We have already shared the steps of how to buy Shiba Inu on TrustWallet in another article. What about if you would like to sell SHIBA for real money? The selling process involves the main crypto swap process. In this scenario, we will use ETH to explain how to sell the Shiba coin via the TrustWallet app.
Can I sell Shiba on Trust Wallet
Yes, you can sell Shiba Inu on Trust Wallet as well. How to sell SHIB is almost the same as the purchasing process on TrustWallet. The only difference is you have to select SHIB first then ETH in the swapping step.
Buying and Selling Shina tokens on TrustWallet have no much difference, so you can refer to our guide “How to Buy Shiba Inu on Trust Wallet”. We have already summarized the detailed steps that we will use in our selling process here.
You have to download and install the TrustWallet app from the Google Play store first. Once the TrustWallet App is ready on your mobile device, you proceed to open the app, select the DApp browser, and then the Uniswap browser.
With the Uniswap exchange, you hit on the “Swap” tab where you can swap “SHIB” from the first search bar to “ETH” in the second search bar. Don’t forget to input the amount of token you are going to swap, then click on the “Confirm” button to complete the Shiba Inu swapping process.
It won’t take much time to complete the transaction. The swapped ETH coins should be in your wallet in a few moments and get ready to be sent for further withdrawal in a centralized exchange now.
How do I Cash out My Shiba in a Trust Wallet
If you are looking to buy a coin that is not listed on any major exchange, such as Coinbase, Robinhood, and Binance, then you can use TrustWallet.
However, if you would like to withdraw Bitcoin or ETH being swapped from the Shiba Inu Coin, you have to set up an account in a centralized exchange first.
We can’t directly withdraw SHIBA from TrustWallet to the bank account. We have to swap SHIBA to ETH first in the TrustWallet since ETH is one of the most popular crypto coins and widely accepted on the market. It would be much easier for us to convert ETH into real money in a bank account.
Binance or Coinbase is the recommended crypto exchange for the ETH withdrawal, so if you don’t have an account, just create one in a few steps.
Once your account is ready, you should create an ETH wallet that will receive the ETH coins and copy the ETH wallet address.
Next, you need to send ETH to the centralized crypto exchange for money withdrawal.
We move back to the TrustWallet application and click the “Send” button to transfer ETH coins to the ETH wallet you set up in your Binance account. Paste the ETH wallet address to finalize the ETH coin’s sending process.
Finally, the ETH coins should be transferred to the ETH wallet in the Binance exchange. Since ETH is a popular cryptocurrency, you can easily sell them for real money on the Binance exchange and then withdraw the money to your bank account straight away.