Trust Wallet is one of the most popular decentralized cryptocurrency wallets available today. Owned by Binance, it allows users to store, manage, and swap over 160K+ assets including Bitcoin (BTC), Ethereum (ETH), and BNB all while keeping full control of their private keys.
However, one thing that often confuses users is how to withdraw money from Trust Wallet, especially to a bank account or e-wallet like GCash or PayPal. Since Trust Wallet doesn’t support fiat directly, you need to use third-party methods.
This complete guide will walk you through the best and safest ways to cash out from Trust Wallet, from using exchanges like Binance or Coinbase to leveraging P2P platforms and crypto debit cards.
Understanding How Trust Wallet Works
Before withdrawing, it’s important to understand how Trust Wallet operates:
Non-Custodial by Design
Trust Wallet is a non-custodial wallet, which means you own your private keys, not the company. This gives you full control but also means you’re responsible for the security of your funds.
Multi-Coin Support
You can store a wide variety of assets like:
- Bitcoin (BTC)
- Ethereum (ETH)
- Binance Coin (BNB)
- USDT, USDC
- Solana, MATIC, and more
No Built-In Fiat Withdrawal
You cannot convert crypto to fiat (PHP, USD, EUR) within Trust Wallet. That’s why you need to use an external service to complete the withdrawal.
Why This Matters: The method you choose can affect how much you receive due to fees, transfer time, and network congestion.
What You Need Before Withdrawing Money From Trust Wallet
To successfully cash out your funds, make sure you have:
A funded Trust Wallet (with any supported cryptocurrency)
An account on a centralized exchange like Binance, Coinbase, or Kraken
A linked bank account or e-wallet (GCash, PayPal, PayMaya, etc.)
(Optional) Verified KYC on the exchange for higher withdrawal limits
Method 1: Transfer to a Crypto Exchange
This is the most common and beginner-friendly method.
Steps:
- Open Trust Wallet
- Copy the crypto address of your target exchange (e.g., Binance).
- Select the Token
- In Trust Wallet, tap the crypto you want to send.
- Tap “Send”
- Paste the address and select the correct network.
- Confirm Transaction
- Complete the transfer and wait for confirmation (5–30 mins).
- Log In to the Exchange
- Sell the crypto for fiat (PHP, USD, etc.).
- Withdraw to Bank or E-Wallet
- Choose your withdrawal method and complete the transfer.
Pros:
- Secure and regulated
- Supports bank and e-wallet withdrawals
- Offers live customer support
Cons:
- May require ID verification (KYC)
- Withdrawal fees may vary by method
Method 2: Use Trust Wallet with P2P Platforms
Peer-to-peer platforms let you sell crypto directly to another person and get paid in fiat via your preferred method (e.g., GCash, bank, PayMaya).
Popular P2P Options:
- Binance P2P
- Paxful
- OKX P2P
- LocalBitcoins (phasing out in 2025)
Steps:
- Transfer crypto from Trust Wallet to the platform (e.g., Binance Funding Wallet).
- Go to the P2P section and create a sell order.
- Choose the payment method (GCash, bank transfer, etc.).
- Wait for buyer’s payment.
- Confirm payment and release crypto.
Always verify the buyer’s reputation before trading.
Pros:
- Fast withdrawals (usually within minutes)
- No bank involvement
- Works with GCash and PayMaya
Cons:
- Higher risk if not cautious
- Requires manual verification
Visual: Trust Wallet Withdrawal Methods Compared
| Method | Speed | Fees | Requires KYC? | Best For |
|---|---|---|---|---|
| Exchange Transfer | 30 mins–2 days | Low–Medium | Yes (usually) | Beginners and large amounts |
| P2P Trading | 5–60 minutes | Low–Zero | Optional | GCash users, fast cash outs |
| Crypto Debit Card | Instant usage | Medium | Yes | Regular spenders |
| Fiat Onramps (MoonPay) | 5–30 minutes | High | Yes | Emergency or small transfers |
Method 3: Use a Crypto Debit Card
Crypto debit cards like the Binance Card or Crypto.com Card allow you to spend crypto like cash at stores or withdraw from ATMs.
How It Works:
- Load crypto into your card account (via Trust Wallet).
- Convert to fiat automatically at point of sale.
- Use anywhere Visa or Mastercard is accepted.
Supported Regions:
- Most of Europe, parts of Asia, and the U.S.
- Not yet available in the Philippines
Pros:
- Use your crypto like cash
- No need to convert beforehand
- Great for daily purchases
Cons:
- Not available in all countries
- Requires ID verification
- Can incur conversion fees
Method 4: Convert to Stablecoins and Use Fiat Onramps
You can swap your tokens in Trust Wallet to stablecoins like USDT or USDC, then use third-party fiat onramps to cash out.
Popular Fiat Onramps:
- MoonPay
- Transak
- Ramp
Note:
These services usually charge higher fees and require KYC, but they’re useful in emergencies.
Tips to Minimize Withdrawal Fees
Use networks with lower gas fees like TRC20 or BEP20
Convert to liquid tokens like USDT or BNB before transferring
Compare rates on multiple platforms
Consolidate small transfers into one larger withdrawal
Common Mistakes to Avoid
Sending crypto using the wrong blockchain network
Pasting incorrect wallet addresses
Trusting unverified P2P traders
Not checking withdrawal limits and fees on the exchange
Conclusion
Withdrawing money from Trust Wallet is easy when you know your options. Whether you choose to cash out via exchanges, P2P, crypto cards, or fiat onramps, make sure your method aligns with your needs—whether it’s speed, cost-efficiency, or security.
Take your time, double-check every step, and always protect your assets by using trusted platforms.
FAQs About Withdrawing Money From Trust Wallet
Can I withdraw money directly from Trust Wallet to my bank?
No, Trust Wallet doesn’t support direct fiat withdrawals. You need to use a crypto exchange or P2P platform to convert crypto to cash.
Is it safe to use P2P for Trust Wallet withdrawals?
Yes, if you trade with verified users and follow platform guidelines. Always confirm payment before releasing crypto.
What’s the cheapest way to cash out from Trust Wallet?
Using TRC20 or BEP20 networks with P2P platforms usually results in the lowest fees.
Do I need KYC to withdraw crypto from Trust Wallet?
Trust Wallet itself doesn’t require KYC, but most exchanges and onramps will ask for verification before allowing fiat withdrawals.
Can I use GCash or PayPal to receive money from Trust Wallet?
Yes, but indirectly. You can sell crypto via P2P and receive PHP through GCash or PayPal from the buyer.
Disclaimer:
This article is for informational purposes only and does not provide financial, tax, or investment advice. Always do your own research and use trusted platforms when handling crypto assets.
