Trust Wallet is a cryptocurrency wallet where you can store cryptocurrencies such as Bitcoin.
You can also use the app to gain interest in your cryptocurrencies and access decentralized applications.
In addition, you can buy cryptocurrencies on Trust Wallet.
Trust Wallet is only available on the App Store and Google Play Store.
You won’t be able to use it on a desktop.
However, if you are using a decentralized application on your desktop like PancakeSwap, you can connect Trust Wallet to it.
In this tutorial, you will learn how to use Trust Wallet.
You will learn how to create a wallet, deposit a cryptocurrency, and use decentralized applications.
Table of Contents:
How to use Trust Wallet
To use Trust Wallet, you need to download it from the App Store or Google Play Store and create a new wallet.
So, you can deposit cryptocurrencies and use decentralized applications to trade tokens.
Trust Wallet is only available on the App Store or Google Play Store.
In other words, you won’t be able to use Trust Wallet on a desktop.
After downloading Trust Wallet, you need to create a new wallet if you haven’t already.
In the process of creating the wallet, you will be given a recovery phrase.
You need to use the phrase to access your wallet, so make sure you keep it safely.
If you have created a wallet in the past, you can import it by entering its recovery phrase.
Once you’ve created a wallet, there are a couple of main things you can do, including depositing cryptocurrencies and using decentralized applications.
1. Download Trust Wallet
The first step is to download Trust Wallet.
You won’t be able to use it on a desktop.
To begin with, open the App Store or Google Play Store and search for “Trust Wallet”.
Then, tap “Get” to download Trust Wallet.
2. Create a wallet
Now that you’ve downloaded Trust Wallet, open the app.
After opening the app, you will see two options.
This includes “Create a new wallet” and “I already have a wallet.”
If you already have a wallet, you can import it by tapping “I already have a wallet”.
Then, you need to verify the recovery phrase.
If you don’t have a wallet, tap “Create a new wallet” to create a new wallet.
After tapping on “Create a new wallet”, you will be given a recovery phrase.
You need the recovery phrase to access your wallet on Trust Wallet.
First, tap “Copy” to copy the recovery phrase.
This will copy the recovery phrase to the clipboard.
Secondly, it stores your recovery phrase safely.
You can paste the recovery phrase into a Word document or notes.
Thirdly, tap on “Continue” to proceed to the next step.
After tapping on “Continue”, you will land on the “Verify Recovery Phrase” page.
Now that you have stored the recovery phrase safely, you need to verify it.
To do this, tap on the words on the screen and enter them in the correct order.
You have to refer to your recovery phrase for this.
Be sure to put the words in the correct order.
Otherwise, you won’t be able to verify the recovery phrase.
After entering the words in the correct order, tap “Continue”.
After verifying the recovery phrase, you will see a pop-up “Your wallet was created successfully”.
This means that you have successfully created a wallet on Trust Wallet!
You will now be able to deposit cryptocurrencies and use decentralized applications on the app.
Tap “OK” to complete the wallet creation process.
Proceed to the next steps to learn how to deposit a cryptocurrency and use a decentralized application like PancakeSwap.
3. Deposit a cryptocurrency
Now that you have created a wallet on Trust Wallet, you can deposit cryptocurrencies into it.
First, tap on the cryptocurrency you want to deposit on the “Wallet” page.
For example, if you want to deposit BNB from Binance, tap “BNB”.
The “Wallet” page consists of only 4 cryptocurrencies including Bitcoin, Ethereum, BNB and Smart Chain.
If you can’t find the cryptocurrency you want to deposit, you need to add it manually.
To do this, tap on the Settings icon in the top navigation bar.
Then, search for the cryptocurrency you want to deposit using the search bar and enable it.
You can also paste the address of the cryptocurrency on the search bar to find it.
After touching on the cryptocurrency you wish to deposit, you will land on its wallet.
For example, if you taped “BNB”, your BNB wallet will open.
There are 4 options including “Send”, “Receive”, “Copy” and “More”.
Tap “Copy” to copy your BNB address to Trust Wallet.
You need to send BNB from Binance, Coinbase, or another cryptocurrency exchange to this address later.
If your BNB is stored on Binance, you need to send it to Trust Wallet.
First, search for “Binance” on the App Store or Google Play Store.
Then, download the Binance app, open it, and log in to your account.
You can also use the desktop version of Binance for this.
If your BNB is stored on another cryptocurrency exchange like Coinbase, you need to open Coinbase instead.
Once you’re on the Binance app, tap on the wallet icon in the bottom navigation bar.
This will open your portfolio on Binance.
Then, tap on the cryptocurrency you want to send to Trust Wallet (e.g. BNB).
This will open your BNB wallet where you can withdraw or deposit it.
Tap “Withdraw” to pick up your BNB.
The “Withdraw BNB” page will open.
On the “Withdraw BNB” page, paste your BNB address from Trust Wallet into the “Address” field.
Then, enter the amount of BNB you want to send in the “Amount” field and tap “Withdraw” to withdraw your BNB.
The withdrawal process will take about 30-60 minutes to complete.
4. Use decentralized applications
In this section you will learn how to use decentralized applications.
Trust Wallet has a DApp browser where you can use decentralized applications.
If you’re using an Android device, you can access decentralized applications directly on the app.
However, if you are using an iOS device, you need to visit the decentralized application on your browser.
First, open your browser and visit a decentralized exchange like PancakeSwap.
Once you are on PancakeSwap, you need to connect Trust Wallet to it.
To do this, tap “Connect” on the top navigation bar.
After tapping “Connect”, the “Connect to a wallet” pop-up will open.
The pop-up contains a list of cryptocurrency wallets that you can connect to.
Instead of tapping “TrustWallet”, tap “WalletConnect”.
Do not tap on “TrustWallet” as you will receive a provider error.
After tapping on “WalletConnect”, you need to select the wallet you want to connect to.
There are several wallets you can connect to.
This includes “Rainbow”, “Trust”, “Argent” and more.
Tap “Trust” to connect to Trust Wallet.
After tapping on “Trust”, you will be prompted to open the page on Trust.
Here is the pop-up message, “Open in “Trust”?”.
Tap “Open” to open the page on Trust Wallet.
After tapping “Open”, the page will open on Trust Wallet.
You will then be prompted to connect Trust Wallet to PancakeSwap.
Tap “Connect” to connect Trust Wallet to PancakeSwap.
Now you will be able to exchange BNB for another cryptocurrency on PancakeSwap!
To do this, tap on “Select a currency” and paste the address of the cryptocurrency you want to buy.
Next, enter the amount of BNB you want to trade for cryptocurrency and tap on “Swap”.
You have successfully learned how to create a wallet, deposit cryptocurrencies and use decentralized applications on Trust Wallet!
Conclusion
Trust Wallet also allows you to bet cryptocurrencies and buy cryptocurrencies with a card.
These features are not mentioned in the tutorial above.
Trust Wallet has partnered with some cryptocurrency providers from whom you can buy cryptocurrencies.
However, their fees are very high, so it is recommended to buy cryptocurrencies from Binance.
If you want to generate revenue in your cryptocurrencies, you can bet them on Trust Wallet.
Staking coins on Trust Wallet allows you to earn up to 100% APY interest.
Staking is similar to receiving interest from holding money in the bank.
To learn more about staking, you can visit this link: https://trustwallet.com/staking.
