Trust wallet has enabled fiat withdraws in the UK, US and EU!

If you are trust wallet user, you might be pleased to know that you can sell your crypto and withdraw fiat directly through Trust Wallet without having to go to centralized exchange!

This functionality was enabled on Trust Wallet thanks to MoonPay and Ramp

There is the minimum though that you need to withdraw and is quite high - currently it you need to do at least 2.6 so that accounts to around €50 worth of coins!

I haven’t really tried the service so I’m not sure what are the fees, but I assume it will be still be much higher than using the centralized exchange! It is worth to mention though that if you hold 100 TWT you got fee a discount!

Binance pulled out out of UK now Canada due to the regulations and it looks like they’re moving more and more towards DeFi!

In the near future we can expect other wallets will introduce direct withdraws, and if the prices are very competitive then DeFi will gain traction! 

Have a great day!

Aventurine