I can’t stress enough how important it is to have the best cryptocurrency wallet for the security of your cryptocurrencies.
But finding the right wallet could be challenging for beginners, given the many options on the market. Without a doubt, hardware wallets are the safest, but you can’t have them right away.
That’s why it’s essential to have secure mobile wallets easy to use to use your crypto assets on the go.
In the past, almost all mobile wallets, whether for Ethereum or Bitcoin, have faced security issues.
Ddeveloping a safe to use mobile wallet is difficult because we are not familiar with the development of blockchain wallets. And since this is our first attempt at making such tools, mistakes are sure to happen.
But one wallet is built in style and completely safe to set a benchmark for others to come – Trust your wallet. Today we will dig it deeper based on the following points.
- What is Trust Wallet?
- Entrust wallet features
- Supported currencies
- Supported platforms
- Final thoughts
What is Trust Wallet?
Trust wallet is a secure mobile open source wallet for multiple chain blocks such as Ethereum, Solana, Bitcoin, Binance smart chain, Polkadot and others. Trust wallet is also a web3 browser that allows you to access DApps.
With Trust Wallet, you get a completely revised wallet that is competent enough to store, send and receive all supported crypto funds. Oh, and you have complete control over your private keys!
Phenomenal, isn’t it?
Trust Wallet provides a very intuitive user interface for managing and storing your Ethereum and Ethereum-based tokens. This is not an exaggeration. You can understand this with just one glance. I haven’t used this wallet yet, but my fingers are already itching because of its compact user interface, which is also packed with features.
With Trust Wallet you get bank-level security encryption, and you also have the option of PIN and biometrics to improve your security. Also, since it is a client-based wallet, you always have control over your funds.
Like modern crypto wallets, the Trust wallet is also an HD wallet where you don’t have to back up every pair of public / private keys. Instead, you can continue to use the same wallet and it will back up things in the background. But to access your wallet you need to make a backup copy of the seed.
With Trust Wallet, you also have the freedom to configure gas prices, gas limits and so you can adjust your transaction fee with these two variables. If you want to know more about gas, gas restrictions, read this: Ethereum-ether, ether gas, gas limit, gas price and fees
Support for ERC20 and ERC223 tokens is essential in modern Ethereum wallets, and the Trust wallet supports these tokens in a very simple user interface.
A decentralized exchange service is also built into the Trust Wallet so users can exchange tokens using the app.
- Watch any refrigerator wallet
With the Wallet Trust watch feature, you can see the performance of other tokens stored on the Vault or Ledger Nano S. This way you can be careful and also not risk losing your private keys since they are in cold storage.
The DApp browser is their most exciting feature. Using the Trust wallet, you can access all web3 applications, better known as decentralized applications such as Uniswap, Pancakeswap and many others. With this feature, the Trust wallet wants to create a community of decentralized applications that can be accessed through the Trust Wallet.
The Trust wallet is a complete wallet for the Bitcoin and Ethereum ecosystem. Currently, more than 20,000 tokens built through the Ethereum blockchain are available through the Trust Wallet.
Trust Wallet is ready for the mobile generation as they have support for iOS and Android for Ethereum, Ethereum tokens and other Ethereum DA apps.
How to Buy Crypto Using a Trust Wallet:
One of the nice features of Trust Wallet is; you can buy cryptocurrencies directly from the wallet itself. You do not have to use third-party exchanges such as Binance or Coinbase to purchase cryptocurrencies. The process is simple, and this image below explains how you can buy cryptocurrencies on your Trust wallet:
The purchase of cryptocurrency Trust Wallet is initiated by Moonpay, which accepts Visa and Mastercard. If you used Turst Wallet to buy cryptocurrencies, let me know your experience in the comments section below.
Note: Trust wallet also offers a token called TWT. You can read my analysis of the TWT token here.
Concluding remarks: Is Trust Wallet safe?
The trust wallet has been around for some time and is undoubtedly well tested over time so you can trust it with your funds.
Moreover, the Trust wallet has prepared a comprehensive security audit case prove your value in the market. And I will only see such a thorough security review by another mobile wallet in the cryptosphere.
However, no matter how secure a mobile or software wallet is, you should never store your wealth in it.
For this, we warmly recommend the use of hardware wallets similar to the Ledger Nano. For everyday use and access to your favorite DA apps, you can use the Trust wallet.
- Supported operating system: Android & iOS
- Built-in exchange: Popular Dapps
- Private keys: Under the control of the owner
- Price: Free to use
- Segwit enabled: Not
In the end, Binance procured a Trust wallet, which in itself speaks volumes about its quality.
I can publish it with enthusiasm @TrustWalletApp becomes a part @binance!!
Our focus and goal will remain the same – building a great product for our customers.https://t.co/Z3ghz3n0tW pic.twitter.com/jYMHOG3iX0
– Trust – Crypto Wallet (@TrustWalletApp) July 31, 2018
That’s all on my part in the Trust Wallet’s introduction. I’ll be back soon with something more interesting very soon.
I hope that this detailed analysis will help you make the right decision. Share your opinion with us in the comments below!
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Harsh Agrawal is an expert in cryptocurrencies and bots for CoinSutra. He founded CoinSutra in 2016 and is one of the most respected professional bloggers in the fin-tech space.
Award-winning blogger with 10+ years of experience. He has experience in finance and technology and has professional qualifications in information technology.
An international speaker and author who loves the blockchain and crypto world.
After discovering about decentralized finance and with his experience in information technology, he made his mission to help others learn and start that way through CoinSutra.
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