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How to transfer from Trust Wallet to bank account?

Published: 2025-05-30

To transfer from Trust Wallet to a bank account, first send your crypto to an exchange that supports fiat withdrawals. Then, sell the crypto for your local currency and withdraw the funds to your linked bank account from the exchange.

Table of Contents

Converting Crypto to Fiat Currency

Selling Crypto Through a Centralized Exchange

Choose a Trusted Exchange: To convert crypto to fiat, select a reputable centralized exchange like Binance, Coinbase, or Kraken. These platforms support crypto-to-fiat trading and direct bank withdrawals.
Transfer Crypto to Exchange Wallet: Send your cryptocurrency from Trust Wallet to your exchange wallet by copying the exchange’s deposit address and initiating a transfer from Trust Wallet. Ensure the network matches the one supported by the exchange.
Execute a Sell Order: Once the funds arrive in your exchange account, go to the trading section, select your crypto pair (e.g., BTC/USD), and place a sell order to convert your crypto into your desired fiat currency.

Understanding Exchange Rates and Fees

Market Price Variations: Exchange rates can vary between platforms due to liquidity and market demand. Always check the real-time price before selling to get the best value.
Trading Fees: Centralized exchanges charge a small percentage as trading fees, typically ranging from 0.1% to 1% per transaction, depending on the platform and user tier.
Withdrawal Fees: After selling, withdrawing fiat to your bank account may incur additional fees. These can be flat fees or a percentage, so review the exchange’s fee schedule before initiating a withdrawal.

Choosing the Right Exchange Platform

Recommended Exchanges for Fiat Withdrawals

Binance: Binance supports a wide range of cryptocurrencies and fiat currencies. It offers various withdrawal options, including direct bank transfers, and is known for low fees and high liquidity.
Coinbase: Coinbase is user-friendly and ideal for beginners. It supports fiat withdrawals in many countries via bank transfer and PayPal, offering a simple interface for selling and cashing out crypto.
Kraken: Kraken provides strong security and supports multiple fiat currencies like USD, EUR, and GBP. It offers bank withdrawals through wire transfer, with competitive fees and reliable service.

Creating and Verifying an Exchange Account

Sign Up Process: Visit the official website of your chosen exchange and create an account by providing a valid email address and setting a secure password. Ensure you use accurate personal details.
Identity Verification: Most exchanges require KYC (Know Your Customer) verification. Upload a government-issued ID, a selfie, and proof of address to verify your identity before making fiat withdrawals.
Bank Account Linking: After verification, link your bank account to the exchange by providing your bank details. Some exchanges may require a small test deposit to confirm ownership before enabling withdrawals.

Sending Crypto from Trust Wallet to an Exchange

How to Get Your Exchange Wallet Address

Login to Exchange Account: Access your exchange account and go to the “Deposit” section. Choose the cryptocurrency you want to transfer from Trust Wallet.
Select the Correct Network: When generating the deposit address, ensure you select the same blockchain network used by Trust Wallet for that specific crypto, such as ERC20 or BEP20.
Copy Wallet Address: The exchange will provide a unique wallet address. Copy this address carefully, or use the QR code provided, to ensure accuracy during the transfer.

Transferring Funds Securely from Trust Wallet

Open Trust Wallet and Select Crypto: Launch Trust Wallet, tap on the cryptocurrency you want to send, then tap “Send.” Paste the exchange wallet address or scan the QR code.
Enter Amount and Confirm: Enter the amount of crypto you wish to transfer, review network fees, and confirm that the receiving address is correct. Tap “Next” to proceed.
Transaction Confirmation: After sending, the transaction will be broadcast to the blockchain. You can monitor the status using the transaction hash provided, and funds will appear in your exchange wallet once confirmed.

Selling Crypto on the Exchange

Placing a Sell Order for Your Crypto

Select the Crypto Pair: After transferring your crypto to the exchange, go to the trading section. Choose the pair you wish to trade, such as BTC/USD or ETH/EUR, depending on the fiat currency you want to receive.
Choose the Order Type: Most exchanges offer different order types, including market orders, limit orders, and stop orders. A market order will sell immediately at the current market price, while a limit order allows you to set a specific price at which to sell.
Enter Amount and Confirm: Enter the amount of cryptocurrency you want to sell. Review the details carefully, including the price and fees, and confirm the sell order to execute the transaction.

How to Convert to Local Currency on the Exchange

Sell Crypto for Fiat: Once your sell order is executed, your crypto will be converted into fiat currency (e.g., USD, EUR). The equivalent amount will be reflected in your fiat balance on the exchange.
Check Conversion Rates: Ensure you are aware of the exchange rate at the time of your sale. Rates can fluctuate, so it’s important to monitor prices to ensure you get the best deal.
Withdraw Fiat to Bank: After converting your crypto to local currency, you can withdraw the funds to your linked bank account. Simply go to the “Withdraw” section, enter the withdrawal amount, and confirm the transaction. Depending on the exchange, fees and processing times for fiat withdrawals may vary.

Withdrawing Fiat to Your Bank Account

Linking Your Bank Account to the Exchange

Adding Bank Details: To withdraw fiat from the exchange, you first need to link your bank account. Navigate to the “Account Settings” or “Banking” section of the exchange and add your bank account details. This typically includes your bank name, account number, and routing number.
Verification Process: Some exchanges may require a verification process, such as a small deposit or a document to confirm your identity and ownership of the bank account. This is done for security and anti-money laundering purposes.
Supported Payment Methods: Different exchanges support different withdrawal methods, such as wire transfers, SEPA, ACH, or PayPal. Choose the most suitable option based on your location and preferences.

Withdrawal Processing Times and Limits

Processing Times: Fiat withdrawals can take anywhere from a few hours to several business days, depending on the exchange and payment method. Wire transfers typically take 1–3 business days, while ACH or SEPA transfers might take up to 5 business days.
Withdrawal Limits: Each exchange has its own withdrawal limits, which are often determined by the verification level of your account. For unverified accounts, limits may be low, while verified accounts may have higher or even unlimited withdrawal limits.
Fees: Some exchanges charge withdrawal fees for fiat transfers. These fees depend on the withdrawal method and the currency being withdrawn. Always check the fee schedule before initiating the transfer to avoid surprises.

How can I transfer crypto from Trust Wallet to my bank account?

To transfer crypto from Trust Wallet to your bank account, first send your crypto to a supported exchange like Binance or Coinbase. After converting your crypto into fiat currency, you can withdraw the funds directly to your bank account.

What exchanges allow withdrawals to bank accounts from Trust Wallet?

Exchanges like Binance, Coinbase, and Kraken allow users to transfer funds from Trust Wallet to their exchange accounts, convert crypto to fiat, and then withdraw the fiat currency to a linked bank account.

How long does it take to transfer from Trust Wallet to a bank account?

The time it takes to transfer from Trust Wallet to a bank account depends on the exchange and withdrawal method. It can take anywhere from a few hours to several business days, depending on factors like network congestion and the payment provider used.