Do you continue to trust Trust Wallet?

[ndutndut]

I started using trust wallet from scratch when I joined this forum and started understanding about different crypto currency wallets.I continue to use Trust Wallet to this day.
I haven't been scammed using this wallet yet but don't know if others have.

Maybe there are many members connected to this forum who still have trust wallet as one of their preferred wallets.Many also hold their invested bitcoins or other coins in trust wallets for safety. However, the secure system of trust wallet is improving day by day.

I have also been a Trust Wallet user and often make transactions because for me the Trust Wallet wallet is easy to use via smartphone to carry out certain transactions but not for long-term asset storage because I think Trust Wallet is not safe to use. long term, especially for storing Bitcoin assets. because any online wallet cannot be completely trusted.

But even so, the most important thing in securing our assets is actually ourselves. Many people who use Trust Wallet are still safe without any problems, including me. It's just that many people lose assets in their Trust wallet due to their own mistakes because they are unable to maintain the security of their wallet, or they are safe in storing Prase seeds but often connect their wallet to websites that are not clear, this will also result in the loss of your assets. and this often happens with airdrops and bounty hunters.

[Promocodeudo]

I like trust wallet for many reasons despite that it is been seen as an open source I don't mind, I lost some bucks to kucoin because of minimum deposited since that day I have decided to use trust wallet, though I making use of it before now, I went back to it because of this singular incident that occured, I have been involved in some transaction with it, I must tell us for free that trust wallet is very fast to access, easy to use, when I first downloaded the wallet I though that it was hard but in few days I got to know much about it so much, I know sometimes we are been deceived by what we heard from other people without giving it a trial, trust wallet is good I say it again.

[strunberg]

• 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?

1. I don't really trust Trustwallet. But I still use it for transactions and Trustwallet is simple and easy to use.

2. Yes of course I use several other wallets. I love the experience of using multiple wallets. Currently I also use Metamask and Coinbase to store my assets.

3. I think it's very important. I believe in the saying "not your keys not your coins". Of course Trustwallet gives us the private key to our account. But I think that Trustwallet is not as safe as hardware wallets. I currently store all my crypto assets in a hardware wallet. And only use a small portion in the digital wallet.

[OrangeII]

Well, it's actually very difficult to trust anything on the internet, especially when it comes to money. Personally, I don't believe it, but I still use it because it is a popular wallet. Apart from that, trust wallet is also easy to use. I'm used to using it. Apart from that, I may use other wallets, but I use trust wallet as my main wallet, especially for BSC/BEP20 coins.

[JeffBrad12]

1. Are you using TrustWallet? Will you continue to trust TrustWallet?

I have used it once and always have the feeling that its just like any other wallet out there, but the fact that nowadays most of the dapps that are EVM based always support metamask or at least the other blockchain are supporting their own wallet based on browser extension I find it easier to just use whatever recommended by the majority of the dapps therefore i'm switching back to the wallet i previously used refusing to stay using trust wallet
2. Are you using other crypto wallet apps?
Yes

3. Is a hardware wallet really necessary for your crypto investment?
it is definitely necessary if you have that avid believe of not your private key not your money but then again it depends using paper wallet already suffice on my end, but there are certainly people seeking security out there therefore it might be necessary for many people out there but personally I don't really need it, what matter most is how we can avoid interacting with malicious codes.

[TheVeteranAngel]

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?

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

Trust wallet was my first wallet when i first entered the crypto space and i had no problem with it, quite easy to use but as time passes by, i found metamask more secured and migrated my asset there. Though i still use my trust wallet till-date especially for airdrop purposes but i have recently found Bitget wallet more appealiing due to more enhanced security features and other functionalities which gives it an edge over metamask and trust wallet. For me, one should only think of hard wallet when they have huge amount of crypto especially institutional clients like micro-strategy and not for those with less than $100k worth of crypto.

[Rasa nanas]

yes I still use trust wallet. there is no security system that does not have problems because all systems must have shortcomings or weaknesses. I have been using Trust Wallet for several years and have not encountered any significant problems until now. The problem occurs due to a system error or user error, if the user does not make a mistake there is a small possibility that a problem will occur with this wallet.

[Adbitco]

As an investor and a crypto trader you shouldn't trust any wallet not even trust wallet you can use them for the main time to store your funds maybe after which you can move them to place you know is a bit safe even as that you don't have to totally rely on the wallet because hacker can still hack any wallet apart from offline wallet /hardware wallet. Whenever you are using online wallet you should be very careful because of hack this made me not have total trust on any wallet apart from hardware wallet, if you must have peace with your fund getting hardware wallet could reduced your tension from hack, i don't look at close or open source wallet whichever hackers can still have access to it. I could remember a time a reputable manager's wallet was hack and that was Electrum wallet if a Electrum wallet can be hacked then no need to trust that wallet being open source or not the thing is you as a user you should be very mindful how you throw around your seed phrase otherwise hacking is inevitable.

[Bournesparks]

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?

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

Trust wallet was my first wallet when i first entered the crypto space and i had no problem with it, quite easy to use but as time passes by, i found metamask more secured and migrated my asset there. Though i still use my trust wallet till-date especially for airdrop purposes but i have recently found Bitget wallet more appealiing due to more enhanced security features and other functionalities which gives it an edge over metamask and trust wallet. For me, one should only think of hard wallet when they have huge amount of crypto especially institutional clients like micro-strategy and not for those with less than $100k worth of crypto.

Trust wallet seems outdated, metamask is slow. Like you said more equipped web3 wallets like phantom, keplr, Bitgetwallet are in vogue now.. I think you'll like this evebt since you use the wallet you mentioned. It's bwb airdrop opportunity.. https://twitter.com/BitgetWallet/status/1770766903922872463?t=xAQlF-SsFrL2cYb-ODiTiQ&s=19

[Hypnosis00]

TRUST could not easily given to something especially if we talk about security. I was not certain if those who say that Trust Wallet can't be trusted are true because many people are also using this wallet without any problem. Though I was not using this wallet always but as I checked on my account, I didn't see any suspicious activities which means that nobody bothered to access my wallet. Or maybe it was because the amount is small and hackers never think it was worth hacking.

I think my strategy is working well as I'd never put my coins in a single wallet as I split it to another's storage wallet.

[AakZaki]

I've known Trust wallet for a long time and been a user, but now I'm switching to Trezor hardware wallet. For a mobile wallet, Trust Wallet is quite good, but for security it is still quite vulnerable to hacking when the user is careless. Of course there are some bugs that will be found, but for a free wallet and not as a main wallet, trustwallet can be used quite well. but my suggestion is that it is better to migrate to a hardware wallet if you have a lot of valuable assets.

[salad daging]

I've known Trust wallet for a long time and been a user, but now I'm switching to Trezor hardware wallet. For a mobile wallet, Trust Wallet is quite good, but for security it is still quite vulnerable to hacking when the user is careless. Of course there are some bugs that will be found, but for a free wallet and not as a main wallet, trustwallet can be used quite well. but my suggestion is that it is better to migrate to a hardware wallet if you have a lot of valuable assets.

It's more important to prevent before anything bad happens to them so the key is that hardware wallets will be much safer especially for the long term so it's better to spend $69 on Trezor than risking so many assets on software wallets.

For daily activities then with Trustwallet alone it is enough and now I prefer to metamask for PC on mobile OKX web3, actually the same function but the important thing is not to be careless because when you fail to undergo security on your assets then it can be lost.

[Furious 7]

I still use a trust wallet to this day because it does make it a little easier to do some transactions but that doesn't mean it can be used as a long-term storage of our assets because after all, looking at the current situation, especially trust wallets that are affiliated with binance, this should definitely be considered more if you really want to store large assets for the long term.
As for whether it is necessary to use a hard wallet to store our assets if indeed you are able then indeed this is possible to do because even in this case Hard Wallet security also sometimes there are still some situations that can be penetrated but in the end this is better than cloud wallets or centralized wallets.

But in this case whatever the wallet is the most important thing is how we manage it well because in the end fraud and hackers occur because we are negligent in the security of the wallet we have so that no matter how good the wallet is but if we are negligent asset theft can still be done in the end.

[Dailyscript]

I like trust wallet for many reasons despite that it is been seen as an open source I don't mind, I lost some bucks to kucoin because of minimum deposited since that day I have decided to use trust wallet, though I making use of it before now, I went back to it because of this singular incident that occured, I have been involved in some transaction with it, I must tell us for free that trust wallet is very fast to access, easy to use, when I first downloaded the wallet I though that it was hard but in few days I got to know much about it so much, I know sometimes we are been deceived by what we heard from other people without giving it a trial, trust wallet is good I say it again.

Yeah i have been in that shoes too. Its so annoying that there are minimum amount you can send to your centralized exchange. I sent some bucks to Kucoin as well and i lost my bitcoin because it was not up to the minimum deposit amount. And that is one good reason why i love the trust wallet and other wallet app. I can deposit any amount to it no as long as i have the right transaction fee to pay for the transaction.

I would also say that trust wallet has proving to be trusted but let us bear it in mind that this apps can fail if it wants to. Its not perfect, same thing goes to other wallets. There are times where bugs would occur and it will start malfunctioning. Another to consider is that all wallets can be hacked by online hackers not just trust wallet alone. Keeping our privacy is important.

[Vincom]

I still use a trust wallet to this day because it does make it a little easier to do some transactions but that doesn't mean it can be used as a long-term storage of our assets because after all, looking at the current situation, especially trust wallets that are affiliated with binance, this should definitely be considered more if you really want to store large assets for the long term.
As for whether it is necessary to use a hard wallet to store our assets if indeed you are able then indeed this is possible to do because even in this case Hard Wallet security also sometimes there are still some situations that can be penetrated but in the end this is better than cloud wallets or centralized wallets.

But in this case whatever the wallet is the most important thing is how we manage it well because in the end fraud and hackers occur because we are negligent in the security of the wallet we have so that no matter how good the wallet is but if we are negligent asset theft can still be done in the end.

TrustWallet was acquired by Binance, but I don't think Binance manages users' private keys. TrustWallet is a self-custody wallet application, I think it's more secure than Binance Web3 Wallet. I am also using TrustWallet and trust it, but I also have to use a few other crypto wallet applications to reduce my worries about potential risks on TrustWallet in the future.

I have thought about hardware wallets but have not been able to decide to buy them right now. I want to take advantage of every cent to invest in BTC in the uptrend. I will think about it in the future when I have a clearer need. As you said, I believe the problem lies in how we manage the private keys of the account.

[AakZaki]

It's more important to prevent before anything bad happens to them so the key is that hardware wallets will be much safer especially for the long term so it's better to spend $69 on Trezor than risking so many assets on software wallets.

For daily activities then with Trustwallet alone it is enough and now I prefer to metamask for PC on mobile OKX web3, actually the same function but the important thing is not to be careless because when you fail to undergo security on your assets then it can be lost.

$69 for a security is very cheap especially since the assets I own are even more than the price of the hardware wallet I own. if someone doesn't use a wallet with guaranteed security, they only take refuge in security that is quite vulnerable such as trustwallet. and it also depends on who the user is, because hardware wallets also require vigilance and security in storing the seed phrase so that it cannot be accessed by anyone and it is very important to maintain it properly.

[Vincom]

$69 for a security is very cheap especially since the assets I own are even more than the price of the hardware wallet I own. if someone doesn't use a wallet with guaranteed security, they only take refuge in security that is quite vulnerable such as trustwallet. and it also depends on who the user is, because hardware wallets also require vigilance and security in storing the seed phrase so that it cannot be accessed by anyone and it is very important to maintain it properly.

As of now, we have not had any unfortunate incidents for TrustWallet users. Perhaps the possibility of users accidentally disclosing their private keys to hackers is greater than the possibility of a security vulnerability within the TrustWallet application.

If possible, a hardware wallet will always be a better choice, even though I have consulted and do not like its unfriendliness during interaction. I am still temporarily using TrustWallet on iPhone and trust it. I will think about buying a hardware wallet from the profits this season to store BTC for the next crypto winter.

[Pedrination]

From my perspective, Trust Wallet garners significant usage owing to its bridge-like features that facilitate connectivity with various decentralized applications. Although it's associated with a major centralized exchange and remains closed-source, it maintains a loyal user base with increasing downloads, as evidenced by its ratings and Google Play Store metrics. I lean towards Electrum for Bitcoin and MetaMask for other blockchain interactions, while plans to explore the Unstoppable wallet are currently on hold. While hardware wallets are often recommended for heightened security, their adoption remains discretionary, and generally favored by long-term investors and regular accumulators.

[irhact]

As an investor and a crypto trader you shouldn't trust any wallet not even trust wallet you can use them for the main time to store your funds maybe after which you can move them to place you know is a bit safe even as that you don't have to totally rely on the wallet because hacker can still hack any wallet apart from offline wallet /hardware walleted phrase otherwise hacking is inevitable.

If you don't trust any wallet, how will you store your coins. There are some wallets that we can trust and there are others that we can't trust. Some of the wallets that we can trust are hardware wallets that has been use by many individuals and no faults has been found in the wallet. hardware wallet are offline therefore hackers can not have access to your wallet unless you give them access by not being very careful how you store your seed phrase or you went and stored them online.

The wallets we can't trust are online wallet as they are online and hackers can hack them very easy. Online wallets don't have a good security but a hardware wallet has good security features. Also closed source wallet can't be trusted too and trust wallet is a close source wallet therefore if we are using them we shouldn't keep a large sum of stablecoin or our cryptocurrency on them as they can be frozen.

[Adbitco]

Snip

If you don't trust any wallet, how will you store your coins. There are some wallets that we can trust and there are others that we can't trust. Some of the wallets that we can trust are hardware wallets that has been use by many individuals and no faults has been found in the wallet. hardware wallet are offline therefore hackers can not have access to your wallet unless you give them access by not being very careful how you store your seed phrase or you went and stored them online.

The wallets we can't trust are online wallet as they are online and hackers can hack them very easy. Online wallets don't have a good security but a hardware wallet has good security features. Also closed source wallet can't be trusted too and trust wallet is a close source wallet therefore if we are using them we shouldn't keep a large sum of stablecoin or our cryptocurrency on them as they can be frozen.

Like I said earlier, trusting of wallet depends on the individuals if they have they have their details stored safely then their fund could be safe. Hardware wallet is a recommended one but the trust depends on the users, meaning if they store their seed phrase then they can say that wallet is reliable but when you used it and experience any bad time this shows that is not good for the user or possibly that person is careless about their wallet security. Hence, for we to enjoy a total reliability or develop a trust with those wallet our seed phrase must be stored in peaceful and inaccessible place where no one can access except the real owner.