DeFi

Trust Wallet is a noncustodial multi-crypto wallet app that gives users full control over their digital assets, from cryptocurrencies to non-fungible tokens (NFTs).

, be it hardware wallets or software wallets, to safeguard your assets is paramount. There are many crypto wallets in the market, but not all are made equal. The most frequently used is 

, but it only supports Ethereum-based tokens.

Trust Wallet supports millions of cryptocurrencies and offers features such as 

 and purchasing crypto. But is it truly secure? Read on to find out all about Trust Wallet — what it is, how it works and, most importantly, whether it’s safe to use.

 app that gives users full control over their digital assets, from cryptocurrencies to 

 (NFTs). It’s Binance's official crypto wallet, and currently supports 70 blockchains such as 

, along with over 9 million crypto assets, including NFTs. Moreover, it even includes access to 

The Trust Wallet app is free to download on Android and iOS, and 

, respectively. It has a simple, straightforward and interactive user interface, which has helped the platform accrue over 10 million active users.

Trust Wallet has also recently launched its beta version of the 

, currently available on Chrome, Brave, Opera, Edge and more for users to try out.

Trust Wallet operates on mobile devices and desktop, and every blockchain is immediately accessible upon downloading the app. All contact information is shared only between the transacting parties, and Trust Wallet doesn’t disclose users' personal information to any third party. Trust Wallet doesn’t hold users’ funds, and users hold sole access to their private keys or seed phrases.

Trust Wallet acts as a mediator helping to connect various blockchains through the use of its nodes. It has a robust mechanism for sending, receiving and storing multiple cryptocurrencies, and currently supports thousands of crypto coins.

Trust Wallet provides seamless access to various DApps built on the 

 blockchain and BNB Chain. This means that you can directly use the DApps in the Trust Wallet mobile app without having to sign in to them. The DApps are all vetted by the Trust Wallet team to ensure that only the most trusted are used. DApps supported by Trust Wallet include 

. The supported DApps are also optimized for mobile devices so that users can conveniently access them anytime, anywhere.

Trust Wallet makes it easy for you to manage your crypto NFTs and game assets. Currently, the Trust Wallet app fully supports Ethereum and BNB Chain NFTs. You can move your current NFTs to store them in your Trust Wallet account, or even trade an NFT from a supported

Trust Wallet is more than just a cryptocurrency wallet for storing cryptocurrencies. Following are four ways to use it.

Trust Wallet allows users to purchase crypto with fiat currencies. Using a credit or debit card, you can purchase more than 40 cryptocurrencies on Trust Wallet.

The fees incurred with debit or credit cards can be costly, however, so it may be better to purchase crypto directly from 

Trust Wallet even allows you to earn interest on the cryptocurrency you hold if you’re 

 from their wallet. There are numerous staking options available in the Trust Wallet app, including 

 (DEX) where you can perform cross-chain swapping. For example, you can swap BEP-2 tokens with 

 tokens. Note that trading on the Trust Wallet DEX incurs a 

 are cryptocurrencies whose value is fixed by pegging them to other assets. This keeps a coin’s value stable, regardless of the volatile crypto market’s fluctuations. For example, 

(USDC) are tokens backed 1:1 by U.S. dollars held in reserve.

Trust Wallet allows you to store stablecoins securely and conveniently. Using the Trust Wallet app, you can spend your stablecoins anywhere on anything you want, supported by 

Unlike most crypto wallets, Trust Wallet doesn’t charge any fees for swapping or other transactions. However, the blockchain on which the token resides will charge a transaction fee, known as a network fee. For instance, if you choose to transact ETH or an ERC-20 token on the Ethereum blockchain, you’ll have to pay the associated gas fees.

Trust Wallet allows you to set your own network fees so that you can manage your transactions more effectively. For an urgent transaction, you can set your network fee higher in order to process it faster, and for less urgent transactions, you can set a lower fee to save on cost.

Trust Wallet doesn’t charge any additional fees for the use of DApps. If you choose to purchase cryptocurrency with Trust Wallet, you must pay fees to third-party providers, but Trust Wallet doesn’t charge any additional fees.

The Trust Wallet Token (TWT) is a multi-purpose digital asset designed to engage Trust Wallet users and simplify crypto accessibility. Trust Wallet aims to increase crypto familiarity with the Trust Wallet Token, offering everyone an opportunity to possess their initial cryptocurrency. TWT is both a BEP-2 and BEP-20 token.

Future enhancements for TWT include the following:

The dissemination of TWT will occur through various methods, such as referral campaigns, quizzes, user assistance tips and app-related tasks like staking and trading.

There’s a total supply of 1 billion TWT tokens, with a circulating supply of 416 million and a market cap of $375 million. The tokens are distributed according to the following allocation:

If you’re looking to trade TWT tokens, you can do so in the form of the 

 on Bybit. In order to get started, you’ll first need to 

 and then fund it with cryptocurrency before navigating to the corresponding Bybit trading page.

TWT was first launched at the end of Apr 2020. Over the years, despite a number of fluctuations, the Trust Wallet Token price has experienced increasing growth, peaking at $2.72 on Dec 11, 2022. This was soon followed by a sharp drop to $1.25 by the end of December.

In recent weeks, TWT has seen an increase in its price, rising from a low of $0.71 on Jun 13 to $0.97 on Jun 22, 2023. This is likely attributed to the integration of 

 into Trust Wallet on Jun 16. Furthermore, the recent partnership established between Trust Wallet and Tezos brought much hype as the platforms held a 

 to celebrate the union. As of Jul 4, 2023, TWT’s price is $0.88. 

 2023 at $1.31 and increase to $2.89 in 2025, $8.32 in 2028 and $17.26 in 2030. This positive growth is also substantiated by 

, who believe TWT’s price will approach its previous peak at $2.01 by the end of 2023, and then increase to $3.33 in 2025, $5.01 in 2028 and $9.57 in 2030.

In case you misplace or lose your device Trust Wallet provides safe storage of 

 or recovery seed phrases for backup purposes. A recovery phrase, often referred to as a 

, is a string of random words produced by your 

 that’s used to access funds across decentralized wallets.

However, Trust Wallet is still a hot wallet, and is accordingly subject to 

. Via websites, phishers can easily steal seed phrases and gain access to a user's wallet. Due to the decentralized nature of crypto, lost funds can never be recovered. Therefore, it’s crucial never to share your seed phrase with anyone, or even make a digital copy of it, in order to avoid a permanent loss of funds. 

Unfortunately, there are also phony websites designed to resemble official wallet sites for the purpose of stealing your crypto, so 

always make sure you’re on your wallet’s official site before signing in

In addition, Trust Wallet is primarily a mobile wallet, so if you lose your mobile phone and someone hacks into it, your funds will likely also disappear forever.

: To avoid seeing your crypto wallet balance suddenly drop to zero without any warning, you may want to invest in a 

 to keep your crypto funds fully safe and secure.

Few crypto wallets can beat Trust Wallet in terms of its multi-coin support. Trust Wallet offers a range of services beyond storing your crypto, such as purchasing, staking and swapping. While it may be a versatile wallet app, it doesn’t have the most secure system. Therefore, it’s best used for transactions rather than as a means of storage.

What Is Trust Wallet (TWT) — And Is It Safe?

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