How to Sell Cryptocurrency in Trust Wallet and Transfer to a Bank Account

·

Want to sell your Trust Wallet tokens for cash? You'll need to send them to a centralized cryptocurrency exchange that supports bank withdrawals. Once your tokens reach exchanges like Binance or Coinbase, you can easily trade them for local currency (fiat) and withdraw funds to your bank account. Whether you're cashing out profits or cutting losses, this guide walks you through selling cryptocurrencies like BNB, Bitcoin, and other tokens via Trust Wallet.

Key Takeaways

Step-by-Step Process

1. Choose a Centralized Exchange

Centralized exchanges serve as "off-ramps" to convert crypto to fiat. Popular options include:

👉 Compare exchange fees and features

2. Prepare Your Exchange Account

  1. Register and verify your identity per exchange requirements.
  2. Link your bank account for withdrawals (processing times vary).
  3. Check supported trading pairs (e.g., BNB/USD) for your tokens.

3. Transfer Tokens from Trust Wallet

  1. In your exchange, find the Deposit section for your token.
  2. Copy the deposit address (ensure correct network, e.g., BEP-20 for BNB Smart Chain).

  3. In Trust Wallet:

    • Select the token → Send.
    • Paste the exchange’s deposit address.
    • Enter the Memo if required (e.g., for XRP or BNB).
    • Confirm transaction and pay network fees.

4. Sell Tokens for Fiat

  1. Once tokens arrive (may take minutes to hours), navigate to Trade/Sell.
  2. Select your token and local currency.
  3. Choose market price or set a limit order.
  4. Complete the trade (note exchange fees).

5. Withdraw Funds to Bank

  1. Go to Withdraw in your exchange.
  2. Select the fiat amount and linked bank account.
  3. Submit request (processing times vary by exchange).

Alternative: Swap via Decentralized Exchange (DEX)

For unsupported tokens:

  1. Use Trust Wallet’s DEX or connect to PancakeSwap.
  2. Swap obscure tokens for common ones (e.g., BNB, ETH).
  3. Transfer the swapped tokens to a centralized exchange to sell for fiat.

Fee Note: Swapping incurs blockchain-specific fees (e.g., ETH for ERC-20 tokens, BNB for BEP-20).

FAQs

Q1: How long do bank withdrawals take?

A1: Typically 1–5 business days, depending on the exchange and bank.

Q2: Can I sell crypto without an exchange?

A2: Peer-to-peer (P2P) platforms exist but carry higher risk. Exchanges are recommended for security.

Q3: Why is my token not listed on exchanges?

A3: Lesser-known tokens may lack trading pairs. Swap them for major cryptocurrencies first.

👉 Learn how to reduce transaction fees

Summary