Trust Wallet – Its History, How It Works, and Can You Make Money With It?
- 1 day ago
- 2 min read
Trust Wallet has become one of the world’s leading crypto wallet apps in recent years. But what is its story, how does it work, and can you really make money using it? Stirinoi.com editorial team analysed it in depth.
What is Trust Wallet?
Trust Wallet is a multi-chain mobile wallet app created to give users full control over their digital assets. It was launched in 2017 by Viktor Radchenko, a Ukrainian developer based in the USA, aiming to build an open-source wallet for ERC-20 tokens without restrictions or intermediaries.
Acquisition by Binance
In 2018, Binance acquired Trust Wallet to integrate it into its ecosystem, expanding support to thousands of cryptocurrencies and NFTs. This strategic move offered Binance a fully decentralised wallet for its users.
How does Trust Wallet work?
Trust Wallet is non-custodial, meaning you always own your private keys. You can send, receive, store, and swap tokens directly without KYC. It also provides fast access to its DApp browser, staking for various coins (BNB, TRX, ATOM, etc.), and NFT integration.
Can you make money with Trust Wallet?
Directly, Trust Wallet is not an active trading or investment platform but a wallet. However, users earn money via:
Staking – locking coins to earn rewards (e.g. BNB staking).
Airdrops – joining projects that send free tokens to active users.
Smart swaps – swapping tokens at advantageous rates depending on market volatility.
Accessing DeFi DApps – advanced users earn via farming or lending within integrated DeFi apps.
Interesting facts about Trust Wallet
Trust Wallet has over 60 million downloads globally.
Viktor Radchenko worked in transport and logistics apps before crypto.
In 2022, Trust Wallet launched its official browser extension.
Its code is open-source, enhancing community transparency.
Opinions about Trust Wallet
✔ Advanced crypto users: love the full custody freedom and DApp integration.✔ Beginners: find the interface complex initially, but user-friendly after understanding basics.✔ DeFi experts: prefer Trust Wallet for staking and yield farming due to lower fees.
Conclusion
Trust Wallet remains an essential tool in crypto for freedom, decentralisation, and DeFi options. You can earn indirectly through staking, farming, and swaps, but always understand the risks before investing.
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