Sciencelovers - A crypto wallet is one of those items that you must have before you start transacting with cryptocurrencies. Today, there a...
This time, Crypto Daily will review one of the crypto wallets, namely Trust Wallet. How does Trust Wallet work as a crypto wallet and how do you use it?
What is a Crypto Wallet?
Crypto wallets basically have a mechanism similar to a regular wallet. It's just that, instead of regular money, crypto wallets store crypto currency.
Why do cryptocurrency transactions require a special wallet? This is because the way cryptocurrencies work is different from conventional currencies. Conventional currencies use a centralized model.
This means that the entire process, from printing to delivery, is managed by one party (usually the government).
Meanwhile, most cryptocurrencies use a decentralized model. The transaction validation process is carried out by the relevant parties.
This process is easy, but tends to be less secure. That's what you need a crypto wallet for. With a crypto wallet, you can store your crypto asset information without having to share it with other parties.
Get to know Trust Wallet
Trust Wallet itself is a crypto wallet application. You can use this application to store information related to your crypto assets.
Trust Wallet can be the crypto wallet of choice because the types of cryptocurrencies accepted are quite varied.
This crypto wallet can even be used to store your NFT or non-fungible tokens. To date, Trust Wallet has supported more than 1 million crypto assets as well as a total of 53 Blockchains.
Advantages of Trust Wallet
Apart from supporting multiple cryptocurrencies, Trust Wallet also has several other advantages, including:
Access security
In Trust Wallet, each user will be assigned a special encryption key to access information on their crypto assets. That way, only the rightful owner can access the stored crypto assets.
Giving flowers
Just like saving in a bank, storing your crypto assets in a Trust Wallet also provides an opportunity to earn crypto interest.
Support credit card
Another advantage offered by Trust Wallet is the use of credit cards. When you want to buy a crypto asset and store it in the Trust Wallet, there is an option to pay by credit card.
Decentralization
The Trust Wallet crypto wallet has implemented a decentralized application model. This means that you can more easily find merchants that can accept cryptocurrencies in transactions.
How to Create a Trust Wallet Account
To be able to store crypto assets in Trust Wallet, you must first have an account. Don't worry, the account creation process is not complicated and can even be done quickly. Here are the steps:
1. Download the Trust Wallet app via Google Play Store or Apple Store. This app is free.
2. Once the app is installed, open it and select the “Create a New Wallet” option.
3. Agree to the terms and policies of the application, then click “Continue”.
4. Agree to the terms regarding recovery words and click “Continue”.
5. The system will give 12 words as password. Save the password carefully because it is used to log in. After that, select “Continue”.
6. The system will ask you to enter the pre-given word. Type all the words in the correct order and click “Done”.
7. You can start using Trust Wallet as a crypto wallet.
How to Use Trust Wallet for Transactions
After the account has been successfully created, the next step is to change the FIAT currency to make it easier for you to transact. FIAT currencies are real-world currencies such as Dollars and Rupiah.
1. Go to the “Settings” menu.
2. Select “Currency”.
3. Select the desired currency. In default mode, the currency set by the system is United States Dollars.
If FIAT currency suits your needs, you can now start accepting cryptocurrency transactions. You can add the appropriate crypto assets by following these steps:
1. Open a new wallet.
2. Select the Accept option.
3. Copy the wallet address, you can also scan the QR code.
However, if you want to send crypto assets from Trust Wallet, change the option to “Send” and enter the recipient's address.
Trust Wallet is an easy-to-use and flexible crypto wallet because it accepts a wide selection of crypto assets.
In addition, this application can also be used to store NFT. How about you, have you tried Trust Wallet for crypto transactions?
