Trust Wallet, acquired by Binance in 2018, has become one of the most popular mobile Web3 wallets with over 100 million users. It supports 70+ blockchains, built-in staking, and seamless dApp browsing—all in a user-friendly mobile app.
This comprehensive guide walks you through setting up Trust Wallet, using its features, and staying safe in the Web3 ecosystem.
What is Trust Wallet?
Trust Wallet is a non-custodial mobile wallet that gives you full control over your cryptocurrencies and NFTs.
Key Features:
- Multi-Chain Support: 70+ blockchains (Ethereum, BSC, Solana, etc.)
- Built-in Staking: Stake ATOM, XTZ, TRX, and more directly
- DApp Browser: Access Web3 applications within the app
- NFT Support: Store and view Ethereum, BSC, and Polygon NFTs
- DEX Integration: Swap tokens via built-in DEX aggregator
- FaceID/TouchID: Biometric security for quick access
Setting Up Trust Wallet
Step 1: Download and Install
- Visit trustwallet.com (or app store links)
- Download from official app stores only (Apple App Store, Google Play)
- Warning: Fake Trust Wallets exist—verify developer is "Trust Wallet"
Step 2: Create New Wallet
- Open Trust Wallet and select "Create a New Wallet"
- Backup your recovery phrase (12-24 words):
- Write it down on paper (not digital!)
- Store in a safe place (safe, safety deposit box)
- Never share with anyone (not even Trust Wallet support)
- Verify your recovery phrase by selecting words in order
- Set a PIN or enable biometric login (FaceID/TouchID)
Step 3: Add Tokens and NFTs
Enable Tokens:- Tap "Receive" and search for tokens (BTC, ETH, BNB, etc.)
- Toggle tokens ON to show in your wallet
- Tokens are now visible with balances
- Tap "Add Custom Token"
- Select network (Ethereum, BSC, etc.)
- Paste contract address (get from CoinGecko or BscScan)
- Token symbol and decimals autofill
- Tap "Done" to add
Receiving Cryptocurrency
Step 1: Select Token to Receive
- Tap "Receive" in the main wallet screen
- Select the cryptocurrency (e.g., Ethereum)
- Double-check the network (ERC-20, BEP-20, etc.)
Step 2: Copy Your Address
- Copy your wallet address (tap "Copy" or share QR code)
- Send from exchange or another wallet to this address
- Important: Ensure you're sending on the correct network!
- Ethereum tokens: Use ERC-20 address
- BSC tokens: Use BEP-20 address
- Wrong network = lost funds!
Step 3: Wait for Confirmation
- Transaction shows as "Pending" then "Completed"
- Congratulations! Funds are now in your Trust Wallet
Sending Cryptocurrency
Step 1: Select Token to Send
- Tap on the cryptocurrency (e.g., USDT)
- Tap "Send" button
- Enter recipient's address (double-check the first and last 4 characters!)
Step 2: Enter Amount and Network
- Enter amount to send
- Select correct network:
- ERC-20 for Ethereum
- BEP-20 for BNB Smart Chain
- etc.
- Adjust gas fee (slow, normal, fast)
- Tap "Continue" and confirm with PIN/biometrics
Using the Built-in DEX (Swap)
Trust Wallet has a DEX aggregator that finds the best prices across multiple DEXs:
- Tap "Swap" in the bottom menu
- Select tokens (e.g., BNB → CAKE)
- Enter amount
- Review exchange rate and slippage
- Tap "Swap" and confirm
- Transaction completes in ~3-30 seconds
Staking in Trust Wallet
Trust Wallet supports direct staking for several PoS coins:
Supported Staking Assets (2026):
- Cosmos (ATOM): ~10-15% APY
- Tezos (XTZ): ~5-7% APY
- Tron (TRX): ~4-6% APY
- Algorand (ALGO): ~5-8% APY
- Solana (SOL): Via external validator (not native staking)
How to Stake:
- Tap on the cryptocurrency (e.g., ATOM)
- Tap "Stake" button
- Select a validator (research fees and uptime!)
- Enter amount to stake
- Confirm transaction
- Earn rewards daily/weekly
Using the DApp Browser
Trust Wallet's built-in dApp browser lets you access Web3 without a desktop:
Accessing DApps:
- Tap "Browser" in bottom menu (may be hidden in settings)
- Visit popular dApps:
- PancakeSwap: Swap BSC tokens
- Uniswap: Swap Ethereum tokens
- OpenSea: Buy/sell NFTs
- Aave: Lend and borrow crypto
- Connect wallet when prompted (choose Trust Wallet)
- Interact with dApp normally
Comparing Trust Wallet to Competitors
| Feature | Trust Wallet | MetaMask Mobile | Coinbase Wallet | Phantom |
|---|---|---|---|---|
| Blockchains | 70+ | Ethereum + EVM | 10+ | Solana focus |
| DApp Browser | Yes | No (use in-app browser) | Yes | Yes |
| Staking | Yes (several coins) | No (via dApps) | Yes (ETH, others) | Yes (SOL) |
| NFT Support | Yes (multi-chain) | Yes (Ethereum) | Yes (multi-chain) | Yes (Solana) |
| Ease of Use | Very Easy | Moderate | Very Easy | Easy |
| Binance Integration | Excellent | Limited | None | None |
Security Best Practices
1. Protect Your Recovery Phrase
- Never digitize it (no photos, cloud, email)
- Store offline (paper in safe or safety deposit box)
- Beware of phishing: Trust Wallet will NEVER ask for your phrase
2. Use Biometric Login
- Enable FaceID/TouchID for quick, secure access
- Set a strong PIN as backup
3. Verify DApp URLs
- Bookmark official dApp URLs
- Double-check URL before connecting wallet
- Beware of "claim airdrop" scams
4. Use Hardware Wallet for Large Amounts
For holdings >$10,000, use a Ledger hardware wallet instead of any mobile wallet.
5. Be Careful with Approvals
- Only approve tokens on trusted dApps
- Revoke approvals for unused dApps
Connecting Trust Wallet to Centralized Exchanges
Withdrawing from Binance to Trust Wallet:
- Withdraw BNB, BEP-20 tokens to Trust Wallet BSC address
- Withdraw ETH, ERC-20 tokens to Trust Wallet Ethereum address
- Always select correct network!
Tracking Portfolio Across Platforms:
Use our Coin Advice Portfolio Tracker to monitor:
- Trust Wallet balances (manual entry or API if supported)
- Exchange balances (Binance, Bybit, OKX, etc.)
- Web3 wallet balances across multiple chains
Tax Implications
Trust Wallet transactions are taxable events:
- Swapping tokens: Capital gains tax
- Staking rewards: Taxable as income when received
- Sending to others: Gift tax may apply (check local laws)
- DApp interactions: Complex tax situations possible
Keep records using our Coin Advice Portfolio Tracker for tax reporting.
Who Should Use Trust Wallet?
Ideal For:
- Mobile-First Users who want everything on their phone
- Multi-Chain Traders needing 70+ blockchains
- Binance Users wanting seamless integration
- DeFi Beginners who find MetaMask complex
- NFT Collectors on multiple chains
Not Ideal For:
- Desktop Traders (mobile-only limitation)
- Large Holdings >$10K (use Ledger)
- Ethereum Power Users (MetaMask has better dApp compatibility)
- Beginners—start with Coinbase to learn first
Final Tips for Trust Wallet Success
- Backup Recovery Phrase Immediately: Before adding funds!
- Start Small: Test with $50-200 before larger amounts
- Verify Networks: ERC-20 vs BEP-20 mistakes = lost funds
- Use Bookmarks: Bookmark dApp URLs to avoid phishing
- Monitor Approvals: Check token approvals regularly
- Withdraw Large Amounts: Move >$5,000 to Ledger
- Check Token Contracts: Use our Token Checker before adding custom tokens
For technical analysis of tokens in your Trust Wallet, use TradingView. Stay informed with our Coin Advice Global Stats for overall market trends.
Remember: Trust Wallet is non-custodial—you are responsible for your security. Lose your recovery phrase = lose all funds permanently. With proper precautions, Trust Wallet is an excellent mobile Web3 companion.