What is Trust Wallet? (2024)

Web3

Published on: Jun 28, 2024

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In Brief

Discover how to use Trust Wallet, the secure and user-friendly crypto wallet. Learn how to buy, deposit, and withdraw crypto with Trust Wallet app and browser extension.

Trust Wallet is a secure self-custody crypto wallet where you can buy, sell, store, swap, and manage their cryptocurrencies, meme coins, NFTs, and more. Whether through its robust mobile application or convenient browser extension, Trust Wallet empowers you to buy, deposit, and withdraw cryptocurrencies with ease.

This article explores Trust Wallet, guiding you through its functionalities, including how to withdraw from Trust Wallet, and how to deposit to Trust Wallet. Discover how Trust Wallet simplifies the complexities of crypto management while prioritizing security and user experience.

Origin Story of Trust Wallet

Trust Wallet was founded in 2017 by Viktor Radchenko, a software developer with a vision to enhance the accessibility and security of cryptocurrency management. Initially developed as a mobile wallet for Ethereum and ERC20 tokens, Trust Wallet quickly gained popularity for its user-friendly interface and robust security features.

In 2018, Trust Wallet was acquired by Binance, one of the world's largest cryptocurrency exchanges, further solidifying its position as a trusted platform in the crypto community. Trust Wallet has since become an independent entity, and has been downloaded more than 100 million times, and supports 10M+ crypto assets across 100+ blockchains.

Mission and Vision of Trust Wallet

Trust Wallet makes it easier and safer for millions to access Web3. Since 2017, Trust Wallet's mission has been to simplify and democratize crypto, ensuring accessibility for everyone. By building the foundations for the future of the free web, Trust Wallet aims to give everyone the freedom to truly own their digital assets.

Trust Wallet's vision is to become the most trusted hub for Web3 experiences, setting the standard for trust in the decentralized ecosystem. Trusted by over 100 million people, Trust Wallet strives to create a seamless Web3 hub and an open ecosystem that empowers individuals worldwide.

How Does Trust Wallet Work?

Trust Wallet is a popular mobile crypto wallet that enables you to store, send, receive, and manage a wide variety of digital assets, including Ethereum, Solana, Bitcoin and many others. Here's a breakdown of its core functionalities:

• Multi-coin wallet: Trust Wallet supports a massive range of cryptocurrencies and tokens (over 10 million across 100+ blockchains). This makes it a one-stop shop for managing your crypto portfolio.

• Self-custody: Trust Wallet is a non-custodial wallet, meaning you hold the private keys to your crypto. These keys are like passwords granting access to your funds. Trust Wallet encrypts them for security and generates a recovery phrase (a set of 12 words) for backup. Safeguard this phrase as it enables you to restore your wallet if you lose your device.

• Sending and receiving crypto: Trust Wallet provides a user-friendly interface for sending and receiving crypto. You can easily generate your wallet address to receive crypto and copy recipient addresses to send it out.

• Swaps between networks: Trust Wallet offers a convenient in-app exchange service for swapping cryptocurrencies directly within the wallet. This eliminates the need to transfer funds to an exchange platform for trading.

• Security features: Trust Wallet prioritizes security with features like passcodes, biometric authentication, and optional secure element support for additional private key protection.

Trust Wallet functions as a secure and versatile hub for managing your crypto holdings across multiple blockchains. Remember, keeping your recovery phrase confidential is essential for maintaining control over your crypto assets.

How to Use Trust Wallet

Trust Wallet offers versatile tools for managing cryptocurrencies and interacting with decentralized applications (DApps), providing users with a seamless experience across different platforms.

Trust Wallet Mobile App

1. Create your wallet: Start by downloading the Trust Wallet app from your app store. Follow the setup instructions to create a new wallet, ensuring you securely store your recovery phrase.

2. Manage your assets: Once your wallet is set up, you can manage various cryptocurrencies directly within the app. Send, receive, and store digital assets securely with local storage of private keys.

3. Security features: Utilize biometric authentication (fingerprint or face ID) and other security measures to protect your funds. Trust Wallet ensures robust security with encrypted backups and enhanced privacy controls.

4. Explore DApps: Explore decentralized applications (DApps) seamlessly integrated into Trust Wallet. Access decentralized exchanges (DEXs), DeFi platforms, and other blockchain-based services directly from your wallet.

Trust Wallet Browser Extension

1. Install the extension: Install the Trust Wallet browser extension compatible with your preferred browser. This extension enhances accessibility by enabling you to manage your crypto assets from your desktop.

2. Connect your wallet: Connect your Trust Wallet app to the browser extension to synchronize your assets and transactions. Enjoy the convenience of managing cryptocurrencies across multiple devices securely.

3. Browse and interact: Browse supported DApps and interact with decentralized services directly through your browser. Trust Wallet’s extension supports a wide range of functionalities, including trading and accessing DeFi protocols.

Trust Wallet’s intuitive interface and robust features make it an essential tool for both beginners and experienced users seeking to navigate the world of cryptocurrencies and decentralized finance (DeFi) effortlessly.

How to Deposit Crypto to Your Wallet

You can easily also deposit crypto from another crypto wallet or from a centralized exchange, where supported. Here’s how:

• Select “Receive” from the home screen.

• Search for your desired crypto, and select it. We use Ethereum for this example.

From here you have two options. You can either:

1. Copy your deposit address and use that on your exchange account or other wallet to send funds to.

2. Use the “Deposit from exchange” option to deposit crypto from your exchange account.

How to Buy Crypto Using Trust Wallet

You can buy crypto, including Ethereum, using Trust Wallet, via our trusted partners. Here’s how:

• Select “Buy” from the home screen.

If using the mobile app:

• Search for your desired crypto, and select it. We use Ethereum for this example.

• Choose your preferred currency, then enter the amount of ETH you want to purchase.

• Select the third party provider & payment method you’d like to use.

• Select the Buy button and complete the remaining steps.

If using the browser extension:

• Choose your preferred currency and amount, then choose Ethereum (ETH).

• Select your preferred third party provider.

• Complete the remaining steps.

How to Swap Crypto Using Trust Wallet

You can swap crypto across multiple blockchains, or within the same blockchain using Trust Wallet. Here’s how:

• Select “Swap” from the Trust Wallet home screen.

• Choose the chain in the “From” network field, then choose the token you want to swap from.

• Choose the chain in the “To” network field, then choose the token you want to swap to.

• Enter the amount you’d like to swap.

• Select “Continue” and complete the remaining steps.

How to Safely Withdraw Crypto From Trust Wallet

You can easily withdraw crypto from Trust Wallet to another wallet or to a centralized exchange, where supported. Here’s how:

• Select “Send” from the home screen.

• Search for your desired crypto, and select it. We use Ethereum for this example.

• Enter the wallet address you would like to withdraw to.

• Enter the amount you would like to withdraw.

• Select “Next,” and complete the remaining steps.

Remember, Trust Wallet lets you manage and interact with 10M+ crypto assets across 100+ blockchains. Download the latest version of Trust Wallet today.

Disclaimer: Content is for informational purposes and not investment advice. Web3 and crypto come with risk. Please do your own research with respect to interacting with any Web3 applications or crypto assets. View our terms of service.

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Note: Any cited numbers, figures, or illustrations are reported at the time of writing, and are subject to change.

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