Trust Wallet was created in 2017 by Ukrainian developer Viktor Radchenko, who emigrated to the United States in 2011 1 2 . Inspired by the potential of Ethereum rather than Bitcoin, Radchenko decided to develop a user-friendly mobile wallet for storing ERC-20 tokens acquired during the ICO 3 2 . Before creating Trust Wallet, he successfully launched the Trucker Path app for truckers and worked in the field of banking security, which helped him in developing the crypto wallet 1 4 .

In 2018, the crypto exchange Binance acquired Trust Wallet along with its parent company Six Days LLC 2 5 . Despite the acquisition, the project retained independence in development 6 . In 2022, Viktor Radchenko stepped down as CEO, handing over management to Eowyn Chen, former VP of Marketing at Binance 7 8 . Over the years, Trust Wallet has significantly expanded its functionality: in 2020, it added support for cryptocurrency staking, in 2021 it integrated with NFT marketplaces, and in 2022 it launched a browser extension 9 10 .

Trust Wallet supports an impressive number of digital assets, with over 4.5 million tokens across 65 blockchains 1 2 . The major supported networks include Bitcoin, Ethereum, Binance Smart Chain (BEP20), Solana, Polygon, Avalanche, Tron (TRC20), Cosmos, Tezos, and many more 3 4 . By default, the wallet interface displays BNB Beacon Chain, BNB Smart Chain, BTC, and ETH, but users can easily add any other supported assets 2 .

Popular altcoins in Trust Wallet include:

• ADA (Cardano)
• XRP (Ripple)
• SOL (Solana)
• DOGE (Dogecoin)
• DOT (Polkadot)
• MATIC (Polygon)
• TRX (Tron)
• AVAX (Avalanche)
• LTC (Litecoin) 2

Additionally, Trust Wallet supports NFTs and provides integration with marketplaces such as OpenSea 2 5 . To make interaction with the Web3 ecosystem more convenient, a browser extension was launched in 2022 with support for Ethereum, Solana, and all EVM-compatible chains 5 .

Trust Wallet offers a convenient staking feature that allows users to earn passive income by simply storing certain cryptocurrencies in their wallet 1 . The staking process in Trust Wallet is extremely simplified and is available directly in the application, without the need for third-party services.

Key features of staking in Trust Wallet:

• Supports 20+ cryptocurrencies for staking, including Solana (SOL), Tron (TRX), Cosmos (ATOM), Terra Classic (LUNC), Kava (KAVA), Cardano (ADA), BNB and more 2 3
• Minimum amounts for staking depend on the selected cryptocurrency (for example, for BNB – 1 coin) 3 4
• Different periods of funds locking (for BNB – 7 days) 3
• Competitive rates of return (APY/APR) that can be checked via the built-in staking calculator 3
• ETH staking capability with a minimum threshold of only 0.025 ETH (instead of the standard 32 ETH) thanks to integration with Kiln 5
• Simple process of delegating funds to validators and the ability to change validators6

Staking on Trust Wallet not only provides passive income, but also helps maintain the security and health of the underlying blockchain networks 7 8 .

Trust Wallet supports staking for a number of popular cryptocurrencies. The list of supported coins and tokens may change depending on app updates and blockchain features. As of April 2024, the following major cryptocurrencies are available for staking via Trust Wallet:

Main cryptocurrencies for staking in Trust Wallet

1. BNB (Binance Coin)
   • Network: BNB Chain
   • Blocking period: from 7 days
   • Profitability: depends on the chosen validator
2. Ethereum (ETH)
   • Network: Ethereum
   • Staking is implemented through a third-party provider (Kiln)
   • Minimum threshold: 0.025 ETH
3. Solana (SOL)
   • Network: Solana
   • Profitability: floating, depends on the total stake
4. Cosmos (ATOM)
   • Network: Cosmos
   • Possibility to choose a validator
5. Tron (TRX)
   • Network: Tron
   • Staking is implemented through delegation
6. Tezos (XTZ)
   • Network: Tezos
   • Staking via Delegation (baking)
7. Kava (KAVA)
   • Network: Kava
   • Delegating tokens to validators
8. Terra Classic (LUNC)
   • Network: Terra Classic
   • Token Delegation
9. Cardano (ADA)
   • Network: Cardano
   • Delegation to a staking pool (may not be available in all versions)

Other coins are also possible

The list of cryptocurrencies for staking may differ in different countries and for different devices. Trust Wallet is constantly expanding support for new networks and tokens, so it is recommended to regularly check the “Staking” section in the application itself or on the official website .

How to check staking availability?

1. Open the Trust Wallet app.
2. Go to the “Staking” section or select the coin you are interested in.
3. If staking is supported, a “Stake” button (or similar) will be available.

Important:

• Staking profitability and conditions may change.
• Before staking, be sure to familiarize yourself with the blocking features and risks.

Information is current as of April 2024. For the latest information, please use the Trust Wallet app and the official website.

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What are the advantages of Trust Wallet over other crypto wallets?

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In recent years, the cryptocurrency market has been actively developing, which has led to an increase in the number of solutions for storing and managing digital assets. Among the many crypto wallets, Trust Wallet stands out – a mobile application with a multi-coin and multi-chain architecture that has gained popularity due to its simplicity, security and functionality. The article discusses the main advantages of Trust Wallet compared to other leading crypto wallets, such as MetaMask, Exodus, Atomic Wallet and MyEtherWallet.

1. Multi-chain and multi-currency

Trust Wallet supports over 4.5 million tokens and works with over 65 different blockchains (Bitcoin, Ethereum, BNB Smart Chain, Solana, Polygon, Tron, Avalanche, Cosmos, etc.), which significantly exceeds the capabilities of most mobile and desktop wallets, which are limited to one or several networks. This allows the user to store almost any digital asset in a single application, without switching between different wallets.

2. Decentralized storage and security

Trust Wallet is a non-custodial wallet. The keys and seed phrase are stored only by the user, and are not transferred to servers or third parties. This completely eliminates the risk of losing funds due to hacking of the centralized service, which distinguishes Trust Wallet from a number of exchange and custodial solutions.

• The application undergoes regular security audits (including from Certik).
• Integration with biometric authentication methods (Face ID/Touch ID) for additional levels of security.
• Open-source code for mobile versions, which increases transparency and trust from the crypto community.

3. Built-in Web3 browser and dApps support

One of the key advantages of Trust Wallet is the presence of a built-in Web3 browser. This allows users to directly interact with decentralized applications (DeFi, NFT marketplaces, GameFi, DAO, etc.) from the mobile wallet without the need to install extensions or go to third-party sites.

• Integration of the largest DeFi platforms (Uniswap, PancakeSwap, 1inch, etc.).
• Support for Ethereum and EVM-compatible networks, as well as Solana, which is not available in MetaMask, for example.
• NFT storage and viewer; ability to buy, store and send NFTs.

4. Simplicity and ease of use

Trust Wallet stands out for its intuitive interface and easy registration: to get started, you don’t need to go through KYC or provide personal data. Quick launch, clear design and support for Russian, English and other languages ​​make the application accessible to a wide audience, including beginners.

5. Staking function and income services

Trust Wallet users can earn passive income through built-in staking of more than 20 cryptocurrencies (BNB, ATOM, SOL, TRX, TEZOS, ETH, etc.) directly in the application, without additional services and complex delegation procedures.

• Minimum entry thresholds.
• Transparent calculation of remuneration.
• Various options for selecting validators.

6. Mobility and cross-platform

Trust Wallet is available for Android and iOS, and from 2022, also as a browser extension for Chrome, Brave, Opera, and Edge, maximizing its use cases.

7. Regular updates and community support

Trust Wallet is backed by a large team and the support of the Binance crypto exchange, which ensures a quick response to market trends, expansion of functionality, and prompt fixing of vulnerabilities. An active community and an extensive knowledge base make it easier to resolve issues that arise.

Trust Wallet combines the best features of modern cryptocurrency wallets: multi-protocol, simplicity, security, DeFi and NFT support, as well as transparency and a large community. Thanks to these advantages, Trust Wallet becomes the optimal choice for both beginners and experienced users who want to manage digital assets conveniently, safely and efficiently.

How to Install and Set Up Trust Wallet

Trust Wallet is one of the most popular mobile cryptocurrency wallets that allows you to securely store, send, receive, and exchange thousands of digital assets and tokens across multiple blockchains. Its simple user interface, wide functionality, and open source code make it a great choice for both beginners and experienced users. This article takes a detailed look at the installation and initial setup process of Trust Wallet on mobile devices.

1. Download and install Trust Wallet

1.1. Choosing a platform

Trust Wallet is officially available for the following mobile operating systems:

• Android (Google Play or official APK from the site)
• iOS (App Store)

Warning! Never download the application from unverified third-party resources. Official links are posted on the Trust Wallet website .

1.2. Installation process

1. Open the App Store or Google Play on your device.
2. In the search bar, enter “Trust Wallet”.
3. Find the app with the shield logo (blue background, white shield).
4. Click the Install button and wait for the download to complete.

2. Creating a new wallet

1. Open the installed Trust Wallet application.
2. On the welcome screen, select “Create a new wallet” .
3. Please accept the terms of use.
4. In the next step, the application will generate a secret seed phrase (usually 12 words).

Important: The seed phrase is the main key to your funds. Write it down on paper and keep it in a place inaccessible to strangers. Never store the seed phrase electronically or share it with anyone!

5. Confirm saving the seed phrase by entering the words correctly in the required order.
6. Done! Your wallet is created.

3. Import an existing wallet

If you already have a crypto wallet supported by Trust Wallet:

1. On the start screen, select “I already have a wallet” .
2. Enter your seed phrase (12, 18 or 24 words) or use your private key file/Keystore (depending on your wallet type).
3. After successful entry, the wallet will be restored.

4. Adding and managing cryptocurrencies

• By default, the most popular coins are displayed (BTC, ETH, BNB).
• To add other tokens or networks:
  1. Click on the “Two sliders” icon in the upper right corner of the screen.
  2. Enter the token name or contract.
  3. Activate the desired asset from the list.

5. Security and additional settings

• Biometric security: In Settings, turn on Face ID, Touch ID, or PIN.
• Backup: Check your seed phrase regularly to make sure it is safe.
• Notification Management: Set up push notifications to monitor transactions.
• Change language: In the settings, you can select one of more than 40 languages, including Russian.

6. Interacting with dApps and Staking

• To access decentralized applications, use the Browser tab.
• To stake or farm, select a supported coin and follow the instructions in the Earn section.

7. Precautions

• Never share your seed phrase and private keys with anyone.
• Check the authenticity of the application before installing (look at reviews and number of downloads).
• Do not click on suspicious links, especially via e-mail and instant messengers.

Installing and setting up Trust Wallet takes a few minutes and does not require any special knowledge. But the safety of your assets depends entirely on your care when storing your seed phrase and using the device. By following the instructions above, you will be able to securely store and manage your cryptocurrencies, as well as take advantage of decentralized financial services.

What cryptocurrencies does Trust Wallet support?

With the growing number of cryptocurrencies and blockchain platforms, users increasingly value universal solutions for storing digital assets. Trust Wallet is a popular mobile crypto wallet that allows you to safely manage thousands of tokens on dozens of different blockchains. This article discusses the supported cryptocurrencies, technological features of integrating new networks, and the benefits of Trust Wallet’s multicurrency.

1. Introduction

Trust Wallet is designed as a non-custodial multi-chain wallet that provides access to cryptocurrencies and tokens on a huge number of blockchains. Its goal is to provide the user with a universal tool for storing, transferring, exchanging and staking digital assets, as well as interacting with decentralized applications.

2. Supported blockchains and coins

2.1. Main Blockchains

As of April 2024, Trust Wallet supports over 65 different networks, including:

• Bitcoin (BTC)
  The largest and first cryptocurrency in the world.
• Ethereum (ETH, ERC-20, ERC-721, ERC-1155)
  Allows you to work with ETH and all ERC standard tokens, including NFT.
• BNB Smart Chain (BEP-20, BEP-2)
  Binance network with support for native BNB and BEP-20 tokens.
• Polygon (MATIC, ERC-20)
  A popular solution for Ethereum scalability.
• Solana (SOL, SPL)
  Next generation high throughput blockchain.
• Avalanche (AVAX)
  High-performance blockchain with smart contract support.
• Tron (TRX, TRC-10, TRC-20)
  One of the largest platforms for smart contracts and DApps.
• Cosmos (ATOM)
  Ecosystem of independent blockchains.
• Tezos (XTZ)
  Blockchain with self-updating mechanism and staking.
• Fantom (FTM)
  A network focused on DeFi applications.
• Arbitrum, Optimism, Base
  Popular second-layer solutions for Ethereum.
• Dogecoin (DOGE), Litecoin (LTC), Bitcoin Cash (BCH), Dash (DASH)
  Support for classic and fast payment cryptocurrencies.

2.2. Altcoins and tokens

Trust Wallet supports millions of tokens on popular standards:

• ERC-20, ERC-721, ERC-1155 (Ethereum)
• BEP-20, BEP-2 (BNB Chain)
• TRC-10, TRC-20 (Tron)
• SPL (Solana)
• CW20 (Cosmos, Terra Classic)

The user can easily add any token by smart contract address or from the list of popular assets.

2.3. NFT and Web3 assets

• NFT (Ethereum, BNB Chain, Polygon, Solana, Avalanche, etc.)
  • ERC-721, ERC-1155, SPL and other standards.
• Interaction with decentralized applications – support for DeFi, GameFi, DAO and NFT marketplaces.

3. How to add new cryptocurrencies

Trust Wallet has a convenient asset management system:

1. In the application, go to the list of coins.
2. Use the search/settings icon.
3. Enter the token name or address.
4. Enable support for the required asset.

If the token is not found, you can add it manually via a smart contract.

4. Benefits of multi-currency support

• Universality: All major and new blockchains in one application.
• Save time: No need to install separate wallets.
• DeFi and Web3 Friendly: Easily jump between chains and interact with thousands of dApps.
• Flexible integration of new tokens: Support for manual addition and customization.

5. Trust Wallet

Trust Wallet is one of the most functional and versatile mobile wallets on the market. Users can securely store, send, receive, and stake virtually any major cryptocurrency or token, and quickly integrate new digital assets as they hit the market. This makes Trust Wallet an optimal choice for long-term storage and active management of a modern crypto portfolio.

What features does Trust Wallet allow you to manage cryptocurrencies?

Trust Wallet is a non-custodial multi-chain crypto wallet designed to securely store, manage, and exchange digital assets on mobile devices and in the browser. Trust Wallet’s popularity is due to its functional diversity, ease of use, and support for a large number of networks and tokens. This article takes a closer look at the key features of Trust Wallet that allow users to effectively and securely manage their crypto assets.

1. Creating and restoring a wallet

One of the basic functions of Trust Wallet is the ability to create a new wallet with the generation of a unique seed phrase (mnemonic phrase), which serves as the only key to access funds. The function of importing an existing wallet by seed phrase or private key from other compatible applications is also implemented, which ensures flexibility and security of asset management.

2. Storage and management of multiple cryptocurrencies

Trust Wallet supports over 4.5 million tokens and over 65 blockchains, including Bitcoin, Ethereum, BNB Chain, Solana, Polygon, Tron, Avalanche, Cosmos, and more. The app allows the user to:

• View balance for each asset
• Add and hide any supported coins and tokens
• Create multiple addresses/accounts for easy portfolio management

3. Sending and receiving cryptocurrencies

The key function of any wallet is sending and receiving cryptocurrencies . Trust Wallet provides:

• Generation of addresses for receiving funds (with the ability to copy and create a QR code)
• Possibility to choose the size of the commission when sending (depending on the network and workload)
• Tracking transaction history in the application interface
• Support for internal transfers between your wallets

4. Swap and purchase cryptocurrencies

Trust Wallet has built in a function of fast token exchange (Swap) via decentralized protocols (Uniswap, PancakeSwap, etc.) directly in the application. It is also possible to purchase cryptocurrency for fiat money using bank cards through partner services (MoonPay, Transak, etc.).

5. Integration with decentralized applications (dApps)

The built-in Web3 browser allows direct interaction with DeFi platforms, NFT marketplaces, games and other decentralized services. The user can:

• Use apps on Ethereum, BNB Chain, Polygon, Solana and other networks
• Get access to staking, farming, lending and exchange services
• Buy, send and store NFTs

6. Staking function

Trust Wallet users can delegate cryptocurrencies to staking and earn passive income. Supported assets include BNB, Cosmos, Solana, Tron, Tezos, Ethereum, and more. The app shows information about profitability (APY), block time, and allows you to manage delegation between validators.

7. View and manage NFTs

Trust Wallet supports ERC-721 and BEP-721 standards for NFTs, allowing users to view, add, send, and receive non-fungible tokens directly within the app.

8. Security and additional settings

To improve security, Trust Wallet has implemented:

• Local storage of private keys (not transmitted to servers)
• Ability to enable PIN code, Face ID/Touch ID
• Backing up your seed phrase
• Recovery and emergency access functions via seed phrase

9. Notifications and portfolio tracking

The application provides push notifications about the receipt of funds and successful transactions, and also allows you to track the dynamics of the portfolio, the cryptocurrency rate and the history of transactions.

Conclusion

Trust Wallet is a multifunctional and convenient solution for managing crypto assets. Its functions cover the entire spectrum of operations: from creating and restoring a wallet to staking, trading and interaction with Web3. With multi-currency support, a high degree of security and integration with dApps, Trust Wallet remains one of the leaders among mobile crypto wallets.

Literature:

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1. Trust Wallet Official Website
2. Cointelegraph, “Best multi-chain crypto wallets”, 2024
3. Binance Academy, “What is Trust Wallet?”, 2024
4. Messari Crypto Glossary, 2024

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