What is Trust Wallet?
Here is a quick breakdown:
- A decentralized wallet, you hold the keys to your cryptocurrency wallet.
- A user controller wallet, only the user has control over their funds.
- Has access to DApps unlike centralized wallets.
- Does not keep any personal information.
- Main goal is Making Crypto More Accesible.
Where to Download Trust Wallet?
Download Trust Wallet only from official sources.
Here are the download links for both platforms:
App Store: https://apps.apple.com/app/trust-ethereum-wallet/id1288339409
Google Play: https://play.google.com/store/apps/details?id=com.wallet.crypto.trustapp
Where are my funds stored?
Due to decentralization, your crypto is accessible anywhere due to blockchains. You just need to have a way to connect to the individual blockchains. Almost every coin or token you see on Coinmarketcap will have its own blockchain.
How does Trust Wallet work?
Trust Wallet acts as a bridge that connects to individual blockchains via their nodes. The app allows to communicate with these nodes thru the internet. Every blockchain has their own set of public addresses. These are the addresses that you use in order to receive Crypto and do other Crypto transactions. This explains why we do no not hold or control your funds. We simply help our users gain access to them.
Can I Buy Crypto with Trust Wallet?
Yes, we have Partner Providers that have integrated their services within the app to allow Trust Wallet users to Buy Cryptocurrencies with their credit cards. No personal information is collected by the app. Your contact details and card information is sent to the providers. The app automatically sends your Crypto addresses to the providers depending on the Crypto you are trying to buy.
How do I Cash Out of Trust Wallet?
The app cannot convert your Crypto to Fiat.
What you can do is send the Crypto to an Exchange that allows Fiat conversion.
Please do a Google Search to find the best way to convert your Crypto.
These are your assets, this is your sole responsibility. Please manage them carefully.
Is my Funds Secure?
Yes, Trust Wallet is using an industry standard to encrypt your wallet and secure the recovery phrase.
Learn more here: Am I in Control of My Private Keys?
And for better security, familiarize yourself with the 3 Steps to Protect your Crypto Wallet.
What is a Private Key?
For every public address, there is always a Private Key that is paired to it. These private keys gives you full control over the public address, meaning you can send crypto or sign transactions with it. If you have the private key then you basically have ownership of the specific address. And that is why, it is the single most important thing you have to keep safe if you are handling your own funds.
What is a Recovery Phrase?
Trust Wallet uses an industry standard for protecting your Private Keys. We are utilizing a 12-word Recovery Phrase for better security and convenience of managing multiple assets. The private key for every coin and token that is supported by the wallet is derived from this Recovery Phrase. As soon as you start creating a wallet, you will be presented by the 12-word Recovery Phrase. So make sure to backup as this will be helpful if you need to restore your wallet.
How to secure the Recovery Phrase?
Create an offline backup of your phrases. Write it down and keep it secure.
If you want to try other options, learn more here: Best Practices for Storing Your Recovery Phrase
Your device has a built in encryption for storing the recovery phrase. However, you can only gain access to the recovery phrase if the device and app is accessible. The Trust Wallet team has no access to your Recovery Phrase. If the recovery phrase is lost, you lose access to your funds as well.