On Tuesday (June 4), the team behind Binance's official non-custodial wallet app, Trust Wallet, announced that it had added support for Binance DEX, the decentralized exchange that Binance built on top of Binance Chain.
What Is Trust Wallet?
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, and it turned into a multi cryptocurrency wallet. Trust Wallet also has an integrated full-featured Web3 browser (called "Trust Browser") that allows the user to interact with decentralized applications (DApps) directly from within the app.
Some of Trust Wallet's key features include:
- Ability to participate in any ERC20-based or ERC233-based initial coin offering (ICO) or airdrop. (Note that you can easily adjust gas price, gas limit, and data/message.)
- Fully audited by a leading security firm.
- Support for 31 blockchains—including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), XRP, Stellar (XLM), Litecoin (LTC), Ethereum Classic (ETC), TRON (TRX), Wanchain (WAN), Dash (DASH), ICON (ICX), EOS, , Kin (KIN), Nimiq (NIM), Aion (AION), Tezos (XTZ), Dogecoin (DOGE), Binance Chain (BNB), Cosmos (ATOM), and Qtum (QTUM)—as well as 20,000+ ERC20-compatible, ERC223-compatible, or ERC721-compatible Ethereum tokens (such as Basic Attention Token or Augur).
- Access to your wallet from various cold storage wallets, such as Ledger, Trezor, and KeepKey devices, without needing to reveal your private key via a "view-only" mode.
Addition of Support for Binance DEX
In a blog post published earlier today, the TrustWallet team explained that Trust Wallet now allows you to "access a decentralized digital asset exchange built on the Binance Chain with nearly-instant transaction finality that allows you to maintain custody and full control over your own funds while enjoying the fast trading experience of Binance DEX anywhere you go."
Viktor Radchenko, the founder and development lead at Trust Wallet, had this to stay about this new feature:
“One of the essential needs for a working crypto economy is to have the ability to swap or exchange your digital assets. This, and the ability to always stay in control of your own Money. Binance Chain and Binance DEX fulfill both these needs.”
And if you prefer to trade from your desktop/laptop computer rather than from your iPhone or Android phone, then the Trust Wallet team has you covered thanks to the WalletConnect feature that was announced on May 3.
WalletConnect is "an open protocol for connecting desktop DApps to mobile wallets using end-to-end encryption,"and it "allows all Trust Wallet users to interact with any DApp without compromising recovery phrases or private keys, as you will be notified to approve all transaction requests directly from your mobile device." Furthermore, WalletConnect is "integrated with Binance DEX," and "by scanning the WalletConnect QR code shown on Binance.org, you can easily link up your mobile wallet."
All Images Courtesy of Binance