TL;DR
As more people start using cryptocurrencies and accessing Decentralized Exchanges, it is important that users are able to access them on the go. This is where hot wallets come into play. Hot wallets are a form of crypto wallets that allows you to store, send and receive crypto over the internet.
Trust wallet is essentially that, a hot wallet that allows you to access decentralized applications, trade, and store your crypto all in one place. Whether you want to access a decentralized exchange, send crypto to a friend, or trade for another cryptocurrency, Trust Wallet allows you to do that all in one place.
Trust Wallet is an all-in-one easy-to-use mobile crypto wallet that helps crypto holders access the full potential of blockchain technology.
Introduction
Unlike traditional financial markets, the world of crypto never sleeps. Trust Wallet understands this and is designed to allow crypto holders to manage their portfolio 24/7. The crypto market is more volatile and can change at the whim of seconds. Therefore, Trust Wallet allows you to access and trade your crypto all within the app.
Trust Wallet houses many cool features that allow the user to take advantage and unlock the full potential of decentralized finance (Defi). Users can access Defi applications within the wallet which include decentralized exchanges, credit & lending, stablecoins, and much more.
How Does Trust Wallet Work?
Users can access the fully decentralized Trust Wallet, through their phones. Trust Wallet allows you to also be in full control of your private keys. With Trust Wallet, you can store and access more decentralized blockchains and projects all the time.
Trust wallet is compatible with ERC-20, BEP-20, and ERC-721 tokens. You can use it to store cryptocurrency or navigate the decentralized ecosystem.
Features of Trust Wallet
Trust wallet includes a built-in Web3 browser that allows you to explore dApps of the decentralized internet seamlessly and safely. Since blockchain is a new and complex technology, Trust Wallet helps navigate the user across multiple Decentralized Apps(dApps), and marketplaces.
Some key features that exist in the Trust Wallet include the following:
Staking
Trust Wallet the user to stake coins within the Wallet. Users can navigate to dApps and select the ones they would like to stake their coins on.
Earn Interest
You can stake your coins or lend them out using dApps in Trust Wallet. We encourage you to research this before attempting to loan out your crypto.
Trade for other cryptocurrencies
Users can access decentralized exchanges and trade for the latest crypto or other cryptocurrencies. Trust Wallet offers the users an opportunity to explore this through the application.
Manage your Portfolio
Users can also manage their coins and make trades that correlate with their overall investment thesis.
Access other blockchains
One cool feature of this wallet is that it allows you to access different blockchains. This is great for those who want to access different projects on different blockchains.
For a full list of features and functionality click here.
How To Get Trust Wallet?
So how do you get your own wallet with Trust Wallet? Follow the steps down below.
Download Trust Wallet
First, you need to go ahead and download Trust Wallet. You can click here and it will direct you to the webpage that will allow you to download the app.
Open Up Trust Wallet
Once downloaded and installed, you are going to want to click on “Create a New Wallet”. In the next step, you will receive your 12-word recovery phrase which acts as your backup. Make sure to write this down or save it somewhere no one can access it.
Verify the 12-Seed Phrase
Before you have access to your trust wallet, you will be directed to another page that will require you to verify your 12-seed phrase. You will be prompted to place the words in the correct order.
Now you are done! Yay, you now can unlock the full potential of blockchain technology and access over 30+ blockchains including popular ones such as Ethereum, Binance, Bitcoin, and more.
Final Thoughts
Unlike traditional financial institutions, Trust Wallet allows you to manage your funds and crypto-assets all from the comfort of your smartphone. Users have complete control over the private keys and crypto.
It is important to research and make sure you are well informed of all the features and functionality of the wallet. It is also important for the crypto holder to backup their seed phrase by writing it down on a piece of paper or somewhere no one has access to it. Let us know what you think about this down below. Till next time.
Comments