Trust Wallet has emerged as one of the most widely used cryptocurrency wallets globally, trusted by over 70 million users. Designed for both beginners and experienced crypto enthusiasts, it offers a non-custodial solution for storing, managing, and interacting with digital assets across multiple blockchains. In this comprehensive review, we’ll explore its features, security model, usability, and how it compares to other leading wallets in 2025.
Whether you're in Norway or anywhere else in the world, Trust Wallet promises seamless access to decentralized finance (DeFi), NFTs, staking, and more—all from a single interface. But does it live up to the hype? Let’s dive in.
Why Choose Trust Wallet?
Trust Wallet is a software-based, non-custodial cryptocurrency wallet launched in 2017 by Viktor Radchenko and later acquired by Binance in 2018. This strategic partnership significantly expanded its capabilities, making it deeply integrated with Binance’s ecosystem while maintaining independence across other platforms.
Here’s what makes Trust Wallet stand out:
- Non-Custodial Security: You retain full control of your private keys—no third party can access your funds.
- Multi-Chain Support: Compatible with over 70 blockchains including Ethereum, BNB Chain, Solana, Polygon, and Bitcoin.
- Asset Diversity: Stores more than 4.5 million crypto tokens and NFTs.
- Built-In Features: Swap, stake, buy crypto with fiat, and interact with dApps directly from the app.
- Cross-Platform Access: Available on mobile (iOS and Android) and as a browser extension (Chrome).
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Background and Development
Originally created as an open-source mobile wallet, Trust Wallet gained rapid popularity due to its simplicity and strong focus on decentralization. After Binance acquired it in 2018, development accelerated, adding support for new chains, improving performance, and enhancing DeFi integration.
Despite being backed by a major exchange, Trust Wallet operates independently—your funds are not held on Binance servers. Instead, all data is stored locally on your device, reinforcing its status as a truly self-custodied solution.
Its mission aligns with the core principles of blockchain: ownership, privacy, and freedom from intermediaries.
How to Store Cryptocurrency in Trust Wallet
Getting started with Trust Wallet is straightforward. Follow these steps to set up your wallet securely.
Step 1: Download and Create a Wallet
- Visit the official Trust Wallet website or download the app from the App Store (iOS) or Google Play (Android).
- Open the app and select “Create a New Wallet.”
- Accept the terms of service.
- Write down your 12-word recovery phrase (seed phrase)—this is critical for restoring access if you lose your device.
- Confirm the phrase in order.
- Set a secure password for app access.
⚠️ Never share your seed phrase with anyone. Anyone who has it can take full control of your wallet.
Step 2: Connect to Web3 Platforms
Trust Wallet allows you to connect to decentralized applications (dApps) such as:
- Decentralized exchanges (e.g., PancakeSwap)
- NFT marketplaces
- Metaverse platforms
- DeFi lending protocols
To connect:
- Go to the dApp’s website.
- Click “Connect Wallet”.
- Select Trust Wallet from the list.
- Approve the connection on your device.
This enables seamless interaction without exposing your private keys.
Step 3: Send, Receive, and Store Crypto
- Receive Crypto: Tap “Receive,” select the asset, and share your public address or QR code.
- Send Crypto: Tap “Send,” choose the token, enter the recipient’s address, and confirm the transaction.
- Store Assets: All supported tokens appear automatically once received.
Always double-check addresses before sending—transactions are irreversible.
Key Features of Trust Wallet
Wide Range of Supported Cryptocurrencies and NFTs
With support for over 4.5 million digital assets across 70+ blockchains, Trust Wallet is one of the most versatile wallets available. It supports major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), BNB, Solana (SOL), Dogecoin (DOGE), and emerging tokens from new projects.
It also fully supports NFTs across multiple standards (ERC-721, ERC-1155), allowing you to view, send, and receive digital collectibles.
Multi-Blockchain Compatibility
Unlike single-chain wallets like MetaMask (which primarily focuses on Ethereum), Trust Wallet supports:
- BNB Smart Chain
- Polygon
- Avalanche
- Arbitrum
- Optimism
- Cardano
- Polkadot
- And many others
This multi-chain approach makes it ideal for users active across various ecosystems.
Built-In Staking (Trust Wallet Staking)
You can earn passive income through staking directly within the app. Supported stakable assets include:
- Binance Coin (BNB)
- Cosmos (ATOM)
- Algorand (ALGO)
- Tezos (XTZ)
- Osmosis (OSMO)
- Kava (KAVA)
- VeChain (VET)
Rewards are distributed over time, similar to earning interest on a savings account.
Buy and Swap Crypto Instantly
Trust Wallet integrates with multiple third-party providers (like MoonPay and Ramp) to let you:
- Buy crypto using credit/debit cards or bank transfers
- Swap between different tokens instantly using decentralized exchanges
Fees vary depending on the provider and network congestion.
Real-Time Price Tracking
The wallet includes built-in price charts and market data for all supported assets. While not unique among modern wallets, this feature helps users monitor portfolio performance without leaving the app.
User Interface and Experience
Trust Wallet boasts a clean, intuitive design that’s easy to navigate—even for beginners. The layout is consistent across mobile and browser extensions, ensuring a smooth experience regardless of platform.
Key highlights:
- Clear menu structure
- Instant access to recent transactions
- Simple navigation between assets, dApps, and settings
However, withdrawing funds to fiat requires external steps—you must send crypto to a centralized exchange (like Binance or OKX) and convert it there. This extra step may confuse less experienced users.
Also, there have been reports of users sending funds to incorrect addresses due to human error. Always verify addresses carefully before confirming transactions.
Customer Support Limitations
One of Trust Wallet’s biggest drawbacks is its limited customer support.
There is no live chat or phone support. If you encounter issues:
- You’re directed to FAQs or community forums.
- For unresolved problems, you can submit a request via email.
- Response times are often slow—sometimes taking days or weeks.
Since Trust Wallet is non-custodial, they cannot recover lost passwords or seed phrases. Responsibility lies entirely with the user.
This lack of support can be frustrating during emergencies like accidental transfers or technical glitches.
Security: Is Trust Wallet Safe?
Yes—when used correctly. As a non-custodial wallet, Trust Wallet ensures that only you control your private keys. No server stores your data, reducing the risk of large-scale hacks.
However, it's not immune to threats:
Phishing Attacks
Scammers often create fake websites or dApps that mimic legitimate ones. If you connect your wallet to a malicious site, attackers can drain your balance.
✅ Best practices:
- Only connect to verified dApps.
- Never enter your seed phrase on any website.
- Use hardware wallets for large holdings.
Software vs Hardware Wallets
Trust Wallet is a software wallet, meaning it runs on internet-connected devices—making it more convenient but less secure than hardware wallets like Ledger or Trezor.
For maximum security:
- Use a hardware wallet for long-term storage.
- Reserve software wallets like Trust Wallet for daily transactions.
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Trust Wallet vs Other Crypto Wallets
Trust Wallet vs OKX Wallet
Feature | Trust Wallet | OKX Wallet |
---|---|---|
Blockchain Support | 70+ chains | ~50 chains |
Supported Assets | 4.5M+ | ~1M+ |
Staking | Yes | Yes |
Fiat On-Ramp | Yes (via partners) | Yes |
Wallet Recovery | No (seed phrase only) | Yes (with account backup) |
Customer Support | Limited | Stronger support system |
While Trust Wallet supports more chains, OKX offers better user protection through optional account recovery—a rare advantage in self-custody wallets.
Trust Wallet vs MetaMask
Feature | Trust Wallet | MetaMask |
---|---|---|
Primary Chain | Multi-chain | Ethereum-focused |
Mobile App | Native app | Browser extension + mobile |
Staking | Built-in | Requires dApp integration |
Ease of Use | Beginner-friendly | Moderate learning curve |
Trust Wallet wins in multi-chain flexibility and mobile usability.
Final Verdict: Should You Use Trust Wallet?
Pros:
- Non-custodial and secure
- Supports vast array of tokens and blockchains
- Integrated DeFi, staking, swapping
- Free to use with no hidden costs
- Trusted by millions worldwide
Cons:
- No account recovery option
- Vulnerable to phishing attacks
- Limited customer support
- High third-party fees for swaps and purchases
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Frequently Asked Questions (FAQ)
Is Trust Wallet safe to use?
Yes, when used responsibly. Since you control your private keys and no third party holds your funds, it's considered secure. However, you must protect your seed phrase and avoid suspicious dApps.
Can I recover my wallet if I lose my phone?
Yes—if you have your 12-word recovery phrase. Without it, access to your funds is permanently lost.
Does Trust Wallet work on Windows?
There is no standalone desktop application for Windows. However, you can use the Trust Wallet Chrome extension on Windows PCs.
Is there a fee to use Trust Wallet?
The wallet itself is free. However, transaction fees (gas fees) apply when sending crypto or using dApps. Third-party services like buying or swapping may charge additional fees.
Can I stake crypto in Trust Wallet?
Yes. Trust Wallet supports staking for several Proof-of-Stake coins including BNB, ATOM, ALGO, XTZ, and others.
Does Trust Wallet require KYC?
No. You don’t need to provide personal identification to create or use a Trust Wallet—perfect for privacy-conscious users.
In conclusion, Trust Wallet remains a powerful tool for managing digital assets in 2025—especially for those active in DeFi and multi-chain environments. While its security model is robust, user responsibility is paramount. For added peace of mind, consider pairing it with a hardware wallet or exploring alternatives like OKX that offer recovery mechanisms and stronger support systems.