What Is Trust Wallet (TWT)?

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.

Introduction

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.

What is Trust Wallet?

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.

How does Trust Wallet work?

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. DApp users can interact with the application directly on the blockchain. There is no need to sign up or login. You can use a variety of DApps, including OpenSea, PancakeSwap, 1inch, and Uniswap, seamlessly. 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 quality and security standards. These DApps are also optimized for mobile performance, so users can manage their crypto and DApps directly from their phones.

What can you do with Trust Wallet?

Trust Wallet also offers several features available natively within the Trust Wallet app:

Staking

There are multiple available staking options, including BNB, ATOM, 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). Trust Wallet charges zero fees for this service. You can also create buy and sell orders through Binance DEX.

There are also swapping options for ERC-20 tokens powered by the 1inch protocol. Alternatively, you can use AMM services like UniSwap directly from the Trust Wallet DApp browser.

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.

Where can I download Trust Wallet?

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.

What is Trust Wallet Token (TWT)?

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.

Conclusion

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.