Trust Wallet, a mobile crypto wallet providing an array of features such as vast cryptocurrency support, access to decentralized exchanges, and secure storage, was developed by Viktor Radchenko in 2017 and acquired by Binance in 2018. It automatically recognizes and displays ERC-20 tokens, making it an ideal choice for both users and developers. This article delves into the specifics of Trust Wallet Token (TWT) and how to purchase it with Turkish Lira (TRY).
What is Trust Wallet Token (TWT)?
Trust Wallet is a versatile mobile app designed to support a wide variety of cryptocurrencies. It offers access to decentralized exchanges and applications (dApps) through a Web3 browser, along with secure storage for numerous cryptocurrencies. Its user-friendly interface and strong security measures cater to both beginners and experienced crypto users. The main token of Trust Wallet is TWT.
The inception of Trust Wallet traces back to Viktor Radchenko’s challenge of managing numerous ERC-20 tokens after participating in many early Initial Coin Offerings (ICOs). This quest led him to begin developing Trust Wallet in September 2017, and within three weeks, he created the first mobile app that could send and receive Ethereum (ETH) and ERC-20 tokens.
Launched in November 2017, Trust Wallet quickly gained user adoption, particularly due to its “automatic tokens” feature that identified and displayed ERC-20 tokens linked to users’ addresses. By March 2018, Radchenko and a small team were working full-time on Trust Wallet to add new features and improve user experience due to the rising demand and support requests.
Why Did Binance Acquire Trust Wallet?
On July 31, 2018, Binance acquired Trust Wallet, marking its first acquisition in the industry. This move added a secure, on-chain mobile wallet to Binance’s service suite. Importantly, Radchenko maintained autonomy to continue leading the Trust Wallet project, ensuring its development remained aligned with the original vision.
Over the years, Trust Wallet’s reputation and popularity grew, and by 2020, it ranked sixth among the most downloaded crypto applications. This ranking underscores the wallet’s widespread acceptance and utility in the crypto world.
How to Buy TWT with TRY?
Binance TR is the optimal crypto exchange for investors in Turkey looking to purchase Trust Wallet Token (TWT). Binance TR allows for quick account creation, where users can trade over 100 cryptocurrencies, including TWT. The steps to buy TWT with TRY on Binance TR are outlined below.
**Practical Takeaways**
- Trust Wallet supports a broad range of cryptocurrencies and provides secure storage.
- It features a user-friendly interface suitable for both beginners and advanced users.
- Trust Wallet’s “automatic tokens” feature identifies and displays ERC-20 tokens automatically.
- Binance TR offers seamless trading of Trust Wallet Token (TWT) with Turkish Lira.
In conclusion, Trust Wallet has emerged as a preferred choice for managing cryptocurrencies, offering extensive support and secure storage. Acquired by Binance, it continues to evolve, providing a streamlined crypto management experience. Binance TR facilitates the easy purchase of TWT with TRY, making it accessible for Turkish investors.