Do you want to withdraw money from Trust Wallet to your bank account?
If YES then don’t worry, we have got you covered.
Trust Wallet is without a doubt one of the most popular wallets to store Cryptocurrencies but it just can’t let you deposit money directly to your bank account.
To withdraw money from Trust Wallet to your bank account, you will have to swap your stored token for Cryptocurrencies like Ethereum or BNB first.
Once you have successfully swapped your stored tokens into either BNB or Ethereum, you will have to send them to a popular exchange like Binance or Coinbase.
Once your tokens are sent to Binance, you can sell them for fiat currencies like USD, AUD, GBP and more.
Once you have selected the fiat currency, you will have to select the payment method and enter the amount of money you want to be deposited into your bank account.
Notably, the process of withdrawing money from Trust Wallet to a bank account could take one to two business days.
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In this tutorial, we will use Binance because it supports dozens of fiat currencies and its withdrawal process is pretty easy.
To know how it is done, you will have to keep reading this post till the end.
Without any further ado, let’s get started:
How to Deposit Money From Trust Wallet To Bank Account
To withdraw money from Trust Wallet to your bank account, you will need to follow the steps mentioned below:
Create Binance Account
Firstly, visit the official website of Binance.
Once you are on the site, create an account by clicking on the following referral link or using our referral code.
- Referral Link — https://accounts.binance.com/en-IN/register?ref=414463127
- Referral Code — 414463127
Once you have successfully logged into Binance, click on the ‘Wallet’ option located next to your profile icon.
When you click on it, a menu will appear on the screen, select ‘Fiat and Spot’.
In a new window, you will have to select the Cryptocurrency that you want to convert into fiat currency and click on the ‘Deposit’ button.
If you have Ethereum stored on Trust Wallet and you want it to cash out, select Ethereum on Binance and click on the ‘Deposit’ option.
Before you proceed further, make sure you have verified your Binance account or else you would not be able to deposit money from Trust Wallet to your bank account.
We assume that you have already verified your Binance account.
When you click on the Deposit option, you will be redirected to the BNB wallet.
There, you will get the BNB Deposit Address or Memo Address.
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Transfer BNB From Trust Wallet to Binance
Once you have copied the BNB Deposit Address, head to Trust Wallet and select BNB and click on the ‘Send’ option.
Now, you will have to paste the Wallet Address and Memo Address into the ‘Recipient Address’ and Memo section, respectively.
Once pasted, click on the ‘Next’ button to proceed.
To withdraw money from Trust Wallet to your bank account, you will have to pay a small amount of money in the form of a Network fee.
To confirm the action, click on the Send button.
When you do so, you will have your BNB transferred from your Trust Wallet to your Binance Wallet.
Notably, the withdrawal process might take 30 minutes to 1 hour.
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Once you have successfully sent BNB from Trust Wallet to Binance, you will have to sell the token by clicking on this link.
When you click on the above link, you will land on a page where you can buy and sell Tokens for fiat currency.
Now, enter the amount of BNB you want to sell into the text field that says ‘Please enter amount’ and select the fiat currency (eg: USD, AUD, BRL and EUR and others) that you want to receive.
Once selected, click on the Continue button to proceed.
Once you have successfully sold BNB to Binance, you will get a pop-up message that says “Limit Sell Order Filled‘ or ‘Limit Sell Order Created’.
Withdraw Fiat Currency To Bank Account
To deposit Fiant currency from Trust Wallet to your bank account, open the Binance dashboard.
Once opened, click on the Wallet option and then select the ‘Fiat and Spot‘ tab from the drop-down menu.
In a new window, you will have to select the currency that you selected while selling BNB and click on the ‘Withdraw’ option as shown in the above picture.
When you do so, you will be asked to enter the Withdrawal information like the amount of money you want to receive.
Note: You will have to pay a Transaction fee to get the withdrawal done.
Once entered, click on the Continue button.
When you click on it, you will be asked to select a date. Once selected, click on the Confirm button.
Once the date is confirmed, you will be asked to enter your IBN number.
Once entered, click on the ‘Confirm Withdrawal’ button to deposit money from Trust Wallet to your bank account.
The withdrawal might take 1 to 2 business days to process.
That’s all you need to know about how to withdraw money from Trust Wallet to a bank account in 2022.