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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

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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Coinpedia

Will Bitcoin Death Cross Pave Way for a Golden Cross

The token’s price pattern on the charts has recently formed a death cross pattern. i.e, the crossing of BTC’s 50-day moving…

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Bitcoin plunged to a two-week low on Monday, falling as much as 11.4% to $31,735. The flagship crypto has been highly volatile, as it has dropped more than 20% in the last six days and is almost half the price of its April high of nearly $65,000.

The token’s price pattern on the charts has recently formed a death cross pattern. i.e, the crossing of BTC’s 50-day moving average below the 200-day moving average.

This infamous pattern has triggered a conversation amongst traders and analysts. While some consider it as a bearish indicator, some believe the prices will recover and surge higher than ever before.

Historically, Bitcoin’s formation of a death cross in March 2020 proved no hindrance to profits, as it rose two months later and formed a golden cross. However, a death cross in November 2019 resulted in the coin’s price falling a month later.

Popular analyst and trader Benjamin Cowen has weighed in on the death cross pattern. He believes that moving averages are lagging indicators that often tell us what we already know.

Cowen says Bitcoin will have lengthy bull cycles, and it is in for a long period of consolidation and range. The expert claims that he believes BTC Price will reach $100,000, but that it will take longer than most people think.

The analyst believes that now that the death cross is nearly complete, Bitcoin bulls can look forward to a probable “golden cross”.

“One nice thing about a death cross is that the next thing you can maybe look forward to is a future golden cross. Now, I don’t know how long it’ll take… We know that historically speaking, at least in recent years, it could take six months before we get above the 20-week [moving average] and then hold it as support.”

Not just Cowen, Popular analyst Plan B has also weighed in, He took to Twitter and pointed at the timelines of previous death crosses in Q4 2019 and Q1 2020 and what followed further.

Historically, Bitcoin’s formation of a death cross in March 2020 proved no hindrance to profits, as it rose two months later and formed a golden cross. However, a death cross in November 2019 resulted in the coin’s price falling a month later.

Source: https://coinpedia.org/bitcoin/bitcoin-death-cross-pave-way-for-a-golden-cross/

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Coinpedia

A Major Breakout Awaits Cardano Price, Is $2 Achievable Now?

Cardano(ADA) price is showcasing a possibility of a major breakout that might result in a reattempt to propel towards $2

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cardano surge

The crypto space is currently uncertain as the price of most of the coins does not point out either bullish or bearish. While speculations and anticipations fail for most of the coins, Cardano price stands away from the crowd. As the ADA price currently is not too bullish nor it does show signs of a plunge to lower lows.

Despite a major drop during mid-may, the price remained above $1 whereas the other assets within a similar range plunge down to $0.7 to $0.8 levels. Considering the present scenario, ADA price is trending within a narrow range. And hence showcasing a possibility of a breakout as it failed to break down the strong support levels.

Also Read: Is Cardano Price Poised For 500% Rally? ADA Price to Hit $10 By 2021 End

adapricetrianlge

As mentioned in the chart, the price after bouncing above the support levels did not dip below these levels in the past month. However, the fresh dip enforced the price to trade within the lower limits of the channel. On the other hand, a triangle pattern has also formed and the price already rebounded from the lower levels. And hence after a consolidation for another day or two, a breakout appears imminent.

Cardano price bull run seems to approaching very fast as it has followed the uptrend line without any flaws. And the price could reach $1.84 or equal to 0.0000519 BTC by the end of July as predicted by a popular analyst, mantorras.

The crypto space is highly anticipated to gain enough momentum and bounce back. Many analysts believe the upcoming Q3 and Q4 of 2021 will be very fruitful than the initial one’s. And hence, Cardano price may also regain the lost positions above $2 with an aim to never revisit lower levels. In such a case, the bulls need to uplift the ADA price well before the time.

Photo of Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

Source: https://coinpedia.org/price-analysis/major-breakout-awaits-cardano-ada-price/

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