Are you looking to withdraw money from Trust Wallet to your bank account?
Trust Wallet allows you to store your favorite cryptocurrencies.
You can also swap tokens using decentralized exchanges like PancakeSwap on the DApp browser.
When you buy a token, it’ll be stored in your wallet on Trust Wallet.
If you want to sell the token, you can either swap it for a popular cryptocurrency like BNB or Ethereum.
After you’ve swapped in for BNB or Ethereum, you need to cash it out.
Otherwise, you won’t be able to liquidate it.
In this guide, you’ll learn how to withdraw your money from Trust Wallet to your bank account.
How to withdraw money from Trust Wallet to bank account
To withdraw money from Trust Wallet to your bank account, you need to swap the token for BNB or Ethereum first.
Then, send the BNB or Ethereum to a popular exchange like Binance.
Binance supports more than 60 fiat currencies which makes it the prime exchange to cash out your cryptocurrencies.
After you’ve sent them to Binance, you can sell them for fiat currencies such as USD, AUD, GBP, and more.
Lastly, you can withdraw the fiat currency to your bank account.
You can do this by going to the withdrawal page and selecting the payment method.
Then, enter the amount of money that you want to send to your bank account.
The withdrawal process usually takes about 30 to 60 minutes to complete.
Here’s how to withdraw money from Trust Wallet to your bank account:
- 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)
Get started on Binance here: https://www.binance.com/en/register?ref=73583477 or use “73583477” as the referral code.
The first step is to create an account on a popular cryptocurrency exchange.
Binance is highly recommended because it supports over 60 fiat currencies.
Moreover, it supports credit cards, debit cards, bank transfers, and cash balance.
Firstly, go to Binance.com and create an account using the referral link above.
After you’ve created an account and logged into it, you’ll land on the dashboard.
Click on “Wallet” followed by “Fiat and Spot” on the top navigation bar.
After you’ve clicked on “Fiat and Spot”, you’ll land on your “Fiat and Spot” wallet.
Next, find the cryptocurrency that you want to cash out from Trust Wallet and click on “Deposit”.
For example, if you have BNB on Trust Wallet and you want to cash it out, navigate to “BNB” and click on “Deposit”.
After you’ve clicked on “Deposit” on a cryptocurrency (e.g. BNB), you’ll land on your BNB wallet.
To cash out your cryptocurrency on Trust Wallet, you must send it to Binance to sell it.
Hence, you need to copy your cryptocurrency’s address (e.g. BNB) on Binance.
On the “Coin” field, select the cryptocurrency that you want to deposit.
For example, if you want to cash out your BNB on Trust Wallet, make sure that “BNB” is selected.
Then, copy your BNB address and MEMO.
If you’re looking to deposit Ethereum, the MEMO is not required.
2. Send the token (e.g. BNB) from Trust Wallet to Binance
Now that you’ve copied your cryptocurrency’s address (e.g. BNB) from Binance, you need to open Trust Wallet.
In this step, you’ll need to send the cryptocurrency that you want to cash out (e.g. BNB) from Trust Wallet to Binance.
That way, you’ll be able to sell the cryptocurrency for fiat money.
On Trust Wallet, tap on the cryptocurrency that you want to cash out.
For example, if you want to cash out your BNB on Trust Wallet to your bank account, tap on “BNB”.
If you don’t have BNB, you need to convert your token(s) into BNB first.
Otherwise, you won’t be able to cash out.
You can do this on a decentralized exchange like PancakeSwap using the DApp browser on Trust Wallet.
After you’ve tapped on the cryptocurrency that you want to cash out (e.g. BNB), you’ll land on your BNB wallet.
On your BNB wallet, you’ll see multiple icons including “Send”, “Receive”, “Copy”, and “More”.
Since you can’t sell your BNB on Trust Wallet, you need to send it to Binance.
Hence, tap on “Send” to send your BNB to Binance.
After you’ve tapped on “Send”, you’ll land on the sending page.
On the sending page, you’ll see multiple fields including “Recipient Address”, “BNB Amount”, and “Memo” (if you’re sending BNB).
Firstly, paste your BNB address from Binance on the “Recipient Address” field.
You can find this address by following the first step.
Next, enter the amount of BNB that you want to send to Binance (e.g. 0.1) on the “BNB Amount” field.
The value of the BNB that you’re sending will be displayed under the field (e.g. $38.00).
Then, paste your MEMO on the “Memo” field and tap on “Next”.
Similarly, you can find this address by following the first step.
After you’ve tapped on “Next”, you’ll land on the confirmation page where you need to confirm the withdrawal.
The withdrawal process will take about 30 to 60 minutes.
3. Sell the token (e.g. BNB) on Binance
Sell the token on Binance by clicking on this link: https://www.binance.com/en/buy-sell-crypto?type=SELL.
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.
Firstly, click on the link above.
When you click on the link, you’ll land on the “Buy and Sell Cryptocurrency” page on Binance.
On the page, you can sell your cryptocurrencies for a fiat currency.
On the “I want to sell” field, select the cryptocurrency that you want to sell (e.g. BNB).
Then, enter the amount of BNB that you want to sell.
Next, select the fiat currency that you want to receive on the “You will receive” field (e.g., USD, EUR).
Then, tap on next to go to the confirmation page.
On the confirmation page, you need to confirm the sale.
4. Withdraw fiat money (e.g. EUR) to your bank
Click on this link to withdraw fiat money to your bank from Binance: https://www.binance.com/en/my/wallet/account/main/withdrawal/fiat.
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.
On Binance, click on “Wallet” followed by “Fiat and Spot” on the top navigation bar.
On your Fiat and Spot wallet, click on “Withdraw” at the top of the page.
Then, click on the “Withdraw Fiat” button.
After you’ve clicked on the “Withdraw Fiat” button, you’ll land on the fiat withdrawal page.
Firstly, you need to select a currency and payment method.
On the “Currency” field, select the currency that you want to withdraw to your bank account (e.g. EUR).
Next, select a payment method.
The recommended payment methods are “Bank Transfer (SEPA)” and “Bank Card (Visa)”.
Secondly, you need to provide your withdrawal information.
On the “Amount” field, enter the amount of money that you want to send to your bank account.
Lastly, select the bank account that you want to send the money to on the “Withdraw To” field and click on “Continue”.
After you’ve clicked on “Continue”, complete the security verification and the money will be sent to your bank account.
You’ll usually receive the money in 30 to 60 minutes.
You’ve successfully learned how to withdraw money from Trust Wallet to your bank account!
Further reading
How to Buy NiiFi Token (NIIFI)
