How to convert BNB from Binance.US to BEB20 BNB on Binance Smart Chain. Learn how to Convert BNB Bep2 to Bep20 Metamask, Trust Wallets, or Coinbase Wallets. I got frustrated Binance.US for US users they do not provide easy functionality of converting BEP2 BNB into BEP20 Binance Smart Chain compatible tokens. The other option is to use a VPN and signup for Binance.com account. Send your funds from Binance.US to Binance.com and convert it while sending to Metamask, Trust Wallet, Coinbase Wallet or other Web 3 Defi wallets where you hold the private key yourself under your custody without relying on third-party institutions to hold our hard earned assets.
The core components of most DeFi wallets include:
Non-Custodial – Users can send and transfer funds knowing they are the only one who has access to those funds
Key-based – Underneath the hood, all DeFi wallets have a unique keypair. This is different from centralized wallets as users are responsible for the safekeeping of their private keys, often introduced through a 12-word seed phrase.
Accessible – Virtually all non-custodial wallets can handle a suit of assets, with Ethereum-specific DeFi wallets allowing users to deposit ETH in tandem with stablecoins like Dai, ERC20 tokens like UNI and ERC721 tokens like Axies.
Compatible – All DeFi wallets are accessed by connecting a web3 wallet. Mobile wallets have begun to integrate dApps browsers to make it easy to connect with DeFi applications without having to every leave the app.
First, you need to send BNB from Binance.US to Binance Chain Wallet Chrome Extension. I will show you how to install Binance Chain Wallet Chrome Extension. Google and find out Binance Chain Wallet Chrome Extension. Install the plugin to Chrome. Open the Binance Chain Wallet. Setup a wallet. You need to back up Seedphrase as hard copy as well as soft copy. If you lose those seedphrase, you will totally lose funds to your Binance Chain Wallet and it's corresponding Binance Smart Chain Wallet funds. Let me know on comments below if you need me to show how to setup Binance Chain Wallet address. Now send Binance.US BNB token to Binance Chain Wallet Address. For this open up Binance Chain Wallet. It will open with BNB as default currency. This BNB on Binance Chain Wallet is BEB2 token. Copy this BEB2 to address into Binance.US. You will have to pay 0.001 BNB as fees to withdraw BNB from Binance.US to Binance Chain Wallet address. After you send the BNB to Binance Chain Wallet, it taken few minutes (under 5 minutes) for funds to show up on Binance Chain Wallet's BNB address. Secondly, Send the BNB in Binance Chain Wallet as BEB2 tokens to corresponding Binance Smart Chain BEB2 BNB token. I click Send. On the address section, select Transfer to Binance Smart Chain address. This is Binance Smart Chain address corresponding to your Binance Chain wallet you created earlier in Step 1. Hit max or amount of BNB you want to send to Binance Smart Chain BNB's BEB 20 token. In this example I am sending 0.3 BNB (BEP2) to BEP20 BNB. I have to pay 0.004075 BNB as BNB network fees. This is nothing to do with Binance.US exchange fees. We are not in Binance.US exchange any more. We are in a offline Binance Chain Wallet software wallet. In few second you can see BNB 0.2949 shows up as BEP20 BNB token. I am planning on using this BEP20 BNB used it on Metamask wallet used in Pancakeswap or compatibility yield aggregator to make interest by been a liquity provider. I like Binance Smart Chain because fees are lot smaller for little investors like myself. If I have to pay in the order of $40-$100 per transaction on DEFI exchanges like Uniswap with Ethereum as primary coin for trade, this will eat up any profit I make from Yield farming. In Binance Smart Chain, fees are lot reasonable under few dollars compare to few dozen dollars. Only drawback on Pancakeswap is liquidity is lot lower and exchange volume is lot lower than Uniswap. Also, security is not as audited like Uniswap. If you need more information on which yield aggregators to use drop a comment below. As you can see I imported my private key from Binance Chain Wallet into Metamask's Binance Smart Chain Mainnet. Paste the private code and you will able to see the coins in Metamask as well. Metamask is lot easier and convenience to use that Binance Chain Wallet for yield farming. Metamask is lot reliable compare to Binance Chain Wallet. If you want to convert any token such as convert twt bep2 to bep20 token follow this same routine. This is the easiest way on how to swap bnb bep2 to bnb bep20 on trust wallet as well.
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