Trust Wallet is an open-source, decentralized, mobile crypto wallet that supports over 160K+ assets and blockchains and allows traders to stake their crypto coins to earn interest. The wallet was originally designed to hold the ERC20 and ERC223 tokens only but has now been developed to hold other leading cryptocurrencies like Bitcoin. The wallet has a built-in Web3 browser that allows users to buy cryptocurrencies through the native DEX (decentralized exchange) that operates on the Kyber Network. It also allows users to access the various DApps (decentralized applications) built on the Ethereum platform directly through the Trust Wallet app.
The Trust Wallet app can be downloaded for free from the Apple Store or the Google Play Store. It is also compatible with Android devices as its code is written in the native languages of each of the platforms; iOS Swift and Android’s Java. The application runs on iOS 10.0 versions or higher and Android 5.0 or higher.
Features of Trust Wallet
Trust Wallet offers the following core features to its users :-
Easy to Use Interface – The user interface of Trust Wallet is simple, straightforward, easy to be downloaded and installed on your mobile devices. This has helped the platform to accrue over 5 million active users to date and also bag a partnership deal with one of the leading cryptocurrency exchanges of the world- Binance.
Free Download – Trust Wallet is entirely free to download from the Google Play Store or the Apple Store. The platform also does not charge any initial fees or subscription fees for its services from its clients.
Privacy and Security – Though Trust Wallet, by its nature (being a software wallets), cannot ensure security measures as strong as hardware wallets, the platform tries to make sure that the clients’ funds are safe. It conducts regular audits via the leading security firm Stateful.
The app also employs other security measures like pin code scanning or fingerprint scanning to add an extra layer of security. These measures can be manually activated by the user by customizing the “Settings” function in the app as soon as he signs up into his wallet.
Never Stores User Information on Its Servers – Trust Wallet allows users to store the keys of their wallets in their personal computers rather than storing them on the Trust Wallet servers. This puts the users into sole responsibilities to securely store private keys.