Discover Trust Wallet with our comprehensive FAQ guide. Learn about setup, fund management, token swapping, and more to enhance your cryptocurrency experience.
Owning a reliable and user-friendly cryptocurrency wallet like Trust Wallet is essential for safely managing your digital assets. With its intuitive interface, robust security features, and support for multiple cryptocurrencies and tokens, Trust Wallet empowers users to take control of their financial future.
Whether you're looking to buy, sell, or exchange digital currencies, Trust Wallet provides all the tools you need in one convenient app. This article serves as a Trust Wallet FAQ guide, answering common questions and walking you through how to use Trust Wallet effectively.
👉 Get Started With Trust Wallet
Getting Started with Trust Wallet
How to Install Trust Wallet?
Trust Wallet is available as a mobile app for both iOS and Android devices. Visit the App Store (iOS) or Google Play Store (Android) and search for "Trust Wallet". Alternatively, you can download and install the app directly from the official website.
After installing the app, you can create a new wallet by following these simple steps:
- Select "Create New Wallet" and review the Terms of Service and Privacy Policy.
- Set up a 6-digit passcode as your security code to access your wallet.
- Back up your wallet by writing down the 12-word recovery phrase displayed on the screen. This phrase is crucial for recovering your wallet in case of loss or theft.
- Confirm your recovery phrase by selecting each word in the correct order.
I'm a Google Extension Trust Wallet User. How Can I Use the Same Wallet in the Mobile App?
To use your existing wallet in the Trust Wallet mobile app, simply import your wallet using the recovery phrase (seed phrase). This 12-word phrase serves as a universal backup solution to restore your funds across different devices.
How to Receive Cryptocurrency in Trust Wallet?
To add funds to Trust Wallet, you can receive cryptocurrency from another wallet/exchange or purchase directly within the app. Here's how:
Receiving Cryptocurrency:
- Open the app and select the token you want to receive (e.g., Bitcoin, Ethereum).
- Tap "Receive" and copy your wallet's public address or scan the QR code.
- Share this address with the sender and wait for the transaction to appear in your wallet.
Purchasing Cryptocurrency:
- Open Trust Wallet and select the "Buy" option.
- Choose the asset you want to purchase and follow the steps to complete the transaction using your linked payment method.
How to Send ETH and Tokens?
To send ETH or other tokens from Trust Wallet:
- Open Trust Wallet and tap "Send".
- Select the token you want to send.
- Enter the recipient's public address or scan their QR code.
- Input the amount you wish to send.
- Confirm the details and set the appropriate network fee.
- Tap "Send," and the transaction will be broadcast to the blockchain. You'll be able to track its status in the app.
How to Transfer Existing Tokens to Trust Wallet?
To move your digital assets from another wallet or exchange to Trust Wallet:
- Open the wallet/exchange where your tokens are currently stored.
- Copy the public address of your Trust Wallet for the token you want to transfer.
- To find this address, open Trust Wallet, select the token, and tap "Receive".
- In your existing wallet/exchange, initiate the transfer and paste your Trust Wallet address as the recipient.
- Confirm the transaction, and your tokens will appear in Trust Wallet once processed on the blockchain.
Managing Your Digital Assets
Which Tokens Does Trust Wallet Support?
Trust Wallet supports a wide range of cryptocurrencies and tokens across multiple blockchains. In total, Trust Wallet supports over 10 million assets across 100+ blockchains. You can explore new tokens or add custom tokens (which may not be displayed by default) by entering the token's contract address.
Does Trust Wallet Support NFTs?
Yes, Trust Wallet supports NFTs (Non-Fungible Tokens). You can manage over 600 million NFTs across various networks directly in the app. To view your NFTs, simply open the app and navigate to the "NFTs" section.
Can I Swap Tokens?
Yes, Trust Wallet integrates a decentralized exchange (DEX) feature that allows you to swap one token for another. Here's how you can swap cryptocurrencies using Trust Wallet through our trusted partners. In this example, we'll use Solana and BODEN:
- Select "Swap" from Trust Wallet's home screen.
- Ensure Solana is selected in the "From" network field and choose SOL as your token.
- Ensure Solana is selected in the "To" network field and choose BODEN as your token.
- Enter the amount of SOL you want to swap.
- Select "Continue" and complete the remaining steps.
Can I Use a Hardware Wallet with Trust Wallet?
Yes, you can use a hardware wallet, particularly Ledger devices, with Trust Wallet. Trust Wallet integrates support for Ledger devices through the Trust Wallet browser extension.
Payments
What Is My Public Address?
Your public address is a unique identifier on the blockchain that allows others to send cryptocurrency to your wallet. To find your public address for each supported token in Trust Wallet:
- Open the app and select the token you want to receive.
- Tap "Receive".
- Choose the token you wish to receive.
- You'll see a QR code and a string of characters—this is your public address. You can copy the address or share the QR code.
How to Deposit/Receive/Send?
To receive/deposit cryptocurrency, share your public address with the sender. To send funds, follow these steps:
- Open Trust Wallet and tap "Send".
- Select the token you want to send.
- Enter the recipient's public address or scan their QR code.
- Input the amount you wish to send.
- Confirm the details and set the appropriate network fee.
- Tap "Send," and the transaction will be broadcast to the blockchain. You'll be able to track its status in the app.
Swapping Tokens
How to Swap Tokens on Trust Wallet?
Swapping tokens on Trust Wallet is quick and easy thanks to the built-in decentralized exchange (DEX) feature. Here's how to use Trust Wallet's swap functionality: In this example, we'll swap SOL for BODEN.
- Select "Swap" from Trust Wallet's home screen.
- Ensure Solana is selected in the "From" network field and choose SOL as your token.
- Ensure Solana is selected in the "To" network field and choose BODEN as your token.
- Enter the amount of SOL you want to swap.
- Select "Continue" and complete the remaining steps.
Why Can't I Find a Token in Trust Wallet's Swap Feature?
Trust Wallet's swap feature relies on decentralized exchanges (DEXs) to aggregate liquidity. If you can't find a specific token in the swap feature, it's likely that the token lacks sufficient liquidity on these DEXs.
Low liquidity means there aren't enough buyers or sellers for that token, making it unavailable for swapping. Additionally, the token might be new or not listed on the DEX.
What Is Slippage?
Slippage refers to the difference between the expected price of a transaction and the price at which the transaction is executed. It can occur due to market volatility or insufficient liquidity. You can adjust the slippage tolerance in the swap settings to minimize the impact of slippage.
Does Trust Wallet Charge Swap Fees?
Trust Wallet doesn't charge any additional fees for swapping tokens in-app. However, users are required to pay the network fee (also known as gas fee) associated with the blockchain network used for the swap transaction. This network fee is paid to the validators or miners processing the transaction on the blockchain. Gas fees vary depending on the blockchain's current traffic and network congestion, but Trust Wallet itself doesn't collect any extra fees to facilitate the swap.
Note: Trust Wallet is a non-custodial wallet, meaning you're responsible for securing your recovery phrase and private keys. Always keep them safe and never share them with anyone.
👉 Explore More About Trust Wallet
Frequently Asked Questions (FAQs)
1. Is Trust Wallet safe to use?
Trust Wallet employs robust security measures, including encryption and local storage of private keys. However, users must safeguard their recovery phrase and avoid sharing it with others.
2. Can I recover my Trust Wallet if I lose my phone?
Yes, you can recover your wallet using the 12-word recovery phrase. Ensure you've backed it up securely.
3. Does Trust Wallet support staking?
Yes, Trust Wallet supports staking for various cryptocurrencies, allowing you to earn rewards directly in the app.
4. How do I add a custom token to Trust Wallet?
To add a custom token, navigate to the wallet's settings, select "Add Custom Token," and enter the token's contract address, symbol, and decimals.
5. Are there any fees for receiving cryptocurrency in Trust Wallet?
No, Trust Wallet doesn't charge fees for receiving cryptocurrency. However, senders may incur network fees.
6. Can I use Trust Wallet without an internet connection?
No, Trust Wallet requires an internet connection to interact with the blockchain and perform transactions.
Conclusion
Trust Wallet is a powerful, user-friendly cryptocurrency wallet that gives you complete control over your digital assets. Whether you're new to cryptocurrency or managing a diverse portfolio, Trust Wallet provides an intuitive platform to store, send, receive, and swap tokens. Its support for a wide range of assets, including NFTs, makes it an ideal choice for users looking to manage their assets in one place.
By following the steps outlined in this Trust Wallet FAQ, you can confidently navigate Trust Wallet's key features, from account setup to securely managing and swapping tokens.