Crypto storage Trust Wallet

[ibrahim267]

Is it safe keep my BTC, usdt on Trust Wallet?
I keep my crypto holding on this wallet.
I want to hold ,my holding two year from now.
what your thought?
Also give me strong suggestion .
I don't want to hold hardware wallet like ledger nano wallet ..

[OmegaStarScream]

Why wouldn't you want to keep your funds in a hardware wallet though? That's the safest option.

Anyway, since you you want to hold, then you should go with a paper wallet.

For BTC:

- Just download Bitaddress source code from Github[1], run it offline locally and print the private keys.

For USDT: I'm not sure which network you're using, but if it's any EVM compatible chain, then you should use something like MetaMask to get the private keys and print them as well.

[1] https://github.com/pointbiz/bitaddress.org

[ibrahim267]

Describe paper wallet details plz

[OmegaStarScream]

Describe paper wallet details plz

It's nothing but a private key printed on a piece of paper. It's safer than keeping your funds in a mobile wallet especially if you're going to use that phone on a regular basis.

[mk4]

I don't want to hold hardware wallet like ledger nano wallet ..

If I'm going to guess, you don't want a hardware wallet because you want to use your wallet on your mobile phone. If that's the case, then go for the Ledger Nano X — it has Bluetooth connectivity.

https://shop.ledger.com/products/ledger-nano-x

Seriously, don't sacrifice security for convenience. You're gonna regret it.

[NeuroticFish]

If I'm going to guess, you don't want a hardware wallet because you want to use your wallet on your mobile phone. If that's the case, then go for the Ledger Nano X — it has Bluetooth connectivity.

Actually I can easily use my Ledger Nano S with my Android phone. Only a small adapter is needed for the original cable from Ledger (cable which came in the package with the Nano S).
I find Nano X overpriced and with a risk to get faulty battery.

- Just download Bitaddress source code from Github[1], run it offline locally and print the private keys.

Other options:
* get IanColeman's tool from Git (https://github.com/iancoleman/bip39/releases/latest/) run it offline safely and get a 12 or 24 words seed and an address from under Bip84; write the seed onto paper, at least 2 copies; the address will be the deposit address
* download Tails OS (https://tails.boum.org/) put it onto a stick, boot from it without persistence or anything. Start Electrum, create a new wallet, write down the seed to paper (at least 2 copies top be stored in different locations), copy an address as deposit address (keep in mind though that by default a seed generated by Electrum will work only with Electrum - but in case Electrum dies off there are solutions, so nothing to worry)

[bitmover]

Is it safe keep my BTC, usdt on Trust Wallet?
I keep my crypto holding on this wallet.
I want to hold ,my holding two year from now.
what your thought?
Also give me strong suggestion .
I don't want to hold hardware wallet like ledger nano wallet ..

If you want mobile and you can't afford a hardware wallet, and you want to hold bitcoin AND altcoins,  I suggest that you try blue wallet instead of trust wallet.

https://bluewallet.io/

Trust wallet is closed source and owned by binance. I would stay away.

On the other hand, blue wallet is open source and compatible with android and ios

Edit: bluewallet doesn't support altcoins

[kryptqnick]

I don't want to hold hardware wallet like ledger nano wallet ..

If I'm going to guess, you don't want a hardware wallet because you want to use your wallet on your mobile phone. If that's the case, then go for the Ledger Nano X — it has Bluetooth connectivity.

https://shop.ledger.com/products/ledger-nano-x

Seriously, don't sacrifice security for convenience. You're gonna regret it.

I agree with the point and about Ledger being a very well-trusted company, but if the op doesn't want a hardware wallet, wouldn't you agree that Electrum is totally fine? It's secure, it's non-custodial, and it's convenient. Is there a good argument against using Electrum and opting for a hardware wallet like Ledger instead? To me it seems to be more about personal preference and a sense of safety, but that Electrum is secure enough not to worry about needing even more security.

[Husires]

Is it safe keep my BTC, usdt on Trust Wallet?
I keep my crypto holding on this wallet.
I want to hold ,my holding two year from now.
what your thought?
Also give me strong suggestion .
I don't want to hold hardware wallet like ledger nano wallet ..

Trust wallet is closed source and if Binance goes bankrupt it may have backdoors that pull all the balances since there is nothing to lose at that point.

Servers may stop working or private keys may be sold. All things are contained, as we do not know the codes with which the wallet was written.

If you have a doubt, even if it is 1%, it is better to avoid it.

Stablecoins can be frozen within wallets so you don't keep a large percentage of USDt.

[Lucius]

Listen, if something serves you well for two years and you don't want to pay for something that should be safer (HW), then with all the possible risks that a mobile crypto wallet carries with it, keep using what you believe is a good choice. Personally, I would never use any mobile/desktop wallet to store any larger value, although it would be stupid to say that even HW provides absolute security.

If you have some kind of old computer or mobile phone on which you can disable any access to the internet, I suggest you look at the concept of something called cold storage wallet.

[NeuroticFish]

If you want mobile and you can't afford a hardware wallet, and you want to hold bitcoin AND altcoins,  I suggest that you try blue wallet instead of trust wallet.

https://bluewallet.io/

While BlueWallet is indeed great, open source and multi platform, from what I know it doesn't support altcoins, it's bitcoin only.
This doesn't make it bad (au contraire!), just a correction to what you wrote may be needed.

[eightdots]

Is it safe keep my BTC, usdt on Trust Wallet?
I keep my crypto holding on this wallet.
I want to hold ,my holding two year from now.
what your thought?
Also give me strong suggestion .
I don't want to hold hardware wallet like ledger nano wallet ..

Seriously, don't sacrifice security for convenience. You're gonna regret it.

An investor's priority should be to ensure security. Many alternatives are offered, but your priority should be your safety. So don't risk your safety to be more comfortable.

The safest option is to keep your money in a hardware wallet.

[skarais]

An investor's priority should be to ensure security. Many alternatives are offered, but your priority should be your safety. So don't risk your safety to be more comfortable.

The safest option is to keep your money in a hardware wallet.

I don't know how many bitcoin the OP has so he doesn't consider a hardware wallet one of the safest wallets. But if the OP has $10K - $20K more in bitcoin right now then not having a hardware wallet certainly doesn't make sense. It might be worth saving it in Electrum if it's not much, but it's not recommended to keep it on a device that's always connected to the internet like an android or whatever.

In addition to the advantages of asset security, hardware wallets also support altcoin like USDT, ETH or more, which makes it easy for users to have only 1 piece of hardware to store multiple assets.

[Nwada001]

To me any self-custonial wallet or anything wallet with phrase, and passcode so far as it is not on a centralized exchange. When I have full control over my wallet, I believe my assets are very safe.
Because what the centralize exchanges has made me understand is that the balance we are seeing is equally not our own but what they are owing us.
So it's either hardware wallet or any non-custodial wallet if not don't choose any other form of wallet.

[ajiz138]

Of course it is safe to store crypto assets in TrustWallet, as long as you can maintain the private key properly that is one of the keys because many people have used this wallet and have not had any problems.
Good advice especially if you store crypto for a long time and use a hardware wallet it will make your convenience more valuable than app wallets.
There is a list of 80 hardware wallets that @Ratimov has put together in one thread and there you can see various reviews of the wallets, of course with support for all the altcoins you want.

[1]. [BIG LIST] Hardware wallets (80+)

[Adbitco]

It all depends trust wallet is actually safe I have been using this wallet for long now and I had no issue with it, in as much as you have your seed phrase save and secured and I would advise if not holding for too long then is okay to store your assets. If in a way you wanna hold for about 2 to 6 years then is advisable you used the wallet mentioned by OmegaStarScream and the second person said.

[jossiel]

Electrum has a mobile app if you want to keep it to a mainly focused mobile app like Trust wallet. But that's also only for BTC keeps.

As for your USDT, what chain is that? There are several wallets that you can keep that if you don't want to keep it there like if it's on ERC20, Metamask and MEW would be enough and the risk is on how you'll keep your private key.

Yes, it is very safe and secure to hold your btc and crypto-currencies for long time as you can. It has private key like myethreumwallet. I hold many coins in trust wallet. But don’t loss your private key. If you lost your private key, you lost your coins.

Just to give the idea, TrustWallet is closed source and owned by Binance.

I hope OP someday will consider owning a hardware wallet because it's not just common but one of the best ways to keep your assets.

[GreatArkansas]

Another option is to go on this list: https://bitcoin.org/en/choose-your-wallet
Where you can filter it by what you need like you want it to be android/ios/ desktop with different operating systems and hardware wallets too. It will help you to decide.

About Trust Wallet, I don't like it, because of Binance, Binance is backer of that Trust Wallet and I also don't like that they have their own token (Trust Wallet Token (TWT)) which is don't make sense at all.

[CryptoBuds]

Is it safe keep my BTC, usdt on Trust Wallet?
I keep my crypto holding on this wallet.
I want to hold ,my holding two year from now.
what your thought?
Also give me strong suggestion .
I don't want to hold hardware wallet like ledger nano wallet ..

I have been using Trustwallet for a long time and have not had any problems with it. I use it because it is simply a multichain wallet, very convenient for storing multiple coins at the same time and managing seed phrases is also easier. For now, everything is fine with Trustwallet but it is difficult to say what will happen in the next 2 years, it is a non-custodial but closed-source wallet so in my opinion it should not be chosen for long-term bitcoin storage. If you don't like using hardware wallet, you can use Electrum which is the software wallet in my opinion the safest and easiest to use but it doesn't support altcoins, so you need another wallet to store USDT.

[len01]

Is it safe keep my BTC, usdt on Trust Wallet?
I keep my crypto holding on this wallet.
I want to hold ,my holding two year from now.
what your thought?
Also give me strong suggestion .
I don't want to hold hardware wallet like ledger nano wallet ..

actually the safest is to use ledger nano wallet.
but if you don't want to use ledger another option is you can use Electrum wallet to secure your BTC it is much better compare to online wallets which are on android like trust wallet

Yes, it is very safe and secure to hold your btc and crypto-currencies for long time as you can. It has private key like myethreumwallet. I hold many coins in trust wallet. But don’t loss your private key. If you lost your private key, you lost your coins.

what is the reason you can guarantee the safety of crypto assets stored in online wallets such as trust wallets? is it only for the reason of keeping the private key well?

keeping private keys as a reason for guaranteeing the security of crypto assets is not enough. because online wallets that are always connected by a network like Android are very vulnerable to hacking.
so be careful when storing your crypto assets, save them in the right wallet

[mk4]

Actually I can easily use my Ledger Nano S with my Android phone. Only a small adapter is needed for the original cable from Ledger (cable which came in the package with the Nano S).
I find Nano X overpriced and with a risk to get faulty battery.

This, same thing with Trezor hardware wallets. I just usually default to the Ledger Nano X recommendation because most of the people I know use iPhones.

As for the Nano X being overpriced, I don't blame you if you think it is. Outside of Bluetooth, it has a significantly better build quality — heavier and better buttons and all that.

[Sarah Azhari]

I want to hold ,my holding two year from now.
what your thought?
Also give me strong suggestion .
I don't want to hold hardware wallet like ledger nano wallet ..

You need additional money to buy a hardware wallet.
I've experience held ETH in Metamask for about 3 years, from 2018 until 2021, and never had a problem,
it depends on how you keep it, you only must guard your seed save from online. like me, After creating a wallet in 2018, I closed it, and open it again in 2021.
About bitcoin I never hold it for more than 1 year, I just keep it on electrum, and still save about a year.

[NeuroticFish]

This, same thing with Trezor hardware wallets. I just usually default to the Ledger Nano X recommendation because most of the people I know use iPhones.

Similar adapters most probably exist for each modern modern phone, at a couple of bucks (I've bought MicroUSB and USBC ones at under 1$ back then, but for iPhone they seem to start at 2-3$).
So still no Nano X on my list

As for the Nano X being overpriced, I don't blame you if you think it is. Outside of Bluetooth, it has a significantly better build quality — heavier and better buttons and all that.

Don't forget the bigger memory, i.e. space for more shitcoins' apps. Convenience is never cheap and I do understand the iPhone people prefer convenience, even if it's more costly

[mk4]

You need additional money to buy a hardware wallet.
I've experience held ETH in Metamask for about 3 years, from 2018 until 2021, and never had a problem,
it depends on how you keep it, you only must guard your seed save from online. like me, After creating a wallet in 2018, I closed it, and open it again in 2021.
About bitcoin I never hold it for more than 1 year, I just keep it on electrum, and still save about a year.

You're safe until you make a major fuckup. Yes, you need to spend money to buy a hardware wallet, but a Ledger Nano S Plus is like $80 or something. Like, if you think that your bitcoin will be worth far more in the future, $80 is nothing — unless you're currently holding something like $200 worth of coins.

[Solosanz]

You need additional money to buy a hardware wallet.
I've experience held ETH in Metamask for about 3 years, from 2018 until 2021, and never had a problem,
it depends on how you keep it, you only must guard your seed save from online. like me, After creating a wallet in 2018, I closed it, and open it again in 2021.
About bitcoin I never hold it for more than 1 year, I just keep it on electrum, and still save about a year.

It's all safe and never had any problem until the developer turn become a scammer or there's a new virus that can be easily affected in someone device and the fraudster has gain full access on that's device. It's similar I leave my coins on FTX for a year, never had any problem until CZ make a drama and FTX bankrupt. That's why it's better to be safe than sorry because there's no way to correct your past mistake, anyone should learn to buy hardware wallet to secure his coins.

[fuguebtc]

It's strange that you refuse to store bitcoins on a hardware wallet because it's the most secure solution we have today, hardware wallets are not so expensive that you hesitate to own them. It shouldn't be a problem for you to store them using Trustwallet but for extra security I still recommend using a hardware wallet, it's more secure than all the software wallets out there.

It's similar I leave my coins on FTX for a year, never had any problem until CZ make a drama and FTX bankrupt.

You are blaming CZ for FTX problem, if you want to blame then I think you should blame SBF, because if he has no problem or not at fault no one can retort or blame him.

[Ryker1]

^[snip]
what your thought?
Also give me strong suggestion .
I don't want to hold hardware wallet like ledger nano wallet ..

Our thought?
You have been suggested on the first page that you need to buy a hardware wallet if you are intended to hold your coin in the long run. We know that Trustwallet is an open-source wallet but it does not mean you will trust them, it is better to input on a hardware wallet or paper wallet but I will not suggest this wallet if you don't have experience creating this --technically error was the most problem when using this wallet that will perhaps a result of losing your coin. Ledger and Trezor wallet would be a good choice.

[xzy887]

Is it safe keep my BTC, usdt on Trust Wallet?
I keep my crypto holding on this wallet.
I want to hold ,my holding two year from now.
what your thought?
Also give me strong suggestion .
I don't want to hold hardware wallet like ledger nano wallet ..

If you want, you can keep your BTC, USD in trust wallet for 2-3 years or more without any problem. But you have to remember that all provide a private key during trust wallet security and without that private key it is not possible to improve the wallet. And if you want to hold USD in trust wallet then you must keep wallet private and secure.If you somehow lose the trust wallet private then you lose your wallet. And you can't get your BTC and USD back in any way. Since you are planning to hold your USD for 2-3 years, you should write the trust wallet private somewhere for safekeeping or security. Because I think you can never remember your private keys for so long.

[ice18]

Trust wallet is a non-custodial wallet meaning they dont keep or saved your private keys so its totally safe since they dont know it, just keep your seed/keys into something safe from others and only you can access or trusted person you want, I have been using this wallet for almost a year now and I got no serious issues so far.

[mk4]

It's similar I leave my coins on FTX for a year, never had any problem until CZ make a drama and FTX bankrupt.

Look. If a Tweet from a certain person can cause an exchange to collapse, then it means that the exchange wasn't in a great position in the first place.

[albon]

Is it safe keep my BTC, usdt on Trust Wallet?
I keep my crypto holding on this wallet.
I want to hold ,my holding two year from now.
what your thought?
Also give me strong suggestion .
I don't want to hold hardware wallet like ledger nano wallet ..

Electrum, Atomic Wallet, and Exodus. These three phone wallets are among the best options for me. They are characterized by a simple interface and great security. They are better than the wallets of the exchange platforms. I advise you to use them on your own phone away from your personal phone and do not download any cracked applications or from unknown sources on the phone that contains the wallets. I have used these wallets for almost several years and have never had any problems, You just have to keep the private keys and seed phrases in a safe place.

[Iranus]

Trust wallet is a non-custodial wallet meaning they dont keep or saved your private keys so its totally safe since they dont know it, just keep your seed/keys into something safe from others and only you can access or trusted person you want, I have been using this wallet for almost a year now and I got no serious issues so far.

Trustwallet is a non-custodial wallet but it is the closed source not open source like other wallets, that's why many people don't want to use it. It was a product of Binance, of course, nothing happened now, but if Binance had trouble in the future, Trustwallet's ability would have a problem. And we cannot know what the developer will be able to do with our money because they are the source controler, they can adjust to their will.
You can use Trustwallet to store assets but should not use them to hold Bitcoin for a long time, you should choose an open source or hard wallet.

[_BlackStar]

Trustwallet is a non-custodial wallet but it is the closed source not open source like other wallets, that's why many people don't want to use it. It was a product of Binance, of course, nothing happened now, but if Binance had trouble in the future, Trustwallet's ability would have a problem. And we cannot know what the developer will be able to do with our money because they are the source controler, they can adjust to their will.
You can use Trustwallet to store assets but should not use them to hold Bitcoin for a long time, you should choose an open source or hard wallet.

There are some good guidelines for anyone looking to keep their assets safe for the long term. If they are reading this thread then there are some recommended wallets for Android and iOS users. If they want to be more secure, hardware is one of them.

Instead of TrustWallet, android users are better off using BlueWallet, Electrum or Unstoppable wallet. Some of these wallets can be categorized as safe for storage compared to TrustWallet.

[Sarah Azhari]

Trust wallet is a non-custodial wallet meaning they dont keep or saved your private keys so its totally safe since they dont know it, just keep your seed/keys into something safe from others and only you can access or trusted person you want, I have been using this wallet for almost a year now and I got no serious issues so far.

Sometimes they don't take action if only small money inside, If you think it's safe with that money there, then you will add and deposit more money, and after that, the scammer begin to take your money and you will surprise because (you thought it was safe). Just be careful, don't believe 100% in what you thought it's safe.

[Marvell1]

Trust wallet is a non-custodial wallet meaning they dont keep or saved your private keys so its totally safe since they dont know it, just keep your seed/keys into something safe from others and only you can access or trusted person you want, I have been using this wallet for almost a year now and I got no serious issues so far.

Sometimes they don't take action if only small money inside, If you think it's safe with that money there, then you will add and deposit more money, and after that, the scammer begin to take your money and you will surprise because (you thought it was safe). Just be careful, don't believe 100% in what you thought it's safe.

The only downside to Trustwallet is that it is closed source, which raises concerns that developers could change anything without our knowledge. It can be said that Trust wallet is now very safe, no one has trouble using it and it is really close to users with simple interface and operation. But we won't know what the future holds when Trustwallet's parent company crashes, that's Binance, a centralized exchange. As FTX, once they crash, their whole ecosystem collapses, which is very disturbing. You should only use non-custodial open source wallets.

[glendall]

I don't want to hold hardware wallet like ledger nano wallet ..

I know you have certain reasons don't want to use a hard wallet right ? .
but actually saving hardware funds is safer than anything, it's just that we have to provide additional money to buy the tool,
maybe nano is too expensive for you but try to use one that suits your wallet like safepal can be an alternative to other hard wallets

[_BlackStar]

Sometimes they don't take action if only small money inside, If you think it's safe with that money there, then you will add and deposit more money, and after that, the scammer begin to take your money and you will surprise because (you thought it was safe). Just be careful, don't believe 100% in what you thought it's safe.

In crypto something like this can happen at any time and as is the case with many current FTX users there is definitely lesson to be learned. Secure doesn't mean guarantee, meaning you remain responsible for yourself and the safety of your assets regardless whether you store them in non-custodial wallet, hardware or custodial wallet.

Users are still primarily responsible for their assets, but if they have good security practices and standards for the security of their assets then they will definitely practice them. After all, it is never recommended that you store them in one basket, meaning that you have several storage wallets.

[Artem Sereda]

Actually, you made a good choice. Trust Wallet is quite reliable. Of course, you can consider other proposed options, but I personally don’t see much point in this since technically I don’t see much difference in security.