How to transfer ETH to Arbitrum using Trust Wallet? This guide, explains the entire process from Binance to Trust Wallet and how to buy Arbitrum with Uniswap.
Trading advanced crypto like Ethereum is quite complicated these days. Moreover, trading these cryptocurrencies isn’t about going to a centralized exchange like Binance or Coinbase anymore.
Nowadays crypto has evolved into a multichain ecosystem with more than 24K(!) digital currencies divided over different blockchain platforms. As the majority of these tokens aren’t listed on the major exchanges you have to enter the DeFi space to be able to trade(swap) them.
A common way to do it is by using ETH and transferring it over a bridge to the blockchain platform of your interest.
One of the platforms you’re most likely going to be bridging to is Arbitrum, a layer 2 crypto that functions on top of Ethereum. The reason why you’ll probably want to bridge your crypto to Arbitrum is that the platform offers much lower fees and faster transactions.
By continuing to read this guide you’ll learn the following for getting ETH to Arbitrum:
- Withdraw ETH to Arbitrum by using Binance
- How to install Trust Wallet
- Use Trust Wallet to connect to Uniswap
Withdraw ETH To Arbitrum using Trust Wallet: Quick Take
In short, below are the necessary steps to get Ethereum(ETH) from Binance to Arbitrum by using Trust Wallet. Additionally, I assume you already have a Binance account and use a mobile device. Overall, you have to do the following:
- Login on your Binance App
- Install Trust Wallet on your device
- Create a new wallet and write down the recovery phrase(key)
- Add Arbitrum ETH to Trust Wallet
- Transfer ETH from Binance to Arbitrum ETH
The steps above are a quick take of the steps you have to follow. Later on in this guide, I’ll go into more detail by including screenshots. Spoiler: using Binance withdrawals within the Trust Wallet App, are the fastest and most easy to follow exercise!
Why use Trust Wallet
First of all, Trust Wallet is a beginner-friendly solution for those who want to know more about DeFi, NFTs, and storing coins in general. Especially, the idea of having control over a wide array of tokens in the palm of your hand makes it very appealing.
Also, Trust Wallet is famous for using several dAPPs including PancakeSwap, AppolloX, WazirX, or LooksRare(NFTs). For example, if you want to trade your BUSD tokens on a DEX you can use Pancakeswap to swap any token for BUSD. All this will be executed on the underlying BSC blockchain network.
Trust Wallet and Binance withdrawals
Why use Trust Wallet for Binance withdrawals? Usually, when you want to send tokens away from the Binance exchange it takes some extra work. For instance, you have to use two apps at the same time(Binance and external wallet) and switch between them. Overall, the withdrawal process isn’t very convenient that’s why Trust Wallet integrated the Binance withdrawal process.
In other words, when using Binance withdrawals with Trust Wallet, the entire task can be done from within the App. In my opinion, this is a great step forward and prevents the following:
- Crypto withdrawals are risky and not refundable
- No more copy/paste long codes(public keys)
- No need to use the QR and switch between Apps or devices
Finally, using Binance withdrawals within the Trust Wallet App is a new feature. In addition, with this feature, there’s no need to worry about putting in the right address. It’s all done automatically for you.
(*) Unfortunately at the time of writing, withdrawing Arbitrum ETH to Trust Wallet isn’t integrated with Binance. Meaning, for doing withdrawals with Trust Wallet you still need to copy/paste public keys and switch between Apps.
Don’t worry too much about this. Later on, I’ll go into more detail on how to get ETH to Arbitrum step by step(including the necessary screenshots).
How to Setup Trust Wallet
At the beginning of this guide, I explained to you shortly the process of creating a wallet on Trust Wallet. In this section, I’ll guide you step-by-step and also explain how to add the ETH Arbitrum token to Trust Wallet in order to receive funds. Here we go 😁.
- Go to the Trust Wallet homepage.
- Click the icon to download the app for your device.
- Open the app.
- Tap Create a new wallet.
- Check the box and tap Continue to accept the Terms of Usage.
- Take note of your recovery phrase.
- It’s important to keep this safe because anyone can use it to access your wallet.
- It’s not possible to take a screenshot of this screen.
- Tap Continue.
- Re-enter the recovery phrase to verify it.
- Tap Continue.
At this point, you are all set and can start using the Trust Wallet.
Withdraw ETH from Binance To Trust Wallet
Getting ETH on Arbitrum by using the centralized Binance exchange is a very cheap way to bridge the Arbitrum blockchain network. Below are the steps you must follow:
- Make sure you are logged in at your Binance account
- Open Trust Wallet App
- Tap on Add Tokens
- Enter Arbitrum in the search bar and choose toggle green
- Tap Done
- Next, tap Arbitrum ETH in the tokens list
- Tap Receive button
- An image with QR-Code appears, copy ETH address to clipboard
- Now switch and log in to the Binance App
- Find your ETH funds and click ‘Withdraw‘
- Choose the Send via Crypto Network option
- Paste your ETH address from the clipboard in the Address field
- Make sure to choose the Arbitrum One network here
- Finally, enter the amount of ETH and click Withdraw
To finalize the transaction you have to do one extra step where a pincode will be sent to your e-mail address. Use this code sent to your e-mail to finalize the withdrawal. The entire withdrawal on the Arbitrum network should last a few minutes(1 to 5). Additionally, Binance will send a notification when the withdrawal has been processed.
Finally, at this point, you are all set to use ETH tokens on Arbitrum and you can switch back to the Trust Wallet app.
|🔔Pro tip – For using the swap functionality in Trust Wallet or any dApps like PancakeSwap you have to pay the fees in BNB. As you are using the Binance Smart Chain(BSC). Read this guide 👉|
to send BNB Smart Chain to Trust Wallet.
Optional: How To Buy Arbitrum on Trust Wallet
As shown above, we managed to withdraw ETH to Arbitrum by using Binance. So far, the ETH Arbitrum funds are available on Trust Wallet. To continue using the funds on the Arbitrum network we have to connect our wallet to this blockchain.
The Trust Wallet is primarily designed for the Binance Smart Chain network. Meaning, to start operating on the Arbitrum network with this Trust Wallet, we have to find a dApp that is able to do this. In this case, we are going to use Uniswap for this.
Buy Arbitrum with ETH on Uniswap
In short, the Uniswap platform enables users to trade cryptocurrencies like Arbitrum without any involvement with a centralized third party. The Uniswap blockchain is hosted on the Ethereum platform and governed by UNI holders. The Arbitrum network operates on Ethereum as well thereupon we are going to use this platform to swap ETH for ARB.
All in all, to buy Arbitrum(ARB) with ETH on Trust Wallet you have to do the following:
- Open the Trust Wallet App and click below on Browser
- Type ‘Uniswap‘ in search bar and click on the first result
- The App opens where you have to connect first. Click connect button above
- Connect a wallet screen appears. Click the WalletConnect option
- Next, choose the Trust Wallet icon
- Make sure to choose Arbitrum as the network to connect
- Next, click Connect button
- From here you can swap ETH for ARB on Uniswap
Finally, if the transaction went through, the ARB funds will appear in your Trust Wallet. At this point, you have made your first DeFi swap. Meaning, you traded crypto straight from your Trust Wallet without any third-party platform interfering. Happy DeFi trading 😁.
Conclusion: Withdraw ETH to Arbitrum using Trust Wallet
Trust Wallet is a popular option for crypto traders that are wanting to access the DeFi space. In this guide, I have explained to you the steps you have to make to withdraw ETH to Arbitrum by using Binance.
Moreover, the combination of crypto withdrawals from Binance to Trust Wallet is a very convenient process that only takes a few minutes. Also, with funds available on Trust Wallet you can access any DeFi platform where you simply have to connect your wallet to the preferred blockchain network.
FAQ -Transfer ETH to Arbitrum using Trust Wallet
Can I Withdraw From Binance To Trust Wallet?
Users can now transfer crypto assets from their Binance Crypto Wallet to their Trust Wallet app without any fees except for the gas fees, or needing to scan/input a wallet address.
How Long Does It Take To Send ETH to Arbitrum?
In this guide, I explained the withdrawal process between Binance and Trust Wallet. Withdrawing ETH to Arbitrum usually takes a few minutes and Binance will notify you when the transaction has been processed.
What Are the Transaction Fees For Sending ETH to Arbitrum by Using Binance?
Overall, transaction fees on the Ethereum blockchain must be paid in ETH tokens. However, fees are very low where sending Arbitrum ETH to Trust Wallet is about 0.00035 ETH.
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