Can I sell crypto in a Trust Wallet?

You cannot directly sell crypto for cash inside Trust Wallet. However, you can use third-party providers within the app to convert crypto to fiat, or transfer your crypto to a centralized exchange like Binance or Coinbase to sell it for traditional currency.

Selling Crypto Options in Trust Wallet

How Third-Party Providers Facilitate Crypto Sales

• Access to Sell Features via Partners: Trust Wallet integrates third-party providers like MoonPay and Simplex that allow users to sell certain cryptocurrencies for fiat currencies. These services are accessible through the Trust Wallet app under the “Sell” section if available.

• Supported Cryptocurrencies and Regions: Not all cryptocurrencies and countries are supported for sales through third-party providers. Generally, users can sell popular coins like Bitcoin and Ethereum, depending on local regulations.

• Fiat Transfers to Bank Accounts: After selling crypto through a third-party provider, the fiat currency is usually transferred directly to the user’s linked bank account or issued through other payout methods like credit cards, depending on the provider’s options.

Limitations of Selling Directly Inside Trust Wallet

• Limited Availability for Selling: Selling crypto directly inside Trust Wallet is not as fully developed as buying crypto. Only a few cryptocurrencies are eligible for direct sales, and the feature may not be available in all regions.

• Dependence on Third-Party Policies: Trust Wallet does not control the terms, fees, or processing times of third-party providers. Users must comply with the third party’s KYC (Know Your Customer) and payment processing requirements.

• Potential Delays and Higher Fees: Selling crypto through integrated providers can sometimes involve higher service fees and longer processing times compared to selling assets on a centralized exchange, making it less ideal for users needing quick access to fiat.

Using External Exchanges to Sell Crypto

How to Transfer Assets to a Centralized Exchange

• Select a Reliable Exchange Platform: Choose a reputable centralized exchange such as Binance, Coinbase, or Kraken that supports the cryptocurrency you want to sell and operates legally in your region.

• Copy Your Deposit Address Carefully: In the exchange account, navigate to the deposit section, select the cryptocurrency you wish to transfer, and copy the provided wallet address. Always double-check the address and network to avoid errors.

• Send Funds from Trust Wallet: Open Trust Wallet, select the cryptocurrency you want to sell, tap “Send,” paste the copied deposit address, choose the correct network, and confirm the transaction. Monitor the transfer to ensure it is successfully received.

Choosing the Right Exchange for Selling Crypto

• Evaluate Exchange Fees and Payout Options: Different exchanges charge different trading and withdrawal fees. Select an exchange that offers low fees, fast fiat withdrawal options, and convenient payout methods like bank transfers or PayPal.

• Check Supported Fiat Currencies: Make sure the exchange supports cashing out into your preferred fiat currency (e.g., USD, EUR, GBP) to avoid extra conversion costs later when withdrawing to your bank account.

• Review Security and Reputation: Trustworthy exchanges implement strong security measures like two-factor authentication (2FA), cold storage for user funds, and insurance against hacks. Always research user reviews and security histories before transferring assets.

Understanding Fiat Conversion in Trust Wallet

How to Convert Crypto to Fiat with Service Providers

• Access Integrated Sell Options: Open Trust Wallet, tap on the cryptocurrency you wish to sell, and select the “Sell” option if available. Trust Wallet will display partnered third-party providers that handle fiat conversions.

• Choose a Provider and Complete KYC: Select a provider like MoonPay or Simplex. You will be required to complete a Know Your Customer (KYC) verification process, submitting identification documents and sometimes proof of residence.

• Receive Fiat Through Bank or Card: After selling your crypto, the third-party provider processes the transaction and sends the fiat equivalent to your linked bank account, credit card, or alternative payout method depending on their service coverage.

Important Factors to Check Before Converting

• Compare Fees and Exchange Rates: Each service provider charges different fees for selling crypto. Always compare rates and fees to ensure you receive the most favorable amount when converting your digital assets into fiat.

• Review Supported Locations and Payment Methods: Not all providers support every country or bank. Before starting the conversion process, check if your region and preferred payment method are available to avoid transaction delays or rejections.

• Understand Processing Times: Fiat transfers are not always instant. Processing can take from a few minutes to several business days depending on the provider, banking partners, and the payment method selected. Plan accordingly if you need quick access to funds.

Best Cryptocurrencies to Sell from Trust Wallet

Popular Coins with Easy Cash-Out Options

• Bitcoin (BTC): Bitcoin is the most widely accepted cryptocurrency for selling and cashing out. Most exchanges and third-party providers support direct BTC-to-fiat conversions with competitive fees and fast processing.

• Ethereum (ETH): Ethereum is also highly liquid, making it easy to sell for fiat. ETH is supported by nearly all major exchanges and third-party services, and it often offers quick transaction settlements.

• Tether (USDT): As a stablecoin pegged to the US dollar, USDT is popular for cashing out because it maintains a stable value and is supported by most platforms, making it simple to convert into fiat with minimal price volatility.

Tokens That May Require Extra Steps for Selling

• Low-Volume Altcoins: Many smaller or niche altcoins are not directly supported for fiat conversion. Users may need to swap these tokens into more liquid assets like BTC or ETH before selling.

• DeFi Tokens and Custom Assets: Tokens from decentralized finance (DeFi) projects or custom-added assets often lack direct fiat selling options. They usually require an additional swap to a major token on a decentralized exchange first.

• Tokens on Less Common Networks: Assets on newer or less mainstream blockchains might not be supported by major exchanges. Users may need to bridge or swap these assets across networks before initiating a fiat conversion, which can add time and transaction fees.

Transaction Fees and Costs When Selling

Common Fees Applied During Crypto Sales

• Service Provider Fees: When selling crypto through Trust Wallet’s third-party services, users usually pay a service fee, often a percentage of the total transaction. These fees can vary depending on the provider and payment method used.

• Blockchain Network Fees: Sending crypto to an external exchange or provider involves paying a network transaction fee. This fee depends on the blockchain congestion and the asset being transferred, with Ethereum typically being more expensive than BNB Chain or Polygon.

• Fiat Withdrawal Fees: Once the crypto is sold and converted into fiat, additional withdrawal fees may apply for transferring funds to your bank account or card. Some services also impose currency conversion charges if the payout currency differs from your local currency.

How to Minimize Costs When Moving Funds

• Choose Low-Fee Blockchains for Transfers: When moving crypto, use blockchains known for lower fees, such as BNB Smart Chain, Polygon, or Solana. Avoid high-fee networks like Ethereum for small transactions unless necessary.

• Compare Provider Fees Before Selling: Different third-party services offer varying rates for selling crypto. Comparing fees across providers within Trust Wallet or external platforms can help you select the most cost-effective option.

• Bundle Transfers When Possible: Instead of making multiple small transfers, consolidate your crypto into larger transactions. This approach reduces the number of network fees you have to pay and can make selling more economical.