Trust Wallet vs Trezor | Safest Wallet To Store Your Crypto?
Jack Moreau
Feb 2024
9 min read
Fact checked
Introduction: Finding the perfect crypto wallet is no easy task. But fear not as we have dissected Trust Wallet vs Trezor with utmost precision, scrutinizing their support blockchains, cryptocurrencies, exclusive features, hardware support, security measures, and more!
Trust Wallet and Trezor are two popular wallets in the cryptocurrency world, each offering unique features and benefits to their users.
Trust Wallet, founded in 2017 by Viktor Radchenko, is a user-friendly mobile wallet designed to store a wide range of cryptocurrencies. It was quickly recognized for its potential and was acquired by Binance in 2018.
Trust Wallet Website
Trust Wallet is an open-source non-custodial wallet, giving users full control over their private keys and ensuring the security of their funds. With support for over 70 blockchains and 10 million digital assets, Trust Wallet has become one of the fastest-growing wallets worldwide.
Trust Wallet Cryptocurrencies
The wallet has amassed an impressive 60 million users across its mobile and browser versions, with over 10 million downloads on Android and IOS and a stellar rating of 4.5 stars on Trustpilot.
Trust Wallet App
On the other hand, Trezor, founded by Marek Palatinus and Pavol Rusnak in 2013, is a hardware wallet offering the highest level of security for cryptocurrency storage.
Trezor Website
Trezor is a cold wallet, meaning that it securely stores users' private keys offline, protecting them from online threats. With its Trezor Model One being the most popular product, Trezor has gained a strong reputation within the crypto community and currently has over 1 million users.
Trezor Model T vs Model One
The wallet supports over 1,000 different cryptocurrencies, making it a versatile option for those with diverse holdings. Trezor also offers the Trezor Suite, a comprehensive software interface for managing cryptocurrencies on desktop, mobile, and web.
Trezor Suite
While Trust Wallet focuses on mobile and browser accessibility, providing a seamless experience for users on the go, Trezor prioritizes offline security with its hardware wallet.
Trezor Wallet App
Trezor Wallet has also received high praise for its security features, earning a rating of 4.8 stars for its Ledger Live App, which is available on Android, iOS, and desktop platforms.
Trust Wallet vs Trezor User Experience
Trust Wallet is a popular non-custodial wallet that offers a user-friendly interface, making it easy for users of all experience levels to manage their digital assets. The wallet can be downloaded on Android and iOS devices, providing access to a wide range of blockchains and features.
Trust Wallet Browser
However, one downside is that Trust Wallet is not available for desktop download. In terms of supported browsers, Trust Wallet currently supports Chrome, Brave, Opera, and the Edge Browser.
Trust Wallet Supported Browsers
Trezor, on the other hand, is a hardware wallet that is designed to be easy to use with a simple interface. Both Trezor Model One and Model T offer a compact design with a monochrome display and physical buttons for navigation.
Trezor Model One
The wallets have received solid, 4.5-star ratings on Amazon and are highly regarded for their user experience. Trezor Model One is more affordable, starting at $69, while Model T offers a wider range of features and support for over 1456 cryptocurrencies.
Trezor Model T
While Trust Wallet offers accessibility and a range of features on mobile devices, Trezor provides a secure and user-friendly hardware wallet solution.
The choice between the two will depend on the individual's preference for mobile or hardware storage and their specific needs in terms of supported cryptocurrencies and features.
Trust Wallet vs Trezor Features
Trust Wallet is a feature-packed wallet that offers users a wide range of products and services. One of its standout features is its support for in-app swaps through third-party DeFi integrations such as Thorchain, Kyber Network, and 1inch.
Trust Wallet Swaps
While there is a 1% swap fee, users can easily and natively swap Bitcoin to Ethereum with low spreads and without using wrapped assets. Additionally, Trust Wallet features a built-in web3 browser, allowing users to access decentralized applications directly from the mobile app.
Trust Wallet Dapps
In terms of NFT support, Trust Wallet shines with its compatibility with several blockchains including Ethereum, Solana, and Polygon. Users can store and manage their NFTs, view their collections, and easily transfer them to other wallets or marketplaces.
Trust Wallet NFTs
Trust Wallet also offers staking support for over 20 cryptocurrencies including BNB, ATOM, LUNA, OSMO, ALGO, and Tezos, allowing users to earn yield on their digital assets.
Trust Wallet Staking
Moreover, Trust Wallet has integrated with Binance Pay and Coinbase Pay, making it convenient for users to buy cryptocurrencies with fiat currencies and their card. The wallet even offers a helpful Koinly integration for users requiring assistance with tax filing.
Trust Wallet Buy Crypto With Credit Card
On the other hand, Trezor Wallet offers a wide range of features as well. Users can easily send and receive over 1,000 digital assets, including Bitcoin, Ethereum, Avalanche, Solana, Polkadot, Cosmos and many more.
Trezor Cryptocurrencies
The Trezor Suite App provides a beautiful visual display that allows users to overview and track the value of their portfolios. While Trezor Wallet does not natively support Web 3 access, it can be used with third-party applications like Exodus wallet to access Dapps.
Trezor Suite
Staking is not supported natively either and has to be accessed through supported third-parties. In terms of NFT support, Trezor Wallet is capable of storing NFTs, although they cannot be visualized in the Suite app. Instead, users will have to use third-party tools to visually interact with their NFTs.
The wallet also offers an in-wallet exchange, providing users with the ability to swap between cryptocurrencies. However, the exchange service may not be the most cost-effect option as users will have to pay a fee of 0.5%-2% to make a swap.
Trust Wallet:Trust Wallet is a non-custodial wallet that prioritizes the security of users' assets. One of its main benefits is that all private keys are stored in a decentralized manner across millions of devices.
This decentralized storage approach provides a robust resistance to potential cyber-attacks, as assets are spread out instead of being stored in a central repository. This means that even if one device is compromised, the overall security of the wallet is not compromised.
To ensure the utmost security, users of Trust Wallet have the responsibility of safeguarding their assets by creating a strong password and storing the 12 or 24-word seed phrase in a safe place.
It is crucial to protect these credentials, as any unauthorized access to the seed phrase could potentially lead to a loss of funds.
Trust Wallet Ledger Support
Trust Wallet also offers enhanced security features such as two-factor authentication (2FA), robust backup solutions for private key recovery, and data encryption. For users who prefer using Trust Wallet on a mobile device, there are additional security features available, such as Face or Touch ID.
Trust Wallet also conducts regular audits by Stateful and offers bug bounties of up to $100,000 to hackers who can provide information about security issues.
Trezor offline hardware wallets protect users assets and identity by removing online access to their data. Trezor wallets never expose users digital asset information to the internet unless requested by users.
The software used in Trezor devices has always been open-source which makes it fully auditable for any vulnerabilities. Trezor has a community of over 200 developers that are continously improving Trezor software.
Trezor Security
Trezor Suite also offers Tor which is open-source software that enables anonymous communication. By using Tor, it makes it more difficult to trace a user's Internet activity.
Trezor also has a secure from day one policy which entails that data is deleted or anonymized 90 days after purchases, device packaging is tamper evident and all models arrive without any firmware.
Trezor Secure from day one
Trezor wallet allows users to set a PIN, which is a number that is used to unlock the device. Trezor hardware wallets are protected against unauthorized access by a user-defined PIN up to 50 digits long. The PIN mechanism is protected against key-loggers, so using it even in internet cafes means no risk for users.
Trust Wallet vs Trezor Conclusion
In conclusion, each wallet has its advantages and unique features that cater to different needs and preferences in the cryptocurrency world.
Trust Wallet stands out with its extensive support for various blockchains and its user-friendly interface. With over 10 million downloads and a stellar rating on Trustpilot, Trust Wallet has gained a significant user base.
It offers in-app swaps, NFT support, staking options, and integration with popular payment methods like Binance Pay and Coinbase Pay. Trust Wallet's emphasis on accessibility and versatility makes it an excellent choice for users who want a feature-packed mobile and browser wallet.
On the other hand, Trezor Wallet excels in offline security with its hardware wallet. With a wide range of supported cryptocurrencies and a simple user interface, Trezor is a trusted choice for those prioritizing the safety of their funds.
Trezor's additional software interface, Trezor Suite, enhances the user experience across desktop, mobile, and web platforms.
Trust Wallet and Trezor Wallet offer different approaches to cryptocurrency storage, with Trust Wallet focusing on mobile and browser accessibility and Trezor prioritizing offline hardware security.
Overall, both wallets have proven their reliability and have amassed a large user base. Trust Wallet's support for in-app swaps, extensive NFT compatibility, staking options, and various supported payment methods make it a versatile wallet option.
On the other hand, Trezor Wallet's emphasis on security, wide range of supported cryptocurrencies, and user-friendly hardware wallet provide peace of mind for users who prioritize offline storage.
Users should consider their specific needs, preferences, and priorities when choosing a wallet. Whether it's accessibility, security, functionality, or supported features, both Trust Wallet and Trezor Wallet offer excellent options for cryptocurrency storage and management.
Jack is a crypto writer and reviewer who has been active in the space since he caught the crypto bug in 2017. With a passion for trying out new shiny things, Jack is always eager to try the latest cryptocurrency exchanges, wallets or DeFi applications.
