If you’re considering transferring your crypto from Coinbase to a trusted wallet, you’re not alone. The Trust Wallet is a software wallet that boasts a simple user interface and two-factor authentication. Plus, it’s not a custodial wallet, which means your private keys are never lost or stolen. And it’s free! So, what’s it like to use this wallet?
Trust Wallet is a software wallet
Transferring crypto from Coinbase to Trust Wallet is a convenient way to keep your funds safe. The software wallet allows users to exchange their crypto assets to popular currencies. You can choose to use BNB, Ethereum, or Binance Coin as your wallet currency. Alternatively, you can also send crypto to your bank account. Unlike many other software wallets, Trust Wallet is mobile-based, so you can bring your crypto anywhere.
It has a simple user interface
One of the best parts of using Coinbase is the ease with which you can transfer your crypto from your Coinbase account to your Trust wallet. With the Coinbase user interface, you can do it in a matter of minutes. The Ethereum wallet address is provided to you automatically when you register. Make sure to save this address somewhere safe. You can then transfer your Ethereum from Coinbase to Trust Wallet.
It has a two-factor authentication feature
Although it doesn’t support fiat currencies, Trust Wallet offers the convenience of a hot wallet along with the security and safety of a cold wallet. It stores most of your cryptocurrency on its cold storage servers. Like a cold wallet as a service, Trust Wallet has very few fees. You don’t have to pay for wallet fees, swapping fees, or DApp fees. All the fees come from blockchain transactions, which go to miners and validators.
It is a non-custodial wallet
When you transfer crypto from Coinbase to a non-custodial wallet, you are transferring your funds to a wallet that you control. These wallets do not need a third party to approve transactions. This means that you can withdraw your coins instantly. You can use a non-custodial wallet to store your crypto for safekeeping.
It can hold ERC20 tokens acquired through ICOs
Trust Wallet is an online wallet that is capable of holding the standard ERC20 token. It is currently supported by over 25 million users and offers free $50 in cryptocurrency. Users will be able to use their favorite decentralized applications with the wallet, and can discover new ones that aren’t yet available. You can learn more about this wallet’s features below. Also, it supports several cryptocurrencies, including Bitcoin, Ethereum, and Ethereum Classic.