HomeTUTORIALCRYPTO STORAGE WalletIs Trust Wallet safe? Instructions on how to create &...

Is Trust Wallet safe? Instructions on how to create & use

Trust wallet

What is Trust Wallet?

Trust wallet is a decentralized cryptocurrency storage wallet. You can use it on mobile devices and control 100% of your private key.

In addition to using Trust wallet to send, receive and store crypto assets. You can also use the dApp browser to access hundreds of dApps (decentralized applications), Staking.

Trust Wallet is also part of the ecosystem of Binance. It is the original wallet on Binance DEX allows users to trade cryptocurrencies directly on the platform while remaining in complete control of their assets.

Trust Wallet Review

This is a Multi-Function Cryptocurrency Wallet App. You can safely store your favorite cryptocurrencies on your Android and Apple devices with the Trust Wallet mobile wallet app.

With an average user rating of 4,7/5.0, you can feel confident that your digital assets have the highest levels of privacy and trust when sent, received or simply received. storage.

What Coins Does Trust Wallet Support?

With Thousands of Coins/Tokens supported. Their multicoin wallet app supports all major blockchains in the Ethereum ecosystem and works with any ERC20, ERC721 and ERC223 tokens while also providing insurance as a bitcoin wallet and can cover multiple currencies is different.

The Trust Wallet development team continues to add support for more cryptocurrencies each month, so be sure to check for updates.

In the main support list includes very popular coins such as: Bitcoin, Ethereum, Ripple, Tron, Litecoin, Bitcoin Cash,…Especially Binance Coin

Trust Wallet supports thousands of coins/token

Outstanding Advantages of Trust Wallet

  • Trade Anytime, Anywhere: you can have full custody and control of your funds while experiencing trading on Binance DEX from anywhere.
  • Easy Transactions on PC: Trust wallet's WalletConnect function makes it easy to trade on your PC, Laptop while interacting with Binance Dex.
  • As mentioned above, support 1000+ Coins and more will be added.
  • Insured by Binance if in the event of force majeure is hacked due to the fault of the wallet but not your fault.

Instructions on how to create a Trust Wallet

Download the Trust Wallet App 

The first thing is to Download the app Trust wallet on Google Play or iOS App store.

The application is in Vietnamese, so the installation process is quite simple. You just need to follow the steps they instruct.

Once downloaded, open the app and press the . button Create a new wallet.

If you already have a wallet, then select the line below to recover your wallet.

Create a Trust Wallet

 

Wallet Backup

This is a pretty important step. It will help you secure and restore your wallet on another phone if necessary.

So please pay attention to this step!

To proceed with the backup, tick the line "I understand…. my wallet” then press the . button Continue.

Trust wallet backup

At this step you will be provided with a 12-word wallet recovery phrase. You save these 12 words in order.

The safest way is to write it down on paper for offline storage, not take screenshots for security reasons.Wallet recovery phrase

Next, you verify the wallet recovery phrase again. You re-enter exactly 12 words when bouncing in order and then press the . button Tiếp theo.

If you enter the wrong order, you must re-enter it.

confirm the trust wallet recovery phrase

So that's it then. After creating, you will enter the trust wallet interface as shown below.

Trust wallet interface

 

Next, we will go through the use of the wallet.

Instructions on how to use Trust Wallet

Add coins to send and receive

By default, the wallet only shows 3 coins: Bitcoin, Ethereum and BNB. To see more, click on the sign + in the top right corner.

Enter the name of the coin you want to add in the search box, click select and you're done.

Add coins to send and receive on trust wallet

Send and receive coins on Trust wallet

To send and receive coins (cryptocurrency) on the wallet, you receive its icon. This icon appears when you added it in the step above.

The example below is how I use BTC.

Send and receive coins on trust wallet

 

  • Press the button Send if you want to withdraw bitcoin or send to another bitcoin address.
  • Press the button Receive to get your Bitcoin address (QR Code).
  • Press the button Copy to quickly copy your Bitcoin address.

Other cryptocurrencies are similar.

Staking on Trust Wallet

To Staking on Trust Wallet, go to Finance in the top corner of the screen. Next, click on the coin you want to Staking.

Staking on Trust Wallet

For example, here I choose Cosmos (ATOM) as the model.

Staking atom on Trust wallet

You press the button More then will appear menus including: Stake Details, Stake and Unstake and Claim rewards. You choose Stake to start Stake ATOM.

  • Stake Details: Information about interest and lock time,.. of the coin you are staking
  • Stake: Money transfer department for staking
  • Unstake: Stop staking
  • Claim rewards: Get rewarded from staking

Start staking atom

Next, you enter the amount you want to stake and choose validators to stake.

The default validator is the most profitable. You can choose other validators if you want. You press the button Tiếp theo to go to the next step.

Choose validators to staking on trust wallet

Finally you just need to confirm again and press the button Send done. Here because I don't have enough ATOM, I can't do it.

Note: 

  • Once you have started staking, you cannot transfer during the lock time. The number of coins will be frozen for each coin eg Tron is 3 days, ATOM is 21 days.
  • After the lock time, you will receive the Staking reward
  • If you want to continue Staking, just leave it there and receive the reward. If you want to stop, choose Unstake ok

Send shares

Web 3.0 browser on Trust Wallet

Trust Wallet has built-in 3.0 web browser to help you access the internet in a more decentralized way.

However, because of Apple's policies, Trust Wallet had to remove the Dapps browser. It is for this reason that I cannot Demo for everyone the Browser part.

Everyone is discoverable on Android devices

Transactions on Trust wallet

Trust wallet built in decentralized exchange linked with Kyber Network to trade ETH with ERC20 token and Binance DEX to trade BNB with BEP2 Token.

Part Convert then you can transfer ERC20 and BEP2 tokens. Still Exchanges similar to Binance DEX but this is the Mobile version.

Pretty convenient, isn't it?

Transactions on trust wallet

Instructions for using Dapp browser on IOS

For those who still need access to DApps 30 on iOS devices, this guide will help you get the TestFlight version of Trust Wallet that still includes the DApp browser. TestFlight 90 is an iOS application that developers use for Beta testing of applications.

Follow these steps in sequence:

Step 1: Install Test Flight

Download the Test Flight version by clicking any of the links below:

Note: TestFlight will have to be installed first to use the Trust Wallet Beta version.

You will be redirected to the Trust Wallet TestFlight page. Click “View in App Store” to install TestFlight.

install test flight

Step 2: Install Trust Wallet

After installing TestFlight, tap one of the links again to get the Trust Wallet.

Click “install” , then wait for the installation to complete.

install trust wallet

Step 3: Launch Dapp browser

Click “Open“to launch the app. Create or Import a wallet. You have then restored the DApp browser on your iOS device.

start dapp browser

note Finally, always make sure you have a backup of your wallet.

Some frequently asked questions

? Is Trust wallet safe?

Yes! Trust Wallet is a decentralized wallet, you have full control over the private key. So no one can access your account without the private key.

✔️ How to secure Trust wallet

  • Do not download trust wallet apps from untrustworthy sources
  • Do not install apps on rooted devices
  • Do not install malicious software on your phone
  • Save recovery phrase offline (write it down)
  • Do not reveal your recovery phrase or secret key to anyone

? How to restore Trust wallet

When you change or lose your phone, you can recover it by selecting “I have a wallet” when you first download the application. Next, enter the saved 12-word recovery phrase and you're done.

Conclude

It can be said that this is also a very good choice if you intend to find a Bitcoin wallet or a ripple wallet or standard coins. ERC20 best, can replace wallet Myetherwallet.

Security And Safety is always the #1 priority when you enter this cryptocurrency market.

In addition, on our site there are many different types of wallets, you can refer to the section Virtual Currency Wallet.

Good luck!
blogtienao watermark1

4.9/5 - (14 votes)
Virtual Currency Bloghttps://blogtienao.com/
Hi, I'm Hen Vai, Founder of Blogtienao (BTA), I'm very passionate about community, that's why blogtienao was born in 2017, hope the knowledge on BTA will help you.
- Advertisement -