Binance's Trust Wallet Launches Crypto-to-Fiat Withdrawals With Ramp And MoonPay Partnership

Binance's Trust Wallet Launches Crypto-to-Fiat Withdrawals With Ramp And MoonPay Partnership

Published Wednesday 5th April 2023

Binance's Trust Wallet has announced the launch of a new feature in collaboration with Ramp and MoonPay that allows users to withdraw their cryptocurrency holdings in fiat currency directly from the app. This feature eliminates the need for users to rely on centralized exchanges or transfer their funds to other wallets, making the process more streamlined and efficient.

The new feature was made possible through Trust Wallet's partnerships with Ramp and MoonPay, two companies that specialize in the development of blockchain-based payment solutions. Ramp and MoonPay provide the necessary infrastructure to facilitate the conversion of cryptocurrency to fiat currency, which can then be withdrawn directly to a user's bank account.

Trust Wallet users who own 100 or more Trust Wallet Tokens are eligible for discounted off-ramp fees. This incentivizes users to hold onto their Trust Wallet Tokens, which can be used to pay for transaction fees and other services within the app. It also encourages users to use the new feature to withdraw their funds, as they can save money on fees in the process.

The launch of this feature is a significant milestone for Trust Wallet, as it reinforces the company's commitment to providing users with a comprehensive and user-friendly platform for storing and managing cryptocurrency. Trust Wallet has already established itself as one of the most popular mobile wallets in the market, with over 5 million users worldwide.

By partnering with Ramp and MoonPay, Trust Wallet is able to provide users with a seamless and secure way to convert their cryptocurrency holdings to fiat currency, without the need for intermediaries or complex processes. This is a major advantage for users who are looking for a more convenient way to cash out their crypto investments.

Overall, the launch of this new feature is a testament to Trust Wallet's dedication to innovation and user satisfaction. By continually adding new features and functionalities to their platform, Trust Wallet is positioning itself as a leader in the mobile wallet space, and is poised for continued success in the years to come.

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