Review on Trust Wallet by Orlymar Córdova
One of the most popular and reputable wallets in the industry
The relevance that mobile wallets have acquired in recent years has been transcendental. With the rise of cryptocurrencies and decentralized applications, every day more people use the financial service offered by these wallets to carry out transactions from their mobile device, saving time and money when making or receiving payments.
There are many mobile wallets today. Among them, one of the most popular is Trust Wallet, a fully decentralized mobile application that allows you to send, receive and save cryptocurrency tokens on the Ethereum blockchain. Some of the reasons why users prefer this wallet over the others is because of its ease of use and the control it gives you over your private keys.. Because it accepts multiple POS tokens, users can easily earn rewards by staking those tokens without having to own any powerful hardware to do so.
In addition, the compatibility of their web browser3 when using decentralized applications (dapps) has made this wallet one of the safest and most preferred options by millions of users worldwide.
This open source wallet looks quite simple and easy to use, and it only takes a few minutes to set up and it is not necessary to provide any personal documentation or do a kyc as in most wallets. The security levels make this undoubtedly one of the best options on the market since it does not store any of your private keys on external servers but on your mobile device.
Pros
- It allows you to keep control of your private keys, allowing you to store them on your mobile devices.
- You can download Trust Wallet for free from Google Play and the Apple App Store.
- It allows you to store a wide variety of digital currencies thanks to the fact that it supports the ERC20 and ERC223 toen of Ethereum
- Offers a pleasant experience when interacting with many decentralized applications
- It allows to generate rewards with the POS tokens stored in it
- It can be easily connected with decentralized exchanges such as Binance DEX with which it has an important association.
Cons
- Only store coins that are on the Ethereum network
