Crypto

3 Steps To Send CAKE To Trust Wallet

Send CAKE To Trust Wallet

If you own some CAKE, you may be looking to send it to your Trust Wallet.

However, there are 2 different versions of CAKE that Trust Wallet supports (BEP20 and BEP2). 

Here’s a guide on how you can do so:

How to send CAKE to Trust Wallet

Here are 3 steps to send CAKE to your Trust Wallet:

  1. Select a platform that enables CAKE withdrawals via the BEP20 network
  2. Obtain the CAKE deposit address from Trust Wallet
  3. Send CAKE from the platform of your choice to Trust Wallet

Here is each step explained further:

Select a platform that enables CAKE withdrawals via the BEP20 network

The first step you’ll need is to find a platform that supports CAKE, and you are able to send CAKE to Trust Wallet via the BEP20 and BEP2 networks only. 

Here are 5 platforms for your consideration:

PlatformBEP2BEP20
Binance0.025 CAKE 0.023 CAKE
Crypto.com0.01 CAKE
FTX0 CAKE
Gate.io0.33 CAKE
AAX0.01 CAKE

You may notice that the only platform via which you can send the BNB Beacon Chain (BEP2) version of CAKE to your Trust Wallet is Binance. 

Moreover, FTX charges the cheapest fees for BEP20 withdrawals. 

 

Obtain the CAKE deposit address from Trust Wallet

When you are on the homepage of your Trust Wallet, you will need to tap on ‘Receive‘.

Trust Wallet will now show you all the tokens that you can deposit onto their platform. You will need to search for CAKE, and it will bring up the 2 versions of CAKE (BEP20 or BEP2). 

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Depending on which network you want to send CAKE to your Trust Wallet, you can tap on it and it will give you the corresponding deposit address. 

YSso5EnamLBJxbQmOKd EWyLjHLlHifs4S GxtvfAvs1L3nTLhObAExrnxNc1koUELejJ1YOrLhoHn zO6 5WcKlHYPjkiOOnTbYt4j8grKDshpji71stQf0eoZNFNoU51yDFcLS

This allows you to view and copy the BEP20 address for CAKE. You may want to note that you can only send the BEP20 version of CAKE to this address. Sending other coins to this address may result in permanent loss.

If you intend to deposit CAKE via the Binance Beacon Chain (BEP2), your wallet address would start with ‘bnb‘, and no memo is required! 

Ru7AMZ9HkuIkvXajIBKlEnxyUMxbjrEstQ8gbbBLcV7VApXiIBGW6CDwcnP RP1FB O7xDaijWw2x0M zh7bk1OU ndhzYF5eXPEuo XH 2Lutc Qqf7O3qEpb6rcQCSqy7 g0EW

Send CAKE from the platform of your choice to Trust Wallet

After you have copied the deposit address from Trust Wallet, the last step would be to send CAKE from the platform that you’ve selected previously.

In this example, I will be using Binance to send CAKE.

If you are sending CAKE via the BEP20 the address should start with ‘0x‘, and you can choose to transfer it out.

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After pasting the address, Binance automatically determines the type of network that will be used (BEP20).

However, if you are using the BEP2 network to send CAKE to Trust Wallet, your address will start with ‘bnb‘. 

z10rjWr7Epn6ahM1MPTW4yN3y4PyjaLBnkT1ducHrw8jjlK62B5FkyQc97NvfMj7aCfV9Mf1tlDRaQ3AsGmR ruWPEVvJtqpA3EuOZEQArrpFlkH28i1Yl9Gp2JfKfSpBVgFlf2M

Furthermore, no memo is required when you are sending from Binance to Trust Wallet!

Once you have confirmed the transaction, you will be able to receive CAKE in your Trust Wallet.

Conclusion

When you are sending CAKE to Trust Wallet, you are able to send it to 2 networks: BEP20 or BEP2. 

For Trust Wallet, your balances from these networks are segregated. This means that if you want to withdraw CAKE from your Trust Wallet in the future, you will need to use the same network that you’ve originally used to deposit it in.

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