Trust Wallet, a mobile wallet for storing cryptocurrencies, has announced the addition of a new feature – the ability to exchange cryptocurrencies for fiat money right in the application. This means that Trust Wallet users will now be able to not only store their cryptocurrencies but also exchange them for real money without the need to use third-party services.
- The update to the Trust Wallet app allows users to exchange more than 30 types of cryptocurrencies, such as Bitcoin, Ethereum, Binance Coin, as well as stablecoins such as Tether and USD Coin, for fiat money within the app. This means that users can receive money to their bank accounts directly from their Trust Wallet.
One of the advantages of such an exchange is that there is no need to use third-party services, which reduces the risks of fraud and cryptocurrency theft. In addition, this feature gives users more freedom in managing their assets, as they can change their investments directly from their mobile phone.
To use the new exchange feature, Trust Wallet users need to go through an identity verification procedure. This ensures a higher level of security and prevents the application from being used by unwanted audiences.
In a world where cryptocurrencies are becoming increasingly popular and widely used as a means of storing investments, Trust Wallet empowers its users by allowing them to receive real money from their cryptocurrency investments. This will make the asset management process more comfortable and convenient for users.
The Trust Wallet app was developed by the team at Binance, one of the largest cryptocurrency exchanges in the world. This guarantees users a high level of security and reliability, as Binance has extensive experience in developing and securing cryptocurrency products.
Overall, the addition of the cryptocurrency to fiat money exchange function right in the Trust Wallet app is an important step to empower users and make managing cryptocurrency assets easier and more accessible to everyone. It is also part of the general trend of combining blockchain and finance technologies, which leads to the creation of new and more efficient ways to manage monetary assets.