Wallet Type
  • Mobile Wallet
  • Supported Cryptocurrencies
    Number of Currencies
  • 1000000 (Show More)
  • Recovery Option
  • Yes (Show More)
  • Private Key Access
  • Yes
  • Storage Type
  • Hot Storage
  • Security Level
  • Medium (Show More)
  • User Friendliness
  • Easy To Use (Show More)
  • Price
  • Free

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Trust Wallet Review

Trust wallet is a free mobile wallet that has been purchased by the world’s largest cryptocurrency exchange, Binance. The user-friendly hot wallet lets you buy Bitcoin and Altcoins as well as store over one million assets. This non-custodial wallet offers a range of impressive features, including the possibility to stake your coins and earn interest as well as access decentralised apps (DApps).

Trust Wallet Review

In this Trust wallet review, we will highlight the pros and cons of this software wallet. We will also explain how to use it and any fees that are applicable. Keep reading to learn about Trust’s security features and how to store your beloved NFT’s on this versatile wallet.

Here’s how Trust currently compares to other top-rated crypto wallets:

  • Trust
  • Ledger Nano X
  • Wallet Type
  • Mobile Wallet
  • Rating
  • 4.5/5
  • Security
  • Medium
  • Supported Currencies
  • Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Tether (USDT), TRON (TRX), Monero (XMR), EOS, Stellar (XLM)...
  • User Friendliness
  • Easy To Use
  • Price
  • Free
Trust Review
  • Wallet Type
  • Hardware Wallet, Mobile Wallet
  • Rating
  • 5/5
  • Security
  • High
  • Supported Currencies
  • Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Tether (USDT), TRON (TRX), Monero (XMR), EOS, Stellar (XLM)...
  • User Friendliness
  • Easy To Use
  • Price
  • €119 / $119 + Free Shipping Worldwide
  • Wallet Type
  • Hardware Wallet
  • Rating
  • 4.5/5
  • Security
  • High
  • Supported Currencies
  • Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Tether (USDT), TRON (TRX), Monero (XMR), EOS, Stellar (XLM)...
  • User Friendliness
  • Requires Experience
  • Price
  • €59 / $59 / £54.50 + Free Shipping Worldwide
  • Wallet Type
  • Mobile Wallet
  • Rating
  • 4.5/5
  • Security
  • Medium
  • Supported Currencies
  • Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Tether (USDT), Stellar (XLM), 0x (ZRX), Litecoin (LTC),
  • User Friendliness
  • Easy To Use
  • Price
  • Free

This ad promotes cryptocurrency within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in some EU countries and the UK., no EU consumer protection. Investments are subject to market risk, including the loss of principal.

  • Wallet Type
  • Hardware Wallet
  • Rating
  • 4.5/5
  • Security
  • High
  • Supported Currencies
  • Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Tether (USDT), Monero (XMR), EOS, Stellar (XLM), Cardano (ADA)...
  • User Friendliness
  • Requires Experience
  • Price
  • Model T €180 / $205 / £162 + Shipping
  • Wallet Type
  • Desktop Wallet, Mobile Wallet, Web Wallet
  • Rating
  • 4.5/5
  • Security
  • Medium
  • Supported Currencies
  • Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Tether (USDT), TRON (TRX), Monero (XMR), EOS, Stellar (XLM)...
  • User Friendliness
  • Easy To Use
  • Price
  • Free
  • Wallet Type
  • Hardware Wallet
  • Rating
  • 4/5
  • Security
  • High
  • Supported Currencies
  • Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Tether (USDT), DASH, 0x (ZRX), QTUM, Litecoin (LTC),
  • User Friendliness
  • Requires Experience
  • Price
  • $49 + Shipping
  • Wallet Type
  • Hardware Wallet, Mobile Wallet
  • Rating
  • 4.5/5
  • Security
  • High
  • Supported Currencies
  • Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), 0x (ZRX), Litecoin (LTC),
  • User Friendliness
  • Easy To Use
  • Price
  • $99 + Possibly Free Shipping
  • Wallet Type
  • Desktop Wallet, Mobile Wallet
  • Rating
  • 4.5/5
  • Security
  • Medium
  • Supported Currencies
  • Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Tether (USDT), TRON (TRX), Stellar (XLM), DASH, NEO...
  • User Friendliness
  • Easy To Use
  • Price
  • Free
  • Wallet Type
  • Desktop Wallet, Mobile Wallet
  • Rating
  • 4/5
  • Security
  • Medium
  • Supported Currencies
  • Bitcoin (BTC), Ethereum (ETH), 0x (ZRX), QTUM,
  • User Friendliness
  • Easy To Use
  • Price
  • Free
  • Wallet Type
  • Web Wallet
  • Rating
  • 3.5/5
  • Security
  • Medium
  • Supported Currencies
  • Bitcoin (BTC),
  • User Friendliness
  • Easy To Use
  • Price
  • Free

Supported Cryptocurrencies

Trust Wallet Cryptocurrencies

The Trust wallet is bustling with impressive features and convenient ways to manage your crypto assets. Originally designed to only support ERC20 and ERC223 tokens, the wallet is now capable of storing over one million assets across 53 blockchains.

It would take us a very long time to list the entire catalogue of supported cryptocurrencies in this Trust wallet review. Some of the most prominent coins and tokens include:

  • Bitcoin (BTC)
  • Litecoin (LTC)
  • Ethereum (ETH)
  • Stellar (XLM)
  • Binance Coin (BNB)
  • Bitcoin Cash (BCH)
  • Ethereum Classic (ETC)
  • Dash (DASH)
  • Polkadot (DOT)
  • ICON (ICX)

With the Trust wallet, you can also get hold of, store, and stake CAKE tokens. PancakeSwap is one of the most popular DApps on Binance Smart Chain (BSC) and is also a top yield farm in the DeFi market. You can convert BNB to CAKE through pools available in the DeFi section of the DApp browser.

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Connectivity

Trust is a mobile wallet that is available on Android and iOS devices. You can download one or more apps on your smartphone and tablet, getting direct access to your coins across your personal devices.

You can also download the Android 6.0+ APK to be amongst the first to experience the latest updates and features.

As we’re writing this Trust wallet review, the wallet cannot be downloaded on your PC.

Setup & Configuration

With Trust’s user-friendly and minimalist design, it won’t take you long to master the basic usage of your app. In the following section of our Trust wallet review, we will go through the most important steps.

Installation

Trust Wallet Download

To install your Trust wallet app, all you need to do is:

  1. Visit the Trust website or search for it by name on Google Play or the App Store.
  2. Download the appropriate app based on your device’s operating system.
  3. If this is your first installation of a Trust wallet, open the app and select “New Trust Wallet”.
  4. You will be provided with a 12-word seed that you must keep safe.
  5. Check the box that states that you understand that you are solely responsible for safeguarding the seed.

If you wish to access your Trust wallet from a separate device, follow the above steps. On Step 3, select “Import Trust Wallet” and enter your seed or recovery phrase.

It is very important that you store your unique, 12-word seed securely. Once activated, you will be the only person that knows this passphrase. Losing or forgetting this code means losing access to your Trust wallet and any funds stored within it.

How to Receive Crypto on Your Trust Wallet

Receiving funds onto your Trust wallet is simple and straightforward. All you need to do is:

  1. Open your Trust app and log into your account.
  2. Select your asset and click on “Receive” to view your wallet address.
  3. Copy the address or scan the QR code from the device that is sending you the funds.
  4. Click on the “Transactions” icon to check that the funds have been received. Click on “Confirm” once the funds have arrived.

How to Send Crypto From Your Trust Wallet

Just like receiving cryptocurrencies onto your Trust wallet, sending funds involves just a few simple steps. These are:

  1. Open your Trust wallet app and log into your account.
  2. Select your asset and click on the “Send” button.
  3. You will be asked to enter the destination wallet address. You can either write it, paste it or scan it using the QR code scanner.
  4. Enter the amount you wish to transfer and click on “Next”.
  5. Review your transaction details, including the applicable fee.
  6. Click on “Send” to complete your transfer.

We highly recommend that you use the QR code scanner whenever possible. This will greatly reduce the risk of an incorrect wallet address being entered.

It is also very important that you double-check the destination address to ensure that it can support the coin or token that you are sending. If, for example, you send Bitcoin to an Ethereum address, the funds will not arrive and may be lost forever.

How to Buy Cryptocurrencies on Your Trust Wallet

Trust Wallet Buy Bitcoin

You can buy a minimum of $50 worth of Bitcoin or other supported cryptocurrencies directly from your Trust wallet. The wallet makes use of a decentralised exchange that operates on the Kyber network.

To buy Bitcoin, all you need to do is:

  1. Open your Trust wallet app and click on Bitcoin.
  2. Tap on the “Buy” button and enter the amount you wish to purchase.
  3. Enter your card details to complete your payment.

You should find your new cryptocurrency instantly in your wallet.

Staking

Trust Wallet Staking

One of the key features of the Trust wallet is the ability to stake your funds. By staking, you will be able to vote on decisions relating to particular coins and generate income. In many ways, staking is similar to earning interest from your savings account.

Trust wallet boasts an extensive selection of supported staking coins and tokens. Popular coins, such as Binance Coin (BNB) can provide a return of between 7% and 30%. Meanwhile, if you stake PancakeSwap (CAKE) you can get up to 80% APR.

Security

As a mobile wallet, Trust is more vulnerable to cyberattacks than a cold storage device. Being installed on your phone or tablet, the wallet is likely connected to the Internet for most of the day. However, the team at Trust have been busy implementing security measures that are also in use by banks and other financial institutions.

The Trust wallet app features a range of security measures. These include fingerprint scanning and pin code scanning. The company behind Trust works closely with Stateful to carry out regular safety audits on its security systems. You can activate or de-activate any supported security feature directly from the “Settings” section of your app.

We’ve already mentioned this earlier in this Trust wallet review, but it is worth mentioning again that the ultimate responsibility for security lies with the user. Since Trust is non-custodial, it does not have access to the unique seed or recovery phrase. The wallet does not store any user data on its servers, so the only way hackers can get access to it is by getting the necessary data from the user.

Trust is certainly one of the most secure mobile wallets available, however, it remains vulnerable. If you plan to store substantial funds or intend to HODL cryptocurrencies, then we recommend you store them in a cold storage device, such as Ledger or Trezor. These hardware wallets are a cost-effective way to protect your funds since they are only connected to the Internet when carrying out transactions.

If your intention is to buy and sell cryptocurrencies frequently in order to profit from their volatility, you might wish to consider trading Bitcoin Contracts for Difference (CFDs). CFDs are derivatives of an asset, in this case, cryptocurrencies, and allow you to capitalise on fluctuating prices without having to buy or store the underlying asset.

It is also possible to be covered by an investor compensation scheme at some CFD trading platforms. You can find further information on our detailed CFD trading guide. You can also check out our recommended trading platforms here:

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Recovery Options

As we mentioned earlier in this Trust wallet review, this is a non-custodial wallet, Trust does not offer any recovery options directly. Your only hope to get access to your funds is if you can enter the correct 12-word seed or recovery phrase.

Comments From Crypto Investors

Trust Wallet Reviews

As part of this Trust wallet review, we have checked what other users had to say about the mobile wallet.

Feedback from Trust wallet users could certainly be better. After reviewing several platforms and social media pages we have encountered several unconfirmed instances of funds being stolen and a poor customer experience. Unfortunately, the team at Trust wallet has not responded to many of the comments and reviews we’ve seen, so it is difficult to understand whether this wallet should be trusted or not.

If you are looking for a highly-rated mobile wallet alternative, we recommend Guarda. Check out our review here.

Competitors

Trust vs Guarda

Both Trust and Guarda are mobile wallets that are available on Android and iOS devices. With Trust, you can store over one million assets, whilst Guarda supports a much lower number. However, both let you send, receive, and store Bitcoin, Litecoin, Ethereum, and other popular coins. Moreover whilst Trust offers additional services, such as staking, Guarda boasts a much better overall user experience.

Trust vs Exodus

Exodus is another example of a software wallet, though this one is available to download on your computer. Whilst Trust’s selection of supported coins and tokens far exceeds the one available at Exodus, the latter wallet enjoys a much better online reputation. Both wallets provide additional services, such as exchanging cryptocurrencies. Trust also lets you access DApps and buy coins.

Rating

4.5

Portability – 5

Security – 3.5

Ease of use- 4.5

Cryptocurrency support – 5

What are the main Trust wallet fees?

You can use the Trust wallet for free, although network charges apply. These are priced in Gas and are shown before confirmation of payment.

Do I need to register a Trust wallet account?

No, Trust lets you use its services anonymously. As a result, you do not need to register an account or provide any personal information.

Why do I need to protect the 12-seed phrase given to me by Trust wallet?

This unique phrase is the only way to recover your account should you lose access to it by other means. If you lose or forget this phrase there is no way to access your account or your funds.

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