How to Setup Trust Wallet and How to Use It

Cryptocurrencies are silently inching towards their desired integration within the community – seeing instances wherein some are now starting to transition from the conventional financial exchange to a more virtual and digital approach. 

Of course, this is not saying that the crypto community is now slowly being assimilated within the public, considering that not everyone has the means just yet to utilize digital currencies in physical transactions fully, but it does show that the crypto community is succeeding in achieving its milestones and is consistently improving its accessibility to hopefully include the rest of the population in its more efficient procedures soon.

We understand that it might be challenging and daunting for many at first, considering that several steps might confuse some individuals, particularly those who are not as literate when it comes to these digital processes and technological procedures. However, it is essential for you likewise to be aware that the steps are pretty straightforward once you start going through the process and that each step would often be guided by a set of instructions that are likewise available in the application itself.

Why not start with Trust Wallet while you’re at it?

GETTING TO KNOW TRUST WALLET

WHAT IS TRUST WALLET?

Trust Wallet is a crypto application that allows the deposit of multiple types of crypto tokens or coins. It is an application that Binance acquired in 2018, and its main features include the storage, sending, receipt, and exchange of different cryptocurrencies covered under its supported currencies. All these currencies can be stored within one account, and this may include some of the most well-known tokens within the community, such as Bitcoin, Ethereum, Ethereum Classic, Binance Coin, or Ravencoin. Trust Wallet likewise allows the staking of currencies on certain proof-of-stake coins such as Tezos, Cosmos, and Tron.

REQUIREMENTS TO INSTALL TRUST WALLET

To install Trust Wallet on your selected device, you need to consider the installation requirements necessary for the application to be successfully utilized on your phone or gadget. In the case of android users, the app would require a device with at least an android version 6.0. On the one hand, apple device users would have to use a device that contains an iOS version of at least 13.0. Any devices with an OS version that is older or lower than the device versions identified might not fully support the transaction – compromising your wallet, especially in cases where you have already started to purchase tokens in the application. If you are wary about the finances you will be adding to your wallet, follow the requirements eagerly to ensure that you will not encounter any problems later.

INSTALLATION INSTRUCTIONS

To begin Trust Wallet, you would first have to install the application either from the Google Play Store or the Apple App Store. Look for the application within these online stores and download them to your gadgets, given that you have enough space to support its installation. Depending on your network’s internet speed, you would have to wait for a few minutes, and once installed, the application will now be ready to use as you set up your initial account and wallet.

STEPS IN SETTING UP TRUST WALLET

Before you could begin using your wallet to process your transactions and purchase specific tokens within the market, you would first have to set up your account and go through some initial processes that will enable you to access the features offered by Trust Wallet to its users. 

DOWNLOAD THE APPLICATION

Similar to what was previously discussed, you would first have to download the Trust Wallet application from any of the sources mentioned above. The most common ones would be the Google Play Store and the Apple App Store, where you could search for the wallet and then click Install. However, you could also obtain an APK copy of the application, particularly for those who do not have access to these online application stores, such as Huawei device users. The APK can be accessed from the Trust Wallet website at trustwallet.com/download. You would have to click on the Download button, choose the Download APK 6.0+ Android option, and automatically commence the download. Following that, you would then have to open the downloaded APK file, and a prompt will show that it contains the permissions required to install the application. Do note that you would have to enable the Install Applications from Untrusted Sources option within your phone for the installation to push through. Once confirmed, you may click Install, and the application will now be available to use within your device.

WITHDRAWING BEP-20 TOKENS FROM BINANCE

As the final step in your Trust Wallet account setup, you would now have to deposit funds into your wallet. Given that you could complete the previous steps successfully, you could now proceed to this phase of your setup.

LOG IN TO YOUR BINANCE ACCOUNT

You would first have to log in to the Binance account you created previously, then proceed to the Wallet drop-down menu at the top right corner of the screen. From the options, you may then select Overview.

SELECT WITHDRAW

On the wallet overview page, you would be presented with several options, but you would have to select the Withdraw button to begin transferring your funds.

SELECT THE COIN AND THE WITHDRAWAL ADDRESS

In the withdrawal menu, you will be prompted to select the currency you want to transfer. For this guide, we will be using BNB as our currency, and then you would have to enter the wallet address that you were able to get earlier from Trust Wallet (the string of characters below the QR code). 

Once done, you will then select BNB Smart Chain as the network of your choice for the transfer, selecting the BEP-20 variation for the transaction. You should then enter the amount that you want to withdraw.

CONFIRM TRANSFER

A pop-up will appear that will ask you to confirm the transaction. Selecting Confirm will then send a verification code for the withdrawal that you must enter to approve the transfer.

If the transfer did not encounter any errors, your funds would now be available in your Trust Wallet storage within a few minutes. Congratulations!