Trust Wallet for Beginners (In a nutshell)
Being new to the world of crypto means that you have to be constantly learning. And Binance’s official crypto wallet should be a priority, especially if you’re playing within the Binance ecosystem.
Trust wallet features a diverse cryptocurrency wallet software, essentially giving users a central base to access and control their digital assets. Users can buy, store, exchange, collect NFTs and earn crypto.
The Trust wallet app is available on Play store and App store for download. It currently supports 65 blockchains, and has over 4.5 million crypto assets including decentralized apps. Owing to its simple user interface, the platform attracts over 10 million users.
Trust wallet is essentially just a mediator through which users can connect to various blockchains, via its nodes. Additionally, contact info is only shared among the transacting parties, and you can be rest assured that personal info is not shared to third party users.
The platform does not actually hold users funds, and users are fully in-charge and hold access to their private keys. Upon downloading the app, users can send, receive and store multiple cryptos.
Trust Wallet also gives access to DApps anchored on the Ethereum blockchain and on Binance Smart Chain. Hence, users, can use the DApps on Trust Wallet without the necessity to sign in into them.
Furthermore, the app can also be used to manage your NFT and game assets. Trust wallet supports Binance Smart Chain and Ethereum NFTs. Users can trade NFT from a supported NFT marketplace like Open Sea and also move their NFT assets to the app.
Trust Wallet is mainly used for:
- Purchase Crypto- The platform gives users the ability to buy crypto. All you’ll need is a credit/debit card, and you’ll have access to over 40 crypto assets to purchase.
- Stake crypto- If you’re looking for a great wallet to earn an extra interest, trustwallet should be your no. 1 choice. You can get upto 11% APR on your crypto assets.
- Swap and Exchange- With Trustwallet’s decentralized Exchange cross-chain swapping is made possible. For instance, you can swap BEP-2 and BEP-20 tokens, however it will cost you some network fee.
- Spend and store stablecoins- Trust wallet is a good place to store your stablecoins and spend them where you deem fit. Holding some stablecoin will always ensure that your crypto assets remain prone to volatility.
One thing that stands out about the Trust Wallet is that it incurs zero fees on transactions and swapping. The only charges incurred are network fees, arising from the blockchain to which the transaction occurs.
To get started with a Trust Wallet, just head over to your playstore or Appstore to download.
If you’re yet to open your Binance account, open one here>>
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