Digital currency continues to be more special in the lives of the investor. However, it is also becoming the prey of scammers. However, there is one element that could help you achieve safety. We are talking about the Trust Wallet. It is a mobile cryptocurrency wallet. Moreover, this holds the capacity to support up to 160 digital assets so that the users can stake their coins to gain interest. The best aspect about the Trust Wallet App is that it includes a Web3 browser. So, any user can access the decentralized application that one can find on the Ethereum platform.
A study has shown that scammers stole up to 1 billion worth of digital currency in 2020. So, one should take it as a serious issue and do what is necessary to save their assets. Today we will provide you with an honest overview and our two cents on Trust Wallet.
What Do We Understand By Trust Wallet?
In easy words, Trust Wallet App is a cryptocurrency wallet that you can operate even via your mobile. It holds the capacity to support up to 160 digital assets. With the lucidity of the application, you can stake your coin to gain a huge amount of interest. Moreover, the fact that it includes a Trust Wallet Browser allows the user to access the decentralized applications (DApps) on the Ethereum platform.
Although it is now a digital wallet, it started its journey to carry only ERC20 and ERC223 tokens. However, now it holds tokens on Blockchains as well. It even includes Bitcoin. One can get it through the Trust Wallet’s partnership with the Kyber Network’s native decentralized exchange (DEX). One can download the Trust Wallet App on their iOS as well as Android device.
Furthermore, the versatility of the application comes from the fact that the developer wrote the code in native languages. They have used Swift for iOS and Java for Android. Hence, the software has found compatibility with all iOS 10.0 and later devices. Additionally, Android 5.0 and later devices can download the app as well.
The Much-awaited Overview
Generally speaking, the Trust Wallet software enables the user to change a variety of different digital currencies. With it, you can protect the key that safeguards your crypto assets from any unauthorized access. With that, you will also be able to support multi-coin transactions as well. So, it is safe to say that it will allow you to buy and exchange thousands of coins and blockchain types.
The app allows you to buy coins with your credit card as well. Meanwhile, there is no restriction when it comes to downloading it on a device. IOS, as well as android devices, are compatible with it. The code of the app is wholly open-source. Hence, anyone who wants to tinker around the hood can do so without worry. Another important aspect of the app is that it focuses on the user’s privacy and protection.
When you create a new account on the application, you will not need to insert the KYC. However, in addition to this, it is a non-custodial wallet so it hardly stores any user data. It also makes it easier for users to keep their private keys on their devices than on Trust Wallet’s servers. With that being said, the answer to the question “Is trust wallet safe?” has been answered.
Trustworthy Features of Trust Wallet
Simple interface
The application has a simple yet futuristic interface which makes the user easily download, install and use it. Over the years, the app has gathered up to 5 million users. Although a much-deserved recognition goes to Binance. The app will only grow through collaboration.
Free! Free! And Free!
The app has no upfront charges or subscription services. The only costs that come up are the gas fees for the transaction processing. However, these few often go to the miners or the proof-of-stake chains. Nonetheless, you can use it without worrying about excessive charges.
Secured and Safe
One of the main reasons why the app has up to a 5 million user base is because it is safe and secure. It has included additional security measures. These measures include fingerprint scanning or pin codes that ensure the safety of accession.
Although there is no option for two-factor authentication at the time, there are talks of it. Furthermore, there is a private access key that you can use. It will ensure that only you and you alone have the access to your sensitive financial assets. So, Is trust wallet safe? The answer is, yes.
Supports Many Cryptocurrencies
There are multiple cryptocurrencies available today. With the help of the Trust wallet, you can support a large number of them. It will help you buy, sell, swap various coins, blockchains, and other digital assets. Moreover, you can gain a full management system via the app.
Chance To Gain Interest
You can gain interest by stacking them at a variable interest rate. Furthermore, with the help of the program, you can avail of validated proof-of-stake (PoS) certification. So, you can collect interest in your digital resources.
Apart from this, you can avail of the opportunity to have a credit card exchange, decentralized app services, and an efficient backup system.
The Final Verdict
Trust Wallet is the brainchild of Victor Radchenko. He is a Ukrainian software developer who took an interest in digital currency. Viktor started making an app for accumulating ICOs. However, in a short time, the functionality of the app attracted thousands of users. It collaborated with Binance in 2018 and made it big. With a simple interface and exciting features, it will surely go big.
Ending Note
The Trust Wallet app is the next big thing that will hold any unauthorized system away from your asset. After going through this review, make sure that you download the app.
Meta: Trust Wallet is a mobile cryptocurrency wallet. You can download the app on your device to trade multi-coins easily. Click to read more!
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