Trust Wallet
Current price
$0.4795
−3.46%24h
LiveUpdated 23s ago
TodayTrust Wallet falls 3.5%, in line with the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.68%
- 24 hours−3.46%
- 7 days−7.54%
- 30 days−8.48%
- 1 year−64.92%
Trust Wallet's move in context
Moving with the market
−3.46% today, close to the whole market (−3.27%). Nothing specific to Trust Wallet stands out in the price.
Part of a slide
−7.5% over 7 days and −8.5% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Trust Wallet
Overview
Trust Wallet is a decentralized mobile wallet designed for easy and secure management of various cryptocurrencies and blockchain-based assets. Its core mission is to provide users with full control over their digital assets while ensuring the highest level of security and privacy. Trust Wallet distinguishes itself through its user-friendly interface, support for numerous cryptocurrencies, and integration with decentralized applications (dApps). The wallet is non-custodial, meaning users maintain their private keys and are not reliant on any centralized authority, thus enhancing user sovereignty and security.
Technical Features
Trust Wallet employs a robust technical framework that emphasizes security and user experience. The wallet utilizes a hierarchical deterministic (HD) wallet structure, allowing users to generate a new address for each transaction while backing up a single recovery phrase. This structure aids in enhancing privacy and security. Trust Wallet supports a wide variety of cryptocurrencies, including Bitcoin, Ethereum, and Binance Coin, among others. Its integration with the Binance Smart Chain further allows for seamless interaction with DeFi projects and decentralized exchanges (DEXs). The wallet operates on a client-side architecture; thus, all private keys are securely stored on the user’s device, away from any third-party exposure.
Use Cases
Trust Wallet serves multiple use cases in the cryptocurrency ecosystem. Primarily, it is used for managing and storing cryptocurrencies securely, allowing users to send and receive various digital assets easily. Its integration with DeFi applications allows users to engage in yield farming, lending, and staking directly from the wallet. Furthermore, Trust Wallet supports the creation and management of non-fungible tokens (NFTs), enabling users to buy, sell, and trade digital collectibles. The wallet's functionality extends to facilitating cross-border payments, providing users with a cost-effective and fast method of transferring value globally without intermediaries. Additionally, its integration with smart contracts allows users to interact with decentralized applications directly.
Development Background
Trust Wallet was founded in 2017 by Viktor Radchenko, who recognized the need for a secure and user-friendly mobile wallet that catered to the growing cryptocurrency community. The wallet quickly gained popularity due to its focus on convenience and security. In 2018, Trust Wallet was acquired by Binance, one of the largest cryptocurrency exchanges globally, which provided additional resources and exposure. Since its inception, Trust Wallet has continuously evolved, implementing updates and features that align with the rapidly changing landscape of blockchain technology.
Community and Ecosystem
The Trust Wallet ecosystem is robust and actively supported by a vibrant community. Developers are encouraged to contribute to the wallet’s growth, as seen by the continuous addition of supported cryptocurrencies and features. Trust Wallet has established partnerships with numerous projects in the blockchain space, enhancing its utility and interconnectivity within the ecosystem. The wallet also supports various dApps and is a preferred choice for users engaging with NFT marketplaces and other DeFi platforms. The community around Trust Wallet is active, with forums and social media channels where users can share experiences, seek support, and discuss future developments.
Future Potential
Trust Wallet holds significant future potential given its strong technical foundation and diverse use cases. As the demand for decentralized finance and blockchain technology continues to grow, Trust Wallet is poised to expand its functionality and user base. Upcoming features, such as enhanced DeFi integrations and improved support for NFTs, are already in the pipeline. Additionally, as more users around the world seek secure ways to interact with digital assets, Trust Wallet's emphasis on user sovereignty and security positions it favorably within a rapidly evolving landscape. Overall, Trust Wallet is well-equipped to thrive as a critical player in the global cryptocurrency ecosystem.
Trust Wallet market
- Position by market cap among the coins we track.
- #125
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $206.12M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.4795High $0.5049
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $2.72
- Now 18% of itReached 11 Dec 2022 · Needs +467% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 429.86M TWT
- 43% of max
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 999.86M TWT
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- 999.86M TWT
- The most coins that can ever exist. Some coins have no limit.
Trust Wallet converter
1 Trust Wallet = $0.4795
