Explanation of Profit From The Trust Wallet
Explanation of profit from Trust Wallet is the official wallet of the Binance platform. This wallet is open source and decentralized, allowing its user to freely store and trade digital currencies. It is considered one of the best wallets in terms of protection and security.
Contents
1 Earn from Trust Wallet
2 What is TRUST WALLET?
3 Features of Trust Wallet
4 HOW TO USE THE TRUST WALLET
5 tips when using Trust Wallet
6 recommendations when using the Trust wallet
Earning from Trust Wallet
It is possible to earn profits through this wallet or earn from the Trust wallet by earning the “binance coin” tokens. Which has emerged as one of the leading digital assets in the cryptocurrency markets. To earn bnb tokens, you must follow these steps:
*. Open the Wallet app and tap on the specified location. If you do not have a wallet, you can click here to learn how to install it and open an account with it.
*. Click Swap
*. Choose the digital currency you want to exchange by clicking on the given place
*. Not all cryptocurrencies are available for direct swaps, eg FTM swaps for MATIC. But most of the well-known cryptocurrencies are available to swap for BNB or BUSD. Also, you can then exchange your BNB or BUSD for your desired currency with very easy transfer fees.
*. Select the quantity you want to exchange, the quantity you will get will appear, then click on Swap.
*. You will see a message stating that the operation was completed successfully.
*. You must have a BNB balance to pay the fee (about $0.03 per transaction), if the coin is on Binance.
*. Thus, you have exchanged your coins without having to open the Binance platform or make online purchases.
What is TRUST WALLET?
Trust Wallet is a mobile wallet application that allows sending, receiving and storing cryptocurrency tokens on the Ethereum blockchain.
Designed with a focus on simplicity, this open source wallet also aims to provide a platform that is easy to setup and straightforward.
Trust Wallet allows users to store private keys on their own devices. It is an important security feature, and includes a backup and restore facility.
Other features include the built-in decentralized exchange through a partnership with the Kyber Network as well as a Web3 browser that allows interaction with decentralized applications directly from the Trust Wallet app.
Android users can use the Trust Wallet to buy ETH through Coinbase, Shapeshift, or Changelly.
Trust Wallet can be downloaded for free from Google Play and Apple’s App Store.
Trust Wallet supports all Ethereum ERC20 and ERC223 tokens. This means that you can store a wide range of currencies using the mobile app, such as:
(ETH) , (ETC) , (OMG), (QTUM), (PPT), (SNT), (MKR), (REP), (VEN), (ICX),, (WTC), (AE), (BTM), (ZRX), , (RHOC), (GNT), (XIN), (NAS), (AION), (IOST), (DGD), (LRC) .(ZIL)
Features of Trust Wallet
*. Buy Bitcoin in less than five minutes
*. Easily earn interest on cryptocurrencies in your wallet
*. View your holdings, as well as artwork and NFTs in one place
*. Exchange your cryptocurrency without leaving the app
*. Track charts and prices within the app
*. Keep your cryptocurrency safe from hackers and scammers
*. The wallet allows you to explore DAPPS thanks to its built-in browser. A dapps is actually a decentralized application that runs independently, and its data can be stored securely on blockchain technologies.
*. One of the most important features of the Trust Wallet is that it stores most of the known and popular cryptocurrencies. In addition to storing tokens based on well-known technologies such as ERC223, erc20, erc721 and bep2.
HOW TO USE THE TRUST WALLET
After downloading the wallet and creating an account on it, in order to be able to earn from the Trust wallet, you must choose your fiat currency.
*. By default, the currency is the US dollar, to change that, go to Settings and tap Currency, you will be able to choose the currency that suits you best, such as EUR – € or GBP – £.
*. Notifications allow you to be notified when you receive transactions on one of your wallets. To activate this setting, tap on Settings, then Push Notifications.
*. Select Allow flag to turn on notifications.
*. Choosing the transaction speed allows you to better manage transaction costs.
*. In fact, your transaction fees will be much higher if you make a fast transaction, in contrast, your fees will be lower if you choose a slower transaction.
*. To change this option, go to settings and then click on transaction and transaction costs, you will now have 3 options:
1. Cheap – Low transaction speed but low cost
2. Regular – perfect balance between speed and transaction cost
3. Fast – High transaction speed but high cost
*. In order to make your access to the Trust Wallet more secure, you have the possibility to lock your account.
*. To do this, go to Settings and check the App lock option.
*. When you open a Trust Wallet account, by default you will have a Bitcoin, Ethereum, and BNB wallet.
*. To add more cryptocurrencies to your account, tap the + icon in the upper right corner of your wallet.
*. You will then see a long list of coins available on Trust Wallet, select the coins you would like to add to your account. And then make profit available from the Trust wallet.
Tips when using Trust Wallet
*. You should always have at least two digital wallets. One wallet should be used for trading and transaction purposes, and the other wallet should be used for storing and keeping savings in a safe place.
*. This type of wallet should also be a cold storage wallet, in any form it should be a backup copy of the private keys safely stored offline.
*. Be careful about where you go online when using a device with a wallet, dangerous websites and dangerous Wi-Fi networks put your wallet at risk. At the same time, do not leave your device unattended.
*. If the device holding your wallet needs an update, make sure to transfer funds from the wallet before the update finishes.
*. Phishing scams through Google ads and via email are common in the crypto world. Scams are on the rise, so you should make sure that emails from wallet companies are spelled correctly and never search their web addresses by clicking on Google ads.
Recommendations when using the Trust wallet
*. It is always recommended to turn off automatic updates of crypto-related applications. App bugs can cause heavy losses to account holders, and it is best to wait for 2-3 days after the update is released to see if there are any bugs.
*. It is best to enable 2FA, which is just two-factor authentication that recognizes your identity. 2FA authentication can be done in different ways.
*. Google Authenticator uses a 6-digit code that changes minute by minute and is unique each time. Another option is to add identification such as a fingerprint. Whatever you choose, two-factor authentication (2FA) is very important to increase security.
*. It is important to re-verify the address to which you are sending any transaction. There is malware that can modify the “copy and paste” action to paste a different address. The new address usually belongs to the scammer, it is usually best to send a small payment as verification, then send the larger payment to the verified address