Trust Wallet Review | Is It The Best Wallet In The World?
Jack Moreau
Feb 2024
5 min to read
Fact checked
Introduction: Are you looking for a secure and anonymous crypto wallet to store your digital assets? In this article, we’ll take an in-depth review of the Trust Wallet and explore its wallet features, supported platforms, usability and security. Read on to learn all about Trust Wallet so that you can quickly decide if it's the right choice for you!
Trust Wallet was founded in 2017 by Ukrainian entrepreneur Viktor Radchenko whose aim was to create a user-friendly mobile wallet to store Ethereum (ERC-20) tokens like ETH. It did not take long for Trust Wallet to capture the attention of Binance who acquired the company behind the wallet in 2018.
Trust Wallet
Trust Wallet is based in San Fransisco and has grown to a team of over 220 employees based around the world. Trust Wallet is an open-source non-custodial wallet which means that users maintain full control of their private keys (funds).
The wallet is anonymous and private meaning that there is no linked identity when creating an account. With Trust Wallet, users can store, send and receive digital assets, buy and sell cryptocurrencies and access decentralised applications.
Trust Wallet Digital Assets
Trust Wallet has grown into one of the fastest growing wallets in the world with over 60 million users across their mobile and browser wallets. The wallet supports over 70 blockchains and an astonishing 10 million digital assets.
This includes blockchains and cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Bitcoin Cash (BCH), Ether Classic (ETC), Litecoin (LTC), and hundreds of thousands of altcoins and ERC20 tokens.
Trust Wallet Supported Platforms
Trust wallet is a secure and user-friendly mobile wallet app for storing cryptocurrencies like Bitcoin, Ethereum, Solana, Cosmos, Cardano, Litecoin and many others.
Trust wallet is available on iOS and Android devices where users can store and manage their cryptocurrencies and NFTs. Combined the Trust wallet apps have over 10 million downloads with an excellent 4.5 star rating based on 1.7 million reviews.
Trust Wallet App
On mobile, Trust wallet offers users the ability to swap between their assets or buy cryptocurrencies with fiat currencies like USD and EUR. The mobile apps also offer integrations to DEXes like Uniswap and Pancakeswap directly in the wallet.
Trust also provides support for ERC 721 and ERC 1155 NFTs which are based on the Ethereum blockchain and Binance Smart Chain.
Trust Wallet NFTs
Trust wallet also recently came out with their browser extension available for Chrome, Brave, Edge and Opera. The browser wallet is currently used by over 500,000 people and has received a 4-star rating. The browser wallet does however not offer most of the features available in the mobile wallet.
Trust Wallet browser extension
It does however provide access to a large selection of blockchains and tokens so that users can easily connect to their favourite dApps online.
Trust Wallet Features
When it comes to features, Trust Wallet offers it's users a wide range of products and services within the wallet.
To begin, Trust Wallet offers swaps supported by multiple third-party DeFi integrations such as Thorchain, Kyber Network, and 1inch. The wallet charges a 1% swap fee in addition to third-party exchange fees when users transact using these intermediaries.
Trust Wallet Web 3 Dapps
Trust wallet Thorchain integration allow users to easily and natively swap Bitcoin (BTC) to Ethereum (ETH) with low spreads and without using wrapped assets. Trust Wallet also features a built-in web3 browser, allowing users to access decentralised applications directly from the mobile app.
The wallet is open-source and provides support for NFTs on several blockchains including. Ethereum, Solana, and Polygon. With Trust Wallet users can store and manage their NFTs, view their NFT collections, and easily transfer them to other wallets or marketplaces.
Trust Wallet NFTs
And for users that want to buy cryptocurrencies within the wallet with fiat currencies and their card, Trust Wallet has integrated with Binance Pay and Coinbase Pay for crypto purchases. A helpful Koinly integration is also available for users that need help with their tax filing at the end of the year.
Trust wallet claims to support 4.5 million assets across 70 blockchains such as Bitcoin, Avalanche, Binance Smart Chain, Ethereum, Solana and others.
Trust Wallet cryptocurrencies
Trust wallet also supports a variety of stablecoins including BUSD, DAI, USDC, USDT, GUSD, USDS, PAX, TUSD, BGBP and EURS.
Trust Wallet stablecoins
With Trust wallet users can stake their assets to earn staking rewards on their otherwise idle assets. At the time of writing, Trust Wallet provides staking rewards for 12 cryptocurrencies including BNB, ATOM, CLO, TRON, TRX, LUNA, OSMO, IOTX, XTZ, VET, KAVA and ALGO.
Trust Wallet Staking
Trust Wallet Customer Support
Trust Wallet customer support is dedicated to helping users with any issues they may have with the wallet. Customer support is available through a variety of channels, including a community support help centre, by email or by submitting a ticket request.
Trust Wallet customer support offers a comprehensive FAQ page with answers to common questions about the wallet. Answers to common questions can also be found via social media channels like twitter, reddit and Telegram.
Is Trust Wallet Safe?
The main benefit of Trust Wallet as a non-custodial wallet is that all private keys are stored in a decentralized way across millions of devices. Users have to protect their assets by creating a strong password and by storing the 12 or 24-word seed phrase that they are given somewhere safe.
The biggest threat to users who hold custody of their own assets is the mismanagement of passwords or bad practices online that gives hackers an opportunity to access your device or passwords.
For those that are interested in using Trust Wallet on a mobile device, there are added security features available such as Face or Touch ID. This obviously means that your assets are no longer anonymous buy instead directly connect to your person.
Author
Jack Moreau
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.
