Guest Post by Trust Wallet: Trust Wallet & CoinMarketCap Bring Decentralized Logins to More People Than Ever | CoinMarketCap (2024)

FAQs

Is trust wallet a Decentralised wallet? ›

Is Trust Wallet Centralized or Decentralized? Trust Wallet is a decentralized crypto wallet, meaning users take self-custody of their cryptocurrencies and private keys. Crucially, Trust Wallet does not collect any personal information from users – enabling them to store cryptocurrencies anonymously.

MoonPay is a leading financial technology company that has revolutionized the way individuals buy and sell cryptocurrencies. It's an on- and off-ramp service that enables customers to buy cryptocurrency assets using a whole range of traditional payment methods.

Yes. In the United States, your transactions on Trust Wallet and other platforms are subject to income and capital gains tax. If you've earned or disposed of crypto (ex. Sold or traded away cryptocurrency) during the year, you'll have a tax liability to report to the IRS.

The Coinmarketcap website does not have a withdraw function. Coinmarketcap is a cryptocurrency data aggregator, meaning it provides information on the prices and market capitalizations of various cryptocurrencies. It is not a cryptocurrency exchange or wallet, so it does not have the ability to withdraw funds.

To withdraw money from Trust Wallet to a bank account, convert your crypto to Bitcoin on an exchange, then use services like Coinbase, BitFlyer, or Binance for direct bank deposit. Alternatively, use peer-to-peer platforms for trades. Remember, processing times, fees, and available currencies vary with each method.

MoonPay USA LLC is licensed by the Virginia State Corporation Commission as a money transmitter. This license does not cover the transmission of virtual currency (Bitcoin).

Identity verification requirements

government-issued identification documents to verify your identity: International passport (not available for US customers) State-issued U.S. identity card (both sides and for US customers only) Social Security Number (SSN) card (US customers only)

The bad things are that there are some fake currencies on this wallet and many scammers who support these currencies. You may lose all your coins if you lose your device and your key-phrases. It has a limit to withdrawal which is an irritating point.

True ownership of your crypto assets

We secure your wallet, but don't control or have access to your private keys or secret phrase - only you do.

Can I use trust Wallet to receive money? ›

To receive cryptocurrency in Trust Wallet, open the app, select the specific cryptocurrency wallet you want to receive, tap on "Receive," and you'll find your wallet address or QR code. Share this address or code with the sender to receive the cryptocurrency.

On your mobile device, open the wallet you wish to connect (such as MetaMask, Trust Wallet, etc.). CoinTracker will display a QR code. Use your mobile wallet app to scan this QR code. If your wallet supports deep linking, you may be able to connect by clicking a link instead.