Home Reviews Trust Wallet Review in 2023: Pros, Cons, and Features

Trust Wallet Review in 2023: Pros, Cons, and Features

Justin Murphy
Last Updated November 29, 2023 12:11 PM
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In this Trust Wallet review for 2023, I’ll provide you with a thorough overview of all the essential details.

We’ll delve into Trust Wallet’s fee structure, and examine its staking possibilities.

You’ll have a clear understanding of whether Trust Wallet offers a secure environment for your crypto assets.

Disclaimer: Investing in cryptocurrencies carries significant risk. Values are highly volatile. Never invest more than you can afford to lose. This site does not provide financial advice. Act based on your own research and consult with a financial professional before making decisions. Don’t invest unless you’re prepared to lose all the money you invest.

Affiliate disclosure: This website may contain affiliate links, which means we may earn a commission if you click on a product link and make a purchase/register.

Key Takeaways

  • An established brand
  • Great security
  • User-friendly
  • Supports over 70 blockchains

Pros and Cons of Trust Wallet


  • Offers a range of cryptocurrencies and NFTs
  • Decentralized platform
  • Staking tools for earning passive income
  • Non-custodial wallet
  • Open-source software
  • Available on Android and iOS devices
  • Has a built-in web3 browser
  • Provides a recovery seed phrase during setup


  • No cold storage available
  • Limited customer support
  • There’s no desktop version available
  • Doesn’t integrate with hardware wallets

Discovering Trust Wallet: Concise Overview

trust wallet

Trust Wallet serves as a mobile cryptocurrency wallet. It operates on a non-custodial basis.

Non-custodial wallets work independently of third-party entities for asset management. Trust Wallet empowers you with full authority over your cryptocurrency holdings. It’s securely safeguarding your private keys on your device.

It embodies the ever-progressing realm of digital asset management.

Under the ownership of Binance , Trust Wallet offers a distinctive mix of security and user-friendliness. It supports over 70 blockchains and facilitates access to an array of 4.5 million crypto assets.

A standout attribute of Trust Wallet is its compatibility with multiple blockchains. Trust Wallet supports Bitcoin, Ethereum, and Binance Smart Chain.

This multi-chain adaptability allows you to oversee various crypto assets within a single wallet. It streamlines the management process and reduces the need for numerous applications.

Navigating the cryptocurrency landscape can be overwhelming, especially for newcomers. Trust Wallet tackles this challenge with its intuitively designed interface, prioritizing user-friendly interaction.

Furthermore, Trust Wallet’s seamless integration with decentralized applications (DApps) unveils exciting opportunities. You can actively participate in the decentralized finance sector. There are also various gaming platforms to explore.

Trust Wallet: Background Insights

Founded by Viktor Radchenko in November 2017, Trust Wallet is located in California. It was acquired by Binance in July 2018.

While Trust Wallet itself doesn’t impose any fees, you may encounter something known as “transaction fees.” These fees resemble the cost of mailing a letter, but in the realm of cryptocurrencies.

They’re not determined by Trust Wallet. Instead, they depend on the respective networks of the cryptocurrencies you’re utilizing. When sending Bitcoin, Ethereum, or any other digital coins, you may be required to pay a small fee to the network.

Trust Wallet is all about simplifying and securing cryptocurrency management. However, always exercise caution and remain mindful of transaction fees.

Trust Wallet: Simple and Powerful Features

Trust Wallet is a user-friendly app and browser extension that puts you in control of your crypto. It’s a non-custodial wallet, meaning you have full authority over your private keys. Plus, Trust Wallet offers a range of handy services:

Buy crypto the way you want Select from 100+ fiat currencies, and buy the crypto you want
Global coverage Top up your wallet with Apple Pay, Google Pay, debit and credit card, or bank transfer.
100+ local fiat currencies Convert USD, EUR, GBP, and 100+ other fiat currencies to crypto
Competitive rates Secure the best rates from trusted payment providers
Download your crypto Wallet Available for iOS, Android, and desktop browsers

Trust Wallet Services

User-friendly design

Trust Wallet is designed for easy navigation. Whether you’re new to crypto or a seasoned user, its intuitive layout makes sending, receiving, and exploring wallets a breeze.

Browser extension


This feature was introduced on November 14, 2022. The browser extension supports:

  • Ethereum
  • Solana
  • All EVM chains, (BNB, Avalanche, and Polygon.)

Wallet compatibility

Trust Wallet lets you import various wallets. It is convenient to manage them all in one place. You can even link your MetaMask wallet for quick access to Ethereum.

Diverse coin support

trust wallet

Trust Wallet supports over 70 blockchain standards. Whether you’re into Ethereum, Cardano, Solana, Tether, or Polygon, Trust Wallet has you covered. It even accommodates popular meme coins like Pepe, Shiba Inu, Dogecoin, and FLOKI.

NFT integration

Trust Wallet isn’t just for regular crypto. It also supports NFTs, allowing you to manage and store Ethereum and BNB Chain NFTs. You can also trade them on platforms like OpenSea.

Compatible with trading bots

If you’re into automated crypto trading, Trust Wallet seamlessly integrates with trading bot platforms. CryptoHopper, 3Commas, and Shrimpy bring advanced tools and portfolio management options.

Card payments for crypto

You can link your debit or credit card to Trust Wallet for easy crypto purchases. It’s like turning your regular card into a crypto tool.

In-App decentralized exchange (DEX)

Trust Wallet boasts its own native DEX. The integrated dApp browser lets you interact with decentralized applications . You can explore NFT marketplaces.

Then, you can buy and sell assets within the app using either the swap or exchange options. Still, this exchange option is available for BNB and BEP-2 token standards only.

Trust Wallet combines simplicity with powerful features. It is an excellent choice for anyone looking to take control of their crypto assets.

User experience

Trust Wallet offers a user-friendly experience. It adapts smoothly to different devices, including desktops, mobiles, and browsers. Users worldwide can conveniently access and manage their digital assets wherever they are.

During setup, emphasis is placed on the security of the recovery phrase. Being a DEX wallet, Trust ensures users have full control over their assets. It goes beyond mere storage, supporting a wide range of digital assets and staking options.

Setup process

Getting started with Trust Wallet is a breeze.

This non-custodial decentralized wallet allows for easy onboarding. Creating a Trust Wallet account is a straightforward process:

Begin by downloading the app from your respective app store.

During setup, users are prompted to securely back up their recovery phrase. This service is provided entirely free of charge.

You have the option to either create a new wallet or import your existing one using the 12-word seed phrase.

Educational resources

Trust Wallet places great importance on educating its users. The platform offers a wealth of educational resources, including tutorials, guides, and articles.

The community center on the website serves as a hub for all educational materials. It’s helping users understand various aspects of the platform. Here, you’ll find:

  • Crypto Basics: Read guides and explainers to lay a solid foundation in cryptocurrency fundamentals.
  • Transfer Guides: Learn the ins and outs of transferring valuable assets. Seamlessly import existing wallets from other crypto platforms into Trust Wallet.
  • Blogs: Gain insights into Trust Wallet’s mission to drive cryptocurrency adoption. Delve into the brand’s vision and the evolving landscape of the cryptocurrency space.
  • FAQs: Find detailed answers to common questions about cryptocurrency, blockchain technology, and Trust Wallet. Access crucial information easily.
  • How-To’s: Explore self-help guides and articles that walk you through the Trust Wallet. Understand everything from the basics to advanced features like staking, DEX, and DApps.

Is Trust Wallet Safe?

Trust Wallet is a widely recognized crypto wallet that offers users a straightforward way to manage their digital assets. But what about its safety? Let’s take a closer look at the security measures and considerations when using this wallet:

Security as a hot wallet

Trust Wallet falls into the category of hot wallets, meaning it’s connected to the internet. Hot wallets are typically used for everyday transactions and easy access to funds. This comes with certain security aspects. However, Trust Wallet implements various measures to safeguard users’ assets.

Recovery phrases

A crucial aspect of Trust Wallet’s security lies in the use of recovery phrases. When you set up your Trust Wallet, you receive a 12-word recovery phrase. This isn’t just a password; it’s your key to accessing your funds if your device is ever lost or stolen.

It’s absolutely vital that you store this recovery phrase securely. Trust Wallet emphasizes this during setup and encourages users to write it down and keep it in a safe place. Without this phrase, there’s a risk of losing access to your assets.

Top-grade encryption

Trust Wallet places a high priority on securing your assets. It employs top-grade encryption to shield your private keys and data. This encryption ensures that your information remains confidential. You’re protected from hacking or unauthorized access. Trust Wallet’s commitment to robust security extends to the very core of its infrastructure.

Binance affiliation

A unique advantage Trust Wallet holds in terms of safety is its official affiliation with Binance. Binance stands as one of the largest and most reputable cryptocurrency exchanges worldwide, known for its robust security measures.

Trust Wallet’s affiliation with Binance means it upholds the same high standards of security. This affiliation provides an additional layer of trust and reassurance for users.

Best safety tips

While Trust Wallet itself is secure, the safety of your assets relies on your practices. Here are a few extra safety tips for using Trust Wallet:

  • Beware of Phishing Scams: Exercise caution regarding phishing scams. Trust Wallet will never request your recovery phrase or personal details through unsolicited messages or emails. Always verify the authenticity of any communication.
  • Ensure Device Security: Given that Trust Wallet is a mobile app, it’s crucial to keep your device secure. Utilize a secure lock screen and enable biometric or PIN access to the app. Regularly update your device’s operating system for added security.
  • Use Reliable Sources: Only download Trust Wallet from official sources. Utilize reputable app stores to ensure you’re obtaining the genuine app. Avoid third-party app stores or unverified downloads.
  • Exercise Caution with Public Wi-Fi: When using Trust Wallet on public Wi-Fi networks, be cautious. Public networks may be less secure, so consider using a virtual private network (VPN) for extra protection.

Trust Wallet Fees

Using Trust Wallet is entirely free of charge, much like many other software wallets. There’s no need for any subscription payments. If you’re conducting regular in-app transactions or swapping cryptocurrencies, Trust Wallet won’t impose any additional fees.

However, there is something called a “network fee” that you might need to cover. This fee can be adjusted to suit your preferences.

Now, if you’re purchasing crypto directly within the Trust Wallet app, there is a small cost involved. Trust Wallet adds a 1% fee on top of any fees that third-party exchanges may charge you.

Here’s an interesting twist – you have the ability to waive this fee. How? By holding a minimum of 100 Trust Wallet native tokens, known as $TWT.

And these $TWT tokens can take different forms, such as TWT BEP2, TWT BEP20, or TWT SPL. So, if you hold these tokens, you won’t have to pay that additional fee when buying cryptocurrencies.

Supported Countries

Trust Wallet extends its cryptocurrency trading and wallet services globally. It’s accessible across all continents. You can find a list of specific countries on the website.

The parent company of Trust Wallet, Binance, has a strong international presence. It operates in 11 cities worldwide, with its main headquarters in Ta’Xbiex, Malta.

Trust Wallet’s primary office is located at 156 2nd St in San Francisco. It collaborates closely with Binance’s global network to provide services in numerous countries.

This widespread support and global accessibility reflect Trust Wallet’s dedication to advancing decentralization.

Deposit and Withdrawal Methods

Trust Wallet offers users a variety of convenient options for depositing and withdrawing funds. Here are the key methods and features:

Debit/credit card purchases

Trust Wallet allows users to link their debit or credit cards, streamlining the process of acquiring digital assets directly through the wallet.

Incoming and outgoing transfers

Users can perform both types of transfers within Trust Wallet. Incoming transfers allow for deposits from external sources, while outgoing transfers enable users to send their digital assets to other wallets or exchanges.

In-wallet swaps

Trust Wallet provides in-wallet swap functionality, allowing users to exchange one cryptocurrency for another without leaving the wallet. This feature enhances flexibility and efficiency in managing various digital assets.

Buying crypto with fiat money

Trust Wallet is suitable for purchasing cryptocurrencies using traditional fiat currency. This accessibility simplifies the process of entering the world of digital assets, enabling seamless conversion from traditional currency to cryptocurrencies within the wallet.

Withdrawing from Trust Wallet

The wallet supports the withdrawal of digital assets. It allows users to transfer their cryptocurrencies from Trust Wallet to other wallets or exchanges. This feature ensures that users have full control over their assets.

Customer Support and Assistance

Trust Wallet offers various resources for users seeking assistance and solutions to inquiries:

Ticketing system

Trust Wallet employs a ticketing system that enables users to submit specific inquiries and receive personalized support. This system streamlines the support process, ensuring that user concerns are addressed.

Email support

Users can directly contact Trust Wallet’s support team via email, allowing them to articulate their concerns and receive personalized assistance from the Trust Wallet support staff.

Self-help guides and articles

Trust Wallet provides self-help resources. It includes guides and articles, covering a range of topics related to crypto management, wallet usage, and troubleshooting. These comprehensive materials offer answers to common questions.

Contacting Trust Wallet

If you ever need to get in touch with Trust Wallet or stay updated on the latest news, here are some ways to do so:

  • Website: Visit the official website at Trust Wallet Website. It’s the central hub for all things related to Trust Wallet.
  • Twitter: For quick updates check out the official Twitter page: @TrustWalletApp.
  • LinkedIn: If you’re more inclined towards the professional side of things, you can find Trust Wallet on LinkedIn.
  • Telegram: Want to chat with fellow crypto enthusiasts and Trust Wallet experts? Join the Trust Wallet Telegram group.

Mobile App

Trust Wallet’s mobile app is available for both iOS and Android devices. It offers a user-friendly interface for sending, receiving, and trading cryptocurrencies.

Trust Wallet supports a wide range of tokens and blockchain networks. These include but are not limited to:

  • Bitcoin
  • Ethereum
  • Solana
  • Polygon
  • Assets on Binance Smart Chain

In total, the app supports 70 different blockchains and over 9 million assets.

Android users can directly access decentralized applications (DApps) within the app. For iOS users, accessing DApps may require a separate process.

Trust Wallet Review: Final Thoughts

Trust Wallet is a dependable mobile wallet designed to cater to a diverse range of crypto users. Its user-friendly interface, comprehensive features, and robust security measures make it an appealing choice.

The emphasis on non-custodial control, recovery phrases, and encryption adds an extra layer of security. Staking 12+ coins, a DEX, and NFT management make it a versatile option for crypto users.

If you value mobile accessibility and a user-friendly interface, Trust Wallet might be an ideal solution.

Frequently Asked Questions

How do I create a Trust Wallet account?

Download the Trust Wallet app from the App Store or Google Play. Open the app, tap on “Create a New Wallet,” and follow the prompts to set a secure password.

Who is the CEO of Trust Wallet?

The CEO of Trust Wallet is Viktor Radchenko. He is a blockchain enthusiast and entrepreneur deeply involved in the cryptocurrency community since 2013.

Is Trust Wallet safe?

Trust Wallet provides a secure and convenient way to manage cryptocurrencies. Being that it’s a non-custodial wallet, users are responsible for securing their private keys.

Does Trust Wallet charge fees?

Trust Wallet does not charge fees for sending, receiving, or storing cryptocurrencies. However, there are network fees associated with transactions.

What assets does Trust Wallet support?

The app supports 70 blockchains and over 4.5 million assets. It also offers staking for over a dozen PoS-based cryptocurrencies.

Does Trust Wallet require KYC verification?

Trust Wallet does not ask for Know Your Customer (KYC) compliance during the setup. If you register via the website, Trust Wallet collects information like name and email address.

trust wallet