Trust wallet, a multichain crypto wallet, has announced its integration with Binance Pay and Coinbase Pay. Binance and Coinbase users will now be able to switch their funds between the platform and Trustwallet seamlessly without paying any withdrawal charges.
Trustwallet has recently released their chrome extension version as well, making it a perfect competitor to Metamask. It is easy-to-use, multi chain noncustodial crypto wallet, where you can store more than 8 million crypto assets, across 70 plus blockchains, including Bitcoin.
Since it is a non custodial wallet, you are in complete control of your assets all the time.
Trustwallet also lets you swap your tokens inside it, in a decentralised manner, without you needing to go to another decentralised exchange to perform your trade.
Till date, Trust Wallet has served more than 60M users across the world with more than 10 million active monthly users, making it the one of the largest mobile crypto wallet in the world.
Through the Trust Wallet App, users will be able to transfer crypto to a self-custodial wallet seamlessly
— Binance (@binance) November 16, 2022
Previously, for the newbies, the process of sending the tokens between Trust wallet and exchanges was a cumbersome process, where the users had to undergo multiple steps that includes manually adding wallet address, selecting the correct app, switching between networks and then sending the tokens. And with this new integration, it is just a one click process now.
Plus, the users will be able to enjoy free transfers.
This enables a perfect blend of CEFI and DEFI, and users will be able to switch between either of them with just a click, without needing to scan any address or inputting manually.
Jonathan Lim, Global Head of Binance Pay on this Binance Pay-Trust wallet integration said:
Binance Pay is excited to be integrated with Trust Wallet to simplify the process for users to transfer their crypto assets between two services. Trust Wallet is the first decentralized wallet we supported, Binance Pay looks forward to becoming the key access to Web3 by bridging the worlds of CeFi and DeFi.
Bipul Sinha, Group Product Manager at Coinbase said:
At Coinbase, we’re looking to build a bridge to web3, bringing more people the benefits of seamless access to the cryptoeconomy. We designed Coinbase Pay to make it easier than ever for users to get web3 ready, with ability to fund their self-custody wallet or dapps in a few easy steps. We’re excited to work with leaders like Trust Wallet to bring this ease to the ecosystem.
Eric Chang, Head of Product at Trust Wallet, shared his view on the Trustwallet’s new integration:
Our goal at Trust Wallet is to make crypto and DeFi very easy to use for everybody. With the addition of Binance Pay and Coinbase Pay we want to introduce simpler and cheaper ways for people to access web3 while reducing as much of the friction as possible from the user journey.
Following the FTX fiasco, there has been a noticeable increase in the Trustwallet users. Also the price of TWT, native token of Trust wallet, has surged more than 100% in last 2 weeks.