By reading the article “How to Withdraw Money From Trust Wallet” published in Adaas Investment Magazine, you will get acquainted with how to withdraw your assets from your trust wallet application. This level of familiarity can be enough for you to invest in the cryptocurrency market.
Sometimes trust wallet users need to withdraw their cryptocurrencies from their wallets. The reason for this process could be a transfer to another wallet or a transfer to an exchange account to convert to Fiat currency.
To withdraw money from the Trust wallet, we first enter the application and select the token we want to withdraw.
On the page that opens, select the Send option from the blue buttons, and enter the destination wallet address in the first part (Recipient Address) on the token sending page. Please be very careful in entering the destination address, because if you enter the wrong address, the transaction is irreversible.
For example, if you received the USDT token under the Ethereum blockchain and mistakenly transferred it under the TRX blockchain, the token will not reach its destination and there is no way back for the transaction.
After confirming that the destination address is correct, enter the amount of cryptocurrency you want to send in the Amount field, and if you want to send the entire balance of that token, use the MAX option, and finally tap on the blue Next button at the bottom of the page.
On the Transfer page, you will see the transaction details and transaction costs, and if you are sure of the accuracy of the information entered, click on the Confirm button to register your transaction in the blockchain.
Finally, in the Transaction History section, you can see the status of your last transaction, which takes time to confirm and process in relation to the blockchain and token sent.
In order to convert your cryptocurrencies into the fiat currency of your country, you need to use exchanges. Different exchanges offer different conversion conditions and the choice of exchange is completely dependent on the laws of your country.
To do this, you must enter the destination wallet address, the wallet address that can be seen in the exchange account, so that the cryptocurrency can be transferred from Trust wallet to your exchange account, and finally, you can convert them into your country’s currency, and Get in your bank account.
Trust Wallet is one of the most popular software wallets among blockchain and cryptocurrencies users. This wallet has gained this popularity due to its simple user interface, high speed, and sufficient security.
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