Sell Avalanche on Trust Wallet

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How to cash out Avalanche on Trust Wallet? This article explains 3 ways to sell Avalanche on Trust Wallet and also the main features of AVAX.

Trust Wallet is a very popular decentralized crypto wallet that allows you to store all kinds of cryptocurrencies.

Also, by holding coins in Trust Wallet, you manage your private keys in full custody over your funds.

Moreover, maybe you are in possession of some sweet Avalanche(AVAX) tokens in combination with other cryptos and want to buy or sell them.

How to do this properly? Whatever your motives are, learning how to trade crypto on Trust Wallet is a must.

As stated earlier, Trust Wallet operates in a non-custodial environment and is crypto-only.

As a consequence, transactions that imply fiat currencies(USD or EUR) directly within the wallet interface are not possible.

On the other hand, selling, storing, and buying crypto tokens on Trust Wallet is an easy exercise. In this blog post, we’ll share valuable information about the following matters:

  • how to sell Avalanche on Trust Wallet
  • explain how on-chain transactions work
  • everything you need to know about token swaps

Trading Avalanche Tokens on the Trust Wallet App

Trust Wallet is a popular decentralized cryptocurrency wallet that allows users to store, send, and receive various cryptocurrencies securely. One of the key features of Trust Wallet is its ability to swap tokens directly within the app. This means that users can easily exchange one cryptocurrency for another without the need for a third-party exchange.

Unlike custodial wallets like Binance, where users have to trust the exchange to hold and manage their funds, Trust Wallet operates on a non-custodial model, giving users complete control over their assets.

Besides security, there is more. For example, the deposit option, allows you to receive tokens, such as Avalanche(AVAX), faster than ever.

All in all, to sell Avalanche using Trust Wallet you need to use the swapping feature.

Ways To Sell Avalanche on Trust Wallet

Before using several features in Trust Wallet in order to sell Avalanche(AVAX), it’s good to consider the following first.

  1. Transaction type. For instance, if you want to swap AVAX for BTC then you have to make a cross-chain swap. Don’t worry, because this will be handled by Trust Wallet automatically, however, the transaction could be very slow because of the nature of the Bitcoin blockchain.
  2. The transaction fees. Every swap or trade you make on the Trust wallet is an on-chain transaction that requires gas fees. Also, if you need to send your tokens away(to another platform) this will cost you some. Even though these fees are very little, it is a thing to take into consideration.
  3. New and unknown tokens. If you want to trade AVAX for a popular ‘Memecoin‘ like Dogecoin then you might need an external dApp for this. The Trust Wallet built-in exchange offers only a limited number of coins. To swap AVAX for Dogecoin(DOGE) you should connect to the PancakeSwap dApp.

Option 1: Sell Avalanche on PancakeSwap

First of all, PancakeSwap is a decentralized application (dApp) built on the Binance Smart Chain. It allows users to trade cryptocurrencies, provide liquidity to earn rewards and participate in yield farming.

Additionally, it operates as an automated market maker (AMM), using a unique mechanism called the Constant Product Market Maker (CPMM) formula to determine prices and execute trades. PancakeSwap has become a popular dApp platform because of the many unknown coins that can be traded there.

To sell Avalanche by using Trust Wallet here, you need to find the dApp explorer in the app and simply connect your wallet to this platform.

How to do this?

  1. In Trust Wallet tap on ‘Browser‘ below in the menu
  2. Type pancakeswap in the browser bar and tap ‘Exchange Pancakeswap
    Browse PancakeSwap
  3. Tap on Connect button above and choose Trust Wallet
  4. Make sure to connect to Binance Smart Chain(BSC)
    Select BSC Chain on Pancakeswap
  5. Next, click on BNB symbol
  6. Type AVAX in the search bar and choose Import from Coinmarketcap
  7. Enter the Swap data(i.g AVAX for BNB)
  8. Finalize the transaction

Slippage: Slippage is the % difference between a trade’s expected and actual price. It is quite a common occurrence when buying and selling cryptocurrencies. You can thus end up buying or selling at a higher or lower price than you had intended.

Setting the slippage protects you from buying crypto at a very high price or selling low when the market is in volatile conditions. The default percentage usually falls between 0.5% to 1%.

Option 2: Swap Avalanche on Trust Wallet Exchange

Trust Wallet also has a built-in swapping application that allows users to sell one crypto for another, but it’s not the best option due to obvious limitations. However, selling Avalanche here for a more ‘mainstream’ coin like BTC is an easy and cheap exercise. To do this, simply follow these steps:

Step 1: Tap On “Swap” On the Trust Wallet Application

Open Trust Wallet, and on the main home screen, tap on “Swap.”

There, you will see some trading pairs where you have to find AVAX as a coin to pay. Next, simply search for the token you want to receive.

Step 2: Tap “Preview Swap” And Perform a Quick Trade

Then, select “Exchange.” The app will ask you to verify the operation before placing it. As you can see, there aren’t many options here.

In fact, you will find mostly coins that operate on the Binance Smart Chain, Ethereum, or other larger blockchain networks.

For direct swaps, read this guide: Best Places To Swap AVAX for BTC Instantly

Option 3: Withdraw Avalanche From Trust Wallet To Bank Account

The last option to sell Avalanche on Trust Wallet is the convert crypto to cash option. As mentioned earlier, Trust Wallet deals with crypto transactions only and can’t swap directly to money. To do this you need to send your AVAX coins to platforms like Binance or Coinbase.

In other words, to cash out Avalanche for money you need to withdraw Avalanche from Trust Wallet to another platform.

In short, below are the steps you have to follow when cashing out Avalanche on Binance exchange:

  1. Login at Binance or create a Binance for free
  2. At Binance wallet click ‘Deposit
  3. Next, click on ‘Crypto deposit‘ and search for Avalanche
    Search for AVAX on Binance
  4. Copy the public Avalanche address or use the QR-code
  5. Also, make sure to choose the BEP20 network
    Deposit Avalanche(AVAX) on Binance
  6. At Trust Wallet, use this address / QR-code to withdraw Avalanche to Binance
  7. Binance will send a notification when funds have arrived
  8. Next, use the Binance swap feature to sell AVAX for fiat(USD, EUR)
  9. Add your bank account as the payment method
  10. Finally, withdraw fiat from Binance to a bank account

Alternatively, you can use the Binance P2P platform to cash out money from Binance.

And that’s how it’s done to withdraw Avalanche from Trust Wallet to bank account. If you have problems or other questions regarding the withdrawal, it’s best to find someone at Binance support to help you out.

👉 Open a free account on Binance here

FAQ – Sell Avalanche on Trust Wallet

How Do I Exchange Avalanche for BNB?

To exchange Avalanche(AVAX) for BNB on Trust Wallet you can simply use the built-in swap feature of the wallet here. Simply click the Swap button above in the wallet.

Pay attention that you are swapping on the Binance Beacon Chain. Meaning, you can only swap AVAX(BEP20) for BNB.

Can you Sell on Trust Wallet?

As explained in this article there are several ways to trade crypto from within the Trust Wallet. However, if you want to cash out crypto for money you need an external platform like Binance to convert crypto to cash.

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