TrustWallet Review: Is It A Safe Cryptocurrency Wallet?

TrustWallet is a Mobile cryptocurrency wallet for storing Ethereum and all ERC-20 tokens. It supports Bitcoin and other coins via third-party clients such as JAXX, Jaxx, or Coinbase. TrustWallet is the official Ethereum wallet developed by BANKEX developers. Let’s review the features of TrustWallet.

TrustWallet

It is a simple and secure Ethereum mobile wallet designed to protect your privacy, it stores your private keys only on your device and provides a fully-featured interface for interacting with decentralized applications (dApps) that run on the Ethereum Network.

Key Features of TrustWallet

Buy Crypto with cards on TrustWallet

Assets 

TrustWallet is the first multi-asset wallet for Android, with assets available to users in more than 130 countries and tradable on more than 100 exchange markets. You can trade or exchange your crypto assets anywhere, anytime with this wallet. The app has some of the most robust, trusted and proven security controls on the market making it extremely simple to store your digital currency while efficiently trading them on some of the world’s largest exchanges here. 

Staking 

TrustWallet, a digital currency wallet service, has recently added the ability to stake your coins in order to increase your rewards and stake winnings. This is beneficial for users who are invested in the platform and want to take part in this new feature. In short, staking can be defined as the act of leaving a cryptocurrency on an address rather than moving it back into one’s personal wallet. The more coins you leave sitting around on your addresses with no movement from you, the higher return you will see in terms of interest earnings or conversions into tokens. 

Earn 

TrustWallet Earn will reward a user for every person they refer to the wallet, and so after installing the app, earn tokens just from having people use it! The more people who use this service on your referral code, the greater your earnings will be. The Bankera Exchange has promised that token holders can expect about one percent in rewards each time someone uses their referral code. 

NFTs 

NFTs are a new type of digital asset that exists on the Ethereum blockchain that can represent anything, from a house to an action figure. Because they’re built using a non-fungible token, they have all the same capabilities and benefits as other ERC-20 tokens such as voting, transferability, and exchangeability. TrustWallet helps with the NFT feature and lets users buy and sell it. TrustWallet is a mobile wallet that allows users to store their cryptocurrency in a different way. TrustWallet’s NFTs feature aims to provide users with another level of interactivity.  It even allows users to manage their non-fungible tokens such as CryptoKitties and CryptoPunks. 

dApp Browser 

TrustWallet brings you the first decentralized mobile wallet with a built-in dApp browser, giving you full control over your transactions and data. Trust uses a secure chip to manage your private keys in TrustWallet — this chip is isolated and stored locally, so it’s impenetrable to online attacks. 

TrustWallet Browser for DApps

The app also has a security card (2FA) with touch identification and biometric support, which you can use instead of SMS or Google Authenticator. 

Language 

Trust Wallet released its latest language feature which allows you to use the keyboard in your native language. This iteration of the app will support Arabic, Urdu, and Hebrew languages amongst others. As of March 10th, 2018 Trust Wallet supports 14 languages which include English (US/UK), Chinese (Traditional), Norwegian Bokmål, Swedish, and Korean among others. The addition of these four new languages is an important step towards global expansion and adoption of the Ethereum platform. 

El Salvador Wallet 

All of your favorite features are now on the go with our newest release. To start utilizing this new feature, please download Trust Wallet now by downloading from Google Play or AppStore. El Salvador launched its state-backed digital currency. The Central American country, which is currently in the midst of an economic crisis, will be using digital currency to try and shore up its monetary system and improve the country’s financial standing. Trust Wallet El Salvador Wallet can store a variety of tokens, such as Telos, EOS, and many other tokens based on multiple blockchain platforms. 

Crypto wallet for iOS and Android 

TrustWallet provides their first mobile application that helps users to get the best while being flexible. Users can connect their existing exchange accounts as well as Bitcoin or other cryptocurrencies into TrustWallet for trading purposes. In addition, users can use the application to store different Altcoins such as Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), and more than 70 more altcoins. 

How to use TrustWallet to buy and sell Cryptocurrencies? 

Here are the steps to do so.  

1. Download TrustWallet from the app store. If you are already using TrustWallet, skip this step.  

2. Create a new account by registering with your email address and selecting “New User”.  

3. You will be sent an email to confirm your email address. Click on the link in the email to activate your new account. You can also use any pre-existing accounts you may have created via other wallets such as MyEtherwallet if you are transferring existing crypto balances to TrustWallet. 

4. After you log in, you will be shown your ETH address and private key. Keep these safe and secret since they are what gives you access to your tokens in the TrustWallet.  

5. To see your balance, enter a currency pair into the search bar at the top of the screen in the form of <CurrencyName> <Symbol>. For example ETH-USD 

6. Click “Receive” to view your current Ethereum address (you can create a new one if it’s not there). 

7. Enter this address into any website or exchange that requires it such as a crypto exchange or ICO portal where you want to buy tokens with ETH or any wallet that supports ERC20, ERC223 tokens. 

Security and Safety Protocols 

TrustWallet is a blockchain wallet that released some new security and safety protocols. Blockchains are extremely safe and secure, but they can be vulnerable to hacks and theft. TrustWallet has an array of measures in place to protect individuals’ data, investments, and tokens. 

1) Two-Factor Authentication: TrustWallet uses two-factor authentication on the registration process so your password isn’t shared across different accounts used across different devices or platforms. 

2) Private Key Storage: TrustWallet uses a blockchain-based private key generation service to store private keys for cryptocurrencies. The private keys for your holdings are encrypted and stored in an offline cold storage vault that’s available to users whenever they want to transact or exchange funds. 

3) Multiple Platforms Support: Users can manage their crypto holdings on TrustWallet using mobile or desktop applications. In the future, there will be dedicated apps for Android and iOS users. At this point, TrustWallet is available on the App Store and Google Play Store. 

4) Safety Tips: If you lose access to your account or forget your password, there’s a ‘forgot password’ feature so you can retrieve it later. There’s also a ‘reset password’ button to reset a forgotten password. 

Is TrustWallet safe to use? 

Trust Wallet is a decentralized wallet that gives users full control of their funds. As with most decentralized wallets, Trust Wallet gives users the option of storing the private keys to their tokens on their own device, meaning they are not stored on any centralized server, are not accessible to anyone but the user, and are only transferred if both devices are online at once. 

Conclusion 

This TrustWallet review concludes that the app provides crypto holders with the peace of mind they deserve from their online transactions, in an easy-to-use application with a sleek design and user-friendly interface. With a vast number of payment methods and ERC-compatible tokens, TrustWallet is a great option for cryptocurrency users. 

Summary: TrustWallet is an excellent choice for mobile wallet solutions, with friendly support and an easily accessible web version. It also offers more than just storage capabilities, as buying and selling of crypto is also available. However, it is important to note that all features are not available at the same price level. 

Review: TrustWallet is a secure and user-friendly platform that offers storage, trade, and spending capabilities. The company’s mobile applications provide users with the ability to secure their digital assets using the Cold Storage option available in the application. In addition, they can also easily manage their digital wallet with ease using their friendly web browser interface. 

Trust Wallet holds more than 100 cryptocurrencies in its cold storage wallet and accepts payment in over 40 fiat currencies as well as cryptocurrency payment options including Ether, Bitcoin, and Litecoin. This makes it a perfect solution for users who are looking for a secure place to store their digital assets without compromising on security. 

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