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