How to guide - Trust Wallet

Trust Wallet for Bitcoin Beginners

(A GPIB Bitcoin-Only Review and How-To Guide)

Hey there — if you’ve recently bought your first Bitcoin through GPIB, congratulations! 🎉
You’ve just taken your first step into sound money.

Now, while GPIB makes it easy to convert AUD into BTC, the next (and most important) step is making sure you actually own your Bitcoin. That means taking it off custodial platforms and holding it in your own wallet — where only you control the private keys.

One of the easiest ways to do that as a beginner is with Trust Wallet - https://trustwallet.com/
Let’s explore how it works, how to set it up, and how to move your Bitcoin safely from GPIB into your own custody.

🧭 What Is Trust Wallet (for Bitcoin Users)?

Trust Wallet is a non-custodial wallet, which means you — not GPIB, not an exchange, not anyone else — control the keys to your Bitcoin.

It’s available as a mobile app (on iOS and Android) and a browser extension. While it supports lots of cryptocurrencies, we’re only interested in its Bitcoin capabilities — sending, receiving, and securely storing BTC on-chain.

If you’re just getting started, it’s one of the most approachable wallets to use and a great first step toward full Bitcoin self-custody.

⚖️ Pros and Cons for Bitcoin Use

✅ Advantages

• Self-custody made easy: You control your private keys and seed phrase — not a company.

• Beginner-friendly design: Clean, simple interface that’s easy to navigate even for newcomers.

• Quick setup: You can create a Bitcoin wallet in under five minutes.

• Transparent fees: Trust Wallet lets you view and adjust your Bitcoin network fees before sending.

• Well-established app: Backed by a large user base and active development team.

⚠️ Limitations

• Mobile-first: Best suited for phones; less practical for those who prefer desktop management.

• No multi-signature (multisig) support: Not ideal for large Bitcoin holdings requiring advanced security.

• Limited Bitcoin features: Missing advanced tools like coin control, RBF toggling, or labeling addresses.

• Personal responsibility: If you lose your recovery phrase, no one can restore your wallet — your Bitcoin is permanently gone.

🔧 How to Set Up Trust Wallet for Bitcoin

Step 1: Install the App

1. Download Trust Wallet from the official site or your app store.

2. Open it and select “Create a new wallet.”

Step 2: Backup Your Recovery Phrase

1. The app will show you a 12-word recovery phrase — this is the key to your Bitcoin.

2. Write it down on paper, store it offline, and never share it with anyone.

3. Confirm the words in the correct order when prompted.

Step 3: Add Bitcoin

1. Once inside the app, tap “Add Tokens” and search for Bitcoin (BTC).

2. Enable it so your Bitcoin wallet appears on the home screen.

3. Tap Bitcoin to view your receive and send options.

💰 Moving Your Bitcoin from GPIB to Trust Wallet

At GPIB, we make it simple for Australians to buy Bitcoin directly with AUD.
When you first sign up, your Bitcoin is held securely in a custodial GPIB wallet — meaning GPIB temporarily safeguards your BTC for convenience.

However, we encourage every customer to take the next step:
move your Bitcoin into your own personal wallet — like Trust Wallet — so you maintain full control.

Here’s how to do it:

🔁 Step 1: Get Your Trust Wallet Bitcoin Address

1. Open Trust Wallet.

2. Tap Receive → Bitcoin (BTC).

3. Copy your Bitcoin address (it will start with bc1 or 1).

4. Keep this address handy for the next step.

💸 Step 2: Withdraw from GPIB to Trust Wallet

1. Log in to your GPIB dashboard.

2. Go to Addresses → Add Address (BTC).

3. Paste your Trust Wallet Bitcoin address into the withdrawal field along with a reminder label.

4. Save the new address.

5. You can now sweep your funds from the GPIB custodial address to your new Trust Wallet address.

6. After a few network confirmations, your Bitcoin will appear in Trust Wallet.

🔒 Security Best Practices

Bitcoin self-custody means freedom — but also responsibility.
Here are some golden rules:

• Your recovery phrase is everything. Keep it offline, secure, and never share it.

• Use a strong phone passcode and biometric lock for the Trust Wallet app.

• Send only via the Bitcoin network (BTC) — not BEP2, BEP20, or others.

• Double-check all addresses before confirming any transaction.

• Keep your app updated via the official Trust Wallet source only.

🪙 Final Thoughts

Trust Wallet is one of the simplest ways to begin owning Bitcoin for yourself.
If you’ve just bought Bitcoin through GPIB, moving it to Trust Wallet gives you true self-custody — your Bitcoin, your keys, your control.

While GPIB makes it easy to convert AUD to BTC, our goal is to help you become your own bank — and that starts with holding your Bitcoin personally.

For small to moderate holdings, Trust Wallet is ideal: quick, simple, and secure.
As you gain confidence, you may later graduate to advanced wallets like Sparrow or Specter, which offer more powerful security options.

But for now, Trust Wallet + GPIB = your first step into real Bitcoin ownership.