In the crypto era, a cryptocurrency wallet plays a major role and it is a primary tool that users can use to interact with an immutable blockchain network. There are different types of crypto wallets available in the market which can be defined into three types: software, hardware, and paper wallets. Based on their working structures, they may also be referred to as hot or cold wallets.
The N numbers of crypto wallet providers are based on software, which builds more convenient to use when compared to the hardware wallets. However, hardware wallets make to be the most secure alternative option. Paper wallets, on the other term, consist of a "wallet" printed out on a piece of paper.
One of the top-most questions linked with crypto is “Which cryptocurrency wallet is more secure and safe?”
The primary distinctive feature of a reliable and secure cryptocurrency wallet is access to private keys. Today we have prepared a detailed explanation of this kind of crypto wallet like Trust Wallet here.
Before we entering into the topic just clarify yourself like What is the Private Key and why it is so important to keep your private keys safe?
If you want to send an encrypted text to your friend then you and your friend create two sets of keys on your devices which is like private and public ones which are mathematically connected to each other.
The public key takes care of encrypting the message, and the private one for decrypting it. The public key can be openly shared with anyone because there’s no option for a third party to receive any access to any of the sensitive data just by utilizing this public key.
In terms to send a message, you and your friend exchange your public keys addresses with each other, and you use your friend’s public key to encrypt the message. In this way, nobody (even you) but your friend is able to decrypt this special message that was generated specifically for this specific person.
It is important to understand that such actions are irreversible and you cannot cancel the transaction.
That’s why it is so important to keep your private keys safe.
Cryptocurrencies use asymmetric encryption to secure the identity of the owners of the funds, the funds themselves, and to make sure that transactions are implemented securely. It is also called public-key cryptography.
Now let’s find out what the transaction process looks like.
If you want to send your friend one BTC, you are going to use your specific crypto wallet. The device where your wallet is installed does not mutually store your funds, as they are not physical, but it does store the private key. But this key can never leave your device.
So when you send your friend 1 BTC, you need to access your private key on your, let’s say phone, to sign the transaction or, in other terms, give permission to make an action. This transaction contains data about the amount and the sender, and your public key confirms that it came from your wallet.
If you lose your device, your fund is not going anywhere, just like with your credit card. But because there is no central authority, you cannot just call anywhere to recover it. What you can do is get a new device, install a wallet, and use your private key or 12-words recovery phase to get access to your funds again. And that’s another reason to keep your private keys safe and write down your mnemonic.
Recently, we’ve noticed that Trust Wallet is gaining popularity among the crypto users and our cryptocurrency development team decided to express gratitude by developing the crypto wallet apps like Trust wallet app even more comprehensive. We will be explaining everything about Trust Wallet in this blog. I will be going over the following topics:
Before I tell you what Trust Wallet is, let me tell you what Trust Wallet isn’t. Because with so many crypto wallets available in the crypto industry today, it’s really easy to get confused. So, to begin with, Trust Wallet is not:
Trust Wallet is a mobile app wallet for smartphones or tablets and is the fastest and simplest way for most users to get started with a Trust wallet to send and receive tokens. It's a decentralized wallet that supports many types of cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Binance Coin, XRP, Tron, Bittorrent and many other ERC20 tokens.
Trust Wallet is designed and developed with a target on simplicity, this is an open-source wallet which means transparency, security, reliability, and collective creating that allows different approaches & freedom of development.
Trust Wallet is a secure mobile wallet that supports Ethereum ERC Standard Tokens such as ERC20, ERC223, ERC721 and other tokens. It provides high-end security audited system to send, receive and store crypto assets. With Trust Wallet app you have complete control over your private keys that are only stored on your device. Trust Browser is a full-fledged Web3 browser that allows you to interact with decentralized applications (DApp) directly from the app.
Yes, Binance has announced the acquisition of Trust Wallet on July 31, 2018. Form this acquisition, Binance aims to provide the best service and to enhance the safety for all of our users around the world.
The acquisition of Trust Wallet to add an on-chain mobile wallet in the list of Binance services with other outstanding future integration possibilities. With Trust Wallet users are using Binance’s official user-controlled Crypto Wallet. It allows you to store your personal crypto assets and interact with DApps and Decentralized Exchanges in a non-custodial way.
At the time of writing this blog, Binance and Trust wallet celebrating their Two Years of Partnership ceremony recently. Trust wallet is one of the leading cryptocurrency wallets with more than 5 million users since Trust Wallet was acquired on July 31, 2018.
Trust wallet has s DApp Browser which is strongly coding Web3 browser that can be used to interact with any decentralized application (DApp)
The Trust wallet team has used meticulously crafted tool which provides a seamless, simple and secure connection between Dapp holder, Ethereum network, and any decentralized application (DApp)
They are an integrated interface which is fully optimized for mobile so you can enjoy the content developed specifically for your device
Trust Wallet dApp browser provides a simple API for dApp developers to create multi-chain applications. Currently, Trust Wallet API allows you to get accounts and sign transactions for any blockchain for both iOS and Android.
Explore here - How to integrate your DApp into Trust Wallet
We want to present you with the Step-By-Step Guide to Trust wallet. You can learn how to send and receive crypto with Trust wallet Let’s start!
The first step is to download the Trust wallet. It is available for iOS and Android. Visit our Trust wallet website and choose the version you need.
The second step is the creation of a wallet. Create a new one or export your current wallet using a 12-word recovery phrase. After that, you will be taken to a screen asking you to back-up your wallet. Before involving any transactions, write down your 12-word phrase in a safe place. Pay attention! You cannot recover your wallet if you forget or lose your 12-word phrase! After that specific process, you will see the dashboard... Here you can find the send/receive buttons and your recent activities.
To find your receiving address, just tap “Receive” and “Copy” to copy it to your clipboard. You will see your QR code and you can then paste your address into the relevant field on the product pages when you are placing an order.
Tap “Send” to send coins and tokens. Choose the required coin or token and enter the receiver’s address or tap below to scan the receiver’s QR code and send crypto. Enter the amount either in BTC or USD. You have an option to select the network fee but we recommend you choose the regular one. Check the transaction details and press Confirm (Double-check for accuracy before confirming).
If you want to know more about Setting Up Trust Wallet then you can visit here the Trust wallet official page!
Step 1: Sign in to the main wallet screen
Step 2: You can see the list of supported digital assets and search the specific coin or token name in the search bar based on your requirements. Use the toggles to add the specific coin or token
Step 3: After that, you can see the newly added coin or token
Explore here - How to add or remove cryptos into Trust Wallet?
Trust Wallet supports 40+ blockchains including Bitcoin, Binance Chain, XRP, all Ethereum Tokens and many other digital currencies. Trust Wallet is a one-stop solution for interacting with a decentralized world, so going forward they will be adding more coins and features to allow users to fully embrace the seamless experience of having all tokens, collectibles, DApps and more in one place.
The list of supported coins and Tokens
Are you looking for a reliable cryptocurrency wallet? Here is a Trust Wallet is the best one. Trust wallet has a very user-friendly interface that builds your start very easily. Trust Wallet is support for both BTC and ETH Which allows you to hold lots of popular Ethereum ERC tokens inside.
The Trust wallet team understands that one of the most primary things while using crypto coins or tokens is a protection of your personal financial privacy and anonymity. Trust Wallet promises to keep you anonymous. A unique address is created every time you send or receive funds, making your transaction activity more secure and handling your financial business in private.
Trust Wallet achieves the security of your funds via special PIN-code. You generate it by yourself and use it every time when you want to open the app. You can also change PIN-code identification on touch/face ID to access your wallet. Only you always keep your own private keys. Your private keys are generated and stored only on your mobile. It guarantees you complete security and control under your funds.
You can easily install the Trust Wallet on your device for iOS and Android. Besides you can try a web interface for your reliable wallet.
Trust Wallet provides you with numerous opportunities like sending or receiving crypto, checking your balance in BTC, ETH, EUR & USD. Using the trust wallet app you can also view your transactions, and watch the crypto market prices, etc.
Trust wallet will support more popular crypto coins and tokens very soon. They involve all the facilities for user convenient and productive work!
Currently, there are so many new challenges that continue to appear for crypto users around the world, and Trust Wallet is still growing and popularizing. Since its acquisition by Binance, Trust Wallet has added highly requested features like buying crypto with cards, DEX integration, and staking. Through Trust Wallet’s DApp browser, users are able to access all Web3 decentralized applications from a single interface and explore the vast landscape of DeFi apps.
As a crypto people, do you have any idea to create your own crypto wallet app like Trust Wallet App, Or still having any doubts about crypto wallet app development then you have arrived in the right place!
Being a cryptocurrency development company, Developcoins deliver advanced cryptocurrency wallet app like Trust Wallet app for both Android, iOS. Along with our premium cryptocurrency wallet development solutions, we deliver advanced & high-end cryptocurrency wallet development services with outstanding features that are similar to the Trust wallet app. We ensure this would be a primary key step for crypto startups to grab their potential users from mobile devices around the world.
Get the benefits of the platform by customizing our crypto wallet app which perfectly fits your business models. Our white label cryptocurrency wallet development solutions are checked to be bug-free and are completely ready to move in the field.