Is Trust wallet still wallet?

[Karl_3000]

I know you against wallets that are not open source but is the wallet still a wallet?

I visited the wallet today to see perpetual trading and prediction markets. I thought a noncustodial wallet should be used for hodling bitcoin but if you can go perpetual 40x with bitcoin on the wallet and using it for prediction market, is it still a wallet?

For someone to be using it for the two riskiest thing which are future trading and gambling.

[PX-Z]

Basically it's still a wallet since it works just like a normal non-custodial wallet just closed source. But then, technically, it evolve to "web3 super app" just like how binance, who acquired it, who tried to become an crypto exchange super app but failed to do so. And with all that feature, it just like connect to those protocols for swap (many providers) and prediction on polymarket, etc. It's just like a one stop shop/app for decentralized apps.

[Lostbtc05]

Yes brothers

[FinneysTrueVision]

The wallet feature sometimes feels like an afterthought with everything else it has going on that it tries to steer you towards. They are trying to make money, which they have every right to do, but it comes at the expense of their user experience being made worse. That’s how it is with many multi-coin wallets.

A lot of newcomers choose this wallet based on name recognition. They should be aware that there are better options out there whose sole focus isn’t monetization.

[nc50lc]

I visited the wallet today to see perpetual trading and prediction markets. I thought a noncustodial wallet should be used for hodling bitcoin but if you can go perpetual 40x with bitcoin on the wallet and using it for prediction market, is it still a wallet?

Depends on how you define "wallet",
Based from the OP, it looks like you're talking about self-custodial (non-custodial) wallet in general.
Because custodial wallets are also called wallets but more of an exchange.

I'll consider that you're talking about "self-custodial wallets" here.

Anyways, there are brands that tie-in self-custodial and custodial parts in one, maybe that's the direction they're going for.
Like Blockchain(dot)com's "Private Key Wallet" and "Trading Wallet" that's connected to a single account.
However, self-custody of the former is debatable if it's closed-source since you can't fully verify it.

[jcojci]

Trust wallet still a multi wallet for storing many coins including Bitcoin. But I don't use it anymore since I have bad experienced before and moves to Unstoppable wallet.

Wallet that can be used to perpetual trading and prediction markets should be called an exchange and not just wallet. It is like similar exchanges you use but that could be non-KYC since you don't verify your identity like in exchanges.

If you just want to store your coins, you don't need the trading or prediction feature. You will use other app to trading or place your prediction.

[Karl_3000]

Trust wallet still a multi wallet for storing many coins including Bitcoin. But I don't use it anymore since I have bad experienced before and moves to Unstoppable wallet.

Unstoppable wallet would have been a very good wallet for me, I used it before but the wallet did not make bitcoin transaction to accept less than 1 sat/vbyte, I prefer Electrum and Bluewallet for this reason.

Wallet that can be used to perpetual trading and prediction markets should be called an exchange and not just wallet. It is like similar exchanges you use but that could be non-KYC since you don't verify your identity like in exchanges.

If you just want to store your coins, you don't need the trading or prediction feature. You will use other app to trading or place your prediction.

This is what I am thinking, no good noncustodial wallet that I know about that is offering such risky services that can make people easily lose their money.