Home » Finance » Cryptocurrency » How to Use Trust Wallet

How to Use Trust Wallet

Trust Wallet is a cryptocurrency wallet where you can store cryptocurrencies like Bitcoin.

You can also use the app to earn interest in your cryptocurrencies and access decentralized applications.

In addition, you can buy cryptocurrencies on Trust Wallet.

Trust Wallet is only available on App Store and Google Play Store.

You won’t be able to use it on a desktop.

However, if you’re using a decentralized application on your desktop like PancakeSwap, you can connect Trust Wallet to it.

In this tutorial, you’ll learn how to use Trust Wallet.

You’ll learn how to create a wallet, deposit a cryptocurrency, and use decentralized applications.

How to use Trust Wallet

To use Trust Wallet, you need to download it from the App Store or Google Play Store and create a new wallet.

Then, you can deposit cryptocurrencies and use decentralized applications to swap tokens.

Trust Wallet is only available on the App Store or Google Play Store.

In other words, you won’t be able to use Trust Wallet on a desktop.

After you’ve downloaded Trust Wallet, you need to create a new wallet if you haven’t already.

In the wallet creation process, you’ll be given a recovery phrase.

You need to use the phrase to access your wallet, so make sure to store it securely.

If you’ve created a wallet in the past, you can import it by entering its recovery phrase.

Once you’ve created a wallet, there are a couple of main things that you can do including depositing cryptocurrencies and using decentralized applications.

Here’s how to use Trust Wallet:

  1. Download Trust Wallet
  2. Create a wallet
  3. Deposit a cryptocurrency
  4. Use decentralized applications

1. Download Trust Wallet

The first step is to download Trust Wallet.

Trust Wallet is only available in the App Store or Google Play Store.

You won’t be able to use it on a desktop.

To begin with, open the App Store or Google Play Store and search for “Trust Wallet”.

Then, tap on “Get” to download Trust Wallet.

2. Create a wallet

How to create a wallet on Trust Wallet

Now that you’ve downloaded Trust Wallet, open the app.

After you’ve opened the app, you’ll see two options.

This includes “Create a new wallet” and “I already have a wallet”.

If you already have a wallet, you can import it by tapping on “I already have a wallet”.

Then, you need to verify your recovery phrase.

If you don’t have a wallet, tap on “Create a new wallet” to create a new wallet.

Trust Wallet recovery phrase

After you’ve tapped on “Create a new wallet”, you’ll be given a recovery phrase.

You need the recovery phrase to access your wallet on Trust Wallet.

Firstly, tap on “Copy” to copy your recovery phrase.

This will copy your recovery phrase to your clipboard.

Secondly, store your recovery phrase securely.

You can paste your recovery phrase in a word document or your notes.

Thirdly, tap on “Continue” to proceed to the next step.

Verify recovery phrase

After you’ve tapped on “Continue”, you’ll land on the “Verify recovery phrase” page.

Now that you’ve stored your recovery phrase securely, you need to verify it.

To do so, tap the words on the screen and put them in the correct order.

You need to refer to your recovery phrase for this.

Make sure to put the words in the correct order.

Otherwise, you won’t be able to verify your recovery phrase.

Once you’ve put the words in the correct order, tap on “Continue”.

How to use Trust Wallet

Once you’ve verified your recovery phrase, you’ll see a “Your wallet was successfully created” pop-up.

This means that you’ve successfully created a wallet on Trust Wallet!

You’ll now be able to deposit cryptocurrencies and use decentralized applications on the app.

Tap on “OK” to complete the wallet creation process.

Proceed to the next steps to learn how to deposit a cryptocurrency and use a decentralized application like PancakeSwap.

3. Deposit a cryptocurrency

Trust Wallet BNB

Now that you’ve created a wallet on Trust Wallet, you can deposit cryptocurrencies in it.

Firstly, tap on the cryptocurrency that you want to deposit on the “Wallet” page.

For example, if you want to deposit BNB from Binance, tap on “BNB”.

The “Wallet” page only consists of 4 cryptocurrencies including Bitcoin, Ethereum, BNB, and Smart Chain.

If you can’t find the cryptocurrency that you want to deposit, you need to add it manually.

To do so, tap on the Settings icon on the top navigation bar.

Next, search for the cryptocurrency that you want to deposit using the search bar and enable it.

You can also paste the cryptocurrency’s address on the search bar to find it.

Copy BNB address on Trust Wallet

After you’ve tapped on the cryptocurrency that you want to deposit, you’ll land on its wallet.

For example, if you’ve tapped on “BNB”, your BNB wallet will open.

There are 4 options including “Send”, “Receive”, “Copy”, and “More”.

Tap on “Copy” to copy your BNB address on Trust Wallet.

You need to send BNB from Binance, Coinbase, or another cryptocurrency exchange to this address later on.

If your BNB is stored on Binance, you need to send it to Trust Wallet.

Firstly, search for “Binance” on the App Store or Google Play Store.

Then, download the Binance app, open it, and log in to your account.

You can also use the desktop version of Binance for this.

If your BNB is stored on another cryptocurrency exchange like Coinbase, you need to open Coinbase instead.

Withdraw BNB from Binance to Trust Wallet

Once you’re on the Binance app, tap on the wallet icon on the bottom navigation bar.

This will open your portfolio on Binance.

Next, tap on the cryptocurrency that you want to send to Trust Wallet (e.g. BNB).

This will open your BNB wallet where you can withdraw or deposit it.

Tap on “Withdraw” to withdraw your BNB.

This will open the “Withdraw BNB” page.

On the “Withdraw BNB” page, paste your BNB address from Trust Wallet on the “Address” field.

Then, enter the amount of BNB that you want to send on the “Amount” field and tap on “Withdraw” to withdraw your BNB.

The withdrawal process will take about 30 to 60 minutes to complete.

4. Use decentralized applications

In this section, you’ll learn how to use decentralized applications.

Trust Wallet has a DApp browser where you can use decentralized applications.

If you’re using an Android device, you can access decentralized applications directly on the app.

However, if you’re using an iOS device, you need to visit the decentralized application on your browser.

Firstly, open your browser and visit a decentralized exchange like PancakeSwap.

Once you’re on PancakeSwap, you need to connect Trust Wallet to it.

To do so, tap on “Connect” on the top navigation bar.

Connect to WalletConnect

After you’ve tapped on “Connect”, the “Connect to a wallet” pop-up will open.

The pop-up contains a list of cryptocurrency wallets that you can connect to.

Instead of tapping on “TrustWallet”, tap on “WalletConnect”.

Do not tap on “TrustWallet” as you’ll get a provider error.

How to use PancakeSwap with trust wallet

After you’ve tapped on “WalletConnect”, you need to select the wallet that you want to connect to.

There are several wallets that you can connect to.

This includes “Rainbow”, “Trust”, “Argent”, and more.

Tap on “Trust” to connect to Trust Wallet.

After you’ve tapped on “Trust”, you’ll be prompted to open the page on Trust.

Here’s the pop-up message, “Open in “Trust”?”.

Tap on “Open” to open the page on Trust Wallet.

After you’ve tapped on “Open”, the page will be opened on Trust Wallet.

You’ll then be prompted to connect Trust Wallet to PancakeSwap.

Tap on “Connect” to connect Trust Wallet to PancakeSwap.

Now, you’ll be able to swap BNB for another cryptocurrency on PancakeSwap!

To do so, tap on “Select a currency” and paste the address of the cryptocurrency that you want to buy.

Then, enter the amount of BNB that you want to swap for the cryptocurrency and tap on “Swap”.

You’ve successfully learned how to create a wallet, deposit cryptocurrencies, and use decentralized applications on Trust Wallet!

Conclusion

Trust Wallet also allows you to stake cryptocurrencies and buy cryptocurrencies with a card.

These features are not mentioned in the tutorial above.

Trust Wallet has partnered with a few cryptocurrency providers where you can buy cryptocurrencies from.

However, their fees are very high, so it’s recommended that you buy cryptocurrencies from Binance instead.

If you want to generate income in your cryptocurrencies, you can stake them on Trust Wallet.

Staking coins on Trust Wallet allows you to earn an interest of up to 100% APY.

Staking is similar to receiving interest from holding money in the bank.

To know more about staking, you can visit this link: https://trustwallet.com/staking.

Further reading

How to Enable DApp Browser on Trust Wallet

How to Find Your Wallet Address on Trust Wallet

Best International Trading Brokers in 2021

About the author

Lim How Wei

Lim How Wei is the founder of followchain.org, with over 7+ years of experience in Social Media and 3+ years of experience in investing in stocks and cryptocurrencies. He has researched, tested, and written hundreds of articles ranging from social media platforms to messaging apps.