Trust Wallet is a user-friendly mobile wallet that provides wide cryptocurrency support, access to decentralized exchanges, and secure storage features. Developed by Viktor Radchenko in 2017 and acquired by Binance in 2018, Trust Wallet stands out with its ability to automatically identify and present ERC-20 tokens for users. With comprehensive support for different types of cryptocurrencies and various blockchain integrations, Trust Wallet is an ideal choice for both users and developers. In this article, you can find answers to two questions: What is Trust Wallet Token (TWT) and how to buy Trust Wallet Token (TWT) with TRY.
What is Trust Wallet Token (TWT)?
Trust Wallet is a versatile mobile cryptocurrency wallet that supports a wide range of cryptocurrencies. It is designed to provide features such as access to decentralized exchanges, a Web3 browser for decentralized applications (dApps), and secure storage for various cryptocurrencies. Standing out with its user-friendly interface and security, Trust Wallet appeals to both beginners and experienced users in the cryptocurrency field. TWT is the main token of Trust Wallet.
The beginning of Trust Wallet dates back to Viktor Radchenko, who was struggling to store and manage numerous ERC-20 tokens after participating in many early Initial Coin Offerings (ICOs). This struggle led him to start working on Trust Wallet in September 2017. In a short period of about three weeks, Radchenko developed the first mobile application that could send and receive Ethereum (ETH) and ERC-20 tokens.
Launched in November 2017, Trust Wallet quickly gained significant user adoption. The initial users were particularly impressed by the “automatic tokens” feature, which allowed them to automatically identify and present ERC-20 tokens associated with their addresses. By March 2018, the increasing demand and support requests led Radchenko and a small team to work on Trust Wallet full-time, adding new features and improving the user experience.
On July 31, 2018, Trust Wallet was acquired by Binance, marking a significant milestone as Binance’s first acquisition in the industry. As part of the acquisition agreement, Radchenko maintained autonomy to continue leading the Trust Wallet project, ensuring that the application’s development continued in line with the original vision.
Trust Wallet’s reputation and popularity have grown over the years, with the wallet ranking sixth among the most downloaded top ten cryptocurrency applications in 2020. This ranking is a significant indicator of the widespread acceptance and usefulness of the wallet in the cryptocurrency world.
What is Binance TR?
Binance, the world’s largest cryptocurrency exchange by trading volume, officially launched Binance TR, a platform dedicated to Turkish cryptocurrency investors in 2020. Located in Istanbul, the cryptocurrency exchange can be accessed through trbinance.com.
Leveraging Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure, Binance TR offers both fiat-to-crypto and crypto-to-crypto trading services. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) directly through bank channels, as well as trade various cryptocurrencies with TRY trading pairs.
Users are supported by Binance TR with access to market-leading spot trading liquidity, a robust matching engine, advanced security protocols, storage solutions, and risk controls.
How to Buy Trust Wallet Token (TWT) with TRY?
Binance TR is the most suitable cryptocurrency exchange for investors who want to buy Trust Wallet Token (TWT) in Turkey. Binance TR allows the creation of an account quickly and offers the ability to buy and sell more than 100 cryptocurrencies, including TWT, with TRY. Follow the steps below to buy Trust Wallet Token (TWT) with TRY on Binance TR.
How to Open an Account on Binance TR?
Opening an account on Binance TR is quite easy. You need to visit the trbinance.com website and proceed with the “Create Account” step. In the first step of creating an account, you will be asked to enter basic information such as email address, phone number, name-surname, date of birth, nationality, and Turkish ID number.
After entering the required information accurately, you will need to verify the information through email/SMS verification. After completing this process, you will proceed to the second step, which is identity verification (KYC).
How to Verify Your Account on Binance TR?
Identity verification on Binance TR is one of the security procedures that need to be completed before starting cryptocurrency trading and when creating an account. This process is also necessary to protect both the user and the cryptocurrency exchange. Depending on your preference, you can perform the verification process from your phone or through the official website of Binance TR.
On the Binance TR website, click on the “Profile” option in the upper right corner, then select “Identity Verification and Limits” from the drop-down menu, and click on the “Verify” option. Afterward, you will need to scan the QR code that appears on your phone’s camera, or you can choose to send the verification link to your phone via SMS by clicking the “Copy URL” option.
Once the address is entered on your phone or the QR code is scanned, a screen will open up. First, touch the “Identity” option to continue. Then, select the appropriate document type to continue the verification process. After selecting the document type, upload the front and back of your document by taking clear photos, and then proceed with the “Selfie” option by scanning your face with your phone’s front camera.
After completing these steps accurately, your identity verification will be completed within a short period of time.
How to Deposit TRY on Binance TR?
You can easily deposit TRY into your Binance TR account from all banks. You can deposit and trade 24/7 from Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, and Şekerbank accounts, while you can use FAST to deposit up to 50,000 TL 24/7 from other banks. Deposits above 50,000 TL from other banks are processed within EFT hours.
To deposit money into your Binance TR account, visit the trbinance.com website, hover over the “Wallet” option in the upper left corner of the homepage, and click on the “Deposit” option from the drop-down menu. Then, select your preferred bank and continue the deposit process.
After depositing the funds, they will automatically appear in your Binance TR account wallet.
How to Buy TWT Coin with TRY on Binance TR?
After the deposit, you can navigate to the “Buy-Sell” option in the top left menu of the Binance TR website to proceed with buying TWT coin with TRY. Then, you can search for “TWT” in the search bar, select the TWT/TRY option, and proceed to the page for buying TWT with TRY.
On the TWT buying page, enter the price at which you want to buy TWT and the amount of TWT you want to buy in the designated fields. After entering the amount, you can complete your purchase by clicking the “Buy TWT” button.
Binance TR makes it easy for users to buy and sell cryptocurrencies with Turkish lira (TRY) and provides a secure and reliable trading platform for Turkish investors.
