No, he is being indicted for misusing business funds and other finance violations (including a claim that the money to reimburse Cohen for the deal with Daniels was "legal fees" to Cohen, rather than stating that it was for payment to Daniels). There is also a question about the money possibly coming from his campaign funds, which would be a further violation.

If Trump were to have cut a personal check from his own finances to Daniels, then I do not think anyone could call that illegal. It is the source of the funds and how they were transferred that is the problem (from what I understand), along with any coverup.

I might be missing something (especially with "more than 30 counts"), but that is my understanding.