Earn ETH on Venus Protocol Using Trust Wallet | Trust Wallet (2024)

Venus Protocol is a leading DeFi lending app on Binance Smart Chain (BSC) that allows you to earn yield on your cryptoassets. Download Trust Wallet to start earning ETH on Venus.

How to Earn ETH Using Trust Wallet

2

Convert your BNB to ETH

Convert BNB (BEP20) into ETH (BEP20) trough Trust Wallet DEX

3

Open Venus App in the Trust Wallet DAppBrowser

Click on the DApp Browser and search for Venus under DeFi, deposit ETH in a supply pool, and start earning interest in ETH.

Earn ETH on Venus Protocol Using Trust Wallet | Trust Wallet (1)

Access Venus using the Trust Wallet DAppBrowser

The Trust Wallet DApp Browser provides you with easy access to the DeFi lending market on Binance Smart Chain.Trust Wallet supports Venus Protocol to allow you to securely store all Binance Smart Chain assets - including pegged ETH and XVS - in Trust Wallet once you have received your interest payments and liquidity mining rewards.Additionally, you can seamlessly swap your pegged ether tokens (ETH) into other BEP20 assets directly within Trust Wallet.

Earn ETH on Venus Protocol Using Trust Wallet | Trust Wallet (2)

Swap BNB to ETH Using Trust Wallet

Convert BNB (BEP20) into ETH (BEP20) in your Trust Wallet so that you can deploy pegged ETH tokens in a range of DeFi protocols on Binance Smart Chain.

Earn ETH on Venus Protocol Using Trust Wallet | Trust Wallet (3)

Deposit ETH in a Venus to Earn More ETH

Deposit ETH in a Venus lending pool to receive interest payments paid out in ETH (plus XVS tokens as a liquidity mining reward).

How to Earn Interest on ETH UsingVenus

  • Download Trust Wallet on Android or iOS.
  • Swap BNB (BEP20) tokens into ETH (BEP20) in Trust Wallet.
  • Access the DApp Browser and find Venus under DeFi.
  • Click on the Dashboard and connect your Smart Chain wallet.
  • Click on the ETH Supply Market and approve ETH as collateral (by signing the smart contract transaction using Trust Wallet).
  • Enable ETH Supply by signing the transaction using Trust Wallet.
  • Deposit the amount of ETH you would like to lend in the lending pool.
  • Start earning interest (in ETH) and liquidity mining rewards (in XVS) as soon as the next block is mined.
And that's it!Earning ETH by providing liquidity to a decentralized lending market on Venus is that simple.Download Trust Wallet today to start earning ETH on Venus Protocol.Download Now
Earn ETH on Venus Protocol Using Trust Wallet | Trust Wallet (2024)

FAQs

How do you get free Ethereum in trust? ›

How to Earn ETH Using Trust Wallet
  1. Install Trust Wallet. Download the iOS Crypto Wallet / Android Crypto Wallet.
  2. Convert your BNB to ETH. Convert BNB (BEP20) into ETH (BEP20) trough Trust Wallet DEX.
  3. Open Venus App in the Trust Wallet DApp Browser.

How do you earn money with Trust Wallet? ›

Trust Wallet has built-in staking, which means it lets you stake eligible crypto to earn interest on your assets. Your interest is automatically paid back in the crypto token you chose to stake. Crypto coins that Trust Wallet currently lets you stake include: Binance Coin.

Does Trust Wallet work with ETH? ›

Just like you can buy, withdraw, send, or receive ETH using Trust Wallet, you can also swap your ether tokens. To do this, go to Trust Wallet, click on 'ETH', then on 'More'.

Which app gives free Ethereum? ›

Coinbase Earn

The next best place to get free Ethereum is the Coinbase app. Coinbase is among the largest crypto exchanges in the world. The platform has a feature called Coinbase Earn, where you earn Ethereum for watching educational videos.

How to bypass Ethereum fees? ›

How to Avoid Ethereum Gas Fees
  1. Use DeFi Saver App.
  2. Optimize your Transaction Timings.
  3. Use DApps That Offer Discounts and Rebates.
  4. Utilize Gas Tokens.
  5. Accurate Calculation of Ethereum Gas Fees.
  6. Use a Layer-2 Blockchain.
May 3, 2023

What is the cheapest way to get ETH into Trust Wallet? ›

What is the cheapest way to get ETH into a ledge wallet? The cheapest ways to send ETH to your Trust Wallet would be either via Gemini or the FTX App. This is because both of these platforms do not charge any withdrawal fees for ERC20 withdrawals.

What network does Trust Wallet use for ETH? ›

Trust Wallet is the premier mobile ethereum wallet which works with any ERC20, BEP2 and ERC721 tokens. Trust Wallet also supports the main blockchains in the Ethereum ecosystem - Ethereum, Ethereum Classic and Callisto.

How do I get free crypto on Trust Wallet? ›

Download Trust Wallet to Earn BNB Staking Rewards

Trust Wallet allows you to earn crypto natively within the app through staking while retaining complete control over your funds. You can earn 30%+ APY in BNB staking returns, and Trust Wallet doesn't take a cut.

Is Trust Wallet staking safe? ›

Trust Wallet also offers its own in-built staking tool that supports various cryptocurrencies. It has also partnered with third-party processors, enabling users to buy cryptocurrencies with a debit/credit card. In terms of safety, Trust Wallet is secured by a PIN and backup passphrase.

How to get free crypto? ›

How to earn free cryptocurrency: 11 easy ways
  1. Sign up with an exchange. ...
  2. Crypto staking. ...
  3. Free NFTs. ...
  4. Learn and earn. ...
  5. Crypto savings account. ...
  6. Crypto lending. ...
  7. Get cash from a brokerage. ...
  8. Participate in an airdrop.
Jun 9, 2023

What are the benefits of Trust Wallet? ›

Trust Wallet is a non-custodial software wallet that offers an all-in-one experience. It allows users to securely send, receive, exchange, and hold digital assets, including cryptocurrencies and non-fungible tokens (NFTs).

How do I mine Ethereum? ›

To start mining on Ethereum, follow the steps given below:
  1. Step 1: Create an Ethereum-based crypto wallet. ...
  2. Step 2: Select your mining hardware. ...
  3. Step 3: Choose your mining strategy. ...
  4. Step 4: Install mining software. ...
  5. Step 5: Collect your rewards.
Dec 15, 2022

Is ERC20 the same as ETH? ›

ERC20 tokens are simply tokens created on the same network as ETH, which is Ethereum. Only using a different protocol. The same ETH address can hold ETH and as many other types of tokens created on different protocols. ERC20 and ERC721 are the most common right now.

How do you get free tokens on Trust Wallet? ›

Native blockchain
  1. Go to Trust Wallet Airdrop page & download the App.
  2. Create an account.
  3. After you have created an account, a pop up will appear. Click on 'OK'. ...
  4. You will receive 100 TWT tokens. ...
  5. Invite friends to earn 100 TWT tokens for every referral.

How to get free Ethereum for gas fees? ›

Unfortunately,it's not possible to completely avoid gas fees on the Ethereum network,as gas fees are a necessary part of processing transactions and are paid to miners who validate and process transactions on the network.

How do I get airdrops on my Trust Wallet? ›

Step 1: Install & Setup Trust Wallet. Step 2: Copy Your Wallet Address. Step 3: Login on CoinMarketCap or create an account. Step 4: Go to the CoinMarketCap Airdrops Page.

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