys, which are used to access and manage their crypto assets. This means that users have complete ownership of their funds and can securely store them on their mobile devices.
Additionally, Trust Wallet allows users to connect easily to decentralized applications (dApps) and decentralized exchanges (DEXs) directly from the wallet.
What is the BNB Token?
Binance Coin (BNB) is a cryptocurrency created by the Binance exchange and is used for various purposes, such as discounted trading fees, transaction fees, travel bookings, entertainment, and online services.
Binance Coin was initially built on the Ethereum network, but now it operates on Binance’s own blockchain, the Binance Chain. BNB has a unique feature where a portion of its supply is destroyed regularly, which reduces the overall supply and can increase the value of the remaining coins. Binance Coin has a high market cap of over $56 billion, making it one of the largest cryptocurrencies in the world.
https://widgets.coingecko.com/coingecko-coin-ticker-widget.jsWhy is BNB Not Available on Trust Wallet?
Normally you can buy or trade BNB and other cryptocurrencies directly within Trust Wallet. However, Trust Wallet users sometimes notice an error “Coin Not Available” when trying to buy BNB. This error occurs when there is volatility in the markets, and demand is too high, so the platform temporarily suspends trades until the influx of users reduces.
Conclusion
While it may be frustrating to find that Binance Coin (BNB) is not available on Trust Wallet, there are several alternative ways to purchase BNB. One option is to use a different wallet or exchange that supports BNB. Another option is to use a cryptocurrency swap platform to trade another cryptocurrency for BNB.
Regardless of the method you choose, it’s important that you do your research and follow best practices. By taking the steps outlined in this guide, you should be able to safely and easily purchase BNB tokens.
FAQs
Why is my BNB not showing in my Trust Wallet?
If you have transferred BNB into Trust Wallet, but it’s not showing, you will need to make sure you’re connected to the right network on your device, i.e. BNB Smart Chain (BSC).
Can you buy BNB directly on Trust Wallet?
Yes, you can buy the BNB token on Trust Wallet
Why can’t I swap ETH for BNB on Trust Wallet?
When swapping ETH for BNB on Trust Wallet, you will need to make sure you’re swapping the tokens on the same network. If the two tokens are not on the same network, they can not be swapped.
