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Reviews/Trust Wallet

Trust Wallet

Van Thanh Le

Feb 23 2024

8.5 / 10

Summary

Secure self-custody, diverse assets, NFT & DeFi access - Trust Wallet has it all! But are its features the perfect match for YOU? Find out in our unbiased review!

Pros

plus

Vast Asset Variety

plus

Efficient Customer Support

plus

User-friendly interface

plus

Earning Opportunities

Cons

plus

Limited Advanced Security

Trust Wallet Review Scores

8.5

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Overall

Information

8

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Security & Privacy

Information

9

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User Experience & Interface

Information

8.5

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Features & Functionality

Information

7.5

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Support & Documentation

Information

9

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Compatibility & Integration

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9

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Cost-Effectiveness

Information

What Is Trust Wallet and Who Is It For?

Trust Wallet is your key to unlocking the world of crypto, whether you're a seasoned HODLer or a curious newbie. This non-custodial software wallet, developed by crypto giant Binance, empowers you to take complete control of your digital assets.

Trust Wallet is ideal for beginners, integrating seamlessly with the Binance ecosystem. It supports a wide range of cryptocurrencies and NFTs, offering self-custody for enhanced security. Furthermore, it provides staking opportunities, dApp browsing, and a built-in exchange for convenient asset swapping, making it a comprehensive solution for crypto storage and management.  

With over 70 million users worldwide, Trust Wallet has become a popular choice for those seeking a secure, user-friendly, and versatile crypto wallet. 

Dive into our Trust Wallet review to unlock the secrets of secure crypto freedom (and maybe some Binance perks)!

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Key Takeaways 

Diving into Trust Wallet's universe, I uncovered a trove of insights that spotlight its prowess and areas ripe for enhancement. Here's the essence, distilled for your discerning crypto palate:

  • Global Adoption: Trust Wallet boasts over 70 million users, underscoring its vast acceptance.
  • Broad Asset Support: It integrates seamlessly with over 100 blockchains and 10 million+ crypto assets, from heavyweights like Bitcoin to meme coins and NFTs.
  • User Empowerment: Emphasizes self-custody with a 12-word secret phrase, ensuring you're the sole guardian of your assets.
  • Security Layers: Offers PINs, passwords, and biometric options, though it lacks 2FA and multi-signature options.
  • Intuitive Use: Designed for simplicity, making buying, selling, and swapping assets straightforward.
  • Versatility Beyond Storage: Enables staking of 24+ coins, NFT handling, and direct DApp access, positioning itself as a crypto powerhouse.
  • Economical: Free app with transparent fees, highlighting only network and third-party charges.
  • Community-Centric: Actively developed with user feedback in mind, fostering a strong support system through a 24/7 customer team, multiple support channels, and a comprehensive Help Center.
  • Multilingual and Socially Engaged: Supports numerous languages and maintains an active presence on major social media platforms.
A digital logo design. The logo features a shield divided vertically into two halves with a gradient from left to right, starting with a deep blue on.webp

What Are the Pros and Cons of Using Trust Wallet? 

Trust Wallet’s Pros

  • Versatile Cryptocurrency Support: Supports a wide range of cryptocurrencies and NFTs.
  • Strong Community Engagement: Actively developed with user feedback, 24/7 support, multilingual, and active social media presence.  
  • User-Friendly Interface: Designed for ease of use, catering to both beginners and experienced users.
  • Integrated Services: Includes staking, a built-in exchange, and DApp browsing for a comprehensive crypto management experience.

Trust Wallet’s Cons

  • Limited Advanced Security Features: May not suit users seeking advanced security features like 2FA or multi-signature options.

1. What’s the Story Behind Trust Wallet?

Back in November 2017, Viktor Radchenko, on a mission to make crypto accessible to all, created Trust Wallet in California. Initially focused on ERC-20 tokens, it soon blossomed under Binance's wing (acquired in July 2018) to encompass a vast crypto universe. This diverse, globally-spread team, spanning 19 time zones, fuels Trust Wallet's constant evolution.

Unlike its cold wallet counterparts, Trust Wallet embraces the online world, operating as a mobile, non-custodial hot wallet. This means you, not a third party, hold the keys to your crypto, empowering you with complete control over your assets.

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With over 100 blockchains supported and access to a mind-boggling 10 million+ crypto assets, Trust Wallet is a true crypto buffet. Dive into major players like Bitcoin, EthereumBNBCardanoSolana, and Tether, or explore the fun side with meme coins like Pepe, Shiba InuDogecoin, and FLOKI. Feeling adventurous? Delve into Bitcoin CashLitecoinXRPEthereum ClassicTronCosmos, and more – the list goes on!

I remember the early days of my crypto journey, navigating through the convoluted landscape of wallets and exchanges without knowing what to use. The discovery of Trust Wallet felt like a breath of fresh air. It was the broad spectrum of supported assets and blockchains that won me over. As a new user, I wanted something simple and easy for me to control my portfolio, and having several wallets on countless different blockchains was not my priority at that time.

2. What Are the Key Features of Trust Wallet?

Trust Wallet has carved its niche in the crypto space with a focus on user-friendliness and accessibility. But security, functionality, and cost also play crucial roles. Let's delve into these key features:

Security First

  • Self-custody: Trust Wallet prioritizes user control by not storing private keys. You are the sole guardian of your assets, with a 12-word secret phrase acting as the key. Remember, safekeeping this phrase is paramount!
  • Multi-layered Protection: PINs, passwords, and optional biometric authentication (Face ID/Touch ID) add further layers of security.
  • Encrypted Cloud Backup: For added peace of mind, users can opt for Encrypted Cloud Backup.
  • Room for Improvement: While robust, Trust Wallet lacks features like 2FA and multi-signature, which some users might prefer.
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No advanced security option on the web browser version.

Intuitive & User-Centric

  • Effortless Navigation: Whether you're a crypto newbie or a seasoned hodler, Trust Wallet's interface is designed for ease of use.
  • Streamlined Transactions: Buying, selling, and swapping crypto are just a few taps away, making the process smooth and efficient.
  • Focus on Usability: Trust Wallet prioritizes user experience, simplifying the often-complex world of crypto with clear visuals and intuitive actions.
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The wallet's homepage and swap interface.

Beyond Basic Storage

  • Cryptocurrency Powerhouse: Store, buy, sell, and swap a vast array of cryptocurrencies (10M+!), all within the app.
  • Earning Potential: Stake your crypto for rewards (24+ supported coins) and leverage the Earning Estimator to visualize your potential gains.
  • NFT Hub: Buy, sell, mint, and store NFTs, expanding your crypto journey into the exciting world of digital collectibles.
  • DApp Discovery: Explore the ever-evolving DeFi landscape by seamlessly connecting to DApps (decentralized applications) directly through Trust Wallet.
  • Fiat Integration: Deposit crypto easily from exchanges and utilize crypto-to-fiat solutions like Ramp and MoonPay for added convenience.
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Different options for earning.
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And the fiat integration.

Cost-Effective Choice

  • Free to Download & Use: Trust Wallet doesn't charge for downloads or basic usage.
  • Transparent Fees: All fees incurred are network gas fees and third-party provider fees, with Trust Wallet not taking a cut.
  • Community-Driven: Trust Wallet is actively developed by a passionate community, constantly seeking ways to improve the user experience and feature set.

3. How Do You Get Started with Trust Wallet?

Ready to dive into the exciting world of crypto? Trust Wallet makes it easy, even for newcomers. Here's how to get started with this versatile mobile wallet in just a few simple steps:  

  1. Download Trust Wallet from the official sources.
  2. Launch the app and choose "Create a New Wallet."
  3. Accept the Terms of Usage and save your recovery phrase, which is crucial for accessing your wallet.
  4. Verify your recovery phrase and complete the backup process.
  5. Once completed, your wallet is ready for use with an initial list of coins available for funding.
  6. Personalize your wallet by setting a name in the app's local settings.
  7. You can create a maximum of 15 wallets using the app by following the specified steps in the Settings menu.  
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A simple tour before you can start using the wallet.

Trust Wallet shines with its user-friendly interface. Setting up is a breeze, and clear instructions guide you every step of the way. Whether you're a crypto newbie or a seasoned pro, you'll feel right at home.

Trust Wallet goes beyond just storing your coins. It seamlessly integrates with Binance for easy buying and selling, and even lets you store NFTs and explore the exciting world of Web3. Plus, you can connect your Trust Wallet to a Ledger hardware wallet for an extra layer of security – perfect for those who value maximum protection.

While Trust Wallet offers basic investment tracking tools, those seeking in-depth analysis might need to explore Binance's website or other resources. But hey, starting with the basics is a great foundation!

4. How Does Trust Wallet Support Its Users?

Trust Wallet doesn't just offer a sleek interface and diverse crypto features; it prioritizes user experience with a robust support system. Whether you're a seasoned crypto enthusiast or a curious newcomer, Trust Wallet has your back:

Customer Support

Trust Wallet's approach to customer support is multifaceted, ensuring users can find help whenever they need it. Here are the main avenues for support:

  • 24/7 Availability: Users can reach out to the customer support team at any time, demonstrating Trust Wallet's commitment to being there for its users around the clock.
  • Multiple Channels: Support can be accessed through an online contact form, email, and phone, catering to different preferences. Furthermore, there's a provision for live chat in community groups, making it easy for users to get quick responses.
  • Help Center: The Help Center is a goldmine of information with guides, FAQs, and community discussions. Whether you're troubleshooting or curious about a feature, the Help Center likely has your answers.
  • Knowledge Base: This is another resourceful tool where detailed answers to common questions are provided. It's perfect for self-service support, allowing users to solve problems on their own efficiently.
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An FAQ Hub with various topics and tutorials.

Community and Resources

Trust Wallet goes beyond just addressing issues; it fosters a sense of community and continuous learning among its users.

  • Crypto Community Hub: A vibrant hub where users can stay updated with Trust-related news, learn crypto basics, and access transfer guides, blogs, FAQs, and how-tos. It's a treasure trove of information for both newbies and seasoned crypto enthusiasts.
  • Multilingual Support: Reflecting its global user base, the community is available in multiple languages, including English, Arabic, Bangla, Brazilian, Chinese, and many others. This inclusivity ensures that language barriers don't hinder users' ability to get support and information.
  • Social Media Communities: Trust Wallet maintains a strong presence on platforms like Twitter, Facebook, Instagram, LinkedIn, and Telegram. These platforms not only serve as additional channels for support but also as spaces where users can connect with each other and stay abreast of the latest developments.

Conclusion: Is Trust Wallet Worth It?

Trust Wallet offers a user-friendly and secure hot wallet solution, appealing to beginners and casual crypto users. It provides diverse asset support, a simple interface, and integrated features. However, advanced users or those managing significant funds may favor wallets with enhanced security and advanced tracking capabilities. Always conduct thorough research before investing in crypto.  

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