Trust Wallet - Trustworthy? - page 4.

AndRE177

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Quote from: alphaboon on October 18, 2019, 07:19:35 AM

I am using Trust Waklet on my handphone. Basically it stores all my coins. But I wonder is it safe? What if my phone crash. What if I buy a new phone and need to transfer the wallet over? Is there any best practices for Trust Wallet. This is basically my entire fortune and I am trying to be as safe as possible

There is nothing more reckless than to store all your coins in one wallet, and even installed on the phone, which you can steal, hack or infect with a virus. This is a very unsafe way to store coins. I do not recommend that you keep all your coins on it.

nelson4lov

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Quote from: xOdiumNostrumx on October 19, 2019, 08:51:59 AM

Definitely one of the most trustworthy crypto hot wallets in existence, but then again, it can be breached if your phone/OS has a security exploit or something similar, so its not bulletproof, but as a standalone application its of the highest tier.

That's it. Like I said yesterday, Trust Wallet provides maximum security and takes the heavy lifting off securing their users digital assets. But the users too have to play a small but vital role. One of which is ensuring their their private keys are properly and safely stored. Another tip is revealing too much information about their wallets and staying safe on the web. If users play their part right, Trust Wallet will do the rest.

DabsPoorVersion

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Quote from: Gotumoot on October 19, 2019, 06:05:30 AM

Quote from: alphaboon on October 18, 2019, 07:19:35 AM

I am using Trust Waklet on my handphone. Basically it stores all my coins. But I wonder is it safe? What if my phone crash. What if I buy a new phone and need to transfer the wallet over? Is there any best practices for Trust Wallet. This is basically my entire fortune and I am trying to be as safe as possible

The trust wallet is Binance's official wallet, so it will be trusted as it is held by a stable exchange. And its security depends on you, Avoid downloading or clicking not sure where to use it.

Thats why we cant trust their wallet, binance is a big exchange and it is popular in as a secured exchange.
Trust wallet is also made to secure its users and protect them from hacking.

Quote from: Gotumoot on October 19, 2019, 06:05:30 AM

Quote from: ?? on ??

It is safe and you can trust your funds with that wallet. Its security will assure that your funds will not be taken that easily as long as you don't leaked any information of it. It is also user friendly, you can use it as easy as you can, because it was built as user friendly.

Yes this is what I mean, We must be careful when using any wallet, In order not to fall prey to hackers.

Yes especially to suspiscious links and also we should avoid downloading unnecessary apps to avoid malware.

masterrex

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Quote from: alphaboon on October 18, 2019, 07:19:35 AM

I am using Trust Waklet on my handphone. Basically it stores all my coins. But I wonder is it safe? What if my phone crash. What if I buy a new phone and need to transfer the wallet over? Is there any best practices for Trust Wallet. This is basically my entire fortune and I am trying to be as safe as possible

I think Trust wallet is safe, im using it since 2018 until now im not encountered any problems so far its good, the best thing that you can do regarding your doubt is make sure that your keys or phrases that serve your Trust wallet security intact must be in secure place and dont share it to anybody. in case that you need to change your smartphone just import your previous data through your Trust wallet recovery phrase.

xOdiumNostrumx

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Definitely one of the most trustworthy crypto hot wallets in existence, but then again, it can be breached if your phone/OS has a security exploit or something similar, so its not bulletproof, but as a standalone application its of the highest tier.

samcrypto

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Quote from: Gotumoot on October 19, 2019, 06:05:30 AM

Quote from: alphaboon on October 18, 2019, 07:19:35 AM

I am using Trust Waklet on my handphone. Basically it stores all my coins. But I wonder is it safe? What if my phone crash. What if I buy a new phone and need to transfer the wallet over? Is there any best practices for Trust Wallet. This is basically my entire fortune and I am trying to be as safe as possible

The trust wallet is Binance's official wallet, so it will be trusted as it is held by a stable exchange. And its security depends on you, Avoid downloading or clicking not sure where to use it.

There might be an additional security on this app wallet but of course you still need to protect it. If you are in doubt about the security of that wallet then buy a hardwallet where you have the control over that. I don't store much coins on my phone wallet because I know its not that safe and if something happen to my phone, they can get the money to me which I don't want to happen. Avoid downloading from unfamiliar sites, they can ruin your phone and they can get access on your accounts if you got hacked.

Gotumoot

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Quote from: alphaboon on October 18, 2019, 07:19:35 AM

I am using Trust Waklet on my handphone. Basically it stores all my coins. But I wonder is it safe? What if my phone crash. What if I buy a new phone and need to transfer the wallet over? Is there any best practices for Trust Wallet. This is basically my entire fortune and I am trying to be as safe as possible

The trust wallet is Binance's official wallet, so it will be trusted as it is held by a stable exchange. And its security depends on you, Avoid downloading or clicking not sure where to use it.

Quote from: ?? on ??

It is safe and you can trust your funds with that wallet. Its security will assure that your funds will not be taken that easily as long as you don't leaked any information of it. It is also user friendly, you can use it as easy as you can, because it was built as user friendly.

Yes this is what I mean, We must be careful when using any wallet, In order not to fall prey to hackers.

zeze18

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Quote from: alphaboon on October 18, 2019, 07:19:35 AM

I am using Trust Waklet on my handphone. Basically it stores all my coins. But I wonder is it safe? What if my phone crash. What if I buy a new phone and need to transfer the wallet over? Is there any best practices for Trust Wallet. This is basically my entire fortune and I am trying to be as safe as possible

I think it's just safe as MEW mobile. They keep the private key locally and they give us the backup code that we can recover our wallet if we lost it on our phone.
I think it's really safe as a mobile wallet, but not safer than hardware wallet which we can access online

tenakha

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Quote from: alphaboon on October 18, 2019, 07:19:35 AM

I am using Trust Wallet on my handphone. Basically it stores all my coins. But I wonder is it safe? What if my phone crash. What if I buy a new phone and need to transfer the wallet over? Is there any best practices for Trust Wallet. This is basically my entire fortune and I am trying to be as safe as possible

Actually, I do not think keeping the wallet on the phone is the right idea. It is safer to have it on your PC. Because sometimes your phone may not be in yourself or it can be stolen, which means you have lost all your funds.

If something happens to your phone, you will use the backup code provided to back it up to another device.

To be safe, you should keep the backup code in a safe place.

Winscosinally

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Quote from: alphaboon on October 18, 2019, 07:19:35 AM

I am using Trust Waklet on my handphone. Basically it stores all my coins. But I wonder is it safe? What if my phone crash. What if I buy a new phone and need to transfer the wallet over? Is there any best practices for Trust Wallet. This is basically my entire fortune and I am trying to be as safe as possible

Trust wallet is safe, basically any crypto wallets that gives its users private keys or recovery words are safe, with the keys you can import into other wallets and you will find your coins on the wallets, you can import to other wallets as well, i used copay in the past and i am using my recovery seed on coinomi wallet today, no coin lost so far

Bitfling

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Quote from: alphaboon on October 18, 2019, 07:19:35 AM

I am using Trust Waklet on my handphone. Basically it stores all my coins. But I wonder is it safe? What if my phone crash. What if I buy a new phone and need to transfer the wallet over? Is there any best practices for Trust Wallet. This is basically my entire fortune and I am trying to be as safe as possible

I am a Trust wallet user to save coins that I have and to date have no significant problems. Even when we use a new phone, we can easily install it again as long as we hold the seed words. The most important thing is to safely guard the seed words that we have and not share them with other parties

Alluro

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Trust Wallet is the Binance's official wallet. That means you can understand Trust wallet has better security than other wallets. But I personally recommend hardware wallets to store your funds. You can import your wallet's private keys or mnemonic phrases to when you buy a new phone.

timmmers

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Every wallet offers to backup a seed, also Trust Wallet has this feature, so when you loose your phone, you can restore it.
And if you are afraid that someone steals your cryptocurrencies, then protect your phone with PIN code or fingerprint option.

Kimzenibi

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I use trust wallet on daily basis, it's cool with great features. Try to backup your private key on paper, then store somewhere safe so you don't lose your assets when you change mobile device.

ashmodeus

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well, since binance make public announcement about the acquisition of Trust Wallet . i changed my mobile wallet from coinomi to trust wallet.
binance have a good reputation , so i believe it will not be dissapointmen me. and no one problem from that wallet, clean interface and high level of security.

gensol

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Trust wallet has seed phrase for as much eth wallets you deploy on it. Your goal should be to keep those phrases safe and secured if your phone crashes, you can access your funds from anywhere using your seed phrase

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you should have a seed phrase or a private key to enter your wallet! Keep this phrase somewhere on a USB flash drive and if the phone breaks you can enter it on another phone and go into your wallet

kolonel_x

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Quote from: Samayuki on October 18, 2019, 01:42:13 PM

Quote from: alphaboon on October 18, 2019, 07:19:35 AM

I am using Trust Waklet on my handphone. Basically it stores all my coins. But I wonder is it safe? What if my phone crash. What if I buy a new phone and need to transfer the wallet over? Is there any best practices for Trust Wallet. This is basically my entire fortune and I am trying to be as safe as possible

Trust wallet interface is the main reason why i like it, its very easy to use by anybody, most popular wallets have private keys or recovery seeds as backup so all you have to do is write the backup down somewhere very secured, doing this you will always have access to your coins

I also have long been using the Trust Wallet wallet, the comfort that I feel when using Trust Wallet, easy to make the Backup way is also easy, so I think this wallet is very safe without worrying.

Samayuki

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Quote from: alphaboon on October 18, 2019, 07:19:35 AM

I am using Trust Waklet on my handphone. Basically it stores all my coins. But I wonder is it safe? What if my phone crash. What if I buy a new phone and need to transfer the wallet over? Is there any best practices for Trust Wallet. This is basically my entire fortune and I am trying to be as safe as possible

Trust wallet interface is the main reason why i like it, its very easy to use by anybody, most popular wallets have private keys or recovery seeds as backup so all you have to do is write the backup down somewhere very secured, doing this you will always have access to your coins

BigBoy89

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Quote from: alphaboon on October 18, 2019, 07:19:35 AM

I am using Trust Waklet on my handphone. Basically it stores all my coins. But I wonder is it safe? What if my phone crash. What if I buy a new phone and need to transfer the wallet over? Is there any best practices for Trust Wallet. This is basically my entire fortune and I am trying to be as safe as possible

Trust Wallet itself is stable enough and trustworthy as Binance is behind it. And you could have multiple backups.
I'm using it for some micro-transactions when I'm away from my desktop.

But due to security reasons, I strongly recommend you to use your phone for just small and temporary transaction and never as the main wallet (as per your case). Phones are a lot less secure than every Desktop OS.

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