The basic path: Trust Wallet to exchange to bank account
Trust Wallet holds cryptocurrency, not dollars or euros. To move money to your bank account, you need to sell the cryptocurrency first, then withdraw the cash. The process has three steps: sell your crypto on an exchange that Trust Wallet connects to, move the money to that exchange if it isn't already there, then withdraw to your bank account from the exchange.
Trust Wallet itself does not connect directly to banks. You will use a cryptocurrency exchange—Coinbase, Kraken, Gemini, or similar—as the middle step. The exchange converts your crypto to regular currency and handles the bank transfer.
The whole process usually takes three to five business days from the moment you initiate the bank withdrawal, though the crypto-to-cash conversion happens in minutes.
Key Takeaways
- Trust Wallet holds only cryptocurrency; you must sell it on an exchange before moving money to a bank account.
- You will need a verified account on a cryptocurrency exchange (Coinbase, Kraken, Gemini, or similar) with your real name and bank details on file.
- The exchange must support both the type of cryptocurrency you hold and withdrawals to your country's banking system.
- Bank transfers from exchanges typically take two to five business days and may include a small fee from the exchange or your bank.
- Keep records of the transaction date, amount, and exchange rate for tax purposes, as crypto sales are taxable events in most countries.
Step 1: Set up and verify an exchange account
Choose an exchange that operates in your country and supports the cryptocurrency you hold in Trust Wallet. Coinbase, Kraken, and Gemini are the largest, but availability varies by location. Go to the exchange's website (not an app link from a search result—type the URL directly to avoid phishing sites) and create an account with your real name and email.
The exchange will ask you to verify your identity. This means uploading a government ID, sometimes a photo of yourself, and proof of your address (a recent utility bill or bank statement works). Verification can take anywhere from a few minutes to a few hours, depending on the exchange and how busy they are. Some exchanges verify when ready; others review manually.
Once verified, go to the account settings and add your bank account. You will need your account number, routing number (in the US), and the bank's name. The exchange will make two small test deposits to your account—usually under $1 each—to confirm you own it. Check your bank statement in a day or two, and enter those amounts back into the exchange to confirm ownership.
Step 2: Transfer crypto from Trust Wallet to the exchange
Open Trust Wallet and find the cryptocurrency you want to sell. Tap "Send" and select the exchange as your destination. Trust Wallet will ask for the exchange's wallet address for that specific coin—do not guess or copy from somewhere else. Go to your exchange account, find the "Deposit" or "Receive" section for that coin, and copy the exact address. Paste it into Trust Wallet.
Trust Wallet will show you a network fee (sometimes called a "gas fee"). This is a cost paid to the blockchain network, not to Trust Wallet or the exchange. The fee varies depending on how busy the network is. You can usually see the estimated fee before you confirm. Once you send, the transaction is final—you cannot cancel it.
The crypto will arrive at the exchange in minutes to an hour, depending on the blockchain. Bitcoin and Ethereum are usually faster than smaller coins. You will see it in your exchange account's deposit history before it is fully confirmed.
Step 3: Sell the crypto on the exchange
Once the crypto arrives and is confirmed, go to the "Trade" or "Sell" section of your exchange account. Select the coin you just deposited, choose how much you want to sell (you can sell all of it or part of it), and select your currency (USD, EUR, GBP, etc.). The exchange will show you the current price and the amount of regular currency you will receive.
Review the fee. Most exchanges charge between 0.5% and 2% per trade, though some offer lower rates if you have a larger account or pay a monthly subscription. Once you confirm, the sale happens when ready and the cash appears in your exchange account balance.
Step 4: Withdraw to your bank account
Go to the "Withdraw" section of your exchange account and select your bank account from the list you added earlier. Enter the amount you want to withdraw. The exchange will show you any fees—usually $0 to $10 depending on the exchange and your location. Confirm the withdrawal.
The money will leave your exchange account when ready, but it will not appear in your bank account right away. Bank transfers take two to five business days. Weekends and holidays do not count as business days. Some banks are slower than others; a few take up to seven days.
You will receive a confirmation email from the exchange with a transaction ID. Keep this in case there is a problem. If the money does not arrive after five business days, contact the exchange's support team with the transaction ID.
Fees and costs you will encounter
You will pay at least two fees: the network fee when you send crypto from Trust Wallet to the exchange, and the trading fee when you sell. You may also pay a withdrawal fee from the exchange to your bank, though many exchanges waive this for standard bank transfers.
Network fees vary wildly depending on the blockchain and how busy it is. Bitcoin and Ethereum fees can range from $5 to $50 or more during peak times. Smaller coins or less-used blockchains may be cheaper. You cannot avoid this fee—it goes to the network, not the exchange.
Trading fees are usually 0.5% to 2% of the amount you sell. A $1,000 sale with a 1% fee costs you $10. Some exchanges offer discounts if you hold their own token or pay a monthly fee.
Your bank may also charge a fee to receive a wire transfer from abroad, though most US and European banks do not charge for incoming transfers. Check with your bank if you are unsure.
What to do if something goes wrong
If crypto leaves Trust Wallet but does not arrive at the exchange, check the transaction ID in Trust Wallet and search for it on the blockchain explorer for that coin (Etherscan for Ethereum, Blockchain.com for Bitcoin, etc.). The explorer will show you whether the transaction succeeded. If it did, the exchange has the crypto and you should contact their support team. If it failed, the crypto will return to your Trust Wallet in a few hours.
If money leaves the exchange but does not arrive at your bank after five business days, contact the exchange first with your withdrawal transaction ID. They can confirm whether the transfer was sent. If it was sent, contact your bank with the wire details and ask them to trace it. Banks can usually locate a transfer within a few days.
If you sent crypto to the wrong address, it is almost certainly gone. Blockchain transactions cannot be reversed. Do not send money to an address you are not certain about.
Tax and record-keeping
Selling cryptocurrency is a taxable event in most countries. You owe tax on the profit (or loss) between what you paid for the crypto and what you sold it for. Keep records of the date you bought it, the date you sold it, the amount, and the price in your local currency at the time of sale.
Your exchange will send you a tax report at the end of the year (in the US, this is usually a form like 1099-MISC or similar, depending on your exchange). Use this report when you file taxes. If you sold at a loss, keep those records too—losses can offset other gains.
Different countries tax crypto differently. Some tax it as income, some as capital gains, some do not tax it at all. Check your country's tax authority website or speak to a tax professional if you are unsure.
Frequently Asked Questions
Can I withdraw directly from Trust Wallet to my bank account without using an exchange?
No. Trust Wallet only holds cryptocurrency. Banks do not accept cryptocurrency directly. You must sell it on an exchange first, then withdraw the cash. There is no way around this step.
How long does the whole process take?
From the moment you start to the moment money hits your bank account: usually three to five business days. Crypto transfer to the exchange takes minutes to an hour. Selling takes seconds. The bank transfer takes two to five business days. If you have not verified your exchange account yet, add a few hours to a day for that step.
What if my bank rejects the transfer from the exchange?
This is rare but can happen if your bank flags the transfer as unusual. Contact your bank and let them know you are expecting a wire from a cryptocurrency exchange. They may ask you to confirm it. Once you do, they will usually accept it. If they refuse, ask them why and whether you can use a different payment method, such as ACH transfer instead of wire.
Do I have to sell all my crypto at once?
No. You can sell part of it and leave the rest in Trust Wallet. You can also withdraw part of the cash and leave the rest on the exchange. Each sale and withdrawal is a separate transaction, so you can spread them out over time if you want.
What happens if the exchange goes out of business?
If the exchange fails while your money is there, you may lose it. This is why you should not leave large amounts on an exchange for long periods. Sell, withdraw to your bank, and keep your crypto in Trust Wallet if you are not actively trading. Larger exchanges like Coinbase and Kraken are insured for certain amounts, but smaller exchanges may not be.