Announcements
Introducing Cash Deposits on Trust Wallet: Turn Cash Into Digital Money
Share post
In Brief
Turn physical cash into digital money with Trust Wallet. Deposit cash at nearby U.S. retail locations and receive crypto after network confirmation, no bank account required.
We're excited to introduce Cash Deposits on Trust Wallet, a new way for United States users to turn physical cash into digital money directly inside their wallet. Cash Deposits feature is powered by Coinme, a licensed cash-to-crypto provider.
Millions of people in the U.S. are paid partially or fully in cash. They work, earn, and support families every day, yet using that money digitally is not always straightforward. Opening a bank account is not always possible. Cards are not always available. And existing cash-based services are often slow, expensive, or require handing control of funds to someone else.
Cash Deposits offers a simpler path. If you have cash, you can convert it into crypto and receive it directly in your Trust Wallet, without a bank account and without giving up self-custody.
Before you get started, be sure to get the latest version of Trust Wallet.
How Cash Deposits works
Cash Deposits is designed to feel familiar from the start.
Open Trust Wallet, select → Fund → Deposit Cash
Select the asset, then complete the sign up steps via Coinme (create account using your email + phone number, identity verification is required)
Enter the amount of the asset you want, choose you location
Generate barcode, show it to the cashier
Crypto lands within ~10min.
There is no bank account required, no card needed, and no custodial balance held on your behalf. Funds arrive straight into your self-custody wallet once the cash deposit is confirmed.
What makes this different
Turning cash into digital value has traditionally meant relying on in-person money transfer services, paying high fees, and waiting days for funds to settle. Control is often limited while money sits with intermediaries.
Cash Deposits takes a different approach.
Instead of routing cash through multiple services, Trust Wallet lets users convert cash directly into digital assets, including stablecoins, Bitcoin (BTC), Solana (SOL), and more–that land in their wallet. Supported assets vary and are shown in-app during checkout. There are no multi-day settlement delays and no custodial holds after deposit.
This means users can store value digitally, transfer funds across borders without relying on traditional banking rails, and move money on their own terms. For people sending value to family abroad, especially across Latin America, Africa, and Southeast Asia, this can result in faster transfers and more money arriving where it matters.
By combining cash access, speed, and self-custody in one flow, Trust Wallet is one of the first mainstream wallets to offer a direct cash-to-crypto experience at national scale.
Bringing cash into the digital economy
For many users, Cash Deposits on Trust Wallet will be their first practical entry point into digital finance, one that starts with cash they already earn and trust, and does not require permission from a bank. This feature is part of Trust Wallet's broader goal to make self-custody more accessible and more useful in everyday life. If you have cash, you now have a direct path into the digital economy.
FAQs
Do I need a bank account to use Cash Deposits?
No. Cash Deposits is designed for users who do not have or do not want to use a bank account. You can deposit physical cash at supported retail locations and receive crypto directly in your Trust Wallet.
Where does my money go after I deposit cash?
Once your cash deposit is confirmed, crypto is delivered directly to your Trust Wallet. There is no custodial balance held on your behalf after the deposit. You remain in control of your assets at all times.
How long does it take to receive my crypto?
In most cases, crypto arrives in your wallet within about 10 minutes after the cash deposit is confirmed at the retail location. Note that crypto is sent after payment confirmation and blockchain network confirmation times may vary. Timing may vary slightly depending on location and network conditions.
What can I do with the crypto I receive?
You can store them in your wallet or transfer value digitally, including sending funds across borders without relying on traditional banking rails. Crypto is digital assets and is not legal tender, but they are commonly used for transfers and value storage.
Is Cash Deposits available everywhere in the U.S.?
Cash Deposits is currently available across 48 U.S. states & Puerto Rico. Supported retail locations are shown in the app before you start, so you can see what's available near you. Learn more in Coinme's Terms of Service.
What fees apply to Cash Deposits?
Cash Deposits are powered by Coinme and include a 4% service fee plus a $3.95 transaction fee per deposit. The total amount, including all fees, is shown before you confirm the transaction in the checkout flow. Additional blockchain network fees may apply depending on the asset and network used.
Disclaimer: Cash Deposits is powered by Coinme, a licensed provider of cash-to-crypto services. Service available in 49 U.S. states (excluding New York). Trust Wallet is a non-custodial wallet and does not custody or control user funds. Digital money refers to crypto, which are digital assets designed to track the value of fiat currencies. Crypto is not legal tender. Content is for informational purposes and not investment advice. Web3 and crypto come with risk. Please do your own research with respect to interacting with any Web3 applications or crypto assets. View Coinme's terms of service & Trust Wallet's terms of service.
Join the Trust Wallet community on Telegram. Follow us on X (formerly Twitter), Instagram, Facebook, Reddit, Warpcast, and Tiktok
Note: Any cited numbers, figures, or illustrations are reported at the time of writing, and are subject to change.