How to Transfer Money from Trust Wallet to Bank Account

Well I am sure that many people around the world at least have heard about trust wallet as it is a m amazing cryptocurrency wallet that accepts BEP2 and ERC20 tokens for investment. But in order to withdraw your profit from here, you will have to know how to transfer money from trust wallet to a bank account. 

In this article, I am going to be talking about the requirements that the transfer of funds from Trust Wallet to Bank account. 

Well in a nut shell, I can say that this transfer often require you to make use of Binance or any other popular exchange platform. 

You are able to send money from Trust Wallet to your Bank account by simply following some few steps as you will see further in this article. 

How to Send Money from Trust Wallet to Bank Account 

Among the various platforms that deal with cryptocurrency, Trust wallet is one of the most largely used software wallets as it has an easy user interface, fast speed, and an adequate protection. Due to to all these its amazing features, it is no doubt that almost everyone will want to own an account with them. 

Once you purchase a token, it is being added to your Trust wallet and you  can exchange this token fro a popular currency like BNB or Ethereum in case you wish to sell it.

 Before being able to transfer your funds from Trust wallet to bank account, you must first convert the token into BNB or Ethereum and then use Binance or another well known exchange platform and then send the BNB or Ethereum. 

You should note that Binance accept more than 60 fiat currencies like USD, AUD, GBP and this is the reason why it is the best cryptocurrency exchange.

The withdrawal process can take as long as up to 60 minutes but this is not a problem once you have understood how it works. So let us see how to withdraw money from trust wallet to Bank account.

Step 1 - Create a Binance Account 

The first and most important step is for you to make sure that you have Binance account to use and in case you do not yet have one, then here is how you can open one for yourself. Do not forget that Binance is highly recommended due to the fact that it accepts credits cards, debits cards, bank transfers and cash deposits. 

• On your Browser, move to Binance.com and then sign up for an account
• Once you have registered and logged in, you will be sent to the dashboard

Step 2- Obtain Token's Address

For those that are new, this step might seem to be a little confusing but do not worry cause I have simplified the process below for your understanding.&nbs p;

• On the top navigation bar, you will have to select Wallet and then Fiat and spot. 
• Locate the cryptocurrency that you wish to withdraw and then click on deposit
• Then you will be directed to the wallet of the chosen cryptocurrency
• In order to withdraw your cryptocurrency from your trust wallet, you must have to sell it on Binance and this implies that you will have to copy your cryptocurrency's Binance address. 
• Select the cryptocurrency that you want to deposit in the coin area
• Then you have to copy your cryptocurrency address as well as your MEMO. But you will not require the MEMO if you want to deposit Ethereum. 

Step 3- Transfer Token to Binance

Once you have copied the address, you will have to open the trust wallet app. And now you can send the cryptocurrency that you want to pay out from Trust wallet to Binance by following the steps. You are going to be able to exchange the Bitcoin for fiat dollars in this way;

• Tap on the coin that you wish to withdraw from Trust wallet or you can convert the cryptocurrency that you have into another one if you want. 
• After you have tapped on the cryptocurrency that you wish to pay out, you will be taken to the respective wallet. 
• You are going to see several icons on the wallet including "Send", "Re-ceive", "Copy" and "more"
• Choose to send the cryptocurrency to Binance
• Then Press the send button in order to send your cryptocurrency to Binance
• You are going to see the sending page with numerous fields such as Recipients Adress, BNB Amount, etc
• You will now have to paste your Binance address into the recipient Address section
• In the quantity section, you will have to enter the amount of cryptocurrency you want to transfer to Binance
• Then you can now paste your MEMO in the MEMO area and then press Next
• The last thing you will have to do is to confirm the withdrawal

Step 4- Make use of Binance to Sell the Token

After you have succeeded in transferring your cryptocurrency from Trust wallet, you can now sell it on Binance by following the steps below. 

• You will have to go to Binance buy and sell cryptocurrency page
• You have to choose the cryptocurrency that you wish to sell from the "I want to sell" drop down menu. 
• Specify how much cryptocurrency that you wish to sell
• After that, under the " You will get area" choose the fiat cash that you want to receive

Step 5 - Make Use of Your Bank Account to Withdraw the Money in Your Currency 

Once you have sold the cryptocurrency, you can withdraw the fiat currency to your bank account.

• On Binance, move to the top navigation bar and then select Wallet
• Tap on Fiat and Spot
• Press "Withdraw" that you will see at the top of the page and choose withdraw Fiat
• Then from here, it will be left to you to select the currency that you want to deposit into your bank account
• You can choose a payment method such as Sepa or Bank card (Visa). 
• After that, you will have to submit information about your withdrawal and then Enter the amount that you wish to send to your Bank account
• Press " Withdraw To" and then choose the bank account you wish to send funds to. 
• You will have to complete the security verification after clicking continue. 

You should note that the funds will not be transferred into your Bank account immediately but it will take 40 to 60 minutes for it to be complete. 

How Can I send Funds from Trust Wallet to Bank Account? 

You are able to send money from Trust wallet to your bank account by creating a Binance account, Obtaining a token, Transferring the token to Binance, using Binance to sell the token and then finally make use of your bank to withdraw the money in your desired currency. 

Binance is often recommended due to the fact that it one of the most popular cryptocurrency exchange platform but you can any other popular crypto platform to do this. 

Final Thoughts on How to Transfer Money from Trust Wallet to Bank Account 

Trust wallet is a decentralised wallet and an innovative tool in the crypto world that permits you to make use of Decentralized applications or DApps. The main aim of this platform is to make crypto more accessible by providing a user interface that is straight forward and simple for everyone to use. 

So in this article I have shown you how you can transfer money from Trust Wallet to Bank account, it is left to you now to follow the steps keenly as it appears in the article.