Are you looking to swap or convert ETH (Ethereum) to BNB (Binance Coin)?
Or do you want to convert ETH to Smart Chain?
Swapping allows you to exchange one cryptocurrency for another.
Most cryptocurrency exchanges like Binance allow you to do this.
Binance is the most popular cryptocurrency exchange with very low fees.
Hence, its highly recommended for beginners and professionals alike.
However, you need to create an account on the exchange before you can make a swap.
But don’t worry, creating an account on a cryptocurrency exchange is usually quick and easy.
In this guide, you’ll learn how to swap ETH to BNB using the Binance exchange.
How to Swap ETH to BNB
To swap ETH to BNB, you must first download the Binance app and create an account.
Then, deposit your BNB into your BNB wallet on Binance and navigate to the “Convert” page.
On the “Convert” page, you’ll be able to swap ETH to BNB in one go.
On Binance, there are no trading fees.
In other words, no fees will be incurred when you’re swapping a cryptocurrency for another.
However, there’ll be a spread, which means that the cryptocurrencies that you’re swapping will be higher than the market price.
After you’ve swapped Ethereum to BNB, you can then withdraw your BNB to your desired wallet.
Here’s how to swap ETH to BNB:
- Download the Binance app & create an account
- Deposit ETH into your ETH wallet on Binance
- Tap on “Convert”
- Convert BNB to ETH
1. Download the Binance app & create an account
Get started on Binance here: https://www.binance.com/en/register?ref=73583477 or use “73583477” as the referral code.
To swap cryptocurrencies, you need to create an account on a cryptocurrency exchange like Binance.
Most exchanges have a converter that allows you to swap a cryptocurrency for another.
Binance is highly recommended due to its low fees and 24/7 support.
Firstly, open the App Store or Google Play Store and download Binance.
Alternatively, you can use Binance on your desktop.
After you’ve downloaded Binance, open the app.
If you’re using Binance on your desktop, use the referral link above to create an account.
After you’ve opened Binance, tap on the “Sign Up / Log In” button.
Next, tap on “Register” to open the registration page.
On the registration page, enter your email address.
Then, choose a password containing a mix of uppercase letters, lowercase letters, and numbers.
Next, tap on the “Referral ID (Optional)” header to expand it.
Copy “73583477” and paste it on the “Referral ID” field.
Lastly, verify your email address to complete the account creation process.
2. Deposit ETH into your ETH wallet on Binance
The second step is to navigate to your ETH wallet on Binance.
This is because you need to deposit ETH into your ETH wallet on Binance to swap it for BNB.
In this guide, we’ll be using the Lite version of Binance.
If you’re not on the Lite version of Binance, tap on the profile icon, then tap on the switch on “Binance Lite” to enable it.
Once you’re on Binance Lite, tap on the wallet icon on the bottom navigation bar.
This will open your Binance wallet.
Next, tap on the “Deposit” button under your total balance.
After you’ve tapped on the “Deposit” button, you’ll land on the “Choose Currency” page.
On the “Choose Currency” page, you’ll see a couple of tabs including “Fiat” and “Crypto”.
By default, you’ll be on the “Fiat” tab.
Tap on the “Crypto” tab to open a list of cryptocurrencies that you can deposit.
On the search bar, search for “Ethereum” or “ETH”.
Lastly, tap on “ETH (Ethereum)” to open your ETH wallet on Binance.
After you’ve tapped on “ETH (Ethereum)”, you’ll land on the “Deposit ETH” page.
On the “Deposit ETH” page, you’ll see your ETH address.
Your ETH address is located under the “ETH Deposit Address” header.
Under the “ETH Deposit Address” header, tap on the duplicate icon to copy your ETH Deposit Address.
Then, send your Ethereum from your other wallet to this address.
For example, if your Ethereum is on Metamask, you need to transfer it to your ETH wallet on Binance.
You can learn how to do this by reading this article.
In a nutshell, you need to navigate to the “Send ETH” page on Metamask, Trust Wallet, etc., and paste your Binance ETH address.
3. Tap on “Convert”
Once you’ve sent your Ethereum to your Ethereum wallet on Binance, you’ll be able to swap it for BNB.
Firstly, tap on the reverse icon on the bottom navigation bar.
After you’ve tapped on the reverse icon, a navigation menu will open.
On the navigation menu, you’ll see multiple options including “Buy”, “Sell”, “Deposit”, and “Convert”.
Tap on “Convert” to go to the “Convert” page.
4. Convert BNB to ETH
After you’ve tapped on “Convert”, you’ll land on the “Convert” page.
On the “Convert” page, you’ll see a couple of fields including “From” and “To”.
Firstly, tap on the “From” field.
This will open a list of cryptocurrencies that you can convert from.
Search for “ETH” and tap on “ETH (Ethereum)” to change the “From” field to “ETH”.
Secondly, tap on the “To” field and search for “BNB”.
Then, tap on “BNB” to change the “To” field to “BNB”.
Thirdly, enter the amount of Ethereum that you want to swap for BNB.
Make sure you have sufficient Ethereum or the transaction will fail.
Lastly, tap on “Preview conversion” followed by “Convert” to swap your ETH to BNB.
After you’ve swapped ETH to BNB, you can send the BNB to another wallet.
You’ve successfully swapped your ETH (Ethereum) to BNB (Binance Coin)!
Before you swap a cryptocurrency for another, you need to know a few things.
Firstly, you need to check the exchange fees.
Some cryptocurrency exchanges charge a very high exchange fee.
In addition, you need to check the cryptocurrency pair that you want to swap.
Transactions are final and cannot be reverted.
Lastly, when you’re sending your swapped cryptocurrency, make sure to send it to the right wallet.
Sending your cryptocurrency to the wrong wallet might lead to a loss of funds.