Trust Wallet is a mobile cryptocurrency wallet that allows users to store, send, receive, and exchange various cryptocurrencies. One of the most popular cryptocurrencies among users is Tether (USDT), which is a stablecoin pegged to the US dollar. However, many users prefer to hold or trade Bitcoin (BTC), which is the largest cryptocurrency by market capitalization. In this article, we will explain how to swap Tether to Bitcoin on Trust Wallet.
Step 1: Download and install Trust Wallet
If you don’t have Trust Wallet already, you can download it from the App Store for iOS or Google Play Store for Android. Once you install the app, you will need to create a new wallet or import an existing one. Follow the instructions on the screen to set up your wallet.
Step 2: Add Tether and Bitcoin to your Trust Wallet
Before you can swap Tether to Bitcoin, you need to have both cryptocurrencies in your Trust Wallet. To add Tether, go to the main screen of the app and click on the “Add Coin” button. Then, search for “USDT” and select the Tether (ERC20) option. Follow the instructions to add USDT to your wallet.
To add Bitcoin, click on the “Add Coin” button again and search for “BTC”. Select the Bitcoin option and follow the instructions to add BTC to your wallet.
Step 3: Initiate the swap
To swap Tether to Bitcoin, go to the main screen of the app and click on the “Exchange” button. Then, select the “Swap” option. Choose Tether as the currency you want to exchange and Bitcoin as the currency you want to receive. Enter the amount of Tether you want to exchange and click on the “Swap” button.
Step 4: Review and confirm the transaction
Before the swap is executed, Trust Wallet will show you the exchange rate, the estimated amount of Bitcoin you will receive, and the fee for the transaction. Review the details carefully and make sure you are happy with the exchange rate and the fee. Then, click on the “Confirm Swap” button to proceed with the transaction.
Step 5: Wait for the transaction to complete
After you confirm the swap, Trust Wallet will initiate the transaction and send your Tether to the exchange platform. The platform will then convert your Tether to Bitcoin and send it back to your Trust Wallet. The transaction may take a few minutes to complete, depending on the network congestion and the exchange platform’s processing time.
Step 6: Check your balance
Once the transaction is complete, you can check your Trust Wallet balance to see the new amount of Bitcoin you received. You can also view the transaction details on the blockchain explorer by clicking on the transaction ID in the app.
Conclusion
Swapping Tether to Bitcoin on Trust Wallet is a simple and convenient way to convert one cryptocurrency to another. With Trust Wallet, you can securely store your cryptocurrencies and exchange them without leaving the app. Follow the steps above to swap Tether to Bitcoin on Trust Wallet and start trading the largest cryptocurrency in the world.