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No Native Tokens Needed: The Hidden Cost of Trust Wallet’s Swaps

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  • In November, self-custody crypto wallet Trust Wallet rolled out a gas sponsorship feature.
  • Users can swap tokens on Ethereum, BNB Chain, and Solana without paying gas tokens.
  • Trust Wallet covers gas fees, but users still face trade costs like slippage or rates.

Two months ago, Trust Wallet, one of the most widely used self-custody wallets in crypto, rolled out a gas sponsorship feature. It lets people trade tokens on a network without needing to own that network’s fuel currency first. For example, you can swap tokens without any ETH in your wallet, which is meant to make it much easier for anyone to start using decentralized apps and services.

Normally, to do anything on a blockchain (like swap tokens), you need to pay a small fee using that specific network’s own cryptocurrency. This fee, called “gas,” goes to the computers that process and secure your transac…

Read The Full Article No Native Tokens Needed: The Hidden Cost of Trust Wallet’s Swaps On Coin Edition.

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