Trust Wallet offers the following core features to its users :-
Easy to Use Interface – The user interface of Trust Wallet is simple, straightforward, easy to be downloaded and installed on your mobile devices. This has helped the platform to accrue over 5 million active users to date and also bag a partnership deal with one of the leading cryptocurrency exchanges of the world- Binance.
Free Download – Trust Wallet is entirely free to download from the Google Play Store or the Apple Store. The platform also does not charge any initial fees or subscription fees for its services from its clients.
Privacy and Security – Though Trust Wallet, by its nature (being a software wallets), cannot ensure security measures as strong as hardware wallets, the platform tries to make sure that the clients’ funds are safe. It conducts regular audits via the leading security firm Stateful.
The app also employs other security measures like pin code scanning or fingerprint scanning to add an extra layer of security. These measures can be manually activated by the user by customizing the “Settings” function in the app as soon as he signs up into his wallet.
Never Stores User Information on Its Servers – Trust Wallet allows users to store the keys of their wallets in their personal computers rather than storing them on the Trust Wallet servers. This puts the users into sole responsibilities to securely store private keys.
No KYC Confirmation Required – Trust Wallet does not ask its users for any KYC compliances while setting up their account on the Trust Wallet app because it is a non-custodial official crypto wallet app that does not store any user data on their servers.
Allows Staking – The Trust Wallet platform allows staking of Tron (TRX), Tezos (XTZ), VeChain (VET), Callisto (CLO), Cosmos (ATOM), Kava (KAVA), IoTeX (IOTX), TomoChain (TOMO), and Algorand (ALGO). Ethereum (ETH) and Cardano (ADA) will also be added to the list very soon.
In-built Charts – The Trust Wallet app has in-built charts that allow traders to track the crypto prices without having to leave the app.
Partnership with Binance – Trust Wallet’s partnership with Binance Smart Chain keeps more users from all across the world flock to the app, which is expected to fuel the development of advanced and new features on the mobile app in the future.
Easy Backup – Trust Wallet addresses the backup issue faced by most wallets by incorporating a 12-word recovery phrase at the time users set up the wallet in their mobile devices. Users are required to write down these phrases and keep them in a safe place so that they can be used to retrieve and recover access to the wallet if anything goes wrong.