What Is Trust Wallet (TWT)? | Binance Academy - Deepstash
What Is Trust Wallet (TWT)? | Binance Academy

What Is Trust Wallet (TWT)? | Binance Academy

Curated from: academy.binance.com

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What is Trust Wallet?

What is Trust Wallet?

Trust Wallet is a non-custodial cryptocurrency wallet software that allows you to trade various cryptocurrencies safely.

  • The program provides you with a secure access key that keeps your assets safe against unauthorized access.
  • Trust Wallet acts as a secure, open-source, and decentralized crypto wallet.
  • It has a wide range of functionality and allows users to access a large selection of blockchains, digital assets, and DApps.
  • Trust Wallet also has its own governance token, TWT, that allows holders to take part in key governance votes.

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How does Trust Wallet work?

Trust Wallet is a multi-coin mobile wallet that gives users access to multiple chains in one application. Unlike browser-based wallets, every blockchain is accessible from the moment you download the app.

  • Trust Wallet users have total control over their seed phrase, making the app non-custodial.
  • Another key feature for Trust Wallet users is its in-built DApp browser.

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In-built DApp browser

In-built DApp browser

Built within the Trust Wallet app is its Web3 DApp browser. This lets you interact and access DApps without leaving the Trust Wallet app.

  • DApp users can interact with the application directly on the blockchain.
  • There is no need to sign up or login.
  • You can use a variety of DApps, including OpenSea, PancakeSwap, 1inch, and Uniswap, seamlessly.
  • These DApps are also optimized for mobile performance, so users can manage their crypto and DApps directly from their phones.

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What can you do with Trust Wallet?

What can you do with Trust Wallet?

Trust Wallet also offers several features available natively within the Trust Wallet app:

  • Staking - There are multiple available staking options, including BNB, ATOM, and more, with APR up to 85%.
  • Swapping and exchangingUsers can swap between tokens within the Trust Wallet app with native cross-chain swapping.
  • PurchasingTrust Wallet enables users to purchase cryptocurrencies using fiat with six on-ramp providers.

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Where can I download Trust Wallet?

Trust Wallet is a mobile-only app available to download for iOS, Android, and Google devices.

  • You can access the official download links on the Trust Wallet website.
  • Always confirm you're using the official website when downloading any crypto wallet or crypto exchange app.

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What is Trust Wallet Token (TWT)?

Trust Wallet Token (TWT) is a governance token that lets users participate in the wallet's decision-making process. TWT holders vote on and propose in-app features, updates, and other key changes. The TWT token has a maximum supply of 1,000,000,000 TWT and exists as a BEP-20 token on BNB Smart Chain and as a BEP-2 token on BNB Beacon Chain. 

Holders can also receive discounts on DEX services and cryptocurrency purchases. You can buy Trust Wallet Token on Binance or earn it through marketing campaigns, giveaways, and airdrops held by the Trust Wallet team.

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Conclusion

Trust Wallet offers a versatile product for anyone HODLing coins, interacting with Decentralized Finance (DeFi) DApps, or even looking to buy cryptocurrencies. Much of the work in crypto adoption relies on providing straightforward, one-stop solutions, and Trust Wallet offers just that.

If you decide to buy TWT, also make sure to do your own research before making any investment.

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CURATOR'S NOTE

Trust Wallet is a non-custodial cryptocurrency wallet. Trust Wallet also has its own governance token, TWT, that allows holders to take part in key governance votes. Also, make sure to do your own research before making any investment.

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