• How to Secure Your Trust Wallet. A Beginner’s Guide

    Learn how to secure your Trust Wallet to ensure the utmost security for your digital assets.

    Cryptocurrencies are getting more prolific, but unfortunately, so are scammers and their schemes. While blockchain networks are notoriously difficult to hack, cybercriminals often find ways to manipulate users to gain access to their funds. Last year alone, more than $1B worth of crypto was stolen in multiple thefts.

     

    In this article, you will learn how to tighten your wallet security as a Trust Wallet user.

     

    How Does Trust Wallet Work?

    For newbies joining the crypto space, a wallet is a software that stores the private keys to your cryptocurrency holdings.

    Your wallet keeps records of transactions using two keys, public and private. A public key (think bank account number) is an address that you send out to others to receive crypto, while your private key (think transaction pin) grants you ownership of the wallet.

     

    Viktor Radchenko introduced Trust Wallet to allow users to send, receive and trade crypto in the simplest way. Users can also foray into the DeFi world, explore NFTs, or play blockchain games using the in-built DApp browser.

     

    The leading multi-asset mobile wallet interacts with 40+ blockchains and supports 160K+ digital assets. Each asset has a public key or address sent to other users to receive crypto and a private key for signing off transactions.

     

    Recovery Phrase — Your Pass

    For easy usage, Trust Wallet encrypts all assets’ private keys to create one master private key, which is then run through an algorithm to generate a unique 12-word phrase known as the Recovery Phrase.

    Upon signing up, you will be assigned a wallet that you must back up with your recovery phrase immediately.