How to use Binance DEX with Trust Wallet:
Binance announced that it is now possible to use its decentralized exchange (DEX) with Trust Wallet.
Trust Wallet is the official multi-currency wallet of Binance and aims to be one of the safest in circulation. It supports several cryptocurrencies and can be used in full autonomy because it is an app for iOS or Android that allows users to have full and exclusive control of the addresses’ private keys.
In this way the private keys are stored only locally, protected with different levels of security and no identity verification is necessary: the wallet is absolutely anonymous, and no one has access to personal information stored in it.
Being equipped with Web3 Browser, which allows you to interact with decentralized applications (DApp) directly from the app, Trust Wallet can also be used for the exchange of cryptocurrencies on Binance DEX, for example, in a secure and anonymous way.
In this way, since the control of the tokens is in the exclusive hands of the users, there is no risk that they could be stolen, lost, or compromised due to the use of the decentralized exchange.
Trust Wallet was created to be easy to use and accessible anywhere, so it could be an affordable solution for everyone to store and exchange cryptocurrencies securely and anonymously.
To use it on Binance DEX is used the integration of WalletConnect which also allows you to receive real-time notifications to approve or disapprove transaction requests directly from your mobile device. To start synchronization, simply scan a QR code.
On Binance DEX transactions are almost instantaneous thanks to the Binance Chain, and the custody of funds remains the sole responsibility of the user.
Binance’s founder and CEO, CZ, said:
“With no central custody of funds, Binance DEX offers far more control over your own assets. We hope this brings a new level of freedom to our community. We will work closely with projects and teams to grow the entire ecosystem”.
Trust Wallet founder Viktor Radchenko added:
“One of the essential needs for a working crypto economy is to have the ability to swap or exchange your digital assets. This, and the ability to always stay in control of your own Money. Binance Chain and Binance DEX fulfill both these needs”.