Carefully! Lots of text.
Trust Wallet is a non-custodial cryptocurrency wallet launched in 2017. This Web3 wallet offers many useful features and provides access to a wide range of blockchains, digital assets and decentralized applications (DApps).
Trust Wallet is available as a mobile app for iOS and Android devices, as well as an extension for Chrome, Brave, Opera, Edge and other browsers.
This wallet has a native TWT governance token, allowing holders to participate in voting on governance issues. Trust Wallet is the official decentralized wallet of Binance, which guarantees users reliability and security.
Introduction
The number of users of cryptocurrencies and decentralized applications (DApps) is growing every day, which is why it is so important to have secure and easy access to digital assets. If you have to use several different services for investments, payments or DApps, this seriously complicates your work.
To solve this problem, a universal solution was created - the Trust Wallet wallet. It is especially attractive to Binance users as it is part of the platform's ecosystem. This is one of the most popular cryptocurrency wallets, which has already been downloaded by more than 70 million people.
What is Trust Wallet
Trust Wallet is a non-custodial wallet. Users are responsible for storing and controlling their seed phrases and private keys. Trust Wallet is also a multi-chain wallet, so it provides access to multiple networks in one application, making it easier to learn and use Web3 and DApp platforms.
Trust Wallet was launched in November 2017 by Viktor Radchenko and immediately gained a large user base. In 2018, it was acquired by the Binance network, and in early 2021, Eowyn Chen, former Binance VP of Marketing, took over as CEO of Trust Wallet.
Trust Wallet is a secure and decentralized open source crypto wallet available in both mobile app and browser. Trust Wallet offers:
Millions of Ethereum-based tokens and EVM-compatible tokens;
More than 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 over 70 blockchains, including Bitcoin, Ethereum, BNB Smart Chain and Solana. In addition to purchasing, storing, and transferring crypto assets, Trust Wallet can also be used to swap tokens, play games, earn rewards, and explore non-fungible tokens (NFTs). Another advantage of Trust Wallet is the built-in DApp browser for mobile devices.
DApp Browser in Trust Wallet
The Trust Wallet mobile application has a built-in Web3 DApp browser. It allows you to interact with DApps and DeFi platforms directly from the Trust Wallet app. Users can work conveniently and securely with a variety of DApps, including OpenSea, PancakeSwap, 1inch, and Uniswap.
Staking
There are many assets available for staking in Trust Wallet, including BNB, Polkadot (DOT), and Cosmos (ATOM). A user's actual income will depend on validators and current staking capabilities, with more expected in the future.
Swap and trading
The Trust Wallet app allows for token swapping and trading, with millions of cryptocurrency pairs available for trading. Trust Wallet allows you to make swaps easily and does not charge any fees, however you will have to pay fees from liquidity providers such as 1inch or Uniswap. Trust Wallet will automatically select the provider with the most favorable commissions.
Buy cryptocurrency
With Trust Wallet, users can purchase cryptocurrencies with fiat through multiple gateway providers. Cryptocurrencies can be purchased directly from the Trust Wallet app. If you store Trust Wallet Tokens (TWT) in your wallet, you will receive reduced fees.
Where can I download Trust Wallet?
Trust Wallet is available as a mobile app (iOS and Android) or browser extension. Download links can be found on the official Trust Wallet website. When downloading any crypto wallet or cryptocurrency exchange app, be sure to use the official website.
How to set up and connect Trust Wallet to BSC?
After installing Trust Wallet, your wallet will display all the necessary instructions for setting it up. It is quite easy and takes less than a minute. More detailed information on setting up Trust Wallet and connecting it to BSC can be found in the guide: How to connect Trust Wallet to BNB Smart Chain (BSC).
What is Trust Wallet Token (TWT)?
The Trust Wallet Token (TWT) is a governance token that allows users to participate in wallet management decisions. TWT owners propose and vote on new features, updates, and other changes to the app. TWT has a maximum supply of 1,000,000,000 pieces and operates as a BEP-20 token on the BNB Smart Chain and a BEP-2 token on the BNB Beacon Chain.
TWT owners can receive discounts on using DEX services and purchasing cryptocurrency. You can buy Trust Wallet token on Binance or receive it as rewards in marketing campaigns, giveaways, and airdrops from the Trust Wallet team.
Is Trust Wallet safe?
Yes. Trust Wallet is part of the Binance ecosystem and uses the best security protocols. Trust Wallet has also been independently audited by several industry leaders, including CertiK, Halborn and Kudelski Security.
Trust Wallet does not track any personal information (such as balance or IP address). At the same time, users have full control over their private keys and seed phrases. The wallet also offers built-in risk monitoring tools that help protect assets from fraud or risky transactions.
However, it is important to consider the risks associated with self-storage of keys. If you lose your seed phrase or someone else finds it out, you may lose your funds. Stay vigilant when working in the DeFi and Web3 space. Connecting Trust Wallet to malicious sites can lead to hacking and financial losses. Only interact with trusted platforms and always check URLs to avoid phishing scams.
In conclusion
Trust Wallet is a one-stop solution for those who store coins, work with decentralized finance applications (DeFi) DApps, or simply buy cryptocurrency. This convenient wallet offers universal solutions for working with cryptocurrency.
Recommended reading
How to connect Trust Wallet to BNB Smart Chain (BSC)
Connecting MetaMask to BNB Smart Chain
What is BscScan and how does it work
Disclaimer: The following materials are provided “as is” without warranty of any kind for general reference and educational purposes only. This information should not be considered financial advice, legal advice, or a recommendation to purchase any specific product or service. You should seek your own advice from appropriate professional advisers. Since this article was written by a third party author, please note that the opinions expressed are those of the third party author and do not necessarily reflect the views of Binance Academy. For more detailed information please follow the link. The value of digital assets can be volatile. The value of the funds invested may go up and down. You may not get your invested funds back. You are solely responsible for your investment decisions. Binance Academy is not responsible for your possible losses. This information does not constitute financial, legal or other professional advice. To learn more, please read our Terms of Use and Risk Disclosure.
