How to Buy Bitcoin Using Trust Wallet
If you’re wondering how to buy Bitcoin and where to buy Bitcoin, you’ve come to the right place. In this guide we’ll show you how to buy Bitcoin using Trust Wallet, a secure self-custody crypto wallet used by millions of people.
Trust Wallet is the simple-to-use, self-custody crypto wallet and gateway to Web3 for people who want to fully own, control, and leverage the power of their digital assets. From beginners to experienced users, Trust Wallet makes it simpler, safer, and convenient for millions of people around the world to experience Web3, store and manage their crypto and NFTs, buy, sell, and stake crypto to earn rewards, and access dApps securely—all in one place. Trust Wallet is available as a mobile also as the Trust Wallet Chrome Extension.
What is Bitcoin (BTC)?
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent between people on the peer-to-peer bitcoin network without the need for intermediaries. It was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. The currency began use in 2009 when its implementation was released as open-source software.
Bitcoin transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin can be exchanged for other currencies, products, and services, and one of the key characteristics of Bitcoin is its limited supply. There will only ever be 21 million bitcoins. This scarcity has contributed to Bitcoin’s value and its perception as “digital gold and it’s often seen as a store of value, like gold. That said, it’s important to always do your own research (DYOR) when it comes to Bitcoin or any other crypto asset.
Before we dive into how to buy Bitcoin using Trust Wallet, you’ll need to create a wallet if you don’t already have one. Trust Wallet is available as a mobile app or you can get the Trust Wallet Extension for your desktop web browser. In this example, we’ll set up a new wallet using the Trust Wallet Mobile App.
Step 1: Download the latest version of the Trust Wallet App.
Step 2: Set up your new wallet
- Open the Trust Wallet app, and choose “Create a new wallet.”
- Select an option to back up your wallet.
- Once your wallet is set up, tap on “Start using Trust Wallet.”
Tip: If you already have a wallet that’s not Trust Wallet, you can choose to import that wallet. In this case, you’d choose the “I already have a wallet” option.
Step 3: Buy Bitcoin using your Trust Wallet
- Select the “Buy” button from the main wallet page.
- Select Bitcoin (if you don’t see it, you can use the search function).
- Select the amount you want to buy, then select the next “Next” button.
From there, it’s just a matter of following the simple instructions to buy the Bitcoin (BTC). Once the purchase goes through, the Bitcoin will automatically be stored in your Trust Wallet.
Frequently asked questions
When I buy the Bitcoin (BTC) via Trust Wallet, where is the Bitcoin stored?
When you buy Bitcoin directly from with your Trust Wallet, the BTC is stored directly in your wallet. There’s no need to transfer your Bitcoin from one address to another or do anything else – the coins will be stored safely and automatically.
How do I check my Bitcoin balance in Trust Wallet?
To check your BTC balance in the Trust Wallet app, simply open the app and view your current balance from the main wallet page.
How do I check the Bitcoin price in Trust Wallet?
To check the BTC price in the Trust Wallet app, simply open the app and view the price from the main wallet page. Alternatively, you can also select the BTC asset and tap on the chart symbol to view more detailed information on the Bitcoin price.