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Trust Wallet Review – A Secure and Hassle-Free Wallet

Trust Wallet is that simple yet effective digital wallet that helps you store your cryptocurrencies. Trust Wallet Fees and Limits…

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With the crypto prices surging high like never before, daily there are thousands of new crypto investors and traders looking for digital wallets to store their crypto. As we store our cash in the wallet, crypto wallets are digital ones where cryptocurrencies can be stored.

Any crypto wallet user looks for safety in the first place. So, here in this article, we will talk about one of the new crypto wallets – Trust Wallet which is a safe and secure option for storing your crypto assets. We will cover all the aspects of this new wallet so that you can get an insight into the same and decide whether to use it or not.

Overview NameTrust WalletReleasedNovember 2017Wallet typeMobile WalletPriceFreePlatforms supportedAndroid and iOSCryptocurrencies supportedBitcoin (BTC), Ethereum, Ripple, Bitcoin Cash, Litcoin, othersMobile supportYes What is Trust Wallet?

Trust Wallet is that simple yet effective digital wallet that helps you store your cryptocurrencies. It offers great features which are pretty straightforward and user-friendly. This is an open-source digital wallet that is quite easy to set up and use.

You can receive and send multiple cryptocurrencies and not just one or two as this wallet accepts a wide range of such currencies. There is an option for storing private keys as well which is included in the security feature of this application which makes the app way more secure than its peers. You can use its built-in exchange as well and other decentralized applications directly from the Trust Wallet platform.

Salient Features of Trust Wallet

  • User-Interface: It is an easy-to-use application where you can buy cryptocurrencies within five minutes. You can exchange the cryptocurrencies even without leaving the application.
  • Supports multiple currencies: You can invest in multiple cryptocurrencies like Bitcoin, Ethereum, and others. You can check all your crypto assets in one place. You do not have to use different wallets for storing different cryptocurrencies.
  • Earn Interest: Yes, you can also earn interest on the cryptocurrencies that are in your Trust Wallet.
  • Charts and analytical tools: There are multiple charts, tools, and resources for tracking the price of your favorite cryptocurrencies on this platform.
  • Security: It is a safe platform for storing your cryptocurrencies. It is secured from hackers. There is also the option for encrypting private keys and the control lies with you only which makes it much safer.
  • Compatibility: It is compatible with Android 6.0 and above and also with iOS 13.0 and above.

Trust Wallet Fees and Limits

There are no charges for downloading and using this wallet. You can download it from the App Store if you are an Apple/iOS user. If you are an Android user then you can download it from the Google Play Store.

However, if you are transacting cryptocurrencies, then there is a network fee that you have to pay for the outgoing transactions of cryptocurrencies.

How to Set up Trust Wallet?

To set up you just need to follow these three steps –

  • Download Trust Wallet from Play Store or App Store
  • Create a new wallet in the application. You will get a login id and password after you create the wallet.
  • Log in and you can buy some cryptocurrencies as you are all set.

How to Add Currency to Trust Wallet?

To add cryptocurrency to this wallet you have to –

  • Login to your new wallet on Trust Wallet.
  • Click on the option ‘Receive’
  • Copy your wallet address or scan the QR code. Use these for transferring funds into the wallet.
  • Then you can confirm the transaction being completed or not by clicking on the ‘transactions’ tab and checking the history of transactions.

How to Make Payments With Trust Wallet?

For making payments from Trust Wallet you have to –

  • Login to the wallet of yours.
  • Click on the ‘Send’ option/button
  • Scan the QR code or enter the wallet address of your recipient
  • Enter the amount to be sent and click on ‘Next’
  • Tap on ‘send’ after reviewing the transaction details.

Pros

  • It’s free to download
  • Convenient and user-friendly
  • Wide range of cryptocurrencies
  • Private key encryption for security
  • Interest earning on cryptocurrencies in the wallet
  • Available for both iOS and Android platform

Cons

  • Not as much secure as the hardware crypto wallets

Conclusion

To conclude, we can say that the Trust Wallet is an easy to use crypto wallet which is loaded with multiple features. It supports most of the cryptocurrencies which makes it a viable option for those who invest in multiple cryptocurrencies. It is user-friendly and thus even the novice in this market can use this wallet.

FAQ

Is Trust Wallet completely free to use?

Yes, it is completely free to use. You can download it for free and use it without paying anything. The cost which you are required to pay is for the transaction of cryptocurrencies and not for using Trust Wallet.

From where can we download Trust Wallet?

You can download it from –
Apple App Store – You can download it from the App store of Apple for your iOS smartphone.
Google Play Store – Android users can easily download it from the Google Playstore.

Can I purchase any Crypto with this wallet?

Yes, you can buy crypto without sharing any personal details of yours as no personal details are collected by this application. You can just use your credit card and buy the cryptocurrencies.

How to encash my cryptocurrencies on Trust Wallet?

If you want to encash your crypto then you have to send the same to an exchange. There it can be converted to Fiat currency. On Trust Wallet, you cannot directly encash your crypto or convert it into fiat currency.

Is Trust Wallet secure platform?

It is safe and secure. You can use the private keys to have more control over your wallet and make it more secure.

Source: https://coinpedia.org/crypto-wallet/trust-wallet-review/

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Coinpedia

Solana Price in Discovery Mode, SOL Price to Hit $150 Soon!!

Solana has pulled off an incredible comeback. The new ATH this week fueled its ascension into the top ten. The altcoin on the other hand, has reached huge

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Solana has pulled off an incredible comeback. The new ATH this week fueled its ascension into the top ten. The altcoin on the other hand, has reached huge milestones in a short period of time and has developed tremendously.

SOL price has risen dramatically in the last seven days, reaching an all-time high of over $80 on August 18th. The total market capitalization is at around $21 billion.

SOL Price Analysis

The Solana coin is creating divergence with price movement and technical characteristics on the weekly chart. The coin is rising in value as it forms greater highs and lower lows patterns. The current Solana price prediction mood is bullish.

The coin’s price has been fluctuating between $68 and $75.90 on a daily basis. Meanwhile, the token remains barely over $71 as bulls aim for a return to $80.

The SOL bulls may be taking a break. A short-term slump does not always imply that the asset has reached its peak. This is why. To begin with, the general mood remained upbeat. Awesome Oscillators green final bars mimicked a similar phase.

The MACD, which was slanted upwards, was also quite positive. The Relative Strength Index [RSI] has slowed towards the extreme overbought zone but has not yet turned down, indicating that the SOL market is still dominated by buyers.

$150 for Solana?

Smart Contracter, a well-known crypto trader, is forecasting fresh all-time highs for Ethereum competitor Solana.

A 130 percent gain for Solana from its current price of $65.15 isn’t outlandish, according to the crypto analyst. The Analyst estimates a $150 price tag for Solana after five waves, using Elliott Wave, which predicts price swings based on crowd psychology that tends to emerge in waves.

“This SOL ath [all-time high] breakout is looking like a monster wave three in the making. $150 is not unreasonable in my opinion.”

The MACD, which was slanted upwards, was also quite positive. The Relative Strength Index [RSI] has slowed towards the extreme overbought zone but has not yet turned down, indicating that the SOL market is still dominated by buyers.

Source: https://coinpedia.org/price-analysis/solana-price-in-discovery-mode-sol-price-to-hit-150-soon/

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Coinpedia

Bitcoin Price Facing Vital Resistance As Golden Cross Expected On 13th August!

Bitcoin(BTC) price after rallying above $46500, it consolidation again around the strong support levels in order to head close to $50,000

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Bitcoin price rallied remarkably and successfully added yet another $2000 with a nearly 6.1% jump. Moreover, the price also achieved the important resistance levels around the 200-day MA at $44,864. The rally marked a bullish re-establishment but with the beginning of the fresh day trade, BTC price initiated with consolidation. Whereas most of the altcoins appear extremely bullish.

The past weekend turns out to be a pivotal period that dragged the crypto space out of the reach of the bears. BTC price currently is reattempting to surge above $46000, keeping the bullish momentum well in place. On the other hand, the ETH price comfortably resides above $3100 after the occurrence of the Golden Cross.

Also Read: Bitcoin Price Analysis: Is Short Term Correction Evident Before the Golden Cross? Popular Analyst Says YES!

However, the Golden Cross on Bitcoin is expected to occur in a coming couple of days on 13th August 2021 as predicted by analysts.

Currently, the exchange outflow ratio has fallen to the lowest point since June 2019. Therefore a sense of confidence among the holders is withnessed as large exchange sell-offs are less common when less supply is at risk on exchanges.

Despite Bitcoin price closed above the important daily 200-MA, buyers appear to be exhausted in fueling the bull run. However, if the consolidation drags the price down, a higher low between $44,000 to $44,300 could preserve its uptrend. And hence, the BTC price could ultimately coil up towards $50,000, $48,000 could be the initial stop.

Also Read: Ethereum Price Flips Before Hitting Crucial Support Zones, Bull Market Resumes!

Despite Bitcoin price closed above the important daily 200-MA, buyers appear to be exhausted in fueling the bull run. However, if the consolidation drags the price down, a higher low between $44,000 to $44,300 could preserve its uptrend. And hence, the BTC price could ultimately coil up towards $50,000, $48,000 could be the initial stop.

Source: https://coinpedia.org/bitcoin/bitcoin-price-facing-vital-resistance-as-golden-cross-expected-on-13-august/

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Coinpedia

Polygon (MATIC) Price Retraces Well, Is It A Dead Cat Bounce Or A Recovery?

The Polygon price struggling to sustain the uptrend, the possibility of a fake breakout haunts the Matic Price Rally

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Matic Netwrok gained immense popularity and recognition with the rebranding to Polygon, earlier this year. Additionally, the Matic price rally also gained mainstream attention and adoption of-let. However, surrounding the immense market uncertainty, Polygon price slumps to its lowest levels.

The price has tanked more than a couple of time in a months time. Therefore healing is much delayed than expected. No doubt the price initiated with recovery within a short time frame, yet the multiple plunges have impacted the momentum of the uptrend. And hence, the probability of forming higher highs has fallen down to lower highs.

matic deadcat

As mentioned in the chart, the MATIC price experiences an extreme squeeze as the resistance levels are lower after each slump. The recovery rate has also gone down which clearly indicates the loss of bullish momentum. With the price attempting to uplift again, it would be mandatory to raise a huge leg up. Else, if the price follows the previous pattern, the dead cat bounce may lead the price to revisit the levels below $1.

AlsoRead: MATIC Price Targets $2.40 Level! Polygon Flashes Buying Signals!

Is It Safe To Enter The Matic Price Trade?

The short-term price analysis for the Polygon price, however, does not give a fully green signal to enter the trade. As the instability prevailing the crypto space does point out to observe the price movements closely and enter at the right time.

However, the recent dip may have opened the doors to initiate a ‘buy’ trade. As the price is expected to jump high soon. As per the analyst, Altcoin Sherpa, there was a nice dip towards the demand zone. Moreover, the analyst believes the price may reach the weakly highs around $1.7.

$MATIC: Nice dip to the demand zone again w. a good reaction. Would like to see it flip this current level before buying. Decent buy volume from yesterday; we’ll see if this can test higher. #MATIC pic.twitter.com/LDCPEowSh8

— Altcoin Sherpa (@AltcoinSherpa) June 23, 2021

Interestingly, the analyst also predicts a dip after the price attains the upper resistance levels. And hence, the $2 target still remains still misty. As the bulls remain still calm and maybe waiting for the right time to uplift the Matic price.

The short-term price analysis for the Polygon price, however, does not give a fully green signal to enter the trade. As the instability prevailing the crypto space does point out to observe the price movements closely and enter at the right time.

Source: https://coinpedia.org/price-analysis/polygon-matic-price-recovers-well/

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