What is Trust wallet and is it safe?

[Z390]

There are different types of wallets in the cryptocurrency market. Trust wallet is basically a multi-currency wallet that supports all types of tokens in this wallet.Many investors and holders prefer trust wallets nowadays.Moreover, this wallet is much more secure than other wallets.


I want to know more details about this wallet from you.


Thank you, everyone

Trust wallet is not fully open source from the information I've gathered in the past, some said it's half open source and half closed source so there is no real proof that this wallet is fully open source which is not good for me.

It's the best mobile hot wallet out there but don't use it to store a large number of assets, it's best to buy a hardware wallet, a hardware wallet is the most secure of them all not Trust wallet.

[AB de Royse777]

But those who are big investors and those who are legends use the exchange wallets which are the most secure which are less likely to be hacked.

This shows you have lack of understanding of how to keep you crypto safe. Anyone who have large amount of crypto is never going to keep their coins in an exchange. Instead of giving you the direct answer I would give you some clue to study.

Study about custodial and non-custodial wallets, study multi-sig wallets, hardware wallets, ways to keep your seed/private key safe.

I was following up your topic on meta, to see how you are doing. You need to learn before suggesting others anything.

[Shaha98]

But those who are big investors and those who are legends use the exchange wallets which are the most secure which are less likely to be hacked.

This shows you have lack of understanding of how to keep you crypto safe. Anyone who have large amount of crypto is never going to keep their coins in an exchange. Instead of giving you the direct answer I would give you some clue to study.

Study about custodial and non-custodial wallets, study multi-sig wallets, hardware wallets, ways to keep your seed/private key safe.

I was following up your topic on meta, to see how you are doing. You need to learn before suggesting others anything.

Correct information, I understood from your post. Thank you very much I learned how to actually keep safe.It is better to keep more coils in a safe place. I really needed your help to learn.

[merekamo]

You can use Trust Wallet for storing your coins and tokens. Trust Wallet is basically a multi-currency wallet that supports all types of tokens in this wallet. This wallet is much more secure than other wallets.

I myself think that BSC (BEP-20) only uses MetaMask for storing my tokens. The point is, just adjust it to the chain network that you use, for example if you use SOLANA it means you have to use Phantom Wallets.

[borovichok]

But those who are big investors and those who are legends use the exchange wallets which are the most secure which are less likely to be hacked.

Using top exchanges is not bad and is preferably the most secured ones for storing our coinsand digital assets. I'm not saying that trust wallet is not good to use, but Trust wallet is a non-custodial multi-crypto wallet which gives absolute control to it's user which can store both digital assets from Crypto and NFTs. It's secured with 12 phrases which should be kept discreet from anyone because once a person gets a access to it, he or she have gain full access to your portfolio and if one forget the phrasal keys, that's one big move of been unlucky but those phrases can be recoverable.

[Jawhead999]

Using top exchanges is not bad and is preferably the most secured ones for storing our coinsand digital assets. I'm not saying that trust wallet is not good to use, but Trust wallet is a non-custodial multi-crypto wallet which gives absolute control to it's user which can store both digital assets from Crypto and NFTs. It's secured with 12 phrases which should be kept discreet from anyone because once a person gets a access to it, he or she have gain full access to your portfolio and if one forget the phrasal keys, that's one big move of been unlucky but those phrases can be recoverable.

Not your keys, not your coins. Holding your coins on exchanges is a worst decision and every newbie shouldn't follow your advice!
Even though Trust Wallet is a non custodial wallet and you have a key to access the wallet, but it's closed source which mean the developer can add any malicious code that everyone still don't know until now!

What if they have a code to copy a seed pharse of each user? they can access your wallet without you knowing which person access your wallet.

[Reid]

I don't usually trust any wallet which supports a lot of cryptocurrency and Trust wallet is one of them. But there was a time I badly needed to sell a coin that I accumulated from promoting one campaign and luckily Trust Wallet have it available in their application.
After that, I have been using regularly for buying NFT tokens and using it for mini transaction in the BNB chain although I don't deposit too much just to be safe.
Thankfully, I never had a problem with it yet and that self-browser feature is very helpful connecting with DEX for people who only have access with their smartphones.

[cryptoaddictchie]

Just dont use trustwallet for storing big amount of valuable tokens to avoid being on danger from potential breach or hack.

It maybe famous and popular but its always better to be safe than sorry right? Before I hold some of the tokens here but with careful analysis of the source then its good that we do know what could happen if worse comes to worse.

[GEMIN_M4]

OP If you can say that Trust wallet is more secure than others then you already know more than you should...mind you this is a hot wallet, they are designed for storing some coins that you want to use daily as means of payment and stuff, if your asset is in thousands of dollars it's better to buy a hardware wallet.

[Zanab247]

There may be many crypto wallet in industry but trust wallet is one of best wallet to secure your assets. Trust wallet work in many blockchain so worldwide audience is using this very secured wallet. Trust wallet works on safety vision for traders. I have been using this wallet from 4 years and this app is most successful on my mobile. No harm is using this wallet keeping phrases safe.

Yes, Trust wallet is among the reliable wallet that is well secure for both long term investors and short term investors in the community. Many potential investors that started using trust wallet some years ago in the community, prefer to use the Trust wallet than any other wallet because it hard for scammers to have access to your money in the trust wallet or hack your wallet without your permission. I guess, people will continue using this trust wallet to store their money for future purpose, since it has helped many people to became successful in their investments.

[posi]

I don't usually trust any wallet which supports a lot of cryptocurrency and Trust wallet is one of them. But there was a time I badly needed to sell a coin that I accumulated from promoting one campaign and luckily Trust Wallet have it available in their application.
After that, I have been using regularly for buying NFT tokens and using it for mini transaction in the BNB chain although I don't deposit too much just to be safe.
Thankfully, I never had a problem with it yet and that self-browser feature is very helpful connecting with DEX for people who only have access with their smartphones.

If talking about software wallets, trust wallet and metamask are considered the two most popular and easiest to use wallets. Trust Wallet is developed by Binance exchange itself, so I think it is safe to use, as long as Binance and BSC are developed, we can be safe using their products. I am also using trust wallet for my small assets and to participate in airdrop or NFT I have no problem with it either. Many people are afraid because Trust wallet is closed source but at least it is developed by leading vendors in the market so I believe it is still safe.

[el kaka22]

Maybe it is just me but I still prefer Metaverse a lot more, that is something I would rather see grow bigger in the long run. I know that some people prefer trustwallet because of the UI, but metamask is a lot better, have millions of users, and it is something that is only just a UI that shows your wallet that you own and control, so if your metamask was ever "hacked", it is just the UI and not your wallet that gets hacked and it's fine.

This means that it is the safest one and it is the best solution to this, it’s just a few buttons made easier for you instead of writing code to do stuff. I have used it since it came out, and I have been quite happy with it, much better than trust wallet.

[JunkieMiner]

Trust wallet is a wallet where we store our fund in the form of coins and we create a account in Trustwallet so first we enter our pin code second we save our phrase which is Trustwallet given so we save that phrase without phrase we can't enter our wallet then many people use Trustwallet I can't say that its completely safe but its better wallet and anyone use very easily.

[Wakate]

Sometimes I still don't know why many persons are so addict to trust wallet and keep it has so many users so far that other wallet that also have great feature that Trust. Well I could remember that this wallet became very popular doing Ethereum Smart contract that made many investors to consider it as a good option because of the inbuild browser in it. Till now many investors still prefer it especially the newbies crypto investors that do not know much about wallet and uses.  Since it is preferably by others then it still has some good uses.

[Johnyz]

Trust wallet is a wallet where we store our fund in the form of coins and we create a account in Trustwallet so first we enter our pin code second we save our phrase which is Trustwallet given so we save that phrase without phrase we can't enter our wallet then many people use Trustwallet I can't say that its completely safe but its better wallet and anyone use very easily.

We have the control over our trust wallet and that’s a good one especially if you are going to hold more coins. Well, I also use trustwallet and for years now my funds are still there doing great. Your money will be safe as long as you know how to protect your wallet, and I think there’s no issue yet about hacking with Trustwallet so I assume it’s totally safe, just get the right apps and it should work fine for you.

[nakamura12]

It is a close source wallet which we don't know who might have the data of each wallet or who might have access to all wallets. Try to do some research about close source wallet and open source wallets and know the difference between the two. I have been using Trustwallet for quite some time and didn't notice anything out of the ordinary like someone having access to my wallet. I also use it many times doing transactions but I usually use Trustwallet as a bridge before my crypto are sent to my other wallet. In short, I didn't store my crypro in Trustwallet wallet for too long and if I have received crypto in my Trustwallet then I will send it to my other wallet right away.

[Cryptomiles1]

Trust wallet is one of my favorite app i love using, for the matter of fact since the launched i have been using it till date, no issues no hack or any complainant about the app so it is recommended to use if you feels like or feels your assets will be safe then you can go for it. One thing i love about them is the security aspect, i do includes all the security protections.

[erep]

We have the control over our trust wallet and that’s a good one especially if you are going to hold more coins. Well, I also use trustwallet and for years now my funds are still there doing great. Your money will be safe as long as you know how to protect your wallet, and I think there’s no issue yet about hacking with Trustwallet so I assume it’s totally safe, just get the right apps and it should work fine for you.

I've never had a problem with the truswallet application except that they never protected the wallet to increase the security of wallet access, so the hacking factor occurred because the wallet user error never protected the wallet and even gave an error in providing the private key on the airdrop registration form because they never checked first and many other human error factors. The trustwallet application is a safe crypto wallet application so make sure we protect the wallet and avoid giving wallet access to suspicious sites

[AB de Royse777]

Correct information, I understood from your post. Thank you very much I learned how to actually keep safe.It is better to keep more coils in a safe place. I really needed your help to learn.

coils? :-)
Nevermind I am worse than anyone else with typo LOL

[AakZaki]

Trustwallet is only one of the most popular crypto wallet applications out of many other wallet applications. The use of the TrustWallet Wallet application must of course be supported by good security and knowledge of its users. The wallet application on the smartphone will be very vulnerable to being hacked, especially if the user keeps the private key carelessly. Many complain that their wallets have been hacked, even though they have previously entered a private key on a phishing website or connected to an untrusted Dapps website.
Do not store large and valuable assets in trustwallet wallet applications or other wallets. It is better to use a hardware wallet which is certainly more secure.