How To Withdraw Money From Trust Wallet To Your Bank Account (2024)

Trust Wallet is one of the most popular cryptocurrency wallets, with support for a wide variety of crypto assets, stablecoins, and NFTs. Trust Wallet has more than 25 million users, works on Android and iOS, and integrates with thousands of DApps and Web3 services.

Trust Wallet: Everything You Need In One App

Trust Wallet bills itself as an all-in-one solution for self-custody of your crypto assets. Trust wallet supports 4.5 million assets on 65 different blockchains. Trust Wallet supports 10 popular stablecoins, NFTs on Ethereum and Binance Smart Chain, Staking & passive earning, in-app crypto purchasing with credit card, as well as having a full web3 browser and integration with thousands of DApps from the Ethereum and Binance Smart Chain ecosystems.

Since Trust Wallet caters to investors and traders, many of which buy, hold, and trade multiple crypto assets in their portfolios, many Trust Wallet users have wondered how to cash out their gains from Trust Wallet, and move funds in fiat currency like Dollars or Euros to their bank accounts.

Benefits of buying gift cards with Trust Wallet

1) Instant digital delivery,
2) Save on exchange/withdrawal fees
3) Cash out without banks,
4) Get min 1% cashback on all cards

See Also

How to Sell Crypto on Trust Wallet and Withdraw to a BankWhat is a fiat wallet?What is fiat currency?What is a Fiat Wallet and How Does It Work?

Let’s find out how to withdraw money from Trust wallet to a bank account!

Turning Tokens Into Cash With Trust Wallet

To cash out some of your token holdings for a national currency which can be sent to your bank account, it’s simple and straightforward for popular cryptos like Bitcoin, Ether, BNB and popular stablecoins like USDT and USDC, but for smaller market cap tokens and NFTs you may need to convert them to another asset first.

The process is easy enough using Trust Wallet’s DApp browser to convert niche tokens and NFTs into more popular cryptos or stablecoins using Decentralized Exchanges (DEXs) Like Pancake Swap or Uniswap.

The final step is sending your newly converted Bitcoin, Ether, BNB, or stablecoins to an exchange like Binance, Coinbase, or Kraken, to sell for fiat currency like Dollars or Euros, which can be transferred off the exchange and into your bank account’s balance.

This tutorial assumes you have already set up an account at a popular cryptocurrency exchange, and have verified your account, and linked your bank account to your exchange account.

Benefits of buy gift cards with Trust Wallet

1) Instant digital delivery,
2) Save on exchange/withdrawal fees
3) Cash out without banks,
4) Get min 1% cashback on all cards

How to Withdraw Money From Trust Wallet in 3 Easy Steps

Step 1

1. If you wish to cash out a popular crypto asset like BTC, ETH, BNB, or a USD Stablecoin, you need to send it to your exchange account (Binance, Kraken, or Coinbase, for example), and then sell it for USD or EUR and then withdraw the funds to your linked bank account.
2. If you are trying to convert a more obscure token, NFT, or other asset, you’ll need to use Trust Wallet’s DApp browser to utilize a DEX like Pancake Swap or Uniswap to convert the asset to BTC, BNB, ETH or a popular stablecoin like USDT.

Step 2

1. If you have just converted your tokens to a more popular crypto asset with a DEX, the next step is to send those funds to your exchange account. In our example, we’re using a popular exchange like Binance, Kraken, or Coinbase, but the process should be similar for a lot of additional exchanges.
2. To send your funds to the exchange, you’ll need to navigate to your account page and find the deposit address for the asset you wish to send to the exchange. For example, a BTC deposit address for Bitcoin, an Ethereum address for ETH, and a Tether address for USDT. You’ll need to wait for a few onchain confirmations until your balance is available.
3. Next, you’ll need to sell your asset for USD or EUR, and initiate the exchange withdrawal process.

Step 3

1. Once you’ve sent the funds to your exchange account, and the balance is available, you’ll need to sell your asset for USD, EUR, or a USD-based stablecoin like USDT or USDC.
2. Next, you’ll need to withdraw your cash to your bank account which you have linked to your exchange account. You can withdraw the cash using the exchanges withdrawal process. The withdrawal could take a couple of days to process, so keep that in mind.
   (To link your bank account, you’ll need to create an account at a popular exchange and then get your account verified, then add your account details from your bank account. This process could take a few business days to complete verification)
3. Each exchange has its own procedure for withdrawing funds, which can be found in their terms and conditions or FAQ. Here’s the instructions for 3 of the most popular, Binance, Coinbase, and Kraken:

   How to withdraw funds from Binance.
   How to withdraw funds from Coinbase.
   How to withdraw funds from Kraken.

4. Once your funds have been sent from the exchange, there may be a hold on the funds until the transfer has been processed. Once the transfer has been completed, your funds will be available in your account, and can be accessed.

Final Notes About Cashing Out From Trust Wallet

The exchanges used as examples in this article are by no means your only option. They are some of the most popular international exchanges which offer services in many countries. That being said, they may not offer service in every country. In that case, you’ll need to search online for the exchange in your region which allows you to link your bank account and withdraw national currency from the exchange.

Selling your crypto for fiat could be a taxable event depending on your nation of residence and the regulations in your country. Be sure to check your local regulations and tax obligations so you can keep the proper records and report your sale.

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