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Before answering the questions, maybe we need to know some information about your case:
1. Where do you live?It relates to what exchanges you should use better to cash out your crypto into fiat. Actually, you can use global exchange and cash out into your fiat but the fee is probably higher. In this case, You can use Binance. However, if there is a local exchange in your country in which there will be commonly a way to cash out into your bank account more easily and with less cost (commonly). The way is by withdrawing/transferring your coins from Trustwallet into the exchange.
2. What coins do you have?It will also determine how you will convert the coin and cash it out.
- If you have a coin in which the coin is also available in your addressed exchange, you can only send or withdraw it into the addressed exchange directly.
- However, if there is not an available coin in that addressed exchange, you need to convert it to a suitable coin (such as converting to USDT, ETH, BNB, and others). FYI, in Trust wallet, there is a DEX menu (including SWAP and Exchange). If it is available, you can swap the coin or sell it on the exchange and choose the suitable coin to transfer to the addressed exchange.
*Note:
There are several types of similar coins with different networks (
ERC20, BEP2, BSC, and others). You must also understand and also notice this in order to choose the right option when swapping or exchanging.
3. Pay attention when transferring your coins into the addressed exchange.This is also important, you must pay attention when transferring to withdrawing your coins into the addresses exchanges.
Some terms to consider are likely:
- Wallet: Choose the right wallet from the same coin and network, be careful in putting the wallet because if you make a mistake (wrong wallet), you may lose your coins.
- Memo/tag: Some coins may need memo or tags, please also pay attention to this. Check on the deposit address in the exchange whether it needs memo/tags or not. If any, you should also put it when withdrawing.
I think it is better for you to read at least the FAQ here
TrustWallet FAQIt consists of important information you can learn at first about TrustWallet and other both specific and general infomration.