How to Trade USDT TRC20 on Trust Wallet: A Detailed Guide
Trading USDT TRC20 on Trust Wallet can be a seamless experience if you follow the right steps. In this guide, I’ll walk you through the entire process, from setting up your wallet to executing trades. Whether you’re a beginner or an experienced trader, this comprehensive guide will help you navigate the world of USDT TRC20 trading on Trust Wallet.
Setting Up Your Trust Wallet
Before you can start trading USDT TRC20, you need to set up your Trust Wallet. Here’s how to do it:
- Download the Trust Wallet app from the App Store or Google Play Store.
- Open the app and create a new wallet by tapping on the “Create a New Wallet” button.
- Set a strong password for your wallet and write down your 12-word recovery phrase. Keep this phrase safe and secure, as it’s the only way to recover your wallet if you lose access to it.
- Confirm your recovery phrase by entering the words in the correct order.
- Once your wallet is set up, you’ll see a list of supported blockchains. Make sure to enable the TRON blockchain by tapping on the toggle next to it.
Adding USDT TRC20 to Your Trust Wallet
Now that your Trust Wallet is set up, you need to add USDT TRC20 to it. Here’s how to do it:
- Open the Trust Wallet app and tap on the “TRON” tab.
- Tap on the “+” icon to add a new token.
- Enter the contract address for USDT TRC20, which is “TR7NHqjeKQxGTCi8q8ZY4pL8otSzgjLj6tX” (copy and paste this address if you’re unsure).
- Tap on “Add Token” to add USDT TRC20 to your wallet.
- Once the token is added, you’ll see your USDT TRC20 balance in the TRON tab.
Understanding the Trading Interface
Before you start trading, it’s important to understand the trading interface on Trust Wallet. Here’s a quick rundown:
- Balance: This shows your current USDT TRC20 balance.
- Price: This shows the current market price of USDT TRC20.
- 24h High/Low: This shows the highest and lowest prices of USDT TRC20 in the last 24 hours.
- 24h Change: This shows the percentage change in the price of USDT TRC20 over the last 24 hours.
- Buy/Sell: These buttons allow you to buy or sell USDT TRC20.
Buying USDT TRC20
Now that you have USDT TRC20 in your Trust Wallet, you can start buying. Here’s how to do it:
- Tap on the “Buy” button.
- Select the amount of USDT TRC20 you want to buy.
- Choose your payment method. You can use TRX or other supported cryptocurrencies to buy USDT TRC20.
- Review the transaction details and tap on “Confirm” to complete the purchase.
Selling USDT TRC20
When you’re ready to sell USDT TRC20, follow these steps:
- Tap on the “Sell” button.
- Select the amount of USDT TRC20 you want to sell.
- Choose your payment method. You can sell USDT TRC20 for TRX or other supported cryptocurrencies.
- Review the transaction details and tap on “Confirm” to complete the sale.
Monitoring Your Trades
After you’ve made a trade, it’s important to monitor it to ensure everything goes smoothly. Here’s how to do it:
- Go to the “History” tab in the Trust Wallet app.
- Scroll through the list of transactions to find your recent