In this article we will take you through an overview of the official wallet of the most popular centralized finance platform out there. We take a look at its features as well as its fees,and safety.
Trust Wallet Review
TrustWallet is a market leading multi cyptocurrencies digital wallet that was founded by Viktor Radchenko in November 2017 and became the official wallet of the giant centralized finance platform binance afterwords.
With its user friendly interface trust wallet interact more and more users. till 2023 it has more than 60 million user. The binance trust Wallet alLows you to buy and store crypto assets, including NFTS. As well as interacting with the web3 Dapps via the Dapp Browser.
What is Binance Trust Wallet
Binance had made itself a place in the decentralized fiance with the acquisition of Trust Wallet announced by bloomberg, which is an open-source, decentralized, mobile application. This wallet allows traders to stake their cryptocurrencies and offers them interest for their staken assets, along with the support of more than 160k digital asset and blockchaine.
The journey of trust wallet began in 2017. It was founded a US-based Ukrainian software developer Viktor Radchenko. It was originaly designed to support ethereium ecosystem’s tokens , and then acquired by binance in july 2018 to support the BSC Blockchain, and it now one of the leading wallets developed to other popular cryptocurrencies like Bitcoin.
Binance Wallet Trust Features Review
Trust wallet offers its users many popular features that continues to innovate. Following are the core features of the wallet :
Beginner friendly
Trust Wallet’s user interface is simple, clear and easy to download and install on mobile devices. This has allowed the platform to accumulate over 5 million active users to date and become a partner of one of the world’s leading cryptocurrency exchanges, Binance.
Free download
Trust Wallet is a free application that costs nothing to download eather from the Google Play Store or the Apple Store. The only fee that is charged is the cost for miners to process transactions on the network.
Private and secure
Although Trust Wallet by its very nature (being a software wallet) cannot provide the same robust security measures as hardware wallets, the platform tries to ensure the safety of customer funds. It conducts regular audits with the help of leading security firm Stateful
Dapp Browser
The Wallet has a built-in web3 browser , which allows users to buy cryptocurrencies through trust wallet’s own DEX (decentralized exchange) operating on the Kyber network. In addition, various DApps (decentralized applications) built on the Ethereum platform like the Pancakeswap Wallet Extension or The BSC defi Wallet can be accessed through the Trust Wallet Dapp.
Earn Interest
The Trust Wallet platform has the staking to earn rewards option of manz popular cryptocurrencies like Tron (TRX), Tezos (XTZ), VeChain (VET), Callisto (CLO), Cosmos (ATOM), Kava (KAVA), IoTeX (IOTX),Terra(Luna),Osmosis (OSMO), TomoChain (TOMO) and Algorand (ALGO). Ethereum (ETH) and Cardano (ADA) will also be added to this list shortly.
Trust Wallet Token (TWT)
Please enter Coingecko Free Api Key to get this plugin worksTrust Wallet has its own TWT token, wish let holders receive a number of benefits when using Trust Wallet. These include discounts on in-app purchases and on the use of decentralized exchange services. TWT token holders can also participate in the governance of the Trust app and vote on updates and suggestions, helping to shape the development of the app.
Binance Wallet Trust Fees Review
Trust Wallet does not charge its users for setting up and configuring wallet accounts. There are also no subscription fees for using the wallet services. The platform is free to download from the Google PlayStore or Apple Store. The only fees charged in the app are gas fees, meaning in-app transaction processing fees (network fees), which are paid to either the miners or the PoS (Proof-of-stake) chains that charge them.
Conclusion
In conclusion, Trust Wallet provides a user-friendly platform for managing your cryptocurrency holdings, complete with enticing features like staking options and the Trust Wallet Token (TWT). It has earned its reputation as a popular choice among crypto enthusiasts.
Is trust wallet a safe protocol ?
We say yes, although from our review of Trust Wallet, we found that the crypto wallet app uses a number of security protocols to protect the customer’s crypto-currencies from hacking or theft. And Trust Wallet provides all these mechanisms, so we can conclude that it’s safe.
