After doing that, you should be able to withdraw funds from the wallet to your bank account using the guide above. Select your payment method of choice, input the amount of USDT you want to sell then click on [Find Offers]. You can also change the Offer Location and Offer Owner Location if you don’t want offers and/or vendors from your country of residence. Enter an amount to swap to ETH and tap on [Swap], then confirm network fees and click [Approve] to approve the transaction. Upload your account details to the buyer and wait for the payment to reflect on your bank account/online wallet. When funds arrive in your bank account and you confirm it, go ahead and release the funds for the buyer.
- Coinbase supports over 250 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and popular altcoins like Solana (SOL) and Cardano (ADA).
- Although Binance offers robust buyer/seller protection on their P2P service, it is still very important to choose the right buyer for your funds to prevent getting scammed.
- If you choose to use this method, ensure that the chosen centralized exchange or wallet supports the tokens you intend to transfer.
- Now that you’ve sold a cryptocurrency to a fiat currency (e.g. EUR), you can withdraw the fiat currency or money to your bank.
- This additional layer of security ensures that ZenGo users can confidently protect their funds against unauthorized access.
- In this step, you’ll need to send the cryptocurrency that you want to cash out (e.g. BNB) from Trust Wallet to Binance.
How to Withdraw Money From Trust Wallet to Bank Account
This additional layer of security ensures that ZenGo users can confidently protect their funds against unauthorized access. Furthermore, ZenGo also distinguishes itself by offering outstanding customer support. The ZenGo team is dedicated to assisting users and providing prompt and reliable customer support to address any concerns or inquiries. With ZenGo, users not only benefit from advanced security measures but also from a responsive and helpful support system, enhancing the overall user experience.
Withdraw fiat money (e.g. EUR) to your bank
The information about a specific cryptocurrency exchange or trading platform in reviews and guides may differ from the actual provider’s website. Trust Wallet customers can set their own fees for Bitcoin and Ethereum transfers. Those willing to pay more for a fast transaction can do so, and vice versa.
It’s important to remember that cryptocurrency withdrawals cannot be instantaneously processed. Depending on network congestion and blockchain speeds, they can take 30 minutes to multiple hours. After sending crypto from Trust Wallet, you can trade and sell your assets on Binance bank accounts that let you draw in opposition to uncleared cheques and withdraw money to your connected bank account.
Be sure to pay close attention to the estimated network fee shown by Trust Wallet before confirming any withdrawal. Double-check that the funds have been credited to your exchange account correctly. Most exchanges also require identity verification to withdraw large amounts of fiat currency.
Unlocking CoinStats Midas: Smart & User-Friendly Alerting System for NFTs
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). Instead, customers will need to send their crypto to an exchange like Binance or Coinbase before they can make a bank transfer.
You can either choose to withdraw your fund via a crypto exchange available in your country or you can use Paxful. Converting BNB to ETH on Trust Wallet only gives you Binance-Peg Ethereum tokens which is not the type of Ethereum you can transfer from Trust Wallet to Paxful. To withdraw your funds from Trust Wallet via Paxful follow the steps below. Paxful is an online marketplace that allows you to buy and sell digital assets with ease and it is available in over 100+ countries worldwide and counting. Input the amount to withdraw and account/card/payment platform details then click on [Continue].
Moreover, with a swissmoney payment card, you don’t need to exchange crypto to spend it. You can simply top-up your card with crypto and pay with it wherever EUR is accepted. The recommended payment methods are “Bank Transfer (SEPA)” and “Bank Card (Visa)”. 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 “Coin” field, select the cryptocurrency that you want to deposit.
One of the most common mistakes is accidentally sending funds to the wrong recipient address. Before copying any wallet address to send to, carefully check that it matches the exact address of your intended recipient wallet. The crypto transfer from Trust Wallet to the exchange will generally take 30 minutes to a few hours, depending on traffic and congestion on the blockchain network.
One of the cryptocurrency sector’s most prominent crypto wallets is Trust Wallet. Available as a browser extension and mobile app, it allows crypto investors to securely store their digital currencies. The wallet also supports an in-built exchange, NFTs, and links directly to certain decentralized applications (dApps).
All information provided is dated 15 April 2024 and may have been updated since. Please check each platform’s official website for the latest information. Exchanging crypto is simple, however, deciding on which platform to do it can be challenging. In his free time, Lim plays multiple games like Genshin Impact, League of Legends, Counter-Strike, Hearthstone, RuneScape, and many others. He creates guides, walkthroughs, solutions, and more on games that he plays to help other players with their progression.
Zengo also lets you withdraw crypto in the form of fiat currency, including USD, GBP, and EUR. Just navigate to the “Actions” menu, click “Sell,” choose the crypto you wish to withdraw and the fiat currency you want to receive, then enter the amount before confirming. Your funds will then be transferred to the bank account connected to your Zengo wallet.
