For greater control and security, we consider managing our crypto in a personal crypto wallet instead of leaving it on CEXs. To interact directly with blockchains and manage crypto, we need a crypto wallet application. In the past, I used the MEW website for Ethereum account management. Since 2020, I've preferred mobile apps, specifically TrustWallet on iOS. I still rely on it on my old iPhone for occasional crypto trades.

While I've enjoyed using TrustWallet as a regular user - it's fast, user-friendly, and supports a wide range of blockchains ^[1] - recent security concerns require attention: SECBIT Labs, a security research firm (not affiliated with the SEC), identified a potential vulnerability in TrustWallet's iOS app. This issue allegedly stemmed from code using functions meant only for testing. These functions could have generated weak private keys, making it easier for attackers to steal crypto from affected accounts. The timeframe in question is for wallets created between February and August of 2018 ^[2].

While I'm glad I missed the 2018 TrustWallet vulnerability, it raises concerns about potential unknown issues. After all, even established hardware wallets like Ledger had problems recently ^[3].

While I've been a loyal TrustWallet user, recent events have prompted me to diversify my crypto storage. I'm trying out SafePal on iOS for additional security. Hardware wallets have also piqued my interest, and I plan to research and invest in one soon using some of my uptrend gains. There's no denying the convenience of mobile crypto wallets, but it's a trade-off for the enhanced security hardware wallets offer.
I would like to know your views on crypto wallets:

• Are you using TrustWallet? Will you continue to trust TrustWallet?
• Are you using other crypto wallet apps?
• Is a hardware wallet really necessary for your crypto investment?

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References:
[1] Trust Wallet Review 2024 – Everything You Need to Know
[2] Old Trust Wallet iOS vulnerability from 2018 may still affect some accounts
[3] What We Know About the Massive Ledger Hack

Despite the advertisement of being open source. Trust wallet is really close source. They are also project by Binance which is a centralized exchange that wants to control user data.

I don’t trust them to hold my crypto savings but I’m still using it for my temporary transaction such as for trading purposes. But in general trust issue, I don’t but I have no choice since Metamask is the same while Trustwallet is more user friendly.


Yes, Hardware wallet and metamask as an alternative to this wallet depending on what device I’m using.


Super necessary since you can’t trust a wallet that is not an air gapped especially for your assets that you hard earned. You should invest on better quality wallet for security purposes because all your money is worthless no matter how big it is if stolen later on.

NOTE: Ledger has had its problems, but it's not comparable, and definitely not justifiable to not use a hardware wallet because of it. The Ledger hardware wallets are still safe and secure — as the "breach" (more of an exploit) was on the UI-side. You're still fine as long as you didn't blindly confirm transactions the Ledger device.

Trust wallet have been in existence for some years now,and a lot of people prefer using trust wallet to reserve most of their coins and as well they also use it to receive coins from most of this projects,ever since I started using trust wallet I have never encounter any challenge,so in this case I think trust wallet is safe to reserve coins.

I haven't used trust wallet before to crypto transaction but I have a trust wallet address. So I don't much any experience using it, but I have used some couple of wallets like electrum, blue wallet, meta mask... But amongst all the wallet I have had experience with, I prefer electrum wallet to others. And when we talk about hard ware Wallet, they are considered the safest and best for holding larger amount of coins. If you would want to hold I large amount of coin I prefer you buy a hardware wallet, but the thing is, they are kind of expensive than using a non custodial wallet.

I have used it but I don't use it a lot and if I'll continue to trust it. I'll use it but I wouldn't trust it with that much of my assets, a few amount of deposits probably.

Yes, some other multicurrency wallet but the same as what I am saying about Trust wallet, I wouldn't go all in with my assets to any of them.

Yes, 100%.

I've been trusting my portfolio to a hardware wallet that I have been using for a long time and will continue to do so.

This is my main wallet for my day to day transactions with crypto and so far I also didn't experience any problem with it.
If you're too afraid and don't have any confidence with Trust wallet then better not to force yourself to use it and use the alternatives instead.
Your safety should be your priority, i still have my hard wallet for my long term holding and having more wallet means you are protecting yourself from any harm from the hackers and scammers as well.

Is the transaction cheaper in Trust wallet than on Metamask?
I think there is no difference to just store your assets on Binance exchange after all they are just owned by same company. Storing them on the exchange itself seem safer since you can ask ffor support too.

But come to think of it. Those opensource wallets, you are not also sure when those developers suddenly just modify its code without alerting users. You'd be surprise one day the opensource wallet you use for years are actually modified a day ago. Who knows, its hard to trust anyone anymore.

In 2016, I also used MEV, then switched to MM. Now I use MM and Bitget in parallel. I can’t say that I don’t trust Trustwallet and probably the presence of a fairly large number of different crypto wallets creates fierce competition between them, i.e. their creators improve them and customize them. Moreover, no one is immune from errors, and over time (with the development of our knowledge, training) it becomes easier to identify bugs/features in the old code of wallets, smart contracts, etc.

No, I am not using trust wallet. Actually I have heard different kinds of stories from different people. Some of them claim that trustwallet isn’t that safe and secure as their funds get “drained” or something of similar but some people also claim to never have any problem regarding the wallet.

Maybe those who say negative reviews were not exactly careful with their wallet

I am not using a hardware wallet right now but if I reach a point where I own too many coins then that is the time I think to have a hardware wallet.