Binance USD (BUSD) is a major stablecoin pegged 1:1 to the US dollar and available on several blockchains. Trust Wallet, a leading mobile cryptocurrency wallet, supports sending, receiving, trading, and storing BUSD along with numerous other digital assets.
This guide provides clear, step-by-step instructions to securely move your BUSD from Binance to Trust Wallet.
Prerequisites for the Transfer
Before starting, ensure you have:
- An active Binance account with BUSD in your spot wallet.
- The Trust Wallet app installed and set up on your mobile device.
- Completed all necessary identity verification steps on Binance to enable withdrawals.
Step-by-Step Transfer Guide
Follow these steps carefully to ensure a safe and successful transfer.
Step 1: Add BUSD to Your Trust Wallet Interface
Since BUSD may not be visible by default, you need to enable it.
- Open the Trust Wallet app and unlock it using your passcode or biometric authentication.
- On the main assets screen, tap the toggle icon in the top right corner.
- Use the search bar to find "BUSD".
- You will see multiple versions of BUSD on different networks (e.g., BEP20, ERC20). Toggle on the one that corresponds to the network you plan to use for your withdrawal from Binance.
- Return to your main wallet screen. The BUSD balance will now be visible.
Step 2: Get Your BUSD Deposit Address
- On your Trust Wallet home screen, tap on your BUSD balance.
- On the next screen, tap the "Receive" button.
- You will see your unique BUSD wallet address and a QR code. Double-check the network displayed (e.g., BEP20, ERC20).
- Tap "Copy" to save the address to your clipboard. Verify this address carefully before proceeding.
Step 3: Initiate the Withdrawal on Binance
- Open the Binance app or website and log in to your account.
- Navigate to your "Wallet" and then to "Spot Wallet" or "Fiat and Spot".
- Locate and tap the "Withdraw" button.
Step 4: Enter Withdrawal Details
- In the cryptocurrency field, type and select "BUSD".
- Paste the BUSD wallet address you copied from Trust Wallet into the "Address" field.
- Critical Step: Select the network or blockchain. This must exactly match the network of the address you copied from Trust Wallet (e.g., if you copied a BEP20 address, select BNB Smart Chain (BEP20)).
- Warning: Selecting an incorrect network will result in the permanent loss of your funds, as transactions on the blockchain are irreversible.
Step 5: Confirm and Submit the Transaction
- Enter the amount of BUSD you wish to transfer.
- Review all details meticulously: the receiving address, the network, and the amount.
- Click "Withdraw" and complete Binance's security verification process, which may include email confirmation, SMS codes, or an authenticator app.
Network Selection: BEP20 vs. ERC20
Choosing the right network is crucial for cost and speed.
- BNB Smart Chain (BEP20): This is generally the recommended network for transferring BUSD. It offers significantly lower transaction fees (often less than $0.10) and faster confirmation times compared to the Ethereum network.
- Ethereum (ERC20): Use this network if you specifically need BUSD on the Ethereum blockchain for certain DeFi applications or trades. Be aware that gas fees (transaction costs) on Ethereum can be very high during periods of network congestion.
👉 Compare network fees and speeds here
Frequently Asked Questions
How long does the transfer take?
Transfer times vary by network congestion. BEP20 transfers are typically confirmed within 5-20 minutes. ERC20 transfers can sometimes take longer if the Ethereum network is busy.
Why can't I see my BUSD in Trust Wallet after transferring?
First, ensure you added the correct BUSD token (with the right network) to your Trust Wallet assets list. If it's added, be patient as blockchain confirmations take time. You can check the transaction status by searching your wallet address on a block explorer like BscScan (for BEP20) or Etherscan (for ERC20).
What are the withdrawal fees on Binance?
Binance charges a fixed network fee for withdrawals. The fee for BUSD on the BEP20 network is typically very low (e.g., 0.80 BUSD), while the ERC20 fee is higher due to Ethereum gas costs.
Can I recover funds sent to the wrong network?
Recovery is extremely difficult and often impossible. The funds are sent to an address on a different blockchain that you may not control. Always double-check the address and network before submitting a transaction.
Is there a minimum withdrawal amount?
Yes, Binance enforces a minimum withdrawal limit for BUSD, which is displayed on the withdrawal page before you confirm the transaction.
Final Checklist and Tips
- [ ] Address Check: I have double-checked the receiving address from Trust Wallet.
- [ ] Network Match: The selected network on Binance matches the network of the address from Trust Wallet.
- [ ] Fees Understood: I am aware of the withdrawal fee and find it acceptable.
- [ ] Verification Ready: I am prepared to complete Binance's 2FA verification.
After submitting the withdrawal, you can track its progress in your Binance withdrawal history. Once confirmed on the blockchain, your BUSD balance will automatically update in your Trust Wallet.