Summary

  • Trust Wallet is a non-custodial cryptocurrency wallet founded in 2017. It is a Web3 wallet that 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 more.

  • Trust Wallet has its own governance token, TWT, which allows holders to participate in important governance votes. Trust Wallet is Binance's official decentralized wallet, making it a secure option for users.

Introduction

As more people use cryptocurrencies and decentralized applications (dApps), it is increasingly important to have a simple and secure way to access them. Whether you're interested in investing, payments, or dApps, having multiple solutions for different activities can quickly become cumbersome.

That's where an easy-to-use, all-in-one package like Trust Wallet can help. As part of the Binance ecosystem, Trust Wallet is a solid recommendation for Binance users. It is also one of the most popular crypto wallets out there, with over seventy million users.

What is Trust Wallet?

Trust Wallet is a non-custodial wallet, meaning users are responsible for retaining and managing their recovery phrases and private keys. As a multi-chain cryptocurrency wallet, Trust Wallet gives you access to multiple networks in a single app, making it easy to manage Web3 platforms and dApps.

Trust Wallet was launched in November 2017 by Viktor Radchenko, and immediately gained a wide user base. Binance acquired Trust Wallet in 2018, and Eowyn Chen, former VP of Marketing at Binance, became CEO in early 2021.

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

  • Millions of Ethereum-based and EVM-compatible tokens

  • 100+ blockchain networks

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

  • Over 600 million NFTs

What can I do with Trust Wallet?

The Trust Wallet supports over 70 blockchains including Bitcoin, Ethereum, BNB Smart Chain, Solana, and many more. In addition to buying, storing, and transferring cryptoassets, 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.

Trust Wallet dApps Navigator

A Web3 dApp browser is integrated within the Trust Wallet mobile application. This way, you will be able to interact and access dApps and DeFi platforms without leaving the Trust Wallet application. You can conveniently use a variety of dApps, including OpenSea, PancakeSwap, 1inch, and Uniswap.

Staking

There are several staking options available, including BNB, Polkadot (DOT), Cosmos (ATOM), and many more. Your actual earnings will depend on the validators and staking opportunities available at the time, with more being added over time.

Swap y trades

Users can swap between tokens in the Trust Wallet app. There are millions of cryptocurrency pairs available to trade. Swaps are easy to do and Trust Wallet doesn't charge any fees. However, keep in mind that you will have to pay the fee charged by third-party liquidity providers, such as 1inch, Uniswap, and others. Trust Wallet automatically selects the provider that offers the best rates.

Buy cryptocurrencies

Trust Wallet allows users to purchase cryptocurrency with fiat through multiple gateway providers. You can buy cryptocurrencies directly in the Trust Wallet app. Notably, you can earn reduced fees by holding Trust Wallet Tokens (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 links on the Trust Wallet website. Always make sure you are using the official website when downloading any cryptocurrency wallet or exchange app.

How can I configure and connect Trust Wallet to BSC?

As soon as you download and install Trust Wallet, you will find all the necessary instructions to set it up. The process is quite simple and should take less than a minute, but if you want a tutorial on how to set up Trust Wallet and connect it to BSC, we recommend the following guide: How to connect 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 wallet's decision-making process. TWT holders vote and propose internal app features, updates, and other important changes. The TWT token has a maximum supply of 1,000,000,000 units, and exists as a BEP-20 token on the BNB Smart Chain (BSC) and as a BEP-2 token on the BNB Beacon Chain.

TWT holders can also get discounts on DEX services and cryptocurrency purchases. You can buy Trust Wallet Token on Binance or earn it through marketing campaigns, giveaways and airdrops carried out by the Trust Wallet team.

Is it safe to use Trust Wallet?

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

Trust Wallet does not track any personal information, such as balances or IP addresses. Additionally, users have full control of their private keys and recovery phrases. Additionally, the wallet offers built-in risk monitoring tools to alert users and help them protect their assets from potential scams or risky transactions.

However, it's important to keep in mind the risks of managing your own keys. If your recovery phrase is lost or compromised, you may lose your funds. You should also stay alert when navigating the DeFi and Web3 space. Connecting your Trust Wallet to malicious websites can lead to hacks and financial loss. Make sure you only interact with trusted platforms and always check that the URL is correct to avoid phishing scams.

Conclusions

Trust Wallet offers a versatile product for anyone who HODLs coins, interacts with Decentralized Finance (DeFi) dApps, or wants to purchase cryptocurrencies. Much of the work of cryptocurrency adoption depends on offering simple, unique solutions, and Trust Wallet offers just that.

Further reading

  • How to connect Trust Wallet to BNB Smart Chain (BSC)

  • How to connect MetaMask to BNB Smart Chain

  • What is BscScan and how to use it?

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