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Every day hundreds of people discover Trust Wallet — a secure and most pleasant to use cryptocurrency wallet, the creation of which has become a real revolution in the field of digital assets. It offers customers a huge variety of useful and innovative functions, provides access to a variety of blockchains and in many ways surpasses competitors.
Buying, storing, NFTs, market analysis, trading, earning — all this is possible together with Trust Wallet. The wallet successfully replaces several different services and makes the work of users much more convenient. For a relatively short period of its existence, it has become a universal solution to many problems of the cryptocurrency world.
What is Trust Wallet?
Trust Wallet is a fully decentralized new generation crypto wallet designed for mobile work with cryptocurrencies. It features a high-end security system and provides users with deep control over digital assets.
Adex and Devin have carefully studied this startup, and concluded that non-interchangeable tokens are promising. They decided to immediately reformat the Wificoin service to provide services to users of the new metaverses.
Trust Wallet supports several million tokens, more than 160 assets and 60 blockchains in one application. With its help, you can conduct financial transactions of cryptocurrencies, NFT tokens and other transactions without the participation of intermediaries.
The service itself is part of the DeFi system and refers to "non-custodial" wallets. Non-custodial technology makes it completely autonomous, due to which users can not only easily carry out transactions and conveniently manage funds, but also effectively interact with each other without seeking help from banks, brokers or other companies.
The main principle of Trust Wallet is the privacy of user data.
All personal information and keys are located only on the device itself and are not transferred to intermediaries. The service has an integrated DApp browser, which provides investors with complete freedom of action and security.
The internal cryptocurrency TWT is also available on the platform, the issue pool of which is about 1 billion. It is mainly used to pay bonuses to customers.
Trust Wallet is one of the most optimal crypto wallets for working with digital assets. His rating on Google Play is 4.7 points out of 5 possible based on more than 1 million and 620 thousand reviews.
In the Apple Store — similarly 4.7 points out of 5 based on 34.5 thousand votes.
For several years now, Trust Wallet has remained the real flagship of the sphere, becoming more and more in demand, and this trend is unlikely to change soon.
History of creation
Trust Wallet was founded in 2017 by Viktor Radchenko, a talented IT specialist and enthusiastic crypto investor who sought to find a way to make the use of cryptocurrencies simple, secure and accessible to everyone. The solution to these problems was this modern cryptocurrency wallet.At first it was developed as a mobile application for the iOS operating system, and after a few months versions for Android and desktop platforms were added. Its popularity grew rapidly, but the real breakthrough came in 2018, when it was acquired by the leading cryptocurrency exchange — Binance. This has opened up new prospects and opportunities for growth.
The company is headquartered in Singapore. Trust Wallet is trusted by more than 60 million users around the world, and it supports more than 65 different blockchains, including Ethereum, Polygon, Polkadot, Tezos, Cardano, Solana.
The project has not reached its peak yet and continues to develop.
Advantages of Trust Wallet
Trust Wallet has a number of advantages that make it much more attractive and profitable to use compared to competitors:
- User-friendly and intuitive interface
- Multiplatform: you can use the crypto wallet both through the extension in Google Chrome, and with the help of mobile devices on iOS and Android systems
- The possibility of receiving passive earnings
- Integrated trading tools
- Support for a huge number of tokens, assets and blockchains
- Decentralization: Users have full control over their private keys and funds
- The presence of an NFT wallet and the wallet connect function, thanks to which you can not only store and buy a variety of NFT assets on Trust Wallet, but also connect the wallet to almost any decentralized NFT platform
- Integrated Web3 browser and free use of dApps
- Excellent reputation and trust of investors from all over the world
- Free of charge and no internal commissions
- Support for fiat currencies
- Independence from geopolitical factors
- Huge prospects for future development and continuous improvement of the service.
Supported cryptocurrencies and tokens
Trust Wallet supports more than four million digital assets on about 65 blockchains. This is a significant achievement that makes it one of the most versatile and convenient wallets on the market.
Among the available tokens you can find: Bitcoin, Litecoin, Ethereum, Dash, Dogecoin, Stellar, Cosmos and many others. The full list is presented on the official website Go
The Trust Wallet team is constantly working on the development of its service, adding new tokens, cryptocurrencies and support for popular standards, such as ERC-20 or ERC-721. This happens through regular updates of the crypto wallet after a detailed analysis of the market, communication with users and studying emerging trends in the field.
To upload new assets to your wallet, you should use the Add tokens
The basic functionality of Trust Wallet is simple and clear, a few clicks are enough to perform various operations. In addition to the main functions — storing funds and making transfers — it also provides users with an extensive range of additional features and unique tools.
Key functions of the crypto wallet:
- Adding assets — various digital assets can be added to the wallet at your discretion
- Purchase of cryptocurrencies — Trust Wallet has optimized the process of buying cryptocurrencies for fiat. Now you can do this without leaving the application, using a DEX converter and integration with well-known sites
- Transfer of funds — users can transfer funds to each other quickly and comfortably. It is enough just to know the recipient's address
- Balance and transaction history — in the application you can view all your transactions with cryptocurrencies and the amount on the account
- Viewing the cost and charts is a tool that allows you to monitor the market situation and charts of various cryptocurrencies.
- NFT Trading — Trust Wallet supports NFT token trading. It is enough to use the NFTs tab in the application or on the website.
- Swap — an in-system currency exchange function without using third-party exchanges
- Staking is an additional option, thanks to which investors can receive passive income for storing assets.
- Security Settings — Additional security measures can be installed in the Trust Wallet interface, for example, biometric authentication.
Integrated DApp browser
Trust Wallet has an integrated Web3 browser for working with decentralized applications. With it, you can use services implemented on blockchain technology, including marketplaces, credit platforms and games, without prior registration and connection to a computer.
The dApps platform is optimized for mobile gadgets and is as comfortable as possible to use. It allows you to work safely with such services as OpenSea, 0x Betting, 1inch, Zerion, Aave, Bidali and many others. All of them meet quality standards, are adapted for Trust Wallet and do not pose a potential threat to customer data, and their number is steadily increasing.
DeFi (decentralized finance) is one of the new vectors of development of the modern world of cryptocurrencies. Trust Wallet plays an important role in supporting this direction by providing users with access to various DeFi protocols and the opportunity to participate in them.
The ecosystem of decentralized finance provides investors with deep control over funds and complete independence, allowing transactions to be carried out without intermediaries. Using Trust Wallet to interact with DeFi opens up a number of benefits and advantages, such as access to DEX, participation in liquidity and profitability farms, the ability to receive/provide loans, NFT trading and additional earnings.
DeFi integration makes Trust Wallet an even more powerful tool for achieving financial goals.
Prospects of Trust Wallet
The development team is constantly improving its project, introducing interesting functionality and innovative technologies. They follow trends and user needs, striving to stay ahead of the competition and adapt the service to a changing environment.
Given the rapid evolution of the cryptocurrency industry and the growing interest in digital assets, analysts predict the continued growth and success of Trust Wallet. Here are some expected directions of the company 's development:
- Expansion of supported blockchains
Trust Wallet will continue to add new cryptocurrency assets, expanding the range of its capabilities and attracting the attention of investors. Integration of Ethereum 2.0 and Shiba Inu is expected in July 2023.
- Increasing the level of reliability
Data privacy and wallet security are the key priorities of the organization. It is planned to continuously strengthen the mechanisms for protecting funds and privacy in order to neutralize all potential threats to customers.
- Interaction with additional DeFi products and platforms
Developers will offer modern business tools, making the wallet more profitable and convenient. In the future, it is expected to support even more DeFi products and platforms that appear on the market and provide exclusive opportunities for consumers, such as lending, exchange, staking, liquidity and participation in unique financial models.
Specialists will also work on scaling the mobile application and optimizing it, building partnerships with flagship centralized exchanges, creating educational and information resources for newcomers and raising public awareness about their product. The prerequisites for the next breakthrough are huge, and the potential is inexhaustible.
- Private keys are stored directly on the device itself, which makes it impossible for third parties to access them via a network or a remote server;
- High-class data encryption methods;
- Biometric authentication;
- Backup function, thanks to which you can always restore access to the crypto wallet using a seed phrase;
- Connection to hardware wallets.
How to protect your wallet?
In order to provide your assets with the maximum degree of protection, it is recommended:
- Come up with a pin code to log in to the service
- Install biometric protection (enable face recognition, fingerprint recognition)
- Use backup
- Use hardware devices
- Install updates regularly
- Report suspicious activity to tech support to prevent hacking attempts.