Crypto transfers from Binance and Coinbase now possible on Trust wallet
- Trust wallet integrated with Coinbase Pay and Binance Pay.
- The integration allows for seamless crypto transfers from both Coinbase and Binance.
- The Integrations will also bridge centralized and decentralized wallets and create a more open ecosystem.
Trust wallet, a leading self-custody and multi-chain wallet provider has announced its integration with Coinbase Pay and Binance Pay. The integration will allow Coinbase and Binance users to enjoy seamless cryptocurrency transfers from their Coinbase and Binance accounts into their Trust wallet accounts.
In general, the integration bridges centralized and decentralized crypto ecosystems since users will be able to transfer their assets from centralized exchanges to their decentralized wallets.
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A seamless transfer of crypto
Previously, transferring crypto from centralized exchange wallets like Binance and Coinbase to a self-custody wallet involved multiple steps. Users were required to manually input addresses of the destination wallet, switch between apps, and select the appropriate blockchain network for the transfer; all of which can be challenging especially for beginners.
With the new integration, users don’t need to input addresses or go through the other tiring steps to transfer funds. They can simply deposit funds directly into their trust wallets from Binance and Coinbase with a single click. This makes it easy for more people to get started with Web3.
Commenting on the new integration, the Global Head at Binance Pay, Jonathan Lim, 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.”