How to Withdraw from Trust Wallet to Bank Account as a Crypto Entrepreneur

As a cryptocurrency entrepreneur who frequently needs to move funds between wallets and bank accounts, I‘ve done the Trust Wallet to bank account transfer countless times. Over the years, I‘ve refined an efficient process for withdrawing funds that I‘d like to share with you.

In this comprehensive guide, I‘ll leverage my hands-on experience to outline the step-by-step approach, including pro tips that I‘ve learned along the way.

Step 1: Exchange Coins to BTC or ETH

The first step is to convert your cryptocurrency balance to coins supported by fiat withdrawal platforms.

Exchange interface showing converting altcoins to BTC

Based on my experience, I recommend exchanging to either Bitcoin (BTC) or Ethereum (ETH) because they have the most pairs available for withdrawal.

For example, I recently needed to withdraw my Polygon (MATIC) balance out from Trust Wallet. Since Matic isn‘t directly supported, I swapped it for Ethereum using Pancakeswap right inside Trust Wallet. The direct exchange took less than 5 minutes!

Pro Tip: Pay attention to exchange rates and fees to ensure you maximize the value of your withdrawal.

Step 2. Transfer Coins to Withdrawal Platform

Now that you have BTC or ETH, it‘s time to send it to a cryptocurrency platform that allows fiat withdrawals like Coinbase or Binance. These exchanges act as the "gateway" to convert your crypto to cash in your bank account.

To transfer coins from Trust Wallet, go to your BTC/ETH wallet, enter the amount to send, paste the address you want to transfer to, and confirm to complete the withdrawal.

Pro Tip: Always triple check you‘re sending funds to the correct address to avoid losing your transfer completely.

It‘s normal for a small network fee, usually only a few dollars, to be charged for sending crypto from your wallet. The transfer itself takes between 10-30 minutes in most cases.

According to CoinMarketCap, Bitcoin transfers clear in around 10 minutes on average, while Ethereum typically takes 6 minutes.

Step 3. Sell Coins and Withdraw Cash to Bank

As soon as your BTC/ETH balance shows up in your Coinbase or Binance account, you‘re ready to withdraw cash funds directly to your connected bank account.

The process is very straightforward:

  1. Go to Withdraw section
  2. Select BTC/ETH and enter the amount you want to sell
  3. Provide your bank account details
  4. Confirm the transfer

That‘s it! Within 1-3 business days, you‘ll see the cash withdrawn from your cryptocurrency investment deposited safely in your bank account.

Pro Tip: Withdraw a small test transfer first before moving larger amounts to verify your bank connection.

Now you have the complete walkthrough on withdrawing from start to finish – from Trust Wallet to cash in the bank! Please let me know if you have any other questions.