![Trust Wallet: How to Use this Decentralized Chrome Extension]()
Trust wallet is used by 60 Million users and is free to use and download. It was launched as a mobile app for Android and iOS. Later, it has extended support for Chrome browsers. Users have full control over their private keys. The personal keys are displayed as a 12-word passphrase when setting up the wallet.
The wallet supports 70 blockchains. Users can store different emerging cryptocurrencies. Along with this, many tools like staking which is ideal for earning passive income and swapping tokens are also available. There is no requirement to use the crypto exchanges. Trust wallet is popular for accessing the decentralized web. Users can easily connect with decentralized apps like Pancakeswap, OpenSea, and Uniswap.
Trust Wallet is a user-friendly wallet, it offers guidelines and explanations for the ones who need it. One of the drawbacks linked with it is that without the PIN and the seed phrase users are responsible for keeping the wallet safe.
The wallet does not accept fiat money payments. Those needing to buy cryptocurrency will need to go through partnered third-party Simplex. In many cases, it requires users to manually add the crypto tokens they wish to store, usually when the cryptocurrency is in small values.
In addition to cryptocurrency, Trust Wallet also supports NFTs not in terms of storage but users can view their NFT artwork without leaving the wallet interface. As it is a decentralized wallet, it allows storage of cryptocurrency investments away from the centralized exchanges. This avoids the need to open an account or provide personal information. Even providing KYC is not mandatory.
There is no access to private keys in this wallet. It is important to mention that the data is encrypted when users create the wallet for the first time the private keys are shown on the screen. The drawback is that Trust Wallet cannot assist if the user forgets their PIN and subsequently loses access to their private keys.
As is already discussed, the Trust Wallet app and Chrome extension download are free of charge. No fees are charged for receiving the cryptocurrencies or NFTs from another wallet location. However, it charges fees when transferring from a Trust wallet to another user. This wallet displays suggested network fees when transferring cryptocurrency.
Trust wallet does not make money from Gas fees. Instead, it transfers the fees to the respective network. The only feature of Trust Wallet that uses centralized third parties is the debit and credit card facility. For transferring cryptocurrency the process is very easy just install the Trust Wallet, tap on the buy button, and use the credit card.
One general safer tactic for using any wallet is never sharing the private keys with anyone. Do not click on unnecessary links without knowing the details. Unknown source links should be avoided.
Source: https://www.thecoinrepublic.com/2023/09/28/trust-wallet-how-to-use-this-decentralized-chrome-extension/
