Binance CEO vouches for its official decentralized TrustWallet
Changpeng Zhao, CEO of Binance, has a question for the cypto world: “Want to store your crypto off exchange?” And, if you are unsure of the answer, Zhao has it for you. And, the answer is Trust Wallet, “Binance’s official decentralized, on-chain wallet, where you control your own crypto.”
The CEO came out supporting the wallet and stated on Twitter:
Want to store your crypto off exchange? And not sure which wallet is best? @TrustWalletApp, Binance’s official decentralized, on-chain wallet, where you control your own crypto. https://t.co/Ku5IEUMQUV
— CZ Binance (@cz_binance) September 10, 2018
Binance and its association with the Trust Wallet
A little more than a month ago, the leading cryptocurrency exchange sealed its very first acquisition – that of Trust Wallet – with the aim of offering customers more control over their digital coins.
Binance stated that the Trust Wallet is a crypto-wallet provider and decentralized-application browser that doesn’t store a lot of user data without revealing the terms of the deal. Trust Wallet allows customers to store more than 20,000 different Ethereum-based tokens.
Zhao stated in a recent interview with Bloomberg: “The users control 100 percent of their funds. Now we have both a decentralized and centralized solution for custody.”
Thrilled to announce that @TrustWalletApp is becoming a part of @binance!
Our focus and goal will remain the same – building a great product for our users.https://t.co/Z3ghz3n0tW pic.twitter.com/jYMHOG3iX0
— Trust – Ethereum Wallet (@TrustWalletApp) July 31, 2018
Trusting the Trust Wallet of Binance?
While voicing his support for Trust Wallet, Zhao posted a short video to help users understand the utility of the wallet. According to the video, Trust Wallet offers a simple mobile application for managing tokens and coins, and allows users to be in control of their private keys at the same time. Trust Wallet is a “robust way” of accessing the cryptocurrencies.
Trust has a vast majority of tokens from the market. The Trust universal wallet or multi-coin wallet is a backup for all wallets, which simplifies wallet management and works great with decentralized exchanges.
It also has a built-in browser that allows users to explore apps of the decentralized internet “seamlessley” and “safely”.
Image via Shutterstock
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