Trustly

Trustly was founded in 2008 in Sweden and enables customers to transfer funds from their bank accounts, with the money arriving instantly at a reputable crypto site of your choice. Looking to buy crypto using Trustly? You’ve come to the right place!

Operating in various European countries such as Austria, Denmark, Estonia, Finland, Germany, Italy, Lithuania, Netherlands, Norway, Poland, Sweden, Spain, and the UK, Trustly is also available in Canada and the U.S. By using Trustly’s banking method, you can quickly transfer funds from your bank account to a crypto exchange of your choice. One of the major benefits of this method is that it does not charge any transfer fees. The only fees you might incur are your bank’s transaction fees (which are usually zero) and the charges from the crypto exchange itself.

Currently, there are 3 crypto trading platforms that support Trustly, along with 77 crypto casinos that accept Trustly as a deposit method, as shown in the toplists below.

Summary

Trustly is a payment method frequently used for online transactions that require a high level of security. When you use this banking service, your payment details remain concealed, protecting your identity from hackers. Trusted by thousands of online merchants, including many crypto exchanges, Trustly is widely recognized. Most of its clients are in the gaming industry or the crypto sector, with European brokers primarily offering Trustly. Below, we cover some advantages and disadvantages of using Trustly, as well as its true costs and how to get started.

What is Trustly?

Trustly is a payment processor that transfers funds directly from your bank account. Unlike credit cards, it only allows you to use funds that are already in your account. When using Trustly for payments, you won’t pay any fees to the payment processor. Transactions typically complete in a few minutes, and this payment method can also be used for fast withdrawals.

Trustly Costs

Trustly does not charge transaction fees for deposits or withdrawals. However, your bank might charge some fees for the payment. Additionally, you should review the terms of your chosen crypto exchange, as they may impose a funding fee.

Transaction Speed for Trustly

The speed of Trustly transactions may vary depending on the crypto exchange you are using. However, funds are typically transferred within a few minutes. In some cases, your bank might hold the money if there are any questions about the transaction. If this happens, contact your bank to verify the payment and avoid delays.

Trustly Deposits: How Does It Work?

To make a deposit using Trustly, follow these steps:

• Log 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 using a verification method.

Which Are the Main Countries Where Trustly is Used?

Trustly is available in Denmark, Estonia, Finland, Italy, Sweden, Spain, Poland, and Norway. Transfers can be made using Euro, DKK, PLN, and SEK. However, the company does not appear to have plans to expand its services to other countries.

Can You Withdraw with Trustly?

Yes, you can withdraw funds using Trustly, and the money will be deposited directly into your bank account. Withdrawals are typically completed within two business days, but depending on the crypto exchange, the process may take longer.

Reputation of Trustly

Trustly is a popular and convenient banking method for users, thanks to its high level of security. If you are not in a country where Trustly is supported, you may want to consider using e-wallets such as PayPal, Skrill, or Neteller as alternatives.

FAQ

Here are some frequently asked questions about Trustly:

• Is it safe to use Trustly for cryptocurrencies? Yes, Trustly does not store any information that could grant access to your bank account. The Swedish Financial Supervisory Authority monitors Trustly, ensuring its security.
• How do I set up Trustly? To use Trustly, you must first have a bank account in Denmark, Estonia, Finland, Italy, Sweden, Spain, Poland, or Norway. Then, visit the official Trustly website to link your account to the payment processor.
• Is Trustly instant? Trustly is an instant banking method that typically completes transfers in less than 30 seconds. Occasionally, payments may take up to one minute.
• When was Trustly founded? Trustly was founded in 2008 and has since become a popular payment method across Europe.
• Where is the parent company based? Trustly was founded in Sweden and is headquartered in Stockholm, though it has offices in multiple countries.