Best Way to Explain How to use Trust Wallet Adds In-App Cross-Chain Swaps Functionality THORChain Integration
THORChain is a settlement layer that facilitates swaps between 8 chains: Bitcoin, Ethereum, Binance Chain, Avalanche, Cosmos Hub, Dogecoin, Litecoin, and Bitcoin Cash.THORChain is secured by its native token, RUNE, which deterministically accrues value as more assets are deposited into the network world wild.
All investors world wild can use THORChain to swap native assets between any supported chains or deposit their assets to earn yield from swaps. With integration. investors will no longer need fiat onramps, or have the need interact with complex cross-chain swaps protocols to complete a swap across different blockchains. Best part is that Trust Wallet doesn’t charge any service fee for executing cross-chain swaps.
but let dive in for better explanation of all investors around the world.
What type of swaps you can perform in your Trust Wallet mobile app?
THORChain swaps:
With THORChain swaps investors can swap BTC, ETH, BNB(BEP2) and BUSD(BEP2) among a few other BEP2 assets.
Cross-chain swaps:
Cross Swaps allow investors to swap Binance Beacon Chain BNB(BEP2) with Binance Smart Chain BNB(BEP20) and vice-versa.
1inch swaps:
1inch swaps enable investors to do interchain swaps on 8 EVM chains that include Ethereum, BSC, Avalanche, Polygon, Arbitrum, Optimism, Gnosis, and Fantom. This means investors can swap ETH with any ERC 20 tokens directly on their Trust Wallet without having to connect to 1inch’s Dapp world wild. investors can also swap BNB(BEP20) with any BEP20 token and so on without having to worry.
How to swap BTC to ETH using trust wallet THORChain Integration
how to swap from BTC to ETH. This is called a cross-chain swap because investors are swapping coins from two different blockchains.
Keep in mind that you can also swap between BTC, ETH, BNB(BEP2) and BUSD(BEP2), but for this example we will be swapping BTC to ETH.
Step 1: investors will need to go main wallet and click the ‘Swap’ button.
Step 2: investors will Select BTC in the ‘You Pay’ box and ETH in the ‘You Get’ box and enter the amount you like to swap as demonstrated below.
Step 3: Click on ‘Preview Swap’ then click on ‘Confirm Swap’ to complete your cross-chain swap.
Keep in mind that Some BTC swaps may take some time due to network congestion so please be sure to give your transaction some time to be completed. Wait a few minutes till the transaction gets processed and you should have your balance showing on your main wallet page. You can always view your transaction history in the app as demonstrated below.
Trust Wallet offers a whole new level of freedom and flexibility, with powerful swap functionalities that let you easily explore the world of coins, tokens and Dapps.
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