Trustee wallet is an anonymous cryptocurrency wallet app that offers the whole spectrum of exchanging, buying, selling, and staking the most popular digital assets on the market. Since the doors opened in 2018, the team behind this project has worked hard to implement user-friendly features for crypto investors all over the world, including a fiat on-ramp system that lets you buy your favorite coins with popular payment methods such as Visa, Mastercard, and Bank Transfers. In this review, we take a deeper look at how they have succeeded in assembling a strong userbase and we also take a look under the hood to learn exactly what makes the app tick.
0% commissions on crypto swaps
No need to send in KYC documents
Buy altcoins with Bank Cards or Bank Transfers
Non-regulated cryptocurrency business
The platform does not support live chat
There is no charting interface in the mobile app
Why Trustee Wallet
In this section of our Trustee Wallet review we highlight 6 special features that deserves extra attention.
About Trustee Wallet
Trustee Wallet is an anonymous multi-cryptocurrency wallet app that offers a wide range of coins for swapping and buying with fiat currencies through various payment methods such as Visa, Mastercard, Bank Transfer, and more. The company behind this successful project is called BLOCKSOFTLAB INC and has the main office located at 300 Delaware Avenue, Suite 210-A, Wilmington, DE 19801 in New Castle County, United States.
The first impression of both the website and the actual app is a feeling of professionalism and an excellent touch for detail when it comes to usability and features for beginner investors. The menu is well distributed and all the pages are readily available which will save you time and effort while searching for new coins or simply locating your portfolio.
The anonymous part of the wallet app derives from not having a KYC system, something that many crypto enthusiasts look for when searching for a new altcoins wallet to use for their portfolios. There is also no need to sign up for an account or enter your email address, simply download the app and you’ll be up and running in a matter of minutes.
Why we like Trustee Wallet
Nowadays we want things to be smooth and elegant, something that the team behind Trustee Wallet has executed properly, and the design of the app has been well throughout to help new users navigate with ease. The app serves all the purposes you might think of when it comes to a cryptocurrency wallet, all the way from storing your coins to swapping against other new projects that are released on the market.
The option to buy cryptocurrencies with a credit card or a bank transfer makes Trustee Wallet a more interesting pick among other competitors that simply offer a way of storing your coins without the fiat on-ramp. Finally, I would like to give a shout-out to the team for incorporating all the various fiat national currencies that are supported in the app, this makes the app globally available to nearly all corners of the world.
Trustee Wallet Supported Cryptocurrencies
The wallet app supports all the legacy coins such as Bitcoin, Ethereum, and Litecoin, among many other newer cryptocurrencies such as Alpha, Badger, 1inch, Coti, and SAI. A long list of coins and tokens can be located in the Swap tab in the app where you select the coin that you want to exchange. Remember that you can swap several altcoins against national currencies such as UAH, USD, EUR, KZT, and GBP as well.
Why use Trustee Wallet
The main purpose of the wallet app is to store, trade, buy, sell, and stake cryptocurrencies. If you don’t own crypto at the moment you can easily deposit your local national currency and buy digital assets through the app. Once you have made a deposit and bought your selected coins you can keep them stored safely on the app on your smartphone.
Staking is also an option on Trustee Wallet and the best coins to stake at this moment are TRON and SOL which both offer an annual yield of 5% or more. The staking program is a great way to earn passive income with cryptocurrencies through your mobile phone and the staking yield assures you a fixed income each year which is something that very few banks can offer.
How to use Trustee Wallet
After downloading the wallet app through the website you are free to explore all the features it has to offer. When it comes to buying altcoins, follow these instructions:
- In the main menu, click Swap.
- Choose your national currency in the “You give” section.
- Now, select the coin you want to buy in the “You get” section.
- Choose the payment method.
- Insert the amount of crypto you want to buy, eg. $500.
- Search for the best offer and go through with the purchase.
When it comes to swapping between cryptocurrencies the procedure is much the same but instead of choosing a fiat currency in the “You give” section, you add a cryptocurrency that you want to trade and then follow the instructions given in the app.
Trustee Wallet category rating
Things to improve on
The only thing I would like to see incorporated into the Trustee Wallet website and app is a live chat function, however, there is a Telegram group that substitutes the live chat for all users. This will help out with difficult issues that new traders and investors face while browsing the interface. Set aside this minor pitfall, I highly recommend our readers to try Trustee Wallet when searching for a new crypto wallet app!
Trustee Wallet Trading Fees
About the special features of the Trustee Wallet
There are some features that I think deserve an extra minute in the spotlight and I have listed these features below. These are features that stick out and make this wallet app special when compared to other similar projects that we have reviewed on Trading Browser. One strong selling point of the Trustee Wallet is the simplicity they offer and there is no extra fluff that blocks your view of what is really important, crypto trading and investing.
Most businesses today will ask you to send in your KYC documents in order to file you as a customer but with Trustee Wallet, you don’t need to prepare your driver’s license or your passport. The reason for this is that most of the transactions on the app happen over the blockchain where you don’t need to identify yourself. So, if you are looking for an anonymous bitcoin wallet app, then you have landed on the right review page.
Ok, this is a big one and something that I don’t want you to miss out on when choosing your next wallet app. Trustee Wallet charges 0% commission on the in-house exchange, which means, all the crypto swaps you make on the platform are free of charge. However, should you make a purchase with your bank card or such, there will be an added fee.
Crypto transactions go both ways, from fiat-to-crypto, and from crypto-to-fiat. Through the app, you can sell your cryptocurrencies and take profit during great bull runs like the one we see most recently when Bitcoin climbed up to $60,000. Simply enter your card details and ask for a withdrawal to the card and that’s it!
Trustee Wallet Staking
The staking offered through the app is done in TRON and SOL where you will get an APY of 5% and 7% depending on the asset you choose to stake. You can see your daily earnings, monthly earnings, and your annual earnings in the staking calculator on the website. If you have savings that are not collecting interest, then this is a great way to start compounding your investments in crypto.
You can update your portfolio status at different intervals from every minute to every 10 minutes. This means that your portfolio balance will update more frequently or less frequently depending on how you like it. It might be good to add a faster updating interval during more volatile periods to see exactly how you are doing in terms of gains.
Trust Wallet is an open-source community-driven crypto wallet that enables blockchain developers to build their wallets and DApps natively without doing the implementations on a low level. The team behind Trustee Wallet has taken the step to work together with their community to improve products together, good job!
Our own experience with Trustee Wallet
Trustee Wallet Funding Methods
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Trustee Wallet Withdrawal Fee
Is Trustee Wallet safe to use?
The app itself is very safe to use considering that it is run mostly on the blockchain which is one of the most secure technologies with have to date.
The app offers several security layers that users can easily enable through the main menu, these features are PIN-code, FaceID/TouchID, and transaction confirmation.
Is Trustee Wallet a regulated business?
No, the company behind the project is not regulated by any government body.
Frequently asked questions
Read what other investors ask about Trustee Wallet. Find answers without searching the web.
The company in charge of the operation is called BLOCKSOFTLAB INC.
The address for their main office is 300 Delaware Avenue, Suite 210-A, Wilmington, DE 19801 in New Castle County, United States.
At the moment, Trustee Wallet supports the purchase of USDT, TRX, XRP, LTC, ETH, BNB, and BTC with VISA and Mastercard.
In the dashboard, follow these steps: 1. Click the Sell tab 2. Click the direction of the sale 3. Select the amount you wish to withdraw 4. Add your Visa/Mastercard details 5. Click Sell!
From the Swap menu follow these steps: 1. Select the coin you wish to deposit. 2. Add your card details. 3. Insert the amount you wish to deposit, eg. $500. 4. Search the best offer and follow the instructions.
Yes, in the main menu of the app you will find a tab called Swap. Click this item and follow the instructions given and you will be able to buy bitcoin with your local currency.
The swapping fee through the app is 0.20%.
Since the wallet is handled on your smartphone it's a superior choice to many other desktop wallets that require you to log on to your computer or laptop in order to make transactions. With Trustee you can do everything from your mobile phone.
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