Is Trustwallet Safe?

[ShafixNero]

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 ♡

[Charles-Tim]

Getting a hardware wallet or having cold/offline storage wallet is the safest. Online or hot wallets are more vulnerable to online attacks. Trustwallet is an online wallet.

Trustwallet is also close source. You do not know what Trustwallet developers are doing behind. I can not advice anyone to use close source wallet.

Never leave high amount of funds on online wallets.

For safety, get a reputed open source hardware wallet.

[Z-tight]

I'm currently using Trustwallet to store my cryptocurrencies.

Trustwallet may be good for small amounts you many need for quick spending, that is if you are someone that spends crypto often, since it is a mobile wallet, it would make things easier for you to send out crypto through your mobile phone.

But if you are storing your coins for a long time, and your crypto is of a huge amount, then it is a no to use Trustwallet to store it, hot wallets are very risky, you can easily be attacked by clicking the wrong link, or falling for the wrong mail, store your funds offline in that case, you either buy a hardware wallet, or you can use electrum as a cold storage: https://electrum.readthedocs.io/en/latest/coldstorage.html

[Beefcake]

As Z said, electrum seems to have a very good reputation. As far as trust wallet, I don't know anything about it, but I don't like the name. Would you go to a dealership named "honest guys car dealership?" If they have to put it in the name, it probably isn't true. Maybe I'm just being silly, idk, but I don't trust them.

[jackg]

Every wallet can be targeted if you don't use them properly (same goes for hardware, although most of what you have to do with hardware is decide if you initiated the transaction and if it's as you expect - although there are still some issues with smart contract signing afaik).

Trustwallet is about as secure as metamask though and depends more on your computer's security than hardware would. If you are only using it for small amounts then it's safe enough.

If you're storing high values of many tokens it would be safer to have multiple hardware wallets with different wallets/passphrases to ensure you won't get scammed when signing erc20 transactions and similar. If you're working with a few altcoins but they're of lower value, using a mix of trusted wallets is probably the most secure way (and perhaps a hardware wallet for things you're less likely to spend or for coins you need larger amounts of - for fees - like bitcoin or ethereum).

[hosseinimr93]

As far as trust wallet, I don't know anything about it, but I don't like the name. Would you go to a dealership named "honest guys car dealership?" If they have to put it in the name, it probably isn't true. Maybe I'm just being silly, idk, but I don't trust them.

You are right that you shouldn't trust trustwallet, but that's not due to the name. That's because trustwallet is close-source and we don't know how the keys have been generated and whether they are stored on their server or not.

Trustwallet is about as secure as metamask though and depends more on your computer's security than hardware would.

Metamask is open-source and much more trustworthy than trustwallet.

[Rruchi man]

Can people hack my trustwallet?
Is it safe?

Safety can be relative and dependent on personal efforts. Asides the danger of online hackers and cyber criminals there is also the danger of offline criminals who may be disguised as friends and you maybe may become very unsuspecting towards. Trust less and make a conscious effort to protect any device housing any of your wallet from plenty hands. Tell less persons about your involvement in crypto unless on rare occasions and when it is completely important, because mentioning that you are into crypto to some individuals is often misinterpreted to mean that you have so much money.

[Cantsay]

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 ♡

@Charles-Tim, @Z-tight and some others already suggested that you should consider getting hardware wallet or offline storage wallet.

But since you asked about Trust Wallet I will share with you some tricks and precautions that's might reduce the risk of your trust wallet getting hack.

If you're the lazy and greedy type then the chance of your account getting hacked is high. Because scammers tend to get some users by enticing them with some too good to be true offers. Let's say you participated in an airdrop and after some time you received and email or a notification asking you to claim some additional token worth more than $500 and it gives you a convincing writeup as to why you were selected, during the process of claiming the token you were asked to connect your wallet by inserting your secret phrases what will you do?
ye! I know the story is unrealistic but let's just assume something like this ever happens what will you do?
I know you might be tempted to just insert it and claim your free tokens but in the process your secret might get stolen.

Here are some useful tips:^{I know you might heard it a thousand times}

• Never expose your secret phrases no matter what. just as the name implies secret phrase should be kept private.
• If you ever want to participate in any airdrop whatsoever make sure you create a new account. though it's not advisable since you tend to get token with close to zero value.

Here's a trick that could help you keep your Wallet safe even more. I read about it some time ago and I've been applying it ever since. I'll share my pattern with you but you'll have to figure out any pattern that works well for you.

Trust wallet always have 12 secret phrases and we all have the habit of always writing them out and storing them in their correct arrangements, which means if a scammer even get his hands on them it will be easy for them to get access to your wallet.

instead of storing the phrases in their correct arrangements why don't you do some rearrangement before you store them? you could take the last 6 words and place them at the first position and place them in the first position while the first six will be at the last postion, you could also arrange them to your taste.

here what I mean; let's assume the following phrases belongs to an account:
Car  Father  Tower  Curtain  Bitcoin  Smile  Touch  Elbow  Blanket  Window  School  Rainbow

instead of storing in the above format you could swap some words before you store them. like this.
Elbow  Blanket  Window  School  Rainbow Car  Father  Tower  Curtain  Bitcoin  Smile  Touch
(I moved the last six words to the front while the first six to the back)

or this swapping two closest words.
Father Car  Curtain  Tower  Smile  Bitcoin Elbow  Touch    Window Blanket  Rainbow  School

If it's 12 phrases rearranging it means that out of 479,001,600 only 1 is the correct combination while if it's 24 only 1 out of 620,448,401,733,239,439,360,000 Is your combination. but you have to remember your pattern so that you won't have to try 479,001,600 different times.

Just be careful how you use your wallet.

[FinneysTrueVision]

Trust Wallet is a good wallet for mobile devices. It has support for many altcoins and that's why it is popular. It is the main wallet I use for Binance Smart Chain tokens. If you are interested in staking and defi it is a good wallet and should be safe enough for everyday use. You can lock the wallet with your fingerprint or face if you need the extra security.

[hosseinimr93]

instead of storing the phrases in their correct arrangements why don't you do some rearrangement before you store them?

You should never trust your memory. It's possible that you forget the correct order of the words at any time.
Forgetting simple things is usually normal for a human and I am sure it has happened to most of us.

[sheenshane]

Trust Wallet is a good wallet for mobile devices. It has support for many altcoins and that's why it is popular. It is the main wallet I use for Binance Smart Chain tokens. If you are interested in staking and defi it is a good wallet and should be safe enough for everyday use. You can lock the wallet with your fingerprint or face if you need the extra security.

I never considered good wallet those mobile wallets, Trustwallet is a closed-source wallet and we didn't know what's doing in their operating system, not like the open-source wallets we can always check their libraries.  In closed-source wallets like Trustwallet for example, it could be there's malicious or it could be due to an outdated system there could be a bug that can be exploited by those scammers that are very crucial to use and should not be trusted.

There's nothing good wallet aside from hardware wallets or ope source operating system wallets.  Electrum for Bitcoin is enough and Metamask for altcoins.

[PX-Z]

For multicrypto wallet, yes, trustwallet can be trusted and safe ^{(that's for me as you will find others will say different because it's closed source, etc.)}, i'm using it for several years already.
But for stacking bitcoin i stick on electrum for desktop and mycelium for mobile.

But for total safety, hardware wallet such trezor and electrum is your best choice. But of course it still depend on the user's practice.

[pooya87]

But since you asked about Trust Wallet I will share with you some tricks and precautions that's might reduce the risk of your trust wallet getting hack.

Considering that Trust wallet is closed source, even if you use it completely offline you may still not be safe.

instead of storing the phrases in their correct arrangements why don't you do some rearrangement before you store them? you could take the last 6 words and place them at the first position and place them in the first position while the first six will be at the last postion, you could also arrange them to your taste.

You should never try to invent your own "encryption" mechanism because most of the times they don't provide you with any meaningful security and you would be running the risk of not being able to recover your keys ever again. For example if you forget your "scrambling method", you'd be forced to brute force it by checking 479 million permutations.

[dansus021]

everyone already said that the safest is by using cold wallet and yes is very true

but I am user of truswallet it work great but yes I'm not hold lot of money since i don't have lot of money hahah but the app is great is like I'm already using it for 2 years for Dapp transaction and using multiple chain so far so good

but if you want safe a lot of money offcouse I'm still recommendation to save it on cold storage

[o_e_l_e_o]

instead of storing the phrases in their correct arrangements why don't you do some rearrangement before you store them?

This is a separate issue to the fact that Trust wallet is a bad wallet choice, but this is also a bad back up method. Scrambling a 12 word seed phrase does not add any additional security, and a good attacker would be able to crack any scrambling that you do in a matter of minutes. What is more likely is that you forget the true order of the words and inadvertently lock yourself out of your back ups.

You can lock the wallet with your fingerprint or face if you need the extra security.

Biometrics are not safe and are easy to spoof/hack. If you want a secure locking mechanism for some software or app, then you must use a PIN or password.

[passwordnow]

Any wallet can be hacked if you're not careful enough in keeping your private keys. But talking about open/close source, if a wallet is a closed source then most people won't want to keep their stack there. Those people that are aware of how they should keep their funds in such wallets would likely not keep all that they have with TrustWallet. But if they do, then it's the minimal that they can set on it because they don't trust wholly it and would choose better wallets like hardware wallets which is always the recommended one.

[Lagduf]

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 ♡

People can hack your trust wallet if you are not carefully to install any app in your handheld. It can be hacked if you are installing suspicious app that can hijack your phone and steal your data. You must not also blatantly connecting your wallet to the suspicious site or your money will be stolen by hacker.
The only best thing never try to deal with any suspicious wallet to make sure if your wallet will be safe

[bitzizzix]

As far as security features are concerned, of course, I think Trustwallet provides adequate security measures to ensure protection similar to that of any hardware wallet.
and Trustwallet keeps user funds safe by performing regular audits, the app also monitors several other security measures such as pin code scanning and fingerprint scanning to add an extra layer of security. And those steps can be manually activated by users as per their business requirements.
and all depends on what you are basically looking for and your needs and preferences, and some people may prefer Trust Wallet, and some may prefer MetaMask, it depends on preference.
and so far there is no official news if the entire Trustwallet platform is hacked, maybe the device they are using has been hacked. And for MetaMask not easy at all, MetaMask has a lot of security features that make it quite safe.

[Jawhead999]

the average wallet has its own security as well as trust wallets. This wallet is actually very popular, this means that many people believe in this wallet even myself. the thing we have to avoid is to be on guard, to be careful in transacting and entering web dapps. additional security try activating 2fa in wallet.

Activating 2FA is useless if your wallet already got hacked because the hacker can bypass the 2FA security.

I think everyone already know how to protect their wallet, the basic thing e.g. not share seeds, not connect random dapps, not clicking random links etc. But when we're talking about the hack not because from user negligence, it's depends on the code and the developer. In this part we don't know the code which raise a vulnerability if the wallet could be hacked.

[mdzahed134]

I think trust wallet is the most popular cryptocurrency wallet in this time, because it’s backed by Binance exchange. And here supported a multi chain of tokens, specially it’s reputed for the binance smart chain (bep-20) tokens. I think it’s enough safe wallet but if it’s a online wallet, so you have to be careful to protect your wallet as like don’t try to sell spam/scam tokens if you will receive.