Help me understand TrustWallet.

[coupable]

Usually, i don't trust in multi-currency wallets. I don't feel that safe if my wallet connects to centralized servers managed by a single entity.  I always prefer manage my crypto savings in their official clients.
Today, i decided to install TrustWallet as it becomes one of the most known wallet after being sold to binance. After a short experience, i was looking for an official ANN thread to ask about few things but found none. This is why i create this topic.

I read somewhere that TrustWallet user has access to the private keys of each coin supported by the wallet. It was required to save a twelve word seed at first creating the wallet, but i didn't find here to find my private keys for eth and bitcoin.
I was surprised that trustwallet supports bech32 addresses but i can't find where to change the receiving address.
In the exchange menu, i was looking to exchange my deposit in eth to btc. I didn't find available eth/btc pairs available. Seems that eth exchange is only available to be exchanged with ERC20 tokens supported by the wallet.

[1715462284]

1715462284

[hosseinimr93]

I read somewhere that TrustWallet user has access to the private keys of each coin supported by the wallet. It was required to save a twelve word seed at first creating the wallet, but i didn't find here to find my private keys for eth and bitcoin.

You can use iancoleman.
Enter your 12-word phrase. Then you will see all your private keys and the extended private key as well.
Note that since trust wallet uses bech32 format for bitcoin addresses, you must select BIP84.

I was surprised that trustwallet supports bech32 addresses but i can't find where to change the receiving address.

I have never received any payment in trustwallet. But I guess once you receive a payment, the receiving address will change.
If you wish to see your other addresses, you can see them using iancoleman.

In the exchange menu, i was looking to exchange my deposit in eth to btc. I didn't find available eth/btc pairs available. Seems that eth exchange is only available to be exchanged with ERC20 tokens supported by the wallet.

I am not sure but I think one of pairs must be Binance or its tokens.

[coupable]

Thank you hosseinimr93, I think iancoleman is a great tool. 

In the exchange menu, i was looking to exchange my deposit in eth to btc. I didn't find available eth/btc pairs available. Seems that eth exchange is only available to be exchanged with ERC20 tokens supported by the wallet.

I am not sure but I think one of pairs must be Binance or its tokens.

I think this is true. But by trying to swap from btc to bnb or another binance supported token, i can't find btc in the list of options. There is Bitcoin BEP2 [BTCB] or 3x Long Bitcoin Token / 3x Short Bitcoin Token. When i first thought to install TrustWallet app was for to make fast swaps i make regularly.

I want also to ask if it's possible to synchronise my binance account with my TrustWallet app.

[iconoclast]

Thank you hosseinimr93, I think iancoleman is a great tool. 

In the exchange menu, i was looking to exchange my deposit in eth to btc. I didn't find available eth/btc pairs available. Seems that eth exchange is only available to be exchanged with ERC20 tokens supported by the wallet.

I am not sure but I think one of pairs must be Binance or its tokens.

I think this is true. But by trying to swap from btc to bnb or another binance supported token, i can't find btc in the list of options. There is Bitcoin BEP2 [BTCB] or 3x Long Bitcoin Token / 3x Short Bitcoin Token. When i first thought to install TrustWallet app was for to make fast swaps i make regularly.

I want also to ask if it's possible to synchronise my binance account with my TrustWallet app.

You can connect your TrustWallet with Binance Dex but I don't think you can with the main Binance Exchange. Here is tutorial on connecting it to Binance Dex. https://www.binance.vision/tutorials/binance-dex-accessing-your-wallet

[bitmover]

Binance is controlling everything.
And they are good in everything they do. On the other hand, this ecosystem  is basically scammers-only... so if someone honest, serious and competent shows up, like Zhao, he really emerge.

[coupable]

Thank you hosseinimr93, I think iancoleman is a great tool.  

In the exchange menu, i was looking to exchange my deposit in eth to btc. I didn't find available eth/btc pairs available. Seems that eth exchange is only available to be exchanged with ERC20 tokens supported by the wallet.

I am not sure but I think one of pairs must be Binance or its tokens.

I think this is true. But by trying to swap from btc to bnb or another binance supported token, i can't find btc in the list of options. There is Bitcoin BEP2 [BTCB] or 3x Long Bitcoin Token / 3x Short Bitcoin Token. When i first thought to install TrustWallet app was for to make fast swaps i make regularly.

I want also to ask if it's possible to synchronise my binance account with my TrustWallet app.

You can connect your TrustWallet with Binance Dex but I don't think you can with the main Binance Exchange. Here is tutorial on connecting it to Binance Dex. https://www.binance.vision/tutorials/binance-dex-accessing-your-wallet

I can't tell if this is a good feature or not. I think a personal wallet should always be as private as safe. Just to know that binance controls everything makes it unsafe for me to use even it's yet safe.
Personally, i have a non-verified binance account, so i doubt if something would occur if i connect my wallet to it.

Binance is controlling everything.
And they are good in everything they do. On the other hand, this ecosystem  is basically scammers-only... so if someone honest, serious and competent shows up, like Zhao, he really emerge.

I thought binance bought the trustwallet project from its original founders to help its users using the trading platform. Now it becomes much more used as a personal wallet than an exchange interface. Some don't even know that it belongs to binance.

[bitmover]

Now it becomes much more used as a personal wallet than an exchange interface. Some don't even know that it belongs to binance.

And I can see their logo everywhere in trust wallet website.



I saw a link about it:
https://binance.zendesk.com/hc/en-us/articles/360010790652

Binance Acquires Trust Wallet - A Secure Mobile Crypto Wallet
2 years ago
2018/07/31

Fellow Binancians,

Binance has completed the acquisition of Trust Wallet, a secure and intuitive mobile wallet. Through this acquisition, Binance aims to provide a better service and to enhance the safety for all of our users.

About what you said at OP:

I read somewhere that TrustWallet user has access to the private keys of each coin supported by the wallet.

This doesn't happen. Binance or Trust wallet has not access to the keys, which are only stored locally according to their website.

[Odebowa]

Trust Wallet is an easy to use, multi cryptocurrency wallet which can connect with and trade over decentralised exchanges (DEX Wallet support).

The crypto wallet now supports on-wallet staking, allowing users to earn rewards on supported proof of stake (POS) & delegated proof of stake (DPOS) tokens. Users who would like to avoid crypto mining or Bitcoin mining can now use Trust Wallet to earn rewards with regular app updates to support more tokenised cash/stable coins/e-money and cryptocurrencies, whilst users can buy Bitcoin/buy cryptocurrency directly from the crypto wallet with a wide range of payment options available.

Trust Browser is a full-fledged Web3 browser that allows you to interact with decentralized applications (DApp) directly from the crypto wallet app.

[Kaliecious]

so far i use Trustwallet safe. we can exchange various ERC20 tokens at Trustwallet.
What's interesting about this wallet can use the Dapps browser which is very easy to use. but don't use trustwallet as the main wallet because not all wallets are safe

[TanakabZX]

I'm very pleased with trust wallet after I switched from coinomi wallet, so far I haven't heard about any bad reviews, they don't have access to any users private keys, you should atleast have some thing to share if you think binance trust wallet is not safe

[Spaffin]

I started using Trust Wallet as an erc20 wallet for quite some time and I am completely satisfied with the result. I provided quick access to my funds precisely with the help of this mobile application for android without any problems. As for the safety of my funds, I don’t worry at all and my confidence in safety increased after the purchase of Trustwallet by the Binance exchange in 2018. So I believe that this wallet has only positive feedback from users today.

[kceekcee]

Usually, i don't trust in multi-currency wallets. I don't feel that safe if my wallet connects to centralized servers managed by a single entity.  I always prefer manage my crypto savings in their official clients.
Today, i decided to install TrustWallet as it becomes one of the most known wallet after being sold to binance. After a short experience, i was looking for an official ANN thread to ask about few things but found none. This is why i create this topic.

I read somewhere that TrustWallet user has access to the private keys of each coin supported by the wallet. It was required to save a twelve word seed at first creating the wallet, but i didn't find here to find my private keys for eth and bitcoin.
I was surprised that trustwallet supports bech32 addresses but i can't find where to change the receiving address.
In the exchange menu, i was looking to exchange my deposit in eth to btc. I didn't find available eth/btc pairs available. Seems that eth exchange is only available to be exchanged with ERC20 tokens supported by the wallet.

To my understanding, i have faced this type of situation before, and believe me it is quite easy to handle.
Create a multicoin wallet on trustwallet, and save your phrase.

If you need to use a vethor or trx app differently, all you need to do is import your trust wallet seed phrase in those blockchains and you will have your wallet.
For bitcoin, i have not had reasons to test, but for r other blockchains, it works just perfectly.

[litepool.ru]

I started using Trust Wallet as an erc20 wallet for quite some time and I am completely satisfied with the result. I provided quick access to my funds precisely with the help of this mobile application for android without any problems. As for the safety of my funds, I don’t worry at all and my confidence in safety increased after the purchase of Trustwallet by the Binance exchange in 2018. So I believe that this wallet has only positive feedback from users today.

Yes, you can use the trust wallet without fear of anything. I believe their wallet is very secure and it is the best at the moment. I have been using this wallet for over 2 years and still haven't had any problems with it

[WSDN]

so far i use Trustwallet safe. we can exchange various ERC20 tokens at Trustwallet.
What's interesting about this wallet can use the Dapps browser which is very easy to use. but don't use trustwallet as the main wallet because not all wallets are safe

Trust Wallet is now the safest for phone users because this wallet has never been hacked and has been supported greatly by Binance. However, as you say there is no safe wallet in the world besides the Ledger Nano S. hardware wallet. This market has thousands of hackers and if not careful, you will still be attacked as usual so before doing anything that you should consider carefully.

[Byakuga]

Trust wallet is a crypto wallet from binance team, one the most trusted crypto exchange in crypto world, some said the wallet is open source and others said it's close source but I can assure you that this wallet is safe, all you need is your recovery phrase, it works like a charm

[MuhNofa]

instead Trust Wallet is an easy-to-use multi-cryptocurrency wallet that can connect with and trade through decentralized exchanges (DEX Wallet support) ??
and I think the trurst wallet itself menueurt me in my usage of the past few years is very good and safe

[southerngentuk]

so far i use Trustwallet safe. we can exchange various ERC20 tokens at Trustwallet.
What's interesting about this wallet can use the Dapps browser which is very easy to use. but don't use trustwallet as the main wallet because not all wallets are safe

Trust Wallet is now the safest for phone users because this wallet has never been hacked and has been supported greatly by Binance. However, as you say there is no safe wallet in the world besides the Ledger Nano S. hardware wallet. This market has thousands of hackers and if not careful, you will still be attacked as usual so before doing anything that you should consider carefully.

But for sure the Trust wallet will not be easily hacked. I have used it for a long time and have never had security problems with it. In the future, Trust wallet will undoubtedly be one of the leading wallets on mobile

[Tipstar]

Trust wallet is surely a new generation of wallet which would further improve crypto adoption. It's not perfect but it has challenged older multicoin wallets that are either controlling the coins user deposit of ask for an unnatural fee amount to get a cut from the fees. We would soon see much competition in this sector.

[coupable]

About what you said at OP:

I read somewhere that TrustWallet user has access to the private keys of each coin supported by the wallet.

This doesn't happen. Binance or Trust wallet has not access to the keys, which are only stored locally according to their website.

I said that a user of the trustwallet has access to the private keys of the different tokens he owns.
About Binance, they said they don't have access to the keys which are locally stored according to their website. But we should always remember that trustwallet connect to nodes and servers owned by Binance, so no one can verify/confirm if they are really in safe hands. Personally, i don't feel that safe with this kind of wallets so i don't afford to use it with big money.

If you need to use a vethor or trx app differently, all you need to do is import your trust wallet seed phrase in those blockchains and you will have your wallet.
For bitcoin, i have not had reasons to test, but for r other blockchains, it works just perfectly.

This solution was suggested above: https://iancoleman.io/bip39/
It should help to export the private keys you want.

[Chuky92]

I have been using trust wallet and I haven't experienced any sort of issue till date and with my 12 words, I can access my wallets anytime.
To the best of my knowledge, having access to that 12 words will always give you access to the entire wallet addresses trust wallet supports. Also, with its DApp browser it can easily connect to decentralized exchanges; at least till date the wallet is improving everyday reason there are many good reviews about it.