Do you want to move funds from your Trust Wallet to your regular bank account?
Your preferred cryptocurrencies can be safely kept in a Trust Wallet. DApp browsers now feature built-in support for decentralised exchanges like PancakeSwap, where users may buy and sell tokens with one another.
Tokens you purchase will be kept in your Trust Wallet account. The token can be sold or traded for other cryptocurrencies such as BNB or Ethereum. You must withdraw your funds after making a BNB or ETH exchange.
To put it another way, you won’t be able to sell it unless you do. Learn how to transfer funds from your Trust Wallet to your bank account with the help of this tutorial.
Contents
How to withdraw money from Trust Wallet to the bank account
Cash outs from Trust Wallet require first exchanging tokens for BNB or Ethereum, which can be done at any time through the Trust Wallet app. Then, you can deposit the BNB or ETH at a reputable trading platform like Binance.
Binance is the best place to pay out your cryptocurrency because it supports more than sixty different fiat currencies. Once they reach Binance, you can trade them in for USD, AUD, GBP, and other fiat currencies.
The final step is to deposit the fiat money into your bank account. To do this, visit the withdrawal page and click the corresponding button. Next, specify how much cash you want transferred to your bank account.
Withdrawal times are typically between 30 and 60 minutes.
To transfer funds from your Trust Wallet to your bank account, please follow these steps:
- Create a Binance account & copy the token’s address (e.g. BNB)
- Send the token (e.g. BNB) from Trust Wallet to Binance
- Sell the token (e.g. BNB) on Binance
- Withdraw fiat money (e.g. EUR) to your bank
1. Create a Binance account & copy the token’s address (e.g. BNB)
The first thing to do is register for a bitcoin trading platform. With support for more than 60 fiat currencies, Binance comes highly recommended. In addition, you can use your cash balance, a debit or credit card, a bank transfer, or a bank transfer.
To get started, click the above referral link to visit Binance.com. Following registration and login, you will be sent to the dashboard.
To access Fiat and Spot, go to Wallet > Currency Exchange > Exchange Rates > Other Currency Exchange Rates.
When you access your “Fiat and Spot” wallet via the “Fiat and Spot” link.
Then, after selecting the cryptocurrency you wish to withdraw, go to your Trust Wallet and select the “Deposit” button next to it.
Simply make your bitcoin deposit selection in the “Coin” column.
To withdraw Bitcoin Cash from your Trust Wallet, use the “BNB” option, for instance.
To finish, jot down your BNB info and MEMO. It is not necessary to include the MEMO while making a deposit of Ethereum.
2. Send the token (e.g. BNB) from Trust Wallet to Binance
Open Trust Wallet now that you have copied the address for your cryptocurrency (e.g. BNB) from Binance. The next thing to do is move any cryptocurrency you wish to sell (say, BNB) from your Trust Wallet to your Binance account. In doing so, you can exchange your Bitcoin for regular currency.
To withdraw a bitcoin, just choose it on Trust Wallet and click the “Withdraw” button.
Trust Wallet users can withdraw BNB to their bank account by selecting the “BNB” option.
Your token(s) will need to be converted into BNB before you may use them.
If not, you won’t be able to withdraw any money. Using Trust Wallet’s DApp browser, you may accomplish this on a decentralised exchange like PancakeSwap. If you want to withdraw some Bitcoin Gold, for example, tapping on that coin will take you to your Bitcoin Gold wallet.
You can use the various options available on your BNB wallet, such as “Send,” “Receive,” “Copy,” and “More.”
Since Trust Wallet does not support the sale of BNB, you will need to transfer your coins to Binance.
Therefore, click the “Send” button to transfer BNB to Binance.
Using Trust Wallet, transfer BNB
Once you have selected “Send,” you will be sent to the transmission page.
The sending page has several options, such as “Recipient Address,” “BNB Amount,” and “Memo” (for Bitcoin NewBits).
To begin, copy your Binance BNB address and paste it into the “Recipient Address” section.
Getting to this place is as easy as doing the first thing. Next, in the “BNB Amount” section, enter the number of BNB you wish to transfer to Binance (for example, 0.1). Underneath the input form, you’ll see the monetary amount (in this case, $38.00) of the BNB you’re about to send.
After that, copy your MEMO and paste it into the Memo section before clicking “Next.”
Similarly, this address can be found by repeating the first procedure.
Once you’re ready to confirm the withdrawal, you’ll be taken to a confirmation page after tapping “Next.”
It will take 30-60 minutes to complete the withdrawal process.
3. Sell the token (e.g. BNB) on Binance
Once you have transferred your Trust Wallet bitcoin to Binance (via an exchange service like BNB), you may then sell it there to obtain your desired fiat currency.
To begin, please visit the above link.
You will be taken to Binance’s “Buy and Sell Cryptocurrency” page once you click the link.
You can exchange your cryptocurrency holdings for regular dollars on the page.
Choose the cryptocurrency you wish to sell in the “I want to sell” area (e.g. BNB).
Then, specify how much Binance Coin (BNB) you wish to sell.
Then, in the “You will get” area, choose the fiat currency you choose to receive (e.g., USD, EUR).
Click “Next” to proceed to the final confirmation screen.
You can confirm the purchase by clicking the button on the confirmation page.
4. Withdraw fiat money (e.g. EUR) to your bank
Once you have converted your cryptocurrency into a fiat currency (such as EUR), you can withdraw the EUR or other fiat currency from your bank account.
To access Fiat and Spot on Binance, go to “Wallet” and then “Fiat and Spot” on the main menu.
To withdraw funds from your Fiat and Spot wallet, select “Withdraw” from the menu.
If you want to withdraw Fiat currency, select that option.
Select “Withdraw Fiat” to go to the fiat withdrawal page.
At the outset, you’ll be prompted to choose a currency and mode of payment.
Choose the currency you wish to withdraw in the “Currency” area (e.g. EUR).
Follow that up by deciding how you want to pay.
A “Bank Transfer (SEPA)” or “Bank Card (Visa)” is the preferred mode of payment.
As a second step, please detail how you intend to withdraw your funds.
Enter the amount you wish to deposit in the “Amount” area.
Finally, in the “Withdraw To” area, indicate the account into which you would like to transfer the funds, and then click “Continue.”
Click “Continue,” then finish the security check, and the funds will be transferred.
In most cases, you may expect to get your funds within 30-60 minutes.
Congratulations, you now know how to move funds from your Trust Wallet to your bank account.
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