Be your own bank, create a wallet๐๐ก
###Become your own bank, use a crypto wallet###
#Short: is it not amazing that you can be your own bank, safe your money in a non custodial wallet. You don't need a bank anymore. That is amazing technology. Post in the comments what your thoughts are..
1.Download the Trust Wallet App: Visit the App Store (iOS) or Google Play Store (Android) to download the Trust Wallet app.
2.Create a New Wallet: Open the app and click on 'Get Started'. Follow the on-screen instructions to set up your new wallet.
3.Backup Your 12-Word Seed Phrase: During the setup, Trust Wallet will generate a 12-word seed phrase. This is crucial for accessing your wallet in case of device loss or replacement. Write down the seed phrase and store it securely. Make multiple copies and ensure you do not lose it.
Exciting Update: In addition to the 12-word seed phrase, Trust Wallet now offers a new feature called Swift wallet. This feature allows you to recover your wallet using your face ID or fingerprint. This futuristic advancement eliminates the need to rely solely on the 12-word backup, offering a convenient and secure alternative for accessing your wallet. However, it's important to note that the implications of this method in the event of phone loss or replacement are yet to be fully understood. We are currently researching and testing the recovery process in such scenarios, and we will provide updates on its functionality in the near future. Stay tuned for more information on this fascinating development!
4.Confirm Your Seed Phrase: Verify your seed phrase by entering the words in the correct order. This ensures you have accurately recorded the phrase.
5.Set Up Additional Security: Create a secure PIN or enable biometric protection for an extra layer of security.
6.Funding Your Wallet: You can fund your wallet by purchasing crypto from third-party providers or transferring existing crypto assets.
7.Explore Wallet Features: Once your wallet is set up, you can start navigating the features, such as sending, receiving, staking, swapping, and connecting to decentralized applications (dApps).
Importance of Safeguarding Your Wallet:
•Protecting Your Seed Phrase: Your seed phrase is your gateway to accessing your crypto assets. Keep it safe, make copies, and avoid sharing it with anyone.
•Security Measures: Enable all available security features in the app, such as PIN protection and biometrics.
•Regular Backups: Regularly back up your wallet and stay informed about updates and security alerts.
###Start Using your wallet, Stay safe, never give away your seed phrase (12 words) to anyone you don't trust!!###
More about wallets is coming soon๐ค๐ค
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