Trustly was created in 2008 in Sweden, and it allows customers to send funds from their bank accounts, which instantly can arrive at a crypto site of your choice. Are you looking to buy crypto with Trustly? Then you came to the right site!
The site operates in several countries in Europe, including Austria, Denmark, Estonia, Finland, Germany, Italy, Lituania, Netherland, Norway, Poland, Sweden, Spain and the UK. It’s also available in Canada and the U.S. With Trustly’s banking method, you will be able to transfer funds from your bank account to a crypto exchange of your choice. A key benefit of this method is that it does not charge any transfer fees. The only fees you may need to pay are your bank transaction fees (usually zero) and the crypto exchange charges.
Top 2 sites for buying, selling and trading crypto with Trustly
This is the toplist with the best sites to buy, sell or trade cryptocurrencies with Trustly. To learn more why a certain site is ranked the way it is, you can read our review by clicking the review button. We generally recommend using an exchange or platform with good track record, great reputation and positive feedback from its customers. The better option for you as customer, the better ranking we give them.
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- 1 Top 2 sites for buying, selling and trading crypto with Trustly
Above are the best crypto exchanges, platforms and brokers offering funding through Trustly transfers with the click of a few buttons.
Trustly is commonly used for online transactions that require high levels of security. When using this banking method, your payment details will be hidden. That means hackers will not be able to steal your identity. The payment method is used by thousands of merchants online, including many crypto exchanges.
However, most of the clients are either in the gaming industry or in the field of crypto – its mostly European brokers that offer Trustly. Below are some positive and negative factors for Trustly, along with true cost and how to get started.
+The funds will be transferred instantly, with the safety of a bank.
+Trustly offers a high level of security.
+It is easy to use.
+Your personal details will be hidden from the public.
+Trustly can also be used for withdrawals.
-Trustly is only available in a handful of countries.
-Bank logins are required to finalise the instant Trustly transfer.
-There are not so many crypto sites that accept Trustly.
-It has been criticized for breaching customers’ banking confidentiality.
What is Trustly?
This company works as a payment processor and transfers funds from your bank account. Unlike credit cards, it only allows you to use funds that are already in your bank account. When transferring funds with this method, you will not have to pay any fees to the payment processor. The transactions will usually be completed in a few minutes. This payment method can also be used for speedy withdrawals.
Trustly does not charge any transaction fees for deposits or withdrawals. However, your bank may have some charges for the payment. You should also check the terms of the crypto exchange as they may have a funding fee.
Transaction speed for Trustly
The speed of the transactions may vary depending on the crypto exchange you are using. However, in many cases, the funds will be transferred within a few minutes. In some cases, your bank may hold the money if they have any queries regarding the transaction. When this happens, you should contact your bank to verify the payment so that it doesn’t get delayed.
Trustly Deposits: How does it work?
When using Trustly for deposits, you should follow these steps:
+Sign into your crypto exchange account and go to the deposit section
+Select the deposit option from the drop-down menu
+Choose your currency and enter the amount you want to transfer
+Complete the payment with a verification method
Which are the main countries where Trustly is used?
You can only use Trustly if you have a bank account in Denmark, Estonia, Finland, Italy, Sweden, Spain, Poland, and Norway. Given the countries where the deposit method is used, you will only be able to make transfers using the Euro, DKK, PLN, and SEK. The company does not seem to be planning on expanding its service to other countries.
Can you withdraw with Trustly?
You can withdraw funds using this method, and the money will be added directly to your bank account. Usually, the transfers are completed within two business days. Depending on the crypto exchange you use, the payment may take longer.
Reputation of Trustly
Lots of people enjoy using this banking method because it is more convenient than regular bank transfers. Also, the network is extremely secure. If you are not in a country that supports this banking method, you should consider using e-wallets like PayPal, Skrill, and Neteller.
Below are the most frequently asked questions about Trustly.
Is it safe to use Trustly for cryptocurrencies?
Yes, this company does not store any information that can be used to access your bank account. It is authorized to provide financial services by the Swedish Financial Supervisory Authority, and this body monitors the company.
How do I set up Trustly?
To use this banking method, you will first need to get a bank account in Denmark, Estonia, Finland, Italy, Sweden, Spain, Poland, or Norway. You can then go to the official website of Trustly and link your account to the payment processor.
Is Trustly instant?
This instant banking method is great for quick payments. Usually it takes less than 30 seconds to complete a Trustly transfer, but occasionally, the payments may take up to 1 minute.
When was Trustly founded?
This banking method was founded in 2008 and has quickly become a popular payment method in Europe.
Where is the mother company based?
This company was founded in Sweden and still has its headquarters in Stockholm. However, it now has offices in a number of countries.