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Cryptocurrency
After the recent incident of the FTX company specialized in cryptocurrency trading, its collapse and its suspension of withdrawals in front of its users, the masses of crypto users.
realized the need to keep their digital currencies away from the trading platforms, which have become more vulnerable than ever, and to keep the cryptocurrencies in.
external digital wallets they control. themselves in their own keys. Among these wallets that have gained popularity among users is the Trust Wallet.
What is Trust Wallet
Trust Wallet has more than 5 million users. With 65 blockchains accepted and over 4.5 million cryptocurrencies accepted, its numbers are impressive. The Trust Wallet is the official wallet of Binance. This mobile wallet boasts the security of a "cold wallet" with "hot wallet" features.
Trust Wallet coinbase is a free crypto wallet available in two versions:
- Mobile application (Android / iOS)
- And in the form of an add-on for the web browser (Chrome / Brave / Opera).
wallet. The Trust Wallet coinbase stores the private keys associated with the digital currencies on the device, not on the server. More than 4.5 million coins are supported, on all 65 blockchain networks.
Technically, Trust Wallet falls under the category of "hot wallets" or "online wallets". However, Trust Wallet has certain features such as "cold wallets" or "offline wallets"
so it is impossible to open the app without biometric authentication and without a 6-digit PIN.
It is also impossible to take a screenshot of the application. The Trust Wallet is primarily used to store cryptocurrencies (private keys, to be more technically precise).
Advantages of Trust Wallet coinbase
Swap: The exchange of one cryptocurrency for another.
Purchase: Possibility to purchase cryptocurrency with credit card, without leaving the app, which will be subject to third party service such as MoonPay and Simplex.
Staker: Putting crypto into a stake account on the blockchain.
Storage: The ability to keep private keys for cryptocurrencies securely on different blockchains.
Collect: Hold non-fungible tokens (NFTs) using Trust Wallet's dApp browser to access popular NFT marketplaces such as OpenSea or Rarible.
DeFi: Connect to popular decentralized applications (dApps), such as Uniswap, Curve Finance, and PancakeSwap.
Trust Wallet coinbase strengths
- High safety score, no major defects so far.
- Availability in several languages (Arabic is not yet supported).
- Availability as a browser add-on.
- Support for 65 blockchain networks.
Trust Wallet vulnerabilities coinbase
- Low security compared to cold wallets.
- The Help Center is only available in English at this time.
History of Trust Wallet coinbase
Trust Wallet coin was founded by US-based Ukrainian software developer Viktor Radchenko, who first heard about cryptocurrency and Bitcoin on the dark web. But it wasn't Bitcoin but Ethereum that made him try his luck in the cryptocurrency industry.
Radchenko started by designing a wallet that could contain ERC20 coins obtained through ICOs.
He then launched the Trust Wallet project in 2017, and soon thousands of users started using his crypto wallet.
The goal of the project was the mass adoption of cryptocurrencies and the ability to store them in one place, a goal that can only be achieved if the functions and options offered are easy to use. By designing a simple and accessible user interface for everyone, the app is very easy to use.
Its growing popularity then caught the eye of major cryptocurrency exchange Binance, which acquired the project along with its parent company, Six Days LLC, in 2018.
Trust Wallet is a mobile app that supports cryptocurrencies like Bitcoin, Ethereum, Solana, Polkadot, and almost every other major cryptocurrency. You can participate and stake BNB and others like Tezos and Cosmos. But Solana and Dot stakes are not supported, so you will need another wallet for that.