Trust Wallet is a non-custodial cryptocurrency wallet that first launched in 2017. As a Web3 wallet, it offers users 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 users, as well as a browser extension for Chrome, Brave, Opera, and Edge.
The platform also introduced its own governance token, TWT, which gives holders the right to vote on key decisions. Trust Wallet is widely regarded as a secure and user-friendly option for managing crypto assets.
Introduction
As cryptocurrencies and decentralized applications continue to gain popularity, users are increasingly looking for secure and easy-to-use tools to access these technologies. Whether you’re interested in investing, making payments, or using DApps, managing multiple solutions for different activities can be inconvenient.
Trust Wallet offers a unified solution to this problem. As part of the Binance ecosystem, it has earned the trust of millions of users. It is also one of the most popular cryptocurrency wallets worldwide, with over 70 million users.
What Is Trust Wallet?
Trust Wallet is a non-custodial wallet, meaning users are responsible for safeguarding their seed phrases and private keys. As a multi-chain cryptocurrency wallet, it provides access to numerous networks, allowing users to explore various Web3 platforms and DApps without switching applications.
Viktor Radchenko launched Trust Wallet in November 2017. It quickly attracted a large user base and was acquired by Binance in 2018. In early 2021, Eowyn Chen, former VP of Marketing at Binance, became the CEO of Trust Wallet.
Trust Wallet is an open-source, decentralized cryptocurrency wallet known for its security and reliability. Users can access it via mobile or browser to manage:
- Millions of Ethereum-based and Ethereum Virtual Machine (EVM)-compatible tokens.
- Over 100 blockchain networks.
- More than 10 million assets, including Bitcoin (BTC), Ethereum (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, and Solana. In addition to buying, storing, and transferring crypto assets, you can use Trust Wallet to swap tokens, play games, earn rewards, and explore the world of non-fungible tokens (NFTs). Another key feature is the built-in DApp browser for mobile app users.
Trust Wallet DApp Browser
The Trust Wallet mobile app includes a built-in Web3 DApp browser. This allows you to access and interact with various DApps and DeFi platforms without leaving the app. You can use popular DApps like OpenSea, PancakeSwap, 1inch, and Uniswap directly through the wallet.
Staking
Trust Wallet offers a variety of staking options for tokens such as BNB, Polkadot (DOT), and Cosmos (ATOM). Actual returns depend on current validators and staking opportunities, with new options being added regularly.
Swapping and Trading
Users can swap tokens directly within the Trust Wallet app. The platform supports millions of cryptocurrency trading pairs. While Trust Wallet doesn’t charge any fees for swaps, users must pay fees to third-party liquidity providers like 1inch and Uniswap. The app automatically selects the provider offering the best exchange rate.
Buying Cryptocurrency
Trust Wallet partners with multiple quick-buy providers, enabling users to purchase cryptocurrency using fiat currency. You can buy crypto directly within the app. Notably, holding Trust Wallet Token (TWT) in your wallet can qualify you for discounted fees on certain transactions.
Where to Download Trust Wallet
Trust Wallet is available as a mobile app for iOS and Android devices, as well as a desktop browser extension. You can download the installation package from the official Trust Wallet website. Always ensure you’re downloading from the official source when installing any cryptocurrency wallet or trading platform app.
How to Set Up Trust Wallet and Connect It to BSC
After downloading and installing Trust Wallet, you’ll see all the necessary setup instructions. The process is straightforward and can be completed in under a minute. For a detailed guide on setting up Trust Wallet and connecting it to BNB Smart Chain (BSC), you can 👉 explore step-by-step tutorials here.
How to Add a Custom Token to Trust Wallet
Trust Wallet supports millions of tokens across hundreds of blockchain networks. If the token you’re looking for isn’t displayed in the default list, you can easily add it manually by following these steps:
- Scroll to the bottom of your Trust Wallet token list and tap Manage Cryptocurrency.
- Find the token you want to add and toggle the switch to enable it. Use the search bar at the top to look up the token by name or contract address.
You can usually find the contract address on the project’s official channels or on websites like CoinMarketCap or CoinGecko.
- If you still can’t find the token, scroll down and tap Can’t find your cryptocurrency? Import.
- Select the relevant blockchain network and manually enter the contract address. Double-check all information to avoid fake tokens.
- That’s it! The token and its balance will now appear in your Trust Wallet token list.
What Is Trust Wallet Token (TWT)?
Trust Wallet Token (TWT) is a governance token that allows users to participate in the decision-making process for the wallet. TWT holders can vote and make proposals regarding in-app features, updates, and other key changes. The maximum supply of TWT is 1 billion tokens. It exists as both a BEP-20 token on BNB Smart Chain and a BEP-2 token on BNB Beacon Chain.
TWT holders also enjoy discounts when using DEX services and buying cryptocurrency. You can purchase Trust Wallet Token on major exchanges or earn it through marketing campaigns, giveaways, and airdrops organized by the Trust Wallet team.
Is Trust Wallet Safe to Use?
Yes. As part of the Binance ecosystem, Trust Wallet employs high-quality security protocols and has undergone independent audits by leading firms like CertiK, Halborn, and Kudelski Security.
Trust Wallet does not track personal information such as balances or IP addresses. Users have full control over their private keys and seed phrases. The wallet also includes built-in risk detection tools that alert users to potential fraud or risky transactions.
However, users must understand the risks of self-custody. If your seed phrase is lost or stolen, you could lose access to your funds. It’s also important to remain vigilant when exploring DeFi and Web3. Connecting Trust Wallet to malicious websites could lead to hacking and financial loss. Always interact only with reputable platforms and carefully check URLs to avoid phishing scams.
Frequently Asked Questions
Is Trust Wallet free to use?
Yes, Trust Wallet is free to download and use. However, network fees (gas fees) may apply when conducting transactions or using DApps.
Can I use Trust Wallet on multiple devices?
Yes, you can use Trust Wallet on multiple devices by importing your wallet using your seed phrase. Ensure you keep your recovery phrase secure and private.
What happens if I lose my phone or uninstall the app?
As long as you have your seed phrase, you can recover your wallet on any compatible device. Without the seed phrase, you may lose access to your funds permanently.
Does Trust Wallet support hardware wallet integration?
Not currently. Trust Wallet is a software-based hot wallet. For enhanced security, consider transferring large amounts to a hardware wallet for long-term storage.
Can I stake cryptocurrencies directly in Trust Wallet?
Yes, Trust Wallet offers in-app staking for several popular cryptocurrencies. Rewards vary based on network conditions and validator performance.
How often is Trust Wallet updated?
The Trust Wallet team regularly releases updates to improve security, add new features, and support additional blockchains. Keep your app updated to access the latest functionalities.
Conclusion
Trust Wallet provides a versatile solution for users who want to hold tokens, interact with DeFi DApps, or even purchase cryptocurrency. Its ease of use and comprehensive functionality make it an ideal choice for anyone entering the crypto space. Whether you're a beginner or an experienced user, Trust Wallet offers a secure and convenient way to manage your digital assets.
Remember to always follow security best practices, such as safeguarding your seed phrase and verifying transaction details. For more advanced tips and strategies, feel free to 👉 discover additional resources here.