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Author Topic: Is Trustwallet Safe?  (Read 1257 times)
d3nz
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January 27, 2023, 10:41:00 AM
 #141

The majority say that Trustwallet is safe and maybe those people who get hacked and do not properly secure their seed phrase, private key, or installed a modded trust wallet app which the hacker can easily transfer the funds to their wallet.

I only installed trust wallet and downloaded it from the play store but I never used it, and only using Metamask since 2017 and never experience and issue or get hacked.
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January 27, 2023, 04:46:39 PM
 #142

So far I don't have any problems using trust wallet and I used this over 1 year but not totally Ill deposit big money just only a small one because we all know that cold wallets like this is not just totally okay theres some times a bad issues. So all we need if we use this kind of wallets make sure that we can't hold all our money to prevent loss. But for me still using this wallet.

R


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January 28, 2023, 04:28:10 PM
 #143

The best storage for crypto assets are offline/cold wallets - your assets are stored outside the internet environment which reduces its vulnerability to attack. However, Trustwallet may be more convenient since it is easier to manage and affordable (you can download it in your mobile phone), and also if you are keeping small funds. In my opinion, I suggest that you write down your password and seed phrase in a book/paper and keep it only where you can assess it. I suggest you avoid keeping your password/seed phrase anywhere in your mobile phone. I personally avoid enabling Google or other browser you may be using to keep or store my passwords. It is your hard earned money, so don't be lazy in writing your password/seed phrase on a paper outside your mobile phone. This can help to secure your funds. However, if you intend to store big amount of money/crypto asset, then you have to go for an offline/cold wallet.
If you are a pure crypto hodler then it's better to use offline wallets. As a hodler you will also buy more coins so your coins are more safe offline but if you are both a hodler and spender, where you sometimes use your cryptos for sending money and buying something then it will be convenient for you to have an online wallet. Trust wallet is one of the trusted mobile wallet but they don't have a support for desktop users.

For this, you may use Exodus or Electrum. Metamask has a support for both mobile and desktop but AFAIK they don't support Bitcoin. Just remember, we only need to store sufficient amount of cryptos on them since they are less safe than compared to offline wallets.

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CryptoYar
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January 28, 2023, 04:55:57 PM
 #144

The safety on trust wallet depends on keeping your mobile device & your recovery phrase safe. Trust wallet is considered one of the most secure hot wallet in the world. Creating an account is easily and security processes are satisfactory. And Trust wallet provided everything, so we can conclude It is safe.
Your tokens are on the blockchain, they require a private key to access, and if anyone gets to know it, your funds will be stolen.

It doesn't matter which wallet you are using and which wallet scammer uses to steal your funds, the crucial thing is the private key which you have to keep secret.
Oneandpure
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January 28, 2023, 05:32:46 PM
 #145

First time I used trustwallet when they have promoting with airdrop project and each participants install and download with trustwallet app will receive several TWT or Trustwallet coins, there are not any trouble yet with my assets keep secure and I don't think about how many time people loss their assets in trustwallet due their own mistake.

Have been several years I used trustwallet and not any problem yet until right now, maybe found some person with trustwallet hacked after connecting with unknow dapp exchange and possibility ever approving scam token. I think for investor keep securing use trustwallet and don't connect on other network if afraid with their assets hack.

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noormcs5
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January 28, 2023, 06:19:21 PM
 #146

First time I used trustwallet when they have promoting with airdrop project and each participants install and download with trustwallet app will receive several TWT or Trustwallet coins, there are not any trouble yet with my assets keep secure and I don't think about how many time people loss their assets in trustwallet due their own mistake.

Have been several years I used trustwallet and not any problem yet until right now, maybe found some person with trustwallet hacked after connecting with unknow dapp exchange and possibility ever approving scam token. I think for investor keep securing use trustwallet and don't connect on other network if afraid with their assets hack.

Trust wallet is safe as long as you know how to safeguard your wallets and not connect it to unknown sites to claim airdrops and other stuff.
Although it is a private source wallet, but still it is much better to use this wallet as compare to online wallets.

People usually lose money from trust wallet if they lose their private seed or maybe if they connect their wallets with scam sites.

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January 28, 2023, 08:16:36 PM
 #147

There are many cryptocurrency wallet softwares like metamask, trustwallet. I'm currently using Trustwallet to store my cryptocurrencies. I heard some people say that it can be hacked!
Can people hack my trustwallet?
Is it safe?
How to protect my trustwallet account?
Thanks in advance ♡
Trust wallet is a non-custodial hot wallet. Which means your private key is encrypted and  stored locally on your device and your device is connected to the internet (Hot Wallet) so technically  yes it can be hacked using malware remotely or hacked locally via social engineering or power glitch. It is safer than an exchange platform but not as safe as a cold wallet like Ledger which is offline.
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