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Author Topic: Is Trustwallet Safe?  (Read 1234 times)
len01
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October 05, 2022, 05:20:42 AM
 #41

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 ♡
At present TrustWallet is a very popular wallet. I myself am using TrustWallet.It is a very secure wallet. I don't see any possibility of hacking here and never heard of hacking.You can use it without doubt and without worry. A multi-wallet. Here you can avail various benefits.But some guidelines are that you keep its private phase in a very private place that no one can find out and hack.If you can do this then your account will be completely safe and there will be no possibility of hacking and it will be completely safe.
every online wallet still has a chance to be hacked by the hackers out there in all their ways. i admit that online wallets like TrustWallet have strong security but only for small transactions. because there is still a vulnerability to theft or break-in from hackers who might be able to infiltrate the wallet.
so that everyone here would definitely suggest that if you want to store large crypto assets, it is better to store it in a hardware wallet that has been recommended by several members on this forum.
be careful to choose a wallet to store your assets or big money

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October 05, 2022, 04:52:56 PM
 #42

Trust wallet has been tested as a good and safe wallet, they are supported by companies that have a good reputation so that it makes me optimistic to store assets in the Trustwallet, besides that Trustwallet has a long -term vision and is proven to have presented Trustwallet Token.
Cryptowallet providers generally provide maximum assurance on the use of their wallets, but some times there have been reports of hacks. We know that The Federal Deposit Insurance Corporation does not accept any insurance regarding it, on the other hand many government agencies, including the FDIC, are collecting information and considering future legislation. But at the moment if i refer any wallet that would be cold storage wallet which is most useful. If one keeps their assets in this wallet then it will be safe.

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October 05, 2022, 06:01:09 PM
 #43

Yes Trustwallet is very safe and more secure and it is also very easy to use it have many security options like biometrics and others. So trustwallet is safe. The all the security in your hands. It depends on you how You handle it.
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October 05, 2022, 06:12:36 PM
 #44

Yes Trustwallet is very safe and more secure and it is also very easy to use it have many security options like biometrics and others. So trustwallet is safe.

Just because you've used Trust wallet in the past to make some transactions and it worked fine for you doesn't make it safe and secure. You should know that trust wallet isn't a open source wallet which means that you don't have not even a single about what the devs are doing at the backend.

It's not advisable to use Trust wallet to hold large amount of your coins or tokens.
If you're looking for a more secure means then you should consider getting hardware wallet or cold wallet that works without the internet.

Quote
The all the security in your hands. It depends on you how You handle it.

Pure bullshit.
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October 05, 2022, 06:37:02 PM
 #45

Control is in your hands, the security of your wallet is also your responsibility. Moreover, the crypto world is very difficult to catch the hackers. No wallet is safe if we carelessly guard it, so my point is that we are all the same wallet if you compare Trustwallet and Metamask
Absolutely right, online wallet is not 100% safe just you have to avoid to click any suspicious links, i'm using Trust wallet for the several years but i didn’t noticed any problem specially with trust wallet. I think comparatively trust wallet is more familiar then metamask, that's why i stopped to use Metamask. 

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October 06, 2022, 06:22:14 AM
 #46

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 ♡

I also use Trust wallet because it has Multiple Chain Wallet. Few months ago, Fake Trustwallet will be launch and newbies can use this wallet and if receive any funds it will be hacked. You can use Official Trust wallet app and it's Download 10M+. In my opinion it is too safe and also Metamask

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October 06, 2022, 06:49:35 AM
 #47

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.
Storing crypto on online wallets is acceptable if it is a small amount for current expenses. Therefore, I would not completely trust the trustwallet and keep a large amount on this wallet. At any time, the owners of the online wallet can block the account, like the most ordinary bank. Online wallets have the disadvantages of a traditional financial system without the advantages of cryptocurrencies. It is better to store the main savings using hardware wallets of well-known and trusted companies. Most recommend using open source, but you can also use closed source, since there have not been any unpleasant incidents with this yet.

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October 06, 2022, 06:50:44 AM
 #48

Keep your cryptocurrency funds secure crypto wallet security is crucial for holding and investing in cryptocurrencies as more people use and invest in crypto having a safe wallet is crucial not all crypto wallets are equal the most popular metamask only supports ethereum based tokens but trust wallet's multi coin support is unmatched in addition to crypto storage Trust wallet offers purchasing staking and swapping it's versatile wallet app but it's not secure it's best for transactions not storage Trustwallet is as secure as Metamask but relies more on computer security than hardware small doses are safe if you're storing a lot of tokens use multiple hardware wallets with different wallets and passphrases to avoid getting scammed when signing erc transactions.

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October 06, 2022, 07:13:22 AM
 #49

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?

As far as i know, Trustwallet is the official wallet solution from Binance. So i would guess that trustwallet was tested heavily for bugs or possible loopholes for hackers, so i would say that trustwallet should have the same level of security than metamask. That being said, trustwallet is a software that you have on your phone or on your pc as a browser extension and this means there is definitely the possibility that it gets hacked and that you funds will get stolen, but that possibility is pretty small in my opinion.
As others in this thread have already said, if you want maximum security for your tokens or coins then you should use a hardware wallet like ledger or trezor.

Even if how safe they or even trusted ones still there might be a loophole for hackers to penetrate and we need to be careful on those possible attacks so that we will not get any problem for using that wallet. I'm using metamask for long time but so far for my experience using it didn't much encounter any major issues.

Of course software wallets cannot be more secure than hardware wallets, but software wallets like metamask or trustwallet are safe enough to use in my opinion. How safe it is depends on who uses it, most cases of attacks or unexplained asset loss are due to user error, not wallet fault. A lot of people also use online wallets for years and never have a problem, but there are also many people who get hacked often. If you are knowledgeable and know how to protect your assets well then you don't need a cold wallet but if you are not good at it, a hardware wallet is the best solution for you.

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October 06, 2022, 10:49:34 AM
 #50


Even if how safe they or even trusted ones still there might be a loophole for hackers to penetrate and we need to be careful on those possible attacks so that we will not get any problem for using that wallet. I'm using metamask for long time but so far for my experience using it didn't much encounter any major issues.

Of course software wallets cannot be more secure than hardware wallets, but software wallets like metamask or trustwallet are safe enough to use in my opinion. How safe it is depends on who uses it, most cases of attacks or unexplained asset loss are due to user error, not wallet fault. A lot of people also use online wallets for years and never have a problem, but there are also many people who get hacked often. If you are knowledgeable and know how to protect your assets well then you don't need a cold wallet but if you are not good at it, a hardware wallet is the best solution for you.
There are always loopholes for wallets like trustwallet to be hacked. Usually the thing that often happens is that hacks start when they send spam tokens or coins, that is something that happens very often. Access to our wallet can be done if we make transactions with the tokens or coins they sent earlier (spam coins). I personally have been using trustwallet and metamask for a long time and so far nothing has happened. I've also received tons of tokens or coins that I don't recognize, but as long as we just ignore them nothing will happen.

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Maestro75
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October 06, 2022, 11:10:11 AM
 #51

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.

 Grin that is very funny the way you put it in there with the dealership thing. I would suspect them too based on their name like you said but I think because Binance is backing it alot of people trust it based on Binance. That was how it won my trust the first time I learnt about it. And since then I have not had any regret using it. When people talk about wallet security they have to also know that alot of it depends on the person using it. If you are careless about the security of your wallet you can endanger it by mistakenly exposing it.

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October 06, 2022, 11:20:31 AM
 #52

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 ♡
I'm using trushwallet like almost 2 year, and im don't have problem with them, maybe the real problem is you can't open them with your PC because they don't have browser extension or sofware for PC yet, i hove they develope that feature so we can accest trust wallet with phone or with PC without problem.

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October 06, 2022, 05:45:40 PM
 #53

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 ♡
I've been using Truswallet since 2020 and until now Truswallet is still very safe,
I really like Truswallet because it's very easy to use and even supports wallet connect,
so don't hesitate to use Trust Wallet, backup your passphrase and dont forget if you want your wallet to be safe.

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October 06, 2022, 06:04:57 PM
 #54

One thing you must do to keep your TW safe is to keep your mnemonic phrase out of reach and also be very careful with the smart contract you interact with.

I have been using TW for a very long time now, and I have never had issues with my wallet. And there are many others also who can say the same.
 If you're careless, your wallet will be hacked.
Never be tempted to save your password, key phrase in your email.

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October 06, 2022, 11:36:29 PM
 #55

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 ♡
Trust Wallet is a very popular wallet these days. It has gained a lot of popularity in the world today.At one time, all the wallets that people used were not very secure and most of the cases were hacked.But I have not heard any hacking news of this trust wallet. I think this trust wallet is very security complete.But whoever uses it has some precautions, he must place the private phase in a good place so that no one can steal it.True Trust Wallet is very secure.

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October 07, 2022, 08:06:02 AM
 #56

It is always safer to keep your digital assets in cold wallet. At least keep the vast majority of your assets in cold wallet and use trustwallet type of wallet providers for your low amounts imo.

Just for a thought, I never trust a company that has "trust" in its name lol Grin
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October 09, 2022, 07:35:13 AM
 #57

Control is in your hands, the security of your wallet is also your responsibility. Moreover, the crypto world is very difficult to catch the hackers. No wallet is safe if we carelessly guard it, so my point is that we are all the same wallet if you compare Trustwallet and Metamask
Agreed even centralized exchange site that was implementing higher security to secure the funds can be exploited or hacked. there's no safe place in the crypto. If OP didn't care with his money and then he will lose his money easily. Our responsibility has become the main key to keep our money safe from hackers or any scammers in the crypto. There are so many scammers around crypto.


Absolutely right, online wallet is not 100% safe just you have to avoid to click any suspicious links, i'm using Trust wallet for the several years but i didn’t noticed any problem specially with trust wallet. I think comparatively trust wallet is more familiar then metamask, that's why i stopped to use Metamask. 

The security of our funds is our full responsibility that is the law in the crypto world, I think we all agree with that. That's why you shouldn't be reckless in the crypto world and don't be easily tempted
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October 09, 2022, 07:48:49 AM
 #58

Based on my experience, all personal wallets are safe to use, because they are equipped with keys and phrases. But what is dangerous is when we use our personal wallet and then connect to some dangerous sites. This is what can hack our wallet
Correct, normally trust will never hacked if we didn’t any mistake as like if we don’t connect our personal wallet to any scam/pishing sites, it’s totally up to you about wallets security. I didn’t heard trust wallet is hacked without wallet owners concern i mean it might be connected with any scam site.

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October 09, 2022, 09:11:16 AM
 #59


Even if how safe they or even trusted ones still there might be a loophole for hackers to penetrate and we need to be careful on those possible attacks so that we will not get any problem for using that wallet. I'm using metamask for long time but so far for my experience using it didn't much encounter any major issues.

Of course software wallets cannot be more secure than hardware wallets, but software wallets like metamask or trustwallet are safe enough to use in my opinion. How safe it is depends on who uses it, most cases of attacks or unexplained asset loss are due to user error, not wallet fault. A lot of people also use online wallets for years and never have a problem, but there are also many people who get hacked often. If you are knowledgeable and know how to protect your assets well then you don't need a cold wallet but if you are not good at it, a hardware wallet is the best solution for you.
There are always loopholes for wallets like trustwallet to be hacked. Usually the thing that often happens is that hacks start when they send spam tokens or coins, that is something that happens very often. Access to our wallet can be done if we make transactions with the tokens or coins they sent earlier (spam coins). I personally have been using trustwallet and metamask for a long time and so far nothing has happened. I've also received tons of tokens or coins that I don't recognize, but as long as we just ignore them nothing will happen.

The trustwallet itself has never had problems so far, most of the problems are due to user error but that also doesn't guarantee that it won't be hacked in the future. If you don't have a hardware wallet, split your assets into different wallets.

It's your fault when you frequently get spam tokens, not trustwallet or metamask's fault, if you use a hardware wallet and you use that address to participate in airdrop campaigns or publicize on social media, you will still receive those spam tokens. The best way is to keep the main wallet away from unnecessary connections and transactions, use it only for storage, you will never get those tokens.

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October 09, 2022, 09:47:32 AM
 #60

Based on my experience, all personal wallets are safe to use, because they are equipped with keys and phrases. But what is dangerous is when we use our personal wallet and then connect to some dangerous sites. This is what can hack our wallet

The safety of a wallet doesn't just depend on the secret phrases alone you should also consider other factors like if the developers are really transparent or not.
If it turns out that the wallet is a close source your funds could be in grave danger because you don't know what's going on behind the scenes.

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