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How to buy Trust Wallet (TWT) in Australia

Learn how to buy Trust Wallet (TWT) on 13+ crypto exchanges in our step-by-step guide.

EXCLUSIVE

Digital Surge Cryptocurrency Exchange

Digital Surge Cryptocurrency Exchange logo
  • Trade TWT and 371 other cryptos.
  • Get competitive fees (0.5%) on instant buys
  • Receive $10 BTC on sign-up and verification. T&Cs apply.
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Trust Wallet (TWT) is the 162nd largest cryptocurrency by market cap, valued at US$476,799,554.

Trust Wallet is a highly volatile asset capable of major price swings in a single day. Today TWT is trading for $1.14 USD, which is lower than yesterday's trading price of $1.17 USD. Over the past year, Trust Wallet's price has seen an increase of 56%.

So before you buy Trust Wallet, make sure you understand these unique risks as well as its legal and tax status here in Australia.

If you're ready to get started, read on for step-by-step instructions on how you can use to buy Trust Wallet.

This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.

How to buy Trust Wallet in 5 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy Trust Wallet is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit AUD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy Trust Wallet
    You can now exchange your funds for Trust Wallet. On beginner-friendly exchanges, this is as simple as entering the AUD or TWT amount you want to purchase and clicking "buy".
  5. Secure your Trust Wallet
    Consider transferring your TWT to a personal crypto wallet to protect against some of the risks of keeping it on an exchange, such as hacks, scams or platform bankruptcy.

Where to buy Trust Wallet in Australia

Find an exchange to buy, sell and trade TWT by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

1 - 5 of 14
Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
Finder AwardExclusive
EXCLUSIVE
Coinstash
Bank transfer, Cryptocurrency, Osko, PayID

1

845

Finder exclusive: Get up to $200 BTC when you sign up and trade certain amounts. T&Cs apply.
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Capital at risk

View details
Exclusive
EXCLUSIVE
CoinSpot
Bank transfer, Credit card, Cryptocurrency, Debit card, PayID

1

447

Get $20 in BTC when you make a deposit. T&Cs apply.
Go to site

Capital at risk

View details
Finder AwardExclusive
EXCLUSIVE
Swyftx
Bank transfer, Credit card, Cryptocurrency, Debit card, PayID

3

371

Get $20 in BTC when you verify your account. T&Cs apply.
Go to site

Capital at risk

View details
Exclusive
EXCLUSIVE
Digital Surge Cryptocurrency Exchange
Bank transfer, Cryptocurrency, Osko, PayID

1

372

Receive $10 BTC on sign-up and verification. T&Cs apply.
Go to site

Capital at risk

View details
OFFER
Binance Australia
Credit card, Cryptocurrency, Debit card, P2P

80

381

Earn up to US$100 in rewards by completing welcome tasks within 7 days of signup. T&Cs apply.
Go to site

Capital at risk

View details
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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How we keep this Trust Wallet guide up-to-date

  • TWT price data is regularly updated through data feeds so you always have the latest information.

What is Trust Wallet?

Trust Wallet Token (TWT) is a BEP-20 token on Binance Smart Chain (BSC) and the native cryptocurrency of the Trust Wallet mobile cryptocurrency wallet. TWT holders can use their tokens to access incentives and benefits inside the app, including discounts when buying or selling cryptocurrency, connecting to DeFi and DEX platforms like Kyber and Binance DEX, as well as voting on updates to the ecosystem and participating in other governance. Cryptocurrency exchange giant Binance bought Trust Wallet in 2018. When it was relaunched in October 2020, it was one of the first projects to launch on BSC. According to Cointelegraph, it has amassed over 5 million users, and Trust Wallet says around 10% of customers are accessing DeFi protocols for lending and borrowing cryptos.

How do I find the best places to buy Trust Wallet?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Australia to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy Trust Wallet?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Trust Wallet.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing TWT with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What are the best ways to buy Trust Wallet?

Once you've created an account, you will need to deposit funds to buy TWT with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy TWT:

  • Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
  • Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
  • Cryptocurrency: You can usually purchase TWT by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for TWT on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy Trust Wallet?

The easiest way to buy TWT is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying TWT, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Trust Wallet has been performing recently.

Best Trust Wallet wallets to store your TWT

You can keep your TWT on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your TWT below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Go to site

Supported assets

5,500+

Supported assets

9,000+

Price (USD)

$149

Price (USD)

$179

Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is Trust Wallet a good investment?

Trust Wallet Token has extremely low fees and near-instant confirmations, making it an attractive project, but be aware that it only operates on Binance Smart Chain and this could limit its growth in the longer term.
  • Utility. While some are using TWT token as a speculative investment tool, be aware that it cannot be used outside of the Trust Wallet platform, so this by nature limits its utility.
  • Security. If Binance Smart Chain continues to see the types of hacks on DeFi protocols that use its blockchain that we have seen to date, this could impact the price of the TWT token. In March 2021, CoinDesk reported how, just 1 day after launching, DeFi platform Meerkat Finance was drained of $31 million. And 2 months later, according to CryptoSlate, BurgerSwap was hacked for $7.2 million. Decrypt then reported in June 2021 how Impossible Finance lost $500,000 in a flash loan attack.
  • Ties to Binance. This token will rise and fall with the fortunes of Binance, and while there is no published list of employees, it is understood that people working on Trust Wallet also have roles in similar positions for the parent company. These extremely close ties do benefit Trust Wallet Token to some extent, given the size, scale and popularity of Binance's crypto empire, but be aware that this is a double-edged sword. Binance has come in for heavy criticism recently from market regulators in various countries. The UK's Financial Conduct Authority has officially banned its UK subsidiary, Japan has warned that it is not authorised to operate in the country and US watchdog the CFTC has an open probe into Binance ongoing. If Binance continues to fall foul of regulators, it could face heavy penalties and could even be locked out of markets worldwide. This would likely impact negatively on the TWT price.

Today's Trust Wallet price versus ATH

Compare today's price of Trust Wallet ($1.14 USD) against its all-time-high price of $2.72 USD on 11 December 2022. The closer the bar is to 100%, the closer TWT is to reaching its ATH again.

Trust Wallet's price: $1.14 USD
ATH date: December 11, 2022
41.91%

Trust Wallet ATH: $2.72 USD


How to trade, convert or sell Trust Wallet

You can convert or sell your TWT with the same exchange you bought it through:
  1. Sign in to the exchange you have TWT on.
  2. If you store your Trust Wallet in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of TWT you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Trust Wallet.
  6. Complete your transaction and move your TWT to a crypto wallet for storage.

How to buy other cryptos


Disclaimer: Cryptocurrencies, including Trust Wallet, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of TWT is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Trust Wallet or any other cryptocurrency discussed.

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