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**Step 2 (continued): Adding an NFT token as an example:**
- Ensure the NFT token is not already available in Trust Wallet or add it via popular marketplaces like OpenSea or Rarible.
- Input the token’s name, symbol (if any), and contract address specific to NFT tokens starting with ‘0x’.
- Save and confirm addition.
Custom tokens offer diverse investment opportunities within the crypto space. Consider a hypothetical example of a meme coin like Shiba Inu (SHIB). Though not natively supported, you can manually add it following the process:
Step 1: Check if SHIB is available on Trust Wallet or add it using DEXs like Uniswap.
**Step 2:** Manually add the custom token:
- Tap ‘Add’ > ‘Custom Token.’
- Input ‘Shiba Inu’ as the name, ‘SHIB’ as the symbol, and its contract address.
- Save and confirm addition.
Custom tokens in Trust Wallet can be utilized in various ways such as:
Staking for yield farming rewards
Trading on DEXs like Uniswap or PancakeSwap
Participating in DeFi projects
Governing Decentralized Autonomous Organizations (DAOs)
Interacting with NFT marketplaces and games
It is essential to note that not all custom tokens are legitimate, so always ensure the token’s safety by checking its contract address on trusted sources like BscScan for Binance Smart Chain or Etherscan for Ethereum. This step can help prevent potential scams and safeguard your digital assets in Trust Wallet.