Darwin Delrosario
How-to
4 Min read
The Official Trump meme coin has garnered significant attention, and many holders are curious about how to withdraw or cash out their holdings. But converting your digital assets into traditional currency might seem complex at first. In this guide, we’ll walk you through the step-by-step process to transfer your TRUMP funds from Moonshot simple and hassle-free. Withdraw your TRUMP from Moonshot to real world money.
Before going to the process, you need to transfer your TRUMP token from the Moonshot app to your Phantom wallet and convert your earning to USDC. After doing that, you can now process on the guide below.
On mobile
You can click "Open in wallet," which will open your mobile Phantom app and prefill the transaction details. Alternatively, you can manually open the Phantom app on your mobile device, select the appropriate network and coin, copy the address and amount, and initiate the withdrawal.
On desktop
You can either connect your wallet using the browser plugin or manually withdraw the amount. By connecting your wallet, the transaction details, including the amount and network, will be automatically populated in your Phantom wallet. If you choose to withdraw manually, ensure that you select the correct network and enter the correct amount.
a. Open in wallet option (Mobile)
After connecting your wallet you will see the following payment intent in your Phantom wallet. Press send to process your withdrawal/payment.
b. Connected wallet option (Desktop)
After connecting your wallet you will see the following payment intent in your Phantom wallet plugin. Press confirm to execute your withdrawal/payment.
c. Manually withdraw the amount (Desktop)
Click on your Phantom browser plugin. Make sure to select the correct network in the top-left corner. Then click "Send" to initiate a withdrawal.
Select the correct coin (the same coin selected on the checkout page earlier) and enter the appropriate amount. Click "Continue" to proceed.
6. That's it! As soon as the transaction is confirmed on the network, your product details—in this case, PayPal—will be delivered to your email and displayed on the screen.
When you transfer cryptocurrency from Moonshot to another wallet, Moonshot does not impose any additional transfer fees. However, you will need to pay network fees (gas fees) associated with the blockchain network.
You cannot withdraw or cash-out your TRUMP token directly to a bank account. Moonshot does not allow users to swap cryptocurrency for fiat currency or provide the option to link their funds to a bank account. If you wish to convert your cryptocurrency to fiat currency, you will first need to transfer your funds to a centralized exchange like Coinbase or Gemini.