Quote from: Ron28 on Today at 06:10:40 PM

Hi All,

So I started investing in Bitcoin maybe a year ago now and have always kept my BTC on the exchange. I have recently been investing more, and so am looking into using a software wallet.

So I downloaded Trust Wallet.

However I am having trouble finding answers to my many questions, there doesn't seem to be many good guides out there. If you can link me that would be great. Sorry in advance for my noob questions, but I am a complete novice to not just wallets but Crypto itself.

1) I have downloaded the Trust App, and created a wallet. It has asked me to remember my 12 code password. I have also set my own pin password. Is the 12 word passcode used only in the event you forget your pin?

2) I can't find anywhere on Youtube a guide to transfer my Coinbase BTC to this wallet. Do I just copy the address and send to the address from within Coinbase app? Is it that simple?

3) Say now all the BTC is in my wallet and none on the exchange and I need to make an urgent sell. Does that mean now I have to transfer the BTC from my wallet, back to the exchange to then sell? Does that mean that in using a wallet, you have lost I guess the "live" part of it?

4) How much commission does each transfer in and out of the wallet cost me? There is no information on Trust's website, and cannot find on google, like why is it so hard to find?

Thank you very much in advance!

First, welcome to the forum.

To answer your questions,

1. Yes, you can recover your funds using the 12 recovery phrase in the times of, you forgot the password, the device (your phone) was lost/break/damage in the sense that it cannot be used.
2. Yes, the wallet address is one of the ways to transfer your btc/crypto from other wallet to another. Make sure you double-check your address at least 5 characters from start and end of the address, cause there's a malware called clipboard hijacker, where whenever you copied an address the hacker's address will be posted once you are infected though it was for PC and not yet on phones but still make it a practice.
And take note that crypto transactions in irreversible and you cannot recover your funds once it was sent.
3. Yes, you can but since trustwallet has built-in exhcnage then you can use it, though I'm not sure for the fees they charge.
4. That depends on the transaction size and the status of the network, coz it will take larger fees if the network is congested.