2 August 2023
Founded in 2017, Trust Wallet is a non-custodial, mobile cryptocurrency wallet. Users can access a wide range of functionality through it, including a significant number of DApps, digital assets, and blockchains.
The TWT governance token, which Trust Wallet also offers, enables holders to participate in significant governance votes. Since Trust Wallet is Binance's official decentralized wallet, consumers can feel comfortable using it.
It's become more crucial to have an easy way to access cryptocurrencies and decentralized applications (DApps) as more people utilize them. Whether you're interested in payments, investing, or DApps, having a lot of options can quickly become cumbersome.
This is where a user-friendly, comprehensive product like Trust Wallet can be useful. Trust Wallet is a reliable suggestion for Binance users as it is a component of the Binance ecosystem. With over thirty million downloads, it's also one of the most used bitcoin wallets out there.
Viktor Radchenko introduced Trust Wallet in November 2017 and it quickly gathered a sizable user base. Eowyn Chen, a former vice president of marketing for Binance, was appointed CEO of Trust Wallet in early 2021 after Binance acquired it in 2018.
A safe, open-source, and decentralized cryptocurrency wallet is provided by Trust Wallet. With the help of Trust Wallet, you may access more than 20,000 EVM-compatible and Ethereum-based tokens, 63 blockchains, and more than one million cryptocurrency assets, such as Bitcoin (BTC), Ether (ETH), Binance Coin (BNB), and Tether (USDT).
The fundamental tenets of Trust Wallet remain intact: we never have access to our users' wallets, we never keep their private keys, and we never ask for their personal information.
Users of the multi-chain mobile wallet Trust Wallet get access to numerous chains through a single application. Every blockchain is available the instant you download the app, unlike browser-based wallets. Making transactions or engaging with Decentralized Applications (DApps) doesn't require adding in a blockchain's particular information.
The Trust Wallet app is non-custodial since users have complete control over their seed phrase. The app allows you to browse the linked artwork and store Ethereum and BNB Smart Chain (formerly Binance Smart Chain) Non-Fungible Tokens (NFTS). The built-in DApp browser in Trust Wallet is another important feature.
The Trust Wallet app's Web3 DApp browser is a built-in feature. With no need to connect to a desktop device or leave the Trust Wallet app, you may now interact with and access DApps. Users of DApps can communicate with the program directly on the blockchain. No registration or login is required. OpenSea, PancakeSwap, 1inch, and Uniswap are just a few of the DApps that can be used effortlessly. One of the first mobile wallets that provide the feature was Trust Wallet.
Trust Wallet's Trust's DApp Marketplace offers a collection of vetted DApps that adhere to quality and security requirements, further enhancing user security and safety. Users may manage their crypto and DApps right from their phones thanks to these DApps' mobile performance optimization.
What Can Trust Wallet Be Used For?
Additionally, Trust Wallet provides a number of capabilities that are built-in to the Trust Wallet app:
Through native cross-chain switching, users of the Trust Wallet software can switch between different tokens. You may trade assets between networks with ease using these services, which are powered by Binance DEX and 1inch.
For instance, you can exchange BNB Beacon Chain for BSC or BEP-2 tokens for BEP-20. For this service, Trust Wallet does not charge any fees. Through Binance DEX, you can also create buy and sell orders.
The 1inch protocol offers switching alternatives for ERC-20 tokens as well. AMM services like UniSwap can also be accessed directly using the Trust Wallet DApp browser.
With six on-ramp providers, purchasing Trust Wallet enables users to buy cryptocurrency using fiat. With your credit or debit card, Apple Pay, Google Pay, or a bank transfer, you may purchase over 40 cryptocurrencies right in the app.
For iOS, Android, and Google devices, you can download the mobile-only app Trust Wallet. The official download links are available on the Trust Wallet website. When downloading any cryptocurrency wallet or exchange program, make sure you're using the legitimate website.
Trust Wallet Token (TWT): What is it?
Users can take part in the governance of the wallet by using the Trust Wallet Token (TWT), a governance token. Owners of TWT accounts can vote on and make proposals for important in-app improvements and changes. The maximum amount of TWT tokens is 1,000,000,000 TWT, and they are available as BEP-20 tokens on the BNB Smart Chain and BEP-2 tokens on the BNB Beacon Chain.
Discounts on DEX services and bitcoin purchases are also available to holders. The Trust Wallet team runs promotions, giveaways, and airdrops where you can win Trust Wallet Token or purchase it on Binance.
For those HODLing coins, dealing with Decentralized Finance (DeFi) DApps, or even wishing to purchase cryptocurrencies, Trust Wallet offers a flexible product. Offering simple, all-in-one solutions is a key component of the work involved in promoting the acceptance of cryptocurrencies, and Trust Wallet does just that. Make sure to conduct your own research before making any investments if you choose to purchase TWT.