Trust Wallet – a mobile cryptocurrency wallet platform for Ethereum, Bitcoin, XRP, Ethereum Classic, Litecoin, .. ERC20 tokens and some other coins are very reputable, safe and powerful. Today’s article I Love Bitcoin will guide you how to use the latest Trust Wallet detailed from A – Z, you will know how to install, create an ETH + ETC wallet, deposit and withdraw money and backup (backup) to save money. restore Trust Wallet wallet, besides the information of Trust Wallet wallet evaluation..vv.Let’s get started…
What is Trust Wallet?
Trust Wallet is a reputable mobile wallet that supports storage Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Binance Coin (BNB), Ethereum Classic (ETC), VeChain (VET), Token ERC20, ERC721 and ERC223, the future will have more Bitcoin, EOS,..and other popular coins. Trust Wallet was created by the company Six Days, LLC, run by Viktor Radchenko. On August 1, 2018, Trust Wallet was officially acquired by Binance – the world’s leading cryptocurrency exchange, this deal makes Trust Wallet’s “HOT” spread even more.
The source code of Trust Wallet is open, secure, decentralized and anonymous. Trust Wallet also provides a private key to users, which means you are in complete control of your funds and access any other compatible wallet platform with this private key. In addition, you can exchange ETH, ETC with Tokens and vice versa directly on Trust Wallet through Kyber Network, Coinbase, Shapeshift or Changelly. Currently, Trust Wallet is available in OS versions IOS and Android.
Also, if you are using Binance DEX You can also connect or log in to this DEX platform of Binance with the very convenient Trust wallet.
How is the Coin transaction fee on Trust Wallet?
Trust Wallet does not charge users’ transaction fees. You only pay a very small fee when making a withdrawal, which Trust Wallet does not collect but will pay miners to confirm your transaction on the Blockchain network. This fee will also change depending on the time that is high or low.
What coins does Trust Wallet support to store?
Some Coins and Tokens but Trust Wallet support as I mentioned above and some other coins, I will create a table and list it all below, because later for sure Trust Wallet will support storing more coins, you just need to see this table to know which coins can be stored on Trust Wallet. I will keep updating…
Instructions on how to install and create a Trust Wallet on your phone
First you need a mobile phone and download Trust Wallet wallet app, download link for the operating system IOS and Android under:
Step 1: After downloading to your phone, open the Trust Wallet app and select “CREATE WALLET“.
Step 2: Trust Wallet will give you 12 keywords (backup) to restore the wallet, you write these 12 words on paper or save to a notepad file in the correct order from 1 – 12 and store them carefully, do not send them to anyone, because if someone has these 12 keywords, they are considered to own your Trust Wallet. When done, press “Next“.
Step 3: Trust Wallet will ask you to confirm the 12 keywords above, click on the correct order from 1 to 12 as above to confirm, then click “Done“.
Step 4: Notification Create a Trust Wallet success, you choose “Done“.
Next, I will introduce some key features on Trust Wallet for you to understand.
Instructions on how to use Trust Wallet on mobile phones
1. Trust Wallet Features Overview
Here is the interface of Trust Wallet After you complete the wallet creation steps, some key parts of Trust Wallet are as follows:
- Square: History of all your transactions
- Cryptocurrencies…: Select to see all coins
- Collection: This is like favorite coins
- Sign +: Choose to add other coins/tokens
- 0.0 US$: Total balance value of all your coins/token features USD tính
- Wallet: It is the interface you are viewing
- DApps: Decentralized applications on the network of Ethereum and other coins
- Setting: This section will include some of the features I will discuss in detail below:
When you choose “Setting” will have some other features like:
- Wallet: This is your wallet, you can change the wallet name and review 12 recovery keywords here.
- Key Code/FaceID: Extra security feature when opening the wallet, depending on the phone type, there will be a corresponding option, select pop up to set up a PIN when opening the wallet, Iphone X will have FaceID.
- Notices: Turn on/off notifications from Trust Wallet
- Currency: Select the currency displayed on the wallet, no VND yet
- Distributed Browser: Trust Wallet Network Browser
- Privacy: This is some privacy, you don’t need to care too much
- Transactions: You can set the transaction fee as you like, select Transaction Cost will have 3 options: Cheap fee, slower time, high fee, faster.
- Cheap: Cheap fee
- Regular: Average fee
- Fast: High fees
- Besides, there is some information about the social code pages as well as the contact and support of Trust Wallet below.
2. How to add (add) Tokens and Coins to Trust Wallet
When you’ve just created your wallet Trust Wallet will only display Ethereum, you can add other coins and tokens to Trust Wallet as follows:
Step 1: On the Trust Wallet interface, select the “+“.
Step 2: For existing coins, you just need to tick to choose, and for Tokens, you have to manually add them using the Smart Contract address. I will make an example with copper Binance Coin (BNB), you continue to select the “+“.
Step 3: In box “Contract address“You enter the smart contract address of the Token you want to add, copy and then click on the word “Paste” is the information below will automatically display, then you choose “Accomplished“. If you don’t know how to get the smart contract address of a certain Token, inbox me via Fanpage I Love Bitcoin Or leave it in the comment section at the end of the post, I will support you.
That’s it, you can see Binance Coin added Trust Wallet mine.
3. How to get ETH, ETC and other coins wallet addresses on Trust Wallet
If someone wants to move Ethereum, Ethereum Classic, or the Tokens for you then you just take wallet address of that coin on Trust Wallet Send them to them to transfer in, or you can buy coins on exchanges and deposit. To get the coin wallet address you do the following:
Step 1: You choose the coin you want to get the wallet address, for example with Ethereum Classic (ETC).
Step 2: Click on “Take“.
Step 3: You will see ETC coin wallet address your wallet as below, I circled in red, above is the QR-code, you click “Copy wallet address” to copy.
4. How to create a new Trust Wallet
You can create as many Trust Wallets as you want, and manage them all on the same Trust Wallet app. To create a new wallet, do the following:
Step 1: You choose “Setting“below and select”Wallet” on.
Step 2: Continue to select the “+“
Step 3: At this step you do the same as when Create a Trust Wallet above, you choose “Create a wallet“.
Step 4: Write and save 12 wallet recovery keywords and press “Continue“.
Step 5: Confirm the 12 recovery keywords in the correct order, then select “Done“.
Step 6: Done, you choose “Done“.
You can see that you have added a new Trust Wallet, which wallet you want to use, click on it.
You can rename the wallet, or review the 12 recovery keywords, by clicking on it. Click “Show Backup Phrase” to review 12 keywords.
Instructions on how to deposit / withdraw ETH, ETC, Token from Trust Wallet
1. How to top up Trust Wallet
To Top up Trust Wallet then it’s simple, you just need to get the wallet address of the coin you want to deposit and then transfer it, I will guide you how Ethereum Classic Go to Trust Wallet, if you don’t have ETC, you can go Binance exchange to buy, and if you want to buy Ethereum, go through Remitano floor Buy in VND for convenience, after buying ETC on Binance, you can withdraw to Trust Wallet to store as follows:
Step 1: On Binance you choose your account and click on the balance, below the search box enter “ETC” and select “Withdrawal“.
Step 2: You enter the withdrawal information as follows:
- ETC Withdrawal Address: Enter the ETC wallet address on Trust Wallet
- Amount: Amount of ETC you want to withdraw
- Transaction Fee: Withdrawal fee is 0.01 ETC
- When done, select “Submit“
Soon after, Binance will send you an email to confirm this withdrawal, go to the email and click on “Confirm Withdrawal“It’s done. ETC coin’s transaction confirmation time is quite fast, about 10 minutes you will see ETC on Trust Wallet. As you can see ETC has returned to your wallet.
Below the “Today” is the txid, you click to see the transaction details.
2. How to withdraw money from Trust Wallet
I will continue to do instructions to withdraw money from Trust Wallet with Ethereum Classic and transfer to Binance for trading, with other coins like ETH, Token, you can do the same.
Step 1: First you have to get the ETC wallet address on Binance, you choose the account and click on the balance, below enter “ETC” and select “Deposit“.
Step 2: The part I circled in red below is your ETC wallet address on Binance, you copy and move on to the next step.
Step 3: On Trust Wallet,…