By Larry Wright
There are all kinds of people out there, some are eccentrically organized, and they don’t only follow a lifestyle that reflects the same thing, but they want complete organization and symmetry in every aspect of their lives. On the other hand, some people are all right with whatever circumstances they find themselves in, and they are not in a rush to get anywhere or to grab a handle on their agendas in life.
If you have dealt with cryptocurrencies and the crypto market in the past, then you already know how elegant this space could be, filled with opportunities and stuff that tempts you to invest your hard-earned money despite the ferocious intrusion of volatility.
The crypto market is a crazy place to be; there is no questioning that, but the opportunities that it represents for people who are organized and like symmetry and organization as compared to the opportunities present for people who don’t want anything to do with it, are more prevalent. That being said, we will be talking about Trust Wallet, which is a non-custodial crypto wallet offering new mobile solutions to your crypto storage and access-oriented aspects.
Now, this wallet is an organization-pro; it offers each and everything at the tip of your finger, right from the very comfort of your own mobile screen. You get a wide array of functionality from this wallet which basically allows you to access a wide selection of crypto assets, blockchain systems as well as decentralized apps out there.
To stretch the game even thinner, this Trust Wallet comes with its very own unique governance token. Holding that native token, TWT allows you to take part in various governance-oriented aspects of the network while at the same time being able to cast your vote. It is a decentralized wallet orchestrated by the crypto exchange Binance, which makes it even more secure and efficient in every aspect of usage there is.
Introduction to Trust Wallet
Most of the opportunities present within the crypto market are a hit and miss, which means that if you are able to approach an opportunity at the right time, then you would most likely be able to make full use of it, but if you are not then it is game over. That is why people are opening themselves up to a variety of experiences and opportunities present within the crypto market; they are checking out multiple blockchain technologies, going to and from in terms of crypto tokens to invest in, and grinding over a lot of decentralized apps in question to find the perfect one for them to use in future.
That is why these people require a simple and elegant way to access all of these settings in a singular place where everything is within reach, and they don’t have to find or look for stuff that really matters in a time of need. It can get extremely inconvenient especially if you have to look for a specific opportunity that was lost before your eyes while scrolling and did slip by, and now you are regretting it because you have no way of tracking it down again, but with the help of Trust Wallet, you would be able to do just that thus rooting out any source of the inconvenience out of the deal.
Trust wallet is extremely easy to use, provides you with every single opportunity and setting of the crypto market in a single place, and is extremely secure because it is part of the Binance ecosystem. Even if you don’t use the Binance crypto exchange for the sake of buying or selling cryptocurrencies or trading in them, you can still use the Trust Wallet powered by the same crypto exchange.
Multiple Features of Trust Wallet
Even after being launched in 2017, this Trust Wallet has received a wider userbase that continues to grow with every passing day. People don’t want things scattered off where they have to find their stuff, and that is why the Trust Wallet is such an enormous hit among people who are directly or indirectly related to the crypto market or engaging with business with the said enterprise.
People love Trust Wallet because they have got all their decentralized blockchain needs right there at the tip of their fingers. It is extremely simple to use, it is efficient and moreover, and it offers a unique interface that allows people to jump to and from multiple bulging environments, wallets, decentralized apps, and other comparable token marketplaces. It is an open-source mobile-only wallet that you can use for day-to-day uses, or you can make it your primary wallet based on your needs.
It is extremely secure, and this point has been discussed too many times within this article. You can use this wallet to either trade or stake different cryptocurrencies within it; according to a survey, about 20,000 tokens out there are compatible with this specific wallet, and it can interact simultaneously with 63 blockchain environments over there. Every major cryptocurrency, may it be Bitcoin, Ether, XRP, or any other token out there, is affiliated with this specific wallet and have no problem whatsoever when it comes to transferring stuff from one place to another.
Every transaction that you undertake using this wallet is end-to-end encrypted, which means that not even the Trust Wallet itself has access to any of the private keys, which makes this a more trustworthy choice over thousands of other competitors who might not have any regard for your privacy.
Not only this, but the wallet will never ask you to give away your personal or financial information in any potential way; this is something that they have made part of their privacy policy and part of the process when you sign up where they kind of dawn it on you that this organization never asks for any information from the end-user. This is to make sure that you don’t fall victim to any social engineering attack or phishing trap because you would have known already that Trust Wallet never asked for personal information from people at all.
How Does Trust Wallet Work?
You might be wondering if you can place multiple cryptocurrencies within the wallet at the same time, or do you have to take out the cryptocurrency which resides in the wallet to make room for new ones? This is a completely valid question, and any same user might run into this problem.
To make things easier for you and provide you with relevant information on that, this wallet is a multi-coin mobile wallet which means that you can stow away multiple tokens within the wallet at the same time; these tokens don’t have to be on the same blockchain either for them to be placed within the wallet or used in any potential activity.
This wallet comes with a professional app that you can install on your smartphones which makes it extremely easy to cater to your finances should the need to do so arises. This is not a browser-based wallet at all, and therefore all the diminishing properties and misleading services associated with those competitor wallets don’t count here.
You won’t have to switch to a virtual proxy network or a VPN for the sake of accessing multiple blockchain systems like you do when you are using a browser-based wallet because you would be able to download the authorized app for this wallet, and from there you will be able to access each and every blockchain.
Also, there is no need to add blockchains within the network manually; you won’t be redirected to a specific page where you have to manually in the details of a particular blockchain you used to do business with. Simply select the blockchain you want to interact with from the drop-down menu of the wallet, and most likely, you will be able to find the concerning blockchain right there; even if you don’t you can manually add it but only when the need arises. This wallet supports decentralized applications along with the non-fungible platforms and entities as well.
The app itself is completely non-custodial because Trust Wallet users get to have complete control over their transaction activity and other associated data. No information such as the transaction history, wallet address, or other details is shared publicly or with other users of the same wallet. Apart from storing crypto tokens, you can also store non-fungible tokens, metaverse items, or other specific elements that are associated with blockchain technology and cryptocurrencies one way or the other.
There is also a specific feature using which you would be able to view the dedicated non-fungible token art before making the purchase; this is the type of feature that is non-compliant and is not available anywhere else and certainly not among the competition of Trust Wallet. You also get access to a decentralized application browser within the wallet itself which you can use to get access to multiple decentralized apps that are either in development or are abruptly available out there for you to download.
You would get download links and various other information pertaining to those specific apps, and before you know it, you are stormed with thousands of apps that might be useful to what you do, or you might have been wanting to use these apps for a long time, but you didn’t ever get the chance to locate these apps on the Internet but with the help of Trust Wallet now you finally can.
Things that You Can Do With Trust Wallet
Apart from using Trust Wallet as merely a digital wallet to store your cryptocurrencies or performing transactions whenever the need arise, there are tons of other things that you can do with the help of this specific wallet; some of its most pristine features are presented as follows;
- Staking
First of all, you would be able to stake your tokens right from your crypto wallet. Staking works as a principle opportunity where you are able to earn some rewards by staking or committing a dedicated amount or number of tokens in your possession for a particular amount of time.
Once the contract is written and you have shown consent to proceed with this transition, you can’t back out, and your tokens will not be released until the commitment period is over. You will continue to receive rewards for the time being when your assets are committed and part of a dedicated mining pool. These awards are subjective to the total number of tokens that you wish to stake at the moment, the time period for which sticking would be commenced, and various other elements as well.
- Swapping and Exchanging
Usually, for the sake of swapping your tokens, you would have to get in contact with a particular crypto exchange where multiple transaction fees would be applicable to your request of swapping the token with some other. If this is too much for you and you want to avoid transaction fees, then you would have to look out for a particular blockchain system that allows for the swapping of tokens at the minimum possible rate. But you would have to spend a practical amount of time looking for that particular blockchain environment where this system could take place.
There is a shortcut to doing that, and it comes in the form of a Trust Wallet. Using the Trust Wallet app you can swap between multiple tokens based on the availability and type of asset that you are holding at the moment. Suppose you have Bitcoin on you presently and you want to exchange it with Ether or the other way around, all you have to do is to choose the number of Ether tokens that you wish to swap, and the app would calculate all the requirements for you to make this transaction.
You would receive an identical number of Bitcoin tokens based on the value of Ether tokens that you wish to give away. These types of transactions become seamlessly pleasant and more efficient as compared to choosing a blockchain environment that is specifically built for swapping because even if you come around that specific blockchain, you would have spent an unimaginable amount of time and your focus in doing so.
- Purchasing Products and Services
It goes without saying that by using Trust Wallet, you would be able to pay for different products and services either on or off-chain. This means that even if you have some outstanding balance regarding your Trust Wallet, then you would be able to pay for that using whatever crypto token that you presently have within the wallet.
But if that is not the case and you simply want to use your wallet for the sake of purchasing other products and services out of the blockchain domain and into the world of the internet, then that is something you can also do. There are multiple online retailers out there who now accept crypto tokens, and given the fact that you have multiple crypto tokens placed and efficiently secured within your wallet you can use those tokens for the sake of making any purchases that you want.
How to Download Trust Wallet?
As explained earlier, Trust Wallet is only a mobile app which means that it can only be downloaded on a mobile phone and is not browser friendly. This is done intentionally by the developers to limit the fraudulent activity with the app and people trying to change the source code of the app for the sake of using it for whatever malicious reasons they have in mind.
That is why the availability of the app is only limited to smartphones. This means that if you own an Android or an iOS smartphone you can use this app and can download it from the respective app stores. The links to do so could be found on the official website of Trust Wallet, but if it is too much work, then you can also visit the respective stores for your dedicated smartphone and can download the app by merely searching its name over the respective App Store.
You would be amazed to know that the Trust Wallet also features a Trust Wallet token which is a native token of this very wallet, and you can pay for transaction fees or whatever services that you have availed from this potential wallet with the help of this native token. Other than that, if you have a dedicated amount of Trust Wallet token on hand, then you can use it for governance-oriented aspects or purposes as well.
This means that by holding these tokens, you would be able to cast your vote on various dedicated matters of the Trust Wallet app itself that are of extreme importance, such as how much supply of the token should be provided or made part of the circulation or what specific update should be ruled out next and what should be its features. These are some of the things that you would be able to cast a vote for having access to Trust Wallet tokens and keeping them safe within the wallet itself.