If you are interested in the stock market, then chances are you use Trust Wallet to store your funds.
Since its launch in 2017, Trust Wallet has become a firm choice among trained investors, as it allows users to store, purchase, and transfer assets.
However, this does not mean that the wallet is perfect, as it has been known to be difficult when it comes to purchasing BNB. While these errors are common on most electronic wallets, they can still be stressful and need to be fixed quickly.
In this article, we have compiled some fascinating information concerning Trust Wallet and why it won’t allow users to buy BNB.
What Is BNB?
BNB is the main currency of the Binance exchange, which allows users to fund transactions in a fast and reasonable way. The coin is commonly used on the Binance Smart Chain and is suitable for a host of different activities.
Investors can use BNB for trading, cryptocurrency, and accessing the crypto market, which makes it easier to interact with other traders.
In a similar manner. Trust Wallets allow users to trade, store, and purchase coins – which are then secured in a non-custodial environment.
The electronic wallet is also notable for its low transfer fees and accessible integration, which means you can send and receive BNB on various networks.
If you are interested in funding another wallet – such as Metamask – then you would need to add it to the smart chain in order to access the BNB wallet.
However, this function is not available on Trust Wallet, which requires users to create an account to access their assets.
So why can’t you purchase BNB on Trust Wallet? In the section below, we have answered this question…
Can’t Buy BNB On Trust Wallet?
If you’re unable to buy BNB on the application, then this could mean that there isn’t any coin available on the transfer exchanges.
When you use fiat money to purchase the currencies, you are actually accessing the crypto exchanges, which goes like this:
- Open your Trust Wallet and select the buy button – this will redirect you to the main exchange.
- Once you have accessed the exchange, you will need to determine the sell price of the coin – this means BNB.
- In most cases, there is a minimum amount of $50 (US) that you are allowed to buy and store in your wallet.
However, this is where the root of the problem starts, as once you have followed these steps, you will be rewarded with this message – BNB not available.
In this instance, you will need to report the problem to technical support, who will require a screenshot as evidence. Of course, this method does not always solve the problem, which leaves you with two other alternatives.
If you are still unable to purchase BNB, then you can choose one of the following options to help…
- Wait for more coins to become available, which will allow you to swap more BNB with your Trust Wallet card.
- Go to your Binance account and purchase the BNB there – we would recommend this option.
Can You Buy BNB On Binance?
If you are unable to buy or trade BNB on Trust Wallet, then there is another option available, which is to access your Binance account and purchase the coin from there. Binance remains one of the best exchanges around, as it allows users to trade, swap, and transfer funds with ease.
Beyond this, Binance is also known for its low transfer fees, which make it even easier to access and send cash.
To purchase BNB on Binance, you can either access the site through the web browser or your mobile device.
Step One: Access Binance Account
To start, you will need to open your Binance account and input your login information as usual.
If you haven’t had a chance to confirm your identity, then you will receive a message in the top corner of the screen.
Step Two: Purchase BNB (With Card)
When it comes to purchasing BNB, you will have two options. The first option is to use a debit or credit card to purchase the coin.
However, it is also possible to access the fiat currency by adding your bank account details to the menu in the top corner.
In both cases, you can press the buy/sell crypto button and choose USD in the first bar and BNB in the second.
Step Three: Purchase BNB (With Cryptos)
If you would prefer to not use your card, then you can purchase the BNB using another crypto such as Bitcoin.
All you have to do is locate the BNB/BTC trading pair and follow the instructions. When you have done this, you can press convert and the process will be complete.
Step Four: Transfer Funds
For the next step, you will need to transfer the BNB to Trust Wallet, which can be done using the following instructions:
- Open Trust Wallet and find the Binance Smart Chain address – press receive and download the address to the app.
- Open Binance and press withdraw BNB – you will need to paste the Smart Chain address into the bar.
- Make sure you have the right address and then transfer the funds to your Trust Wallet account.
Once this step has been completed, you should receive the new funds directly on the Trust Wallet app. However, it is important to note that you can also change the wallet settings whenever you want to.
Final Thoughts
Despite its notoriety among investors, Trust Wallet can be problematic when it comes to transferring funds.
Because of this, you will need to seek technical support or alternative methods should Trust Wallet fail to download the funds.
While it is possible to wait for the coins to become available, we recommend that you visit your Binance account and purchase the BNB from there.
The Binance app is known for its low transfer fees and accessible design, which makes it easier to purchase BNB without the usual fuss and issues.
That is why I made my site - Stock Maven. Now that I feel settled and confident about trading, I want to be a source of help to anyone else who might be struggling to break into the crypto market successfully.
My website is full of my tips and tricks, as well as information that I have always found interesting about crypto. My friends and family are sick of hearing me talk about it, so now it’s your turn!
I hope that you stick around and find something useful on my site. Remember, to make it big in crypto, you’ve got to be confident! Go for it and don’t look back.
- Essential Reasons to Implement Pound Cost Averaging in Your Investment Strategy - November 20, 2024
- Breaking the Cycle: Understanding Why We Repeat Poor Financial Decision-Making - November 18, 2024
- Unlocking the Potential: Is Silver Investment Worth It? - November 16, 2024