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From Trust Wallet to Bank Account: essential methods to convert your cryptos into fiat
Are you looking to transfer your cryptocurrency from Trust Wallet to your bank account ? There are several ways to sell your cryptocurrencies and receive Fiat currency (euros, dollars, etc.) on your account. In this article, you will understand the two major methods to make this withdrawal. The first is to go through providers integrated directly into the mobile application , and the second involves transferring your funds to a centralized exchange platform ( CEX ). Each approach has its advantages and disadvantages in terms of transaction costs , availability and deadlines . Find out which one suits you best.
Table of contents
From Trust Wallet to Banking Account: advantages and disadvantages of the two methods
Before entering into the technical details, here is a quick overview of the strengths and limits of each approach to go from Trust Wallet to Bank Account :
- Go through an integrated provider (MoonPay, Ramp, etc.)
- Advantages : quick to implement, directly accessible from the Trust Wallet , fluid interface.
- Disadvantages : costs can be raised (service costs, bank card or SEPA transfer ), sometimes limited geographic coverage, several KYC in the service provider.
- First transfer your cryptos to a centralized exchange
- Advantages : more liquidity , transaction costs often lower, possibility of comparing several pairs (eg stablescoins against USD/EUR) before selling.
- Disadvantages : Request additional handling ( send your cryptos from Trust Wallet to the exchange platform blockchain blockchain block + internal exchange deadlines).
In both cases, you will have to convert your Tokens to Fiat via a crypto-fiat bridge . The choice depends on your profile, your location and the cryptocurrency that you are looking for to sell.
From Trust Wallet to Bank Account: Part 1, use the integrated providers of Trust Wallet
1. Overview of integrated services
Trust Wallet is a -custom safety and decentralization portfolio . It does not manage bank withdrawals , but it offers third -party partners to buy or sell cryptos. Among these providers, we find:
- MoonPay : Known for its simple interface and its range of supported crypto-assets
- Ramp or Transak crypto-fiat conversion services in various regions of the world.
The major advantage: you can convert directly from the mobile application , without going through another website. On the other hand, the costs of these providers can climb, especially if you often sell or large amounts.
2. Practical steps to sell your cryptos via an integrated provider
The procedure varies slightly according to the provider, but the base remains similar. Suppose you want to sell BTC or ETH with MoonPay . Here is an example of instructions:
- Open Trust Wallet on your phone.
- Home tab Sell option (depending on the interface version)
- You will probably be asked for identity documents and a RIB for the SEPA transfer .
- After confirmation, the third -party service calculates its network and conversion costs.
- Send the sum in crypto to the address indicated by the service provider.
- You may have to scan a QR code or manually enter the reception address.
- Once the transaction has been validated on the blockchain , the service provider will send you the amount in euros (or dollars) on your bank account .
Fresh and deadlines
Transaction costs include :
- Provider's costs ( MoonPay , Ramp, etc.): a percentage plus a fixed amount, depending on your country.
- Gas costs : Blockchain can require a commission (often on Ethereum or BNB Smart Chain).
- banking costs (rare, but some banks invoice the reception of international transfers).
Reception times vary between 1 and 5 working days, depending on your locality and the Wire Transfer used. Certain solutions (eg bank card ) are faster but more expensive.
Advantages of this solution
- No need to create a new account on an Exchange .
- Relatively simple process, everything is done within Trust Wallet .
- Ideal for occasional sales or small amounts.
Disadvantages
- costs : the percentage can range from 2 % to 5 % or more, according to providers .
- Limit if you sell large quantities or if you need to manage several in ltc Ons not supported.
- The withdrawal limits can be low, depending on the regulation of your country.
For many occasional users, this solution remains interesting in order to transfer digital assets to euros or USD without additional handling.
From Trust Wallet to Bank Account: Part 2, go through a centralized exchange platform (CEX)
1. Presentation of the method
The second option is to transfer your cryptos from Trust Wallet to a centralized exchange like Binance , OKX or Bitvavo . Once your tokens have been received on this CEX, you can sell them against fiats (EUR, USD, etc.) and make a bank withdrawal to your account. The principle is simple:
- Identify the deposit address on the Exchange (corresponding to your cryptocurrency).
- Send your funds from Trust Wallet to this address.
- Wait for the blockchain .
- Sell your cryptos on the CEX, either directly at the market price (market order), or via a limit order to potentially obtain a better course.
- Make a SEPA transfer or card withdrawal from CEX to your bank account .
It is the favorite method of many regular users, because the costs are often lower than with integrated providers. However, there are some subtleties to take into account.
2. Concrete steps to remove your cryptos via a CEX
a) Preparation Trust Wallet side
- Make sure you have enough cryptocurrencies to cover gas costs . For example, if you send ERC -20 , you will need ETH to pay the transaction.
- Identify the token you want to transfer ( BTC , ETH, BNB …) and select the blockchain in Trust Wallet .
b) Recover the deposit address on the exchange platform
- Connect to your account on a centralized exchange .
- Go to the “Depot” or “Deposit” section.
- Choose the cryptocurrency and check the network (for example: ERC-20 or BSC) so as not to be mistaken.
- Copy the indicated reception address
c) Transfer from Trust Wallet to Exchange
- Open Trust Wallet and select the crypto in question.
- Press Send or “Send”.
- Paste the deposit address copied beforehand.
- Enter the amount you want to transfer.
- Validate and pay network fees .
- Wait for confirmation (may vary from a few seconds to several minutes depending on the blockchain ).
To see the steps in detail, screenshot by screenshot, we made an example in our free guide to download below:
d) Sale on the exchange platform
- Once the funds have been arrived, your balance on the CEX should display the quantity received.
- Access the trading or market .
- Choose the pair corresponding to your crypto. For example, if you have BTC and want euros, look for the BTC /EUR .
- Sell your cryptos via a market order (immediate execution) or a limit order (price control but uncertainty about the execution time).
The balance is then found in euros (or dollars) in your CEX Fiat portfolio.
e) Fiat withdrawal to your bank account
- Go to the withdrawal (withdraw) in Fiat currency.
- Select your method: SEPA transfer , bank card , sometimes Paypal .
- Find out your bank details (IBAN, SWIFT, etc.) if it is the first time.
- Validate the transaction. Transfer times generally vary between 1 and 3 working days for a transfer.
Money arrives on your bank account . Depending on the platform, fixed or a percentage apply, but these costs are generally lower than in integrated providers from Trust Wallet .
3. Advantages and limits of the passage by a CEX
- Benefits :
- Transaction costs lower, especially for users who often sell or large amounts.
- Large choice of trading pairs , including stablescoins such as USDT , USDC , Busd, DAI, etc.
- Possibility to optimize your conversion by choosing the right time of sale, or using advanced orders to take advantage of volatility .
- Disadvantages :
- Requires to create an account on an exchange , with KYC and two -factors authentication .
- Involve a double step: Cryptos transfer → Sale → Fiat removal.
- trading beginners ).
Despite these small brakes, the majority of traders and advanced users prefer to go through this method for flexibility and reduced costs.
From Trust Wallet to Bank Account: common points and elements to remember
- KYC verification : Whether you use an integrated provider or a centralized exchange , expect to prove your identity (identity card, passport, address proof, etc.).
- Cryptos safety : Before transferring your funds, be sure to be on the right network. A blockchain or address error and you risk losing your tokens .
- Fees : Always check the gas costs , service commissions, and compare if possible. The more operations you do, the more crucial cost optimization.
- Deadline : bank transfers can take 1 to 5 days depending on the geographical area. On some services, you can receive money faster, but at a higher price.
- Liquidity providers or exchanges may not support them. In this case, it is sometimes necessary to first convert to Stablescoin ( USDT , USDC ) or BTC /ETH to finalize the withdrawal.
From Trust Wallet to his bank account: conclusion, which option to choose?
Ultimately, sending your Trust Wallet cryptos to bank account is nothing rocket science, provided you understand the two main methods:
- Use integrated providers as MoonPay, Ramp, Transak directly from the application.
- Simple to set up.
- Potentially higher costs and variable geographic coverage.
- Transfer your assets to a centralized exchange (Binance, Coinbase, Kraken, etc.).
- Fresh lower.
- More control over liquidity and date of sale.
- Additional steps (create an account, go through trading ), but profitable for important amounts.
For small sales or occasional use, the first solution may be enough, while more active users - or in search of costs - will favor a centralized exchange .
⚠️ Important note : some users sometimes report the apparent disappearance of funds on Trust Wallet . In most cases, this comes either from a temporary display error , or from a lack of security that led to a compromise. Before panicking, consult our complete guide on the subject to understand the possible causes and know what to do by following the link in blue.
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Yohan Uzzan
Training engineer, I quickly became interested in the field of finance. Convinced that decentralized finance has a bright future ahead of it, I participate in its democratization by developing Crypternon.
