Installing and configuring the Trust wallet
- Mike Tango Bravo
This tutorial explains how to install and configure the Trust wallet app. The examples shown here are for iOS (iPhone) and the images will vary slightly from the Android version.
When you create a wallet to store your cryptoassets, it is as if you are opening a new bank!
And you are the only person with the keys to the vault at the bank.
Step 1:
From your smartphone, download and install the Trust app:
Step 2:
Create your wallet:
When you first install your Trust wallet, you need to create a new wallet.
Step 3:
Backup your wallet.
Immediately after creating a new wallet you are instructed to Backup your wallet.
Step 4.
Your recovery phrase:
Your wallet backup is a twelve-word mnemonic phrase. It is VERY IMPORTANT that you write down this phrase, and store it in a secure place.
We recommend that you write down this phrase on a piece of paper, and store this paper in a safe or other secure location. If you are going to store this phrase on a computer, you should use software like Apple Keychain Secure Note, or 1password.com or similar secure services. (and remember to backup your computer).
DO NOT store your recovery phrase on your phone. If you store your recovery phrase on your phone...and you lose your phone, you will lose the ability to recover your wallet and you will lose all your cryptoassets.
And you should never e-mail or text your recovery phrase to anyone...even to yourself...as this will create a copy of the phrase that could be hacked.
And do not take a screenshot of the recovery phrase...
Step 5.
Validate your recovery phrase:
You are instructed to tap, in the correct order, the words in your twelve-word mnemonic phrase. This is to insure that you know the correct words and word order.
Congratulations! You have created a new wallet. You can create multiple wallets, each with their own recovery phrase, on the Trust app.
This is the main screen of your new wallet. Initially, this wallet is prepared to receive multiple currencies, like Bitcoin, Ethereum, and Binance.
Step 6.
Find your Ether token address:
If you select the Ethereum button on the main wallet screen, you can see you ether balance and transactions.
Click on the "Receive" button to see your ether address. The QR code is a visual representation of the address (in this example 0x1A64....)
Step 7.
Receive some tokens!
You can share the ether address we found in the previous step with a friend who wants to send you MTB* tokens.
You can also use this address to receive the ether that you have bought on a crypto exchange.
Here we can see that this wallet has MTB18, MTB19, and MTB20 tokens, and 0 ether (ETH), Bitcoin (BTC), and Binance (BNB).
Step 8.
Buy and sell your MTB* tokens on Viniswap!
The Trust app is a wallet, but it also has a web3 compatible browser.
This allows you to connect your wallet to dApps (decentralized apps) online.
Write OpenVino.exchange in the search bar, and this will take you to Viniswap:
Step 8.
Select the MTB* vintage token:
From the Viniswap main page (https://openvino.exchange) you can select the different vintage tokens MTB18, MTB19, and MTB20.
Viniswap allows you to buy and sell MTB18 and MTB19 tokens, using the Uniswap decentralized exchange, and purchase MTB20 tokens from the ICO crowdsale smart-contract.
Step 9.
Fill out the token purchase form.
When you select "Buy" in Viniswap, you are presented with a google form to share some of your information with us. We ask for your information for two reasons:
We want to have your email address so that we can send you news about OpenVino.
For ICO token sales, we want to send you and invoice confirming your purchase.
This not a mandatory step. After completing the form, you can simply return back to the Viniswap page to complete the purchase.
Step 10.
Purchase the MTB* tokens.
At the bottom of the form, you will see the amount of ether (ETH) that you need in your wallet to complete the purchase.
In this example, the buyer is attempting to purchase 6 MTB18 tokens (6 bottles of wine). The price is 0.1032 ETH (equivalent to $19.47). This wallet does not have enough ETH to complete the purchase ("Not Enough of Selected Token") Adding some ETH to this wallet would faclilitate the purchase.
If the wallet contains sufficient ETH to complete the purchase, a pop-up asks the user to confirm the transaction, and complete the purchase: