how to swap eth for btc on trust wallet

Trust Wallet offers a convenient platform to swap ETH for BTC with a few simple steps, ensuring a quick and seamless exchange process.

Nov 13, 2024 at 04:42 pm

How to Swap ETH for BTC on Trust Wallet: A Comprehensive Guide

Swapping Ethereum (ETH) for Bitcoin (BTC) on Trust Wallet is a simple and straightforward process. Here's a step-by-step guide to help you navigate the exchange:

Step 1: Getting Started

1. Ensure that you have both ETH and BTC balances in your Trust Wallet. If you don't, you can purchase them through the wallet's built-in exchange or send them from another wallet.
2. Download and install the latest version of Trust Wallet on your device.
3. Create a new wallet or import your existing one using the recovery phrase.

Step 2: Initiating the Swap

1. Tap on the two arrows icon at the bottom of the screen to access the swap feature.
2. Select ETH as the asset you want to swap from (source asset).
3. Enter the amount of ETH you want to swap or tap the "Max" button to swap the maximum available ETH balance.
4. Select BTC as the asset you want to swap to (destination asset).
5. Preview the swap details, including the estimated amount of BTC you will receive and the fee.

Step 3: Confirming the Swap

1. If the swap details are correct, tap on the "Swap" button.
2. Review the swap summary and the associated fee one last time.
3. Confirm the swap by entering your password or using the provided authentication method.

Step 4: Tracking the Swap

1. Once the swap is initiated, you can track its progress on the "Transactions" page in Trust Wallet.
2. The swap typically takes a few minutes to complete, depending on network congestion.
3. You will receive a notification when the swap is complete, and your BTC balance will be updated accordingly.

Additional Tips

• Check the exchange rate: Before swapping, verify the current ETH/BTC exchange rate to ensure you're getting a fair deal.
• Consider the fees: Trust Wallet charges a small fee for each swap, which is deducted from the amount you receive. The fee is based on the size and type of the swap.
• Set a slippage tolerance: Slippage is the difference between the estimated and actual exchange rate at the time of the swap. To minimize the impact of slippage, you can set a tolerance level (e.g., 1-2%) in the swap settings.
• Use a secure network: Ensure you are connected to a safe and stable Wi-Fi network or mobile data connection to avoid any interruptions during the swap.