Trust Wallet is a very popular cryptocurrency wallet that’s known for its extensive selection of supported cryptocurrencies and an impressive list of convenient features. In this article, we will be showing you how to fund your Trust Wallet and get started in the exciting world of crypto.
How to fund Trust Wallet?
In our step by step guide, we will show you two methods you can use to add cryptocurrency to your Trust Wallet account. If you already own some cryptocurrency, you can use your cryptocurrency exchange account or wallet to send crypto to your Trust Wallet.
Alternatively, you can purchase cryptocurrency directly in the Trust Wallet app interface through various third-party cryptocurrency onramps integrated with Trust Wallet. The supported payment methods are credit/debit cards, bank transfers and Google Pay.
Option 1: Deposit crypto from your exchange or another wallet to Trust Wallet
The most straightforward way to fund your Trust Wallet is to deposit cryptocurrency you have on a cryptocurrency exchange or another crypto wallet.
To do that, head over to your Trust Wallet and select the “Receive” option in the main menu.
Then, choose the cryptocurrency you want to deposit. We’ll be using Ethereum (ETH) in this example.
You will see a QR code that you can scan with the other wallet (if it supports this feature), and also a plaintext address. They both lead to the same wallet address, although you might find using the QR code to be more convenient.
Then, go to your cryptocurrency exchange account or other crypto wallet and send the desired amount of crypto to the address you copied from Trust Wallet.
Cryptocurrency transactions are irreversible. If you send your digital assets to the wrong address, there’s a good chance you won’t be able to get your funds back. Always make sure to double check that you are sending crypto to the right address and that you have selected the correct cryptocurrency in your Trust Wallet.
Option 2: Buy crypto directly in the Trust Wallet app
If you don’t own any cryptocurrency yet or simply want to buy some more crypto, you can do it directly through the Trust Wallet app. However, please keep in mind that you won’t actually be purchasing cryptocurrency from Trust Wallet. Instead, you will be presented with a list of offers from third-party cryptocurrency onramps, which are companies that allow users to easily buy and sell cryptocurrencies.
Trust Wallet has integrated a variety of cryptocurrency onramps, which support credit/debit cards, bank transfers and Google Pay as payment methods. This includes leading onramps in the crypto industry such as MoonPay, Banxa, Mercuryo and Simplex.
Head over to your Trust Wallet and select the “Buy” tab in the main menu.
Then, find the cryptocurrency that you would like to purchase. We’ll be using Bitcoin (BTC) in our example.
Now, it’s time to select how much you want to spend, and which payment method you want to use. You can choose between credit card, bank transfers and Google Pay.
After selecting the payment method, you will see a list of offers various third-party providers integrated with Trust Wallet.
After selecting the provider that you would like to use, follow the instructions provided on the screen. During the process, you will be redirected to the selected provider’s website to complete the transaction. Please keep in mind that you will need to verify your identity regardless of which provider you choose.
We should mention that using a debit card or credit card is one of the least efficient ways of buying cryptocurrency, since providers tend to charge high fees for this service. The industry standard fee for cryptocurrency purchases with a credit or debit card ranges from about 3.9% to 4.5%.
If you want to save money on fees, we recommend you go to a cryptocurrency exchange that directly accepts bank deposits (examples include Kraken, Coinbase and Bitstamp). Then, fund your account and purchase your desired cryptocurrency on the exchange’s spot markets. If you live in the European Union, we recommend you check out our list of the best SEPA crypto exchanges.
FAQs
Now, let’s quickly address some of the most common questions users have on the topic of funding their Trust Wallet.
How to add money to Trust Wallet?
Technically, you cannot add money to Trust Wallet because the wallet can only hold cryptocurrency balances. However, you can use the wallet to purchase cryptocurrencies from third-party providers such as MoonPay, Mercuryo and Banxa.
How to send money to Trust Wallet?
Trust Wallet can only store cryptocurrencies, so you can’t send money to it. If you want, you can use the wallet’s cryptocurrency purchasing feature to buy cryptocurrency using a credit/debit card or a bank transfer.
Alternatively, you could use your Trust Wallet to store and transact with stablecoins, which are crypto tokens that have their prices pegged to fiat currencies such as the US dollar or the euro.
How to add money to Trust Wallet with a debit card?
Debit cards are among the payment methods supported by Trust Wallet’s cryptocurrency purchasing feature. However, this capability is implemented by third-party cryptocurrency onramps integrated with Trust Wallet. It’s not possible to directly deposit money from your debit card into your Trust Wallet.
How to fund my Trust Wallet from my bank account?
Bank transfers are one of the payment methods supported by Trust Wallet’s cryptocurrency purchasing feature. However, this feature is enabled by third-party cryptocurrency onramps that are integrated with Trust Wallet. You cannot directly deposit money from your bank account into your Trust Wallet.
How to deposit money on Trust Wallet?
Trust Wallet is a cryptocurrency wallet that can only be used to store cryptocurrencies. You cannot deposit money to Trust Wallet. However, you can use your credit/debit card or a bank transfer to buy cryptocurrency and then transfer it over to your Trust Wallet.
The bottom line
Trust Wallet has impressed us with its variety of features and the wealth of options it offers for buying and selling cryptocurrency – that’s why it’s one of the best crypto wallets for beginners on the market.
However, buying cryptocurrency through Trust Wallet is not the best option if you want to get the most bang for your buck, as the providers integrated with the wallet tend to charge relatively high fees. Consider checking out our list of the best crypto exchanges for beginners to find platforms where you can buy cryptocurrencies with much lower fees.
