Trust wallet is the online crypto wallet you can use to store, receive and send digital currencies. And if you wonder how to sell BNB on a Trust wallet or whether this is even possible, you came to the right place. In this article, we will explain how to use your trust wallet to sell your digital coins for fiat currencies.
In order to sell BNB on a Trust wallet and to exchange them for fiat currency, you need to withdraw your coins on an exchange platform such as Binance. If you are living in the US or Canada, you can exchange BNB for BUSD with the DEX option in your wallet. Then you can swap BUSD for USD on Binance.
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At the moment, Trust wallets can not be linked to a bank account, and the only way to withdraw your funds is by using DEX. But there are other options you can explore to get money from your BNB that is on your trust wallet. Here is how you can sell your BNB on a Trust Wallet.
How to Sell BNB on Trust Wallet? There Are Several Ways to Explore
You can not sell or exchange BNB for fiat currency directly from the Trust Wallet, but you can either exchange it for some other cryptocurrency or withdraw the BNB directly to DEX decentralized exchange. Both ways are pretty similar, and the whole process doesn’t take long.
You Can Swap BNB for a Stable Coin
As I just mentioned, you can swap BNB for BUSD, a stable coin whose value is equal to USD dollars, directly in your Trust Wallet. Swapping BNB for BUSD is only available in the US or Canada, so if you are from Europe, your only option is to exchange BNB on the market for some fiat currency directly. You will have to have an open Binance account that is connected to your bank account. Here is a step by step on how to swap BNB for BUSD:
- Step 1 – Go to the “DEX” button on the bottom of your wallet,
- Step 2 – Click on the “SWAP” button,
- Step 3 – Select BUSD,
- Step 4 – Insert the amount of coins you wish to swap,
- Step 5 – Press swap and then click confirm.
Withrow BNB on Some Exchange
The other option is to send your BNB to some exchange such as Binance or Coinbase and make transactions there. This way, you will be able to sell BNB directly for a currency of your choice. Keep in mind that you will have to pay some transaction fees for this. Here is how to send BNB from Trust Wallet to some decentralized exchange:
| Step 1 | Go to the Wallet tab at the bottom of your app |
| Step 2 | Find the BNB currency and click send |
| Step 3 | Go to the exchange platform you are sending your BNB to |
| Step 4 | Find the address and copy that address |
| Step 5 | Find the recipient address option on your Trust Wallet and paste the address |
| Step 6 | Enter the amount you wish to send or click max for all BNB |
| Step 7 | Press Next and confirm the transaction |
How to Withdraw Money From Exchange?
As you can see with both options, you will have to use some decentralized exchange, and once you have to send or swap your BNB on that exchange, the next step is to exchange your BNB or BUSD for fiat currencies. Note the exchange needs to have a market with fiat currencies available. Also, if you are in US or Canada and you have already swapped BNB for BUSD, you will be able to directly Withrow BUSD to your bank account, and they will automatically convert to USD. But for the Europe users of Binance, the process is the following:
- Step 1 – Select the Markets button and click on it,
- Step 2 – Find the pairing for your token and fiat currency you wish to withdraw,
- Step 3 – Click on the trade button and choose the “to sell” option,
- Step 4 – Enter the amount you wish to swap and click sell,
- Step 5 – Go to the wallet option and click on FIAT and Spot option,
- Step 6 – Find the currency you would like to withdraw and click on Withdraw button,
- Step 7 – Select the withdrawal method and confirm the amount you want to place in your bank account, and you are done.
How Can You Buy BNB When Using a Trust Wallet?
As you can see, you can not sell BNB directly from your Trust Wallet, and the logical question now is, can you buy some using Trust Wallet. The answer is yes. You can buy BNB directly from your Trust Wallet – just go on the token option and click on the tab saying buy coins.
Find BNB, then click on and find BNB and enter the amount you wish to purchase. The next step is to enter the payment method. The wallet will ask for your credit card number, e-mail address, and other information. Once you enter all the information necessary, click on confirm, and your BNB tokens will appear in your wallet balance.
What Are the Best Wallets for BNB?
Aside from the Trust Wallet, where you can store your BNB, there are other options available. One of the best options is to use Binance Chain Wallet, a Binance exchange platform wallet. The second options are Metamask wallet and Exodus Wallet. For extra safety, you can always combine hardware and software wallets. From hardware wallets that support BNB, there are several options available, such as Ledger and SafePal.