Trust Wallet launches Cash Deposits, enabling users to convert physical cash into crypto.

Trust Wallet has launched Cash Deposits, a U.S. cash-to-crypto on-ramp that lets users load physical cash at participating retail locations and receive digital assets directly in their self-custody wallet. The feature is powered by Coinme and is positioned as Trust Wallet’s first cash deposit option, expanding access for users who do not want to rely on a bank account, debit card, or custodial exchange balance. The service is available in 48 U.S. states and Puerto Rico, with New York and Vermont excluded; stablecoin purchases are also restricted in some states, including Texas. Trust Wallet says the workflow is designed to be simple: users choose an asset in the app, generate a barcode, pay cash at a supported retailer, and then receive crypto in their wallet after confirmation, typically within about 10 minutes. The feature carries a 4% service fee plus a $3.95 transaction fee per deposit, and it requires identity verification through Coinme. The launch matters because it brings a large-scale cash-to-crypto experience into a noncustodial wallet, making self-custody more accessible for people who are underbanked or prefer to transact in cash. It also reflects a broader trend in crypto onboarding toward local payment methods and off-ramp/on-ramp infrastructure that works across retail networks rather than only through banks and card processors.

✨ AI-generated background, compiled from web sources — not editorial content.

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