Do you continue to trust Trust Wallet?

[EarnOnVictor]

• Are you using TrustWallet? Will you continue to trust TrustWallet?

Yes, I use Trust Wallet, though, it's the last wallet I opened, and since I've not read anything bad about it, why not? It is a cross-platform with an open-source value, so I see no reason why I should not continue to use it. It's also simple to use and secure.

• Are you using other crypto wallet apps?

Yes, I've started dealing with cryptocurrency since about 2013, even though I never invested in it, I was just using the wallets for deposits and withdrawals. For this, I've had to deal with more than 10 crypto wallets. The 2013 to now is a long year if I must say. But most were custodial wallets since I never knew the difference then, and thankfully I wasn't scammed till today.

• Is a hardware wallet really necessary for your crypto investment?

Never! Unless you have a big amount of money you wanna store. Even at that, some people may still open at least 5 wallets or more to store such a big amount by diving them into the wallets to avoid "putting their eggs in a basket." Sincerely, the hardware wallet is overall overrated in my opinion, good non-custodial wallets with an open-source will do just fine.

[Mpamaegbu]

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.

This is exactly the point that should be canvassed. It shouldn't necessarily be about a particular wallet. We humans are supposed to be responsible for the safety of our wallets (and other stuff we make use of). Again, I've been using Trust Wallet as far back as first quarters of 2021 and I've had funds in the wallet from then till now without having any issue of hack or breach. 2021 till now is a whole three years and nothing has happened to that particular wallet. The mistake many people make is to expose main wallets they use and make them vulnerable by clicking on links connected to their browser. If anyone has a wallet with funds, it's advisable not to interact directly with DApps on the wallet. Just buy funds with another wallet and move it to the main wallet or simply buy using the project's CA. Don't engage in any other thing on the site so as not to click on phishing links.

[Sunderland]

Yes, trust wallet is easy to use and I have never had any technical problems while using the wallet/app, and I only use it for micro transactions/daily transactions, not as the main wallet.

The only issue that I have experienced with trustwallet is the bitcoin fees problem, a few months ago the mempool was clogged by ordinal spams and it caused the fees rising high.
And the trust wallet will automatically use the most expensive fees so that the transaction can be confirmed in the next block.
Because of that, I was forced to export BTC wallet seed phrase from trustwallet to electrum.

[bettercrypto]

I think it's still okay to use now because I'm not facing any issues at the moment. Also, I haven't heard anything about this issue happening in the market today.
As far as I know, there are still many people who use it, from what I can see.

Although sometimes the fee in Bitcoin is high, it is still not a big issue. It really depends on the users who use it. Just what if they think it's okay to use it, and if in doubt, don't use it?

[electronicash]

I think it's still okay to use now because I'm not facing any issues at the moment. Also, I haven't heard anything about this issue happening in the market today.
As far as I know, there are still many people who use it, from what I can see.

Although sometimes the fee in Bitcoin is high, it is still not a big issue. It really depends on the users who use it. Just what if they think it's okay to use it, and if in doubt, don't use it?

when governments are banning exchanges like binance i guess the wallets that have exchanges on them will work. after all Trust wallet is owned by binance. i do have plans to move some of my coins to Trust wallet in case i wouldn't have access to the exchange.

but there are also lots of alternatives to Trust wallet actually which is even an opensource like Mycelium which also has a decentralized exchange within the wallet. it doesn't look like there is no difference but opensource is somehow more trusted by the community.

[Vincom]

Yes, trust wallet is easy to use and I have never had any technical problems while using the wallet/app, and I only use it for micro transactions/daily transactions, not as the main wallet.

The only issue that I have experienced with trustwallet is the bitcoin fees problem, a few months ago the mempool was clogged by ordinal spams and it caused the fees rising high.
And the trust wallet will automatically use the most expensive fees so that the transaction can be confirmed in the next block.
Because of that, I was forced to export BTC wallet seed phrase from trustwallet to electrum.

TrustWallet can serve the needs of the majority of users, especially it is effective for multi-chains interactions. We do not need to install and manage dozens of different accounts on each separate chain.

You can monitor the network status to see the fee per vB and then customize it right in the TrustWallet app to save on transaction fees. Currently, the Bitcoin network is no longer attacked by the Inscription trend, transaction fees have decreased and we are no longer under the pressure of too high transaction fees.

• Bitcoin Fees
  
• How to Change the BTC Network Fee
  
• Bitcoin Average Transaction Fee (I:BATF)

[AakZaki]

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.

Don't think too much about the unfriendliness of using hardware wallets, they are made for higher security and are not concerned with visual appearance alone. and not just about security in the Trustwallet application but the security of the device you use. it will be vulnerable if exposed to malware and you should know that any device can be hacked in ways that you haven't thought of, so you need to be alert about that. Setting aside a small profit for an HW that doesn't even reach $100 is a good idea to do if you care about the assets you hold.

[Furious 7]

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.

This is exactly the point that should be canvassed. It shouldn't necessarily be about a particular wallet. We humans are supposed to be responsible for the safety of our wallets (and other stuff we make use of). Again, I've been using Trust Wallet as far back as first quarters of 2021 and I've had funds in the wallet from then till now without having any issue of hack or breach. 2021 till now is a whole three years and nothing has happened to that particular wallet. The mistake many people make is to expose main wallets they use and make them vulnerable by clicking on links connected to their browser. If anyone has a wallet with funds, it's advisable not to interact directly with DApps on the wallet. Just buy funds with another wallet and move it to the main wallet or simply buy using the project's CA. Don't engage in any other thing on the site so as not to click on phishing links.

That's the point, regardless of how good the wallet we use is but when we ourselves use it carelessly, there will still be a gap to break into the wallet so it is important to know ourselves in the end whether or not we can use the wallet we have and maintain it properly.

I am one of those people who is quite careless and in the past I have felt the loss of my assets due to my carelessness which made my wallet drained but precisely with that I became more aware that sometimes things are rushed without reading or seeing the vulnerabilities that we have sometimes will have a bad luck in the end so that by reflecting on the previous incident made me more careful and not too put forward emotions for anything, especially related to the wallet that we have because surely out there there will be irresponsible people waiting for us to let our guard down and ready to trick with the tricks they have.

[Vincom]

Don't think too much about the unfriendliness of using hardware wallets, they are made for higher security and are not concerned with visual appearance alone. and not just about security in the Trustwallet application but the security of the device you use. it will be vulnerable if exposed to malware and you should know that any device can be hacked in ways that you haven't thought of, so you need to be alert about that. Setting aside a small profit for an HW that doesn't even reach $100 is a good idea to do if you care about the assets you hold.

I also understand the value of hardware wallets, but to be honest, at this time, part of my assets are still on CEXs in the Simple Earn and Staking programs, the rest are on TrustWallet to participate in DEXs. At the same time, I also want to take advantage of every USD to buy BTC every week, so hardware wallets are still one of the goals that I have not yet targeted at this time. For now, I still trust TrustWallet on my iPhone, I also only use this old iPhone to install and use TrustWallet, which makes me feel quite safe.

[Sophokles]

Don't think too much about the unfriendliness of using hardware wallets, they are made for higher security and are not concerned with visual appearance alone. and not just about security in the Trustwallet application but the security of the device you use. it will be vulnerable if exposed to malware and you should know that any device can be hacked in ways that you haven't thought of, so you need to be alert about that. Setting aside a small profit for an HW that doesn't even reach $100 is a good idea to do if you care about the assets you hold.

I also understand the value of hardware wallets, but to be honest, at this time, part of my assets are still on CEXs in the Simple Earn and Staking programs, the rest are on TrustWallet to participate in DEXs. At the same time, I also want to take advantage of every USD to buy BTC every week, so hardware wallets are still one of the goals that I have not yet targeted at this time. For now, I still trust TrustWallet on my iPhone, I also only use this old iPhone to install and use TrustWallet, which makes me feel quite safe.

Hardwar wallet can be used as a cold wallet to store your crypto. That how i do it with my wallet. I don't interact with any dapps through my cold wallet so that they won't get any approval which can cause problem for me if any exploit happens. For the general use a multi wallet like trust, Exodus can be the best choice for a users as it support most of the major crypto in a single wallet. That means a user can use all the major layer 1 projects without switching between different wallets for all the layer 1.

[Muslimin mj]

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

I think Trustwallet is still trustworthy because so far I have used Trustwallet and have never experienced any problems. Even though there are some who have different opinions, I still believe in Trustwalet. and I also use several other wallets such as Imtoken, metamask and others. because I think using a hardware wallet is very necessary and makes transactions and portfolios easier.

[Vincom]

Hardwar wallet can be used as a cold wallet to store your crypto. That how i do it with my wallet. I don't interact with any dapps through my cold wallet so that they won't get any approval which can cause problem for me if any exploit happens. For the general use a multi wallet like trust, Exodus can be the best choice for a users as it support most of the major crypto in a single wallet. That means a user can use all the major layer 1 projects without switching between different wallets for all the layer 1.

A wise decision! Hardware wallets should only be used to store crypto, not to interact with Dapps, and Ledger's incident with Dapps has confirmed this again. A hot wallet app would be more suitable for users to use Dapps to earn profits from DeFi or NFTs...

Exodus is a quite popular wallet app, and it seems to be more reputable than TrustWallet because it is open source instead of closed source. For now, I am still used to using TrustWallet because it is still stable and I do not have too many crypto assets to self-custody. At the same time, I still trust the security of TrustWallet over the years and the reputation of Binance, the company that supports TrustWallet.

[Mehedi72]

I also used MEW website for Erc20 tokens transactions in 2017 when i was Newbie. That time we Don't have many options or most of people unaware about most of wallet. Currently i use trust wallet and i haven't found any issue in it. But i some cases, i need to use metamask. That's it. I don't have any problem using trust wallet. And yeah, if you have big amount of money then you have to think seriously about it and should more careful with your wallet. So of course it is best to use hardware Wallet for extra security

[Kristiyana]

Well as long as people are not complaining about trust wallet I think we can still build trust in it, secondly trust wallet has been there for some years now even before most of the wallet we are currently using now  yet no one has ever complained about trust wallet, I'm currently making use of trust wallet I have most of my assets stored in trust wallet and is save and secured.

[OrangeII]

Well as long as people are not complaining about trust wallet I think we can still build trust in it, secondly trust wallet has been there for some years now even before most of the wallet we are currently using now  yet no one has ever complained about trust wallet, I'm currently making use of trust wallet I have most of my assets stored in trust wallet and is save and secured.

well, so far I also have no problem keeping some assets in a trust wallet. However, I still don't believe it 100%. Since there are quite a lot of cases of loss and hackers on the internet, I don't really believe in that. However, I still use it, and haven't encountered any problems. Well, at least I hope that the trust wallet is really safe and won't cause any problems in the future.

[Zanab247]

I heard about trust wallet from my friends some years ago, but I never show any interest on it because I don't know how solid the wallet is compare to the wallet am using to stock my BTC over some years now, and nothing has happened to my wallet.

Electrum wallet is the best wallet, I can be proud of when looking for safe wallet to hodl huge amount of BTC for long term, if you have use it before you will ignore other wallet because is very hard for scammers to have access.

I will try trust wallet to store some little coins, to see if the coins will be safe in 5 years in my wallet before I will make use of trust wallet, just to know if the wallet is well secure like electrum wallet.

[cryptoresearchcn]

I use Trust Wallet, no problems so far.
But my friend’s cryptocurrency was stolen from this wallet, but it’s most likely his own fault because he connected his wallet to a malicious site.

[fenixosup]

The only really safe option is hardware wallet. Software wallets are always more vulnuruable. However, i believe to trust and ownr wallets and store there part of my money for faster access

[Kristiyana]

I use Trust Wallet, no problems so far.
But my friend’s cryptocurrency was stolen from this wallet, but it’s most likely his own fault because he connected his wallet to a malicious site.

That's the Common mistake  most newbie normally make, i know too well that someone who's deep into cryptocurrency Will never make such mistake, by connecting his wallet to a malicious site as you said, I guess he don't know the risk involve in doing that, he just make those  scammers to gain access to his wallet either. At this point I know most people will blame trust wallet, that trust wallet is never to be trusted.however I hope all his assets is not been stored there?

[Nazmul012]

People have different opinions about trust walle which are partially true in my opinion. But i still use trust wallet for small. Fund and my others work cause its very easy to use as well as user friendly. Besides i use Electrum wallet as well as Meta Mask too. And if your fund is big then its mostly advisable to use hardware wallet which is really necessary to save your investment? Besides there are many technology like multi sign or confirmation that will ensure your investment more safe.