How to Withdraw Money From Trust Wallet: The Best Methods

Trust Wallet is a popular crypto wallet known for its user-friendly mobile and web extension interface, making it accessible to over 140 million users around the world. Given its popularity, you might be thinking of trying it out or already using it but having a bit of a hard time figuring out how to withdraw money from Trust Wallet.

Actually, this is a pretty common issue because, despite its ease-of-use, knowing how to cash out Trust Wallet can feel a bit tricky. There are a few essential steps and factors to consider, especially if you want to ensure a safe and efficient withdrawal process.

But don’t worry! That's exactly why I’m here—to walk you through the various methods on how to withdraw money from Trust Wallet, including using popular platforms like Binance and Bybit. Let’s get started!

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How to Withdraw Money From Trust Wallet to Your Bank Account

One of the most common questions people ask is how to withdraw money from Trust Wallet directly to their bank account. This is important information for many, as knowing how to send money from a Trust Wallet to bank account allows you to secure your assets in a traditional custodial institution, where you can easily access them for everyday expenses.

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However, the main hurdle is that banks deal with fiat currency, while your crypto wallet holds cryptocurrencies. This means there's no way on how to cash out on Trust Wallet directly. To complete the process, you'll need to convert your crypto into regular money using third-party help before sending it.

The good news is that you don’t need to spend much time figuring out how to sell crypto on Trust Wallet to bank account, as the wallet has a built-in feature that makes this process much simpler. This way, you won’t need to first sell your crypto on a separate exchange (though I’ll cover that method along the way, too!).

It's a pretty simple process, really—all you need is an internet connection, a mobile phone or computer, and the Trust Wallet app. That being said, let me walk you through how to send money from Trust Wallet to bank account using both the wallet's web browser extension and the mobile app to make the process much smoother.

Using a Web Browser

The web browser extension features a simple design with an easy-to-navigate interface, making it a breeze for users of any experience level to figure out how to withdraw money from Trust Wallet directly.

On top of that, it's also compatible with various browsers like Chrome, Brave, Opera, and Edge, making it versatile for different users. In this section, I’m going to show you the steps on how to get money out of Trust Wallet via the Chrome browser extension.

Step 1: Open the Trust Wallet extension on Google Chrome and unlock your wallet.

Step 2: From the menu, select [Buy & Sell], then navigate to the [Sell] tab.

Step 3: Choose the cryptocurrency you want to sell and enter the amount.

Step 4: Select the fiat currency you want to receive in return.

Step 5: Pick your preferred payment provider from the available options.

Step 6: Follow the remaining steps to take money out of Trust Wallet to your bank account.

That’s pretty much all there is to it! If you're using a different browser, the process should be quite similar—just follow the same basic steps. This way, you can easily figure out how to sell crypto on Trust Wallet to a bank account, regardless of the browser you prefer.

Using a Mobile Phone

Whether you’re on iPhone or Android, learning how to transfer money from Trust Wallet to bank account on your phone is just as easy as on a computer. Here’s a guide to make it a smooth experience:

Step 1: Make sure your Trust Wallet app is updated to the latest version via the App Store or Google Play.

Step 2: Launch the app and open your wallet.

Step 3: Select the [Sell] option from the main screen.

Step 4: Choose the coin you want to [Sell].

Step 5: Enter the amount you want to sell and select "Ramp".

Step 6: Choose the fiat currency you want to receive, verify the amount, and tap [Proceed].

Step 7: Enter your email to receive the verification code and then enter the code.

Step 8: Add your billing address and payout details.

Step 9: Select [Send with your wallet] to transfer the crypto.

Step 10: Review the transaction and tap [Confirm] to finalize the sale.

That's how to transfer money from Trust Wallet to your bank account without hassle! Your funds should appear in your account shortly, though processing times can vary depending on your payment method. For example, ACH transfers can take up to two business days to be fully processed and reflected in your bank account, so be sure to keep that in mind.

How to Get Money Off Trust Wallet and Transfer to Crypto Exchanges

Now that you know how to withdraw money from Trust Wallet to your bank account, you might also want to explore how to take money out of Trust Wallet to popular cryptocurrency exchanges like Binance or Bybit.

This can be especially useful if you're planning to trade your crypto holdings and take advantage of the advanced trading features these platforms offer. Additionally, cryptocurrency exchanges usually provide high liquidity,^[1] which means you may get more favorable selling conditions or, in some cases, even benefit from lower transaction fees compared to direct withdrawals.

Another significant advantage of knowing how to withdraw crypto from Trust Wallet to exchanges is that these platforms usually make it easier to convert your digital coins into a broader range of fiat currencies. Once you've done that, you can withdraw your funds directly to your bank account, making the process smooth and giving you more flexibility when cashing out.

Binance

Asking how to transfer from Trust Wallet to Binance is pretty common in the crypto community, especially since Trust Wallet is owned by Binance itself (though, note that it is not a part of the Binance ecosystem). To help you navigate this process smoothly, here’s an easy guide that will walk you through each step:

Step 1: Log in to your Binance account and go to your dashboard.

Step 2: Select [Deposit] and choose [Deposit Crypto].

Step 3: Select the crypto you want to transfer and choose the appropriate network.

Step 4: Choose [Get Address] and copy the provided deposit address.

Step 5: Open your Trust Wallet app and navigate to your wallet.

Step 6: Select the cryptocurrency you want to transfer and hit [Send].

Step 7: Paste your Binance deposit address and enter the amount you wish to send.

Step 8: Double-check the transfer details, including the network fee. If everything looks good, click [Confirm].

Step 9: Your transfer will now be processed.

Depending on the network's traffic, it might take a few minutes for the transfer to complete. You can keep an eye on its status by checking the transaction log on your Binance dashboard. Once your transfer is complete, you'll be able to trade your crypto to fiat and withdraw it to your bank account.

Now, let's move on to the next part, where we'll learn how to withdraw money from Trust Wallet to Bybit.

Bybit

Given the popularity of transferring from Trust Wallet to Binance, many users are now curious about how to withdraw money from Trust Wallet without Binance. If you’re one of those looking for an alternative, let me show you how to do it using Bybit, another well-known and reliable crypto exchange.

Step 1: Log in to your Bybit account and head to the dashboard.

Step 2: Click on [Assets] and choose [Deposit].

Step 3: Pick the coin you want to transfer and make sure you select the right chain type.

Step 4: Acknowledge the information message and copy the deposit address.

Step 5: Open the Trust Wallet app and unlock your crypto wallet.

Step 6: Select the cryptocurrency and click [Send].

Step 7: Paste the Bybit deposit address and enter the amount you want to send.

Step 8: Review and click [Confirm] to proceed.

Step 9: Wait for the transfer to be completed.

Similarly, the transfer might take a little while, depending on how busy the network is. Once the transfer is complete, your crypto will be ready to use on Bybit. You can then use the coin to access the platform's features, such as derivative and spot trading, Bybit Earn, or exchange it for fiat currency.

Now, if you're planning to learn how to withdraw money from Trust Wallet without Binance or Bybit, and prefer to use a different exchange like Kraken, the process is pretty much the same. Just find your deposit address on the exchange, copy it, and paste it into Trust Wallet's recipient address to send your crypto. Easy, isn't it?

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How to Withdraw Money From Trust Wallet to Hardware Wallets

You might also wonder how to withdraw money from Trust Wallet without Binance or relying on other cryptocurrency exchanges, especially if you're not into crypto trading and just want to keep your assets safe. If that's the case, one of the safest ways is to transfer them to a secure hardware wallet.

Different from software wallets like Trust Wallet, a hardware wallet is a physical device that stores your private keys offline and doesn't need constant internet access.^[2] This makes it much safer from online threats like hacking.

Devices like Trezor Safe 5 or Ledger Nano X are among the most trusted options for securely storing cryptocurrency. They're ideal for long-term holding or if you only plan to trade or convert your crypto into fiat currency once in a while. 

On top of that, Trezor and Ledger have user-friendly companion applications that make it much easier to figure out how to withdraw crypto from Trust Wallet to these hardware wallets. With intuitive interfaces and various helpful features, managing your assets becomes seamless, allowing you to focus on keeping your investments secure. 

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Trezor Safe 5

Thanks to its excellent security protocols and support for thousands of crypto assets, Trezor Safe 5 is a go-to choice for many when it comes to hardware wallets. If you're curious to learn more, you can find a detailed review here.

When it comes to learning how to withdraw money from Trust Wallet to Trezor wallet, the process is almost the same across all models. So, even if you're using a different Trezor device, don’t worry—the steps are just as easy to follow.

To safely transfer money from Trust Wallet to your Trezor Safe 5, you’ll first need to download and install the Trezor Suite app on your computer. Once that’s ready, follow these simple steps to complete the transfer:

Step 1: Open the Trezor Suite app and connect your Trezor Safe 5.

Step 2: Go to [Receive] in your account

Step 3: Click [Show Full Address] and copy the displayed address.

Step 4: Confirm the address on your Trezor device.

Step 5: Open Trust Wallet and select the crypto you want to send.

Step 6: Tap [Send], paste the copied Trezor address, and enter the amount.

Step 7: Review the details and confirm the transaction.

When you receive crypto in your Trezor, it will first show up as "unconfirmed" in your transaction panel. This just means the network is still processing it. Once it's done, the status will change the exact time the transaction was confirmed. If you want to double-check, you can always see the status of your transaction in a blockchain explorer by clicking on the confirmation time.

Ledger Nano X

Did you know that the Trust Wallet extension can easily connect with Ledger hardware wallets? This integration makes transferring between them easy, allowing you to manage your crypto assets securely while keeping your private keys offline.

Let me walk you through how to cash out from Trust Wallet to your Ledger Nano X, one of the most reliable cryptocurrency hardware wallets available. And don’t worry—if you’re using another Ledger model, the steps are nearly identical across all devices.

Before we start, make sure your Ledger device is updated with the latest firmware and that you've set up your Ledger Live app. Once you're all set, follow these simple steps:

Step 1: Open Trust Wallet and go to the main dashboard.

Step 2: Click the wallet dropdown and select [Add New Wallet].

Step 3: Select [Connect your Ledger Wallet] and input your password.

Step 4: Connect your Ledger device to your computer using a USB cable and unlock it with your PIN.

Step 5: Open the appropriate blockchain app on your Ledger and press both buttons on your Ledger device at the same time.

Step 6: In the Trust Wallet Extension, click the [Connect] button and select your Ledger device.

Step 7: Choose the Ledger addresses you want to use and click [Continue] to complete the connection.

Step 8: Click the wallet selector underneath your balance and ensure your Ledger wallet is selected.

Step 9: Select [Receive], choose the cryptocurrency, and copy the Ledger wallet address.

Step 10: Go back to the main dashboard, click the wallet selector option, and select the wallet from which you'll send the crypto.

Step 11: Click [Send], choose the cryptocurrency again, paste the Ledger wallet address, and enter the amount to send.

Step 12: Click [Preview] to review the details, then click [Confirm] to send the crypto.

Step 13: Approve the transaction on your Ledger device to finalize the transfer

And that’s it! You’ve successfully figured out how to withdraw money from Trust Wallet to your Ledger Nano X. After approving the transaction, you’ll see the status update on the Trust Wallet Browser Extension from "Pending" to "Success" once it’s processed on the blockchain.

How to Withdraw Money From Trust Wallet to Payment Platforms

Now that you've learned how to withdraw money from Trust Wallet to a secure hardware wallet for long-term savings, you might also want to consider transferring your funds to mainstream payment platforms like PayPal or Cash App for easier transactions.

These apps are very popular and widely accepted by merchants globally, making them ideal for everyday spending—whether you’re shopping online, paying bills, or sending money to friends.

PayPal

PayPal has been ramping up its cryptocurrency support ever since the launch of its stablecoin, PYUSD, in August 2023. Nowadays, using crypto through its platform has become even easier, whether you're sending, receiving, or spending.

To figure out how to cash out Trust Wallet assets on PayPal, just follow these simple steps below:

Step 1: Open your PayPal account, go to the [Finances] tab, and tap on your crypto balance.

Step 2: Tap on the transfer arrows, then select [Receive]. Choose the cryptocurrency you’re transferring and copy the receiving address.

Step 3: Open the Trust Wallet app and log in to your wallet. Then, choose the cryptocurrency you want to transfer and click [Send].

Step 4: Paste the PayPal receiving address and enter the amount of crypto you want to transfer. Review the details and complete the transfer.

Step 5: Open your PayPal and select [Account]. Then, select one of the existing crypto holdings and choose [Sell].

Step 6: Confirm Tax Information (needed for first-time sale), enter the amount you want to sell, tap [Next], and then [Sell Now]

That's it! Now you know how to cash out Trust Wallet assets on PayPal. Once the crypto is converted to fiat in your PayPal account, you can easily use it to make payments to merchants or shop globally.

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Cash App

Figuring out how to transfer money from Trust Wallet to Cash App is actually pretty easy. But, there’s an important detail to keep in mind—Cash App only supports Bitcoin deposits. Sending any unsupported cryptocurrency, such as BCH or BSV, could lead to the loss of your funds!

So, if you're holding other types of cryptocurrencies in Trust Wallet, you’ll first need to convert them to Bitcoin. Unfortunately, as of writing, Trust Wallet’s swap feature doesn't support direct Bitcoin swaps. This means you’ll have to use another platform that supports converting your crypto to Bitcoin.

Once you have Bitcoin in your Trust Wallet, follow these steps to transfer it to Cash App:

Step 1: Tap the [Money] tab on your Cash App home screen.

Step 2: Tap the Bitcoin tile, then select [Deposit Bitcoin].

Step 3: Copy your Cash App Bitcoin address.

Step 4: Open Trust Wallet and log in.

Step 5: Select Bitcoin and choose [Send]. Then, paste the Cash App deposit address and enter the amount of Bitcoin you want to transfer.

Step 6: Review the transaction details and complete the transfer.

Keep in mind that Cash App limits Bitcoin deposits to $10,000 over any 7-day period. Also, the transfer might take some time to complete, depending on the network activity.

After figuring out how to transfer money from Trust Wallet to Cash App, you can also easily sell your Bitcoin by following these simple steps:

Step 1: Select the "Money" tab on your Cash App home screen.

Step 2: Tap on the "Bitcoin" tile.

Step 3: Select [Sell].

Step 4: Choose a preset amount or tap "…" to enter your own.

Step 5: Enter your PIN or use Touch ID, then tap [Confirm].

And that’s it! You've successfully sold your Bitcoin on Cash App. Once the transaction is confirmed, you can use the funds for transactions, withdraw them to your bank account, or manage them directly within the app!

Trust Wallet Withdrawal Fees

Now that you know how to withdraw money from Trust Wallet to various platforms, including exchanges, hardware wallets, and other digital payment applications, you might be curious about the costs that might be involved, especially regarding Trust Wallet withdrawal fees.

Thankfully, using Trust Wallet won't cost you a thing. There are no hidden fees or subscription charges, and whether you're sending, withdrawing, or receiving funds, the platform itself doesn’t add any extra costs.

However, keep in mind that there is a network fee when you make transactions. Basically, this fee can vary based on how quickly you want your transaction processed.^[3] If you're in a hurry, opting for a higher fee usually means your transaction gets processed faster. On the other hand, if you're not in a rush, a lower fee will save you some money, but your transactions might take longer.

Additionally, when buying or selling crypto through Trust Wallet, third-party providers may charge their own fees. For example, if you’re using a service like Ramp to sell your crypto and withdraw it directly to your bank account, you can expect a minimum charge of around €2.49 per transaction. These fees can also vary depending on your location and the provider’s terms.

While it’s good to know that Trust Wallet withdrawal fees aren’t a concern, you still need to keep in mind the network fees and any charges from third-party providers. These costs aren’t from the Trust Wallet itself, but they can still impact your overall expenses when cashing out your crypto.

Top Security Tips When Cashing Out Crypto

It’s important to know how to withdraw money from Trust Wallet to different platforms, but it’s equally important to ensure that you do it securely. To help keep your transactions safe, here are some essential security tips:

Tip 1: Craft Powerful Passwords

A strong and unique password is your first line of defense to keep your Trust Wallet account safe. Just imagine if someone were to hack into your wallet because your password is "password" or your birthday, which is similar across all your accounts. You wouldn't even be able to withdraw your money because the hacker would have emptied your account dry.

It's important for you to create a highly secure password that is difficult to guess. Try using a combination of uppercase and lowercase letters, numbers, and symbols. Also, resist the temptation to reuse the same password across multiple sites, as this could increase the risk of a single breach compromising all your accounts.

Tip 2: Ensure Your Internet Connection is Safe

When you take out money from Trust Wallet, make sure you're on a secure and private internet network. Public Wi-Fi, like the one in coffee shops or airports, might be convenient, but it’s also risky. Hackers can easily grab data on these networks, putting your wallet details and personal info at risk.

To play it safe, use your personal Wi-Fi at home or, even better, connect through a VPN to encrypt your activity. It’s a simple step that adds an extra layer of security to your transactions and helps protect your assets.

Tip 3: Keep Everything Updated

It's also important to keep your Trust Wallet app and your device's operating system up to date to make sure your crypto transaction stays secure. Hackers are always looking for ways to sneak into older versions of apps and software, but developers are constantly working on updates to fix these issues. By keeping everything up to date, you're staying ahead of potential threats.

The Trust Wallet team often releases updates with important security improvements, so it's a good idea to set your phone to auto-update the app or just check for updates every now and then. This simple action can help protect your funds and keep them safe from any unexpected risks.

Tip 4: Avoid Suspicious Links and Downloads

Last but not least, as you've figured out how to withdraw funds from Trust Wallet, it’s equally important to be aware of phishing attacks, which are a major threat in the crypto space. Scammers often try to trick you into clicking on malicious links or downloading harmful software to steal sensitive information, such as your private keys.

Always stay cautious with unexpected emails, messages, or pop-ups that ask for personal information or direct you to unfamiliar websites. A key thing to remember is that Trust Wallet will never ask for your private key or seed phrase. If you encounter a request like that, it’s a definite red flag—best to steer clear of it!

By following these security tips, you can minimize the risks when withdrawing from Trust Wallet. Staying vigilant and prioritizing security are essential steps to keeping your assets safe.

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Conclusions

Knowing how to withdraw money from Trust Wallet is important if you’re using this popular and user-friendly software wallet. Whether you're planning to cash out into fiat, swap your coins on an exchange, or transfer your funds to a widely accepted payment app, being aware of the proper steps can help you manage your assets effectively.

While Trust Wallet is convenient with its web extension and mobile app, it’s worth noting that, as a hot wallet, it’s more vulnerable to online threats. This makes it less ideal for long-term storage. If you plan to hold onto your assets for an extended period, a hardware wallet like Ledger Nano X or Trezor Safe 5 would be a safer choice.

Additionally, it's essential to develop good security habits as you figure out how to transfer from Trust Wallet to bank account, exchange, or other platforms. Be cautious of suspicious links, use a strong password, keep your app updated, and avoid using public Wi-Fi for transactions to protect your assets from potential threats. Staying vigilant is key to keeping your crypto safe!

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Scientific References

1. B. Tripathi & R. K. Sharma: 'Cryptocurrency exchanges and traditional markets: A multi-algorithm liquidity comparison using multi-criteria decision analysis';

2. S. Suratkar, M. Shirole, S. Bhirud: 'Cryptocurrency wallet: A review';

3. E. Erdin, M. Cebe, K. Akkaya et al.: 'A Bitcoin payment network with reduced transaction fees and confirmation times'.