Trust Wallet, the foremost self-custody Web3 wallet with a trusted user base of more than 140 million individuals, has incorporated Binance Link, the authorized fiat-to-cryptocurrency gateway of Binance. This integration aims to simplify the acquisition of digital assets and improve the overall user experience. This combination provides a smooth experience with direct entry to peer-to-peer (P2P) services and strong fiat-to-crypto solutions, all within Trust Wallet’s effective environment. This merger enables millions globally by streamlining crypto transactions and broadening access to digital assets.
With Binance Connect, Trust Wallet users can now reach over 300 cryptocurrencies at competitive rates, backed by Binance’s unmatched liquidity and market presence. This amalgamation simplifies the traditional-to-cryptocurrency process, enabling transactions through credit and debit cards, bank transfers, Binance wallet balance, and Binance P2P trading.
Through this fusion, Trust Wallet is empowering users to utilize a wide array of cryptocurrency services from reputable partner merchants, lowering barriers and facilitating millions to engage with the realm of Web3.
Trust Wallet presently sustains seven traditional on-ramp solutions, and the inclusion of Binance Connect enhances Trust Wallet’s functions, providing its users with a smooth, economical, and convenient method to purchase, sell, and manage cryptocurrencies directly within the wallet.
Key Advantages of Binance Connect Integration:
Global Accessibility: Binance Connect broadens on-ramp coverage to underserved regions, giving users worldwide more avenues to acquire cryptocurrencies.
Seamless Onboarding: Binance KYC-verified users experience swifter access to P2P and traditional services within Trust Wallet, eliminating the necessity for supplementary verifications.
Cost Effectiveness: P2P transactions via Binance Connect are generally more cost-effective than conventional payment methods, further encouraging cryptocurrency adoption. Competitive person-to-person transaction charges enhance the availability of cryptocurrency and promote regular utilization.
Strong Currency Backing: The inclusion backs up more than 100 fiat currencies, over 300 cryptocurrencies, and more than 300 payment alternatives, encompassing both customary and unconventional choices.
Eowyn Chen, Chief Executive Officer of Trust Wallet, underscored the importance of this inclusion:
“At Trust Wallet, we continuously strive to make Web3 available to all. Through our partnership with Binance Connect, we are streamlining the transition into the on-chain realm, especially for individuals in areas where conventional financial infrastructure pathways are lacking. This amalgamation is a transformative development for enabling self-directed wallet users worldwide.
“Trust Wallet’s incorporation of Binance Connect exemplifies the impact of cooperation in progressing the Web3 environment,” stated Thomas Gregory, Vice President of Fiat at Binance. “Collectively, we are streamlining the user interface for millions globally, providing smooth transactions that enhance the accessibility of digital assets, particularly in areas where conventional financial systems encounter constraints. “
Trust Wallet customers can initiate utilizing Binance Connect promptly by designating it as their favored payment option in the application. From establishing the wallet to finalizing transactions, the procedure is user-friendly and smooth, irrespective of proficiency level.