Selling crypto on trust wallet

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If you see a "memo" along with the deposit address, you will need that information when sending the token in Trust Wallet. Not all tokens have memosпїЅif there's nothing in this field, you can skip this. Tap Send in Trust Wallet. You'll see this at the top-left corner of the app. Select the token you want to send to the exchange. Make sure you're selecting the same token for which you've copied the deposit address.

This opens the Send screen for that token. Paste your copied wallet address and memo if applicable. You can paste the address by tapping Paste next to "Recipient Address" at the top. If there was a memo listed in the exchange, copy the memo from the exchange, then paste it into the "Memo" field in Trust Wallet. If no memo is required, leave the Memo field blank. Enter the amount you want to send. Type the amount of the selected token you would like to send to the exchange. Keep in mind that all transactions incur fees.

If the token you're sending requires a different token for fee payment for example, ERC20 tokens require ETH for gas fees , you'll need to have the fee-paying token in your wallet as well. For other tokens, such as ADA, the fees are paid from the token itselfпїЅTrust Wallet will deduct those fees from the amount you're sending. If you don't have enough to cover the fees, you'll see a message telling you how much you'll need. Once you buy that amount of the required token, you'll be able to make your transaction.

Tap Continue. This displays a confirmation message, which allows you to review the fees and double-check the destination address and memo, if applicable before sending. Tap Send to complete the transaction. Once you send the tokens to your wallet on the exchange, you'll just need to wait until all necessary confirmations are made on the blockchain for your tokens to arrive. Depending on your change, you may see a notification or an email message alerting you that your tokens were received.

It can take anywhere from a few minutes to a few hours for the tokens to arrive depending on the token you're sending and its associated network conditions. Sell the tokens for your local currency. The steps to sell your cryptocurrency vary by exchange, but you'll generally need to locate a "Trade" or "Sell" area, select your token, and then choose your currency.

Some exchanges, including Coinbase, have quick Swap options that instantly exchange tokens at the current market value. Others may require you to select a price at which to sell your tokens and wait for the sale to complete.

Additional fees may apply for swapping and exchanging tokens on your exchange. Withdraw your cash to your bank account. Once you have fiat such as USD or CAD in your wallet, you can withdraw it from your wallet on the exchange to the bank account you have on file.

You will see a Withdraw option or similar that allows you to select the amount of cash you want to withdraw and a linked bank account.

Some exchanges also allow you to withdraw to services like PayPal. If you want to convert your tokens into a more common type of token before selling on an exchange, use the decentralized exchange DEX in Trust Wallet. The DEX is an easy way to sell a token and get a different token in return. The DEX is handy when you have an obscure token and want to convert it to your local currency and withdraw it to your bank account. You can swap the obscure token for something your favorite exchange supports such as BNB, BTC, or ETH , send it to that exchange, and then sell it for your local currency.

Choose whether to swap or exchange your coins. You'll see two tabs at the top of the screen. These tabs offer you two ways to sell your tokens: Swap: This is the easier of the two swap methods, which lets you exchange one coin for another at the best market rate.

Exchange: If you want to specify a selling price rather than just swap at market rate, you can use this tab to exchange one crypto for another at your preferred rate.

Select the tokens you want to exchange. Whether using Swap or Exchange, you'll need to choose the token you want to swap, and the token you want in return. You'll see any applicable fees before you complete the transaction. If you're using Swap , select the token you want to sell from the first menu, and the one you want in return from the second.

Then, select the amount you want to swap. If you're using the Exchange , tap the Sell tab, choose the token you want to sell, and the token you want in return. Then, enter the desired amount and price. The exchange rate will appear below the selected tokens. If you don't see the token you want to sell, it's likely a more obscure token.

Complete your swap. Follow the on-screen instructions to exchange your tokens at the provided price. Keep in mind that all transactions, including sales, incur fees. If you're using Swap to swap a token that requires a different token for fee payment for example, swapping ERC20 tokens requires having some ETH , you'll need to have enough of that token to cover the swap fees. If you don't have enough to cover the fees, you can purchase the necessary tokens in Trust Wallet.

Once the swap is complete, the new tokens will appear in Trust Wallet. Send your tokens to a centralized exchange. Now that you have a more common coin, you can send it to an exchange like Binance or Coinbase, where you can easily convert it to your local currency and withdraw the funds to your bank account. Nearly all blockchains have fees for processing transactions. The fees you'll have to pay to send or exchange tokens vary by blockchain and may fluctuate due to network conditions and market factors.

Trust Wallet does not charge any fees of its ownпїЅfees you incur are all specific to the blockchain on which the token you're selling or sending resides. Fees are called "gas" on Ethereum. You can estimate fees before making a transaction. Include your email address to get a message when this question is answered. You Might Also Like. How to. Understanding NFTs: What they are, how to buy them, and more. About This Article.

Written by:. Co-authors: Updated: January 13, Categories: Cryptocurrencies. Thanks to all authors for creating a page that has been read 13, times. Click on the Dapps tabs on your Trust wallet android application, and it will display a list of your decentralized applications.

In this tutorial, we will use Pancakeswap as our decentralized application of choice, so if you have used it before, it will show under the History tab section. You can also find Pancakeswap under the popular tab, as most people often prefer it to swap their tokens.

Step 1. It is often advisable to swap meme tokens to BNB, especially if you intend to interact with Binance smart chain and centralized exchanges like Binance. Step 2. On the Pancake swap Dapp, select the coin that you want to swap, in your case, Safemoon, and enter the amount you want to swap.

Step 3. You will then select a currency you want to swap and set the slippage tolerance. Slippage is essentially a phenomenon where trades are executed either above or under the stated or quoted price and is often due to high market volatility. Step 4. Step 6.

The transaction will be completed, and your Safemoon will show in your account as BNB. Step 7. At this point, our Safemoon coins have been converted to BNB, and now you can transfer BNB Binance coin tokens to your Binance exchange address by keying in your Binance address in the Recipient address section to trade BNB with any stable coin you want.

Also, you can withdraw Binance coin for fiat depending on your region and the features that Binance allows within your region. Remember, there are transaction fees involved if you want to convert crypto. Selling crypto on Binance for money is simple, as it offers P2P options as well as withdrawal options directly to your bank account for cash. For instance, Trust Wallet and Binance provide options for 2-FA authentication, and QR code scans for users to authenticate the exchange of cryptocurrencies.

Also, to sell Safemoon for Binance coins, the user must repeatedly verify their identity to authenticate and initiate the swapping process. The platform allows users to use cash options to buy cryptocurrencies. There are safe and secure provisions to use your card to make these transactions. To sell Safemoon, for instance, you will need to swap them to other tokens to transfer them through the BSC to an exchange.

You will have to set the slippage пїЅ which defines the variation between the quotes cash price and the current price in the market due to market volatility. However, you can swap your tokens to any other supported cryptocurrency before transferring them to the exchange for cash withdrawals. It is impossible to sell coins directly on the platform without using decentralized applications.

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You will be redirected to their website in order to complete this process. Once purchase is confirmed, you will receive an email from the crypto provider. The crypto will be sent out as soon as possible. If there are any issues with your purchase, it is best to contact the crypto provider first. You can find more information here: List of Cryptocurrency Providers. Funding problem. How to buy cryto via Trust Wallet? Invite A Friend. What is Trust Wallet? Buying crypto from trust wallet via credit card in nigeria.

BNB network fee. Live customer service. How to buy crypto using Trust Wallet. Cannot do anything with my busd erc20 token without ETH for gas fee. If you know someone who is willing to make the exchange for you, then you can meet up face to face and make the trade. Luckily, there is also an online platform that you can use for this purpose. The platform is called, LocalBitcoins. People from different countries can exchange their local currency to Bitcoins and vice versa via LocalBitcoins.

According to their site, you can trade Bitcoins in 7, cities and countries. They allows users to post advertisements where they state exchange rate and payment methods for buying or selling Bitcoins.

A stablecoin can be pegged to a cryptocurrency, fiat money, or to exchange-traded commodities. You can just convert them later to cash via the above stated options. In order to convert to Stablecoins, you can utilize major exchanges that have them as trading pairs.

Keep them on the exchange for later or withdraw them to your own wallet. Not every cash out option is the same. It goes down to the matter of preference or what is locally available based on your geographic location. For some countries, you may have a multitude of options. However, this is not always true in some regions. Most importantly, be always wary of governing laws of your country and do not break them. There may be other exchanges that allows converting to fiat that is not covered here.

Eventually, more and more exchanges will have this option. And even some merchants are starting to accept cryptocurrencies as payments.

As always, do your due diligence and research first before you make a transfer or do a trade. It is your funds and it is your sole responsibility. Cashing out your Crypto How To's Other. How to cash out my crypto to a bank or Paypal account?

Crypto to fiat currency to send to your local bank. Newbie to crypto. Hello please i need help. What's the best way to pull money out of trust wallet? Withdrawal to bank accounts and network fees.

How to sell a crypto in TrustWallet.

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