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how to withdraw bnb from trust wallet to bank account
To withdraw BNB from Trust Wallet to a bank account, convert it to a stablecoin like BUSD, withdraw it to an exchange, add bank account details, initiate withdrawal, undergo verification, and receive funds within 1-3 business days.
Nov 02, 2024 at 04:33 pm
How to Withdraw BNB from Trust Wallet to Bank Account
Trust Wallet is a popular crypto wallet that allows users to store, send, and receive various cryptocurrencies, including Binance Coin (BNB). If you need to withdraw your BNB to a bank account, follow these steps:
1. Convert BNB to a Stablecoin
- Trust Wallet does not directly support withdrawals to bank accounts. You first need to convert your BNB to a stablecoin like Binance USD (BUSD).
- Tap on the "Exchange" tab within the Trust Wallet app.
- Select BNB from the "From" field and BUSD from the "To" field.
- Enter the amount of BNB you want to convert and tap on "Swap".
2. Withdraw BUSD to an Exchange
- Once the BNB has been converted to BUSD, you need to withdraw it to a cryptocurrency exchange that supports bank withdrawals.
- Some popular exchanges that support BUSD withdrawals are Binance, Coinbase, and Kraken.
- Open an account on the exchange of your choice and complete the verification process.
3. Add Bank Account Details
- Once you have registered on the exchange, navigate to the "Withdraw" section.
- Select BUSD as the currency you want to withdraw.
- Choose "Bank Account" as the withdrawal method.
- Enter your bank account details, including the bank name, account number, and SWIFT/BIC code.
4. Initiate Withdrawal
- Enter the amount of BUSD you want to withdraw.
- Review your withdrawal details and make sure everything is correct.
- Click on "Confirm" or "Withdraw" to initiate the transaction.
5. Verification and Processing
- The exchange may require you to verify your identity before processing the withdrawal.
- Once verified, the withdrawal will typically be processed within 1-3 business days.
6. Receive Funds in Bank Account
- Once the withdrawal has been processed, the funds should appear in your bank account within the specified time frame.
Note:
- There may be fees associated with converting BNB to BUSD and withdrawing BUSD to a bank account. Check with the respective exchange for more information.
- Withdrawal times may vary depending on the exchange and your bank's processing time.
- Ensure that you provide accurate bank account details to avoid any delays or issues with the withdrawal process.
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