There are some ways to withdraw them, but you will also need a third-party platform to help you. While Six Days LLC first owned the crypto wallet, it was later acquired by Binance, the largest crypto exchange on the market. This makes Trust Wallet even safer and more trustworthy, thus becoming a top choice for increasingly more crypto enthusiasts. But while so many platforms are available, some remain the most trusted and popular. And when it comes to storing your crypto assets, you surely want to keep them somewhere safe. For example, USDT can be based on either the Tron blockchain (as a TRC20 token) or the Ethereum blockchain (as an ERC20 token).
The withdrawal process usually takes about 30 to 60 minutes to complete. Choose an offer from the list of available offers and click on [Sell] beside any offer you choose. On the next page, input the amount of USDT you want to sell in the [pay in Tether] section and click on [Sell Now] to start the trade. Click on [Copy address] to copy your Ethereum (ERC-20) wallet address on Paxful. To swap the said token for ETH on Trust Wallet, we will be using an exchange called UniSwap which is very similar to PancakeSwap (used for Binance Smart Chain assets).
Make sure to double-check this address, as transactions cannot be reversed. To view your dedicated ZenGo wallet address, tap on the desired asset within the ZenGo app. The final step in this process will be to convert your USDT to actual cash which will be paid to your bank account or online wallets like PayPal, Payoneer, GCash, and more.
Sending to a Centralized Exchange
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Sending money to the wrong base blockchain could result in the loss of your funds. On the “Amount” field, enter the amount of money that you want to send to your bank account. After you’ve sent the cryptocurrency that you want to cash out from Trust Wallet to Binance (e.g. BNB), you can sell it on Binance. On the sending page, you’ll see multiple fields including “Recipient Address”, “BNB Amount”, and “Memo” (if you’re sending BNB).
Step 1 – Select a cryptocurrency exchange
Trust Wallet enables easy inter-wallet transfers using recovery phrases, private keys, or Keystore files. You’ll just need to send your tokens to a centralized cryptocurrency exchange that supports withdrawals to your bank account. Once your tokens reach an exchange like Binance or Coinbase, you can easily swap them for your local currency (fiat) and withdraw the funds to your bank account. Whether your investment paid off or you just want to cut your losses, this wikiHow article will guide you through selling crypto like BNB, Bitcoin, and other tokens for actual cash in Trust Wallet. Yes, customers who store their crypto assets in Trust Wallet’s software can withdraw digital currencies into another wallet or crypto exchange. However, Trust Wallet users cannot currently directly withdraw crypto into their bank accounts (e.g., via U.S. Dollars or Euros).
How to Sell Crypto on Trust Wallet and Withdraw to a Bank
- When you click on the link, you’ll land on the “Buy and Sell Cryptocurrency” page on Binance.
- To get started, open Trust Wallet on the desired device and log into an account.
- Therefore, to withdraw money from your Trust Wallet to your bank account, you need to first withdraw crypto to cryptocurrency exchanges that support fiat withdrawals.
- While Trust Wallet itself does not directly support withdrawals to fiat, it is a common practice for Trust Wallet users to utilize centralized exchanges such as Binance or wallets like ZenGo.
This can occur when numerous users are simultaneously sending transactions, causing a backlog in the network’s processing capabilities. In this guide on how to withdraw crypto from Trust Wallet, we will walk you through the process of moving Bitcoin, Ether, and other digital currencies from your Trust Wallet to your ZenGo wallet. The simple steps included on this page will ensure you do not make any errors and that you maintain complete control over your finances.
Once confirmed, initiate the transfer of funds from Trust Wallet to the exchange. On the exchange platform or wallet, follow the necessary Know Your Customer (KYC) and security protocols to comply with regulations and gain insurance premium definition the ability to cash out. Both Trust Wallet and ZenGo share similarities in that they are both non-custodial cryptocurrency wallets that prioritize user control over digital assets. They offer support for multiple cryptocurrencies, are Web3-ready, and provide user-friendly interfaces for managing and trading assets. However, it is crucial to note that ZenGo goes a step further in prioritizing security. This additional layer of security ensures that ZenGo users can confidently protect their funds against unauthorized access.
Furthermore, the mobile app also integrated dApps (Decentralized Applications) to offer users new opportunities to use their tokens. If you’re withdrawing cash from an exchange, first verify whether the exchange supports transactions in your country. If you’re simply looking to transfer crypto from Trust Wallet to another wallet, the process is quite straightforward and doesn’t require much expertise.
However, you can transfer your crypto to Coinbase and convert it to fiat there. Swissmoney is a Swiss platform providing a safe and easy way to buy, sell, exchange, and spend fiat and cryptocurrencies. If you’re wondering how to withdraw from Trust wallet to bank account in Nigeria, then you should also follow this guide. If you don’t have account already, you should create an account with the exchange and deposit your token using its specific wallet address.
Regardless of the reason for your decision to withdraw your crypto investments from Trust Wallet, it’s important to select a wallet that offers even more security, control, and ease of use. You can either choose to withdraw your fund via a crypto exchange available in your country or you can use Paxful. Send your payment details to the buyer when requested and await your payment. Once you receive payment confirmation, release the coins to the buyer and you have successfully withdrawn your funds from Trust Wallet via Paxful. Launch the Trust Wallet and click on the DApps browser and type in [app.uniswap.org] in the address bar. Input the amount to withdraw and account/card/payment platform details then click on [Continue].
If you don’t have BNB, you need to convert your token(s) into BNB first. Firstly, go to Binance.com and create an account using the referral link above. You now know to withdraw your assets from your Trust Wallet account confidently. Do not assume your Trust Wallet withdrawal will arrive immediately after you submit it.