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How to withdraw money from Trust Wallet?

Published: 2025-04-26

To withdraw money from Trust Wallet, you need to send your cryptocurrency to an exchange where you can sell it for cash. First, transfer your crypto to platforms like Binance or Coinbase, sell it for fiat currency, and then withdraw the money to your linked bank account.

Table of Contents

How to Transfer Crypto from Trust Wallet to an Exchange

Steps to Send Cryptocurrency from Trust Wallet

Open Trust Wallet and Select the Token: Launch the Trust Wallet app and select the cryptocurrency you want to send. Tap on the asset and then tap the “Send” button to begin the transaction process smoothly and securely.
Paste the Exchange Wallet Address: Go to your exchange account, find the “Deposit” section, and copy the wallet address provided. Return to Trust Wallet, paste the address into the recipient field, and double-check that the network matches your token’s blockchain.
Enter the Amount and Confirm: After pasting the address, input the amount you want to send. Review all transaction details carefully, including fees, and confirm the transaction. Your crypto will then be transferred to the exchange for withdrawal.

Choosing the Right Exchange for Withdrawals

Consider Supported Fiat Currencies: Choose an exchange that supports withdrawing to your local bank account and accepts your local fiat currency. This will make the withdrawal process much faster and avoid unnecessary currency conversion fees.
Review Withdrawal Fees and Limits: Different exchanges have varying withdrawal fees and minimum withdrawal limits. Research and select an exchange with reasonable fees and flexible limits to maximize the amount you receive after the withdrawal.
Check Exchange Reputation and Security: Always choose a well-known, highly rated exchange with strong security measures and positive user reviews. Trusted platforms help protect your funds during transfers and offer better customer support if issues arise.

How to Sell Cryptocurrency After Transferring from Trust Wallet

How to Sell Crypto for Fiat Money

Deposit Crypto into the Exchange: After sending your crypto from Trust Wallet, check that it has arrived in your exchange account. Locate the deposited cryptocurrency in your balance and ensure it is available for trading or selling.
Sell Through a Market or Limit Order: Use the exchange’s trading section to sell your cryptocurrency. You can choose a market order for an instant sale at the current price or a limit order to set a specific price you are willing to accept.
Withdraw Fiat to Your Bank Account: Once the crypto is sold and your balance is in fiat money, initiate a withdrawal request to your linked bank account. Ensure you meet the minimum withdrawal amount and verify your bank details carefully.

Best Practices for Maximizing Your Sale Value

Monitor Market Trends Before Selling: Check live charts and recent price movements before selling. Timing your sale during market highs can significantly increase your returns and prevent selling during temporary price dips.
Use Limit Orders to Set Ideal Prices: Instead of selling immediately with a market order, consider setting a limit order above the current price. This method allows you to wait for the market to reach your desired selling price, potentially maximizing your profits.
Account for Fees and Taxes: Always review the trading fees and potential taxes applied to your sale. Some exchanges have hidden costs, and knowing these can help you plan better and ensure you receive the highest possible net amount after the sale.

How to Link a Bank Account to an Exchange for Withdrawal

How to Add and Verify Your Bank Account

Navigate to the Payment Settings: After logging into your exchange account, go to the payment or withdrawal settings. Look for an option like “Add Bank Account” to begin linking your bank details securely.
Enter Bank Details Accurately: Fill in your bank account information, including your account number, routing number, and the bank name. Make sure the name on the bank account matches the name registered with the exchange to avoid rejection.
Complete Verification Steps: Most exchanges require you to verify your bank account by confirming a small deposit amount. Check your bank statement for the deposit and input the exact amount into the exchange to complete verification successfully.

Common Problems When Linking a Bank Account

Name Mismatch Issues: If the name on your exchange account and your bank account do not match exactly, the bank link request may be rejected. Always ensure your registration details are consistent across all platforms.
Unsupported Banks or Regions: Some banks or regions may not be supported by the exchange, leading to failed linkage attempts. Check the list of supported banks and countries on the exchange’s official website before trying to add your account.
Delayed Verification Times: Verification can sometimes take a few hours to several days, depending on the exchange and the bank. Be patient and monitor both your email and account notifications for updates or required actions.

How to Withdraw Fiat Money from an Exchange to Your Bank

Setting Up a Withdrawal Request

Go to the Withdrawal Section: Log into your exchange account and navigate to the “Withdraw” or “Funds” section. Select fiat currency as the withdrawal option and ensure you have already linked and verified your bank account beforehand.
Enter Withdrawal Amount: Input the amount of fiat money you want to withdraw. Make sure it falls within the minimum and maximum withdrawal limits set by the exchange, and double-check for any additional withdrawal fees applied to the transaction.
Confirm and Submit the Request: Review all the details, including the receiving bank account and the amount. Confirm the transaction and complete any necessary two-factor authentication (2FA) for added security during the withdrawal process.

How Long Bank Withdrawals Usually Take

Processing Time by Exchange: Some exchanges process fiat withdrawals almost immediately, while others may take up to 48 hours depending on their internal review policies. Always check your exchange’s official timeline for accurate information.
Bank Transfer Timeframes: After the exchange processes your request, your bank may take an additional one to three business days to reflect the funds in your account. This can vary based on your bank’s operating hours and local holidays.
Delays Due to Verification or Compliance Checks: If your withdrawal triggers a compliance review or if your account information is incomplete, delays can occur. Ensure that your identity verification and bank account linking are fully completed to avoid unnecessary wait times.

How to Convert Crypto to Stablecoins Before Withdrawing

Why Converting to Stablecoins Can Help

Reduce Volatility Risk: Stablecoins are pegged to fiat currencies like the US dollar, helping you avoid sudden price fluctuations. Converting your crypto to stablecoins before withdrawing ensures your funds maintain their value during transfer processes.
Faster Cashout Process: Many exchanges offer faster trading pairs and withdrawal options for stablecoins. Selling a stablecoin for fiat money is often quicker and simpler than selling more volatile cryptocurrencies like Bitcoin or Ethereum.
Lower Transaction Fees: Some networks have lower fees when sending stablecoins compared to major cryptocurrencies. This means you can save money during transfers, especially when using networks like Binance Smart Chain or Tron.

How to Swap Tokens in Trust Wallet Safely

Use the Built-In Swap Feature: Trust Wallet offers a built-in swap function where you can exchange one token for another without leaving the app. Select the crypto you want to swap, choose a stablecoin like USDT or USDC, and approve the transaction.
Double-Check Token Details: Always verify that you are selecting the correct token and blockchain network when swapping. Mistakes like choosing the wrong token or network can lead to failed transactions or even permanent loss of funds.
Monitor Gas Fees Before Swapping: Depending on network congestion, gas fees can vary widely. Check the estimated fees before completing your swap and consider waiting for a less busy time to minimize transaction costs when exchanging to stablecoins.

Can you directly withdraw fiat money from Trust Wallet?

No, Trust Wallet does not support direct fiat withdrawals. You must transfer your cryptocurrency to a centralized exchange, sell it for fiat currency, and then withdraw the fiat money to your linked bank account through the exchange platform.

What is the best way to withdraw funds from Trust Wallet safely?

The best way to withdraw funds safely is by sending your crypto to a trusted exchange like Binance or Coinbase. Always double-check wallet addresses and network types before sending to avoid losing your assets due to errors or scams.

Are there fees when withdrawing money from Trust Wallet?

Trust Wallet itself does not charge withdrawal fees, but network transaction fees apply when transferring cryptocurrency. Additionally, when you sell crypto on an exchange and withdraw fiat to your bank, trading fees and withdrawal fees from the exchange may also apply.