Topic: Do you continue to trust Trust Wallet? - page 2. (Read 1069 times)

Hardwar wallet can be used as a cold wallet to store your crypto. That how i do it with my wallet. I don't interact with any dapps through my cold wallet so that they won't get any approval which can cause problem for me if any exploit happens. For the general use a multi wallet like trust, Exodus can be the best choice for a users as it support most of the major crypto in a single wallet. That means a user can use all the major layer 1 projects without switching between different wallets for all the layer 1.

For greater control and security, we consider managing our crypto in a personal crypto wallet instead of leaving it on CEXs. To interact directly with blockchains and manage crypto, we need a crypto wallet application. In the past, I used the MEW website for Ethereum account management. Since 2020, I've preferred mobile apps, specifically TrustWallet on iOS. I still rely on it on my old iPhone for occasional crypto trades.

While I've enjoyed using TrustWallet as a regular user - it's fast, user-friendly, and supports a wide range of blockchains ^[1] - recent security concerns require attention: SECBIT Labs, a security research firm (not affiliated with the SEC), identified a potential vulnerability in TrustWallet's iOS app. This issue allegedly stemmed from code using functions meant only for testing. These functions could have generated weak private keys, making it easier for attackers to steal crypto from affected accounts. The timeframe in question is for wallets created between February and August of 2018 ^[2].

While I'm glad I missed the 2018 TrustWallet vulnerability, it raises concerns about potential unknown issues. After all, even established hardware wallets like Ledger had problems recently ^[3].

While I've been a loyal TrustWallet user, recent events have prompted me to diversify my crypto storage. I'm trying out SafePal on iOS for additional security. Hardware wallets have also piqued my interest, and I plan to research and invest in one soon using some of my uptrend gains. There's no denying the convenience of mobile crypto wallets, but it's a trade-off for the enhanced security hardware wallets offer.
I would like to know your views on crypto wallets:

• Are you using TrustWallet? Will you continue to trust TrustWallet?
• Are you using other crypto wallet apps?
• Is a hardware wallet really necessary for your crypto investment?

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References:
[1] Trust Wallet Review 2024 – Everything You Need to Know
[2] Old Trust Wallet iOS vulnerability from 2018 may still affect some accounts
[3] What We Know About the Massive Ledger Hack

I also understand the value of hardware wallets, but to be honest, at this time, part of my assets are still on CEXs in the Simple Earn and Staking programs, the rest are on TrustWallet to participate in DEXs. At the same time, I also want to take advantage of every USD to buy BTC every week, so hardware wallets are still one of the goals that I have not yet targeted at this time. For now, I still trust TrustWallet on my iPhone, I also only use this old iPhone to install and use TrustWallet, which makes me feel quite safe.

Don't think too much about the unfriendliness of using hardware wallets, they are made for higher security and are not concerned with visual appearance alone. and not just about security in the Trustwallet application but the security of the device you use. it will be vulnerable if exposed to malware and you should know that any device can be hacked in ways that you haven't thought of, so you need to be alert about that. Setting aside a small profit for an HW that doesn't even reach $100 is a good idea to do if you care about the assets you hold.

This is exactly the point that should be canvassed. It shouldn't necessarily be about a particular wallet. We humans are supposed to be responsible for the safety of our wallets (and other stuff we make use of). Again, I've been using Trust Wallet as far back as first quarters of 2021 and I've had funds in the wallet from then till now without having any issue of hack or breach. 2021 till now is a whole three years and nothing has happened to that particular wallet. The mistake many people make is to expose main wallets they use and make them vulnerable by clicking on links connected to their browser. If anyone has a wallet with funds, it's advisable not to interact directly with DApps on the wallet. Just buy funds with another wallet and move it to the main wallet or simply buy using the project's CA. Don't engage in any other thing on the site so as not to click on phishing links.

As of now, we have not had any unfortunate incidents for TrustWallet users. Perhaps the possibility of users accidentally disclosing their private keys to hackers is greater than the possibility of a security vulnerability within the TrustWallet application.

If possible, a hardware wallet will always be a better choice, even though I have consulted and do not like its unfriendliness during interaction. I am still temporarily using TrustWallet on iPhone and trust it. I will think about buying a hardware wallet from the profits this season to store BTC for the next crypto winter.

Yes, trust wallet is easy to use and I have never had any technical problems while using the wallet/app, and I only use it for micro transactions/daily transactions, not as the main wallet.

The only issue that I have experienced with trustwallet is the bitcoin fees problem, a few months ago the mempool was clogged by ordinal spams and it caused the fees rising high.
And the trust wallet will automatically use the most expensive fees so that the transaction can be confirmed in the next block.
Because of that, I was forced to export BTC wallet seed phrase from trustwallet to electrum.

I think it's still okay to use now because I'm not facing any issues at the moment. Also, I haven't heard anything about this issue happening in the market today.
As far as I know, there are still many people who use it, from what I can see.

Although sometimes the fee in Bitcoin is high, it is still not a big issue. It really depends on the users who use it. Just what if they think it's okay to use it, and if in doubt, don't use it?

But in this case whatever the wallet is the most important thing is how we manage it well because in the end fraud and hackers occur because we are negligent in the security of the wallet we have so that no matter how good the wallet is but if we are negligent asset theft can still be done in the end.

If you don't trust any wallet, how will you store your coins. There are some wallets that we can trust and there are others that we can't trust. Some of the wallets that we can trust are hardware wallets that has been use by many individuals and no faults has been found in the wallet. hardware wallet are offline therefore hackers can not have access to your wallet unless you give them access by not being very careful how you store your seed phrase or you went and stored them online.

The wallets we can't trust are online wallet as they are online and hackers can hack them very easy. Online wallets don't have a good security but a hardware wallet has good security features. Also closed source wallet can't be trusted too and trust wallet is a close source wallet therefore if we are using them we shouldn't keep a large sum of stablecoin or our cryptocurrency on them as they can be frozen.

As an investor and a crypto trader you shouldn't trust any wallet not even trust wallet you can use them for the main time to store your funds maybe after which you can move them to place you know is a bit safe even as that you don't have to totally rely on the wallet because hacker can still hack any wallet apart from offline wallet /hardware walleted phrase otherwise hacking is inevitable.

$69 for a security is very cheap especially since the assets I own are even more than the price of the hardware wallet I own. if someone doesn't use a wallet with guaranteed security, they only take refuge in security that is quite vulnerable such as trustwallet. and it also depends on who the user is, because hardware wallets also require vigilance and security in storing the seed phrase so that it cannot be accessed by anyone and it is very important to maintain it properly.

It's more important to prevent before anything bad happens to them so the key is that hardware wallets will be much safer especially for the long term so it's better to spend $69 on Trezor than risking so many assets on software wallets.

For daily activities then with Trustwallet alone it is enough and now I prefer to metamask for PC on mobile OKX web3, actually the same function but the important thing is not to be careless because when you fail to undergo security on your assets then it can be lost.

I still use a trust wallet to this day because it does make it a little easier to do some transactions but that doesn't mean it can be used as a long-term storage of our assets because after all, looking at the current situation, especially trust wallets that are affiliated with binance, this should definitely be considered more if you really want to store large assets for the long term.
As for whether it is necessary to use a hard wallet to store our assets if indeed you are able then indeed this is possible to do because even in this case Hard Wallet security also sometimes there are still some situations that can be penetrated but in the end this is better than cloud wallets or centralized wallets.

But in this case whatever the wallet is the most important thing is how we manage it well because in the end fraud and hackers occur because we are negligent in the security of the wallet we have so that no matter how good the wallet is but if we are negligent asset theft can still be done in the end.