Summary

  • Trust Wallet is a non-custodial cryptocurrency wallet launched in 2017. This Web3 wallet allows users to access a wide variety of blockchains, digital assets, and decentralized applications (DApps).

  • Trust Wallet is available as a mobile app for iOS and Android users and as a browser extension for Chrome, Brave, Opera, Edge and others.

  • Trust Wallet has its own governance token, namely TWT, which allows its owners to participate in important governance votes. Trust Wallet is the official decentralized wallet from Binance, making it a safe choice for users.

Introduction

As more people use cryptocurrencies and decentralized applications (DApps), having a safe and simple way to access them becomes increasingly important. For those of you who are interested in investments, payments, or DApps, having many solutions for various activities may not be easy.

In such situations, a complete, easy-to-use package like Trust Wallet will come in handy. As part of the Binance ecosystem, Trust Wallet is a great recommendation for Binance users. Trust Wallet is also one of the most popular cryptocurrency wallets with more than 70 million users.

What is Trust Wallet?

Trust Wallet is a non-custodial wallet. This means that users are responsible for storing and managing their seed phrases and private keys. As a multi-chain crypto wallet, Trust Wallet provides access to multiple networks in one application, making it easy to navigate Web3 platforms and DApps.

Trust Wallet was launched in November 2017 by Viktor Radchenko and immediately gained a large user base. Binance acquired Trust Wallet in 2018 and Eowyn Chen, Binance's former Vice President of Marketing, took over as CEO in early 2021.

Trust Wallet is a secure and decentralized open source crypto wallet. You can use it on your phone or browser to access:

  • Millions of Ethereum-based and EVM-compatible tokens;

  • Over 100 blockchain networks;

  • Over 10 million assets, including bitcoin (BTC), ether (ETH), BNB, and Tether (USDT);

  • Over 600 million NFTs.

What Can You Do with Trust Wallet?

Trust Wallet supports more than 70 blockchains, including Bitcoin, Ethereum, BNB Smart Chain, Solana, and many more. Besides buying, holding, and transferring crypto assets, you can also use Trust Wallet to swap tokens, play games, earn rewards, and explore the world of non-fungible tokens (NFTs). Another key feature for Trust Wallet mobile users is its built-in DApp browser.

Browser DApp Trust Wallet

The Web3 DApp Browser is a feature integrated with the Trust Wallet mobile app. This feature allows you to interact and access DApps and DeFi platforms without leaving the Trust Wallet application. You can use a variety of DApps, including OpenSea, PancakeSwap, 1inch, and Uniswap.

Staking

Various staking options are available, including BNB, Polkadot (DOT), Cosmos (ATOM), and many more. Actual returns will depend on the validators and staking opportunities available at any given time. More options will be added.

Swap and trade

Users can swap between tokens within the Trust Wallet application. There are millions of cryptocurrency pairs available to trade. Swaps are easy to do and Trust Wallet does not charge any fees at all. However, note that you will have to pay fees charged by third-party liquidity providers, such as 1inch, Uniswap and others. Trust Wallet automatically selects the provider that offers the best rates.

Buy crypto

Trust Wallet allows users to purchase cryptocurrencies using fiat with various on-ramp providers. You can purchase cryptocurrency directly within the Trust Wallet app. Please note that you can get reduced fees by having Trust Wallet Token (TWT) in your wallet.

Where can I download Trust Wallet?

Trust Wallet is available as a mobile app (iOS and Android) and as a desktop browser extension. You can access the official download link on the Trust Wallet website. Always make sure that you use an official website when downloading a crypto wallet or crypto exchange app.

How to Set Up and Connect Trust Wallet to BSC?

As soon as you download and install Trust Wallet, you will find all the instructions necessary to set it up. The process is quite simple and doesn't take more than a minute. However, if you want a tutorial on how to set up a Trust Wallet and connect it to BSC, we recommend the following guide: Connecting a Trust Wallet to BNB Smart Chain (BSC).

What is Trust Wallet Token (TWT)?

Trust Wallet Token (TWT) is a governance token that allows users to participate in the decision-making process regarding these wallets. TWT owners vote and propose in-app features, updates, and other important changes. The TWT token has a maximum supply of 1,000,000,000 TWT and is a BEP-20 token on the BNB Smart Chain (BSC) and a BEP-2 token on the BNB Beacon Chain.

TWT holders can also receive discounts on DEX services and cryptocurrency purchases. You can buy Trust Wallet Tokens on Binance or get them through marketing campaigns, giveaways and airdrops held by the Trust Wallet team.

Is Trust Wallet Safe to Use?

Yes. Trust Wallet is part of the Binance ecosystem and implements the best security protocols. Trust Wallet is independently audited by industry leaders, including CertiK, Halborn, and Kudelski Security.

Trust Wallet does not track personal information, such as balances or IP addresses. Additionally, users have full control over their private keys and seed phrases. The wallet also offers built-in risk monitoring tools to alert users and help protect assets from potential fraud or risky transactions.

However, you should consider the risks in having your own lock. You may lose funds if your seed phrase is lost or compromised. You should also remain vigilant when exploring the DeFi and Web3 fields. Linking Trust Wallet to malicious websites can also lead to hacking and financial loss. Make sure you only interact with reputable platforms and always double-check URLs to avoid phishing scams.

Closing

Trust Wallet offers a versatile product for anyone HODLing coins, interacting with Decentralized Finance (DeFi) DApps, or even looking to purchase cryptocurrency. A large part of the crypto adoption process relies on easy, integrated solutions. Trust Wallet offers just this.

Further Reading

  • Connecting Trust Wallet to BNB Smart Chain (BSC)

  • Connecting MetaMask to BNB Smart Chain

  • What is BscScan and How to Use It?

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