The basic path: Trust Wallet to exchange to bank account
To move money from Trust Wallet to your bank account, you sell your cryptocurrency on an exchange that connects to your bank, then withdraw the cash. Trust Wallet itself does not connect directly to banks — it is a wallet that holds cryptocurrency, not a bank account. You need a middle step: an exchange platform that both accepts cryptocurrency from Trust Wallet and can send money to your bank account.
The most common route is to send your cryptocurrency from Trust Wallet to an exchange like Coinbase, Kraken, or Gemini, sell it there for US dollars (or your local currency), then withdraw that cash to your linked bank account. Each step takes time, and each platform has its own fees and verification requirements.
The entire process typically takes three to five business days from the moment you initiate the bank withdrawal, though the cryptocurrency transfer itself is usually faster. The slowest part is almost always your bank processing the incoming wire or ACH transfer.
Key Takeaways
- Trust Wallet holds cryptocurrency but does not connect directly to banks — you must send your coins to an exchange first, then withdraw cash from there.
- Popular exchanges that accept Trust Wallet transfers and connect to US banks include Coinbase, Kraken, Gemini, and Kraken, each with different fee structures and verification steps.
- You will need to verify your identity on the exchange before you can withdraw money to your bank account, which usually takes a few hours to a day.
- The total time from selling cryptocurrency to seeing money in your bank account is typically three to five business days, depending on your bank's processing speed.
- Fees apply at multiple stages: the exchange charges a trading fee to sell your cryptocurrency, and may charge a withdrawal fee to send money to your bank.
Step-by-step: sending cryptocurrency from Trust Wallet to an exchange
Open Trust Wallet and find the cryptocurrency you want to sell. Tap the send button (usually an arrow pointing up or out). You will need the deposit address from your exchange account — this is a long string of characters unique to your account on that exchange. Copy the address from the exchange, paste it into Trust Wallet, and specify how much cryptocurrency you want to send.
Trust Wallet will show you a network fee (also called a gas fee) before you confirm. This fee goes to the blockchain network, not to Trust Wallet or the exchange. The fee varies depending on how busy the network is at that moment. Once you confirm, the transfer is on its way — it usually arrives at the exchange within minutes to an hour, though it can take longer during network congestion.
Do not send to the wrong address. Cryptocurrency transfers cannot be reversed. If you send to an address that does not belong to your exchange account, the money is gone. Always copy and paste the address rather than typing it by hand, and send a small test amount first if you are unsure.
Verifying your identity on the exchange before you withdraw
Before you can withdraw money to your bank account, the exchange will require you to verify your identity. This is a legal requirement under anti-money-laundering rules. You will need to provide your full name, date of birth, address, and a photo ID — usually a driver's license or passport. Some exchanges also ask for a photo of you holding your ID.
Verification usually takes a few hours to a day, though it can take longer if the exchange's system flags your account for additional review. You can proceed with selling your cryptocurrency while verification is pending, but you cannot withdraw the cash until verification is complete.
Once verified, you can link your bank account to the exchange. The exchange will ask for your bank's routing number and your account number. Some exchanges verify the link by sending two small deposits to your bank account (usually under a dollar each) — you then confirm the amounts to prove you control the account. This verification step can take a few business days.
Selling your cryptocurrency and handling exchange fees
Once your cryptocurrency has arrived at the exchange and your account is verified, you can sell it. Navigate to the trading section and select the cryptocurrency you want to sell. Choose a market order (sell immediately at the current price) or a limit order (sell only if the price reaches a specific level). Market orders execute instantly; limit orders may take hours or days to fill, or may not fill at all if the price never reaches your target.
The exchange charges a trading fee, typically between 0.1% and 0.5% of the sale amount, depending on the platform and your account tier. Some exchanges charge lower fees if you hold their native token or if you trade frequently. After the sale, the cash sits in your exchange account as US dollars (or your local currency).
Before you withdraw, check the exchange's withdrawal fee. This is separate from the trading fee. Withdrawal fees range from zero to $25 or more, depending on the exchange and the withdrawal method. Some exchanges charge a flat fee; others charge a percentage of the amount you are withdrawing. Compare the fee to the amount you are moving — if you are withdrawing $50 and the fee is $10, that is a significant cost.
Withdrawing cash to your bank account
In your exchange account, find the withdrawal or cash-out section. Select your linked bank account as the destination. Enter the amount you want to withdraw. The exchange will show you the fee and the amount that will arrive in your bank account. Confirm the withdrawal.
The exchange sends the money to your bank via ACH transfer (the standard electronic transfer method in the US) or wire transfer, depending on what the exchange offers. ACH transfers are cheaper but slower — they typically take three to five business days. Wire transfers are faster (usually one to two business days) but cost more, sometimes $15 to $25 per transfer.
Once the exchange initiates the withdrawal, you cannot cancel it. The money is on its way to your bank. If you entered the wrong bank account number, the transfer may bounce back to the exchange, which can take several days. Always double-check your bank account number and routing number before confirming.
What to do if the transfer is delayed or does not arrive
If your bank account does not show the money within the timeframe the exchange promised, first check your bank's transaction history. Sometimes the money arrives but is labeled in a way that makes it hard to spot — look for transactions from the exchange name or a payment processor name.
If the money is not there, contact your bank's customer service and provide the date you initiated the withdrawal and the amount. Your bank can trace the transfer using the ACH reference number or wire transfer number, which the exchange should have provided to you. The bank can tell you whether the transfer is still in process or whether it was rejected.
If the transfer was rejected, it usually bounces back to the exchange within a few business days. Check your exchange account to see if the money has been returned. If it has, you can try withdrawing again, or contact the exchange's support team to ask why the transfer failed.
If you initiated a wire transfer and the money has not arrived after two business days, contact the exchange immediately. Wire transfers are harder to trace and recover than ACH transfers, and delays can indicate a problem with the bank account information you provided.
Comparing exchanges and their withdrawal options
| Exchange | Trading Fee | Withdrawal Method | Withdrawal Fee | Typical Withdrawal Time |
|---|---|---|---|---|
| Coinbase | 0.5% to 0.6% | ACH or wire | $0 to $10 | 3–5 business days (ACH) |
| Kraken | 0.16% to 0.26% | ACH or wire | $0 to $5 | 3–5 business days (ACH) |
| Gemini | 0.5% to 1% | ACH or wire | $0 to $15 | 3–5 business days (ACH) |
| Kraken | 0.16% to 0.26% | ACH or wire | $0 to $5 | 3–5 business days (ACH) |
Fees vary significantly between exchanges. If you are moving a large amount, the difference in trading fees and withdrawal fees can add up. Kraken and Gemini often have lower trading fees than Coinbase, but Coinbase has the largest user base and the most straightforward interface for beginners. Kraken offers some of the lowest fees overall but requires more steps to set up.
All three exchanges support ACH transfers to US bank accounts. None of them charge a fee for ACH withdrawals under most circumstances, though Coinbase may charge a small fee in some cases. Wire transfers are available on all three but cost more and should only be used if you need the money urgently.
Frequently Asked Questions
Can I withdraw directly from Trust Wallet to my bank account without using an exchange?
No. Trust Wallet is a cryptocurrency wallet, not a bank account. It does not connect to the banking system. You must send your cryptocurrency to an exchange, sell it there, and then withdraw the cash to your bank. There is no shortcut that skips the exchange step.
What happens if I send cryptocurrency to the wrong exchange address?
The money is lost. Cryptocurrency transfers cannot be reversed. If you send to an address that does not belong to your account, you have no way to recover it. Always copy and paste the address from the exchange, and send a small test amount first if you are unsure.
How much does it cost to move money from Trust Wallet to my bank account?
You pay three separate fees: a network fee to send cryptocurrency from Trust Wallet to the exchange (usually $1 to $20, depending on network congestion), a trading fee to sell the cryptocurrency on the exchange (typically 0.1% to 0.6% of the sale amount), and a withdrawal fee to send cash to your bank (usually $0 to $15). The total cost depends on the amount you are moving and which exchange you use.
Why is my withdrawal taking longer than the exchange said it would?
ACH transfers typically take three to five business days, but your bank may process them more slowly. Weekends and holidays do not count as business days. If your bank received the transfer but has not posted it to your account, contact your bank's customer service. If the exchange has not sent the transfer yet, contact the exchange.
Do I have to pay taxes on the money I withdraw from Trust Wallet?
Yes. When you sell cryptocurrency, you owe capital gains tax on the profit (the difference between what you paid for the cryptocurrency and what you sold it for). This is true even if you are moving the money to your bank account. You should keep records of when you bought the cryptocurrency, when you sold it, and how much you sold it for. Consult a tax professional about your specific situation.