Build your Cryptocurrency Wallet App Like Trustwallet from Scratch

Posted On August 03, 2020
Build your Cryptocurrency Wallet App Like Trustwallet from Scratch

Wallets are the most fundamental interface to the crypto economy, this secure and easy-to-use wallet is key to propagate the adoption of cryptocurrencies. Choosing the right cryptocurrency wallet is necessary to ensure the safety and accessibility of your digital currencies. Mobile wallets for both Android and iOS are designed to combine convenience and ease of use with fast access to your crypto assets.

Trust Wallet is simply the best opinion in this category. Trust Wallet is becoming much more than a simple Ethereum Wallet or ERC20 Wallet, since the wallet has grown to support more than 10 native blockchains, including their native tokens.

If you are planning to build your own Cryptocurrency Wallet like Trust wallet, our trustwallet clone app development have put together some instructions and information that might help you to get started.

Introduction- TrustWallet

Trust Wallet is a mobile wallet app that allows you to send, receive and store a wide range of cryptocurrencies. Designed with a target on simplicity, this open-source wallet focus to provide a platform that’s easy and straightforward to set up and use.

In simple, Trust Wallet is an on-chain wallet, where user private keys are decentralized, ie, stored on their own device. The private key is an important security feature, which includes a backup facility for simple recovery.

Trust wallet is a secure and decentralized mobile wallet that supports Ethereum and more than 20,000 ERC-20, ERC-223, and ERC-721 tokens. This wallet has a DApp Browser which is a full-fledged Web3 browser that allows you to interact with decentralized applications (DApp) directly from the application. In trust wallet, the users can also use the digital assets of any other well-known blockchains, such as Bitcoin, Litecoin, DASH, and Tron, etc.

TrustWallet acquired by Binance - On July 31, 2018, the famous cryptocurrency exchange Binance acquired Trust Wallet to add an on-chain mobile wallet to its services. Binance stated that it hopes to improve Trust Wallet's efficiency with future services offered on its cryptocurrency exchange platform. 

source - Binance

TrustWallet Fees

The trust wallet has several options to trade or exchange your tokens. Either you can send your tokens to an exchange, or utilize services such as Changelly or Shapeshift. On another hand, you can utilize the DApp browser, which grants you access to your tokens right from your wallet.

Trust Wallet has made bold claims that it charges no fees for its services. However, to execute a transaction on the Ethereum blockchain, you need to pay “gas.” The gas fee goes to the Ethereum miners who confirm the transaction. This means that the Trust wallet does not get any part of your transaction fees.

TrustWallet Supported Coins (All your coins in one place)

Trust Wallet is a multi-asset cryptocurrency wallet that supports more than 40 blockchains and hundreds of thousands of tokens. It’s so much easier to keep track of your holdings when they are all in one easily accessible place. 

The TrustWallet supports 160k+ assets, some of them are

  • Binance Coin (BNB)
  • TRON (TRX)
  • Cosmos (ATOM)
  • Tezos (XTZ)
  • Bitcoin Cash (BCH)
  • Dogecoin (DOGE)
  • Nano (NANO)
  • Aion (AION)
  • VeChain (VEN) 
  • Stellar (XLM)
  • Ethereum (ETH) 
  • Ethereum Classic (ETC) and all ERC20 and ERC223 tokens. 

Check out the below video to know how to use / trade on the Trustwallet.

How to add digital assets in a wallet?

The following are the steps to add cryptocurrencies to Trust Wallet,

step 1 - Log into your wallet.

step 2 - click “Receive”.

step 3 - Scan the QR code/copy your wallet address.

step 4 - Use this address to transfer funds into your wallet.

step 5 - Click the “Transactions” tab to review the transaction history for your wallet and confirm that the funds that you have arrived.

How do make payments with my Trust Wallet?

Here are the following steps to make a payment from Trust Wallet

Step 1 - Log into your wallet.

step 2 - Click on the “Send button”.

step 3 - Give your recipient’s wallet address in the field supplied or scan the relevant QR code.

step 4 - Specify the amount you want to send and select “Next”.

step 5 - Review the transaction details, including gas price.

step 6 - click on “Send”.

Get a free live demo to Build your own Cryptocurrency Wallet App like TrustWallet!!

Why you should need a Cryptocurrency wallet like TrustWallet?

1. Anonymity

The wallet does not keep any user data. The wallet also does not use any KYC regulations, You can download, install, and set up Trust Wallet without having to provide any personal details.

2. Security

Trust Wallet offers a number of security features to help protect your crypto assets against hacking and theft. The following are the main security features of the wallet.

Private Key is stored locally instead there is no need to store your private key on Trust Wallet, that is you can get to store the key on your own device.
 
Seed phrase back up
 
FaceID and TouchID for extra protection
 
Open-source. You can review Trust Wallet’s code online, and the app has also been audited by the security experts.
 
Backup facility- By backing up your Trust Wallet during the setup process, can restore your wallet from an encrypted file in less than 30 seconds.
 
3. Decentralized 
 
Trust Wallet is designed in a way to keep you and your funds safe. It’s a decentralized wallet so you control your private keys and can access your crypto at any time anywhere with or without Trust Wallet. 

4. Hold and earn

In Trust Wallet you can earn cryptocurrencies by staking. There are multiple supported staking currencies including Tron, Algorand, Tezos, cosmos and more. Users can also explore the range of DApps using the inbuilt DApp browser. 

5. Buy and trade crypto

Trust Wallet can be used to swap, trade or even buy crypto with your credit card. Its so easy, you can just choose the currency you want to buy and enter your card details. Job done! Not all cryptos are supported for card purchases but only the major cryptos such as Bitcoin, Ethereum, BNB and many more. 
 
TrustWallet - Ease of Use
 
You can easily set up your wallet by going through the usual procedures by entering an e-mail address, create a password and enter a seed phrase. Its is always remember to keep your seed phrase safe.
 
The wallet has an perceptive design, that is structured in such a way that you can access both airdrops, ICO tokens, and Ethereum through one address.
 
Since the Trust wallet provides its users with a unified wallet address, they can add their desired token list from a list of tokens integrated inside the wallet.
 
Access to DApps through the Trust DApp browser was also made so easy that even a crypto newbie can make use of it easily.
 
Users can also gain access to top cryptocurrencies through the Trust wallet instead of having to use multiple wallets. Top coins such as  ICON, POA Network,TRON, VeChain, TomoChain, GoChain and Wanchain blockchain, to name a few.
 

TrustWallet Clone App Features & Technical specifications


Wallet: You can send and request ether, ERC20 and ERC223 tokens

Send & Receive: Easily send and receive assets via QR code or copy/paste

Watch: you can add an address and get notified when it is active

DApp Browser: Use DApps to instantly buy, sell ethereum and ERC20 and ERC223 tokens, collect digital assets such as cryptokitties and more

Transactions: See detailed information about transactions, full history, price of your portfolio

Push notifications: Get notified when transactions happen on your address

Security: Set a passcode to protect the app to add another level of encryption
 

Pros of Our Trustwallet Clone App

 
  • Free download
  • Simple and convenient to use
  • Swap or trade assets in the app in seconds.
  • Track charts and prices of coins and tokens.
  • Stay private & secure storing your privacy coins
  • Retain control of your private keys
  • Earn crypto while holding by staking.
  • Allows staking and earning returns on held crypto-assets
  • Available for both iOS and Android devices
  • You can own Bitcoin in 5 minutes
  • Keep your crypto safe from hackers & scammers
  • Buy more crypto with your credit card

Where to build a trust wallet clone app development?

If you are looking to build a Cryptocurrency wallet like Trustwallet from scratch or want one based on existing features and extensions, Coinjoker can build it for you.

Coinjoker is a Cryptocurrency Exchange Development Company that promises the most cutting-edge products and services for your crypto-based business with a team of Blockchain developers. Our team of passionate developers offers Cryptocurrency Wallet App Like Trustwallet that has the existing functionalities, benefits, and security modules present in the trust wallet- The Official wallet of Binance. This wallet customized for both mobile(android and iOS) and desktop by adding more coins and features to enable your users to fully grasp the seamless experience of having all your tokens, DApps, and more in one place. It supports trading with 100+ cryptocurrencies made on a different blockchain.  

Fill out the form below- To Build Cryptocurrency Wallet App like Trustwallet!!

 

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