• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    mining

    Increased Demand Requires Increase in Nodes. Here’s Everything You Need to Know About Bitcoin Mining During Lockdown

    Bitcoin wallet

    BitcoinOfficial.org- Create a Bitcoin Wallet. Official Website.

    Bitcoin price

    What Drives Bitcoin Price?

    Mining

    Railway Authorities in Ukraine Shut Down Unlawful Mining Outfit

    Bitcoin

    Economic Crises Will Not Affect Bitcoin: Ledger Founder

    Supply and Demand

    Bitcoin’s Demand and Supply Dynamics are Constant: Bitwise COO

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    price prediction

    Bitcoin, Ethereum, and Ripple Price Prediction in June 2020

    XTZ

    TEZOS (XTZ) Join the Top 10 Crypto Coin List

    MakerDAO

    MakerDAO to Implement New Security Feature After Loophole Detected in System

    BCH

    BCH Successfully Completed a Scheduled Fork, Added Minor Upgrades

    CUSD Stablecoin

    Canadian BVCI Launches Another Stablecoin CUSD

    EOS network

    EOS Network Is Running on Borrowed Resources After EIDOS Airdrop

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    How to Make the Right Decision before Investing in Crypto

    How to Make the Right Decision Before Investing in Crypto

    Decentralized Marketplace

    What are Decentralized Marketplaces?

    Cryptocurrency is Here to Stay

    5 Reasons Why Cryptocurrency Is Here to Stay

    Web3 Pets

    Spotlight on Web3 Pets – Will 2023 Be Their Year?

    Crypto Swapping

    A Definitive Guide on Swapping Cryptocurrency

    crypto casino games

    What Are the Most Profitable Crypto Casino Games?

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Trust Wallet Review | Key Features, Pros, and Cons

Anca F. by Anca F.
February 10, 2022
in Crypto 101, Wallets

In today’s Trust wallet review, we will be looking into the features, security, advantages, and disadvantages offered by the popular crypto wallet, Trust Wallet.

Trust Wallet Review |

Binance's Trust Wallet Introduces New Feature To Connect Crypto ...

Trust Wallet is a multi-crypto wallet created for mobile use, from which you can send, receive, and store various coins and Ethereum-based tokens.

The wallet was launched in 2017 by a company called Six Days LLC., by Viktor Radchenko, who wanted a wallet that would be compatible with all ERC20 tokens.

The Trust Wallet is light and fast, as it was written in Java for Android and Swift for iOS. At the time of its launch, it was regarded as a one-of-a-kind wallet.

The wallet later integrated DApps to enable user interaction with tokens, launching another native solution to facilitate wallet-dapp connectivity.

Through its partnership with the Kyber Network, the wallet integrated a decentralized exchange and a Web3 browser. Android users can directly purchase coins from their wallets through Coinbase, Shapeshift, or Changelly.

In July 2018, Trust Wallet was acquired by Binance, becoming the official wallet of the exchange. It received native support for Binance DEX and Binance Chain in Q1 2019, as well as ETC/POA DApps support.

They later integrated a DApp Browser, which uses the Web3 browser. The DApp Browser is an open-source repository where dapps can be listed by developers. Users of the wallet are also able to perform instant trades on the Binance, as you can see in this Trust Wallet review.

Supported Currencies and Available Countries

The wallet supports a lot of blockchains and assets. Trust wallet initially supported only Ethereum ERC20 and ERC223 tokens, but now it has expanded its list to include Bitcoin, XRP, Monero, Binance Coin, Stellar Lumens, Zcash, Dogecoin, Bitcoin Cash, Dash, Litecoin, and others.

Here are a few other altcoins that can be used with the wallet:

  • Tezos (XTZ)
  • Cosmos (ATOM)
  • VeChain (VET)
  • Wanchain (WAN)
  • ICON (ICX)
  • TomoChain (TOMO)
  • Zcoin (XZC)
  • Aion (AION)
  • Ontology (ONT)
  • Groestlcoin (GRS)
  • Qtum (QTUM)
  • Ravencoin (RVN)
  • Zilliqa (ZIL)
  • Waves (WAVES)
  • Aeternity (AE)
  • Decred (DCR)
  • Algorand (ALGO)
  • Digibyte (DGB)
  • Nano (NANO)

There are no restrictions based on geographical location unless it is illegal to hold crypto in your country’s jurisdiction. There is also a staking feature enabled in the wallet for the following coins: VeChain, Tron, Callisto, TomoChain, Tezos, Cosmos, IoTeX, Algorand, and Digibyte.

Trust Wallet Compatibilities

We can say in this Trust wallet review, that it can be installed on mobile devices that have Android 6.0 and higher, or iOS 13.0 and up.

User Interface and Experience

The wallet has a clean and simple interface. The color scheme of the layout is pleasant to the eye, and the features are all comprehensible, as everything is explained in simple terms without getting too technical.

You can easily navigate to and from the homepage and the other features of the app. It has also integrated live prices onto the homepage, which shows the current prices of the crypto market.

How to Get Trust Wallet

  • Access your respective app’s store and download the Trust Wallet app for your Android or iOS version.
  • Run the app after downloading is complete.
  • After installation, you will have to either create or import a wallet.
  • If you create a new wallet, you will have to select 12 words as your seed phrase.
  • Write down the phrase and store the paper safely.
  • Click on the checkbox that reads, “I understand that if I lose my recovery words, I will not be able to access my wallet.”

How to Use Trust Wallet

Depositing crypto to your wallet

  • Log into your wallet;
  • Tap on “Receive;”
  • Scan the QR code or copy your wallet address;
  • Paste this address into your external wallet in the section which requires a receiver address;
  • Go to the “Transactions” tab to view if your transactions have been completed.

Sending crypto

  • Open your wallet;
  • Tap the “Send” button;
  • Copy and paste the recipient’s wallet address in the blank field or scan the QR code;
  • Type in how much you want to send and tap “Next;”
  • Check the transaction details;
  • Tap “Send.”

Trust Wallet Fees

Trust Wallet is free for download on both Google Play and Apple’s App Store, and the wallet does not charge any fees for its services.

You will have to pay the network fees when transferring crypto to other wallets or exchange accounts. The fee can be adjusted according to three categories Cheap, Regular, & Fast. Keep in mind that these fees are variable and charged by the blockchain, not Trust Wallet.

Payment Methods

The in-built exchange of the wallet allows you to use your credit card to buy crypto from Coinbase.

Security Features

Trust wallet is a non-custodial wallet, which means that none of the users’ keys can be accessed by anyone other than the owner. The keys never leave the users’ devices.

In order to recover your funds in case something happens to your wallet, the wallet provides a backup feature.

You do not have to offer any personal details when you download and create a new Trust Wallet account, and the team behind the app claims none of your personal data is recorded. The code is also open-source, meaning it can be reviewed by any developer, and it can be subjected to audits by security experts.

There is also the option to enhance account security by enabling various biometric marker systems for authentication, such as fingerprint scanning or PIN.

Related image

Customer Support

Trust Wallet’s customer support can be reached by sending a ticket. Users can contact the support staff about any issues or questions related to wallet functionalities, promotions, app issues, and other matters. The support response has been rated to be rather slow in the past, but there have been some improvements lately.

Trust Wallet Reputation

The app was rated 4,5 stars out of five on Play Google from 52,836 votes, and 4,8 stars on Apple Store from 9,132 votes. The app is rated positively, with the Trust team responding to all critiques in both comment post sections of Google Play and Apple Store.

Trust Wallet Review: Verdict

Trust Wallet is a simple and secure multi-crypto wallet that incorporates a variety of features, such as Dap interactions, Web3 browser, Dapp Browser, and in-built exchange. Binance, the top exchange in the crypto world, has deemed it to be the most secure crypto wallet in the industry and made it its native wallet.

Featured image: Coin Rivet

The Review

Trust Wallet Review

4.6 Score

Trust wallet is a non-custodial wallet that has a clean and simple interface. It supports a wide array of coins and plenty of features. The wallet doesn't require 2-factor authentication.

PROS

  • Safe and secure
  • User friendly
  • Supports a wide array of coins
  • Supports plenty of features: Dapps, Web3 browser, in-built exchange
  • Non-custodial
  • Binance native wallet

CONS

  • No 2-factor authentication

Review Breakdown

  • Supported Currencies
  • Rates and Fees
  • Security
  • Transaction Speed
  • Ease of Use
  • Customer Support
Tags: Binance official walletcrypto walletTrust WalletTrust Wallet review
Previous Post

Node Creation Without Coding or Programming Using the Helious Deployer

Next Post

What Is Metaverse? Beginner’s Guide

Anca F.

Anca F.

Invest at your own risk notice : The information on this website and the links provided are for general information only and should not constitute any financial or investment advice. We strongly recommend you to conduct your own research or consult a qualified investment advisor before making any financial decisions. We are not responsible for any loss caused by any information provided directly or indirectly on this website.

Related Posts

How to Make the Right Decision before Investing in Crypto

How to Make the Right Decision Before Investing in Crypto

by Hellen
January 18, 2023

Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) are some of the cryptocurrencies widely reported in the media....

Decentralized Marketplace

What are Decentralized Marketplaces?

by Hellen
January 16, 2023

A decentralized marketplace is a network where trade and transactions take place independently and transparently.  This ecosystem offers minimum transaction...

Cryptocurrency is Here to Stay

5 Reasons Why Cryptocurrency Is Here to Stay

by Hellen
January 11, 2023

Cryptocurrency is changing the way we think about money and the economy. We will explore five reasons why cryptocurrency is...

Web3 Pets

Spotlight on Web3 Pets – Will 2023 Be Their Year?

by Hellen
January 10, 2023

Web3 pets have come to revolutionize the idea of owning a pet while bringing color, fun, and possibly some crypto...

Crypto Swapping

A Definitive Guide on Swapping Cryptocurrency

by Hellen
December 21, 2022

If you’re new to crypto or have heard about swapping but don’t know how to do it, this definitive guide...

crypto casino games

What Are the Most Profitable Crypto Casino Games?

by Hellen
December 8, 2022

In this article, we will talk about what crypto casinos are, how they work, and what are some of the...

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

Guides & Reviews

How to Make the Right Decision before Investing in Crypto

How to Make the Right Decision Before Investing in Crypto

January 18, 2023
Decentralized Marketplace

What are Decentralized Marketplaces?

January 16, 2023
Cryptocurrency is Here to Stay

5 Reasons Why Cryptocurrency Is Here to Stay

January 11, 2023
Web3 Pets

Spotlight on Web3 Pets – Will 2023 Be Their Year?

January 10, 2023

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.