Trust Wallet is one of the most used wallets in the cryptocurrency space, recording a total of over 80 million users across various countries around the world. With no payments required for usage, Trust Wallet allows for operations like sending, receiving, trading, purchasing, and storage of digital assets like Bitcoin (BTC), and Cardano (ADA), and even Non-Fungible Tokens, popularly known by its acronym NFTs!
This wallet is most recommended for users who are new to cryptocurrency, with its easy-to-navigate user interface, stocked with exciting features that will give you the best experience you can ever hope for in a cryptocurrency wallet. It was originally designed to be used on mobile devices with Android and iPhone operating systems (iOS), but the developers recently added a browser extension feature via Chrome, for use on personal computers. For the sake of ease, we will be focusing on how to use Trust Wallet on a mobile device.
Some Key Features of Trust Wallet
Token Swap: within the Trust Wallet app, quick token Swap is possible across different Blockchain networks like Ethereum and Binance Coin Blockchain networks. Due to Decentralized Exchanges backing this feature, token swaps are convenient and fast.
Staking Mechanism: users can earn rewards by staking their cryptocurrency, for instance Cardano (ADA). The rewards are calculated according to the amount of tokens staked, and also the duration set for the staking.
Supports Multiple Currencies: with Trust Wallet, users can manage and store over 6 million digital assets, this bringing versatility to their portfolios. These digital assets include Non-Fungible Tokens (NFTs) and cryptocurrencies, which range across over 68 blockchain networks.
A DApp Browser Feature: within Trust Wallet is an in-built Decentralized Application Browser, by which users can gain access to Blockchain games, platforms transacting Decentralized Finance (DeFi), and marketplaces for NFT Transaction, so they can make the most of their stay on the App.
How To Install And Use Trust Wallet
- Download the Trust Wallet
The first step of course is to download trust wallet on your mobile device. For this, click the link, and select your device operating system (Android or iOS), then install on either Google Play Store or App Store, depending on your device.
- Create A New Wallet
i. When you’re done installing the trust wallet app on your mobile device, click on the icon and a page would appear for you to “Get Started.”
ii. Click on “Get Started” and you will be directed to a page to “Create new wallet.” Click on it and you’re ready for the next step.
- Backing Up Secret Phrase
You’ll need to backup your secret phrase manually in this next step, for more security on your wallet and digital assets. If you don’t know what a secret phrase is, they are just a bunch of random words also called mnemonics needed for account recovery.
For this backup, I recommend you do it manually by writing it down on a notebook or personal journal, notepad on your device, or anything at all you think will be safe enough because losing your secret phrase is equivalent to losing your account and digital assets within!
ii. The next step is why it was important to write your secret phrase someplace safe. Here, you will be required to enter some of the secret phrases, which would be chosen at random, for further security.
- Creating A Passcode
Just like your secret phrase, a passcode is also needed for an extra layer of security for your digital assets. So, you’ll need to choose a strong six digit passcode and confirm, before proceeding to the next step.
- After you’ve created your passcode, then congratulations! You can start enjoying your Trust Wallet and its wonderful features!
Using Trust Wallet
i. Receiving Cryptocurrency
To receive cryptocurrency from another user’s wallet, click on the receive icon on the home page, then search the particular cryptocurrency you want to receive. For instance , if it’s Cardano, then search the name and you’d also see the token symbol “ADA” next to it. Copy the wallet address and that’s it!
How To Buy Cryptocurrency On Trust Wallet
- Click the buy button on the Home screen, and select the cryptocurrency you wish to buy, and the network. For instance if you’re buying Cardano, select ADA and choose the Cardano network.
- Enter the amount you need to purchase.
It supports a lot of currencies, so no matter where you are in the world, you can buy cryptocurrency as long as your country supports it!
- Trust Wallet uses third party providers like Mercuryo, Transak, and AlchemyPay, so that’s where you will be redirected to for the completion of your transaction. Trust Wallet ensures everything is made secure. You will also perform a verification process using your email, and your crypto will be sent to your wallet after it’s all done.
- Depending on the third party provider’s conditions and your location, cryptocurrency purchase limits can range from $50 minimum and $20,000 maximum. You should also note that each cryptocurrency purchase attracts a 1% fee.
Conclusion
Trust Wallet is one of the most user-friendly wallets for navigating the crypto space if you’re just getting into it for the first time. So, follow the instructions we’ve listed above and join the millions of users already enjoying the benefits of the digital world with Trust Wallet!
