Step-by-Step Guide to Withdrawing Money from Trust Wallet

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With the rise of meme coins and decentralized finance (DeFi), more users are holding digital assets in wallets like Trust Wallet. But knowing how to securely withdraw funds—especially converting tokens into fiat and transferring them to a bank account—can be confusing for beginners. This comprehensive guide walks you through every step of withdrawing money from Trust Wallet, whether you're dealing with ERC20 tokens, BEP20 tokens, or major cryptocurrencies like ETH and BNB.

By the end of this article, you’ll understand how to convert your holdings, use decentralized exchanges like Uniswap and PancakeSwap, transfer to centralized platforms such as Coinbase or Binance, and finally withdraw to your bank account—all while avoiding common pitfalls.

Understanding Your Token Type: ERC20 vs BEP20 vs Major Coins

Before you can withdraw money from Trust Wallet, it’s essential to identify the network type of your cryptocurrency. This determines how you’ll convert and transfer it.

Major Coins

These include BTC, ETH, BNB, XRP, and others that operate on their native blockchain. They are straightforward to transfer but should not be confused with "wrapped" versions (e.g., wETH, wBTC), which are tokenized representations on other chains.

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ERC20 / ERC2 Tokens

Built on the Ethereum network, these include popular meme coins like:

To check if your coin is ERC20:
Open Trust Wallet → Tap the token → Look at the top-left corner. If it says “ERC20 Token Coin,” you’re on the Ethereum network.

BEP20 Tokens

These run on the Binance Smart Chain (BSC) and include:

Same process applies: Tap the token in Trust Wallet to verify it’s a BEP20 token.

Important: Centralized exchanges like Coinbase may not support all BEP20 or ERC20 tokens directly. You often need to convert them first to widely accepted coins like ETH, BNB, USDT, or BUSD.

How to Sell ERC20 Tokens in Trust Wallet Using Uniswap

If your asset is an ERC20 token, you’ll use Uniswap—a decentralized exchange—to swap it for ETH or a stablecoin like USDC, DAI, or USDT.

Step-by-Step Process:

  1. Open the DApps browser in Trust Wallet.
  2. Visit Uniswap via the in-app browser.
  3. Connect your wallet when prompted.
  4. In the “From” field, select your ERC20 token (e.g., SHIB).
  5. In the “To” field, choose ETH (for flexibility) or a fiat-pegged stablecoin like USDC if you plan to cash out soon.
  6. Approve the transaction (you’ll pay a small gas fee in ETH).
  7. Confirm the swap.

Once completed, you’ll have ETH or stablecoins in your Trust Wallet—ready for transfer.

Transferring Funds from Trust Wallet to Coinbase

Now that you have ETH or a supported stablecoin, send it to Coinbase for easy conversion to fiat.

Steps:

  1. Log in to your Coinbase account.
  2. Go to Assets → ETH (or USDC/USDT) → Click “Receive.”

  3. Copy your Ethereum address (starts with 0x).

    • ⚠️ Double-check: Sending to the wrong network (e.g., BTC address instead of ETH) results in permanent loss.
  4. Open Trust Wallet → Tap the coin → Select “Send.”
  5. Paste the copied address.
  6. Send a small test amount first (e.g., $5 worth).
  7. Wait 2–10 minutes for confirmation.
  8. After confirming receipt, send the remaining balance.

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Withdrawing from Coinbase to Your Bank Account

Once your funds are in Coinbase, converting to fiat and withdrawing is simple.

Steps:

  1. Navigate to Portfolio.
  2. Select the coin you want to sell (e.g., ETH or USDC).
  3. Click Sell, choose your local currency (USD, EUR, etc.), and confirm.
  4. Go back to Portfolio → View fiat balance.
  5. Click Withdraw → Enter amount.

  6. Choose withdrawal method:

    • Bank Transfer: 1–3 business days
    • Debit Card: 1–2 days
    • PayPal: Instant (available in select regions)

Your money will arrive shortly—fully compliant and traceable.

How to Sell BEP20 Tokens Like Safemoon Using PancakeSwap

For BEP20 tokens such as Safemoon or Baby Doge, use PancakeSwap, Binance Smart Chain’s leading DEX.

Step-by-Step:

  1. Open Trust Wallet’s DApp browser.
  2. Go to PancakeSwap.finance.
  3. Connect wallet.
  4. Click “Trade” → “Swap.”
  5. Search for your token (e.g., Safemoon) by name or paste its contract address from CoinMarketCap.
  6. Set “To” field to BUSD (best for cashing out) or BNB.
  7. Approve the token (small BNB fee required).
  8. Confirm swap.

You now hold BUSD or BNB on BSC—ready for transfer.

Withdrawing BEP20 Funds Without Binance: The MetaMask Bridge Method

What if you can’t use Binance? Here’s how to get BEP20 funds into Coinbase using a bridge method.

Why Not Direct?

Coinbase doesn’t accept BEP20 tokens directly. Converting BNB to wETH via PancakeSwap won’t work—Coinbase requires native ETH deposits.

Solution: Use MetaMask + Binance Bridge

  1. Install MetaMask (browser extension or mobile app).
  2. Set network to Binance Smart Chain.
  3. Send your BUSD or BNB from Trust Wallet to your MetaMask wallet address on BSC.
  4. Visit Binance Bridge → Connect MetaMask.
  5. Bridge your BUSD from BSC to native Ethereum network.
  6. Once bridged, send the ETH-version of BUSD to your Coinbase Ethereum address.
  7. Sell and withdraw as usual.

This method ensures compatibility with Coinbase while maintaining control over your assets.

Frequently Asked Questions (FAQ)

Can I withdraw any meme coin directly from Trust Wallet to my bank?

No. Meme coins like Shiba Inu or Safemoon aren’t supported by banks or most exchanges directly. You must first convert them into major coins like ETH, BNB, or stablecoins before withdrawal.

Is it safe to send crypto from Trust Wallet to Coinbase?

Yes—if done correctly. Always verify the receiving address and network type. Sending via test transaction first is a best practice.

Why can’t I deposit BEP20 tokens into Coinbase?

Coinbase only accepts deposits on specific networks, primarily Ethereum for ERC20s and its own chain for some assets. BEP20 tokens require conversion or bridging.

How long does it take to withdraw from Coinbase to my bank?

Bank transfers typically take 1–3 business days. PayPal withdrawals are instant where available.

Do I need Binance to withdraw BEP20 tokens?

Not necessarily. While Binance supports BEP20 natively, alternatives exist using bridges and MetaMask to convert tokens for use on Ethereum-compatible platforms like Coinbase.

What are the fees involved?

Fees include:

Final Tips for Safe Withdrawals

👉 Maximize security and efficiency when managing your digital assets across platforms.

By following this guide, you can confidently navigate the process of converting and withdrawing any token held in Trust Wallet—from obscure meme coins to mainstream cryptos—into real-world currency deposited safely into your bank account.