How many blockchains Trust Wallet support? Choosing the right wallet is one of the most important steps you should take into account when investing in crypto currencies; Because your property should be kept in a safe place and accesses will be created for you, making you unnecessary of any other means. In this article on the Shetcoiner site, we want to consider this issue; So stay with us until the end of this article.
What is trust wallet? How many blockchains Trust Wallet support?
Trust Wallet is an open source, decentralized and mobile crypto wallet that users and investors recognize as one of the best crypto wallets that supports more than 160,000 assets and blockchains and allows traders to allows them to share their crypto coins to gain interest. The wallet was originally designed to hold only ERC20 and ERC223 tokens, but has been developed to hold other leading cryptocurrencies such as Bitcoin.
This wallet has a web3 browser that allows users to buy crypto currencies through a DEX (decentralized exchange) that works on the network. It also allows users to access various DApps (decentralized applications) built on the Ethereum platform directly through the Trust Wallet application. In the following, we would like to point out some features of this wallet:
- Binance acquired Trust Wallet in June 2018.
- Supports a wide range of crypto currencies for trading.
- Offers multiple crypto assets for staking.
- It does not charge any fees or subscription from its users.
- It has more than 5 million active users worldwide.
How does trust wallet work? how many blockchains trust wallet support?
Trust Wallet connects different blockchain networks through chains. Each blockchain network has its own set of public addresses where cryptographic assets are stored and encrypted. Trust Wallet does not store any crypto currency on its servers. It only allows users to access their wallets. It is a free-to-use program where users do not earn anything when they use it and all transaction processing fees go to validators or miners. Trust Wallet helps users manage their public addresses for sending and receiving crypto currencies. The app also allows users to perform other crypto transactions as well.
How to use this wallet?
Getting started with the Trust Wallet app is simple. All users have to do is download the app for free from Google Play or App Store. After completing the download and installation process, users will be prompted to select an option to create a new wallet or import an existing wallet. If you don’t have a wallet, click on create a wallet; In this section, it asks you to keep your recovery phrases in a safe place.
Don’t forget these phrases are very important and, in the future, they are your only way to recover your account. Write them down in a safe place. After this step, it asks you to enter them again to make sure that you wrote them down. Now you have access to your wallet and you can use it.
In this article on the Shetcoiner site, we have reviewed the Trust wallet and we have also explained how many blockchains Trust Wallet support. Don’t forget when you choose a wallet to store your assets; Be sure to write down the recovery phrases in a place; Because they are very important and will be your only way to access your wallet.