Trust Wallet Review
Introduction Trust Wallet
TrustWallet Software is one of the best mobile cryptocurrency wallet software that focuses on simplicity and ease of use, allowing you to manage, store and exchange various cryptocurrencies with high security and safety. This program protects your assets against unauthorized access by providing a secure access key and full control over private keys. Trust wallet can be installed and used on phones with IOS and Android operating systems. In this article, we are going to teach you how to download, create an account and how use the Trust Wallet, but before that, we will introduce the features and how this wallet works.
How Trust wallet works
The Trust wallet was purchased by Binance Exchange in 2018 and is now known as the official Binance wallet. Another feature is its decentralization and lack of control over users’ private keys. Like a bridge, this wallet connects two unique fold blocks through nodes.
Trust Wallet Features
In addition to sending, receiving and storing a wide range of cryptocurrencies and the items mentioned so far, it has many other features that include:
1- Buy currency
This wallet has several payment networks such as Wyre, MoonPay, Simplex and Mercuryo. These payment networks, by integrating their service with Trust Walt software, have made it possible to purchase cryptocurrencies; So users can buy Bitcoin, Ethereum and many other currencies using credit cards.
2- View prices instantly
In addition to the previous features, it allows users to instantly view Bitcoin, Ethereum, Altcoins and ERC 20 tokens. It is also possible to check the market value, price schedule and trading volume through this software wallet.
3- Swap and Exchange
TrustWallet has the ability to swap, convert or exchange cryptocurrencies. With the swap feature, users can exchange different tokens from different networks. Users can change their currency password at any time easily and without the need to complete any forms and customer authentication.
4- Earn profit by buying cryptocurrency
The unique feature of this wallet is different from other multi-currency wallets. Instead, buying a currency code and keeping it in this wallet benefits users. This feature works almost like a bank account. At present, trusting currencies such as Theron, Tezos, Vechain, Callisto, Kava, Tomochain, Lutex and Algorand’s Wallet only benefit users.
5- Browser for DApps
Trust Walt’s software wallet has a useful browser. This browser helps you find businesses and vendors that accept cryptocurrencies to sell their products and services.
6- Secure access
By providing a private key, it reassures its users that they are the only people who will have access to their financial assets.
Benefits of Trust Wallet
- Buy Bitcoin in less than 5 minutes
- The control of private keys is the responsibility of the user.
- Ability to earn profits from the currency code in the wallet itself
- View collectibles, NFT tokens, etc. in one place
- Crypto conversion and exchange without the need to exit the program
- Secure storage of currency and protection against hackers
- Dedicated wallet of Binance Exchange
Disadvantages of Trust Wallet
- Lack of support for two-factor authentication
- No version of Windows and desktop
- Not as secure as a hardware wallet
Currencies supported in the Trust wallet:
Trust wallet supports all ERC20, ERC223 and BEP20 tokens. So with TrustWallet you can save a wide range of currencies. Considering the multiplicity of ERC20 and BEP20 tokens, as well as Trust Wallet support for several dozen different Chinese blocks, the developer claims that the number of cryptocurrencies supported by Trust Wallet is over 1 million. As the most important cases, we should mention the following currencies:
- Bitcoin (BTC)
- Ethereum (ETH)
- Binance Coin (BNB)
- Litecoin (LTC)
- Ripple (XRP)
- Polkadot (DOT)
- Stellar (XLM)
- Dogecoin (DOGE)
- Zcash (ZEC)
- Dash (DASH)
- TRON (TRX)
- Tezos (XTZ)
- Cosmos (ATOM)
- Bitcoin Cash (BCH)
- Ethereum Classic (ETC)
- Nano (NANO)
- VeChain (VET)
- Coffee (KAVA)
- Aion (AION)
- Theta (THETA)
- Ontology (ONT)
- Qtum (QTUM)
- IoTeX (IOTX)
- Zilliqa (ZIL)
- Algorand (ALGO)
- Near (NEAR)
- Digibyte (DGB)
- Harmony (ONE)
You can visit trustwallet.com/assets to see all the coins and tokens supported in the trust wallet.
Check the security of the Trust wallet
Compared to other similar wallets (software and hot), Trust Wallet has the highest level of security and will not be hacked by itself, unless the user fails to follow a series of security tips. Before further examining the security level of Trust Volt wallet, it is better to pay attention to its two very important security features.
Anonymous use (without authentication):
From the download stage to creating a new wallet and then receiving and sending the currency password, you do not provide any information. You do not even have to log in with an email or mobile number. The use of the Trust wallet is completely anonymous and your identity will not be revealed. This will ease your mind about privacy. To be on the safe side, the developer of Trust wallet is committed to never collecting user information in the background (out of sight of users).
Non-custodial:
Trust Wallet falls into the category of non-custodial currency wallets, meaning that it does not store your private keys (the password indicating your ownership of the currency inside the wallet) on an online server, and these keys are always stored in the phone memory Remain. By comparison, custodial wallets, such as centralized exchanges, hold private keys in contrast to the TrustWallet. A non-custodial wallet gives you 12, 18 or 24 words, containing all the private keys, so you can use it to recover your assets at any time.
