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Author Topic: Trust Wallet - Trustworthy?  (Read 1003 times)
alphaboon (OP)
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October 18, 2019, 11:19:35 AM
 #1

I am using Trust Waklet on my handphone. Basically it stores all my coins. But I wonder is it safe? What if my phone crash. What if I buy a new phone and need to transfer the wallet over? Is there any best practices for Trust Wallet. This is basically my entire fortune and I am trying to be as safe as possible
Javi_Anibarro
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October 18, 2019, 11:32:02 AM
Merited by tk808 (1)
 #2

Before start using it, it is recommended to make a back up of your wallet in case something wrong happens.
have you created it before? if you have not done it yet, watch their official video here: https://youtu.be/HhxRrse4EcE

go visit their official youtube channel to find out what you need: https://www.youtube.com/channel/UCrYnRK55nYUDd6flEZ2Kf6g/videos

until now, trust wallet is trustworthy.
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October 18, 2019, 11:35:08 AM
 #3

Trust wallet is trustworthy but, I would suggest you instead of buying a phone buy a hardware wallet you it is trustworthy and safe too.

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October 18, 2019, 11:48:34 AM
 #4

also it depends which phone will use? on ios systems you can save all of your app settings including wallets or anything that comes your mind and can be recoverable from backup. but there is hard to say the same thing on androids. backuping phone data important for personal security. the other way, i have no idea for trustwallet security  Grin
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October 18, 2019, 12:19:38 PM
 #5

I am using Trust Waklet on my handphone. Basically it stores all my coins. But I wonder is it safe? What if my phone crash. What if I buy a new phone and need to transfer the wallet over? Is there any best practices for Trust Wallet. This is basically my entire fortune and I am trying to be as safe as possible

You can just use that 12 word (or how many it was on trust wallet) backup phrase to get recreate your wallet. Keep it (seed phrase) safe and you are all set. I've been using Trust wallet for a long time now and honestly, trust Binance on it. I mean they bought the wallet so they are trusting it.

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October 18, 2019, 12:28:33 PM
 #6

I am using Trust Waklet on my handphone. Basically it stores all my coins. But I wonder is it safe? What if my phone crash. What if I buy a new phone and need to transfer the wallet over? Is there any best practices for Trust Wallet. This is basically my entire fortune and I am trying to be as safe as possible

You can just use that 12 word (or how many it was on trust wallet) backup phrase to get recreate your wallet. Keep it (seed phrase) safe and you are all set. I've been using Trust wallet for a long time now and honestly, trust Binance on it. I mean they bought the wallet so they are trusting it.
Is that true, Binance has bought the Trust wallet. Already trust wallet has gained got good review from the users. It has took two years to gain trust from the users and now only it is getting to be more popular than the previous years. If the statement Binance has bought Trust wallet is true, the same serves providing added value/trust over the Trust Wallet.

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Hippocrypto
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October 18, 2019, 12:31:48 PM
 #7

Before start using it, it is recommended to make a back up of your wallet in case something wrong happens.
have you created it before? if you have not done it yet, watch their official video here: https://youtu.be/HhxRrse4EcE

go visit their official youtube channel to find out what you need: https://www.youtube.com/channel/UCrYnRK55nYUDd6flEZ2Kf6g/videos

until now, trust wallet is trustworthy.

Of course it has been doing well for so several years, in terms of safety and security. Those recommended links were helpful in learning the basic ways to handle funds using trust wallet. Before catching those important aspects particular on back up and other steps, don't forget to secure small amount of specific asset you wanted to store with trust wallet. You needed it for the activation of the particular coins that you're going to deposit.
Davian144
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October 18, 2019, 12:52:56 PM
 #8

I am also one of the Trust Wallet users on my smartphone, and when I replace my smartphone to a new one, I can still use Trust Wallet properly and safely, provided we have a personal wallet key that we store well in other places, such as on a laptop or a computer, or on a hard drive, because on a smartphone just for application use only, while for the wallet key, we need a deposit in another place as a second copy, so that when replacing a new smartphone device, we just import the wallet keyword into the Trust Wallet application on a new smartphone.
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October 18, 2019, 01:07:42 PM
 #9

Trustwallet is the official cryptowallet of Binance. So far its secure and easy the use, you can forget your investments for years their but be sure not to forget to back-up your 12 words phrase. In other words without it your funds will be lost forever.

As per Trust wallet: https://help.trustwallet.com/hc/en-us/articles/360001044893-I-lost-my-backup-what-do-I-do-
Quote
I lost my backup, what do I do?
You can always have multiple copies of your backup, if you think you can store it safely. Any valid Keystore backup (private key/ mnemonic) will get you to the most current state of your wallet. We at Trust Wallet, don’t have access to your wallet or your private key. We are not able to help you recover your backup if you lose your device and your backup. Please make sure you store your backup(s) in a safe place.

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October 18, 2019, 01:14:39 PM
 #10

I have been using trustwallet for 8 months now. I have never heard anyone complain with their trustwallet.
very easy if you want to buy a new cellphone you can back up the trustwallet private key on your old cellphone then restore.
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October 18, 2019, 02:08:54 PM
 #11

I have used the mobile version of trust wallet for quite some time now and I have not had any issue with it. Although, I a m presently looking for the windows version for my PC. I do not want to download from just any source. Trying to take my time or I contact the team of trustwallet for the right channel. Also, you do not need to store all your assets on trustwallet. I have mine stored on different wallets I feel are safe.
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October 18, 2019, 02:18:00 PM
 #12

I am using Trust Waklet on my handphone. Basically it stores all my coins. But I wonder is it safe? What if my phone crash. What if I buy a new phone and need to transfer the wallet over? Is there any best practices for Trust Wallet. This is basically my entire fortune and I am trying to be as safe as possible

Trust wallet is very safe , that's one of the mobile wallets I use for some coins. Talking about changing your device or when your device crashes, you should have backup of your mnemonic phrases and private keys somewhere safe.  I'll advise you write them down in a book and keep safe and also store in a USB key.
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October 18, 2019, 02:22:13 PM
 #13

Trust wallet is trustworthy but, I would suggest you instead of buying a phone buy a hardware wallet you it is trustworthy and safe too.
There are many possibilities that phone will be lost, it will be hack or will result in crash of system. The more trusted wallet is hardware wallet since you have the full control, only use other small transactions or not hold coins too long in a wallet or exchange, will never when will they plan to abandon their system.

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October 18, 2019, 02:39:24 PM
 #14

I am using Trust Waklet on my handphone. Basically it stores all my coins. But I wonder is it safe? What if my phone crash. What if I buy a new phone and need to transfer the wallet over? Is there any best practices for Trust Wallet. This is basically my entire fortune and I am trying to be as safe as possible

I have been using trust wallet for a long time now. So I can say its overly safe to store your funds. I have no issue with my funds

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October 18, 2019, 03:24:28 PM
 #15

Quote
Trust Wallet - Trustworthy?

You can trust them. They are here for a long time and no issues. I would trust them watching their investors & partners. Binance Lab is one of their big investors and Binance lab won't invest in any project which is not promosiing or have any chance to scam.

I am using Trust Waklet on my handphone. Basically it stores all my coins. But I wonder is it safe? What if my phone crash. What if I buy a new phone and need to transfer the wallet over? Is there any best practices for Trust Wallet. This is basically my entire fortune and I am trying to be as safe as possible

You can find all the information below this link.

* Working with your wallet
* Download and install
* Create a new wallet (video)
* Backup a wallet (video)
* Import a wallet (video)

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October 18, 2019, 03:27:25 PM
 #16

Its created by binance team and this make this wallet trustworthy in my opinion
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October 18, 2019, 03:29:44 PM
 #17

I am using Trust Waklet on my handphone. Basically it stores all my coins. But I wonder is it safe? What if my phone crash. What if I buy a new phone and need to transfer the wallet over? Is there any best practices for Trust Wallet. This is basically my entire fortune and I am trying to be as safe as possible
Either trust wallet or other wallets make sure you get your recovery seed, thats the only way to get access to your funds if any thing go wrong e.g lost your phone or it got stolen, you only need your recovery seed and you can import the seed into other wallet and all your funds will be restore
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October 18, 2019, 03:36:22 PM
 #18

I have used the mobile version of trust wallet for quite some time now and I have not had any issue with it. Although, I a m presently looking for the windows version for my PC. I do not want to download from just any source. Trying to take my time or I contact the team of trustwallet for the right channel. Also, you do not need to store all your assets on trustwallet. I have mine stored on different wallets I feel are safe.

The trust wallet mobile app is really dope, with now embedded exchange feature. Some days back, I was able to buy NPXS via the wallet and it's amazing. Another interest aspect is the DAPP section, I was able to stake SF token via this means. I've backed up my private keys in a safe place anyway, in case I change my phone.

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October 18, 2019, 03:46:47 PM
 #19

I am using Trust Waklet on my handphone. Basically it stores all my coins. But I wonder is it safe? What if my phone crash. What if I buy a new phone and need to transfer the wallet over? Is there any best practices for Trust Wallet. This is basically my entire fortune and I am trying to be as safe as possible
I hope you are not using IPhones? because you are not safe if you are, if you are using android phone then you are safe and all you need to do is get the back up of your address, they are in words might be 12 or 16 or even more words, just find a safe place to write down the words
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October 18, 2019, 03:54:12 PM
 #20

I am using Trust Waklet on my handphone. Basically it stores all my coins. But I wonder is it safe? What if my phone crash. What if I buy a new phone and need to transfer the wallet over? Is there any best practices for Trust Wallet. This is basically my entire fortune and I am trying to be as safe as possible

You need not worry too much. As far as I know Trust Wallet has maximum security. If it makes you feel better, It's actually owned by Binance Exchange. And I don't need to lay emphasis on how funds stored with Binance related subsidiaries are #SAFU (Safe). Even though Trust Wallet is fully secured and takes the heavy load off security, You still have a role to play. One thing you can do from your end is ensuring that you don't share your private keys or worse, misplace them.

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