You must have heard about Bitcoin, Ethereum, and other types of cryptocurrencies, but how do you keep them and safeguard them? This is where you need a "crypto wallet". And one of the best for beginners is Trust Wallet. This article shows what Trust Wallet is all about and why it is one of the best options for storing cryptocurrencies.
What is Trust Wallet?
Trust Wallet is a non-custodial mobile software wallet that allows users to store their digital assets. Think of it as a traditional wallet to hold your cash and cards but for cryptocurrencies, such as Bitcoin or Ethereum. Trust Wallet also allows access to a variety of dApps (decentralized apps) with which you can trade crypto or buy pieces of digital art called NFTs.
It's pretty easy to use, and highly popular among crypto starters. More than 130 million people around the world use Trust Wallet, and it supports more than 10 million digital assets. And most importantly, it is free!
What Can You Do with Trust Wallet?
You can do a lot more on Trust Wallet than just store crypto. You can also:
Send and Receive Crypto: You can send some crypto to a friend or receive it, all in seconds using Trust Wallet.
Buy Crypto: You don't have to already own crypto to start using Trust Wallet. You can purchase some well-known coins, such as Bitcoin or Cardano, using a bank card directly in the mobile app.
Stake: Staking is supported on Trust Wallet which means you earn token rewards when you secure a blockchain network.
Swap Cryptocurrencies: Users can swap one cryptocurrency for another right in the app. For instance, you can exchange a portion of your Bitcoin for Cardano.
Browse dApps: A decentralized application, or simply a dApp, is a permissionless application that works on the blockchain. You can access all kinds of dApps right from Trust Wallet to do things like crypto trading, lending and borrowing, or buying NFTs.
How To Use Trust Wallet?
Download Trust Wallet: You download the Trust Wallet application from the App Store—iPhone— or from Google Play Store—Android.
Create Wallet: When opened, the application will ask you to create a new wallet. Trust Wallet will first generate for you what's called a "seed phrase"—12 random words. It is like a top-secret password. You cannot get back into your wallet if you lose it; so write it down and keep it somewhere safe.
Add Crypto: Once you are through with the setup, you can add coins to the wallet. You may do this by receiving crypto from a person or buy some inside the application with your bank card.
Manage Your Crypto: You can see your crypto balance in the application and send or receive crypto at any time you feel like it. You also have other options, like using your crypto to trade, stake, or even interact with decentralized apps.
Why Should You Want to Use Trust Wallet?
By this point, you have to wonder why you should use Trust Wallet as your crypto wallet. Why Trust Wallet, out of all of them? Let's see some reasons:
1) It Is Beginner-Friendly: Trust Wallet has been made for ease of use even if you've never dealt with crypto in your life. Everything in the design is clear, and you won't feel lost navigating this application.
2) It Is Safe: Trust Wallet secures your crypto because it is a non-custodial wallet. What this means is that you alone can access your crypto. You do not rely on the services of a company for safekeeping. For as long as you can keep your seed phrase private, your funds are safe.
3) It Supports Many Cryptocurrencies: Users can store many different cryptocurrencies on Trust Wallet, not just Bitcoin and Ethereum alone. It covers the popular coins down to the unknown ones.
4) It Is Free to Use: Using Trust Wallet is free. The only fees you are ever going to pay are network fees for sending crypto, which go directly to the miners and validators who keep the blockchain running—not into the pocket of Trust Wallet.
Keeping Your Trust Wallet Safe
Even with Trust Wallet being secure, you still have to take some steps towards keeping your wallet safe.
One important step in this respect is to always back up your seed phrase. The seed phrase in your wallet is something like the key to the house. Be certain you've written it down and store it somewhere safe. Don't store it on your phone or computer; those can get hacked. If possible, turn on two-factor authentication (2FA) for an extra layer of protection. It will, therefore, be more inconvenient for someone to get into your wallet if they don't have your permission.
Be aware of scams, too. Some bad eggs will be relentlessly finding ways to get your cryptocurrency. Never give anyone your seed phrase or private information, no matter how nice they may look.
Conclusion
Try Trust Wallet if you are new to crypto. It is pretty simple to use and very secure. You can also use a lot of different cryptocurrencies on it. Want to buy, store, or even earn crypto? Trust Wallet has got you covered, completely free!
With Trust Wallet, crypto is for anyone anywhere. Well, just keep your seed phrase safe, and you are literally on your merry way into exploring this exciting world called crypto!
Happy exploring, and welcome to the crypto community!
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