With the ravishing growth of cryptocurrency, the number of traders investing in cryptocurrency is increasing every day. Unlike fiat currencies, cryptocurrencies are digital assets and are stored in crypto wallets. There are many crypto wallets available online, but it is important to choose the right one to enable a safe trade. Trust Wallet, Bitcoin’s official crypto wallet is one of the most trusted crypto wallets, where investors can store their cryptocurrencies including Bitcoin safely and securely.
New to the Trust Wallet interface, and don’t know how to use the platform? We’ll guide you, in this article, we provide complete information on how to use Trust Wallet, read our guide, and store your crypto assets in the most reliable crypto wallet.
Understanding the Trust Wallet Interface
It is a non-custodial software wallet that allows users to receive, send, and purchase cryptocurrencies securely and efficiently. By enabling an easy and safe interface, the platform offers access to a large number of digital assets and multiple blockchains. The users are given complete control over their private keys, eliminating the need to have trust in the platform. The Trust Wallet platform allows users easy access to Decentralized Finance (DeFi) and crypto assets, making crypto available for all.
Key Features
Trust Wallet’s wide popularity and acceptance among users are mainly attributed to the alluring features the platform holds. Main features of the Trust Wallet platform include,
1. Wide Range of Crypto Assets
It offers a large number of cryptocurrencies, users can make transactions of their favorite cryptocurrency. Connecting to different blockchain networks, Trust Wallet enables access to different cryptocurrencies. Users can buy, exchange, and store different digital assets using the Trust Wallet.
2. Built-in Staking Mechanism
The built-in staking mechanism of the Trust Wallet platform enables quick staking, eliminating the dependency on intermediaries. The wallet supports the staking of more than 10 popular staking coins.
3. Robust Security
The platform gives users complete ownership over their assets, eliminating the need to disclose the private keys in the platform. The strong encryption system reduces the risk of scams happening on the platform. The in-built security scanner allows users to detect potential risks while facilitating transactions.
4. Store and Manage NFTs
NFTs are gaining huge traction from investors, and Trust Wallet supports the storage of NFTs, increasing the platform’s acceptance all over the world. By supporting different marketplaces, It facilitates the trade of NFTs.
5. Access to Different dApps
The in-built dApp browser allows users to access different decentralized applications without the need to sign in to the apps. However, not all dApps are integrated into the platform, the dApps undergo a vetting process to determine the trusted apps, and only they become eligible to integrate with the Trust Wallet interface.
6. In-App Swap
The in-app swap enables the exchange of cryptocurrencies directly without the need to connect to the decentralized exchanges. Users can choose the currency and enter the amount to make a swap.
How to Use ?
It offers an easy-to-use interface, allowing both beginners and experienced traders to seamlessly interact with the platform. Below we provide you with a step-by-step guide on how to use the Trust Wallet app.
Step 1: Download the Trust Wallet mobile app
Trust Wallet apps can be downloaded from the official website. Users can choose their device type and install the app.
Step 2: Create a Wallet
After the app is installed, open the app and click on ‘create new wallet’, which allows you to create a wallet in the Trust Wallet app. You can create a passcode to secure your wallet.
Step 3: Generate Recovery Seed Phrase
After the wallet is created, the screen will display a 12-word recovery seed phrase, which is mandatory for recovering the account or moving the data to a new device. Note down the recovery seed phrases. These recovery seed phrases are quite confidential and should not be shared with anyone.
Step 4: Verify the Seed Phrase
Once the recovery seed phrases are displayed, users have to confirm them in the displayed box; tick the boxes containing each word in the proper order.
Step 5: Start Crypto Transactions
After confirming the recovery seed phrase, the account setup is completed and you will be logged into Trust Wallet, where you can begin sending and receiving cryptocurrencies. You can choose the crypto asset you want to purchase by clicking on ‘buy’, and entering the amount of crypto you intend to purchase. Review the information and press ‘confirm’. The transactions get transferred to your wallet. On the other hand, to receive crypto, users have to click on ‘receive’ and choose the crypto they want to receive. Copy the wallet address and complete the transaction through an external wallet.
In case, you have any doubts regarding how to use the platform you can utilize the community help center where you can find self-help guides that describe how to use the platform in detail.
Benefits and Limitations
Benefits | Limitations |
|---|---|
| Easy to use | Prone to phishing scams and zero-transfer attacks |
| Supports a large number of cryptocurrencies | Limited customer support |
| Users get complete control over their assets | Only mobile app |
| Access to DeFi and Web3 apps | Lacks security features like two-factor authentication. |
Is Trust Wallet Safe to Use?
It is one of the most trusted crypto wallets, it performs regular audits and utilizes robust security features to protect user assets. Users are not required to share their private keys with the platform, providing complete ownership over their assets, this eliminates the chances of exploiting the digital assets by the platform. However, the advanced technologies and scammer’s urge to break smoothly functioning networks can create a fuss in the Trust Wallet ecosystem. Avoid sharing seed phrases with others and clicking random links, which can create security risks. To ensure additional security, integrate hardware wallets into your Trust Wallet. Be vigilant about scams and frauds and report them as early as possible to nullify the impacts caused.