What is Trust wallet and is it safe?

ichsan ardi

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Quote from: Coin63$ on October 02, 2022, 08:28:35 AM

There are different types of wallets in the cryptocurrency market. Trust wallet is basically a multi-currency wallet that supports all types of tokens in this wallet.Many investors and holders prefer trust wallets nowadays.Moreover, this wallet is much more secure than other wallets.

I want to know more details about this wallet from you.

Thank you everyone

trust wallet is a crypto currency wallet for sending, storing and receiving this application is supported by the world's largest binance exchange trust wallet has very strong security features such as passpharse and trust wallet has two factor authentication 2FA but the trust wallet application can also be threatened by hacker attacks. It's important to download official applications, don't download applications carelessly from strange links. STAY SAFE

coinerer

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Quote from: leonair on December 18, 2022, 12:21:23 AM

TrustWallet is a non-custdial wallet in which you will get multi-chain support.And it is a some popular wallet for smartphone wallet. But I don't think it's a completely secure wallet. Although this is a non-custodial wallet, holding a huge amount of funds is high risk. This all can be used for rough use but if you are thinking of long time hold then you are better to using Ledger ,Trezor , Metamusk wallet.

Trust wallet is now very popular as a mobile wallet and Trust wallet has become a very popular wallet especially for small investors and bounty and airdrop hunters. But in my opinion Trust wallet is not a secure wallet. Ledger , Trezor , Metamusk are always much more secure than trust wallets as you already said. So Trust wallet should be ignored for holding high amount. but holding a small amount trust wallet will be not any big problem

ije07

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Quote from: Dragon Btc on March 04, 2023, 10:47:02 AM

One of the world's hot wallets with the highest level of security is Trust Wallet. It uses bank-level security to keep your private keys secure while protecting online interactions with military-grade encryption. You may access your wallet with FaceID, TouchID, or traditional passwords. A significant plus for Trust Wallet is the fact that it is the official cryptocurrency wallet of Binance. Binance, one of the largest cryptocurrency exchanges, is betting its reputation on the security of Trust Wallet by using it.

I totally agree with this because this wallet is very secure and I have proven it all this time and with the security upgrade given on the trust wallet to one of the favorite wallets and still many features provided by the trust Wallet such as the dapp that exists on the Trust Wallet it gives us ease when want to make transactions on several platforms and it is very easy to do connect wallet because it is connected directly to the Trust wallet.

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Trust Wallet is a digital wallet without custody that employs hot storage for cryptocurrency. It is commonly regarded as one of the finest cryptocurrency wallets because of its high level of security, accessibility, and support for numerous blockchains and cryptocurrencies. Trust Wallet is the official decentralized wallet of the exchange, which Binance acquired in 2018.

Is Trust Wallet Safe?

One of the world's hot wallets with the highest level of security is Trust Wallet. It uses bank-level security to keep your private keys secure while protecting online interactions with military-grade encryption. You may access your wallet with FaceID, TouchID, or traditional passwords. A significant plus for Trust Wallet is the fact that it is the official cryptocurrency wallet of Binance. Binance, one of the largest cryptocurrency exchanges, is betting its reputation on the security of Trust Wallet by using it.

leonair

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TrustWallet is a non-custdial wallet in which you will get multi-chain support.And it is a some popular wallet for smartphone wallet. But I don't think it's a completely secure wallet. Although this is a non-custodial wallet, holding a huge amount of funds is high risk. This all can be used for rough use but if you are thinking of long time hold then you are better to using Ledger ,Trezor , Metamusk wallet.

tokyohd

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I want to know more details about this wallet from you.

Thank you everyone
[/quote]

Trust Wallet is a popular crypto wallet that allows you to securely store and trade various cryptocurrencies.

I think it is a safe crypto wallet. Because Trust Wallet is the Safest decentralized crypto wallet. Moreover Trust Wallet Crypto app employs several security measures to protect client crypto holdings against hacking or theft. So I think it's safe.

Xal0lex

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Quote from: AakZaki on October 27, 2022, 09:01:09 AM

Trustwallet is only one of the most popular crypto wallet applications out of many other wallet applications. The use of the TrustWallet Wallet application must of course be supported by good security and knowledge of its users. The wallet application on the smartphone will be very vulnerable to being hacked, especially if the user keeps the private key carelessly. Many complain that their wallets have been hacked, even though they have previously entered a private key on a phishing website or connected to an untrusted Dapps website.
Do not store large and valuable assets in trustwallet wallet applications or other wallets. It is better to use a hardware wallet which is certainly more secure.

If a Trustwallet wallet has been hacked, it is not necessarily a vulnerability of the wallet itself. Users themselves may also be guilty of this, since they can't look closely at their computer or smartphone screen and are clicking on all sorts of dubious links. Personally I like Trustwallet, finally I've waited for its browser version. The token of this wallet showed itself very well, even despite the extremely sad market.

Such inattentive people can lose their funds, even using hardware wallets, it won't save them from theft or phishing either, if they like to follow all sorts of dubious links and plug their wallets wherever they want. It's not about wallets, it's about users.

savetheFORUM

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Quote from: Jancuki on November 25, 2022, 04:48:45 AM

Trust wallets are vulnerable to hacking because the key uses the pharse method, which has previously been hacked by guessing the phrases until they are correct. This should be a consideration for looking for alternative pad keys, for myself, for wallet security, it is more convenient to use the private key (myetherwallet)method.

That is not personally made neither, there are some bots that is designed to crack it, and phrases means that you could literally try all the worlds as a combination and yes that requires a powerful computer but you would be going insane if you saw some of the botnets that these people have.

I have seen as high as 10 thousand computers (not all used by hackers, some just hacked to be part of botnets) used for one purpose. That type of power is insane and could crack any type of password or phrase. It's always better to have 2fa type of protection because that would be ever changing, and wouldn't give the botnets time to crack into it, will be a brand new one each 5 seconds or so.

SquallLeonhart

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Quote from: gabbie2010 on December 03, 2022, 02:41:03 PM

I had been a Trust Wallet user for quite a long time having ported from Metamask and myetherwallet to Trust wallet so far no issue with the wallet their user interface is perfect with dark mode as an option and easily navigable and equipped with multi-coin wallet which is an added advantage as well, it help desk also linked with many social media like facebook, Twitter, telegram, reddit etc to provide solution for any new user having any issue, it is highly recommended to new crypto users, however it is always advisable to store huge amount of coin in a hardware wallet where you can hold your key.

I still always pick with metamask. That is an easy thing to use and it goes on all directions and within itself you could always move the money around and so forth. It's also easy to connect to trustworthy places to move your money as well, and then send or receive from Binance is also very easy if you want to do that and if you want to hold your money, it doesn't hold your money, your money is in the blockchain, it just gives you easier way to control it, and move it around.

All in all, it's a perfect one and it is not even on your pc, it is a browser plugin, so it is really amazing. I am hoping to keep it growing bigger, I haven't so much yet, but I would love to have a lot of money on my metamask one day.

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Quote from: Coin63$ on October 02, 2022, 08:28:35 AM

There are different types of wallets in the cryptocurrency market. Trust wallet is basically a multi-currency wallet that supports all types of tokens in this wallet.Many investors and holders prefer trust wallets nowadays.Moreover, this wallet is much more secure than other wallets.

I want to know more details about this wallet from you.

Thank you everyone

I had been a Trust Wallet user for quite a long time having ported from Metamask and myetherwallet to Trust wallet so far no issue with the wallet their user interface is perfect with dark mode as an option and easily navigable and equipped with multi-coin wallet which is an added advantage as well, it help desk also linked with many social media like facebook, Twitter, telegram, reddit etc to provide solution for any new user having any issue, it is highly recommended to new crypto users, however it is always advisable to store huge amount of coin in a hardware wallet where you can hold your key.

dlightag

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Trust wallet is safe as well, as long you keep your passphrase secret, which every wallet has private that can't be share with anyone or connect to online airdrop as a means of claiming airdrop, with this few things that make wallet not to be compromised or lost of funds. Therefore trust wallet is a multiple chain that can store Bitcoin and other Alt-coin in the cryptocurrency market industries.

Rana590

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Quote from: Insanity on November 29, 2022, 08:57:10 AM

Quote from: BD Crypto on November 28, 2022, 07:49:47 AM

Trust wallet is a safe and very user-friendly decentralized crypto wallet. It's an open source crypto wallet. As a online wallet it's safe for holding altcoins. But to hold Bitcoin or Ethereum I will recommend to use Electrum wallet.

Trust wallet has become very popular now everyone uses Trust wallet to keep their coins safe. I use Trust wallet for several days and put all my money in Trust wallet. I think Trust wallet is safe so I use Trust wallet. Its demand is increasing day by day.

Trust wallet is popular and it is getting familiar with huge number of people all over the world. But it is not wiser decision to store all your valuable assets in one wallet whatever it is trusted. Try to store your money in different wallet which are trusted enough. I hope this will help you to secure your money.

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Quote from: BD Crypto on November 28, 2022, 07:49:47 AM

Trust wallet is a safe and very user-friendly decentralized crypto wallet. It's an open source crypto wallet. As a online wallet it's safe for holding altcoins. But to hold Bitcoin or Ethereum I will recommend to use Electrum wallet.

Trust wallet has become very popular now everyone uses Trust wallet to keep their coins safe. I use Trust wallet for several days and put all my money in Trust wallet. I think Trust wallet is safe so I use Trust wallet. Its demand is increasing day by day.

BD Crypto

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Trust wallet is a safe and very user-friendly decentralized crypto wallet. It's an open source crypto wallet. As a online wallet it's safe for holding altcoins. But to hold Bitcoin or Ethereum I will recommend to use Electrum wallet.

Orange89

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In Short yes it's somewhat safe but they are open source can't say anything recently we had seen a huge pump in Trust Wallet native Token TWT after the CZ tweet if you notice carefully then CZ and Binance are amoung top holder so probably in future i think they can Maunplate the TWT token Already TRUST WALLET had some good downloading Number so yes
Just one Suggestion
INSTEAD OF USING these Software wallet
Just Spend some money and purchase some Good Hardware Wallet it is secured and safe right now
If you Remember what had happened with Slope Hack all memebers with Software wallet in Slope had got hacked because the connected their Wallet to XYZ site{don't wanna mention name}
And In that case person connected with Hardware wallet is Safe so it give us A extra Layer of Security 🙂

bastian466

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Trust wallet has quite a reputation has a lot of strengths and very wide functionality has a lot of support for different coins and tokens which means it can hold more cryptocurrency. many people are interested because it's easy to use, although sometimes it's very slow if sending coins even though the status has been sent but in fact it hasn't arrived, it has to be with high transaction fees and there is often a price difference with coinmarketcap maybe the update is slow

albon

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Quote from: virasisog on November 26, 2022, 11:15:41 AM

Quote from: ?? on ??

I have used trustwallet for about 2 years and in my opinion is safe, but I have read the article that multi platform wallet by providing seeds is in accordance with the programs designed so that all the seeds are also owned by developers, true or not this of course we must always be vigilant.

Most wallets have that kind of issue. I have been using Trust wallet for over 3 years now and I can say that it's really trusted.
However, we can't take all our doubts away so I still store my funds on a hard wallet where I could feel more comfortable and confident while keeping my investment.
Trust wallet has a good trust rate compared to other wallets and it's safety as for me depends on how we keep our keys and access safe.

Trust Wallet is a good, safe, and easy wallet for all investors. I can hold a lot of altcoins on it, most of which may not be in the hardware wallet. For me, the thing that worries me is that Trust Wallet is owned by Binance, and if something happens to Binance, this wallet will also be damaged, so hardware wallets are the best, It is not free, but in return for purchasing it, you will have a higher security rate than any other wallet, so you can sacrifice some dollars in exchange for living with peace of mind and not losing your money one day.

Therefore, if you would like to use hardware wallets, this will be the best and safest for you, you can buy the popular cold wallets in the market from their official websites.

virasisog

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Quote from: ?? on ??

I have used trustwallet for about 2 years and in my opinion is safe, but I have read the article that multi platform wallet by providing seeds is in accordance with the programs designed so that all the seeds are also owned by developers, true or not this of course we must always be vigilant.

Most wallets have that kind of issue. I have been using Trust wallet for over 3 years now and I can say that it's really trusted.
However, we can't take all our doubts away so I still store my funds on a hard wallet where I could feel more comfortable and confident while keeping my investment.
Trust wallet has a good trust rate compared to other wallets and it's safety as for me depends on how we keep our keys and access safe.

Antonas1

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Quote from: Tony116 on November 25, 2022, 09:24:19 AM

Quote from: Antonas1 on November 25, 2022, 09:09:25 AM

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Suppose binance fully owns Trustwallet and takes all responsibility for Trustwallet but what will happen to Trustwallet if binance crashes. Binance is very safe right now but that doesn't mean they won't crash in the future, anything can happen. Like FTX, binance has a huge ecosystem so once binance collapses, binance related things will be hard to avoid. Solana is the most obvious example, FTX doesn't fully own Sol but they were sol's biggest investor and when they collapsed, Sol was also in serious trouble and could hardly stand.

In my mind, if a secure crypto-wallet application has a specific deal or is fully acquired by an exchange company (like Truswallet and Binance are doing), then the wallet is no longer secure. It is better to use a wallet that does not have special deals with any exchange company.

Tony116

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Quote from: Antonas1 on November 25, 2022, 09:09:25 AM

Quote from: irhact on November 22, 2022, 01:16:45 PM

~ Trust wallet is very secure and if anything was to happen to the Wallet, Binance will come to its rescued as they own it. ~

Really? I am confused by your statement. What kind of incident made them save Trustwallet (especially your money/coins)? Because as far as I know, Binance is only working on marketing development. Mainly of operations still controlled by the Truswallet team. Reference: Crypto exchange Binance buys Trust Wallet in first acquisition deal.

Suppose binance fully owns Trustwallet and takes all responsibility for Trustwallet but what will happen to Trustwallet if binance crashes. Binance is very safe right now but that doesn't mean they won't crash in the future, anything can happen. Like FTX, binance has a huge ecosystem so once binance collapses, binance related things will be hard to avoid. Solana is the most obvious example, FTX doesn't fully own Sol but they were sol's biggest investor and when they collapsed, Sol was also in serious trouble and could hardly stand.

Topic: What is Trust wallet and is it safe? (Read 1076 times)