FAQs
Trust Wallet is a secure, self-custody crypto wallet supporting 10M+ assets across 70+ blockchains including crypto. Buy, sell, swap, transfer and earn crypto all in one place.
What is trust wallet used for? ›
Trust Wallet enables users to: Buy, trade, and exchange cryptocurrencies with ease, using built-in tools and third-party integrations. Purchase over 60 cryptocurrencies with fiat money using a credit or debit card. Trade or exchange cryptocurrencies using platforms like PancakeSwap, Uniswap, and OpenSea.
Is trust wallet legit and safe? ›
Is it legit? Trust Wallet is a legitimate cryptocurrency wallet app for storing and transacting different coins and tokens. It was acquired by Binance a while back, so it has backing from a major player.
Can I withdraw money from trust wallet? ›
To withdraw money from Trust Wallet to a bank account, convert your crypto to Bitcoin on an exchange, then use services like Coinbase, BitFlyer, or Binance for direct bank deposit. Alternatively, use peer-to-peer platforms for trades. Remember, processing times, fees, and available currencies vary with each method.
Does trust wallet work in USA? ›
Crypto purchases in Trust Wallet go through Ramp, which is available in most of the United States. U.S. customers can only buy crypto on Ramp with debit or credit card payments, and fees can be expensive.
What are the disadvantages of trust wallet? ›
The bad things are that there are some fake currencies on this wallet and many scammers who support these currencies. You may lose all your coins if you lose your device and your key-phrases. It has a limit to withdrawal which is an irritating point.
Does trust wallet connect to your bank account? ›
You can easily link your bank account, deposit crypto from Trust Wallet, convert to fiat currency, and withdraw.
Is trust wallet tracked by IRS? ›
Does Trust Wallet report to the IRS? Trust Wallet does not share user information or activity with the IRS (Internal Revenue Service). This puts the responsibility of reporting Trust Wallet taxes to the IRS on the user.
Can a trust wallet be fake? ›
Fake wallet apps that appear like the real Trust Wallet can trick you into giving up your secret phrase. You might come across a fake Trust Wallet app through a malicious website or an app store.
Does trust wallet hold your funds? ›
Technically, there is no funds stored on your wallet. The app holds the keys that allow you to connect to the network, check your balance and make transactions.
Like most software wallets, Trust Wallet is free to use and does not require any subscription. For in-app transactions or swaps, the wallet does not charge any fees, although users need to pay the network fee.
How much can a trust wallet hold? ›
Trust Wallet, a popular cryptocurrency wallet, does not have a specific maximum limit on the amount of money that can be stored in it. Trust Wallet is a decentralized wallet that supports various cryptocurrencies, and its storage capacity is theoretically unlimited.
Do I have to pay taxes on trust wallet? ›
Do I pay taxes on my Trust Wallet transactions? Yes. Your Trust Wallet transactions may be taxable if you have gains or income from your Trust Wallet investments.
Can I use credit card on trust wallet? ›
Choose from a range of easy payment options including debit and credit cards, mobile payments, and bank transfers.
Is Trust Wallet free? ›
Trust Wallet is free to download and does not earn anything when you use it. Fees are all paid to the miners or validators. Trust Wallet helps you manage your addresses, in order to send and receive Crypto. The app also provides the user the ability to do other Crypto transactions, like trading and staking.
How can I use trust wallet to make money? ›
Trust Wallet allows you to participate in the world of DeFi, where you can lend, borrow, or provide liquidity in decentralized applications. By lending out your cryptocurrencies, you can earn interest, and in some cases, you can earn Bitcoin as a reward for participating in liquidity pools.
Is it safe to put money in trust wallet? ›
Conclusion. Trust Wallet is arguably the more secure mobile crypto wallet available today. However, it is still essential to follow the wallet's security instructions to ensure the utmost fund security. So write down your recovery phrase and add a passcode to your wallet!
What can I pay with trust wallet? ›
It's easier than ever to pay for services using Trust Wallet. Just enter the merchant Bitcoin recipient address or scan the QR code and complete your transaction. Pay for meals, flights and more using cryptocurrencies on Trust Wallet.
What can I buy with trust wallet? ›
Flexible purchases: Trust Wallet allows users to buy cryptocurrencies from third-party platforms such as Wyre, MoonPay, Simplex and others. NFT wallet: It is also an NFT wallet, which means that users can buy, sell and store NFTs. Users can also trade NFTs from their mobile devices through the Trust Wallet app.
