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How to Buy Ethereum Using Trust Wallet: A Visual Guide
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In Brief
Learn how to buy Ethereum (ETH) using Trust Wallet with our step-by-step visual guide. Also discover how Ethereum works, the role of the ETH token, and how to sell ETH for fiat currency.
If you're curious about how to buy crypto assets like Ethereum (ETH) in a straightforward manner, you've landed on the right page. In this guide, we'll walk you through purchasing Ethereum using Trust Wallet, a highly secure, self-custody crypto wallet and Web3 gateway trusted by millions.
What is Trust Wallet?
Trusted by over 70 million users worldwide, Trust Wallet is more than just a simple-to-use crypto wallet—it's your open gateway to the Web3 world. Built on our core values of financial freedom, strong security, and user-friendly design, we're on a mission to build a seamless Web3 hub and open ecosystem for everyone. Buy crypto, swap tokens, stake to earn rewards, and so much more. Whether you're a beginner or an expert, Trust Wallet empowers you to fully own, control, and leverage your digital assets.
With key features like the Trust Wallet Security Scanner and support for 10+ million digital assets across 100+ blockchains, you can explore and access opportunities in Web3 with confidence. Trust Wallet is available as a mobile app on Apple iOS and Android, and also as the Trust Wallet Chrome Extension for desktops.
What is Ethereum?
Ethereum is an open-source, blockchain-based platform that allows developers to build and deploy decentralized applications (dApps). Unlike Bitcoin, which is primarily a cryptocurrency, Ethereum facilitates decentralized applications through its unique feature of smart contracts. These are self-executing contracts where the terms are directly written into code, eliminating the need for intermediaries and reducing risks of fraud. Ethereum's native cryptocurrency, Ether (ETH), is crucial for executing smart contracts and paying for transaction fees within the network.
The Ethereum network utilizes a consensus mechanism known as Proof of Stake (PoS), where validators are chosen to create new blocks based on the amount of cryptocurrency they hold and are willing to "stake" or lock up in a deposit. This mechanism is seen as a more scalable and less energy-intensive alternative to the traditional Proof of Work (PoW) used by networks like Bitcoin. In this upgraded version, Ethereum 2.0, the network aims to process transactions more quickly and allow for larger volumes of throughput.
Staking is a key element in the PoS mechanism, promoting network security and decentralization. By staking ETH, individuals can become validators, contributing to the network's decision-making and earning rewards for validating transactions. This incentivized participation ensures that the network remains robust and trustworthy, as validators are financially committed to acting in the network's best interest. Understanding staking is crucial for grasping Ethereum's attempt to balance scalability, security, and sustainability, while providing avenues for community involvement and reward.
Learn more about Ethereum:
Before You Get Started
Before we delve into the steps for buying Ethereum via Trust Wallet, you'll first need to set up a wallet if you haven't already. Trust Wallet can be downloaded as a mobile app, or you can install the Trust Wallet Extension for your desktop browser. For this guide, we'll focus on creating a new wallet using the Trust Wallet mobile app.
Step 1: Get the most updated version of Trust Wallet
Below you’ll see the steps to create a new wallet, but you could just as easily import an existing Web3 wallet to Trust Wallet, if that’s your preference.
To create a new wallet:
Download, install and then open Trust Wallet
Choose “Create a new wallet”.
Choose your backup option, or you can optionally postpone the backup process by choosing “Skip”.
Start using Trust Wallet.
Step 2: Buy crypto using your Trust Wallet
Select the “Buy” button, from the wallet’s Home screen.
Choose Ethereum (ETH), and enter the amount you wish to purchase.
Select the third party provider & payment method you’d like to use.
Select “Buy ETH”, and then follow the steps to complete the purchase.
Frequently Asked Questions
What are the fees to buy Ethereum (ETH) using Trust Wallet?
Fees are dynamically determined in real-time by our affiliated fiat gateway partners. We've teamed up with a variety of third-party payment services to offer you a diverse array of convenient choices. Please be aware that the fee schedule may differ depending on the payment method selected and your geographical location.
What payment methods are accepted?
Trust Wallet accommodates multiple payment options, such as credit/debit cards and bank transfers, to name a few. The specific methods available to you are subject to your location and the payment provider you opt for.
What currencies can I use to purchase Ethereum (ETH)?
Our global partners support over 100 local fiat currencies. This enables a broad range of users to purchase crypto in their native currency.
In addition to buying, can I also sell Ethereum (ETH) using Trust Wallet?
Absolutely, you can convert your Ethereum to fiat currency using Trust Wallet. Our integrated third-party partners offer services that allow you to sell your crypto for cash. Here’s how to sell your Ethereum using Trust Wallet.
Choose Ethereum (ETH) from your wallet’s home screen.
Choose the “More” option, then choose “Sell”.
Enter the amount you want to sell.
Select the third-party provider, and then complete the remaining steps to sell your Ethereum (ETH).
When I buy Ethereum (ETH) using Trust Wallet, where is it stored?
When you buy ETH using your Trust Wallet, it’s stored directly in your wallet. There’s no need to transfer your ETH from one address to another or do anything else – the crypto will be stored safely and automatically.
How do I check my Ethereum (ETH) balance in Trust Wallet?
To check your ETH 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 Ethereum (ETH) price in Trust Wallet?
To check the ETH price in the Trust Wallet app, simply open it and view the price from the main wallet page. Alternatively, you can also select the ETH asset and tap on the chart symbol to view more detailed information on the ETH price.
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Note: Any cited numbers, figures, or illustrations are reported at the time of writing, and are subject to change.