Teaching how to buy and transfer bitcoins in TrustVault

Trust wallet is one of the most popular and widely used applications among Iranian users and investors. Buying Bitcoins and transferring Bitcoins in TrustVault is very easy and this wallet does not require a customer authentication or KYC process.

Of course, Iranians are not the only fans of this wallet. More than 60 million people around the world use TrustVolt; Because this wallet is very user-oriented and supports various blockchains. Also, its users can securely store and manage more than 9 million digital assets, including digital currencies and NFTs, in 70 different blockchains. In this article from Erzdigital with Teaching how to buy and transfer bitcoins in TrustVault Stay with us.

What is Trust Volt?

TrustVault is a cryptocurrency wallet with a simple user interface that supports many blockchains. In it, you can store and manage not only digital currencies like Bitcoin, but also your NFTs. This wallet has developed a lot since its launch in 2017 and is now not just a simple wallet for storing digital currencies, but can be your gateway to the world of Web 3.

Read more: full review and training of Trust Wallet (Trust Wallet)

Based on its core values ​​of financial freedom, strong security and user-friendly design, TrustVault is building a unified Web 3 hub for everyone. This wallet has various capabilities, including buying digital currencies, exchanging tokens, and staking digital currencies.

Read more: What is digital currency staking? Learning to stake or stake digital currencies

TrustVault is designed in such a way that both beginners and market experts enjoy using it. This non-custodial software wallet gives you complete ownership and control of your digital assets.

TrustVault can be downloaded as a mobile app for iOS and Android. Also, the TrustVault browser extension version is suitable for desktop users.

Trustwallet application download link: trustwallet.com/download

Trustwallet browser extension link: trustwallet.com/browser-extension

What is a non-custodial wallet and why is it important?

In a non-custodial (non-custodial or self-custody) wallet, you as the user have real ownership of your digital assets. Custodial wallets actually take custody of your private keys. For example, most of the wallets of the exchanges from which you buy digital currency are classified as custodial wallets.

A non-custodial wallet gives users full responsibility for protecting their private keys; So these keys are stored somewhere else They do not. This is an important factor, because in this way users will always have full control over their digital assets.

For this reason, non-custodial wallets such as TrustVault are compatible with the Web 3 world; Because the motto of Web 3 is financial freedom, decentralization and complete control over digital assets.

Read more: What is Web 3? The future internet codenamed Web 3.0 (Web 3.0)

Teaching the steps of buying and transferring bitcoins in TrustVault

When using a convenient and versatile wallet like TrustVault, the first thing you need to know is how to buy and transfer Bitcoin (BTC) in it. If you have never had TrustVolt and have not created an account in it, start from the first and second steps below, but if you have TrustVolt, you can skip these parts.

Steps to buy and transfer Bitcoin in TrustVault As follows:

• First step: Download TrustVolt
• Second step: Creating an account in TrustVolt
• Step 3: Find the address of the currency you want to transfer in TrustVault using the receive option
• Fourth step: Deposit the desired amount of the desired currency
• Step 5: Convert to Bitcoin using the Swap feature.

First step: Download TrustVolt

If you do not have the TrustVault application, you can go to the TrustVault download page to download it. Of course, for mobile phones, TrustVault can be downloaded from the App Store for iOS and from Google Play for Android. But to make sure you are downloading a valid version of TrustVault, the safest option is to visit the official TrustVault website.

In addition, you can use TrustVault as an extension for Chrome, Brave, Opera and Edge browsers. Here we explain how to install the TrustVault extension in the Chrome browser as an example.

To install Chrome Trust Wallet extension, go to trustwallet.com/browser-extension link and click on “Download Extension” or “Get Trust Wallet” option.

After downloading, you need to click the “Add to Chrome” option in the Chrome Store to add TrustVault to your Chrome browser.

Second step: Creating a TrustVolt account

After successfully installing TrustVault on your mobile phone or browser, open the app and create a new TrustVault wallet or account. For this, click on “Create a new wallet” option.

In the next step, accept the Terms of Service and TrustVault's Privacy Policy and click “Continue”.

The next step is to create a six-digit password, which will give you an extra layer of security when using the app. After entering and confirming your password, make a backup copy of your wallet.

A backup copy of the recovery statement

To back up your TrustVault account, you'll need to write down a 12-word passphrase that will allow you to restore your wallet. Additionally, you must accept TrustVault's instructions and then click “Continue”.

Then write down the secret phrase of 12 words in order and carefully and click on “Continue”. TrustVault will then ask you to confirm your 12-word recovery phrase to make sure you wrote it down. When finished, click on the “Done” option.

You have now successfully created your TrustVault account. Remember, saving the recovery phrase is very important for high security. Losing this 12-word password means losing access to your account and assets.

How to buy Bitcoin with TrustVault

You need international credit cards to buy bitcoin directly on TrustVault. Of course, TrustVault does not sell digital currencies, but all digital currency purchases will be made through third-party services such as MoonPay.

Due to the lack of access to international credit cards, Iranian users cannot use the option of buying Bitcoin directly in TrustVault; But this problem, like other obstacles, has a solution.

The safest and most convenient option for users is to buy their digital currency such as Tether or Bitcoin in an Iranian exchange and deposit it to TrustVault or exchange it there. For easy and safe access, you can refer to the bitcoin purchase page of Erzdigital website. In the following, we will explain how you can deposit the purchased bitcoins to your trust wallet or swap another currency in it with bitcoins.

Read more: How to buy Bitcoin (BTC) in Iran?

Bitcoin deposit to TrustVault

Now that you want to keep your Bitcoins in your trust wallet, there is an easy way to do it. When you buy Bitcoin from an exchange, depositing it to TrustVault is done in one step. In some exchanges, when you make a purchase, the exchange asks you what your wallet address is and actually deposits it into any wallet you want.

In this case, go to your TrustVolt and you will see the “Receive” option on the main page.

Click on it and select Bitcoin or Tether or any other digital currency you bought. The address that TrustVolt gives you is a long string of letters and numbers Only to receive the currency you selected is used

You give the address to the exchange and within a certain period of time the digital currency you bought will be deposited into your trust wallet.

In some exchanges, the Bitcoin or Tether you buy is first stored in the wallet of the account you have in the exchange. In this case, you can easily select the “withdrawal” option in the exchange panel and repeat the same steps as before. Then your digital currencies will be deposited into Trust Vault.

Bitcoin Swap at TrustVault

Swap is a safe and convenient exchange method in TrustVolt. You can exchange different digital currencies with each other in TrustVault. Swap can also be another way to buy Bitcoin.

Sometimes you first have Tether or another cryptocurrency for whatever reason and want to buy (actually convert it to Bitcoin) Bitcoin with it. In this case, you deposit Tether or other currency to TrustVault just as in the previous step and then convert it to Bitcoin through the swap option.

You will find the swap option at the bottom of the page as the second option. When you click on it, select the currency you want to swap in the upper window. Be careful that if you want to swap Tether, you must go here Tether network Be careful that it is written in smaller sentences. Then choose the amount of currency you want there.

Read more: types of Tether networks for trading; Compare and review different USDT networks

In the bottom window, you also select Bitcoin and then click on the continue option and finalize the exchange. Then you can see your new bitcoin balance. Therefore, the swap option can be a simple way to buy bitcoins.

How to transfer Bitcoin in TrustVault

You can send and receive various digital currencies and NFTs using the TrustVault application. The most important digital asset that you need to know how to transfer in TrustVault is Bitcoin.

To transfer Bitcoin in TrustVault, go to your Main Wallet and click on “Bitcoin”. Then click “Send”.

Now enter the wallet address you want to send bitcoins to and the desired amount, then click “Continue” on the top right corner of your screen. Always make sure you have enough bitcoins in your wallet to cover the transaction fee.

Then confirm and complete the transaction. You can view the transaction in your Bitcoin tab.

Sending and receiving tokens in TrustVault is similar to sending and receiving Bitcoin and other digital currencies. However, for NFTs, you need to select the network through which you want to receive the NFT.

How to keep our security in TrustVault?

Security is at the center of TrustVault's attention and is known worldwide for its proactive approach to security. However, in non-custodial wallets such as TrustVault, a large percentage of security comes down to the actions and care of the users themselves. Therefore, you should pay close attention to the following when buying and transferring bitcoins in TrustVault.

The importance of protecting the recovery phrase

Your Recovery Phrase or Seed Phrase is the master key to your wallet and anyone who has it can access all of your cryptocurrency. Therefore, only you should have this phrase in your hand and keep it somewhere safe. Since TrustVault is a non-custodial wallet, it does not own your wallet's private keys, and if you lose them, you will lose access to your account and digital assets.

Trust TrustVolt's security scanner

To further increase security, TrustVault has a built-in security scanner (Security Scanner) that helps identify potential risks when performing any digital currency transaction in this wallet. As a result, while using TrustVolt, you can safely step into the world of digital currencies and Web 3; Because all transactions in this wallet are characterized by a certain level of risk.

The best way to keep your assets safe

Keeping your property safe starts with you, and you should follow these tips:

• First, make sure you've saved your recovery phrase safely.
• Second, always back up your TrustVault.
• Never share your recovery phrase with anyone.
• Finally, make sure you only use the genuine TrustVault app and avoid interacting with any suspicious or malicious links or phishing emails.

Frequently Asked Questions