ChocolatePie
Junior Member
- Jul 8, 2024
- 129
- 135
If I have all my crypto into TrustWallet, how can I withdraw it to my bank account without transfering it to Binance or another CEX ?
How to convert crypto into FIAT without using a CEX ?
- Thread starter ChocolatePie
- Start date
- Jun 16, 2022
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How much is the amount?
ChocolatePie
Junior Member
- Jul 8, 2024
- 129
- 135
Crytononame
Senior Member
- Oct 24, 2024
- 804
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If you want to avoid CEXs, P2P is your best bet. You basically trade directly with another person. You send them crypto from your TrustWallet, and they send you fiat to your bank account. The advantage is that your crypto never touches a centralized exchange, so it's much harder to trace back to you. It looks like a simple bank transfer on the surface.
BasicPitch
Regular Member
- Feb 6, 2017
- 232
- 66
Or make somebody to trade it and then recieve Fiat
ChocolatePie
Junior Member
- Jul 8, 2024
- 129
- 135
really? does not seems much reliable
ChocolatePie
Junior Member
- Jul 8, 2024
- 129
- 135
I've already mentioned, there is no BTC ATM In my country and I guess it would be very inconvenient to bring a bag to withdraw money in an ATM
p2p is the only way? people always says to keep your money in hot or cold wallets for that? in the end you'd need to trust a random guy to access your money or transfer it to a CEX, it seems it does not make sense to have money in a cold wallet if the only way to take your money is like that, visiting ATMs several days with a bag of money or trusting someone who you don't even know
p2p is the only way? people always says to keep your money in hot or cold wallets for that? in the end you'd need to trust a random guy to access your money or transfer it to a CEX, it seems it does not make sense to have money in a cold wallet if the only way to take your money is like that, visiting ATMs several days with a bag of money or trusting someone who you don't even know
GhostVision
Elite Member
- Aug 3, 2010
- 2,649
- 1,387
Get a RedotPay card and withdraw money one step at a time from ATMs.
ChocolatePie
Junior Member
- Jul 8, 2024
- 129
- 135
your answer is slightly more useful than others, I've already mentioned twice that I don't have ATMs to withdraw BTC here
but maybe this card can be useful...do you have one like that? how do you transfer money to it? it acts like a bank?
GhostVision
Elite Member
- Aug 3, 2010
- 2,649
- 1,387
Yes, I’ve been using it for a while, but I only have their virtual card. I transfer USDT to it and use it for online shopping... but they do have the option for a physical card as well.
ChocolatePie
Junior Member
- Jul 8, 2024
- 129
- 135
Seems a good solution, I will investigate about it to see if it's safe to send most of my whole money and savings to it
thanks
- Jun 28, 2024
- 386
- 90
Hey!
Use a Peer-to-Peer (P2P) Exchange:
Platforms like LocalBitcoins, Paxful, or Bisq allow you to sell your crypto directly to buyers who can then transfer funds to your bank account.
You'll need to move your crypto from TrustWallet to the wallet on the P2P platform, thus bypassing traditional centralized exchanges.
Crypto Debit Cards:
Services such as Crypto.com, BitPay, or Wirex offer debit cards linked to your crypto balance.
Transfer your crypto from TrustWallet to these services to fund your card, which you can then use to withdraw cash or make purchases.
Decentralized Finance (DeFi) Solutions:
Some DeFi platforms provide services to convert crypto to fiat. Check out trusted providers like Ramp Network or MoonPay if they're available in your area.
Connect your TrustWallet to these services to facilitate the transaction.
Always verify the fees, exchange rates, and credibility of any service or platform to ensure you're secure and get the best deal possible.
As someone mentioned before, Redot is a way too, you can do buy an account not in your name for around 50 bucks, however please note, that if you withdraw in USD the fee will be like 3.2%, with other currencies it is 4.2% + atm fee (2-5$ per transaction). + 100$ (at good times maybe 80$) for a physical card as you can't withdraw money in ATMs using Virtual card (even contactless).
P2P via Bisq, is secure as your money is stored in an multisig wallet and your anonymity is protected via Onion network.
- May 14, 2023
- 3,925
- 3,935
In your situation, it seems Redot or a similar crypto-friendly card is your best bed
zokumi
Newbie
- Aug 19, 2023
- 15
- 11
There’s a few P2P options you can try, Paxful & LocalCoinSwap both have a lot of traders to on/off-ramp crypto to fiat and vice versa.
- Nov 15, 2022
- 4,361
- 4,016
Order a USDT card for short term. For long term you can take a look at some neobanks and fintechs that have crypto solutions integrated to them
- Jun 16, 2022
- 2,841
- 852
If you are ok in losing few hundred as commission, you can some cash deal with someone in locality.
