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How to Earn Bitcoin Using Trust Wallet
September 25, 2023
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In this guide, we’ll cover how to earn Bitcoin using Trust Wallet. We’ll do this using the Venus Protocol and earning BTCB, which is a pegged version of Bitcoin that’s on the BNB Chain. Trust Wallet allows you to earn crypto in many ways, including in-app staking or connecting to protocols via the Web3 dApp browser. Additionally, features like the Trust Wallet Security Scanner help to keep your entire Web3 experience safe.
 

Before you start earning Bitcoin using Trust Wallet

Before we dive into how to earn Bitcoin using Trust Wallet, you’ll need to create a wallet if you don’t already have one. Trust Wallet is available as a mobile app or you can get the Trust Wallet Extension for your desktop web browser. In this example, we’ll set up a new wallet using the Trust Wallet Mobile App.

Step 1: Download the latest version of the Trust Wallet App.

Step 2: Set up your new wallet

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  • Open the Trust Wallet app, and choose the option to ‘Create a new wallet.’
  • Choose a method to back up your wallet.
  • Go through the instructions to start using your wallet.
Tip: If you already have a wallet that’s not Trust Wallet, you can choose to import that wallet. In this case, you’d choose the “I already have a wallet” option.

Step 3: Ensure you have BTCB in your wallet

Note: To earn Bitcoin with Venus Protocol, you need BTCB - a pegged version of BTC that’s on the BNB Smart Chain (BEP20). You’ll also need this to cover any gas fees.
 
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There are a number of ways get BTCB into your wallet, including the following.

  • Deposit or buy BTC on the Bitcoin blockchain and then swap it to BTCB on the Binance Smart Chain (BEP20). This requires a couple of steps as you currently cannot directly swap BTC to BEP20 assets. Please see here for instructions (view the section on How to swap BTC or ETH to BEP20 tokens).
  • Deposit BTCB (BEP20) directly using these instructions.
  • Swap another BEP20 asset to BTCB (BEP20) using these instructions.

Once you have BTCB in your wallet, you’ll be ready to start earning using the Venus Protocol.

 

What is the Venus Protocol?

Venus Protocol is a DeFi (decentralized finance) money market platform operating on the BNB Smart Chain. It allows for the lending, borrowing, and minting of synthetic stablecoins (VAI), all collateralized by user-supplied assets. Venus is a fusion of concepts from Compound and MakerDAO, two Ethereum-based protocols, and brings together functions of lending and stablecoin minting within a single system. In this permissionless lending environment, users can earn interest on their collateral, or borrow against it, by participating in the platform's lending and borrowing services.

How to earn BTC using Venus Protocol and Trust Wallet

Step 1: Connect to Venus Protocol

  • Select the Trust Wallet Web3 Browser.
  • Enter https://app.venus.io/ into the search bar and navigate to the website.
  • Select “Connect wallet” and then choose “Trust Wallet”.
7a610452f7304d0e8b6760b61a5136f6.png
  • Connect your wallet, and select “Let’s get started”.
  • Tap the BTCB section, then choose your amount.
785b4e807f8c47de92727ec154578d8e.png
  • Once you’ve chosen your mount, located the “Approve BTCB” button, and select it.
  • Confirm the smart contract call.
2e55f0c1063b4645827f1cfea23cd5d0.png
  • Select the “Supply” button, then approve the smart contract call.
  • Now your supply is successful and you will start earning rewards.
96f45960cef54a85bd4688bf4f3b6001.png

Earning and claiming your rewards – things to keep in mind

  • In addition to earning BTCB, you also earn XVS, as shown in the above process. Once you earn the rewards, you can choose to swap the XVS rewards for additional BTCB (or any other swap pair asset offered) from within the Venus Protocol dApp.
  • You can use the in-app swapping feature of Trust Wallet to swap from BTCB back to BTC on the Bitcoin chain. With Trust Wallet, you have the freedom to approach this as you wish. If you do want to swap BTCB to BTC, just remember this will require a couple of steps as outlined here.

The Power of Web3 and Decentralized Protocols

As we come to the end of our guide on earning Bitcoin using Trust Wallet, it's important to recognize the transformative power of Web3 and decentralized protocols. Web3, also known as Web 3.0, is the next generation of the Internet where applications interact with decentralized networks. This is a game-changer for financial transactions and introduces innovative ways to earn more crypto.

Web3 wallets, such as the Trust Wallet, provide users the flexibility and autonomy to connect with various decentralized protocols directly. Whether you're staking with Venus Protocol or any other decentralized protocols, your crypto wallet acts as a gateway to a number of DeFi services and a world of Web3 experiences.

It’s also worth noting that Trust Wallet is easily accessible not only on your mobile device but also on your desktop. It’s conveniently available as a Chrome extension on the Chrome web store, making it effortless to manage your assets while browsing the web. Plus, features like the Trust Wallet Security Scanner help keep your assets and Web3 experience safe and enjoyable.

In a nutshell, using a Web3 wallet to interact with open, decentralized protocols can offer numerous opportunities to earn more crypto, and platforms like Trust Wallet make this process seamless and user-friendly.

As we wrap up, remember that the world of decentralized finance is rapidly evolving, and it's crucial to stay updated with the latest tools and protocols that can increase your crypto holdings. Always remember to do your own research and happy earning!

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The Dinarian On Locals is a labor of love that I pour my heart and soul into during my personal time. Countless hours are dedicated to delivering you the most up-to-date, unfiltered, and authentic news and information. Your support means the world to me, and I invite you to consider making a donation or becoming a dedicated supporter of this project. Any amount of XRP donations can be sent to XRP address: rqEy1PDACRg3p9RaVEZz6jU1g9RgguP91 or by scanning the QR code below and are not only appreciated but needed... 


To those of you already backing my efforts, I extend my deepest gratitude. Your generosity fuels this mission, and I genuinely thank you from the depths of my heart. Together, we can continue to bring you the best results and make a significant impact in everyones future! ~D

 


 

 

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What is XAH and Xahau?

If you're new to XRP, you may have noticed some of us discussing another network named 'Xahau'.

It's Like XRP ... But Different

The Xahau network was created in 2023, and its starting point was the open-source code for the XRP Ledger. A small team of researchers and entrepreneurs decided to add smart contracts to the network code.


The XRP Ledger has no smart contract capabilities, by default.

To integrate smart contracts, the team decided to use an architecture that includes 'WASM' or 'web assembly' code. Each account can have up to 10 'hooks' installed that are triggered for transactions that match specific criteria. They can run before or after a transaction is processed. This enables a variety of use cases that do not involve the need to change the network's core code.

Hooks

A 'hook' is what is known as a smart contract that can be triggered in relation to a specific account and its transactions.

The term arises from the programming world, where it generally means "code that runs based on triggering conditions." In Xahau's case, it indicates code that is run before, or after, a transaction is processed.
 
Each hook must be installed on a specific account by the party that controls the account - i.e., the secret key holder.
 
What Can XAH Do That XRP Cannot?
 
The primary benefit from the use of hooks, is that the core network code does not need to be changed every time a new use case is identified. This means that additional use cases can be addressed immediately, with no requirement for intervening steps, such as:
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All of those steps are eliminated with the use of hooks; new use cases can be addressed as fast as the code can be developed.
 
To read more about how hooks enables Xahau to handle more use cases than even the XRPL, you can read this article:
 
Key Differences From XRP
 
Other unique differences from the XRP Ledger include:
  • Much smaller supply ~612 million coins vs. 100 billion coins
  • XAH hodlers are rewarded at 4% of their account balance. There are no rewards for XRP.
  • Governance participants are incentivized
  • Payment channels available for user-created tokens (IOUs)
  • URI tokens instead of NFT tokens
Who's Who of Xahau?
 
The list of those that are either founders, or closely associated with the founding organizations, is extensive. Here are the names of three organizations mentioned in the whitepaper, or their current moniker:
  • Xaman (a.k.a. XRPL Labs)
  • Gatehub
  • InFTF (Inclusive Financial Technology Foundation)
There exists a long list of impressive developers, architects, and technologists among the Xahau inner circle. But the three names that people associate most prominently with the leadership of the Xahau network are Wietse Wind, Richard Holland, and Denis Angell. The links to their 'X' accounts are:
 
Friend Or Foe?
 
This topic is one of the most contentious.
 
While Ripple, the company with the largest stake of XRP, showed interest in hooks early on, they ultimately decided to advocate for a different approach; the use of an EVM-based solution (Ethereum Virtual Machine) to handle smart contracts on the XRP Ledger. This decision was met with consternation by the Xaman team that had worked with them for several years to advocate for the use of hooks.
 
You can read more about the 'business politics' part of this topic here:
 
So how do Xahau fans view the relationship between XRP and XAH?
 
The Xahau team - and many of its community members - advocate for the use of a 'dual-chain' solution to implement smart contracts. This can be accomplished by the use of 'listener' software, along with native Xahau hooks.
 
A proof of concept, developed by Denis Angell, has demonstrated that bi-lateral communication can work with a simple approach.
 
From an economic standpoint, every chain that has its own digital asset is a competitor; but the simple way to think about Xahau, is that a 'bunch of XRP geeks' decided to implement smart contracts on their own version of the XRP Ledger.
 
The team emphasized transparency along the way, and initially received support from the primary XRP stakeholder, Ripple. They published Xahau as open-source code that could, in theory, be back-engineered and integrated with the XRP Ledger. You can clearly observe the team's idealistic mindset in early marketing mistakes, where they named their digital asset 'XRP Plus' in an effort to emphasize the way that they viewed their creation. While this resulted in confusion - and even suspicion - in its early days, the team quickly pivoted, and named their digital asset 'XAH', which became its ticker symbol.
 
Synergy effects between the two camps speak to a genuine camaraderie, with many Xahau developers being open and willing to help with changes to the core XRP Ledger protocol. You can find many examples of this open dialogue on the 'X' platform.
 
How To Purchase XAH
 
If you wish to speculate by buying XAH directly, it is available in a variety of convenient locations, depending on where you are located. If you're in a country that is supported by Bitrue, you can directly purchase or trade XAH by using that exchange.
 
On January 20th, 2025, Bitmart announced that it supports trading of XAH for customers in their list of supported countries; And in late March, another major exchange announced that they would be supporting XAH trading pairs: Coinex.
 
If you're located in the United States, you can purchase XAH directly from a vendor known as 'C14'. The xApp for C14 is located in the Xaman wallet.
 
XRP Ledger geeks can also purchase XAH IOUs on the XRPL Dex and then convert them to 'real' XAH using a Gatehub bridge. This is available in countries that Gatehub supports.
 
Which XAH Accounts Should I Follow?
 
On the 'X' platform, there exists two major community groups for XAH fans:
In addition to the Xahau notables I've already mentioned in this article, my advice is to take a look at who is posting in the above two communities. There are many impressive leaders and entrepreneurs included. You should be able to find multiple 'X' accounts that reflect your interests.
 
Xahau Development Roadmap
 
Xahau leaders have published a roadmap for 2025 that lists their various goals for the ecosystem:
 
To read a detailed explanation for each item, refer to this: Xahau Roadmap Super Thread
 
One of the most incredible waypoints listed is 'JavaScript Hooks Implementation.' 🤯
JavaScript!
 
With the 'JavaScript Hooks Implementation', Xahau is making history; it will enable anybody that knows JavaScript to easily create and install a smart contract. While networks like Ethereum are impressive early movers, they require developers to learn a new language and syntax.
 
Xahau will soon open 'crypto smart contracts' to a group of developers that number in the tens of millions.
 
Project L-10K
 
Project L-10K is one of the most important items in the pipeline. L-10K refers to the effort to boost the throughput of Xahau consensus to over 10,000 transactions per ledger! This will benefit hosted projects such as Evernode, and future issued assets. Heading up the effort is Richard Holland, who provided a progress update to the community in late May of 2025:
 
To learn more about this ambitious effort, you can watch his full presentation here:
The Future Of Defi And Payments
 
Once you've seen the extensive list of use cases that XAH easily handles, it's truly inspiring. Xahau is everything that you love about XRP, plus a long list of more things to love. ❤️
 
Be an early adopter of XAH and the Xahau network! Join the community groups listed and follow the accounts that seem to reflect your own interest - speculator, developer, or crypto fan. You have a place in our community, no matter what your background or interests are. Welcome to the future of crypto Defi and Payments
 
Sources:
 
 
NOTE: Payment channels for IOUs is currently in amendment status for the XRP Ledger, authored by Denis Angel here:
 
 

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If you find value in my content, consider showing your support via:

💳 PayPal: 

1) Simply scan the QR code below 📲
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Or Buy me a coffee: https://buymeacoffee.com/thedinarian

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