How to Withdraw Crypto from Gemini to Trust Wallet

[Elvira.TrustWallet]

Your keys, your crypto. Not your keys, not your crypto.

Learn how to withdraw cryptocurrency from Gemini and transfer it to your Trust Wallet. The process of taking your cryptocurrency from a centralised exchange to a self-custody wallet gives your ownership and responsibility to access your crypto.

Installing Trust Wallet and taking self-custody of your cryptocurrency means your private keys are stored on your device and your assets on-chain, meaning you are in full control at all times. With this ownership comes greater responsibility on remember your secret phrases and ensure you look after your cryptocurrency personally. Please ensure you have your details secure and safe for you to access.

Why Transfer Your Funds To Trust Wallet?

Holding your crypto assets on a custodial platform like Gemini means that you aren’t in complete control over your funds. Instead, you have to trust the provider with your private keys and thus de facto ownership of your cryptocurrencies.

In a worse case scenario this could mean you losing your crypto if the centralised exchange goes bankrupt or faces other challenges. It really is important to understand that if it isn’t your keys it isn’t your coins.

You would be better off storing your crypto assets in a secure, non-custodial wallet like Trust Wallet, where you hold your private keys and have complete control over your funds.

Read on to learn how to withdraw crypto from Gemini and transfer it to Trust Wallet for safekeeping.

How to Withdraw Funds from Gemini in 3 easy steps:

If you are a Gemini user and want to transfer your digital assets to a secure wallet like Trust Wallet, you will first need to log onto your Gemini account online using your login credentials and complete two-factor authentication (2FA). Alternatively, you can open the Gemini mobile app on your smartphone.

Next, access your wallets and take a look at which cryptocurrencies you hold in your Gemini account.

Since Trust Wallet supports 8+ million digital currencies and tokens across 70+ blockchains, you will very likely be able to transfer any cryptocurrency you hold with Gemini to your Trust Wallet.

Step 1:

Firstly, choose the first cryptocurrency you want to send and click on the specific asset’s wallet within your Trust Wallet. In this example, let’s use Solana (SOL).

Click on the ‘Receive’ button (image 1) and copy and paste the Solana wallet address (image 2).

Before you start sending your crypto over to your Trust Wallet, enable each cryptocurrency you want to receive to make it visible in Trust Wallet. To do that, simply click on the icon on the top right in your Trust Wallet and swipe the button next to each asset you want to make visible in the app.

Step 2:

Then, you open your Gemini app and head to the “Portfolio” tab, viewable on the bottom of the screen. Next, select the cryptocurrency you want to transfer, in this case Solana (SOL). Scroll down and select “Withdraw”. Choose the amount of SOL you want to send to your Trust Wallet. Then, hit the “Continue” button.

Step 3:

Since you want to securely store your SOL tokens in a non-custodial wallet, paste in your Trust Wallet SOL wallet address that you have just copied. Double-check that all the details are correct and confirm the deposit address to transfer SOL to your Trust Wallet by tapping on “Review Withdrawal”, “Yes, I want to proceed” and “Swipe to confirm” buttons.

Input a text message verification code to confirm the withdrawal. Done! The assets will appear in your Trust Wallet.

Step 3.1: Where is my Trust Wallet Address?

It’s simple! Find the token you want to receive in your Trust Wallet, in this case SOL, and tap on receive (image 1). Next, copy the address that opens in the next window (image 2).

Now, repeat this process for all digital assets that you are holding on Gemini to transfer all your crypto to Trust Wallet.

Why Should You Move Your Crypto from Gemini to Trust Wallet?

Gemini and the Gemini app provide custodial wallets, which means that Gemini holds user wallets’ private keys, effectively holding crypto on behalf of their users.

The problem with that is that you have to trust Gemini (and other custodial wallet providers) that they will take good care of your funds. Unfortunately, that is not always the case. There are countless stories of Gemini users being locked out of their accounts and having their funds frozen. In these instances, it often takes users weeks or months to access their crypto holdings.

That’s why it’s essential to hold your crypto assets in a non-custodial wallet, like Trust Wallet, where only you have control over your wallet’s private keys. Trust Wallet cannot access your funds, nor does the company collect any user data that could identify users.

What Is Trust Wallet?

Trust Wallet mobile is an easy to use, true multi-chain noncustodial mobile wallet, which allows you to store and manage over 8 million crypto assets including NFTs across 70 blockchains. No more storing your assets across multiple custody wallets or exchanges! You’ll have peace of mind knowing all your assets are in one safe place.

Your private keys are stored on your device and your assets on-chain meaning you are in full control at all times. Trust Wallet gives you the ability to natively buy, swap and stake your favorite crypto without having to leave the app and also connect to dApps with the in-built DApp browser.

Trust Wallet is used by over 60 million people worldwide!

Download Trust Wallet today and start transferring your crypto from Gemini to Trust Wallet.

After many requests and months of building, Trust Wallet has recently announced its Browser Extension launch to complement its mobile wallet!

Read the announcement here and Download Trust Wallet Browser Extension today!