Trust Wallet gives you the opportunity to store cryptocurrencies securely on your mobile phone devices. Trust Wallet is not available for desktop computers and their is no website login, but will work fine running on any device that has an iOS or Android OS system.
Getting Started with Trust Wallet
To start using Trust Wallet right away, you have to head over to the Apple or Google Play store. Once you download Trust Wallet, you can proceed with giving your wallet a name. You will be given a backup phrase to write down and store for safe keeping.
Logging into Trust Wallet
Trust Wallet does not require you to login. Once you click on the icon and open the app on your phone, you are automatically connected to your wallet.
When settings up your wallet, you have the option of setting up a passcode. Because Trust Wallet doesn’t ask you to login in, setting up a passcode will help protect your wallet from unauthorized access.
You can setup a passcode by going into settings.
Connecting Trust Wallet to Binance Smart Chain and Ethereum Network
Trust Wallet is truly a big competitor to Metamask Wallet in terms of speed, flexibility, and being accessible to multiple networks at the click of a button. Trust Wallet allows you to buy, trade, exchange, and store cryptocurrencies using multiple networks.
Ethereum – One of the largest and most used blockchain networks would have to be Ethereum. The majority of all major projects are developed here and the most expensive NFTs like Crypto Punks and Bored Apes are created on the Eth chain.
Through the DApps tab, you can connect to Uniswap and purchase new tokens with Ethereum. The only downside with this network is the Gas Fees. Depending on the time of day, Gas Fees can range from $30 a transaction to $300.
Binance Smart Chain (BSC) – Binance is another successful blockchain network that has exploded in popularity in recent years. Binance as a company has a reputation of being one of the largest crypto exchanges online. Binance continues to dominate the crypto space by being the largest exchange on the market to release new crypto tokens before its competitors.
Using the DApps tab, you can connect to PancakeSwap and begin buying the latest cryptocurrencies. BNB will be used as gas on the BSC network. With Trust Wallet, it’s as simple as choosing the correct network to begin trading.
Using the DEX tab to Swap and Exchange Crypto
Trust Wallet gives you plenty of options for adding new crypto to your wallet. One of those methods is by swapping one crypto to another. For those who are looking to convert the standard BNB Token to the smart chain BNB token can easily do so with Trust Wallet.
The following networks are supported which includes ERC20, BEP20, and Polygon. That means you can buy and store tokens across multiple blockchains.
Buy Bitcoin and other Cryptocurrencies on Trust Wallet
Whether you’re looking to buy crypto for the gas fees or wanting to build your portfolio, Trust Wallet allows you to do so directly on the app. All you need is a debit card or credit card and you can start funding your wallet with Bitcoin or any of the upcoming gems.
Buying crypto on Trust Wallet is relatively easy, all you have to do is head to the Wallet tab, then click on the Buy button. Choose from a list of supported tokens on Trust Wallet. Once selected, enter the amount you want to purchase and click next. You then will be taken to a 3rd party website to complete your transaction.
After the transaction is complete, once your purchase is confirmed on the blockchain, your funds will reach your Trust Wallet.
Earn a Passive Income by Staking with Trust Wallet
Head over to the wallet tab, then at the very top of the page, select Finance. Here you will see all the available crypto that you can stake an earn a passive income from. Some of those cryptos include BNB, KAVA, ATOM, CRV, and more.
Click the token you want to stake, then click on the more button. Select Stake, enter the amount you want to use, then proceed. Your staked amount will be locked and your passive earnings will fill into your wallet. You can unstake your crypto at anytime.
In order to get started, you will first need to fund your wallet with any one of those cryptocurrencies. You can either buy crypto directly from Trust Wallet or you can do a transfer from an external wallet to your Trust Wallet.
Viewing your NFT Collection on Trust Wallet
If you purchased any NFT’s on Opensea using your Trust Wallet, you will be able to see them under the collectibles tab. You can find this tab by clicking on Wallet. At the top right of the screen, you will see a tab called Collectibles, select that.
On this screen, you will see a complete list of every NFT you own. Not only is Trust Wallet great for storing and viewing your crypto portfolio, but also keeping tabs on all the NFT’s you have purchased.
Troubleshooting Trust Wallet
Gas Fees – If you are looking to exchange one crypto to another, you have to make sure you have enough Gas that the network requires. For Example, exchanging SKL for ORN will require a certain number of ETH (gas) for the transaction to process.
Adding More Gas – You can add more Gas by buying more Ethereum. You can head to the Wallet tab, then click on Buy. Select Ethereum and proceed with the order. You can also fund your account by transferring Ethereum from a external wallet to your Trust Wallet.
What has been stated for Ethereum and ERC20 tokens applies to Binance and BEP20 tokens. You must make sure you have enough gas, in order to exchange one token for another.
Recovering Your Wallet – When you 1st setup your trust wallet, its recommended to backup your Recovery Phrase in a notebook, or note file that you can safely get to. Using this Recovery Phrase, you can restore your wallet on any device that Trust Wallet is installed.