Trust Wallet is an open-source, decentralized, mobile crypto wallet and for new users and investors, this wallet is one of the best crypto wallet that supports over 160K+ assets and blockchains and allows traders to stake their crypto coins to earn interest. The wallet was originally designed to hold the ERC20 and ERC223 tokens only but has now been developed to hold other leading cryptocurrencies like Bitcoin. The wallet has a built-in Web3 browser that allows users to buy cryptocurrencies through the native DEX (decentralized exchange) that operates on the Kyber Network. It also allows users to access the various DApps (decentralized applications) built on the Ethereum platform directly through the Trust Wallet app.
The Trust Wallet app can be downloaded for free from the Apple Store or the Google Play Store. It is also compatible with Android devices as its code is written in the native languages of each of the platforms; iOS Swift and Android’s Java. The application runs on iOS 10.0 versions or higher and Android 5.0 or higher.
The Trust Wallet mobile app works in the following ways:-
Trust Wallet was founded by a US-based Ukrainian software developer Viktor Radchenko, who first heard about digital currencies via the use of Bitcoin on the dark web. But it was not Bitcoin but Ethereum that urged him to try his luck in the crypto industry. He began to feel motivated when he began to develop a mobile application to help truckers find parking lots and other amenities. After successfully launching the tracking app, Victor gained the confidence to design a wallet that can hold ERC20 tokens acquired through ICOs.
He began his Trust Wallet project in 2017, and soon its functionality with the standard ERC20 tokens attracted thousands of users all around the world for crypto investment by trying the wallet crypto portfolio. The onus of the project was mass adoption of cryptocurrencies which is only possible if the means are easy to use. Letting people buy digital assets through convenient means like a bank account or a credit card will urge them to buy more, and this is what Trust Wallet counts on. It also gives bank-level security to the users.
Thus, the app is made user-friendly by designing an easy user interface that is accessible to all. The app’s growing popularity caught the attention of leading cryptocurrency exchange Binance, which acquired the project along with its parent company, Six Days LLC, in 2018.