In this comprehensive step-by-step guide, I will walk you through the top 7 best opportunities to make money using the Trust wallet. In addition, I will demonstrate to you the 10 best ways by which you can turn these opportunities into real money.
But before then, let’s just have a quick overview of what Trust Wallet is all about.
Also see How to sell your crypto on Trust wallet.
So, what is Trust Wallet?
Trust Wallet is a popular multi-chain self-custody cryptocurrency wallet that not only provides a secure gateway to the crypto landscape but also grants you complete control over your crypto assets.
While I am going to walk you through the 10 richest ways to make money through this popular non-custodial wallet, first, let me highlight the top 7 money-making opportunities that Trust Wallet avails to you right now.
Top 7 wealthiest opportunities to make money using Trust Wallet
Trust Wallet provides a unique window of opportunity for you to access wealth across the crypto landscape. These immense money-making opportunities falls into the following broad categories:
- Profit earnings – from trading in various digital assets.
- Interest earnings – from yield farming, staking, lending, and renting out your digital assets.
- Capital gains – from investing in various digital assets. Earnings are based on asset appreciation and dividend payouts.
- Royalty earnings – from secondary markets (especially NFTs).
- Minting gains – from minting accepted digital assets. Currently, Trust Wallets allow you to mint non-fungible tokens (NFTs).
- Mining rewards – from participating in liquidity pools.
- Swapping rewards – from swapping selected pairs of crypto assets.
With these immense opportunities in mind, we can now explore some of the best ways you can use the Trust Wallet app to harvest money from them.
The Top 10 richest ways to make money using Trust Wallet
Now that we have the top 7 wealthiest opportunities to make money using Trust Wallet, the next question is; How?
Here are the top 10 richest ways you can make money using Trust Wallet:
1. Trading in digital assets for profit
If you are a business-savvy person, the Trust Wallet app provides you with a great opportunity to trade in various digital assets for profit.
Cryptocurrency trading
Trading in cryptocurrencies is just like Forex trading. This is a technical subject that I cannot afford time and space to put here.
Nonetheless, at the basic level, cryptocurrency trading involves buying and selling crypto assets for profit.
Trust Wallet has built-in crypto exchange where you can buy and sell various cryptos for profit. It is much more advanced than the one provided by most DeFi dApps.
NFT flipping
Flipping non-fungible tokens (NFTs) simply means buying and Selling NFTs at a profit. In essence, you buy NFT collection at a lower price and sell it at a higher price.
The best Trust Wallet dApps for flipping NFTs are:
- OpenSea
- Axie Infinity
- Rarible
- Solanart
Others are Blur, Looks Rare, Foundation, and Mintable, among others.
2. Yield farming and liquidity provision earning yield
So, what is yield farming? Yield farming refers to the act of providing liquidity to a decentralized exchange (DEX). In return, you receive a share of the transaction fee charged plus farming rewards.
Through Trust Wallet dApp, you can access liquidity pool platforms such as Venus Protocol, Curve, PancakeSwap, SushiSwap, and Uniswap.
To earn, you will now provide a liquidity pair to the liquidity pool. For example, you can provide BTC/DAI pair or any other pair that you choose depending on the requirements of the liquidity pool.
The best Trust Wallet dApps for yield farming are:
- Curve
- UniSwap
- SushiSwap
- Pancake
- 1inch Network
3. Staking digital assets for interest earnings
Staking works in a way like the traditional Fixed Deposit account. It involves locking your digital assets for a certain specific period. In return, you earn rewards just like a Fixed Deposit earns interest.
Apart from Trust Wallet itself, the best Trust Wallet dApps for staking cryptos are:
- InsurAce
- ReHold
- ApeX
- Plasma.Finance
Others are Amor.Fi, Qubit Finance, Blizzard.Money, Beefy Finance, MelegaSwap, and Kava Labs, etc.
4. Swapping for rewards
You can earn rewards by swapping selected coins on the Trust Wallet app. SushiSwap is one such platform that lets you earn rewards for swapping selected currency pairs.
The best Trust Wallet dApps to swap coins include:
- SushiSwap
- Uniswap
- Pancake
- Curve
- 1inch Network
6. Investing digital assets for capital gains
This is like trading in crypto except that you are not in the habit of buying and selling for profit. Instead, you buy a digital asset with the aim of holding it long-term so that you gain from its appreciation in value.
In addition to appreciation in value, some crypto tokens provide dividends and bonuses just like the dividends and bonuses you earn from holding equity shares.
The best Trust Wallet dApps for investing for capital gains are:
- Yearn Finance
- Venus Protocol
- Aave
7. Hodling your crypto assets
Just like keeping your money in certain types of savings account and certain types of debit/credit cards earns you interest plus other rewards, holding your crypto in Trust wallet earns you some rewards, including airdrops. This act of holding crypto tokens is known as Hodling.
For Holding crypto, just store your crypto assets on Trust Wallet and sell them when they have made significant appreciation in value. However, there are better ways to earn more money than just Hodling. These include staking, crypto lending, etc.
8. Taking part in Launchpads
Through Trust Wallet dApp browser you can access Launchpad platforms such as DAO Maker, Polkastarter, and TrustSwap.
These Launchpads provide an opportunity to participate in new launches of DeFi tokens known as Initial DEX Offerings (IDOs). Apart from earning rewards in the form of airdrops, you can also Hodl, trade and invest in these IDOs.
The best Trust Wallet dApps for Launchpads are:
- DAO Maker
- Polkastarter
- TrustSwap
- DuckDAO
- BSCPad
9. Liquidity mining
Providing liquidity to liquidity pools is known as liquidity mining. Trust Wallet dApp browser allows you to access platforms such as Yearn Finance and Balancer. These platforms have liquidity pools that you can participate in.
The best Trust Wallet dApps for liquidity mining are:
- Yearn Finance
- Balancer
- Curve Finance
- Aave
Others include SushiSwap, Pancake, Uniswap.
10. Minting NFTs
Conceptually, minting non-fungible tokens (NFTs) is like cryptocurrency mining except that NFTs are about digital art. Just as you can earn rewards for mining cryptocurrencies, you can earn rewards for minting NFTs. However, minting NFTs is less complex and cheaper than mining cryptocurrencies.
The best Trust Wallet dApps for minting NFTs are:
- OpenSea
- Axie Infinity
- Rarible
- Solanart
How to set up Trust Wallet to make money
This installation process is for crypto enthusiasts who have never used Trust Wallet App before but have just been inspired by the great money-making opportunities provided by it.
Step 1: Get the Trust Wallet ready
In case you are not a crypto techie, you may be wondering – how do I install this wallet? Well, here are the steps:
(a) Install the Trust Wallet app
If you’ve never used Trust Wallet before, here are the instructions to install it:
- Go to Google Play (for Android devices) or App Store (for iOS devices)
- Search for “Trust Wallet”
- Download the Trust Wallet mobile app to your mobile device
- Press the ‘Install’ button to proceed with installation
After successfully installing the Trust Wallet App, the next step is to create a new wallet. If you already have an existing wallet, you can import it into the Trust Wallet App.
(b) Create a new Trust Wallet
If you don’t have a wallet already, take the following steps to create a new one:
On your Trust Wallet app:
- Choose ‘Create a New Wallet’.
- Provide the required personal information such as name, contact details and others.
- Read and confirm your agreement with Trust Wallet’s terms and conditions of service.
- Receive and write down the 12-word Recovery phrase.
- Confirm the Recovery phrase. To this, enter the Recovery phrase in the correct order in the provided space.
Now, your new wallet is ready for use.
(c) Import an existing wallet into the Trust Wallet app
In case you have an existing wallet, you don’t need to create a new one. Trust Wallet app allows you to import a Web3 wallet such as MetaMask, Atomic Wallet, Coinbase Wallet, Exodus OKX, Phantom Bitkeep, 1inch, etc.
To import:
- Go to your existing wallet and copy the Secret phrase.
- On the Trust Wallet app, select ‘Add existing wallet’.
- In case you want to manage all your digital assets in one wallet, choose ‘Multi-Coin’ wallet.
- When prompted, enter the Secret phrase you copied from your original wallet. into the space provided. Make sure that the words are in correct order.
- Select ‘Restore Wallet’.
- Wait for the importation to complete.
After successful import, you can now use your Trust Wallet.
Step 2: Load your Trust Wallet
You can load your Trust Wallet by either buying new crypto tokens or receiving existing crypto tokens from other sources. Whichever the case, lets explore these two options:
Buy crypto tokens
On your Trust Wallet account;
- Tap on the ‘Buy’ button.
- Choose the cryptocurrency that you want to buy
- Select your preferred payment method
- Follow on-screen instructions to complete the purchase.
Receive crypto tokens
On your Trust Wallet account;
- Open Trust Wallet app
- On your Trust Wallet account, go to the Wallet tab
- Choose the digital asset that you want to receive
- Tap on the ‘Receive’ button
- Copy/Scan the unique wallet address given to you
- Share this This Trust Wallet address with the sender of your digital asset
- Wait to receive your digital asset from the sender
- Now that you have loaded your Trust Wallet, you can now proceed to make money using the discussed methods to harvest the highlighted money-making opportunities. To do this, you need to access the Trust Wallet dApp
Step 3: Access the Trust Wallet dApp browser to start making money
The dApps are the opportunity vehicles that you need to ride on to make money. The Trust Wallet dApp is the unique window of opportunities that enables you to access these wealth-creating dApps.
To access the dApp;
- Tap on the ‘DApps’ or ‘Browser’ button – depending on your device.
- Search or browse for the dApp that you want. This depends on your chosen method and desired opportunities.
- Follow the on-screen instructions provided by the specific dApp that you’ve chosen. [Note that every dApp has a unique procedure for making money on it. Thus, I cannot be able to list all the instructions for the dozens of dApps available on Trust Wallet.]
- Make money!
Why Trust Wallet?
This feature-rich self-custody wallet not only has plenty of features that enable users to easily manage their digital assets but also boasts a wide collection of investable and tradeable digital assets. In addition, it provides multiple avenues by which crypto enthusiasts, investors, and traders can access great money-making opportunities.
The advanced built-in security features plus other environmental security measures designed to prevent unauthorized access provide a high level of security protection to your private keys. These make Trust Wallet a very secure self-custody crypto wallet. In addition, Trust Wallet has a built-in security scanner that takes a proactive approach to ward off potential risks.
A notable feature is the Trust Wallet browser extension user interface that grants you access to a wide variety of dApps plus other helpful integrations with third-party platforms. Among the other unique features is the network auto-detect feature that automatically detects an eligible chain.
Support for different cryptocurrencies across diverse blockchain networks is the hallmark of this popular multi-chain self-custody cryptocurrency wallet. All these make this wallet the go-to Bitcoin wallet for both Bitcoin and Bitcoin Cash custody. It also supports Binance Coin via Binance Smart Chain and the Ethereum blockchain network.
The support for fiat currency payment methods such as bank account transfers via credit card and debit card means that you can easily cash out your money.
Furthermore, many Trust Wallet reviews allude to excellent customer support via the professional support team.