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Author Topic: Trust Wallet - Trustworthy?  (Read 935 times)
samcrypto
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October 19, 2019, 10:15:41 AM
 #41

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
The trust wallet is Binance's official wallet, so it will be trusted as it is held by a stable exchange. And its security depends on you, Avoid downloading or clicking not sure where to use it.

There might be an additional security on this app wallet but of course you still need to protect it. If you are in doubt about the security of that wallet then buy a hardwallet where you have the control over that. I don't store much coins on my phone wallet because I know its not that safe and if something happen to my phone, they can get the money to me which I don't want to happen. Avoid downloading from unfamiliar sites, they can ruin your phone and they can get access on your accounts if you got hacked.

According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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October 19, 2019, 12:51:59 PM
 #42

Definitely one of the most trustworthy crypto hot wallets in existence, but then again, it can be breached if your phone/OS has a security exploit or something similar, so its not bulletproof, but as a standalone application its of the highest tier.
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October 19, 2019, 01:51:12 PM
 #43

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 think Trust wallet is safe, im using it since 2018 until now im not encountered any problems so far its good, the best thing that you can do regarding your doubt is make sure that your keys or phrases that serve your Trust wallet security intact must be in secure place and dont share it to anybody. in case that you need to change your smartphone just import your  previous data through your Trust wallet recovery phrase.
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October 19, 2019, 01:52:17 PM
 #44

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
The trust wallet is Binance's official wallet, so it will be trusted as it is held by a stable exchange. And its security depends on you, Avoid downloading or clicking not sure where to use it.

Thats why we cant trust their wallet, binance is a big exchange and it is popular in as a secured exchange.
Trust wallet is also made to secure its users and protect them from hacking.

It is safe and you can trust your funds with that wallet. Its security will assure that your funds will not be taken that easily as long as you don't leaked any information of it. It is also user friendly, you can use it as easy as you can, because it was built as user friendly.

Yes this is what I mean, We must be careful when using any wallet, In order not to fall prey to hackers.
Yes especially to suspiscious links and also we should avoid downloading unnecessary apps to avoid malware.


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October 19, 2019, 06:50:03 PM
 #45

Definitely one of the most trustworthy crypto hot wallets in existence, but then again, it can be breached if your phone/OS has a security exploit or something similar, so its not bulletproof, but as a standalone application its of the highest tier.

That's it. Like I said yesterday, Trust Wallet provides maximum security and takes the heavy lifting off securing their users digital assets. But the users too have to play a small but vital role. One of which is ensuring their their private keys are properly and safely stored. Another tip is revealing too much information about their wallets and staying safe on the web. If users play their part right, Trust Wallet will do the rest.

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October 19, 2019, 08:34:41 PM
 #46

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

There is nothing more reckless than to store all your coins in one wallet, and even installed on the phone, which you can steal, hack or infect with a virus. This is a very unsafe way to store coins. I do not recommend that you keep all your coins on it.

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October 19, 2019, 10:28:19 PM
 #47

I use trust wallet, and there as a way to buck up your wallet, you should do this, if you lost your phone you can restore it.
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October 20, 2019, 01:20:52 AM
 #48

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

As long as we keep the seed words safe, I think that even if our phone is broken, we can restore it without losing the coins we already have. Trust wallet is one of the trusted and easy to use mobile wallet and I think Trust wallet is one of the best mobile wallet
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October 21, 2019, 11:46:11 AM
 #49

Never heard something negative about trust wallet, but holding everything in one wallet is bothering me. Try to diversify your portfolio by adding several MEW wallets or even storing some crypto on big exchanges to reduce the risks of getting scam or simply loosing your money.
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October 21, 2019, 11:57:44 AM
 #50

yes, in case you lost your phone you can use seed words to restore your all coins, trust wallet is very secure
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October 21, 2019, 12:28:37 PM
 #51

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 am a Trust wallet user to save coins that I have and to date have no significant problems. Even when we use a new phone, we can easily install it again as long as we hold the seed words. The most important thing is to safely guard the seed words that we have and not share them with other parties
Trust Wallet is probably the best wallet for phones because many large coins are supported here so it will be very convenient to use. I have been using Trust for the past year and haven't had any security issues with me. In fact Trust has a lot of big changes this year and over 100,000 downloads so this is the best wallet at the moment.

I personally take asset security very seriously and choosing a good wallet to keep assets is always my top priority in this market.
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October 21, 2019, 02:23:44 PM
 #52

Yes, Trust wallet is a trusted wallet that has been used by many users, especially for HODL'ers.

You can assure the safety of your crypto by having access through your mobile phone, and the security it gives it's every user security to assure that it is not easily compromised.



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October 21, 2019, 02:43:51 PM
 #53

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 am pretty sure that you can still recover your account if it does happen. Accounts have backup mechanisms that is why they are asking for your email so that they can contact you regards with your issues. Even if you buy your new device you could still transfer your data to it. A wallet is not limited on single device, as long as you have your login data you could still access them.
 Honestly, I haven't use the Trust Wallet but after hearing that Binance owns them then there's no doubt it is trustworthy.

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October 21, 2019, 04:37:16 PM
 #54

Don't hesitate to use the trust wallet.
This wallet is really very safe to use and certainly very easy if you make any transaction. So far, I myself have not had any problems when using this wallet.

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October 21, 2019, 04:59:29 PM
 #55

Definitely one of the most trustworthy crypto hot wallets in existence, but then again, it can be breached if your phone/OS has a security exploit or something similar, so its not bulletproof, but as a standalone application its of the highest tier.
Security exports can be found on IOS only for now, IOS is not opensource and this is the difference between IOS and Android phones, its better to use android phone for now because IOS is fully breached and not safe or you are better off with hardware wallet

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October 21, 2019, 05:03:14 PM
 #56

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
very safe, you can save it there, this is in my opinion because I have experience, I have saved harmony (one) there, and accidentally deleted the Trust Wallet application, fortunately I have a keyword that I saved and I entered it again when downloading the application and ONE I'm still there, my suggestion is to save your keyword on your cellphone just in case
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October 21, 2019, 05:13:56 PM
 #57

Coincidentally, my android smartphone often has problems and of course I have to recover the trust wallet and as long as I do it there is no problem in trustwallet it's just that, of course you have to save the phrase seed, privatekey, json file and if you save it there is no need to worry about the security of trust wallet.
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January 06, 2020, 10:48:51 PM
 #58

Trust wallet is a good and trustworthy wallet. The name actually speaks well of the wallet. Trust wallet is very easy to use and not complicated as other cryptocurrency wallet. Trust wallet is also used by many traders to securely store their cryptocurrency assets.
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January 20, 2020, 02:58:44 AM
 #59

It is so far but we don't know if they do not track or record our transactions, crypto holdings and anything. I'm in doubt sometime because like imtoken they have event like by depositing some type of crypto they'll be able to know if you did it then they give you the event coin
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January 20, 2020, 04:21:44 AM
 #60

Trust wallet is a good and trustworthy wallet. The name actually speaks well of the wallet. Trust wallet is very easy to use and not complicated as other cryptocurrency wallet. Trust wallet is also used by many traders to securely store their cryptocurrency assets.
you can only use that wallet as alternative to myether and metamask but if you can use both wallet you dont need to download or use trust wallet those 2 is enough.
And for the security of your funds OP you should own the privekey of your wallet so what ever happen to your phone or stolen you still have access to the wallet.
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