To transfer ETH to Trust Wallet, here are the detailed steps: First, ensure you have ETH available in your sending wallet e.g., an exchange like Coinbase or Binance, or another crypto wallet. Next, open your Trust Wallet app, tap on “Receive,” and select “Ethereum.” Your unique Ethereum wallet address will be displayed—tap to copy it.
Then, go to your sending wallet, initiate a withdrawal of ETH, paste your copied Trust Wallet address into the recipient field, confirm the network it should be Ethereum ERC-20, enter the amount you wish to send, and review the transaction details, including any network fees gas fees. Finally, confirm the transfer.
The ETH should arrive in your Trust Wallet within a few minutes, depending on network congestion.
Understanding Trust Wallet and Ethereum Transfers
Transferring cryptocurrency can seem daunting at first, but with a clear understanding of the process and a reliable wallet like Trust Wallet, it becomes a straightforward affair.
Trust Wallet is a popular, decentralized mobile wallet that supports a vast array of cryptocurrencies, including Ethereum ETH and numerous ERC-20 tokens.
Its user-friendly interface and robust security features make it a go-to choice for many crypto enthusiasts looking to manage their digital assets.
What is Trust Wallet?
Trust Wallet is a non-custodial wallet, meaning you have full control over your private keys.
This is a crucial distinction, as it implies greater responsibility but also greater security compared to custodial wallets, such as those typically found on centralized exchanges.
Developed and acquired by Binance in 2018, it has gained significant traction due to its ease of use, multi-coin support, and integration with decentralized applications dApps through its Web3 browser.
- Non-Custodial: You control your private keys, ensuring only you have access to your funds.
- Multi-Coin Support: Manages a wide range of cryptocurrencies and tokens across various blockchains.
- DApp Browser: Enables direct interaction with decentralized applications and DeFi protocols.
- Staking Opportunities: Allows users to earn rewards by staking certain cryptocurrencies.
Why Transfer ETH to Trust Wallet?
There are several compelling reasons to transfer your Ethereum ETH from an exchange or another wallet to Trust Wallet.
Primarily, it’s about gaining full control over your assets and participating more actively in the decentralized finance DeFi ecosystem.
When your ETH is on an exchange, you don’t truly own the private keys. the exchange does. How to convert ETH to zar on binance
Transferring it to Trust Wallet puts you in the driver’s seat.
- Enhanced Security: Moving ETH off exchanges reduces counterparty risk. Exchanges can be targets for hacks or face regulatory issues, potentially freezing your funds.
- True Ownership: With Trust Wallet, you hold the private keys, giving you absolute control over your Ethereum.
- DeFi Participation: Trust Wallet’s integrated dApp browser allows you to interact with DeFi protocols, participate in yield farming, lending, borrowing, and access decentralized exchanges DEXs directly from your wallet.
- NFT Management: If you’re involved in the NFT space, Trust Wallet is excellent for storing and managing your Ethereum-based NFTs.
- Convenience: Managing multiple cryptocurrencies in one place, easily accessible on your mobile device.
Preparing for Your ETH Transfer: Essential Steps
Before initiating any cryptocurrency transfer, preparation is key.
This ensures a smooth transaction and helps avoid common pitfalls that can lead to lost funds.
A little upfront effort can save a lot of headaches later.
Ensuring You Have ETH in Your Sending Wallet
The very first step is to confirm that you actually have Ethereum ETH available in the wallet or exchange you plan to send from.
This might seem obvious, but it’s a fundamental check.
Whether it’s a centralized exchange like Coinbase, Binance, or Kraken, or another software/hardware wallet, make sure the ETH balance is sufficient for the transfer, including any network fees.
- Centralized Exchanges CEXs: Log in and check your spot or funding wallet balance. Most exchanges display your available balance clearly.
- Other Wallets: Open your wallet application e.g., MetaMask, Exodus and verify your ETH balance.
- Sufficient Funds: Always double-check that the amount you wish to send, plus the associated transaction fees gas, is covered by your available balance.
Understanding Network Fees Gas
Ethereum transactions incur network fees, commonly known as “gas fees.” These fees are paid to the miners or validators who process and secure the transactions on the Ethereum blockchain.
Gas fees fluctuate based on network congestion, measured in “gwei” a small denomination of ETH. During peak times, gas fees can be significantly higher, impacting the cost of your transfer. How to convert ETH to sats
- Dynamic Pricing: Gas fees are not fixed. they change based on supply and demand for network resources.
- Gwei: The unit used to measure gas price. 1 ETH = 1,000,000,000 Gwei.
- Transaction Speed: Higher gas fees typically result in faster transaction confirmation times.
- Checking Fees: Many wallets and exchanges provide an estimate of the gas fee before you confirm a transaction. You can also use services like Etherscan Gas Tracker to monitor current gas prices. On average, a standard ETH transfer might cost anywhere from $2 to $50 or more in gas fees, depending on network activity. For example, during a peak period in May 2021, average gas fees for simple transfers surged to over $70.
Trust Wallet Setup and Backup
If you haven’t already, setting up Trust Wallet is crucial.
This involves downloading the app, creating a new wallet, and—most importantly—backing up your recovery phrase.
The recovery phrase or seed phrase is a series of 12 or 24 words that serves as the master key to your wallet.
Losing it means losing access to your funds forever.
- Download: Get the official Trust Wallet app from the Apple App Store or Google Play Store. Beware of fake apps.
- Create New Wallet: Follow the prompts to create a new multi-coin wallet.
- Secure Your Recovery Phrase: This is the most critical step. Write down your 12-word recovery phrase on paper and store it in multiple secure, offline locations. Do NOT store it digitally e.g., in screenshots, emails, cloud storage, as this makes it vulnerable to hacking.
- Verify Phrase: Trust Wallet will ask you to verify your phrase by arranging the words in the correct order. Do this carefully.
- Never Share: Never, ever share your recovery phrase with anyone, under any circumstances. Trust Wallet support will never ask for it.
The Transfer Process: Step-by-Step Guide
Once you’ve completed the preliminary checks and ensured your Trust Wallet is set up securely, you’re ready to initiate the transfer.
This process involves two main parts: getting your Trust Wallet address and sending ETH from your source.
Step 1: Locating Your Ethereum Address in Trust Wallet
Your Ethereum address is like your bank account number for receiving ETH.
Each cryptocurrency supported by Trust Wallet has its own unique address.
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Open Trust Wallet: Launch the Trust Wallet app on your mobile device.
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Select Ethereum: On the main wallet screen, you’ll see a list of cryptocurrencies. Tap on “Ethereum” ETH. How to convert my ETH to naira on bybit
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Tap “Receive”: On the Ethereum wallet screen, you’ll see options like “Send,” “Receive,” “Swap,” and “Stake.” Tap on “Receive.”
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Copy Address: Your unique Ethereum wallet address will be displayed as a QR code and a string of alphanumeric characters. Tap the “Copy” button usually two overlapping squares to copy the address to your clipboard.
- Verify: It’s a good practice to visually check the first few and last few characters of the copied address to ensure it’s correct. A typical Ethereum address starts with “0x” followed by 40 hexadecimal characters. For example,
0x742d35Cc6634C0F70081079F457E57C36d6F6b27
.
- Verify: It’s a good practice to visually check the first few and last few characters of the copied address to ensure it’s correct. A typical Ethereum address starts with “0x” followed by 40 hexadecimal characters. For example,
Step 2: Initiating the Transfer from Your Sending Wallet/Exchange
Now that you have your Trust Wallet’s ETH address, you can go to your sending platform e.g., Coinbase, Binance, MetaMask and initiate the withdrawal.
- Log in to Sending Platform: Access your exchange account or open your other crypto wallet.
- Find “Withdraw” or “Send”: Navigate to the “Wallet,” “Assets,” or “Funds” section and look for the “Withdraw” or “Send” option for Ethereum ETH.
- Select ETH: Choose Ethereum as the cryptocurrency you wish to withdraw.
- Paste Trust Wallet Address: In the “Recipient Address” or “Withdrawal Address” field, paste the Ethereum address you copied from Trust Wallet. Double-check this address carefully. A single incorrect character can result in permanent loss of funds.
- Confirm Network: Ensure the network selected is Ethereum ERC-20. Sending ETH over a different network like Binance Smart Chain/BEP-20 to an ERC-20 address can lead to irreversible loss of funds. While Trust Wallet supports multiple networks, for direct ETH transfers, ERC-20 is the native network.
- Enter Amount: Input the amount of ETH you want to transfer. Be mindful of minimum withdrawal limits set by exchanges and network fees.
- Review and Confirm: Carefully review all transaction details: the recipient address, the amount, and the estimated network fee. Some platforms will also show the final amount you will receive after fees.
- Complete Security Verification: You may be required to enter a 2-Factor Authentication 2FA code, SMS verification code, or email confirmation to authorize the withdrawal.
- Small Test Transaction: For larger transfers, it is highly recommended to send a small test amount e.g., $5-$10 worth of ETH first to ensure the process works correctly and the funds arrive in your Trust Wallet. Once confirmed, you can proceed with the full amount. This small extra step can save you from potential significant losses.
Post-Transfer Verification and Troubleshooting
After you’ve initiated the transfer, it’s natural to want to confirm its success and know what to do if things don’t go as planned.
Patience is a virtue in crypto transfers, as network congestion can sometimes cause delays.
Confirming Receipt in Trust Wallet
Once the transaction is broadcasted to the Ethereum blockchain, it will need to be confirmed by miners/validators.
This typically takes a few minutes, though it can be longer during periods of high network congestion.
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Check Trust Wallet: Go back to your Trust Wallet app. On the main wallet screen, your Ethereum balance should update once the transaction receives enough confirmations on the network.
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Transaction History: Tap on “Ethereum” within Trust Wallet, and then check the “Transactions” tab. You should see the incoming transfer listed, often with a “Pending” status initially, which will change to “Received” or “Completed” once confirmed. How to convert Cardano to eth
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Etherscan Verification: You can use a blockchain explorer like Etherscan.io to track your transaction. Most exchanges or sending wallets provide a “transaction ID” or “TxID” also called a hash. Copy this TxID and paste it into the search bar on Etherscan. You’ll see the transaction status, the number of confirmations, and the destination address. This is the definitive way to confirm if your transaction was successfully broadcasted and is pending or confirmed on the blockchain.
- Confirmations: For a typical ETH transfer, around 12-30 confirmations are usually sufficient for the receiving wallet to consider it final. Each confirmation signifies a new block added to the blockchain that includes your transaction.
Common Issues and How to Address Them
While ETH transfers are generally reliable, issues can sometimes arise. Knowing how to troubleshoot can save you stress.
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Transaction Pending for Too Long:
- Cause: High network congestion, low gas fee paid.
- Solution: Check Etherscan with your TxID. If it’s pending, you may just need to wait. If the gas fee was too low, some exchanges offer “accelerate” options, but often you just need to wait until network activity calms down, or the transaction might eventually fail and funds returned to sender.
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ETH Not Showing in Trust Wallet After Confirmation:
- Cause: Incorrect address used, wrong network selected e.g., sending ETH on BSC network to an ERC-20 address, or a display glitch.
- Solution:
- Verify Address on Etherscan: Double-check that the transaction on Etherscan confirms it was sent to your exact Trust Wallet ETH address.
- Check Network: If you sent it on a different network e.g., BNB Smart Chain, Trust Wallet can display BEP-20 ETH. You’d need to add the correct custom token contract or ensure you’re looking at the right network’s balance within Trust Wallet if supported. For native ETH, ensure ERC-20 was used.
- Refresh Wallet: Sometimes simply pulling down on the wallet screen to refresh, or closing and reopening the app, can resolve display issues.
- Contact Support: If all else fails, and you’ve confirmed the transaction on Etherscan went to the correct address, contact Trust Wallet support or the support of your sending platform.
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Sent to Wrong Address:
- Cause: User error, pasting an incorrect address.
- Solution: Unfortunately, blockchain transactions are irreversible. If you sent ETH to an incorrect address that you do not control, the funds are typically unrecoverable. This is why extreme caution and double-checking the address are paramount before confirming any transfer. This reinforces the importance of the “small test transaction” strategy.
Advanced Considerations for ETH Transfers
Beyond the basic transfer, there are several advanced concepts and best practices that can further enhance your understanding and security when dealing with Ethereum and Trust Wallet.
Interacting with dApps and DeFi
One of the primary benefits of holding ETH in Trust Wallet is the ability to directly interact with decentralized applications dApps and the burgeoning world of Decentralized Finance DeFi. Trust Wallet has a built-in Web3 browser that acts as a bridge.
- Accessing the dApp Browser: In Trust Wallet, tap the “Browser” icon at the bottom. This will open a browser where you can navigate to dApp websites e.g., Uniswap, PancakeSwap, Aave, Compound.
- Connecting Your Wallet: Once on a dApp site, look for a “Connect Wallet” button. Trust Wallet will typically appear as an option. Tapping it will prompt you to authorize the connection, allowing the dApp to see your wallet address but not your private keys or recovery phrase.
- Executing Transactions: When you perform an action on a dApp e.g., swapping tokens, providing liquidity, staking, Trust Wallet will pop up to ask for your confirmation. This includes displaying the gas fee for the transaction. Always review these transaction details carefully before approving.
- Smart Contracts: Interactions with dApps involve smart contracts. Understanding what a smart contract is doing before approving it is crucial. Platforms like Revoke.cash can help you manage and revoke approvals given to smart contracts to protect your assets.
Security Best Practices for Your Trust Wallet
While Trust Wallet provides excellent security features, the ultimate responsibility for keeping your funds safe lies with you.
Adhering to strict security practices is non-negotiable.
- Guard Your Recovery Phrase Seed Phrase: This is the single most important security measure.
- Offline Storage: Write it down on paper. Use multiple copies stored in physically separate, secure locations e.g., a safe, a fireproof box.
- No Digital Copies: Absolutely no screenshots, photos, cloud storage, email, or text files. If your digital device is compromised, your phrase is exposed.
- No Sharing: Never share it with anyone. Scammers will try every trick in the book to get it.
- Enable Biometrics/Passcode: Set up Face ID, Touch ID, or a strong passcode on your Trust Wallet app to prevent unauthorized access if your phone is lost or stolen.
- Be Wary of Phishing: Only download Trust Wallet from official app stores. Double-check URLs when interacting with dApps. Scammers create fake websites that look identical to legitimate ones.
- Regular Software Updates: Keep your Trust Wallet app updated to the latest version to benefit from security patches and new features.
- Revoke Smart Contract Approvals: Periodically check and revoke token allowances given to dApps that you no longer use or trust. This prevents malicious dApps from spending your tokens without your consent.
- Use a Hardware Wallet for larger sums: For significant amounts of ETH, consider moving it to a hardware wallet e.g., Ledger, Trezor. While Trust Wallet is secure for everyday use, hardware wallets offer an even higher level of security by storing your private keys offline. Trust Wallet can often be connected to hardware wallets for easier management.
Understanding Token Standards ERC-20, BEP-20, etc.
When transferring cryptocurrencies, especially within Trust Wallet which supports multiple blockchains, it’s vital to understand token standards. ETH on the Ethereum blockchain is an ERC-20 token and native ETH itself uses the Ethereum protocol. How to convert Cardano address to private key
- ERC-20: This is the technical standard used for smart contracts on the Ethereum blockchain for fungible tokens tokens that are interchangeable, like currency. Most tokens built on Ethereum adhere to this standard. When you transfer native ETH, you are essentially using the underlying Ethereum protocol, which is what the ERC-20 standard builds upon.
- BEP-20: This is a token standard on the Binance Smart Chain BSC. While ETH can exist as a BEP-20 token often referred to as “Wrapped ETH” or “WETH” on BSC, it is not native Ethereum.
- Crucial Implication: Sending ERC-20 ETH to a BEP-20 address or vice-versa, without proper bridging will result in the loss of funds. Always ensure the network matches the token standard you are sending. Trust Wallet clearly labels the network type for each asset. When sending native ETH from an exchange, always select the “Ethereum ERC-20” network.
Ethical Considerations in Cryptocurrency Management
As a Muslim professional blog writer, it’s essential to address the ethical dimensions of engaging with cryptocurrency, ensuring practices align with Islamic principles.
While the underlying technology of blockchain and cryptocurrencies like Ethereum can be permissible, the applications and surrounding ecosystem often present areas requiring careful discernment.
Avoiding Haram Activities in the Crypto Space
It is crucial to identify and steer clear of these activities to maintain a pure and permissible financial portfolio.
- Gambling and Betting: Many crypto platforms, particularly those associated with decentralized finance DeFi or NFTs, incorporate elements of gambling, lottery, or betting e.g., prediction markets, certain play-to-earn games that rely heavily on chance. Engaging in these is akin to traditional gambling, which is strictly prohibited.
- Alternative: Focus on utility-based projects, ethical blockchain applications, or genuine value creation through technology, rather than speculative or chance-based ventures.
- Riba Interest: DeFi protocols often offer lending and borrowing platforms that operate on interest-based models riba. Earning interest on crypto assets or paying interest on borrowed funds is considered haram.
- Alternative: Explore halal financing models, such as profit-sharing Musharakah, Mudarabah or cost-plus financing Murabahah, if and when such alternatives become available within the crypto space. Currently, direct involvement in interest-bearing DeFi protocols should be avoided.
- Financial Fraud and Scams: The crypto space is unfortunately rife with scams, pump-and-dump schemes, and fraudulent projects. Participating in or promoting such activities is a severe transgression.
- Alternative: Conduct thorough due diligence DYOR – Do Your Own Research on any project, team, and its underlying technology. Focus on legitimate projects with transparent operations, clear utility, and a strong community. Avoid projects promising unrealistic returns.
- Investments in Haram Industries: Some cryptocurrencies might be associated with or fund industries that are haram, such as alcohol, adult entertainment, or conventional gambling.
- Alternative: Research the core purpose and applications of any token you consider holding. Ensure it aligns with ethical and permissible industry standards.
Promoting Halal Alternatives and Responsible Practices
For those looking to engage with cryptocurrency in a permissible manner, the focus should shift towards ethical investments, honest transactions, and beneficial uses of the technology.
- Ethical Blockchain Applications: Support blockchain projects that aim to solve real-world problems, enhance transparency, improve supply chains, facilitate charitable giving, or create decentralized, censorship-resistant communication platforms. These applications leverage the technology for good.
- Honest Trade and Utility: Focus on cryptocurrencies that have genuine utility and are used for transparent, honest trade of goods and services. This aligns with the Islamic emphasis on fair commerce.
- Education and Awareness: Equip yourself with knowledge about both the technical and ethical aspects of crypto. Sharing this knowledge with the community can help others avoid pitfalls and make informed, permissible choices.
- Zakat on Crypto Assets: If your crypto holdings meet the Nisab minimum threshold and have been held for a full lunar year Hawl, Zakat may be applicable. Consult with knowledgeable Islamic scholars on the specific rulings for calculating Zakat on different types of crypto assets. This is an important part of responsible wealth management in Islam.
- Avoiding Excessive Speculation: While trading is not inherently haram, excessive speculation driven by greed, without underlying value or analysis, can lead to gambling-like behavior. Encourage thoughtful, research-backed investment rather than impulsive trading based on hype.
Prioritizing legitimate utility, avoiding interest-based transactions, and steering clear of speculative gambling are foundational steps.
Frequently Asked Questions
How long does it take to transfer ETH to Trust Wallet?
Typically, transferring ETH to Trust Wallet takes anywhere from a few minutes to an hour, depending on the current Ethereum network congestion and the gas fee you paid. During peak times, it might take longer.
You can track the transaction status using its TxID on Etherscan.
Is Trust Wallet safe for storing ETH?
Yes, Trust Wallet is considered safe for storing ETH because it is a non-custodial wallet, meaning you hold the private keys.
However, its safety depends entirely on your ability to securely protect your recovery phrase seed phrase and avoid phishing attempts. How to convert Cardano to inr in stake in hindi
What are gas fees when transferring ETH?
Gas fees are transaction costs paid to the Ethereum network’s miners or validators to process and confirm your ETH transfer.
They are denominated in Gwei a small unit of ETH and fluctuate based on network demand and congestion.
Can I send ETH from Coinbase to Trust Wallet?
Yes, you can easily send ETH from Coinbase to Trust Wallet.
You’ll need to go to the “Send/Receive” section on Coinbase, choose ETH, paste your Trust Wallet’s Ethereum receive address, specify the amount, and confirm the transaction.
What happens if I send ETH to the wrong address?
If you send ETH to the wrong address that you do not own or control, the funds are most likely lost permanently.
Blockchain transactions are irreversible, which is why extreme caution and double-checking the address are crucial.
Do I need to pay fees to receive ETH in Trust Wallet?
No, you do not pay a fee to receive ETH in Trust Wallet.
The sender is responsible for paying the network gas fees associated with the transaction.
Can I transfer any ERC-20 token to Trust Wallet?
Yes, Trust Wallet supports virtually all ERC-20 tokens.
If a token isn’t automatically displayed, you can usually add it as a custom token by importing its contract address. How to transfer Cardano to bybit
Why is my ETH transfer pending for so long?
A pending ETH transfer typically means the transaction is awaiting confirmation on the Ethereum network.
This is usually due to high network congestion or if you paid a low gas fee, causing your transaction to be prioritized lower by miners.
How do I find my ETH address in Trust Wallet?
To find your ETH address in Trust Wallet, open the app, tap on “Ethereum” from your main wallet list, then tap on the “Receive” button.
Your unique Ethereum address will be displayed along with a QR code, and you can copy it to your clipboard.
What is a recovery phrase seed phrase and why is it important?
A recovery phrase e.g., 12 or 24 words is the master key to your Trust Wallet.
It allows you to restore access to your funds if you lose your phone or delete the app.
It is critically important because anyone with your recovery phrase can access and control your funds.
Can I send ETH from Trust Wallet to an exchange?
Yes, you can send ETH from Trust Wallet to an exchange.
You’ll need to get the ETH deposit address from your exchange account, then use the “Send” function within Trust Wallet, paste the exchange’s deposit address, and confirm.
What is the difference between ERC-20 and BEP-20 ETH?
ERC-20 ETH is native Ethereum on the Ethereum blockchain. How to transfer Cardano to different wallet
BEP-20 ETH is a wrapped version of ETH on the Binance Smart Chain BSC. They are on different networks, and sending one to an address expecting the other can result in loss of funds. Always ensure the network matches.
Is there a minimum amount of ETH I can transfer?
While Trust Wallet itself doesn’t impose a minimum receive amount, your sending platform exchange or other wallet might have a minimum withdrawal limit for ETH due to network fees or internal policies.
How do I check the status of my ETH transfer on Etherscan?
You can check the status of your ETH transfer on Etherscan by pasting your transaction ID TxID or hash into the search bar on etherscan.io.
This will show you details like transaction status, sender/receiver addresses, and confirmation count.
What if my Trust Wallet balance doesn’t update after a transfer?
First, ensure the transaction is confirmed on Etherscan and sent to the correct address.
Try refreshing your Trust Wallet by pulling down on the screen or closing and reopening the app.
If the issue persists, contact Trust Wallet support.
Is Trust Wallet free to use?
Yes, the Trust Wallet app is free to download and use.
However, you will still incur standard network gas fees for sending transactions on the blockchain. How to convert Cardano to aud
Can I swap ETH for other cryptocurrencies in Trust Wallet?
Yes, Trust Wallet has an integrated “Swap” feature that allows you to exchange ETH for various other cryptocurrencies and ERC-20 tokens directly within the app, often leveraging decentralized exchanges.
What precautions should I take before sending a large amount of ETH?
For large amounts, always perform a small test transfer first to ensure the process works and funds arrive.
Double-check the recipient address meticulously, confirm the network, and ensure you have your recovery phrase securely backed up.
How do I enable 2FA for Trust Wallet?
Trust Wallet itself doesn’t have a traditional 2FA like exchanges which rely on email/SMS. Instead, it relies on your device’s security passcode, Face ID, Touch ID for app access and the inviolability of your recovery phrase for ultimate security.
What if I accidentally send ETH to a non-Ethereum address in Trust Wallet?
If you send native ETH ERC-20 to an address that is not designed to receive ERC-20 tokens within Trust Wallet e.g., a Bitcoin address, the funds are likely unrecoverable.
Always verify the address type matches the asset being sent.
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