Does Trust Wallet Need ID Verification? Is It Safe?
Nowadays, KYC verification processes are the common rule in most financial platforms.
Now, you might be wondering whether Trust Wallet will ask for your personal information or not.
Completing ID verification on a crypto exchange, such as Binance, is unavoidable if you want to use all the platform’s features and manage your digital assets in the website or app.
But, is this required too in a mobile wallet application such as Trust Wallet? You are about to find out.
New users that want to transfer their funds to a secure place and experienced crypto investors will both want to read the answer to this question.
Thus, keep on checking this article on our website to learn more about:
- Does Trust Wallet need ID verification?;
- Is it possible to verify your wallets on Trust Wallet?;
- Will Trust Wallet ever ask a customer for their personal data?
Does Trust Wallet Need ID Verification?
The short answer is no, it doesn’t.
Trust Wallet is a non-custodial wallet where your assets are stored through cold storage methods.
Trust Wallet is ruled by a decentralized environment where each user has complete control of their coins and assets.
The transactions you make and each coin you own are protected by the platform’s security measures.
However, being a totally decentralized platform, they don’t need their users to provide personal information in order to access the wallet’s services.
Pro Tip: DApps are the future of your money and you know it!
Enabling the decentralized browser on your Trust Wallet app is one of the most useful features that you can have access to. Learn more about this by checking our related blog page: Enable DApp Browser on Trust Wallet.
3 Things You Must Know About “Identity Verification” on Trust Wallet
Now you know the answer - Trust Wallet won’t ask you for identity verification.
However, if you want to put your coins in this wallet and become a regular customer of this decentralized environment, then there are a couple of things that you should know.
1. Understanding Trust Wallet 12-Word Recovery Phrase
The only identity verification proof that Trust Wallet will ever ask you is your recovery phrase.
The recovery phrase is a unique identifier code linked to your wallet’s private keys. This code is generated the moment you create your account - you must store it and never lose it.
In case you need to claim ownership of your assets, it’s imperative to save this 12-word code on your computer or even on a piece of paper.
Pro Tip: Do not confuse your wallet’s public key with the private ones.
The wallet address is generated through an alphanumeric number or a QR code, while the private keys are just words that follow a specific order.
You can find your private recovery phrase by going to options in the top right corner of the app. Learn more about Trust Wallet Private Key by clicking here.
2. Do I Need to Verify My Identity to Buy Crypto with a Debit or Credit Card?
Buying crypto with a debit or credit card is possible on Trust Wallet.
Naturally, it’s necessary to type in your card details if you want to make a fiat money to crypto coin transaction, but that’s it.
This is essentially non-personal information - you don’t need to provide full details, such as your home address, when making this process.
What’s more, you can always delete a linked card easily.
Verification is not needed in this scenario either.
Note: Although Trust Wallet provides a wide variety of valuable features, such as the ability to earn interest through Trust Wallet Staking, the truth is that some users prefer to have their assets stored on hardware wallets instead.
They are safe, easy to manage, and efficient - don’t sleep on them!
3. Will Trust Wallet Ask Me to Verify My Wallet Address via Email?
Imagine that you open your email on your phone or computer and see a supposed email from Trust Wallet asking you to complete verification.
We cannot stress this enough - Trust Wallet won’t ask you to confirm your email address nor your identity through email.
All users must be aware of these scam emails since they can be used to steal your precious information.
Remember that Trust Wallet’s “verification” can only be performed through private keys.
Hence, note that the platform won’t ask you for this information under any circumstances.
It is better to be safe than sorry!
Is the Trust Wallet Application Safe to Use?
Is Trust Wallet Safe? This is a question that many customers have before even setting up their address on the app.
The answer is yes, it is safe enough, but don’t forget that being a non-custodial app wallet, the total responsibility of your assets is entirely yours.
Trust Wallet’s service is backed up by the Binance exchange thanks to their widely known partnership.
Decentralized finances are ruling the world right now, and will continue to rule it in the years to come.
Even though Trust Wallet does not offer classic centralized service, you are not entirely alone.
You can always count on Trust Wallet Customer Service for solving any inquiries you might have regarding the application.
Final words - Trust Wallet is a great crypto wallet that won’t ever ask you to verify your identity - that’s how decentralized finances work.
Beware of fake emails and fraudulent contacts - your assets are at stake! For more useful Trust Wallet information, trust GrowFollowing as your reliable source.
Trust Wallet Identity Verification FAQ
Can I Withdraw From Trust Wallet to Bank Account?
Yes, you can indeed withdraw your funds to a bank account or take them out via a Crypto ATM, but you need to send the assets to a centralized exchange first.
Hence, there’s no way to directly withdraw from Trust Wallet, but there’s a way around it, and we show you all you need to know about this here: Withdraw From Trust Wallet.
Steve specializes in cryptocurrency and finance. As a born researcher, he won’t leave any stone unturned when it comes to topics he covers.