Is Trustwallet Safe? - page 8. | Bitcointalksearch.org

Rruchi man

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Quote from: ShafixNero on October 03, 2022, 03:17:17 PM

Can people hack my trustwallet?
Is it safe?

Safety can be relative and dependent on personal efforts. Asides the danger of online hackers and cyber criminals there is also the danger of offline criminals who may be disguised as friends and you maybe may become very unsuspecting towards. Trust less and make a conscious effort to protect any device housing any of your wallet from plenty hands. Tell less persons about your involvement in crypto unless on rare occasions and when it is completely important, because mentioning that you are into crypto to some individuals is often misinterpreted to mean that you have so much money.

hosseinimr93

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Quote from: Beefcake on October 03, 2022, 04:36:43 PM

As far as trust wallet, I don't know anything about it, but I don't like the name. Would you go to a dealership named "honest guys car dealership?" If they have to put it in the name, it probably isn't true. Maybe I'm just being silly, idk, but I don't trust them.

You are right that you shouldn't trust trustwallet, but that's not due to the name. That's because trustwallet is close-source and we don't know how the keys have been generated and whether they are stored on their server or not.

Quote from: jackg on October 03, 2022, 04:41:39 PM

Trustwallet is about as secure as metamask though and depends more on your computer's security than hardware would.

Metamask is open-source and much more trustworthy than trustwallet.

jackg

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Every wallet can be targeted if you don't use them properly (same goes for hardware, although most of what you have to do with hardware is decide if you initiated the transaction and if it's as you expect - although there are still some issues with smart contract signing afaik).

Trustwallet is about as secure as metamask though and depends more on your computer's security than hardware would. If you are only using it for small amounts then it's safe enough.

If you're storing high values of many tokens it would be safer to have multiple hardware wallets with different wallets/passphrases to ensure you won't get scammed when signing erc20 transactions and similar. If you're working with a few altcoins but they're of lower value, using a mix of trusted wallets is probably the most secure way (and perhaps a hardware wallet for things you're less likely to spend or for coins you need larger amounts of - for fees - like bitcoin or ethereum).

Beefcake

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Beefcake!!!

As Z said, electrum seems to have a very good reputation. As far as trust wallet, I don't know anything about it, but I don't like the name. Would you go to a dealership named "honest guys car dealership?" If they have to put it in the name, it probably isn't true. Maybe I'm just being silly, idk, but I don't trust them.

Z-tight

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Quote from: ShafixNero on October 03, 2022, 03:17:17 PM

I'm currently using Trustwallet to store my cryptocurrencies.

Trustwallet may be good for small amounts you many need for quick spending, that is if you are someone that spends crypto often, since it is a mobile wallet, it would make things easier for you to send out crypto through your mobile phone.

But if you are storing your coins for a long time, and your crypto is of a huge amount, then it is a no to use Trustwallet to store it, hot wallets are very risky, you can easily be attacked by clicking the wrong link, or falling for the wrong mail, store your funds offline in that case, you either buy a hardware wallet, or you can use electrum as a cold storage: https://electrum.readthedocs.io/en/latest/coldstorage.html

Charles-Tim

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Getting a hardware wallet or having cold/offline storage wallet is the safest. Online or hot wallets are more vulnerable to online attacks. Trustwallet is an online wallet.

Trustwallet is also close source. You do not know what Trustwallet developers are doing behind. I can not advice anyone to use close source wallet.

Never leave high amount of funds on online wallets.

For safety, get a reputed open source hardware wallet.

ShafixNero

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There are many cryptocurrency wallet softwares like metamask, trustwallet. I'm currently using Trustwallet to store my cryptocurrencies. I heard some people say that it can be hacked!
Can people hack my trustwallet?
Is it safe?
How to protect my trustwallet account?
Thanks in advance ♡

Topic: Is Trustwallet Safe? - page 8. (Read 1259 times)