Why is Dogecoin going down (856-900-3239) Helpline Number
To start things off, one thing you need to keep in mind is the security of your wallet. The value of your cryptocurrencies is not of that much use if you can’t hold onto the ones you buy. The moment that someone gains access to your private keys, is the moment you’ve lost all your crypto assets. Let’s take a look at the security features that Trust Wallet brings to keep what is yours, yours.
What you do have is the private keys to gain access to them. Your private keys are only stored locally on your own devices rather than on a server. This means that your private keys are yours and yours alone. They are never stored on the Trust Wallet servers and cannot be accessed from there.
Trust Wallet employs industry-standard security measures on its application to ensure the security of your funds. This does include features such as passcodes, auto-locking, and recovery phrases. They also implement a 12-word recovery phrase so that you can recoup and migrate your wallet even if you’ve lost your phone.
Although software wallets are never as secure as hardware wallets, the Trust Wallet team does all they can to make sure that your private keys are as secure as they can be. How do they achieve this?
Firstly by not gaining access to your funds. As you may already know, your cryptocurrencies are not held by you but are on the blockchain itself.