Trust Wallet integrates Binance Connect to enhance fiat-to-crypto transfers

Self-custody wallet Trust Wallet confirmed its integration with Binance Connect to simplify access to the crypto market and improve user experience.

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🚀 Trust Wallet is now integrated with Binance Connect, including P2P & Fiat solutions! @BINANCE 💙 Enhanced On-Ramp: Expanded coverage in more regions 💙 Seamless Experience: No extra KYC for Binance users 💙 Cost-Effective P2P: Save with P2P transactions Try Binance P2P with…

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5:07 PM · Nov 25, 2024

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According to the press release,

This integration offers a seamless experience with direct access to peer-to-peer (P2P) services and robust fiat-to-crypto solutions, all within Trust Wallet’s efficient environment.

With the integration, Trust Wallet users will access more than 300 digital assets at reasonable prices – all thanks to Binance’s market reach and unmatched liquidity.

Furthermore, the latest addition smoothens the conversion of fiat to crypto by allowing individuals to complete transactions through debit and credit cards, Binance’s P2P, Binance wallet balance, and bank transfers.

Binance Connect will help Trust Wallet offer its users access to multiple crypto services from confidential partner merchants. That removes entry boundaries while simplifying web3 onboarding for millions.

Trust Wallet boasts seven fiat gateway options. Binance Connect’s addition supercharges its capabilities, promising users a cost-effective, accessible, and seamless way to purchase, manage, and sell digital assets within the wallet.

Trust Wallet CEO Eowyn Chen commented on the benefits of this integration:

By collaborating with Binance Connect, we’re simplifying the journey into the on-chain world, particularly for users in regions where traditional financial infrastructure channels fall short. This integration is a game-changer for empowering self-custodial wallet users globally.

Top benefits from Binance Connect integration

• Worldwide accessibility: Binance Connect’s on-ramp coverage extends to regions not serviced, offering global enthusiasts more ways to access digital assets.

• Easy onboarding: Binance’s verified users (KYC) enjoy fast access to fiat and P2P services within Trust Wallet, removing the need for additional checks.

• Cost efficiency: P2P transactions completed through Binance Connect are more cost-friendly than conventional options. Competitive rates boost crypto accessibility and adoption.

• Massive currency support: the integration can support over 150 fiat currencies, over 300 payment options, and more than 300 digital assets.

Binance’s Vice President of Fiat, Thomas Gregory, emphasized the integration’s importance, stating:

Trust Wallet’s integration of Binance Connect demonstrates the power of collaboration in advancing the web3 ecosystem.

Together, we are simplifying the user experience of millions worldwide, offering seamless transactions that make digital assets accessible, especially in regions where traditional financial systems face limitations.

Meanwhile, Trust Wallet users can start utilizing Binance Connect by choosing it as the preferred payment option in the application.

The process (from setting the wallet to transacting) is smooth for both experienced and newbies.

Trust Wallet CEO on bolstering web3 adoption

Eowyn Chen affirmed that invisible, seamless transactions are crucial for driving web3 success during the Binance Blockchain Week on 31 October.

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Our CEO, @EowynChen, is sharing insights on “Connecting the Dots for Users” and how to bridge the gap between users and services at #BinanceBlockchainWeek

1:54 PM · Oct 31, 2024

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An invisible transactional experience doesn’t require individuals to use seed phrases or gas fees.