How to Build a Cryptocurrency Wallet App like Trust Wallet? - A Complete Guide

Posted On Sep 03, 2020 at 11:39 AM
Updated Sep 28, 2020 at 03:09 PM
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In the Recent scenario, Cryptocurrency is widely adopted in global business markets. Crypto exchanges are emerging with trending features like supporting various cryptos over their platform. Due to the urge of cryptocurrency exchanges, the demand for the Cryptocurrency wallet development has increased. Recently Cryptocurrency wallet app like Trustwallet is widely adopted by crypto entrepreneurs due to the reliability, & efficiency of it. Let us discuss in brief about the Trustwallet App. 

What is Trust Wallet?

Trust wallet is a crypto wallet used in Mobile, it enables us to send, receive, and store multiple cryptocurrencies over it. It is built to support as an open-source wallet with ease of setup and use. The significance of it is a partnership with the Kyber network and Web3 browser that enables the user to interact with decentralized apps from the trust wallet.

Trust wallet app:

The trust wallet is a secure and decentralized mobile wallet app used to receive Ethereum tokens Tokens. This was introduced by Victor ratchenko in the year 2017, and it gained popularity after the acquisition by Binance DEX in the year 2018. This wallet supports both android and iOS. The trust wallet supports many digital assets of any other blockchain like Bitcoin, Litecoin, DASH, and Tron, etc.

Trust wallet fees:

The trust wallets have various options for the traders to exchange their tokens. With the help of DApp, it supports Instant Exchange options. Through trust wallet, you can send tokens to the exchange or uses services like Changelly or Shapeshift.

Trust wallet says that it doesn't charge a fee for its services. Though, to execute a transaction on the ethereum network, you should pay "gas". This gas fee goes to the Ethereum miners to confirm the transaction. It clearly states that it won't possess any part of the fee from the transaction fees.

Cryptocurrencies supported by Trust wallet:

The trust wallet supports various types of cryptos like tokens and coins, on-chain over single blockchain platforms. 

  • Binance Coin (BNB)
  • TRON (TRX)
  • Cosmos (ATOM)
  • Tezos (XTZ)
  • Bitcoin Cash (BCH)
  • Dogecoin (DOGE)
  • Nano (NANO)
  • Aion (AION)
  • VeChain (VEN) 
  • Stellar (XLM)
  • Ethereum (ETH) and all ERC20 and ERC223 tokens. 

How do Trust wallet software works?

The Trust wallet works in a normal way as other cryptocurrency wallet works, here are two samples of adding cryptos to your trust wallet and paying through your trust wallet.

Adding cryptocurrencies to your Trust Wallet:

The following are the steps to add cryptocurrencies to Trust Wallet,

  • Log into your wallet.
  • Click the button “Receive”.
  • Scan the QR code/copy your wallet address/ public keys.
  • Use this address/public keys to transfer funds into your wallet.
  • Click the button “Transactions” to review the transaction history for your wallet and confirm that the funds that you have arrived.

Payments through your Trust Wallet:

Here are the following steps to make a payment from Trust Wallet,

  • Log into your wallet.
  • Click the button “Send ”.
  • Give your recipient’s wallet address/public keys in the field supplied or scan the relevant QR code.
  • Specify the amount you want to send and select the button “Next”.
  • Review the transaction details, including gas prices.
  • Click the button “Send”.

Why build a Cryptocurrency Wallet App Like Trust Wallet?

Anonymity:

The user can use the trust wallet by downloading, install, and set up without providing personal details, and it does not use any KYC regulations.

Security:

Trust wallet provides several security features to secure your cryptos from hacking and theft. The security features offered at the trust wallet,

  • The private key of your trust wallet is stored on the locally on your device, there is no need of storing at wallet.
  • Seed phrase back up.
  • FaceID and TouchID for additional security.
  • Open-source. You can review Trust Wallet’s code online, and the app has also been reviewed by the security authorities.
  • Backup facility- By backing up your Trust Wallet during the setup process, can restore your wallet from an encrypted file in a few seconds.  

Decentralized: 

The Trust wallet is designed to work on the decentralized blockchain platforms. it allows you to access your private keys on your device for instant exchange options through a trusted wallet set up.

Hold and earn:

On the Trust wallet, you can earn cryptos by staking. It supports multiple currencies staking like Tron, Algorand, Tezos, cosmos, and more. With the help of the DApp browser can do instant exchange options.

Buy and trade cryptocurrencies:

On the Trust wallet, you can swap, trade, and buy crypto with the help of your credit card. It is easy to buy cryptos with your credit cards, but there are limited cryptos supported for this card option and available for major cryptos like Bitcoin, Ethereum, BNB, and more.

Trust wallet clone Script Features and Specifications:

Wallet:

It allows to send and demand Ethereum tokens on various standards ERC20, and ERC223, etc

Send & Receive: 

Easily send and receive cryptos via QR code or on provides address/ public keys.

Watch: 

You can add and save addresses and get informed while it is active.

DApp Browser: 

With the help of DApps to spontaneously perform tradings with ethereum and ERC20 and ERC223 tokens, manage cryptocurrencies such as crypto kitties and more

Transactions: 

You can view the complete transaction history, prices. as you all know that it is transparent as it is part of the blockchain network.

Push notifications: 

Get informed about transactions held on your wallets.

Security: 

Set a 12 digit passcode to protect the app with an additional level of encryption.

Benefits of Trust wallet Clone App:

  • Free to download on Google and Apple play stores, easy to install, and set up the trust wallet.
  • Ease of use and efficient like trade on the app within a few seconds.
  • Track the price of coins and tokens on the wallet.
  • Securing your private keys with the help of mobile apps on smartphones.
  • Earning through staking coins and tokens.
  • Backup and restore your details digitally or on paper.
  • Trust wallet app Available for both android and iOS devices.
  • You can buy major cryptos with your credit cards on the trust wallet app.
  • The combination of Walletconnect on the trust wallet aids to trade from the desktop on Binance DEX.

Where you can get the best Cryptocurrency Wallet App Like Trustwallet?

Osiz Technologies - An eminent Cryptocurrency Wallet Development Company that guarantees the top-notch solutions and services for your business requirements with an adroit team of Blockchain Developers. Our Cryptocurrency Wallet like Trust Wallet App developed are compatible with android, iOS, and Web. It supports Instant Exchange options and supports trading with 100+ cryptocurrencies built on a distinct blockchain.

Are you in the idea of launching a Cryptocurrency Wallet like Trust Wallet App? You can talk to our experts here.

Call/Whatsapp: 9442164852

E-mail: [email protected]

Skype: Skype : osiz.tech

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