Wondering how long Trust Wallet transfers take? Learn about typical transfer times, factors affecting speeds, and tips for faster transactions here.
Trust Wallet is a hot wallet for storing and transferring cryptocurrencies owned by Binance. It supports hundreds of assets on 62 different networks, and also provides additional functionality: staking, a built-in browser for dApps, and a cryptocurrency converter.
Technically, Trust Wallet is a hybrid of a hot and non-custodial wallet: on the one hand, the service does not store your seed phrase for access, on the other hand, it provides already registered addresses for various networks.
How Long Does Trust Wallet Transfer Take?
In general, Trust Wallet transfers are known for their speed and efficiency. Most cryptocurrency transactions are processed within minutes, with many completing in under 10 minutes. However, during times of high network congestion, transfer times can be longer, ranging from 30 minutes to several hours.
Benefits of Using Trust Wallet
Trust Wallet has become popular due to a number of advantages that most other services do not have:
- Combining the convenience of a hot wallet with the security of non-custodial solutions – although Trust Wallet offers addresses on various networks, to access them you need a seed phrase, which is stored on the user’s side.
- DeFi Integration – Through Trust Wallet, the user can connect to decentralized exchanges and lending platforms on supported blockchains directly in the mobile app.
- Multi-chain – At the time of writing, Trust Wallet supports 62 different networks, including top blockchains, popular L2 solutions, sidechains, and lesser-known networks like Kin and GoChain.
- Built-in services for buying and exchanging cryptocurrency – the wallet is integrated with several rump-on platforms that support the purchase of cryptocurrency for fiat and has a DEX converter through which you can exchange coins without withdrawing them from the wallet.
Other advantages include a simple and intuitive interface, integration with some Binance services, and the wallet’s reputation – Trust Wallet has never been hacked.
Conclusion
Trust Wallet is a mobile wallet for storing, sending, and managing cryptocurrencies that does not store user data. The wallet supports 62 networks at the time of writing, and is also integrated with services for buying and exchanging cryptocurrencies and DeFi. Beginners will be able to easily buy or exchange cryptocurrencies without directly interacting with crypto exchanges or using third-party exchangers.
To withdraw funds to a bank card, you can use cryptocurrency exchanges or exchange services. Withdrawal of any supported cryptocurrency to an external wallet is available directly from the application.