How to Install and Set Up Trust Wallet

Cryptocurrency is a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority. Oxford Languages

If you are a beginner in crypto this guide on how to install and set up a wallet is a plus for you to get started. 

One of the most convenient crypto wallet to use is the Trust Wallet.

Trust Wallet is the official crypto wallet of Binance and one of the best ethereum and cryptocurrency wallet to store your favorite BEP2, ERC20 and ERC721, and tokens.

The Trust Wallet app is a mobile crypto wallet that doesn't require registration. It's available for IOS, Android and Google Play users. Once installed, you can easily connect your wallet to DApps, including PancakeSwap, SushiSwap, and Beefy Finance.

Trust wallet isn't just for BSC either. It also supports the Ethereum, POA Network, and Callisto blockchains, to name a few. 

This step-by-step guide is according to Binance Academy

Installing and setting up Trust Wallet

1. First, head to the Trust Wallet website and click the link for your desired OS.

2. Install the app according to your specific device. After opening Trust Wallet, go ahead and click [Create wallet].

3.You'll now see a seed phrase. It acts as a recovery password in case you lose access to your mobile device or wallet. Keep a copy of it in a secure, secret place.

4. After clicking continue[Continue], you'll be asked to repeat your phrase in the correct order. This step is to ensure that you have copied or written down your seed phrase. Once you've input the words in the right order, click [Continue].

5. You now should have successfully set up your crypto wallet, and you'll find yourself on the [Wallet] tab. 

Depositing BNB into Trust Wallet

To use Binance Smart Chain (BSC) DApps, you will need some Binance Coin (BNB) to pay for your transaction fees. Every time you send tokens using BSC or interact with smart contracts, you'll have to pay some gas.

1. To use your BNB BEP-20 tokens for gas, your tokens must be sent using the BEP-20 transfer network. If you are withdrawing from Binance, make sure to choose the [BEp-20 (BSC)] option on the withdrawals page.

2. To deposit the BEP-20 BNB, open up the [Wallet] tab on Trust Wallet nd click [Smart Chain]. Do not click [BNB]. This option is for BEP-2 BNB on Binance Chain and cannot be used to pay transaction fees on BSC.

3. Click the [Receive] button to find your deposit address. You can then copy and paste this address into your withdrawing wallet or scan the QR code.

Adding new tokens to your Trust Wallet list

After installing Trust Wallet, your default list of tokens and crypto is quite small. For example, let's suppose you want to add CAKE to your list to make it visible in your Trust Wallet. 

1. Open the [Wallet] tab and click the icon in the top right corner.

2. Search for the token you want to add to your list and click the toggle button, so it turns green. In this example, we're adding CAKE (BEP-20), which is PancakeSwap's token on Binance Smart Chain.

3. Done. You'll now see CAKE on your [Wallet] tab and any balance you might have.

Now you have already set up your Trust Wallet. You can now store, hold, trade and earn with cryptocurrencies.

Thinking about the best ways to earn money with crypto?

Here are the best ways of making money with crypto.

• Investing
• Trading
• Staking and Lending
• Mining
• Airdrops and Bounty

From my personal perspective if you're a newbie, you should start with Mining, Airdrops and Bounty programs. Most of this stuff is free. But always do your research before transacting online. Beware of frauds and scammers.

You will also need to know some of the well-known cryptos on the market.

Here are the list of some well-known cryptos.

• Bitcoin
• Ethereum
• Litecoin
• Dash
• Bitcoin Cash
• Dogecoin
• Cardano
• Polygon
• Tether
• Shiba Inu

You can follow my upcoming blogs to find out more on this topic.

Reference

https://academy.binance.com/en/articles/connecting-trust-wallet-to-binance-smart-chain-bsc