Trust Wallet Brings Self-Custody

Trust Wallet is a decentralized mobile crypto wallet that provides secure storage of over eight million digital currencies and a full set of tools to help you manage your assets across multiple blockchains. It is one of the largest multi-chain wallet providers, and is available for both Android and iOS. Currently, there are over five million active users on the app.

The company is led by US-based Ukrainian software developer Viktor Radchenko, who developed a trucker tracking app. After seeing success with his project, Radchenko decided to try his luck in the crypto industry. He was inspired by the popularity of Ethereum, and was soon able to launch his own mobile self-custody wallet.

In addition to providing users with the ability to store and manage a variety of crypto assets, Trust Wallet also offers interest-earning staking for twelve tokens. The Trust Wallet app can be downloaded free from the Google PlayStore or the Apple Store. The wallet is supported by six different cryptocurrencies, including Bitcoin (BTC), Litecoin (LTC), and Binance Coin (BNB).

Trust Wallet Brings Self-Custody Back Into the Crypto World

There are two ways to create a Trust Wallet account. First, download the app. Once the app is installed, select the “Create New Wallet” option. You will then be asked to provide your personal information. This is an important step if you are interested in storing your digital assets. You can also access a self-help center to receive support. You will need a 12-word secret phrase to recover access to your wallet in the event of a lost or forgotten password. You can also customize the security settings.

For a more convenient experience, Trust Wallet has released a browser wallet extension. The extension will allow users to take advantage of the app’s multi-chain features. For instance, Trust Wallet will support the Metaverse, DeFi, NFT, and THORChain. In addition, the browser wallet will feature support for fiat on-ramps and hardware wallets. It will also include the ability to import other wallets.

To create a Trust Wallet account, you will need to write down a 12-word recovery phrase. You can use this phrase to retrieve access to your wallet in the event of phishing attacks. However, the security measures used in Trust Wallet are not as robust as those used by hardware wallets.

Although this wallet is relatively easy to use, it does not have a built-in ticketing system. This may limit user accessibility if you want to contact the company for questions or concerns. In addition, the user is responsible for transferring his or her private keys to the wallet. This is an inherent security risk, as third-party service providers could make transactions on your behalf.

Self-custody is a key part of crypto security. As more and more crypto exchanges are falling apart, the need for an active storage solution is becoming increasingly important. Many traders will be moving their coins to another location. This movement has reached unprecedented scale, with recent events highlighting the need for active security.

Trust Wallet users can also get technical support from the company. The team has published a comprehensive guide on their website, which includes instructions and images. This guide provides detailed information on how to set up the app and use it.