How to Buy Trust Wallet Token (TWT)
Beginner’s Guide
What Is Trust Wallet Token (TWT)?
Trust Wallet Token, or TWT, is a simple BEP-20 utility token that provides a range of benefits and incentives to Trust Wallet users. Trust Wallet itself is a mobile cryptocurrency wallet that supports dozens of popular native assets, in addition to popular tokens on the Ethereum, Binance and TRON blockchains.
Holders of TWT tokens unlock a variety of benefits when using Trust Wallet, including discounts on in-app cryptocurrency purchases and on the use of decentralized exchange (DEX) services. TWT holders can also participate in the governance of Trust Wallet and can vote on Trust Wallet update proposals, helping to shape the development of the app.
Trust Wallet Token was initially launched as a BEP-2 asset on Binance Chain, but was relaunched as a BEP-20 token on Binance Smart Chain in October 2020.
How to Buy Tezos Summary
- Get a Trust Wallet Token wallet (e.g. Ledger, Trezor , Exodus, Guarda, AtomicWallet)
- Find an exchange that sells Trust Wallet Token (e.g. Binance , Kucoin , MEXC , ByBit , GATE )
- Deposit money and make the trade
- Withdraw the Trust Wallet Token to your wallet
Buying Trust Wallet Token in 3 Simple Steps
Step 1 – Get a TWT wallet
Trust Wallet Token Hardware Wallets
Trust Wallet Token (TWT) is an BEP-20 token that can be stored in a variety of hardware wallets that support Ethereum and other BEP-20 tokens. Some of the popular hardware wallets that are compatible with TWT include:
Ledger Nano S: The Ledger Nano S is a popular hardware wallet that supports multiple cryptocurrencies, including TWT. It features a secure chip for storing private keys, a user-friendly interface, and a small form factor.
Ledger Nano X: The Ledger Nano X is an upgraded version of the Ledger Nano S, with more storage capacity and Bluetooth connectivity for mobile devices. It also supports TWT and other BEP-20 tokens.
Trezor One: The Trezor One is another popular hardware wallet that supports multiple cryptocurrencies, including TWT. It features a secure chip for storing private keys, a backup seed phrase for recovery, and a user-friendly interface.
Trezor Model T: The Trezor Model T is an upgraded version of the Trezor One, with a larger touch screen display and more advanced security features. It also supports TWT and other BEP-20 tokens.
KeepKey: KeepKey is a hardware wallet that supports multiple cryptocurrencies, including TWT. It features a large display for easy navigation, a user-friendly interface, and a backup seed phrase for recovery.
It is important to note that hardware wallets are one of the most secure ways to store cryptocurrencies like TWT, as they keep your private keys offline and away from potential hackers or online threats.
The best option for storing any cryptocurrency would be to use a hardware wallet. These are pieces of hardware that store the private key to your coins offline.
Today, there are two leading hardware manufacturers to choose from – Ledger and TREZOR. Both companies have different models of hardware wallets that will get the job done.
If you want deeper insights on specific models, you can read my Ledger Nano X review or my TREZOR Model T review.
Trust Wallet Token Software Wallets
Trust Wallet Token (TWT) is an BEP-20 token that can be stored in a variety of software wallets that support Ethereum and other BEP-20 tokens. Some of the popular software wallets that are compatible with TWT include:
Trust Wallet: Trust Wallet is a mobile wallet that was specifically designed to store BEP-20 tokens like TWT. It is available for both iOS and Android devices, and features a user-friendly interface, secure private key storage, and support for other cryptocurrencies.
MyEtherWallet (MEW): MyEtherWallet is a popular web-based wallet that supports multiple cryptocurrencies, including TWT. It allows you to create and manage your own private keys, and offers features like hardware wallet integration and multi-sig support for enhanced security.
MetaMask: MetaMask is a browser extension that allows you to access Ethereum and BEP-20 tokens directly from your web browser. It offers a user-friendly interface, support for hardware wallets, and features like multi-sig support and password protection for added security.
Exodus: Exodus is a desktop and mobile wallet that supports multiple cryptocurrencies, including TWT. It features a user-friendly interface, support for hardware wallets, and the ability to exchange cryptocurrencies directly within the wallet.
Atomic Wallet: Atomic Wallet is a multi-cryptocurrency wallet that supports TWT and other BEP-20 tokens. It features a user-friendly interface, support for hardware wallets, and the ability to exchange cryptocurrencies directly within the wallet.
It is important to note that software wallets are generally less secure than hardware wallets, as they are connected to the internet and can be susceptible to online threats like hacking or phishing attacks. Therefore, it is important to take proper security precautions when using software wallets, such as setting strong passwords, enabling two-factor authentication, and avoiding suspicious links or downloads.
Hardware wallets cost money, so if you’re not sure how serious you are about cryptocurrencies and just want to get a taste of what they feel like, perhaps you would be better off starting with a software wallet.
A software wallet is a free program that lets you store your coins on your computer or mobile phone.
The easiest Trust Wallet Token coin software wallets to get started with are undoubtedly Exodus, AtomicWallet and Guarda . All wallets are very intuitive. Exodus, Atomic Wallet and Guarda is available on desktop for Windows, Mac and Linux, as well as on mobile for both iOS and Android. If you want more information you can read my Exodus, AtomicWallet and Guarda review.
Step 2 – Find an Trust Wallet Token (TWT) Exchange
Buy Trust Wallet Token through Binance
- Binance is a cryptocurrency exchange which is the largest exchange in the world in terms of daily trading volume of cryptocurrencies. It was founded in 2017 and is registered in the Cayman Islands. Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software.
Buy Trust Wallet Token through Kucoin
- Kucoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 8 million registered users from 700+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique ranking is in the top 5 globally. Known as the “People’s Exchange”, KuCoin operates in Seychelles, providing users with multi-language and 24/7 customer service. Meanwhile, KuCoin has established local communities all over the world in South Korea, Japan, Spain, Italy, Vietnam, Turkey, Russia, India, and other regions, providing users with the most local services. Currently, 1 out of every 4 crypto holders in the world is with KuCoin.
Buy Trust Wallet Token through Bybit
- The exchange prides itself on delivering multilingual online support to its customers and is committed to providing a transparent and efficient trading experience. The products on the platform include BTC/USD, ETH/USD, LTC/USD, and XRP/USD perpetual contracts. A perpetual contract resembles a traditional futures contract in many ways. Its main difference, however, is that it doesn’t have an expiry date. Hence, traders are allowed to hold their positions for as long as they need to.Moreover, the exchange boasts a 100,000 TPS state-of-the-art matching engine. While many of its competitors have suffered from repeated overload problems, this high-performance matching engine makes it possible for Bybit to stand above the competition.The Bybit cryptocurrency broker platform is operated by the Bybit Fintech Limited which is registered on the British Virgin Islands, with headquarters in Singapore. The company was launched in March 2018, making it a fairly young player on the market.
Buy Trust Wallet Tokenthrough Gate.io
- Gate.io is a crypto exchange founded in the fall of 2017. The platform is a part of Gate Technology Inc corporation, and has a registration address in Virginia, USA. The platform does not have an official license. Its interface is available for working in three versions: English, Chinese and Japanese.
Step 3 – Withdraw Your Trust Wallet Token (TWT)
Once you decide on an exchange, open an account and buy your Avalanche. Make sure to withdraw the Avalanche from the exchange to your personal wallet.
Never leave coins on an exchange, as you risk losing them all if that exchange gets hacked or shuts down (which has happened in the past) and always double check address before send coins because you can send the coins to wrong address .
OVERVIEW
Who Are the Founders of Trust Wallet Token ?
Trust Wallet was founded by Viktor Radchenko in 2017. Based in Mountain View, California, Radchenko previously held development and engineering roles at several tech firms, and also co-founded Trucker Path in 2013 — the company behind one of the most popular apps for truckers and logistics firms.
Radchenko turned his attention to the mobile cryptocurrency wallet industry when he found that “app stores did not have any open source wallets for Ethereum and ERC20 tokens.”
The platform was acquired by Binance in July 2018 for an undisclosed sum, but Radchenko still works on the platform as part of the Binance team. The full Trust Wallet team is not public, but it is known to comprise over 20 individuals — many of which have overlapping roles at Binance.
What Makes Trust Wallet Token Unique?
Trust Wallet Token (TWT) is a cryptocurrency that was created by Trust Wallet, a popular mobile wallet that was acquired by Binance in 2018. Here are some of the unique features that make TWT stand out:
In-app staking: TWT holders can stake their tokens within the Trust Wallet app, allowing them to earn rewards in the form of other cryptocurrencies. This makes it easy for users to participate in staking without having to navigate complex processes on other platforms.
Community governance: TWT holders have a say in the future of the Trust Wallet ecosystem through community governance. This allows users to propose and vote on changes to the platform, giving them a greater sense of ownership and control over their investments.
Discounts on Binance trading fees: TWT holders can receive discounts on trading fees for buying and selling cryptocurrencies on the Binance exchange, which is one of the largest and most popular cryptocurrency exchanges in the world.
Trust Wallet integration: TWT is fully integrated with the Trust Wallet app, allowing users to easily store, manage, and trade their tokens from a single mobile app. This makes it easy for users to access and interact with the TWT ecosystem, without the need for additional tools or software.
Strong community support: TWT has a strong and active community of supporters, which includes users of the Trust Wallet app as well as traders and investors on various cryptocurrency exchanges. This community helps to promote and grow the adoption of TWT, which in turn can help to increase its value over time.
How Many Trust Wallet Token (TWT) Coins Are There in Circulation?
As part of the transition to Binance Smart Chain, 99% of the original TWT token supply was burned and the new maximum supply was set at 1 billion TWT — of this, just over a quarter is currently in circulation.
The circulating supply of TWT will gradually grow as TWT tokens are earned by Trust Wallet users for completing various tasks, such as by participating in referral campaigns, taking quizzes and completing tasks within the app — like cryptocurrency staking and trading.
As per the official source, 40% of the TWT token supply will be targeted towards user acquisition, 15% will be distributed to the Trust Wallet community, 30% will be held in reserve and 15% is allocated to developers. As of October 2020, Trust Wallet has not yet published the full tokenomics or emission schedule for the Trust Wallet Token.
How Is the Trust Wallet Token Network Secured?
Based on Binance Smart Chain, the Trust Wallet Token is backed by a rigorously tested proof-of-stake (POS) consensus mechanism. This is used to protect the network against a range of potential threats, including 51% and Sybil attacks.
It’s also protected by a generous bug bounty program operated by Binance, which pays up to $10,000 in BNB to anybody that discovers a vulnerability on Binance Chain and its core smart contracts.
Beyond this, as a BEP-20 asset, TWT is secured by the security of the wallet software used to manage it. For Trust Wallet, this includes a passcode security lock and a 12-word recovery phrase.
Where Can You Buy Trust Wallet Token ?
Trust Wallet Token (TWT) can be purchased on several cryptocurrency exchanges that support BEP-20 tokens. Here are some popular exchanges where you can buy TWT:
Binance: Binance is one of the largest cryptocurrency exchanges in the world and acquired Trust Wallet in 2018. TWT is available for trading on Binance and can be bought using popular cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).
KuCoin: KuCoin is another popular cryptocurrency exchange that supports TWT. The exchange allows you to buy TWT using a range of cryptocurrencies and fiat currencies.
Gate.io: Gate.io is a cryptocurrency exchange that supports TWT trading pairs with popular cryptocurrencies like USDT, Bitcoin, and Ethereum.
PancakeSwap: PancakeSwap is a decentralized exchange (DEX) built on the Binance Smart Chain. It allows users to trade TWT directly with other cryptocurrencies without the need for an intermediary.
DODO: DODO is another decentralized exchange built on the Binance Smart Chain. It offers TWT trading pairs with popular cryptocurrencies like Binance Coin (BNB) and Ethereum (ETH).
Before purchasing TWT on any exchange, it’s important to conduct your own research and ensure that you are using a reputable and secure platform. It’s also important to consider the fees associated with each exchange and the available payment methods.