Trust Wallet is a decentralized wallet that allows you to store and manage your crypto assets in one place, without the need for third-party services or centralized servers.
It’s also an ERC20 token based on the Ethereum blockchain.
Trust Wallet has gained in popularity due to its ease of use, accessibility, and security features. But how can you sell on Trust Wallet?
In this article, we will look in detail at the benefits of Trust Wallet, how it works, and how you can sell through the platform.
What Is Trust Wallet?
Trust Wallet is a mobile wallet from the team behind Mycelium, one of the world’s most popular Bitcoin wallets.
It was originally released for iOS in December 2017 and it has since been updated to support Android as well.
The app supports both BTC and ETH.
It features an intuitive interface and a unique design that makes it stand out among other wallets.
Unlike many other apps that only offer basic functions such as sending and receiving money, Trust Wallet offers more advanced features such as multi-coin storage, trading, and exchanges.
It’s important to note that the Trust Wallet platform does not have any ties to the company or its founders.
The developers are independent and they work on their own time.
This means that the project is completely open-source and anyone can contribute to the development of the application.
There are no fees associated with using Trust Wallet. In fact, the app is free to download and use.
However, if you decide to make purchases through the app, there are optional subscription plans available.
Why Should You Get A Trust Wallet?
Trust is a cryptocurrency wallet that was launched in 2017. It’s one of the most popular wallets for storing and trading cryptocurrencies.
The company has been around since 2014, but only recently started to gain popularity due to its unique features.
Trust Wallet is designed to help users keep all of their digital assets safe and secure.
It works across different operating systems, so whether you use Windows, MacOS, Linux, or Android, you should be able to access your crypto safely.
The app is completely free to use and it doesn’t require registration. There are no hidden charges or limitations.
In addition to offering a secure environment where you can store your coins, the app also includes several useful tools that allow you to trade, buy, and sell cryptocurrencies.
How To Sell On Trust Wallet
Trust Wallet is a mobile wallet that allows you to store multiple coins at once.
The app also has a built-in exchange feature that lets you easily convert between various cryptocurrencies.
Trust Wallet is a great way to manage your cryptocurrency portfolio.
If you want to sell some coins, you can simply send them to another user or even withdraw them from the app.
You can do this by tapping the “Withdraw” button in the top right corner of the screen.
The process is very simple and easy to use. Just select the coin you wish to sell, enter the amount you would like to receive and confirm it with your phone number.
You will be able to see the transaction ID under the “Transaction History” section.
This is how you can track the status of the transaction as well as the funds being transferred.
Trust Wallet also has an exchange feature where you can buy or sell your cryptos with fiat currencies like the US Dollar (USD), Euro (EUR), and British Pound Sterling (GBP).
To use this feature, you must be logged into your Trust Wallet account. Then, select the “Exchange” tab on the top menu bar.
On the next screen, you will find two tabs: “Buy” and “Sell.” Clicking either one will take you to a page where you can choose the amount of BTC, ETH, or USDT you want to purchase.
Once you have selected the desired amount, click “Continue.”
A pop-up window will appear asking you to confirm the transaction.
Once confirmed, the funds will be transferred from your Trust Wallet account to the exchange platform.
The process is similar when you want to buy assets.
Trust Wallet Features & Pros
Security
One of the main reasons people choose to use a wallet is because they want to protect their funds from hackers and thieves.
Trust Wallet takes security seriously and it uses strong encryption technology to ensure that your information remains private.
Your wallet address is generated randomly when you create an account and it cannot be traced back to you.
Your personal details are stored securely on the device itself and not on any server.
The app encrypts your data before it sends it over the internet.
This ensures that even if someone gets hold of your phone, they won’t be able to steal your funds.
You don’t need to worry about losing your keys either.
If you lose them, you will still be able to recover your funds by entering your 24 word recovery phrase.
Trading Platform
Trust Wallet allows you to trade between multiple cryptocurrencies.
The app lets you manage your portfolio and view charts, graphs, and news feeds.
You can easily switch between fiat currencies and cryptocurrencies.
You can also convert between major altcoins such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and others.
When you first install the app, you will see a list of exchanges available within the app.
These include Binance, KuCoin, Bitfinex, HitBTC, OKEx, Huobi Global, Gate.io, Poloniex, Kraken, Coinbase Pro, Gemini, Bittrex, and many more.
You can add new exchanges too. Just click “Add New Exchange” and enter the URL of the exchange you wish to connect to.
Once connected, you can start buying and selling cryptocurrencies.
There is also a built-in order book that shows you the current market prices for each coin.
You can place orders to buy or sell specific amounts of certain coins.
You can also set up alerts to notify you whenever there is a price change in one of your favorite coins.
For example, you could set up an alert for ETH/USD and receive email updates every time the price changes.
You can also follow popular traders and track their activity. This way, you can get an idea of how much money they have made and lost.
It’s important to note that all trades are done through smart contracts.
This means that the transaction is irreversible once initiated. It’s impossible to reverse a transaction after it has been completed.
As long as both parties agree to the terms of the contract, the deal will go ahead.
However, if one party doesn’t fulfill its obligations, then the other party can cancel the transaction.
This feature makes trading safer than using centralized exchanges where users often face problems with delayed transactions and high fees.
User Experience
The user interface is very simple and easy to navigate.
There are no complicated steps involved in creating an account or sending or receiving payments.
You just need to sign up and log in to your account. After that, you can send and receive crypto safely and securely.
You can access your account at any time and check your balance.
You can also deposit and withdraw fiat currency directly from your bank account.
Frequently Asked Questions
Can I Withdraw Money From Trust Wallet Directly To A Bank Account?
At this moment you can not withdraw money from Trust Wallet directly to a bank account.
However, this is a feature that Trust Wallet is looking to explore in the future.
What Is A DEX?
Trust Wallet swap function uses a DEX, also known as a decentralized exchange.
How Do I Withdraw My Crypto?
Once you have withdrawn your crypto or stablecoins to a centralized exchange (with FIAT markets available) you can then cash out of your crypto.
If you want to withdraw your crypto from Trust Wallet, regardless of if this is a standard cryptocurrency or a stable coin the method is the same: Navigate to the “Wallet” tab at the bottom of your Trust Wallet app and click the ‘Withdraw’ tab.
How Do I Withdraw Money From Trust Wallet To A Bank Account?
To withdraw money from Trust Wallet to a bank account, you’ll first need to withdraw your crypto to an exchange such as Binance.
You can then cash out your cryptocurrency to your chosen bank account.
What Is The Transaction Cost?
When sending a transaction, just be aware that you will need to pay a transaction cost for withdrawing which will depend on which blockchain (or network) you’re sending this on.
Why Does The Transaction Fee Vary So Much?
It depends on what blockchain (or network) you’re sending your transaction through.
Some networks charge very little while others are more expensive.
Final Thoughts
If you are looking for a secure, easy-to-use, and convenient cryptocurrency wallet, Trust Wallet might be the right choice for you.
It offers a wide range of features including security, privacy, and ease of use.
In this article, we have covered all bases on what Trust Wallet is, how it works, and how you can sell through it.
If you’re looking for the best digital wallet for your assets, then you won’t go far wrong with Trust Wallet.
