How to withdraw money from a Trust Wallet to a Bank account?

In this step-by-step Trust Wallet withdrawal instruction, I’ll teach you how to withdraw money from your trust wallet and deposit it into your bank account. You’ll discover how to transfer funds from your trust wallet to Coinbase and subsequently to your bank account.

Withdrawing money from your trust wallet to your bank account and PayPal account is complicated. Still, since it’s a digital currency, we have to do a bit of extra work. 

We can’t just withdraw our current balance from our trust wallet to our bank account or PayPal directly, but don’t worry. This article will discuss how you can withdraw money from Trust Wallet to Paypal and Bank Account.

The versatility of Trust Wallet?

Before you can withdraw money from your trust wallet, you must first understand a few significant aspects of withdrawing cash from Trust Wallet:

Within a trust wallet, we may store various coins; the most common of which are Some of the major coins are BEP20 and ERC20 coins. The first step is to determine which network your coin is based on. Mainly Trust Wallet is used for withdrawing money from ERC20 and BEP20 tokens.

The ERC20 token coins are central coin contracts based on the Ethereum network. Some digital currencies are Uni currency, EOS coin, Tron coin, Shiba Inu coin, dogelon mars coin, and many more. 

If you want to find out which coin is based upon the network, press the coin on your trust wallet, and you can see it in the top left corner. According to experts, Shiba Inu is also shown as an ERC20 token currency.

The BEP20 coin is known as central coin contracts based on Binance Smart Chain (BNB), Safemars, and many others – similarly, to find out which coin is BEP20 coins, Tap the coin on your trust wallet.

Withdrawing money from Trust Wallet to Bank Account

If you want to withdraw your funds from Trust Wallet to your bank account, follow the instructions outlined below.

Step 1

The first step is to sign up for an account on a well-known cryptocurrency exchange. Binance is highly recommended because it supports over 60 fiat currencies. Still, you can use other crypto exchanges like coinbase and many more.

Furthermore, Binance accepts credit and debit cards, bank transfers, and cash balances. To begin, go to the Binance website and sign up for an account.

Step 2

Once successfully registered, you’ll be sent to the dashboard when you’ve registered an account and logged in. Select ” Wallet ” on the top navigation bar, select “Wallet,” followed by “Fiat and Spot.” 

You’ll be sent to your “Fiat and Spot” wallet after clicking on “Fiat and Spot.” Then, from Trust Wallet, locate the cryptocurrency you wish to withdraw and click “Deposit.”

For instance, if you have BNB in Trust Wallet and wish to cash it out, go to “BNB” and select “Deposit.”

Step 3

In this stage, you’ll need to transfer the cryptocurrency you chose to payout (for example, BNB) from Trust Wallet to Binance. This way, you’ll be able to sell Bitcoin for fiat currency.

Tap on the coin you wish to withdraw from the Trust Wallet. For example, if you wish to transfer your BNB from Trust Wallet to your bank account, tap on “BNB.” If you don’t already have BNB, you must first convert your token(s) into BNB. Otherwise, you won’t be able to payout.

You may accomplish this on a decentralized exchange like PancakeSwap by utilizing the DApp browser on Trust Wallet. You’ll see many options on your BNB wallet, including “Send,” “Receive,” “Copy,” and “More.” 

Because Trust Wallet does not allow you to sell your BNB, you must transmit it to Binance. As a result, click “Send” to send your BNB to Binance.

Step 4

You’ll find many fields on the sending page, including “Recipient Address,” “BNB Amount,” and “Memo” (if you’re sending BNB). To begin, enter your Binance BNB address in the “Recipient Address” field.

Next, in the “BNB Amount” section, enter the amount of BNB you wish to transfer to Binance. Under the field, the value of the BNB that you’re sending will be shown.

Then, put your MEMO into the “Memo” section and press the “Next” button. After you’ve clicked “Next,” you’ll be sent to the confirmation page, where you must confirm the withdrawal.

You can sell the cryptocurrency you wish to cash out from Trust Wallet to Binance (for example, BNB) once you’ve sent it to Binance. You will be sent to Binance’s “Buy and Sell Cryptocurrency” page when you click the link.

Choose the cryptocurrency you wish to sell from the “I want to sell” drop-down menu. Then, enter the quantity of BNB you want to sell and pick the fiat currency you wish to receive (e.g., USD, GBP).

Then, go to the confirmation page, and withdraw the fiat currency or money to your bank after selling a cryptocurrency to a fiat currency (e.g., EUR).

Step 5

You’ll be sent to the fiat withdrawal page after clicking the “Withdraw Fiat” button. Choose a currency and payment method. Select the currency to withdraw to your bank account from the “Currency” option (e.g., EUR).

Choose a payment method, “Bank Transfer (SEPA)” and “Bank Card (Visa)” are the payment options advised. Enter the amount you wish to transfer to your bank account in the “Amount” area.

Finally, in the “Withdraw To” area, enter the bank account to which you wish to send the funds and press “Continue.” After clicking “Continue,” finish the security verification, and the funds will be sent to your bank account.

Conclusion

The Trust Wallet is decentralized, a cutting-edge cryptocurrency technology that enables Decentralized Applications, or DApps. 

Its primary goal is to make cryptocurrency more accessible by creating an easy-to-use user interface. You can also effortlessly transfer cash from it to a bank account, making your bitcoin investment even more profitable.