Trust Wallet is one of cryptocurrency’s most “trusted” wallets — pun intended. It’s also among the most expansive wallets in terms of features, is available on multiple platforms, and has a reputation for security. This guide shows you everything you need to know about Trust Wallet, including how to use it.
KEY TAKEAWAYS
➤ Trust Wallet offers a user-friendly platform with options for cloud or manual backup and supports a wide range of cryptocurrencies and blockchains.
➤The wallet allows for in-app trading and swapping across multiple chains and enables direct staking and interaction with web3 DApps.
➤ Trust Wallet ensures high security through features like biometric verification and risk monitoring technologies.
➤The wallet is partially open-source and stands out among competitors with its extensive support for over 100 blockchains.
How to install Trust Wallet?
Trust Wallet is available for mobile devices and as a browser extension. The platforms you can choose from include Android and iOS for mobile and Chrome, Brave, Opera, and Edge for browser.
For this guide, we will use the mobile wallet to demonstrate how to back up your wallet on the cloud and the browser extension to back up your wallet manually.
How to install on mobile
To install the wallet on mobile, simply:
- Download and install from the mobile store
- Create a new wallet
- Back up the wallet on the cloud.
Here’s each step in more detail.
1. Open your mobile store, search for Trust Wallet, and install the app.
2. Press Get Started to begin creating a wallet.
3. You can select Create new wallet or Add existing wallet.
4. You have two options to create a new wallet: use a Secret phrase or the Swift option, which is still in the Beta Phase. For this guide, we will use the Secret phrase.
5. You can manually back up your Trust Wallet with a recovery phrase or with Google Drive. For this demonstration, we will use Google Drive for convenience and new users; however, you are advised to back up your wallet manually for added security.
6. Name your wallet to continue. After this step, you will need to create a password and a six-letter passcode to secure your app.
7. Congratulations, you have successfully created a Trust Wallet.
How to install the browser extension
To install the wallet as a browser extension, simply:
- Go to the website and download the wallet
- Create a new wallet
- Back up the wallet using the seed phrase
Let’s take a closer look at each step.
1. Navigate to the Trust Wallet website. Scroll down, select Download Extension, and choose your supported browser.
2. The previous step will redirect you to the following page. Select Get and then Add extension.
3. Similar to installing Trust Wallet on a mobile device, you can create a new wallet or import a wallet. For this demonstration, we will create a new wallet.
4. Create a strong password for your wallet.
5. Congratulations, you have successfully created your Trust Wallet as a browser extension.
6. Now that your wallet is created, you will need to backup your seed phrase. Select the yellow arrow at the top of the page.
7. To secure your wallet, simply select Show, type in your password to reveal the seed phrase, write down your phrase, and store it in a secure place.
What is Trust Wallet?
Viktor Radchenko created Trust Wallet in 2017. The non-custodial web3 wallet is among the most popular in the cryptocurrency industry. As a result, Trust Wallet boasts a use base of over 190 million.
Binance acquired Trust Wallet in 2018, which allowed the exchange to integrate the wallet into its platform while Trust Wallet maintained its brand and team autonomy.
Since late 2023, Trust Wallet has operated independently from Binance and is no longer owned by the Binance group. The wallet supports over 10 million assets, 600 million NFTs, and over 100 blockchains.
Key features of Trust Wallet
Trust Wallet is expansive and packed with features. These include:
- Buy and sell crypto – Easily purchase assets with fiat and cash out anytime.
- Swap and trade – Exchange assets across multiple chains with cross-chain swaps.
- Staking (Earn) – Stake assets like BNB, ETH, and others to earn rewards.
- Web3 DApp access (Discover) – Use a built-in web3 browser to explore DeFi, NFTs, and more.
- Launchpools and quests – Participate in token launches and earn rewards.
Buy and sell crypto
Users can buy and sell crypto directly within the app, whether on a browser extension or mobile. The supported payment options include credit/debit cards, bank transfers, and crypto.
Each payment provider has a unique fee structure that depends on the payment method. These fees may vary based on the provider and your region and are quoted in real time.
The minimum and maximum purchase amount varies from provider to provider; generally, you can start with as little as $10. Furthermore, Trust Wallet’s partners support over 100 major fiat currencies. So, you can buy crypto in most parts of the world.
How to buy and sell
To buy and sell crypto in Trust Wallet, do the following:
- Select buy and sell.
- Select the fiat currency and cryptocurrency
- Choose your payment method.
Here’s each step in detail.
1. Select the Buy and Sell tab in the browser extension that looks like a credit card. The mobile app has a separate Buy and Sell button.
2. Next, Go to the “I want to spend“ container and select the currency that you want to use for your transaction.
3. In the “I will buy“ container, select the cryptocurrency you want to buy or sell.
3. Finally, select the payment method you want to use to complete the transaction.
Swap and trade
Naturally, every crypto wallet allows you to send and receive coins and tokens. Trust Wallet, however, allows you to swap and trade directly within the wallet rather than going to a decentralized (DEX) or centralized exchange (CEX).
As you can see in the above image, this feature supports multi-chain functionality, which is extremely convenient for coins or tokens with fractured liquidity.
Fractured liquidity refers to the problem of crypto markets being dispersed across multiple blockchains. This can lead to several issues, especially a degraded experience for new users.
In the example, the source blockchain is Solana, and the cryptocurrency that the user holds is SOL, which will be exchanged for Wrapped Ether (WETH) on the BNB Chain. This way, swapping with Trust Wallet can be facilitated in three simple steps:
- Select the source blockchain.
- Choose the coin or token to swap (a.k.a. The quote token).
- Select the coin or token to receive (a.k.a. The base token).
This would be somewhat time-consuming, require multiple complex steps, and cost an excessive amount of fees to do on-chain. With Trust Wallet, the entire process happens in just a few clicks.
Staking
Rather than holding your crypto on a CEX or interacting directly with a DApp, you can stake your crypto directly within Trust Wallet. This feature supports over 20 networks. Users simply point and click, and they can start earning in seconds.
When you use Trust Wallet to stake, you’re interacting directly with decentralized protocols. The wallet is simply an interface for using these services, and Trust Wallet doesn’t control the underlying protocols.
Web3 DApp access
Users gain access to web3 decentralized applications (DApps) through the Discover tab in the mobile app. This feature includes a web browser as well as a curated list of the most popular DApps, sorted by blockchain and use case.
If you are a web3 native, then you probably understand how risky it is to do a quick Google search to find popular applications. This could lead to phishing scams.
If you use Trust Wallet’s Discover tab, you can mitigate these risks. Additionally, if you use the in-app browser, you can surf the web without leaving the app.
Launchpools and quests
Trust Wallet Launchpool allows users to earn rewards by engaging with promising crypto projects. Users can lock or stake their Trust Wallet Tokens (TWT) or other specified tokens in designated pools to earn new tokens as rewards from emerging projects.
Launchpool operates using on-chain smart contracts and open-source protocols. Users can monitor their locked tokens, track rewards, and claim them periodically while the campaign is active.
Security
Trust Wallet’s security is favorable for both advanced users and beginners. As mentioned earlier, you have multiple security options when you set up your wallet.
Backup
Trust Wallet’s cloud backup stores an encrypted copy of your wallet’s secret phrase in the cloud, either in Google Drive or iCloud. This feature helps protect your digital assets if you lose access to your device or the app and is more suitable for new crypto users.
You also have the option to back up your seed phrase manually. However, it is important to note that Trust Wallet only allows you to receive your seed phrase, not your private key.
You can use mnemonic phrase converters to retrieve your private key from your seed phrase, but these should be used with caution and offline in air-gapped environments.
App security
When it comes to app security, you have the standard password and passcode. However, you also have biometric verification, including fingerprint or facial recognition, for added protection.
Users are actively shielded from fraud and scams by Trust Wallet’s integrated risk monitoring technologies. It is intended to assist you in recognizing transactions that could lead to financial loss.
Using unique on-screen alerts based on varying risk levels, the Security Scanner will automatically notify you of any transactions that pose a risk.
Other security features
The wallet is partially open-source and has ISO certification (specifically ISO 27701 and ISO 27001) — a third-party validation that a business meets international quality standards.
Trust Wallet also allows users to create a wallet without requiring a sign-up process or personal data, such as IP addresses or email addresses.
The wallet also continuously scans user accounts for possible threats to keep consumers safe and sends out proactive alerts. These alerts could be reminders to update security settings or alerts about questionable activity.
Trust Wallet Token (TWT)
Trust Wallet Token (TWT) is the native utility token of Trust Wallet and serves multiple purposes within the ecosystem.
You can use it to stake and earn rewards (via Launchpool), pay for Trust Wallet development (pay for pull requests), vote on key issues regarding Trust Wallet’s features, development, or supported assets, and for discounts within the Trust Wallet app.
TWT is a BEP-20 token on the BNB Chain and an SPL token on the Solana blockchain. It has a maximum supply of 1,000,000,000 TWT.
Trust Wallet vs. other wallets
| Wallet | Blockchains | Open-source | Cross-chain swaps | Web3 DApps access | NFTs |
| Trust Wallet | 100+ | Partial | ✅ | ✅ | ✅ |
| MetaMask | EVM | ✅ | ❌ | ✅ | ✅ |
| Coinbase Wallet | EVM and 4+ | ❌ | ✅ | ✅ | ✅ |
| Phantom | 6 | ❌ | ✅ | ✅ | ✅ |
All crypto wallets should have simple features, such as sending, receiving, and managing coins and tokens from a user-friendly interface. However, the most used wallets go a step beyond this.
As a result, there are a few popular wallets in the cryptocurrency industry, yet Trust Wallet has managed to stand out. As referred to previously, the wallet supports over 100 blockchains, which equates to support for more than 10 million coins, tokens, and NFTs.
This is no small feat, as many wallets primarily support EVM-compatible networks due to their developer friendliness.
Phantom is predominantly Solana-centric but also supports a few other blockchains like Bitcoin or Sui. Coinbase Wallet, on the other hand, is EVM-centric but also supports a few other networks, like Bitcoin, Litecoin, Solana, and Dogecoin.
While Trust Wallet is only partially open-source, it makes up for this with its cross-chain functionality and web3 DApp access.
Conversely, MetaMask supports in-app swaps but not across chains. While Phantom does support cross-chain swaps, this feature is limited to a few chains and a few select assets.
A wallet that prioritizes simplicity
Trust Wallet prioritizes simplicity, placing itself firmly among the most popular wallets in the crypto market. From addressing fractured liquidity problems to the multiple security measures used to protect wallets, crypto users of all abilities can navigate Trust Wallet with ease. Despite this, users should always keep their wits about them and practice good crypto wallet security.
Never share your private keys and, if you plan to HODL long-term, using both a hot wallet like Trust Wallet alongside a compatible hardware wallet is advised.
Frequently asked questions
Is Trust Wallet safe?
How many blockchains does Trust Wallet support?
Does Trust Wallet support staking?
Can I buy directly in Trust Wallet?
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