Do you want to withdraw your Bitcoin assets into cash and enjoy the profits of your Bitcoin investment? You can do it by using Binance, as this platform allows you to withdraw any crypto assets you own into any fiat currency you prefer. You can also send the money to your local bank account, since this platform is available for international users. This guide will give you some tips about converting Bitcoin to cash with Binance from your Trust Wallet.
The Reasons to Use Binance to Withdraw Your Bitcoin Assets
There are many crypto exchange services available for you to use today, and almost all of them will offer the withdrawal services for various crypto assets. What are the reasons for choosing the Binance platform for your Bitcoin withdrawal transaction? Here are the reasons to use Binance to withdraw your Bitcoin assets:
- Worldwide availability. Binance is available worldwide, so you can use this platform no matter where you live. You can also get the best security and privacy features for your Binance account, and the platform will check for your identity before allowing you to trade or withdraw your crypto assets with this platform.
- Quick withdrawal process. Withdrawing from Binance is something you can do with ease, and you will get your money in an instant after confirming your withdrawal transaction. It supports various crypto assets you can withdraw, so you don’t get stuck only with cryptocurrencies available in certain blockchain networks.
- Various withdrawal methods. You can also withdraw your Bitcoin assets with various withdrawal methods when you use Binance. This includes international bank transfers. So, no matter where you live, you can always withdraw your Bitcoin assets and get your money right into your local bank account.
- One of the most popular crypto exchange services you can trust. You can trust Binance because it’s one of the most popular services most crypto traders are using around the world. Binance has top-notch security and privacy features to ensure that your account is always secure and private at all times. It will also protect your crypto assets and funds from any potential cyberattacks and hacks that might happen to your account.
Transferring Your Bitcoin Assets from Trust Wallet to Binance
You will need to transfer your Bitcoin assets from your Trust Wallet account to Binance before you can withdraw your Bitcoin assets on the Binance platform. To transfer your Bitcoin assets from your Trust Wallet account to Binance, you will need to log into your Trust Wallet account first. Then, you also need to log into your Binance account. After logging into your Trust Wallet and Binance account, you can follow these steps:
- Copy the Binance receiving address. Go to your Binance account and click on the ‘Deposit’ option. Then, you can copy the Binance receiving address or scan the QR code of your Binance receiving address later.
- Choose ‘Send’ on your Trust Wallet account. Go to your Trust Wallet account and click on the ‘Send’ option on the main page of your Trust Wallet account.
- Choose Bitcoin as the asset you want to send. On the list of crypto assets, choose Bitcoin (BTC) as the crypto asset you want to send to Binance.
- Confirm the amount of Bitcoin you want to send. Put the amount of BTC you would like to send to Binance and be sure to double check the amount of BTC you want to transfer to your Binance account.
- Paste the Binance receiving address on the wallet destination. You can paste the Binance receiving address you got earlier onto the receiving wallet field in your Trust Wallet account, or you can scan the QR code of the Binance receiving address via your Trust Wallet app.
- Confirm your transfer. Next, you can confirm your transfer to start the transfer process. You should get your Bitcoin assets transferred to your Binance account in an instant.
Converting Your Bitcoin Assets into Cash on the Binance Platform
Now, you should be able to find your Bitcoin assets in your Binance account. It’s time for you to convert your Bitcoin assets into cash on the Binance platform. You just need to go to your account information, and then choose the ‘Withdraw (Fiat)’ option. Next, pick the ‘Bitcoin’ option as the currency you would like to withdraw, and the ‘USD’ option as the currency destination for your withdrawal.
Next, choose ‘Bank Transfer’ as the withdrawal method and enter the amount of Bitcoin you would like to transfer to your bank account. Then, you can enter your bank account information, which includes the SWIFT code of your bank, and then confirm the withdrawal transaction right away. You will see the fee information before you confirm the transaction, so be sure to check it out. Congratulations! Now, you have converted your Bitcoin assets into cash using the Binance platform.
The Best Time to Convert Your Bitcoin into Cash
Converting your Bitcoin assets into cash is something you can do in an instant, and it’s easy to do. What is the best time for you to convert your Bitcoin into cash? The ideal time for you to convert your Bitcoin assets into cash is when Bitcoin reaches its peak price. Bitcoin has the highest value in the cryptocurrency market right now, but its price is always unstable, making it more difficult to decide whether you should withdraw your Bitcoin assets or keep it for some time. Holding down on your Bitcoin assets will give you a nice potential profit when you think that the price of Bitcoin will go up in value in the next few months or years.
However, withdrawing some of your Bitcoin assets today might be a good thing to do when you feel worried about the current Bitcoin price movements. Bitcoin might crash from time to time, and the value of Bitcoin might go down because of various reasons. So, it’s a good idea to convert your Bitcoin assets as soon as possible before the price is going down further.
You have learned about how to convert Bitcoin to cash using the Binance platform. Binance is the platform you can use for cryptocurrency trading, and it supports various cryptocurrencies from various blockchain networks.
So, you can withdraw your Bitcoin assets with this platform without worrying about any potential issues that might happen during the transfer process. With Binance, you can withdraw your Bitcoin and other crypto assets to your bank account, no matter where you live. Good luck!