TrustWallet Vs Infinito Wallet - Which One to Choose?
Trust Wallet is a hot crypto wallet that supports over 65 blockchains and 4.5 million assets. It also connects to dApps like Uniswap and PancakeSwap and offers its own in-built staking feature. It is also known for its security features such as touch ID and backup passphrase.
The best crypto wallet for you will depend on your needs and preferences. For example, if you only hold Ethereum and EVM-compatible chains, you may prefer MetaMask.
TrustWallet is a mobile-only cryptocurrency wallet with easy-to-use features. It has more than 5 million users and its popularity caught the attention of leading cryptocurrency exchange Binance, which acquired the app along with its parent company Six Days LLC in 2018. Unlike most other crypto wallets, Trust Wallet offers fee-free storage and staking and does not charge fees to send or receive cryptocurrencies. It also allows its users to earn rewards from staking their coins, which is an attractive feature for those who want to keep their digital assets safe from hackers.
The wallet has a simple, intuitive interface that is easy to navigate for users of all levels of experience. Its secure, non-custodial architecture puts the custody of users' private keys in their own hands. This protects their digital assets in case the service provider is hacked or shut down. The wallet also features an easy backup feature, requiring users to create a 12-word recovery phrase at the time they set up their account.
However, there are some limitations to Trust Wallet. For example, users cannot sell their digital tokens or non-fungible tokens (NFTs) directly through the wallet. This is because the wallet does not have an integration with any centralized exchanges. The only way to sell digital assets is to send them to a centralized exchange, which can take several days and involves a risk of losing money.
The Trust wallet has some great features, like a QR code scanner and Touch ID support. It also has an integrated instant exchange in partnership with Changelly. Additionally, it has a Dapp Browser that makes it easy to access dApps on the ETH - ONT - EOS and soon TOMOCHAIN blockchains. It is also one of the few mobile wallets that offers monthly airdrops to users.
However, the Trust Wallet app does have some drawbacks. While the wallet itself is free to download, there are transaction fees that apply when sending cryptos from your Trust Wallet. These fees depend on the type of crypto and its blockchain network. In addition, the app can be slow to update your balance and can be vulnerable to hacking.
Despite these concerns, the Trust wallet is still worth considering because it is a non-custodial, mobile wallet that focuses on security. It has a strong technical team and supports multiple cryptos. The company has also been working to comply with regulations in various jurisdictions.
Infinito is a multi-asset universal wallet that claims to be the first of its kind. The wallet supports major cryptos, as well as ERC-20, NEP-5, and NEO tokens. It also supports staking and has a secondary marketplace for earning rewards from holding your coins in the wallet. The company also provides best-in-class compliance protocols and has a responsive customer support team.
Infinito Wallet is one of the most secure mobile wallets around. It uses a combination of PIN and passphrase to protect users’ coins. The wallet also supports fingerprint ID, making it even more difficult for malicious entities to access users’ coins. Infinito Wallet doesn’t store user information or coin data on its servers, and it has implemented best-in-class compliance protocols and strong security.
Another great feature of Infinito Wallet is that it allows you to choose your transaction speed. This means that you can select whether you want your transaction to be completed instantly or if you’re okay with it taking 2-3 business days or 24 hours. Lastly, Infinito Wallet has a built-in exchange that makes it easy to trade your cryptocurrency for fiat.
Infinito Wallet is also the first mobile wallet to support Cardano’s Shelley era, and it’s the first to enable users to earn staking rewards for their ADA coins on the blockchain. The wallet also boasts a robust list of supported currencies, and it’s backed by the Isle of Man government to ensure compliance with regulatory standards in jurisdictions across the globe. In addition, the wallet is open source, meaning that external auditors can review its code and ensure the safety of user funds. The wallet is available on iOS and Android, and it offers a number of features that make it an excellent option for those looking to invest in the crypto market.
Security is a key aspect of any cryptocurrency wallet and TrustWallet doesn’t disappoint. The app is an HD wallet and supports biometrics, making it easy to secure your wallet against attacks. You can also back up your wallet using passphrases or passwords for added security. The team behind this crypto wallet is comprised of blockchain experts with intensive professional experience.
The Trust Wallet user interface is simple and intuitive, which has helped the app gain over 5 million downloads and bag a partnership deal with one of the world’s leading exchanges – Binance. Its growing popularity has attracted the attention of many users across the globe and fueled the development of advanced features on the platform.
Trust Wallet uses an advanced encryption protocol that encrypts user data to ensure the safety of private keys and other information. This prevents hackers from accessing your digital assets and provides a measure of privacy for the users. Your user public and private keys are not stored on the service providers’ servers, which means it would be difficult for them to steal your coins if they were ever compromised.
The Trust Wallet team has an extensive support section,Download TP wallet Android version , which includes a multilingual live chat and FAQ section. In addition, the company offers educational resources on its blog and provides monthly platform updates on new and upcoming features.