Binance’s Trust Wallet App Adds Support for Stellar Lumen (XLM)

Siamak Masnavi
  • 28 Mar 2019

On Wednesday (March 27), Binance announced that its official wallet app, Trust Wallet, had added support for Stellar Lumen (XLM), as well as four other cryptoassets: Thunder Token (TT), Kin (KIN), Nimiq (NIM), and Aion (AION).

Trust Wallet, which was first released (for Android) on 25 October 2017, was acquired by Binance in July 2018. Originally it only supported Ether (ETH) and Ethereum tokens, but after it got acquired by Binance, support for other coins started to happen.

As of March 12th, when XRP support was added, Trust Wallet supported 17 blockchains, including Bitcoin, Bitcoin Cash, Ethereum, XRP, Litecoin, Ethereum Classic, TRON, Wanchain, VeChain, Dash, ICON, and EOS, as well as any 20,000+ ERC20-compatible, ERC223-compatible, or ERC721-compatible Ethereum tokens (such as Basic Atttention Token or Augur).

Trust Wallet Co-Founder and lead developer Viktor Radchenko, had this to say about the addition of XLM:

“Adding support to Stellar’s XLM on Trust Wallet is a result of our community’s overwhelming request and our response to it. Additionally, the Stellar team has made it easy for our development team to get XLM integrated to our wallet with its robust technical groundwork and tools that allowed the integration to be process fast, reliable and easy.”

To add XLM to your Trust Wallet, you just need to tap on the magnifying glass icon in the top right corner, search for "Stellar", and then tap on the “+” sign to the right of the XLM ticker symbol to enable it:

Adding XLM to Trust Wallet.png

As for the other four cryptoassets that were added—Thunder Token (TT), Kin (KIN), Nimiq (NIM), and Aion (AION)—Trust Wallet's blog post says that adding so many tokens/coins at one time "was only possible" because of their "Trust Wallet Core" library, which helps to "skip most of the repetitive steps involved when adding a new token." Trust Wallet Core is "an open-source cross-platform cross-blockchain wallet library" that supports "all common hashing functions, elliptic curve cryptography, key derivation, address encoding/decoding, and transaction signing for all supported blockchains."

The blog post also says that the Trust Wallet team is "especially excited about the addition of NIMIQ, the first coin added completely by our community."

Richard "Richy" Barquero, the Community Manager for the Nimiq team, says:

“Nimiq is delighted by the excellent work from our great Community and how they were able to integrate so quickly. Trust Wallet’s team of world-class developers, which were of great help throughout the whole process, added significant value to the whole ecosystems by releasing Trust Wallet Core as open source."

The Trust Wallet team says that this tells them that "open sourcing a major component of Trust Wallet" was the right decision, since it allows blockchains to easily integrate with the Trust Wallet app.

In a conversation with Viktor yesterday, he confirmed that although his team has used the Trust Wallet Core library to add support for some cryptoassets (such as XRP and XLM), this library can easily by used by anyone to add support for their favorite coins:

All Images Courtesy of Binance