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Trust Wallet – How to Withdraw Money from Trust Wallet to Bank Account
Do you want to withdraw money from Trust Wallet to bank account? If yes worry no more, because in this guide we will be walking you through how to withdraw money from trust wallet to bank account, and how to withdraw USDT from trust wallet to bank account.
In addition, a lot of people have been asking different questions on how to withdraw from trust wallet to bank account in Nigeria, how to withdraw from trust wallet to bank account in UK, worry no me because we have gathered the necessary information needed on how to withdraw money from Trust Wallet to bank account anywhere you are in the country.
How to withdraw money from Trust Wallet to bank account
Trust Wallet allows you to store your favorite cryptocurrencies. You can also trade tokens using decentralized exchanges such as PancakeSwap in the DApp browser.
When you buy a token, it is stored in your wallet on Trust Wallet.
If you want to sell the token, you can exchange it for a popular cryptocurrency such as BNB or Ethereum. After you exchange for BNB or Ethereum, you have to withdraw it.
Otherwise, you cannot liquidate it.
In this guide, you will 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 funds from Trust Wallet to your bank account, you must first exchange the token for BNB or Ethereum.
Then send the BNB or Ethereum to a popular exchange like Binance.
Binance supports over 60 fiat currencies, making it the leading exchange for withdrawing your cryptocurrencies.
After you send them to Binance, you can sell them for fiat currencies like USD, AUD, GBP, and more.
Finally, 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 you want to send to your bank account.
The withdrawal process usually takes between 30 and 60 minutes.
Here’s how to withdraw money from Trust Wallet to bank account:
- Create a Binance account and copy the token address (eg BNB)
- Send the token (eg BNB) from Trust Wallet to Binance
- Sell the token (eg BNB) on Binance
- Withdraw fiat money (e.g. EUR) to your bank
1. Create a Binance account and copy the token address (eg BNB)
The first step is to create an account with a popular cryptocurrency exchange. Binance is highly recommended as it supports over 60 fiat currencies.
In addition, it supports credit cards, debit cards, bank transfers, and cash balances.
First, go to Binance.com and create an account using the referral link above.
After you have created an account and logged in, you will arrive at the dashboard.
Click on “Wallet” followed by “Fiat and Spot” in the top navigation bar.
After clicking “Fiat and Spot” you will be taken to your “Fiat and Spot” wallet.
Then find the cryptocurrency you want to withdraw from Trust Wallet and click “Deposit”.
For example, if you have BNB in Trust Wallet and want to cash it out, go to “BNB” and click “Deposit”.
After clicking “Deposit” in a cryptocurrency (e.g. BNB), it will land in your BNB wallet.
In order to cash out your cryptocurrency in Trust Wallet, you need to send it to Binance to sell it.
Therefore, you need to copy the address of your cryptocurrency (eg BNB) to Binance.
In the “Currency” field, select the cryptocurrency you want to deposit.
For example, if you want to include your BNB in Trust Wallet, make sure “BNB” is selected.
Then copy your BNB and MEMO address.
Note – If you want to deposit Ethereum, the MEMO is not required.
2. Send the token (eg BNB) from Trust Wallet to Binance
Now that you have copied your cryptocurrency (e.g. BNB) address from Binance, you need to open Trust Wallet.
In this step, you need to send the cryptocurrency you want to withdraw (e.g. BNB) from Trust Wallet to Binance.
That way, you can sell the cryptocurrency for fiat money.
In Trust Wallet, tap the cryptocurrency you want to withdraw.
For example, if you want to withdraw your BNB in Trust Wallet to your bank account, tap “BNB”.
If you don’t have a BNB, you must first convert your token(s) into BNB.
Otherwise, you will not be able to charge.
You can do this on a decentralized exchange like PancakeSwap using the DApp Browser on Trust Wallet.
After tapping on the cryptocurrency you wish to withdraw (e.g. BNB), it will land in your BNB wallet.
On your BNB wallet, you will see several icons, including “Send”, “Receive”, “Copy” and “More”.
Since you cannot sell your BNB on Trust Wallet, you have to send it to Binance.
So tap on “Send” to send your BNB to Binance.
After tapping “Send” you will be taken to the send page.
On the send page, you will see several fields, including “Recipient Address”, “BNB Amount” and “Memo” (if you are sending BNB).
First, paste your Binance BNB address into the “Recipient Address” field.
You can find this address by following the first step.
Then enter the amount of BNB you want to send to Binance (for example, 0.1) in the “BNB amount” field.
The value of the BNB you are sending will be displayed below the field (e.g. $38.00).
Then paste your MEMO into the “Memo” field and tap “Next”.
Similarly, you can find this address by following the first step.
After tapping “Next”, you will be taken to the confirmation page where you need to confirm the recording.
The recording process takes about 30 to 60 minutes.
3. Sell the token (eg BNB) on Binance
Sell the token on Binance by clicking this link: https://www.binance.com/en/buy-sell-crypto?type=SELL.
After you send the cryptocurrency you want to withdraw from Trust Wallet to Binance (eg BNB), you can sell it on Binance.
First click on the link above.
When you click on the link, you will be taken to the “Buy and Sell Cryptocurrencies” page on Binance.
The page allows you to sell your cryptocurrencies for fiat currency.
In the “I want to sell” field, select the cryptocurrency you want to sell (e.g. BNB).
Then enter the amount of BNB you want to sell.
Then select the fiat currency you want to receive in the “Will Receive” field (eg USD, EUR).
Then tap 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
Now that you have sold a cryptocurrency to a fiat currency (e.g. EUR), you can withdraw the fiat currency or the money to your bank.
On Binance, click “Wallet” followed by “Fiat and Spot” in the top navigation bar.
In your Fiat and Spot wallet, click “Withdraw” at the top of the page.
Then click on the “Cancel Fiat” button.
After clicking the “Record fiat” button, you will enter the fiat recording page.
First of all, you need to select a currency and a payment method.
In the “Currency” field, select the currency you want to withdraw to your bank account (for example EUR).
Then select a payment method.
The recommended payment methods are “Bank transfer (SEPA)” and “Bank card (Visa)”.
Second, you need to provide your withdrawal details.
In the “Amount” field, enter the amount you want to send to your bank account.
Finally, select the bank account you want to send the money to in the “Withdraw to” field and click “Continue”.
After clicking “Continue”, you will complete the security verification and the money will be sent to your bank account.
Usually, you will receive the money within 30 to 60 minutes.
Conclusion
If you have just read this guide to the end congratulation because you have successfully learned how to withdraw money from trust wallet to bank account in respect of the country you are currently in.