Does Trust Wallet live up to its name? It’s time to find out.
Here’s a brief Trust Wallet review covering all you need to know about the hot wallet that changed the cryptocurrency wallet scene, followed by a guide on how to get started using the Trust Wallet mobile app on your PC.
What is Trust Wallet?
Launched in 2017, Trust Wallet is a decentralised mobile wallet that quickly gained a massive following for its simple user interface.
Touting over 10 million users and featuring as one of the top 10 crypto wallets to store crypto securely, the Trust Wallet app has emerged as a popular digital wallet choice among crypto investors.
Trust Wallet enables users to buy, store, exchange, earn crypto and collect NFTs.
The wallet’s extensive digital asset compatibility combined with its DApp browser support to explore decentralised applications (blockchain games, collectables, etc.) sets it apart from the mainstream wallets in the crypto space.
The app currently supports around 53 blockchains and over 1 million assets while still delivering a user-friendly experience.
Viktor Radchenko, the founder of Trust Wallet, explains this by stating that the overarching objective behind the creation of the Trust Wallet app was,
“Simplifying it (crypto), making it (crypto) accessible, and giving people the ability to create wallets without limits. You’re free to set up a wallet anywhere you want. No restrictions.”
Except, that brings us to what’s probably the most-asked question.
Is Trust Wallet secure?
Yes, it is. Mostly.
For starters, Trust Wallet never collects or stores your personal information. There is simply no KYC.
And Trust Wallet is non-custodial, meaning you are in complete control of your assets and funds at all times. There are no middlemen or third parties involved, and your device stores your private key instead of Trust Wallet servers.
You can even create a new wallet without connecting to the internet.
But, of course, you will still need an internet connection to check the balance or authorise a transaction.
Trust Wallet also offers biometric authentication in the form of a fingerprint sensor and Face ID as an added security layer to safeguard your digital holdings.
Yet, none of these features or security measures can keep your digital assets safe if you fail to stay safe online. And mobiles, in particular, are vulnerable to malware attacks and theft.
So, if security is your primary concern, you are better off with a hardware wallet because there’s a certain amount of risk associated with all software wallets.
Trust Wallet is no exception.
But if convenience is what you’re after, you can opt for software wallets and read our top tips on crypto wallet security to mitigate cyber risks.
What are the Features of Trust Wallet?
According to their website, Trust Wallet works with any ERC20, BEP2, ERC721 tokens and supports over 160,000 digital assets, including Bitcoin, Ethereum, XRP, Binance Coin, Tron, etc.
This allows you to house all your crypto assets under one roof.
While most crypto wallet providers charge a small fee for opting for their wallet services, swapping one crypto asset for another, DApp support, and using a credit card to purchase crypto (partner provider charges apply), Trust Wallet doesn’t.
The only charges you incur on Trust Wallet are blockchain network fees, which you set. You can select a higher network fee for urgent transactions and a lower fee for less urgent ones.
Trust Wallet uses this money to pay miners and validators.
In a bid to be more transparent and user-centric, Trust Wallet has made its application open-source and “community-driven.”
They have a community of users voting on blockchain projects to integrate using TWTs (Trust Wallet Token) and earn incentives for voting from the proposers. This creates a win-win scenario.
- Cross-platform support:
As a mobile wallet, Trust Wallet installs for free on Android and iOS devices from the App Store or Google Play Store. And though there is no official support for PC or laptops yet, it is still possible to install the Trust Wallet app on PC.
It just takes a few additional steps.
How to use Trust Wallet on PC?
You can follow the below steps to install Trust Wallet on your Windows or Mac computers:
- Since Trust Wallet is not compatible with PC, download and install an emulator, like the BlueStacks (You can download it from the link).
- Open the downloaded .exe file and complete the setup instructions on-screen to install the BlueStacks application.
- Launch BlueStacks and click the Play Store icon on the home screen.
- Enter your login credentials and sign in to the Play Store.
- Proceed to search ‘Trust Wallet’ and install the app.
- That’s it! You can now access your Trust Wallet on your PC!
Today, crypto wallet providers oversaturate the tech market promising different services to get user attention. But ultimately, it all boils down to who YOU trust to keep your digital assets safe.
And though Trust Wallet is not perfect, with its cutting-edge features and backing from Binance, it remains a viable, trustworthy option among software wallets.