How to use Trust Wallet?
In this tutorial, you will learn how to create, use, store, receive and send cryptocurrencies with Trust wallet.
Table of contents
What is Trust Wallet?
Trust Wallet is a multi-coin wallet acquired by Binance in 2018. It will allow you to store, send, receive and exchange different cryptocurrencies with a single account. It supports many cryptocurrencies including Bitcoin, Ethereum, Ethereum Classic, Binance Coin or also Ravencoin. You also have the possibility of staking on Proof-of-Stake coins such as Tezos, Cosmos or Tron.
You can see the complete list of cryptocurrencies supported by Trust Wallet by clicking here.
Download Trust Wallet
Trust Wallet is available on smartphone platforms like iOS and Android or you can also download the new Chrome extension.
image from trustwallet.com
How to create your Trust Wallet?
After downloading and installing the application. You will arrive on the page below. Click on Create a new wallet.
Then, You will have to write down your recovery phrase. Be sure to write it down and keep it. Do not share it. If you lose your recovery phrase, you will no longer be able to access your wallet.
Then, you’ll need to check your backup phrase by typing the words in the correct order. After this verification, your account is created and you can access it.
image from trustwallet.com
How to set up your Trust Wallet?
Choose your FIAT currency
Choosing your FIAT currency will allow you to buy and see the exchange rate between this currency and the differents cryptocurrencies available on Trust Wallet. By default, the FIAT currency is on the US dollar. – $USD. To change it, go to Settings and press Currency. You will be able to choose the currency that is best for you, such as the euro – € or the pound sterling – £.
Enable notifications
Activate notifications will allow you to be notified when you receive transactions on one of your wallets. To activate this setting, press Settings then Push Notifications. Tick the mention Allow Push Notification to activate notifications.
Choosing speed of transactions
Choosing transaction speed allows you to better manage your transaction costs. In fact, your transaction fees will be much higher if you make a fast transaction. In contrast, your fees will be lower if you choose a slower transaction.
To change this option, go to Settings and then tap Transactions and Transaction Cost. You will now have 3 choices :
Cheap – Low transaction speed but low cost
Regular – Perfect balance between speed and transaction cost
Fast – High transaction speed but high cost
Secure access to your Trust Wallet account
In order to make your access to your Trust Wallet wallet even more secure, you have the possibility of locking your account. To do this, go to Settings and check the option App Lock.
After checking it, a new page will appear. You will then be asked to enter a 6-digit password. You will be asked for this password every time you launch the application.
Once you have chosen your password, a new category should appear. It is called Advanced Settings. Click on it and confirm your password. You will have access to advanced settings such as Auto-Lock, which allows you to change the duration of the application lock, Lock Method, which gives you the choice of unlocking your application only with the password or with an alternative verification method, such as FaceID (for iPhone owners).
Finally, you can activate the Transaction Signing option, which allows you to check each and every time you make a transaction.
Add crypto wallets on Trust Wallet
image from trustwallet.com