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How to Earn Bitcoin Using Trust Wallet

Published on: Jul 31, 2023
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In Brief

Earn Bitcoin using Trust Wallet with Web3 protocols like Venus Protocol. Explore the benefits of decentralized protocols and the ease of using Trust Wallet while you explore Web3.

How to Earn Bitcoin Using Trust Wallet

In this guide, we’ll cover how to earn Bitcoin using Trust Wallet. We’ll do this using the Venus Protocol and earning BTCB, which is a pegged version of Bitcoin that’s both on the BNB Chain. Trust Wallet allows you to earn crypto in many ways, including in-app staking or connecting to protocols via the Web3 dApp browser. Additionally, features like the Trust Wallet Security Scanner help to keep your entire Web3 experience safe.

Before you start earning Bitcoin using Trust Wallet

Before we dive into how to earn 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


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: Ensure you have BTCB in your wallet

Note: To earn Bitcoin with Venus Protocol, you need BTCB - a pegged version of BTC that’s on the BNB Smart Chain (BEP20). You’ll also need this to cover any gas fees.


There are a number of ways to get BTCB into your wallet, including the following.

Once you have BTCB in your wallet, you’ll be ready to start earning using the Venus Protocol.

What is the Venus Protocol?

Venus Protocol is a DeFi (decentralized finance) money market platform operating on the BNB Smart Chain. It allows for the lending, borrowing, and minting of synthetic stablecoins (VAI), all collateralized by user-supplied assets. Venus is a fusion of concepts from Compound and MakerDAO, two Ethereum-based protocols, and brings together functions of lending and stablecoin minting within a single system. In this permissionless lending environment, users can earn interest on their collateral, or borrow against it, by participating in the platform's lending and borrowing services.

How to earn BTC using Venus Protocol and Trust Wallet

Step 1: Connect to Venus Protocol





Earning and claiming your rewards – things to keep in mind

The Power of Web3 and Decentralized Protocols

As we come to the end of our guide on earning Bitcoin using Trust Wallet, it's important to recognize the transformative power of Web3 and decentralized protocols. Web3, also known as Web 3.0, is the next generation of the Internet where applications interact with decentralized networks. This is a game-changer for financial transactions and introduces innovative ways to earn more crypto.

Web3 wallets, such as the Trust Wallet, provide users the flexibility and autonomy to connect with various decentralized protocols directly. Whether you're staking with Venus Protocol or any other decentralized protocols, your crypto wallet acts as a gateway to a number of DeFi services and a world of Web3 experiences.

It’s also worth noting that Trust Wallet is easily accessible not only on your mobile device but also on your desktop. It’s conveniently available as a Chrome extension on the Chrome web store, making it effortless to manage your assets while browsing the web. Plus, features like the Trust Wallet Security Scanner help keep your assets and Web3 experience safe and enjoyable.

In a nutshell, using a Web3 wallet to interact with open, decentralized protocols can offer numerous opportunities to earn more crypto, and platforms like Trust Wallet make this process seamless and user-friendly.

As we wrap up, remember that the world of decentralized finance is rapidly evolving, and it's crucial to stay updated with the latest tools and protocols that can increase your crypto holdings. Always remember to do your own research and happy earning!


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Note: Any cited numbers, figures, or illustrations are reported at the time of writing, and are subject to change.

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