If you are new to Trust Wallet, you might be having many questions in your mind. Ever wondered how to sell crypto on Trust Wallet? Well, there isn’t any direct way to sell your crypto on the Trust Wallet. But you don’t need to worry. We have a solution for you! Here is a post to help in learning how to sell crypto on Trust Wallet.
Trust Wallet is a famous wallet built for users’ convenience. It supports more than 1 million cryptocurrencies. One can easily buy and stake crypto directly in the Wallet. It is a diverse non-custodial crypto wallet. Users can also buy and sell NFTs using this wallet. But what about selling cryptocurrency? Well, there isn’t any direct solution for that. However, we have two easy ways to learn how to sell crypto on Trust Wallet.
Confused about how to sell crypto on Trust Wallet? You can try sending your cryptocurrency to a centralized exchange that allows users to sell their crypto. Otherwise, you can go for the decentralized PancakeSwap exchange option to find any other user to sell your crypto to. Since there isn’t any direct way of selling your crypto, you need to choose any of these options.
This post will help you in finding out how to sell crypto on Trust Wallet. You will not be able to sell your crypto directly through Trust Wallet. You need to try two different ways for doing so. We will help you know these ways for learning how to sell crypto on Trust Wallet. So, let us begin the post and find out the ways through which you can sell your cryptocurrency on the Trust Wallet.
How To Sell Crypto On Trust Wallet Using A Decentralized Exchange?
Want to know how to sell crypto on Trust Wallet using PankcakeSwap? You need to go to Trust wallet > 12-digit recovery phrase > Dapp section > Select PancakeSwap > Connect wallet > Trust Wallet app > Connect DApp > Select crypto > Amount > Swap > Confirm Swap > Approve.
These were the short steps. Let us now have a detailed look at these steps.
Step 1: Navigate to the Trust Wallet and type the 12-Digit Recovery Phrase. You will see four menus on the bottom of the screen. Tap on the Dapp Section and move to the next step.
Step 2: Select the PancakeSwap from the exchanges section. Press the Connect wallet button. Choose the Trust Wallet application option. Once all this is completed, head toward the next step.
Step 3: Press the Token/ Coin section from the top and choose the crypto of your choice. After that, enter the amount you want to sell or you can select max for selling all your crypto.
Step 4: Keep the version to V2 and press the Swap button. Check the details and tap on the Confirm Swap button. Move to the final step for selling your cryptocurrency.
Step 5: Now, you can check the network fee and other details. If everything seems correct, you can press the Approve button to confirm the transaction.
That is it! This is how to sell crypto on Trust Wallet. Your transaction will be completed in a few minutes. You can also try selling your crypto by following these above-mentioned steps. Let us check out how to sell crypto on Trust Wallet using a centralized exchange.
Related: How To Sell Crypto On Robinhood | 3 Different Ways To Try!
How To Sell Crypto On Trust Wallet Using A Centralized Exchange?
As we have already mentioned how to sell crypto on Trust Wallet using a decentralized exchange, here’s how to sell crypto on Trust Wallet using a decentralized exchange. Send your crypto to an exchange and sell it there. Let’s see how to send it to an exchange.
Step 1: Launch the exchange where you want to sell your crypto. You can choose any exchange like Coinbase, KuCoin, Crypto.com, etc. After that, copy the address of that exchange.
Step 2: Open your Trust Wallet Application and click on the Send button. Select the crypto you want to sell and paste the address of the exchange that you copied in the first step. Head toward the next step once you paste the address.
Step 3: Enter the amount you want to send to a centralized exchange for selling. Press the continue button and then review the information. Press the Confirm button. Here ends the final step for sending your crypto to an exchange.
You have successfully sent the crypto from your Trust Wallet to an exchange. Now, you can sell it on that exchange by tapping the sell button and choosing your preferred crypto. Enter the amount and follow other instructions.
This is the entire process for selling your crypto on Trust Wallet. You can choose either a centralized or a decentralized exchange for selling your crypto on Trust Wallet. There are various platforms like Coinbase, Kraken, KuCoin, Huobi, Crypto.com, and so on that allow you to sell your cryptocurrency on their platform.
Related: How To Sell Crypto On Kraken In 4 Easy Steps?
This post discussed how to sell crypto on Trust Wallet. You cannot directly sell your cryptocurrency on Trust Wallet. However, you can try using centralized or decentralized crypto exchanges for selling it. We have mentioned all the necessary information that you need to know for learning how to sell crypto on Trust Wallet. In case, you have any questions, drop them in the comment box below. Don’t forget to share this post and let others know how to sell crypto on Trust Wallet. Keep visiting our website for more related posts!
Related: How To Sell Crypto On KuCoin | Guide With 5 Steps To Follow!
Frequently Asked Questions
Q1. Can You Sell Crypto On Trust Wallet?
A. Yes, it is possible to sell your crypto on Trust Wallet. Though there is no direct way to do so, you can try using a centralized exchange or a decentralized one for selling your crypto on Trust Wallet.
Q2. What Is The Fee Charged For Selling Cryptocurrency?
A. It depends on the platform you are using for selling your cryptocurrency. Some exchanges may charge no fees or a low fee while others may charge a higher fee.
Q3. Are There Any Taxes Involved For Selling Crypto?
A. Taxation involved in crypto is different for different countries. Mostly, you need to pay Capital Gains taxes. The taxation system is somewhat similar to selling stocks. However, it is recommended to do some study before making any investments.
Q4. What Are The Ways To Sell Crypto On Trust Wallet?
A. If you are looking to sell your cryptocurrency on Trust Wallet, you can try out two ways. The first way is to use a decentralized exchange platform such as Coinbase, Kraken, Huobi, etc. for selling your cryptocurrency on Trust Wallet. Otherwise, you can try using centralized platforms like PancakeSwap for selling your cryptocurrencies.