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 trade tokens using decentralized exchangeslike PancakeSwap on the DApp browser.
When you buy a token, it will be 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 trading for BNB or Ethereum, you need to cash it out.
Otherwise, you will not be able to liquidate it.
In this guide, you will learn how to withdraw your money from Trust Wallet to your bank account.
Table of Contents:
How to withdraw money from Trust Wallet to your bank account
To withdraw money 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 more than 60 fiat currencies making it the main exchange for cashing out your cryptocurrencies.
After sending 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 of money you want to send to your bank account.
The withdrawal process usually takes about 30-60 minutes to complete.
1. Create a Binance account and copy the token address (e.g. BNB)
The first step is to create an account on a popular cryptocurrency exchange.
Binance is highly recommended because it supports over 60 fiat currencies.
In addition, it supports credit cards, debit cards, bank transfers and cash balance.
First, go to Binance.com and create an account using the referral link above.
After creating an account and logging in, you will land on the dashboard.
Click “Wallet” followed by “Fiat and Spot” in the top navigation bar.
After clicking on “Fiat and Spot”, you will land on your “Fiat and Spot” wallet.
Then, find the cryptocurrency you want to cash out from Trust Wallet and click “Deposit”.
For example, if you have BNB on Trust Wallet and want to cash it out, go to “BNB” and click “Deposit”.
After clicking “Deposit” on a cryptocurrency (e.g. BNB), you will land on your BNB wallet.
To cash out your cryptocurrency on Trust Wallet, you need to send it to Binance to sell it.
Then, you need to copy the address of your cryptocurrency (e.g. BNB) to Binance.
In the “Coin” field, select the cryptocurrency you wish to deposit.
For example, if you want to cash out your BNB on Trust Wallet, make sure “BNB” is selected.
Then, copy your BNB and MEMO address.
If you are looking to deposit Ethereum, the MEMO is not required.
2. Send the token (e.g. BNB) from Trust Wallet to Binance
Now that you have copied the address of your cryptocurrency (e.g. BNB) from Binance, you need to open Trust Wallet.
In this step, you will need to send the cryptocurrency you want to cash out (e.g. BNB) from Trust Wallet to Binance.
This way, you will be able to sell the cryptocurrency for fiat money.
On Trust Wallet, tap on the cryptocurrency you want to cash out.
For example, if you want to cash out your BNB on Trust Wallet to your bank account, tap “BNB”.
If you don’t have BNB, you need to convert your tokens to BNB first.
Otherwise, you will not be able to cash out.
You can do this on a decentralized exchange like PancakeSwap using the DApp browser on Trust Wallet.
After tapping on the cryptocurrency you want to cash out (e.g. BNB), you will land on your BNB wallet.
On your BNB wallet, you will see multiple icons including “Send”, “Receive”, “Copy” and “Other”.
Since you can’t sell your BNB on Trust Wallet, you need to send it to Binance.
Then, tap “Send” to send your BNB to Binance.
After tapping on “Send”, you will land on the submission page.
On the submission page, you’ll see multiple fields including “Recipient Address,” “BNB Amount,” and “Memo” (if you’re sending BNB).
First, paste your BNB address from Binance 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 (e.g. 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).
Next, 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 land on the confirmation page where you need to confirm the withdrawal.
The withdrawal process will take about 30-60 minutes.
3. Sell the token (e.g. BNB) on Binance
After sending the cryptocurrency you want to cash out from Trust Wallet to Binance (e.g. BNB), you can sell it on Binance.
First, click on the link above.
When you click on the link, you will land on the “Buy and Sell Cryptocurrency” page on Binance.
On the page, you can sell your cryptocurrencies for a 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 “You will receive” field (for example, 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
Now that you have sold a cryptocurrency to a fiat currency (e.g. EUR), you can withdraw the fiat currency or money to your bank.
On Binance, click “Wallet” followed by “Fiat and Spot” in the top navigation bar.
On your Fiat and Spot wallet, click “Withdrawal” at the top of the page.
Then, click on the “Withdraw Fiat” button.
After clicking on the “Withdraw Fiat” button, you will land on the fiat withdrawal page.
First, you need to select a currency and payment method.
In the “Currency” field, select the currency you want to withdraw to your bank account (e.g. EUR).
Then, select a payment method.
The recommended payment methods are “Bank Transfer (SEPA)” and “Credit Card (Visa)”.
Secondly, you need to provide the withdrawal information.
In the “Amount” field, enter the amount of money 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”, complete the security verification and the money will be sent to your bank account.
You will usually receive the money in 30-60 minutes.
You have successfully learned how to withdraw money from Trust Wallet to your bank account!
