Crypto investment is slowly taking on a broader meaning because now it no longer just means buying, selling, and trading bitcoin. Crypto investors can now partake in other activities such as mining, staking, DeFi, NFTs, lending, yield farming, and derivatives speculation.
Consequently, crypto wallets must provide these features to remain attractive to crypto investors. The two best options for blockchain wallets are Exodus and Binance’s Trust Wallet.
They offer their users unique functionalities that give them an edge in the market, but they are similar in more ways than one at their core.
Some investors may find it necessary to use both wallets for their daily activities, and if you are one of them, you may want to transfer assets between them.
This guide will show you how to transfer Bitcoin from Exodus to Trust Wallet.
The process is simple, but we will take you step by step, explaining every aspect as we go along to make sure you understand everything from start to finish.
What is Exodus good for?
Exodus is a cryptocurrency wallet available for desktop and mobile devices.
Launched in 2015 to make crypto self-custody less cumbersome and easier for beginners, Exodus has now become a fan favorite among crypto investors.
Few other digital asset wallets offer as intuitive a user experience as Exodus wallet.
The biggest criticism of the Exodus wallet over the years has been the lack of control over the fees paid for transactions initiated through the wallet.
However, this criticism has been addressed, and Exodus users are now able to control how much they are willing to pay to send crypto to other wallets.
Exodus has also added more functionality to its wallet allowing users to take advantage of increased utility for their digital assets such as staking to earn rewards, exchanging assets, participating in DeFi marketplaces, and betting on sports matches.
Exodus offers many features, and its developers promise more in the future.
What is Trust Wallet good for?
Trust Wallet is a mobile-only cryptocurrency wallet available on the Apple App Store and Google’s Android Play Store.
The company behind the wallet was acquired by Binance exchange, the leading cryptocurrency exchange by daily trading volume.
This acquisition has helped it integrate several features and products already available on Binance, making it one of the most feature-packed mobile wallets in the market.
Users of the Trust Wallet can enjoy services such as staking more than ten assets, storing over one million digital assets, including NFTs across more than 50 different blockchains, browsing decentralized applications (dApps), and buying crypto with a credit card. There is a lot you can do with the Trust Wallet.
Is Trust Wallet better than Exodus?
Whether Trust Wallet is better than Exodus is subjective because they each have their merits and drawbacks.
Trust Wallet, for instance, has more functionality than Exodus in almost every aspect.
Where Exodus supports 153 digital assets, Trust Wallet supports over one million.
With exodus, users can stake up to seven coins, while Trust Users have five extra assets at their disposal.
Where Exodus shines brighter than Trust Wallet is the ease of use and the intuitiveness of its interfaces across all platforms.
Trust Wallet has many features, all cramped into a compact mobile interface making its use clanky, especially for beginners.
If a user values an intuitive interface over features, as most newbies do, it’s hard to beat Exodus.
However, for someone looking for extra functionality, support for countless assets, and easy integration to the leading crypto trading platform, Trust Wallet is also hard to beat.
Why transfer assets from Exodus to Trust Wallet?
There are several reasons to transfer assets from your Exodus wallet to Trust Wallet. They include the following:
- You get access to more assets to exchange because Exodus only supports 153 cryptocurrencies, while Trust Wallet supports over one million across more than 53 blockchain networks.
- Your assets gain more utility on Trust Wallet, including using them to buy NFTs, staking or exchanging them for several other assets, and lending them for interest.
- Trust wallet has more features, including storing NFTs, interacting with dApps, buying, trading, and staking crypto.
How to transfer from Exodus to Trust Wallet (Step by Step Guide)
Follow these steps to send your digital assets from Exodus to Trust Wallet. In our example, we have used Bitcoin, but the same process applies to any other asset supported by Exodus.
Step 1 – Log in to Exodus
Open your Exodus wallet application on your mobile or desktop device. We are using the desktop version, but the same applies to the mobile version.
Click the [Wallet] button on the top menu to access the wallet section of the application.
Step 2 – Select the asset to send
Select the asset you want to send to Trust Wallet in the following screen. If it is not one of the more prominent ones, such as Bitcoin or Ethereum, you can scroll or use the search bar to locate it.
In our case, we have selected Bitcoin from the left side and then clicked on the [Send] button to load the transaction initiation screen.
Step 3 – Fill in the transaction details.
In this step, you will need the wallet address from your Trust Wallet. You will then fill in the number of coins to send. You can specify the exact number of coins or specify the equivalent amount in USD.
Let’s head to the Trust Wallet application to get the wallet address.
Step 4 – Access your Trust Wallet
Install Trust Wallet and ensure you back up the recovery seed phrases. Write them down on a piece of paper and store them safely.
Once you are through with the setup process, open the application.
The default homepage is labeled ‘Tokens.’ It lists the assets held in the wallet. If you do not see your preferred asset on this list, you can add it from the ‘Settings’ page.
Step 5 – Access the Bitcoin account
On the Trust Wallet Tokens page, click on the [Receive] button to load the various assets that the wallet supports.
Search for the asset you want to transfer from Exodus. In our case, that is Bitcoin (BTC). Click on it to reveal the receiving wallet address.
Step 6 – Copy wallet address
On the wallet display screen, you will see several options you can choose from, including a QR code.
You can scan this code to copy the wallet address, but we will copy the text version using the copy button below the QR code since we are using the desktop version.
Once you click on the [Copy] button, the wallet address will be stored on the clipboard, ready to be pasted.
Step 7 – Complete the transaction on Exodus.
Head back to Exodus wallet with the copied address and paste it in the wallet address form field as shown below.
You can change the fees you want to pay by moving the slider to the left or right side or using the pencil icon to type out the exact rate you want to pay.
Once you are done tweaking the transaction details, click on the [Send] button to initiate the transaction. The sent coins/tokens will reflect on the Trust Wallet after the network validators confirm the transaction. Depending on the network, it may take a few minutes to a few hours to complete the transaction.
That is the simple process involved in sending funds over from Exodus wallet to Trust Wallet.
You may find it necessary to transfer assets between the two wallets, and if that’s the case, now you know how.
Trust wallet has many more advantages than Exodus, but the latter has its place in the cryptocurrency scene.