THREE METHODS ON HOW TO DEPOSIT MONEY ON TRUST WALLET

Hello, are you looking for a tutorial on how to start investing in cryptocurrencies using Trust Wallet? You've come to the correct place if that describes you. I'll explain how to deposit cryptocurrency using the Trust Wallet app in this blog post. Let's first review its fundamentals, though.

With support for millions of assets across over 100 blockchains, including Ethereum, Bitcoin, and others, Trust Wallet is one of the top multi-chain self-custody platforms. They let users buy, sell, trade, invest, and get incentives. With more than 70 million users worldwide, Trust Wallet offers an easy-to-use interface.

There are actually three methods for adding funds to your Trust Wallet account. You can use an external wallet to transfer cryptocurrency, use an e-wallet like Apple Pay or a debit/credit card to buy cryptocurrency through a third-party source or use decentralized P2P trading like Paydece.

DEPOSIT CRYPTO USING EXTERNAL WALLET

In this process, you will be using your other crypto wallet to transfer crypto into your Trust Wallet account. This means you already have the crypto, and you just want to add assets to your Trust Wallet. You can use several crypto wallets, like Crypto.com App, Binance, Kucoin, MEXC, HTX, and so on.

 

I will give you a sample of how to do it.

Example 1: MEXC GLOBAL TO TRUST WALLET

Let's say I want to transfer USDT from my MEXC account to Trust Wallet. You will have to first copy your USDT deposit address from Trust Wallet. Then you will go to your MEXC account. Go to the withdrawal page and paste your Trust Wallet deposit address. To better show it to you. Watch this video that I have created.

 

BUY CRYPTO USING CREDIT/DEBIT CARD/E-WALLETS

You can also purchase crypto using your credit or debit card or e-wallet. This feature allows users to buy crypto using their bank account with ease with the help of third-party providers like Banxa, Moonpay, AlchemyPay, Ramp, Transak, and Mercuryo.

 

1. Open the Trust Wallet app.

2. Under the home page, you click on the "BUY" button.

3. Select the crypto you want to purchase.

4. Enter the amount of the purchase.

5. Choose the third-party provider (Banxa, Moonpay, etc.).

6. Then you will be redirected to the third-party provider (you will need KYC).

 

DO P2P TRADING ON PAYDECE

You can purchase cryptocurrency using this approach anonymously because it uses a decentralized peer-to-peer marketplace. You will use the Paydece P2P Marketplace with this procedure. This is basically a method for those who reside in nations where purchasing cryptocurrencies is prohibited. Watch this video for comprehensive guidance.

These are the three methods you can use to deposit funds into your Trust Wallet account. If you have questions, you can comment down or visit my YouTube channel for more tutorials about cryptocurrency. Thank you for reading!