What is Trust Wallet?
If you are new in the cryptocurrency market you can be curious about “what is Trust Wallet?”. Today we will explain to you and answer your question “What is Trust Wallet?”. Trust Wallet has been created by Binance team in 2018 July, therefore they own it. It is a secure mobile crypto wallet. You can view prices, exchange and earn crypto with its app. This is first class option for people who want to carry their crypto on their mobile phone.
Trust Wallet App is free and simple to use. It is designed for both iOS and Android. You can download it from App Store and Google Play Store. It is used by nearly 1 Million of people. A lot of the coins that Binance offers are also supported on Trust Wallet. If you want to use burn tokens that work on the bnb side, this app is great for you. It will make it simple for you to store your cryptocurrencies.
Differences Between Software and Hardware Wallets
Firstly, if you ask yourself “What is Trust Wallet?”, it is software wallet. Hardware wallets are actual devices that keep the encryption keys with you wherever you go on that hardware device. Most people think that software wallets are not as secure as hardware wallets. However, if you are a careful person and do all of those safety tips, it will be secure as others.
How to use the Trust Wallet?
After your download it, it will ask you to either set up a new wallet or open an existing wallet. You have to set up your password and do not forget that you should not share your password with anyone. This is the most important point. Because people who know your password can download the app and put your password to access your account.
Once you open the page you will see the preview that explains how to use the app. Cryptos, and coins are stored on the Blockchain and the Trust wallet is the thing that gives you access to spend them. After you have done all of these steps, you will see the main page. You can see the total of the balances that you have on your own account.
They show current prices of coins, Bitcoin, Ethereum and bnb. It will show you 24-hour change. You can add more than one wallet with the Trust Wallet app. You can also set up price alerts on your phone therefore if there are big price movement in some of the coins that you are watching, you can see it right away. You can set up an app lock code, it will be more secure. Thanks to this app you can interact with DApps too, you can use wallet connect.
It will open your camera and you have to scan a QR code to connect it to your Dapps. Unfortunately, Dapps are not available in iPhone now because of some of the App Store rules. There are some useful clickable icons for sending or receiving cryptocurrencies. You just have to select what you want to receive and enter the amount of token that you want or have then it will show you how much you receive.
Once you download it, you will get used to it. It is very simple and one of the best wallets. I hope that you understand “what is Trust Wallet?” and how to use that.
This content should not be treated as financial advice. Do your own research. Make your own decisions. This article is intended only to answer the question of “what is Trust Wallet?”