The cryptocurrency wallet Trust Wallet was developed in 2017 by "SIX DAYS LLC" under the leadership of Viktor Radchenko. In 2019, an offer was made to purchase Trust Wallet by the cryptocurrency exchange Binance. After this deal, Trust Wallet became more popular thanks to staking and integration with DeFi and NFT markets, significantly increasing its attractiveness.
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Description of Trust Wallet
This multifunctional wallet provides users with convenience and flexibility, allowing them to control their cryptocurrency assets and simultaneously trade on DEX. This means that clients can securely store their digital assets and participate in trading operations and exchange cryptocurrency on the exchange, all in one application.
Trust Wallet supports 65 different blockchains and over 4.5 million cryptocurrencies. In this wallet, users can purchase cryptocurrency through various exchanges such as Mercuryo, Ramp, Transac, and others. Additionally, the wallet provides the opportunity for quick cryptocurrency purchases through a user account on the Binance exchange.
This versatility makes Trust Wallet an attractive solution for both beginners and experienced cryptocurrency investors, offering the ability to easily manage their assets and participate in the dynamic world of cryptocurrency operations.
Staking
One of the main features of Trust Wallet is the ability to participate in staking, which allows users to earn interest by holding certain cryptocurrencies. Trust Wallet supports over 23 assets that can be sent to staking directly through the application.
By using the staking and farming features provided by Trust Wallet, users can earn a stable income in the form of interest while keeping it within the wallet.
| Token | Percentage APR |
|---|---|
| Solana SOL | 6.5% |
| Tezos XTZ | 6.08% |
| Sui SUI | 5.6% |
| TRON TRX | 5.06% |
| Cardano ADA | 4.34% |
| Binance Coin BNB | 5.13% |
It is important to note that the wallet provides users with the ability to interact with decentralized protocols. Therefore, when a user decides to use staking, the security of asset storage depends entirely on the user themselves, rather than on the project team. Trust Wallet acts as an intermediary, simplifying the validation process for its users.
Interaction with DApps
Trust Wallet provides a built-in browser extension that enables interaction with decentralized applications (DApps). These DApps include:
- Marketplaces;
- Crypto exchanges;
- Lending platforms;
- Games.
This application can be considered a full-fledged Web3 browser, providing a secure and reliable connection between the user, the Ethereum network, and DApps.
The Trust Wallet application interface is optimized specifically for the maximum convenience of mobile device users. This makes it an ideal tool for interacting with the diverse world of decentralized applications directly from your smartphone. Thus, users can enjoy the convenience and security of interacting with DApps and various services in the cryptocurrency and blockchain world.
Trust Wallet NFT
Trust Wallet provides secure and safe storage for NFTs, offering users a convenient way to view, send, and receive non-fungible tokens directly from the application on their mobile devices or computers.
What's particularly valuable is the fact that Trust Wallet supports not only Ethereum but also Binance Smart Chain (BSC). This expands the possibilities for NFT owners, allowing them to interact with various NFT marketplaces and collections on both blockchains, opening up broader opportunities for managing and trading their non-fungible tokens.
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