TL;DR
Trust Wallet is a non-custodial, mobile cryptocurrency wallet founded in 2017. It has a wide range of functionality and allows users to access a large selection of blockchains, digital assets, and DApps.
Trust Wallet also has its own governance token, TWT, that allows holders to take part in key governance votes. Trust Wallet is the official decentralized wallet of Binance, making it a safe and secure option for users.
As more people use cryptocurrencies and decentralized applications (DApps), it's become increasingly important to have a simple way of accessing them. Whether you're interested in investing, payments, or DApps, having many solutions for different activities can get inconvenient fast.
That's where an easy-to-use, all-in-one package like Trust Wallet helps. As part of the Binance ecosystem, Trust Wallet is a solid recommendation for Binance users. It's also one of the most popular cryptocurrency wallets available, with over thirty million downloads.
Trust Wallet was launched in November 2017 by Viktor Radchenko and immediately gained a large user base. Binance purchased Trust Wallet in 2018, and Eowyn Chen, former Binance Marketing VP, took over as CEO in early 2021.
Trust Wallet acts as a secure, open-source, and decentralized
crypto wallet. You can use Trust Wallet to access over 20,000
Ethereum-based and EVM-Compatible tokens, 63
blockchains, and over one million crypto assets, including
Bitcoin (BTC), Ether (ETH),
BNB,
BUSD, and
Tether (USDT).
Trust Wallet has maintained its key principles of never having access to users' wallets, holding
private keys, or requesting personal information.
Trust Wallet is a multi-coin mobile wallet that gives users access to multiple chains in one application. Unlike browser-based wallets, every blockchain is accessible from the moment you download the app. There's no need to add in a blockchain's specific details to begin making transactions or interacting with
Decentralized Applications (DApps).
Trust Wallet users have total control over their seed phrase, making the app
non-custodial. You can also store Ethereum and
BNB Smart Chain (formerly Binance Smart Chain)
Non-Fungible Tokens (NFTS) within the app and view their associated art. Another key feature for Trust Wallet users is its in-built DApp browser.
In-built DApp browser
Built within the Trust Wallet app is its
Web3 DApp browser. This lets you interact and access DApps without leaving the Trust Wallet app or needing to connect with a desktop device. You can easily use a variety of DApps, including OpenSea,
PancakeSwap, 1inch, and
Uniswap, seamlessly and safely. For a time, Trust Wallet was one of the only mobile wallets that offered the feature.
To further improve user safety and security, Trust Wallet's Trust's DApp Marketplace provides a selection of vetted DApps that meet rigorous quality and security standards. These DApps are also optimized for mobile performance, a common problem for users who prefer to manage their crypto and DApps via their phones.
Trust Wallet also offers several features available natively within the Trust Wallet app:
Staking
There are eight available
staking options, including BNB,
ATOM,
LUNA, and more, with APR up to 85%. Your actual returns will depend on the validators and staking opportunities available at the time, with more to be added.
Swapping and exchanging
Users can swap between tokens within the Trust Wallet app with native cross-chain swapping. These services are powered by Binance DEX and 1inch and allow you to trade assets between networks seamlessly.
For example, you can swap
BEP-2 tokens for
BEP-20 (BNB Beacon Chain to BSC and vice versa) or
ERC-20 tokens. Trust Wallet charges zero fees for this service. You can also create buy and sell orders through Binance
DEX.
Purchasing
Trust Wallet enables users to purchase
cryptocurrencies using
fiat with six on-ramp providers. You can buy over 40 cryptocurrencies directly in the app with your credit or debit card, Apple Pay, Google Pay, or bank transfer.
Trust Wallet is a mobile-only app available to download for iOS, Android, and Google devices. You can access the official download links on the
Trust Wallet website. Always confirm you're using the official website when downloading any crypto wallet or crypto exchange app.
Trust Wallet Token (TWT) is a
governance token that lets users participate in the wallet's decision-making process. TWT holders vote on and propose in-app features, updates, and other key changes. The TWT token has a maximum supply of 1,000,000,000 TWT and exists as a BEP-20 token on BNB Smart Chain and as a BEP-2 token on BNB Beacon Chain.
Holders can also receive discounts on DEX services and cryptocurrency purchases. You can
buy Trust Wallet Token on Binance or earn it through marketing campaigns, giveaways, and airdrops held by the Trust Wallet team.
Trust Wallet offers a versatile product for anyone HODLing coins, interacting with Decentralized Finance (DeFi) DApps, or even looking to buy cryptocurrencies. Much of the work in crypto adoption relies on providing straightforward, one-stop solutions, and Trust Wallet offers just that. If you decide to buy TWT, also make sure to do your own research before making any investment.
