Trust Wallet Launches Cash Deposits, Enabling Users To Convert Physical Cash Into Crypto

TheNewsCryptoPublished on 2026-02-18Last updated on 2026-02-18

Abstract

Trust Wallet, a leading self-custody Web3 wallet, has launched a new "Cash Deposits" feature in the U.S., allowing users to convert physical cash into digital assets like stablecoins, BTC, and SOL at over 15,000 retail locations. Powered by Coinme, this service enables individuals without bank accounts or cards to directly load cash and receive crypto into their self-custodied wallets. The initiative aims to bridge the gap for cash-reliant users, such as gig and service workers, by providing a fast, intermediary-free onramp to digital finance. Funds are typically available within minutes, and the service is available in 48 states, excluding New York and Vermont, with certain restrictions in Texas.

Cash in Your Pocket, Crypto in Your Wallet. Trust Wallet Brings Nationwide Cash Load Feature to U.S. Users at 15,000 Retail Locations

Trust Wallet, the world’s leading self-custody Web3 wallet with over 220 million users, today announced the launch of Cash Deposits in the United States, a new feature that allows users to load physical cash and convert into digital assets directly inside their Trust Wallet – without a bank account, debit card, or custodial balance.

Powered by Coinme, a leading enterprise crypto infrastructure platform, Cash Deposits enables users to load cash into a digital wallet at over 15,000 retail locations nationwide and receive stablecoins and other digital assets (BTC, SOL etc) directly into their self-custodial wallet.

With this launch, Trust Wallet removes one of the biggest barriers to participating in the digital economy: access to traditional banking.

“Millions of people in the U.S. earn and live on cash, yet most digital financial tools still assume all have a bank account or card,” said Felix Fan, CEO of Trust Wallet. “Cash Deposits is about meeting these users where they are. If you have cash, you now have a fast, direct way to turn it into digital assets that you fully control – no intermediaries holding your funds, and no reliance on traditional banks.”

Across the United States, millions of people are paid fully or partially in cash, such as gig workers, service workers, and individuals in cash-heavy local economies. For many, opening or maintaining a bank account can be difficult, cards may not be available, and existing cash services can be slow, expensive, or require giving up control of funds.

Cash Deposits removes those barriers. With Trust Wallet, users can now load cash and convert their money to digital assets, enabling them to receive directly into a self-custody wallet they control – unlocking faster payments, easier remittances, and broader access to decentralised and digital finance.

Unlike traditional cash services that rely on banks, cards, or custodial accounts, Cash Deposits enables a direct path from physical cash to a user’s self-custody wallet. Through Coinme’s nationwide retail network, cash is converted into digital assets and delivered straight to the user’s Trust Wallet – without intermediaries holding funds after the transaction is completed.

The supported retail locations are displayed in the Trust Wallet app before users begin, allowing them to view nearby deposit options available through Coinme’s retail network.

“At Coinme, our focus has always been building compliant, nationwide infrastructure that bridges physical cash with digital assets,” said Neil Bergquist, CEO and co-founder of Coinme. “By powering Trust Wallet’s Cash Deposits feature, we’re enabling that infrastructure to operate seamlessly within a leading self-custody experience, making it simple for users to move from cash to crypto at scale.”

Funds typically arrive within minutes rather than days, giving users faster access to their money while maintaining full control over their assets. Available across 48 U.S. states*, the feature brings national scale to a cash-to-digital experience that has historically been fragmented or inaccessible.

By combining Coinme’s established cash onramp infrastructure with Trust Wallet’s self-custody wallet, the partnership delivers one of the first mainstream, nationwide cash-to-stablecoin experiences within a single app – making digital finance more practical and accessible for everyday users.

*The cash on-ramp is currently available in the U.S. and Puerto Rico, excluding New York and Vermont. Stablecoin purchases are available in supported states, excluding Texas.

About Trust Wallet

Trust Wallet is the secure, self-custody Web3 wallet and gateway for people who want to fully own, control, and leverage the power of their digital assets. From beginners to experienced users, Trust Wallet makes it easier, safer, and convenient for millions of people around the world to experience Web3, access dApps securely, store and manage their crypto and NFTs, as well as buy, sell, and stake crypto to earn rewards — all in one place and without limits.

For media enquiries, contact: [email protected]

About Coinme Crypto-as-a-Service

Founded in 2014, Coinme is a leading licensed and regulated provider of an enterprise stablecoin and crypto payments platform. Coinme enables a fully native and seamless stablecoin and crypto payment experience within partners’ web or mobile apps. By integrating with Coinme’s simple API suite, SDKs, and widget, partners can quickly deploy crypto and stablecoin products and services natively while leveraging Coinme’s robust exchange and compliance infrastructure.

For more information, please visit https://coinme.com.

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

TagsPress ReleaseTrust Wallet

Related Questions

QWhat is the new feature launched by Trust Wallet for U.S. users, and what problem does it solve?

ATrust Wallet launched 'Cash Deposits,' a feature that allows users to convert physical cash into digital assets at over 15,000 retail locations. It solves the barrier of requiring a traditional bank account, debit card, or custodial balance to access the digital economy.

QWhich company powers the Cash Deposits feature for Trust Wallet, and what does it provide?

AThe Cash Deposits feature is powered by Coinme, a leading enterprise crypto infrastructure platform. It provides the nationwide retail network and technology to convert physical cash into digital assets like stablecoins, BTC, and SOL.

QAccording to Felix Fan, CEO of Trust Wallet, why is the Cash Deposits feature important for many people in the U.S.?

AFelix Fan stated that millions of people in the U.S. earn and live on cash, yet most digital financial tools assume everyone has a bank account or card. Cash Deposits meets these users where they are, providing a fast, direct way to turn cash into digital assets without intermediaries or reliance on traditional banks.

QHow does the Cash Deposits process work, and where can users find supported locations?

AUsers can load physical cash at over 15,000 retail locations through Coinme's network. The cash is converted into digital assets and delivered directly to their self-custody Trust Wallet. Supported locations are displayed in the Trust Wallet app, allowing users to view nearby deposit options.

QIn which U.S. states and territories is the Cash Deposits feature currently available, and are there any restrictions?

AThe cash on-ramp is available in the U.S. and Puerto Rico, excluding New York and Vermont. Stablecoin purchases are available in supported states, excluding Texas.

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