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Trust Wallet is one of the best and safest digital currency wallet mobile software, which focuses on ease of use and simplicity of use, allowing users to store and exchange various cryptocurrencies with high security. Installing Trust Wallet is one of the popular solutions for storing cryptos and interacting with the world of crypto and Web 3. It is possible to directly download TrustVolt for Android and iOS operating systems. By managing private keys and providing a secure access key, Persian TrustVault provides the possibility of protecting users’ capital against unauthorized access.
Downloading the TrustWallet wallet for Android and iOS and entering the TrustWallet wallet for Iran and Iranian users have many advantages, which I intend to discuss in the following article and introduce you to how to directly download TrustWallet and how to use and install TrustWallet. show Stay with me to learn how to download and learn Trust wallet .
What is Trust Wallet?
Trust Wallet was launched for the first time in 2017 by Viktor Radchenko. In 2018, Binance Exchange acquired the TrustWallet wallet in order to provide better service. Considering that the TrustWallet wallet is a decentralized Android and iOS digital currency wallet, users do not need to enter their user ID and email to enter the TrustWallet wallet.
Trust Wallet is a very good option for Iran and users who are not interested in working with complicated applications. Although Victor Radshenko’s goal in creating the TrustVault wallet was to support ERC223 and ERC20 standard tokens, this digital currency wallet currently supports coins and tokens of other blockchains.
It is possible to download the TrustWallet wallet for Android and iOS, and users are allowed to save, receive and send currencies through it. Due to the fluctuations of digital currencies, unlike fiat currency, continuous access to the crypto wallet is one of the most important factors for users.
Installing TrustWallet as a decentralized software wallet for smartphones allows users to control digital assets along with private keys. Users can control their assets through this crypto wallet without saving any of their information.
Advantages of installing Trust Wallet
The TrustVault wallet can support 160,000 digital currencies and connect to 20 blockchains. And thus it has become one of the best open source wallets in the digital currency market. This multi-currency wallet allows users to create a backup copy of all assets, thus making wallet management easy. On the other hand, the TrustWallet wallet works well with decentralized exchanges. Unlike other decentralized wallets, this wallet has the ability to connect to decentralized applications.
This wallet has a built-in browser called Web3 (Web3) through which users can search decentralized projects and DApps safely. On the other hand, it is also possible for users to use DeFi projects so that they can enter the world of NFTs and the application of NFTs in real estate and even play blockchain games.
Undoubtedly, one of the important advantages of Trust Wallet is its simple and attractive usage, so that even beginners can use it. Below are some of the other benefits of the TrustVault wallet:
- Available and free
- Safe and secure
- The possibility of stacking
- The possibility of setting a password to enter the Trust Wallet wallet
- Ease of use, simple and user-friendly
- The possibility of access by Android and iOS operating systems
- The possibility of installing Trust Wallet simultaneously on several mobile devices
- Ability to store private keys on the user's device
- The ability to view complete assets along with the current price of digital currencies
Disadvantages of Trust Wallet
Trust Wallet has many advantages such as the ones I mentioned above. As it is not easy to find fault with this crypto wallet. But as the only drawback, we can say that this wallet is a type of hot wallet that works in hot storage or online mode. Therefore, it is not as secure as a hardware wallet due to the constant connection to the Internet. However, by observing some security tips, its potential risks can be significantly reduced. But it should be noted that even if you use a hardware wallet and ignore the security feature, users’ assets are at risk.
Of course, TrustVault wallet is currently only available for Android and iOS operating systems; From the point of view of some users, this issue is a problem for TrustVolt. But it is possible that the developer team of this crypto wallet will create a Windows version and a desktop wallet in the near future.
Read more: Desktop Wallet
Trust Wallet security for Iran
Like other digital currency wallets, the TrustVault wallet has public and private keys that make it possible to record cryptocurrency transactions. The public key of the trust wallet is like a bank account number in the traditional system, but the private key is like a card password and must be well kept by the owner of the wallet. This wallet has several security features to protect its users’ currency assets.
The effort of the developers of this wallet to protect the privacy of users and not to save and receive their information is commendable. As you know, security is one of the most important criteria that is considered when choosing a crypto wallet. Therefore, I will continue to review the security of the TrustVolt wallet:
open source
Due to the fact that this wallet is open source, if you have enough technical knowledge, you can check its source code to make sure there are no problems or challenges in the program. But it should be noted that many hackers and cyber fraudsters also have access to these codes and it is possible that if they find a security hole, they will abuse it instead of reporting it.
Possibility of backup
At the time of installing TrustWallet and entering the TrustWallet wallet to create an account, 12 recovery words will be shown to you. In case of any problem such as losing or stealing the phone, deleting the program, etc., you can easily recover your passwords on another device just by entering these 12 recovery words.
non-custodial
Trust Wallet is a non-custodial wallet. This means that the private keys related to your digital currencies are not stored in any other servers online and are kept inside your mobile phone after encryption.
TrustVault wallet encryption
When logging in to TrustWallet, you will have the option to create a password for increased security. For this purpose, you must enter the setting section and go to the security section and then follow the following steps:
- Choose a 6-character password.
- After entering the Trust Wallet wallet or signing each transaction, you must enter a 6-character password.
- If you forget your password, you can recover your password using the recovery phrase.
Backing up the TrustWallet wallet
Due to the fact that this crypto wallet is installed on your mobile phone, it is no longer possible to access it if the phone is broken or the program is deleted. To avoid such problems, you can make a backup copy of your wallet from the beginning. Otherwise, if your access to the wallet is lost for any reason, you will not be able to re-enter it in any other way.
The purpose of making a backup copy is actually to write down the 12 recovery words (Recovery Phrase) that were displayed for you during the installation of TrustVolt. Since no e-mail or phone number is registered during the installation of Trust Wallet, like other wallets, the only way to access the wallet is to use these 12 recovery words.
Access to Dex in Trust Wallet
Users can also trade digital currency in the TrustVault wallet. To buy cryptocurrency in this wallet, you can enter the Discover section and trade and invest in digital currency through one of the decentralized exchanges.
Read more: Learning to invest in digital currency
By entering DEXs such as Pancake Swap and UniSwap, it is possible to trade tokens with BEP20 standard and ERC20 standard. It should be noted that in the recent update of the TrustVault wallet, it was not possible to access the TrustVault DEX exchange and this part of the TrustVault wallet was removed.
Read more: What is dex?
Features of Trust Wallet
In addition to storing, receiving and sending a wide range of digital currencies and the things we have mentioned so far, the TrustWallet wallet also has other features, which include:
Buying digital currency through Trust Wallet
This crypto wallet has several payment networks such as MoonPay, Wyre, Simplex and Mercuryo. By integrating their service with this wallet, these payment networks allow users to buy cryptocurrencies. Therefore, users can buy Ethereum, Bitcoin and other cryptocurrencies with credit cards.
Swap and Exchange in Trust Wallet wallet
The TrustVault wallet has the ability to swap or convert and exchange cryptocurrencies. With the swap feature, users will be able to exchange different tokens from different networks with each other. By this means, users can convert their currencies without needing to complete any form and at any time without authentication confirmation.
View the price in real time through the TrustVault wallet
Users can view the price of Bitcoin , altcoins, Ethereum and ERC 20 tokens in the TrustWallet wallet. It is also possible to check the volume of transactions, time table of prices and market cap through this software wallet.
Secure access
By providing a private key to its users, this wallet ensures that the only person who has access to their assets is themselves.
A browser for DApps
The TrustWallet software wallet has a handy browser. With this browser, you will be able to find sellers and businesses that accept cryptocurrencies for their services and products.
Profit from buying cryptocurrency in Trust Wallet
Another unique feature of the TrustVault wallet is the possibility of receiving profit in exchange for buying cryptocurrency and keeping it in the wallet. This function has almost the same functionality as bank account interest. Currently, this wallet benefits its users only by holding digital currency such as Tezos, Tron, Kava, WeChain, Lotex, Callisto, Tomochain and Algorand.
Yes. The order in which recovery statements are written is very important. Users should try to keep these phrases in a safe place.
Yes. In this crypto wallet, you can convert some currencies to each other. Of course, the conversion conditions have not yet been established for all currencies.
no The use of this wallet for Iranian users does not require a filter breaker and is not sanctioned. Of course, due to the fact that this wallet works with Binance, there is a low probability of banning Iranian users. For this purpose, you can also use the fixed IP of another country, so that you can feel at ease about the sanction of Trust Wallet for Iran.
People’s acceptance and trust in cryptocurrencies is their support. Most of the people who have been affected by currencies without fiat support have been encouraged to learn digital currency and invest in it due to the decentralization and transparency of digital currencies.
