How To Use Trust Wallet: The Beginner’s Guide

If you want to receive Bitcoin, you need a Bitcoin wallet. Likewise, if you want to receive Ethereum, you need an Ethereum wallet.

The crypto wallet concept has become one of the most important ones when it comes to storing your tokens in a safe place.

Binance, Coinbase, Crypto.com, and other cryptocurrency exchanges offer the possibility to store users’ private keys on their platforms.

Hence, the exchange provides a custodial wallet.

On the other hand, Trust Wallet is a non-custodial, decentralized wallet.

Each coin gets stored in a digital address that only the user can have access to. It’s secure, efficient, and, for many, is the best way to safely collect digital assets.

What is Trust Wallet?

Trust Wallet Company was initially established back in 2017. It’s based in Mountain View, California, but users can get the wallet integrated with their devices all over the world.

Being an open-source project, Trust Wallet is free to download, which means that getting access to the wallet is relatively easy compared with other projects.

The Trust Wallet organization ensures that the personal information, digital and crypto assets, and general security of each user is top-notch.

Trust Wallet Fees

Yes, Trust Wallet is free to download, but it’s not free if you want to send, trade, or buy crypto.

The organizations’ zero-fee model makes that the currencies purchased in different Blockchain Projects, such as Binance Smart Chain and BTC Blockchain, are directly integrated with the user without having to pay a dime to have the funds stored in a safe place.

All the fees paid in Trust Wallet go directly to the exchange where the transaction takes place.

The network fees that get paid during a transaction vary depending on different factors, but, overall, they are as low as they get.

Pro Tip: You can’t avoid a network fee payment when you make a transaction, such as sending or purchasing cryptos. Learn more about Trust Wallet Fees by reading our in-detail blog post.

Trust Wallet Security

Now, the million-dollar question: Is Trust Wallet Safe? Are your assets protected from hackers in a secure way?

This is a significant concern for people that want to sign in to Trust Wallet. The wallet encrypts the addresses and cryptos of their users, but they are the ones that hold the private keys.

Think of it as a bridge that connects you with multiple cryptocurrencies, but, at the end of the day, you are the one that truly owns the cryptos on the bridge.

Long story short - Trust Wallet is safe. You must always watch out for hackers and people looking to steal your funds, but if you manage to safely store your recovery phrase, you’ll be good to go.

Now that you know what Trust Wallet is and what you can use it for, it’s time to set the mobile app up.

Firstly, it’s important to mention that there are no desktop apps for Trust Wallet. Unlike other wallets, Trust Wallet only has mobile apps as of this date.

Setting Up Trust Wallet

First, you need to download the Trust Wallet app. If you have an Android phone, you can do so on Google Play. For the Google Play (Android) link, just click here.

On the other hand, if you have an iOs device, you need to go to the Apple App Store.

Note: Trust Wallet will not ask you anything about your personal information. Being a decentralized platform, your personal information might as well remain private the moment you connect Trust Wallet to your mobile device in order to protect your transactions.

Functions and Sections Explained

In order to protect your private keys, be sure to properly store the Recovery Words set at the moment you sign in to Trust Wallet services.

If you happen to lose these words in the correct order, you might entirely lose access to your funds on the app.

You’ll quickly familiarize yourself with Trust Wallet’s interface since it has 4 different sections:

• Wallet: Here, you can check the details of the tokens, get your wallet address, manage your crypto assets, and exchange any coin and collectible at your will;
• DApps: If you are a user that likes to browse decentralized applications and platforms in a secure way, then tap on DApps and surf them;
• DEx: Want to exchange crypto assets for other crypto assets? The integrated Decentralized Exchange option of the platform is the best way to do so;
• Settings: Here, you can enhance the security of your wallet, manage your overall settings, watch videos from the community and learn how to create a secure environment for your precious coins.

So, what can Trust Wallet users do in the app? Of course, it’s in your best interest to learn how to store your crypto safely, but there are other things that you can do thanks to the platforms’ features.

Adding Money

A user can add crypto funds to their wallets using fiat currency through Trust Wallet Cryptocurrency Providers (check the full list of providers by clicking here).

Since we are talking about a decentralized wallet, you can only add crypto assets and not fiat money. You can also do this by sending crypto from an external exchange, such as Binance, to your Trust Wallet address.

Learn how to Add Money to Trust Wallet here.

Withdrawing Money

You can’t directly cash out from Trust Wallet your crypto assets. If you want to cash out, you would need to send your coins to an external exchange that allows cash outs.

Worry not - doing so is elementary. Learn how to Withdraw from Trust Wallet in the up-to-date blog post we’ve written about this matter!

Buying Cryptocurrency and Crypto Assets

You can buy Bitcoin, Binance Coin, crypto supported by smart contracts, and many other cryptocurrencies directly from cryptocurrency wallet exchanges or decentralized apps.

For instance, if a user wants to Buy Safemoon on Trust Wallet, they would need to connect the app to a decentralized exchange that allows them to buy crypto.

Selling Cryptocurrency

The same goes here - if you want to sell crypto and store it in your Bitcoin Wallet address or Ethereum Wallet address, then you need to provide your wallet address to the sender.

Now, in case we are talking about another coin, such as Safemoon, it’s necessary to convert them to a token that runs on a widely known Blockchain, such as Binance Smart Chain.

Trust Wallet allows each user to convert tokens and their will. Thus, to Sell Safemoon on Trust Wallet, convert the crypto to BNB, send them to an external exchange, and cash them out.

It might sound complicated, but once you read our guide, you’ll notice that it’s, in fact, effortless.

Monitoring Transaction History

Since this cryptocurrency wallet runs in a decentralized environment, some users probably want to manage their transactions for tax purposes.

In any case, checking your Trust Wallet Transaction History is also possible in this app. Remember that Trust Wallet does not have any control over the crypto you have and the transactions you make.

So, if you need to check the history of a specific transaction, you might need to go to external DEX Explorers.

So far, we’ve only mentioned those common features of the Trust Wallet app that each user must get to know. Now, it’s time to dive deeply into the additional features of the app.

Trust Wallet Staking

Want to earn interest over time by staking crypto assets? You can do so on the Trust Wallet app! Your cryptocurrency wallet can be used for much more than just storing assets in a secure way.

Read Also: Interested in staking crypto in the Trust Wallet App? We’ve written a 101 guide that shows you the pros and cons of this process. Read our Trust Wallet Staking article to learn more!

Trust Wallet Advanced Fee Settings

We’ve stated that Trust Wallet fees are actually among the best ones in the crypto market, but it’s also worth noting that there’s a feature to manage the fees at your will.

The Advanced Fee Setting can be altered depending on the blockchain you are operating in. This feature is extremely useful for advanced traders, so it’s worth giving it a try.

Migrate from External Wallet to Trust Wallet

Imagine you are an old user of, let’s say, MetaMask. Now, you want to change to, in your opinion, a more secure environment, such as Trust Wallet.

You can Migrate from MetaMask to Trust Wallet within minutes! This can also be achieved from other wallets, so you are not limited to doing so only from the MetaMask App.

Pro Tip: Both MetaMask and Trust Wallet App are great options that support similar transactions. If you don’t know which one to choose, we highly recommend you to check out MetaMask vs. Trust Wallet blog post so you can make a firm decision.

Undoubtedly, one of the best things about the Trust Wallet app is that you can Enable Dapp Browser on Trust Wallet just by following a couple of steps.

Android users will have it easier than iOs users, though. Either way, this is an elementary process that we’ve already covered on our website.

Once Trust Wallet connects with the DApp browser, you’ll be able to buy crypto on decentralized exchanges, such as Pancake Swap.

Trust Wallet’s DApp support is safe, easy, and efficient. Forget about accessing third-party links in order to use decentralized apps; just Connect Trust Wallet to PancakeSwap and keep your personal information safe at all times.

Nothing is perfect in this world, not even the Trust Wallet App. The app can naturally fail depending on your internet connection on your mobile device and other factors that affect it.

Nonetheless, some issues, such as the “ Insufficient Liquidity for This Trade” error message, can appear in the DApps that can be found on the browser. Hence, they require an external solution.

In any case, if you ever experience any kind of issue with the app, the best course of action is to contact the Trust Wallet Support Team.

Recovery Phrase

At some point you might need to have your recovery phrase ready. Trust Wallet recovery phrase guard access to your private keys.

Private Keys

Getting access to your private keys is not as straightforward as one might think. Learn how to get Trust Wallet private key with our guide.

Pro Tip: Contacting Trust Wallet Customer Service is pretty straightforward. Keep in mind that due to the decentralized nature of crypto assets, you must double-check every transaction before it takes place. Otherwise, you might end up losing your funds, and not even the support team will be able to help you out.

Do you need support for a specific topic? Yeah, contacting the support team is a good way to go, but engaging in the Trust Wallet community might be an even faster way to solve your problems in the app.

Trust Wallet users are eager to provide help and support to all those who need it. On top of that, the Trust Wallet Community also has hundreds of useful articles, how-to’s, and FAQs that are really useful.

Some say that the Community is one of the things that make Trust Wallet different from other wallets, so don’t hesitate to check it out.

Final words - Trust Wallet is a secure, trustworthy, and efficient crypto wallet. It will continue to provide a good service to their users, which makes it one of the best choices out there.

The best thing is that you can continue learning about Trust Wallet here, at GrowFollowing! You can always count on us for valuable crypto content.