Are you looking to bet BNB on Trust Wallet?
Staking coins like BNB gives you decision-making power on the network.
It also gives you the ability to vote and generate passive income.
This is similar to receiving interest for holding money in a bank account.
Coin staking reduces the need to purchase expensive hardware.
In addition, staking provides guaranteed returns and predictable income.
On Trust Wallet, you can bet multiple coins like BNB, TRX, XTZ, ATOM and more.
Table of Contents:
How to bet BNB on Trust Wallet
To bet BNB on Trust Wallet, you need to navigate to your BNB wallet.
On your BNB wallet, you will see an “More” icon that contains more options such as staking.
Then, you are required to enter the number of BNB you wish to bet.
If you don’t have BNB yet, you can buy it from Binance and transfer it to Trust Wallet.
Buying BNB on Binance is highly recommended as the fees are very low.
If you were to buy BNB on Trust Wallet, you would be using a third-party provider that has very high fees (up to 5%).
Once you have entered the number of BNB you want to bet, you will land on the confirmation screen.
The confirmation screen indicates how much BNB you are staking and network rates.
Here’s how you can bet BNB on Trust Wallet:
1. Switch to BNB
First, open Trust Wallet and go to the wallet page.
On the wallet page, you will see a list of coins including “Bitcoin”, “Ethereum”, “BNB” and “Smart Chain”.
Tap “BNB” to go to your BNB wallet.
If you haven’t purchased BNB yet, you can buy it from Binance.
If you don’t have a Binance account, you can use this referral link to create one: https://www.binance.com/en/register?ref=73583477 or use “73583477” as your referral code.
Then, transfer your BNB to your BNB wallet to Trust Wallet.
After tapping on BNB, you will land on your BNB wallet.
On your BNB wallet, you will see your BNB balance.
You’ll also see four icons below your balance, including “Send,” “Receive,” “Copy,” and “More.”
Tap the “More” icon to open more options.
2. Choose the BNB amount
After tapping on the “More” icon, a navigation menu will open.
The navigation menu contains several options including “Pole Details”, “Pole”, “Cancel Exit” and more.
The “Bet Details” option allows you to see your betting rewards.
On the other hand, the “Stake” option allows you to bet your BNB.
Since you haven’t staked your BNB yet, tap “Stake”.
After tapping “Stake”, you will land on the “BNB Stake” page.
On the “BNB Stake” page, you will see a “BNB Amount” field and a “Validator” field.
In the “BNB Amount” field, enter the amount of BNB you want to bet.
By tapping on the “Validator” field, you will see a list of validators.
Each validator provides a different betting reward.
By default, the “TW Staking” validator will be selected.
If you agree with this, tap on “Next” to proceed to the last step.
3. Confirm your bet
After tapping “Next”, you will land on the confirmation page.
On the confirmation page, you will see where your BNB and the validator you selected came from.
You will also see the network rate and the total number of BNBs you are betting.
Tap “Submit” to complete the betting process.
If successful, you will be able to see a staked transaction on your BNB wallet.
You have successfully learned how to bet BNB on Trust Wallet!
How to Cancel BNB on Trust Wallet
To cancel BNB on Trust Wallet, you need to log in to your BNB Wallet and tap on the “More” icon.
Then, tap “Unstake” to cancel your BNB.
Once you have started the withdrawal cancellation process, it will take 7 days before your BNB is available.
In addition, you will not receive any betting rewards.
1. Switch to BNB
The first step is to navigate to your BNB wallet on Trust Wallet.
First, open Trust Wallet and go to the wallet page.
On the wallet page, tap “BNB”.
2. Tap “More”
After tapping on “BNB”, you will land on your BNB wallet.
On your BNB wallet, you will see more icons.
Tap the “More” icon to open more options.
3. Tap “Cancel”
After tapping on the “More” icon, a navigation menu will open.
Tap “Unstake” to cancel your BNB on Trust Wallet.
Then, enter the amount of BNB you want to cancel.
Then, tap “Next” to go to the confirmation screen.
Review the transaction and tap “Send” to complete the withdrawal cancellation process.
After completing the withdrawal cancellation process, you will be able to see the transaction on your BNB wallet.
Tap on it to show the details of the transaction.
To check the cancellation status, tap “More” on your BNB wallet followed by “Bet Details”.
You have successfully learned how to cancel your BNB on Trust Wallet!
Conclusion
Staking is a great way to earn interest rates on your coins like BNB.
You can earn up to 130% APR on Trust Wallet.
However, there are risks involved when you are betting.
When you bet a coin, it will be locked and you will not be able to move or exchange it.
Price volatility is also common, and due to a loss of liquidity, the token may fall in price.
Finally, the distribution of prizes may be delayed depending on the validator.
Before placing a coin on Trust Wallet, it is best to do your due diligence first to avoid uncertainties.
