Trust Walletthe self-custody Web3 wallet used by over 140 million people worldwide, has announced the integration of Binance Connecta fiat-to-crypto gateway powered by Binance. Notably, this new partnership is designed to improve access to digital assets by streamlining the process of buying and selling cryptocurrencies directly within the Trust Wallet app.
Accordingly, the integration allows Trust Wallet users to seamlessly convert fiat currencies into over 300 cryptocurrencies, with access to Binance’s liquidity and global market reach. Meanwhile, through Binance Connect, users can make transactions via multiple methods, including credit and debit cards, bank transfers, and Binance wallet balances, among others.
Trust Wallet is now integrated with Binance Connect, including P2P & Fiat solutions! @BINANCE
Enhanced On-Ramp: Expanded coverage in more regions Seamless Experience: No extra KYC for Binance users Cost-Effective P2P: Save with P2P transactions
Try Binance P2P with… pic.twitter.com/KjbD4MnYNx
— Trust Wallet (@TrustWallet) November 25, 2024
Notedly, this update is expected to significantly improve the user experience by simplifying the process of purchasing cryptocurrencies. In addition, it expands access to underserved regions, making it easier for millions of people to engage with Web3 and digital assets.
Key Features of the Trust Wallet and Binance Connect Integration:
Global Reach: Users in underserved areas can now access cryptocurrencies with greater ease.
Seamless Onboarding: Binance KYC-verified users can quickly access P2P and fiat services within Trust Wallet without additional identity checks.
Lower Costs: Binance Connect’s peer-to-peer (P2P) transaction model offers more affordable fees than traditional payment systems, supporting the wider adoption of cryptocurrencies.
Wide Currency Support: The integration supports over 100 fiat currencies, 300+ cryptocurrencies, and more than 300 payment methods, including traditional and alternative payment options.
Eowyn Chen, CEO of Trust Wallet, highlighted the strategic importance of this integration. “At Trust Wallet, we are committed to making Web3 accessible to everyone. By partnering with Binance Connect, we’re simplifying access to the on-chain world, especially for users in regions with limited traditional financial infrastructure,” Chen said. “This collaboration is a key step in empowering self-custody wallet users globally.”
Thomas Gregory, Vice President of Fiat at Binance, also spoke about the impact of the integration. “Trust Wallet’s integration of Binance Connect exemplifies how collaboration can advance the Web3 ecosystem,” Gregory said. “Together, we’re improving the user experience, making digital assets more accessible, particularly in regions with limited access to traditional financial systems.”
The integration is available immediately, and Trust Wallet users can start using Binance Connect by selecting it as their preferred payment method in the app. The process is designed to be user-friendly, making it easy for both newcomers and experienced users to complete transactions.
Trust Wallet is one of the largest self-custody Web3 wallets in the world, providing users with the ability to manage and store their crypto assets securely. The wallet offers a range of services including the buying, selling, and staking of cryptocurrencies and access to decentralized applications (dApps). Binance Connect is a fiat-to-crypto gateway powered by Binance, offering a broad range of payment methods and access to Binance’s global liquidity. Its mission is to simplify cryptocurrency access and Web3 services for users around the world.
For more information or to begin using the service, Trust Wallet users can download the app directly from Trust Wallet’s official website.
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