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Title: How secure are my funds Trust wallet? Post by: bl9ckbox on March 23, 2022, 06:05:41 PM Hi bitcointalk, I store my bitcoins in my trust wallet. I feel or used to feel it was the safest wallet to use because of the seed phrase feature it has. I have my private keys on paper somewhere safe. Everything was going well until this morning. I got the breaking news: Trust wallet has been removed from apple store. The trust wallet team are reassuring us on Twitter that our funds are safe but I’m not so sure anymore. If apple can take them down, android play store can do the same. What happens then?
https://www.[Suspicious link removed] I attached a screenshot of the message broadcast from Trust official Twitter https://i.ibb.co/fqHdDGZ/3-AFDDAC1-EA67-45-AC-ABF0-D48-A4-AD19-C87.jpg (https://ibb.co/hLVFY1r) Title: Re: How secure are my funds Trust wallet? Post by: Chipard on March 23, 2022, 06:16:20 PM You can import your seedphrase to Metamask https://metamask.io/download.html then transfer your funds to electrum or much better in hardware wallets as it is recommended to me who I also using trustwallet, i'll transfer my holdings soon to hardware wallet.
Title: Re: How secure are my funds Trust wallet? Post by: Pokapoka124 on March 23, 2022, 06:55:36 PM Not recommended or outdated Wallets These wallets are either not-recommended for some reason or outdated. You should not use them! Please note that here we only list wallets that were previously on the list, or were suggested to be included by others. This does not include ALL wallets that exist and are not recommended. Wallets that are strongly not recommended: Copay, Bitpay, Blockchain.info, BTC.com — untrustworthy, misleading customers, high fees, lacking implementation. Mycelium — iOS app has been abandoned. Mycelium team was involved in various unethical scandals, e.g. raising money from ICOs, partying with the collected money and more. Multibit — This wallet is discontinued: https://bitcointalk.org/index.php?topic=2293714.0. Coinbase, Freewallet — Custodial wallets. Freewallet has also many scam accusations against it. Ledger HW.1, Ledger Unplugged — Discontinued hardware wallets. Bitfi - John McAffee's "unhackable" hardware wallet, named also as “the world’s first unhackable device”. Besides McAffee's notorious lack of ethics and besides the admitted vulnerabilities of this product, McAffee offered in 2018 a 100.000$ bounty (raised afterwards to 250.000$) to anyone able to hack the hardware wallet. One week later, a 15 years old teen cracked the wallet and launched Doom on it, but he never received a dime from McAffee. Coinomi — Initially open source, then changed again to closed source. Had controversial situations in the past. More information can be found here. Trust Wallet — Mislead users that it was open source (only iOS app was). Later both versions of the wallet became closed source. They have not provided a reasonable explanation for this. More information can be found here, and here. Exodus — high fees (not customizable), security flaws, sync problems.] Trust wallet isn't the best wallet to use. Trust wallet is closed source meaning the code is not available to the public, the developers can make changes in the wallet without the public knowing. Educate yourself on [General] Bitcoin Wallets - Which, what, why? (https://bitcointalk.org/index.php?topic=1631151.0) Title: Re: How secure are my funds Trust wallet? Post by: NeuroticFish on March 23, 2022, 07:14:45 PM I feel or used to feel it was the safest wallet to use because of the seed phrase feature it has. As said it's closed source. Even more, while you are on the right track by choosing a wallet where you do have the seed, you should read about the dangers of hot wallets too. (If your device is stolen or you install by mistake a malicious software, you can lose your funds, hence this kind of solution is only for small funds. For larger funds learn about hardware wallets and cold storage.) I have my private keys on paper somewhere safe. [...] If apple can take them down, android play store can do the same. What happens then? Since you have the seed, you should be able to recover your wallet with another wallet software; but I've never used Trust wallet and I don't know if it's a standard seed, compatible with other wallets or not. On the other hand you can act from now and: 1. Install a more widely compatible wallet to your device. I'll assume it's an Android phone and there the best choice is Electrum[1] (reputed, open source). Generate safely a new wallet onto Electrum and make sure you save the new seed carefully. 2. Send your bitcoin from Trust wallet to Electrum (and make sure you double check the recipient address is correct!) --- [1] For installing go to https://Electrum.org , download page, and click there the google play link to make sure you don't install a malicious clone. Title: Re: How secure are my funds Trust wallet? Post by: rat03gopoh on March 23, 2022, 07:19:54 PM Just keep an eye on trustwallet's twitter updates (this is the latest one (https://mobile.twitter.com/TrustWallet/status/1506684954654265347)). To ensure that your funds are safe, you just have to check them in the address explorer. Just want to know how it works since I'm not an Iphone user, will the app stop working if it is delisted in appstore and it applies to all apps?
You can import your seedphrase to Metamask However, it is even more discouraged to import private keys or seedphrases in many different apps.Title: Re: How secure are my funds Trust wallet? Post by: BIT-BENDER on March 23, 2022, 09:07:28 PM I store some of my Bitcoin on trust wallet although not much, I still don't get scared that my coins are on the platform, trust wallet is more secured than having your coin stored in an exchange wallet, I have some Bitcoin also on electrum and I feel most secured her I don't really have anything against trust wallet. I also recommend it to newbies and even old users.
Title: Re: How secure are my funds Trust wallet? Post by: bl9ckbox on March 23, 2022, 09:54:32 PM Chipard metamask is an online wallet, the same thing can happen to them. I googled hardware wallets, a couple of results came up. The prices of hardware wallets are quite high plus shipping from Amazon but if it will give me the security I need I don’t mind paying. Does anyone have experience with Trezor/nano wallet?
Title: Re: How secure are my funds Trust wallet? Post by: Yamifoud on March 23, 2022, 10:46:22 PM Hi bitcointalk, I store my bitcoins in my trust wallet. I feel or used to feel it was the safest wallet to use because of the seed phrase feature it has. I have my private keys on paper somewhere safe. Everything was going well until this morning. I got the breaking news: Trust wallet has been removed from apple store. The trust wallet team are reassuring us on Twitter that our funds are safe but I’m not so sure anymore. If apple can take them down, android play store can do the same. What happens then? Many of the forum members will suggest using a hardware wallet for high security but the question is it really need for us? Are the funds(amount) are we holding are worth enough because hardware wallet is expensive and we have to consider that. But I believe using a trust wallet is also safe if we did these things... https://trustwallet.com/blog/7-top-5-crypto-wallet-security-tips In fact, I even use another mobile app for many years but never happens I was hacked, it really depends on how the user used it. Title: Re: How secure are my funds Trust wallet? Post by: dansus021 on March 24, 2022, 04:15:10 AM just give my opinion i have been using trust wallet for almost 3 years now its from Q2 2019 and its work fine to me especially with the DAPP and the app is run smoothly in my android phone
Trust wallet is app that been acquires by binance https://www.binance.com/en/support/announcement/360010790652 so u must know that binance always talk about #SAFU ;D ;D back to the question How secure are my funds Trust wallet? as long ur never share ur private keys to anyone else and never get in touch/approve fishy/scam token contract u should be fine but u know every product has always two side and remember that no system is safe 8) Title: Re: How secure are my funds Trust wallet? Post by: Despairo on March 24, 2022, 04:44:40 AM You can import your seedphrase to Metamask https://metamask.io/download.html then transfer your funds to electrum or much better in hardware wallets as it is recommended to me who I also using trustwallet, i'll transfer my holdings soon to hardware wallet. Keep in note: importing the seed pharse firstly created on Trustwallet to other wallet doesn't make your funds 100% safe, because we don't know the closed source part on Trustwallet, could be they have a command to view everyone seed pharse. So better transfer it to new created address on secure wallet.Trust wallet is app that been acquires by binance https://www.binance.com/en/support/announcement/360010790652 so u must know that binance always talk about #SAFU ;D ;D SAFU is just a marketing advertisement by Binance to convincing anyone if their exchange is safe fully 100% since any loss from any attack will be refunded. But if the hacker have access to any wallet by Binance e.g. hot wallet, SAFU, etc. I doubt Binance can refund to all their clients.Title: Re: How secure are my funds Trust wallet? Post by: pakhitheboss on March 24, 2022, 05:15:08 AM For long term hodling always use a hardware wallet. If you do not want to do that then store your Bitcoin in a desktop wallet. Being a closed source wallet doesn't necessarily mean that it is a bad wallet. Ledger hardware wallet are also close source but are the most recommended hardware wallet.
You can read this article (https://changenow.io/blog/app-store-continues-crackdown-on-crypto-wallets#:~:text=Like%20recent%20cases%20of%20evictions,We%20are%20working%20on%20that.) to find the reson why Trust wallet was removed from the Apple store. Title: Re: How secure are my funds Trust wallet? Post by: windlereveT on March 24, 2022, 06:05:03 AM If you hold a coin for a long time, it is recommended to use a hardware wallet. I find the problem of unlisting from the appstore is also a normal problem. sometimes some apps violate apple policy and get taken down
Title: Re: How secure are my funds Trust wallet? Post by: Charles-Tim on March 24, 2022, 07:16:58 AM Trust wallet has been removed from apple store. It's on google playstore, this only affected the iOS.Trust wallet is close source, not a wallet I can recommend. But let me use Electrum as an example, I do not know if Trustwallet also has direct download link on their website which you do not have to be redirected to iOS store. For Electrum, this is the direct download link https://electrum.org/#download, we do not have to go to any app store for download. Is it like that for Trustwallet? Check if you can download it directly from Trustwallet website. I will advice you to use Electrum for bitcoin while open source hardware wallet is the good available option for altcoins, having your bitcoin on hardware wallet is also safer. So, because an app is removed from playstore, that does not mean the security is compromised so far the wallet is reputed. What is most important is to verify PGP signature if you want to download a wallet from a website but I do not know if Trustwallet include PGP signature. Title: Re: How secure are my funds Trust wallet? Post by: Mpamaegbu on March 24, 2022, 07:33:24 AM I feel or used to feel it was the safest wallet to use because of the seed phrase feature it has. I have my private keys on paper somewhere safe. Well, Roqqu and Freewallet also have seedphrase features but that doesn't make them safe. Don't count on that to think a wallet should be safe. Yes, I know the story of Trust Wallet being a close source wallet but I don't believe the developers would want to do anything criminal by playing with investors' funds knowing it would destroy its reputation. Remember, it has some connection with Binance. It could be any other thing apart from a motif to act criminally that made apple to remove that app from its store. I believe we're good with TW. Even the TW token has being soaring since this week, showing that the news you shared here didn't affect it. I've been using the TW app since early last year and haven't had any issues with it. Title: Re: How secure are my funds Trust wallet? Post by: JangoUnchained on March 24, 2022, 07:45:31 AM Closed source or open source isn't something I want to debate about, the danger of using a crypto wallet lies in the types that keeps private keys to themselves for example free wallet and luno, trust wallet is way better in this case keep your keys safe and nothing will happen to your coins.
Title: Re: How secure are my funds Trust wallet? Post by: XUR_TIP on March 25, 2022, 04:42:28 PM Trust wallet isn't fully open source that's the problem, I trust electrum more than trust wallet, if all you have is your smartphone look for an open-source wallet to store your coins, if you have some cash on you buy hardware wallet.
Title: Re: How secure are my funds Trust wallet? Post by: KingsDen on March 25, 2022, 05:40:07 PM Hi bitcointalk, I store my bitcoins in my trust wallet. I feel or used to feel it was the safest wallet to use because of the seed phrase feature it has. I have my private keys on paper somewhere safe. Everything was going well until this morning. I got the breaking news: Trust wallet has been removed from apple store. Hi, trust wallet is a reputable wallet and I am convinced that your funds are safe. I know you aren't affected because you use android as your post implied. Saying Trust wallet is the safest wallet is a gross exaggeration. There's no how a hot wallet would be the safest cryptocurrency wallet.Saying about the source coding of Trust wallet. Many people are saying that Trust wallet deceived the public to believe that their protocol is open source while it is close source. I do not believe this. No one deceives anyone, the information is available for investigation by all. Unless you say they were open source and later changed to closed source. I do not know how possible it is too. Title: Re: How secure are my funds Trust wallet? Post by: khaled0111 on March 25, 2022, 05:50:50 PM The prices of hardware wallets are quite high plus shipping from Amazon but if it will give me the security I need I don’t mind paying. Does anyone have experience with Trezor/nano wallet? I wouldn't recommend buying hardware wallets from Amazon or any other third party unless you are certain you know how to verify its genuineness and that it hasn't been tampered with. You should buy it directly from the manufacturer or from one of their official resellers.OP, afaik, trustwallet uses the bip39 standard, so even if it stops existing you can always import your wallet into any other wallet that supports this standard. Title: Re: How secure are my funds Trust wallet? Post by: TreyARC on March 26, 2022, 02:41:46 PM Metamask is even worse, I trust trustwallet more than Metamask if I have the option to choose between the two, it's better to wait till trust wallet team fix the problem which I believe they will since the wallet belongs to binance exchange.
Title: Re: How secure are my funds Trust wallet? Post by: Dillonhebist on March 26, 2022, 03:11:20 PM https://electrum.org/
https://bluewallet.io/ https://ledger.com/ https://trezor.io/ You can also download any of this wallet listed above since you have your seed phrase with you, your wallet can be restored. Make sure when downloading it you clicked on the Google play link so that you won't download a Clone one. Title: Re: How secure are my funds Trust wallet? Post by: BobK71 on March 26, 2022, 06:08:42 PM I have been using Trust Wallet for a long time and it can be said that I have been using it since the beginning of it. But to be honest, I never got into any trouble with it. Rather it seems to me that it is much safer and more convenient to use than other wallets. About 50 percent of my assets are stored through this wallet.
Title: Re: How secure are my funds Trust wallet? Post by: GeorgeJohn on March 26, 2022, 06:19:42 PM If you dont have much funds on your trust wallet to be precise you can download electrum and coinomi, this two i made mentioned of have equivalent security measures to trust wallet, trust wallet is one of recommendable wallet you can that people trust on the security function, this news of removing trust wallet from play store is my first time to get across of it today, but i believe that your funds is secured provided you have your seed phrase.
Title: Re: How secure are my funds Trust wallet? Post by: ScamViruS on March 26, 2022, 06:28:04 PM Metamask is even worse, I trust trustwallet more than Metamask if I have the option to choose between the two, it's better to wait till trust wallet team fix the problem which I believe they will since the wallet belongs to binance exchange. Trust wallet is good but not completely secure. Trust wallet can be used for regular use only if your fund is small, I often use trust wallet for small transactions. Because it is not safe to keep large amount of funds in all these wallets even after you have seed. Because if for some reason a virus is downloaded to your phone then the scammer can get access to your trust wallet. So crypto users should keep in mind that hardware wallet should be used to store large amount of funds. Title: Re: How secure are my funds Trust wallet? Post by: Mpamaegbu on March 28, 2022, 12:42:28 PM If you dont have much funds on your trust wallet to be precise you can download electrum and coinomi, this two i made mentioned of have equivalent security measures to trust wallet, trust wallet is one of recommendable wallet you can that people trust on the security function, this news of removing trust wallet from play store is my first time to get across of it today, but i believe that your funds is secured provided you have your seed phrase. The issue, as many people argue, isn't the absence of seed phrases but that any wallet which isn't open source should not be trusted. They claim Coinomi and Trust wallets aren't safe because they're closed source. Electrum is the only one in there that is taken to be safe. I've had incidents with Roqqu and Freewallets which also have seed phrases but are closed source and they weren't pleasant experiences. So, it boils down to the nature of sources of a wallet rather than if its owner is able to copy out seed phrases or not. I've had pleasant experiences with TW and Coinomi for years despite being labelled risky. Sometimes, one begins to reason that the issue with closed source thing being risky has to be majorly a thing with the developers going rogue after a while. Title: Re: How secure are my funds Trust wallet? Post by: Pokapoka124 on March 28, 2022, 07:13:48 PM trust wallet from play store is my first time to get across of it today, but i believe that your funds is secured provided you have your seed phrase. Wallet security isn't only about keeping your seed phrase safe. The type of wallet you store your bitcoins is equally as important. I've had pleasant experiences with TW and Coinomi for years despite being labelled risky. Sometimes, one begins to reason that the issue with closed source thing being risky has to be majorly a thing with the developers going rogue after a while. It takes only a day to destroy a reputation built for years. Events that have occurred in the forum prove that. For you it boils down to trust. It's your personal decision to trust the developers of a closed source wallet even if you realise they have the power to rip you off at anytime without you knowing. I find it difficult to do that. The only "trust" we have in crypto is the blockchain. That's what separates us from those that believe in traditional currency/fiat imoTitle: Re: How secure are my funds Trust wallet? Post by: Mpamaegbu on March 28, 2022, 07:34:04 PM ~snipped~ It takes only a day to destroy a reputation built for years. Events that have occurred in the forum prove that.Quote The only "trust" we have in crypto is the blockchain. But of course that's true and inarguable. But the issue at hand transcends the blockchain to storing cryptos. We are talking of non–custodial wallets for cryptos here, bearing in mind that there's a difference between Bitcoin wallets and Crypto wallets. What safe crypto wallets do you've in mind? Title: Re: How secure are my funds Trust wallet? Post by: CryptoPanda on April 01, 2022, 08:59:24 PM https://i.ibb.co/Qk8PD5D/IMG-20220401-215026.jpg (https://ibb.co/hcXBYqY)
OP I'm sure you saw it on twitter, Trust wallet is back on Apple app store. OP you can download your trust wallet and sign in your account, the comments on twitter tells some users may have been reckless with their private keys and can't access their account. Title: Re: How secure are my funds Trust wallet? Post by: khaled0111 on April 01, 2022, 11:59:12 PM Thank you for the update CryptoPanda, but does anyone knows why trustwallet was removed from Apple app store in first place?
edit: I made a quick research and found this: DApp Browser Removal on iOS version of Trust Wallet (https://support.trustwallet.com/en/support/solutions/articles/67000670234-dapp-browser-removal-on-ios-version-of-trust-wallet) It looks like trustwallet had to remove the dapp browser from their iOS version in order to comply with the app sore guidelines! The Dapp browser is no longer available on newer versions of trustwallet for iOS. |
