💸Cash Out USDC From Trust Wallet to ByBit/Binance
Here are simple steps to cash out USDC from Trust Wallet to ByBit/Binance and your local bank account:
Transfer USDC from Trust Wallet to ByBit/Binance
Open Trust Wallet and ensure you have enough USDC to withdraw.
Get your USDC deposit address from ByBit/Binance (USDC deposit page).
In Trust Wallet, find your USDC balance and click "Send" or "Transfer."
Enter your ByBit/Binance USDC deposit address.
Confirm the amount and address, then complete the transfer.
Convert USDC to Your Local Fiat Currency on Binance
On Binance, go to the USDC trading pair related to your local fiat currency (e.g., USDC/USD).
Place a sell order for your desired USDC amount at the current market price.
Withdraw Funds to Your Local Bank Account
In Binance, go to the "Wallet" section.
Find your fiat currency balance (e.g., USD) and click "Withdraw."
Enter your bank account details correctly.
Input the amount you want to withdraw and confirm the withdrawal request.
Remember to check the fees on both Trust Wallet and Binance for each step of the process to avoid surprises. Fees may vary, so it's essential to stay informed about the latest fee structures.
| Platform | Transaction | Fee |
|---|---|---|
Trust Wallet | USDC to Binance | 0.1% of USDC transferred |
Binance | USDC to Fiat | 0.5% of USDC sold |
Binance | Bank Withdrawal | $1 for USD withdrawal |
Again, remember that the actual fees can be different, and it's crucial to verify the fees directly with the platforms before proceeding with any transactions. Always check for any additional fees that may apply.
Last updated