Free-to-use cryptocurrency app
Trust Wallet is a decentralized mobile cryptocurrency wallet that supports over 160 digital assets and enables users to gain interest by staking their coins. It also has a built-in Web3 browser that allows users to access Ethereum-based decentralized applications (DApps).
It was created to carry ERC20 and ERC223 tokens, but it now also accepts tokens created on other blockchains, including, of course, Bitcoin. Coins can be purchased by Trust Wallet’s native decentralized exchange (DEX), which is powered by the Kyber Network. Since the code is completely open-source, you are free to test it out or improve the app yourself.
Does Trust Wallet have KYC?
Trust: Crypto & Bitcoin Wallet is available for free download on mobile. The fact that its code was written in the native languages of each device — Swift and Java — accounts for much of its usefulness. As previously said, the program’s code is completely open-source, so programmers, security researchers, and anybody else involved in peer-reviewing it are welcome to do so.
Stateful, a security consultancy, audited the app, and the results can be found online. User privacy and confidentiality are two other core aspects of Trust Wallet. When creating a new account, it does not need any KYC, and as a non-custodial wallet it does not hold user data. Users should also save their private keys locally on their computers rather than on Trust Wallet’s servers.
The user interface is simple and easy to use — importing and setting up are uncomplicated. Trust Wallet has grown in popularity as a result of this, thanks in part to its continuing relationship with Binance. Trust Wallet has no upfront fees or monthly fees. The only costs incurred are those associated with transaction handling, which is billed either to miners or to those proof-of-stake chains that do so.
Send, receive and store Bitcoin safely
Overall, Trust Wallet is easy to use, and the user interface makes using it as simple as can be. It also has an array of backed assets for you to access. Lastly, the adoption of Trust Wallet as an official partner by the world’s largest exchange and one of the most well-known names in the crypto industry is a vote of confidence for users.
