Topic: What is Trust wallet and is it safe? - page 2. (Read 1151 times)
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.
If we're talking about the most secure wallet then that has to be the cold ones because these types of wallet is almost too impossible to penetrate even for the veteran hackers because it is not normally connected to the internet unlike these software applications especially the typical ones that is connected to an exchange.
While it's true that Trust Wallet is one of the most secured software wallet application, it is still not the best storage especially if you're the ones who holds numerous coins with large quantities. Software apps should only be used for minimum transactions and only store some coins that you can afford to lose.
I think Trustwallet keep securing depend without any connected yet with unknow dapp exchange and never approving dusting token, several people losing their assets in trustwallet after connecting with new dapp exchange and usually have approved with dusting attack token because possibility give access with our wallet. I think if want to use trustwallet only for saving fund never allowed connected with new dapp exchange market, possibility when get exploit have risk with assets secure there.While it's true that Trust Wallet is one of the most secured software wallet application, it is still not the best storage especially if you're the ones who holds numerous coins with large quantities. Software apps should only be used for minimum transactions and only store some coins that you can afford to lose.
Right now we can connected trustwallet access with Binance exchange because I tried with claimed NFTs on Binance and connected to trustwallet, I think be careful when connecting new site with your trustwallet if have primary wallet or can try with second trustwallet optinonal when connecting with new application.
If we're talking about the most secure wallet then that has to be the cold ones because these types of wallet is almost too impossible to penetrate even for the veteran hackers because it is not normally connected to the internet unlike these software applications especially the typical ones that is connected to an exchange.
While it's true that Trust Wallet is one of the most secured software wallet application, it is still not the best storage especially if you're the ones who holds numerous coins with large quantities. Software apps should only be used for minimum transactions and only store some coins that you can afford to lose.
I think Trustwallet keep securing depend without any connected yet with unknow dapp exchange and never approving dusting token, several people losing their assets in trustwallet after connecting with new dapp exchange and usually have approved with dusting attack token because possibility give access with our wallet. I think if want to use trustwallet only for saving fund never allowed connected with new dapp exchange market, possibility when get exploit have risk with assets secure there.While it's true that Trust Wallet is one of the most secured software wallet application, it is still not the best storage especially if you're the ones who holds numerous coins with large quantities. Software apps should only be used for minimum transactions and only store some coins that you can afford to lose.
Right now we can connected trustwallet access with Binance exchange because I tried with claimed NFTs on Binance and connected to trustwallet, I think be careful when connecting new site with your trustwallet if have primary wallet or can try with second trustwallet optinonal when connecting with new application.
Trust wallet is the official wallet of binance mainly for mobile phones unfortunately it is not open source but for daily use, small transactions and keeping small sums on it is perfect it has really many blockchains inside and it is possible to surf web3 / dapps its twt token is nearly doubled in value in recent times
I am a little bit confused now there is aome kind of integritation of trust wallet with Binanace i am not sure as my info is a little so i cant say anything about it. If its true then Trust Wallet is no more Decentralized wallet and if its not the case then obviously Hot storage is safe untill your seeds are safe and better to preffer the cold storage for long term investment and holdings.
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
Well another major point about trust wallet is the fact that it is the wallet that is supported by Binance as far as i know. That is also the reason why it's price was climbing pretty heavily in the last few days while most tokens of the big centralized exchanges were plumbing after what had happened to FTX. At the moment one of the biggest rules in crypto: "not your key, not your coins" is in everyones mouth again because a lot of people had significant values on FTX and have now lost it. Trustwallet is one of the leading wallets out there so it is not a big surprise, that it's token went up. Metamask does not have a token yet obviously.I want to know more details about this wallet from you.
Thank you everyone
Not sure if it was postponed or what but metamask is also one of the leading wallet and it's a competitor of trust wallet. Both are non custodial but I think electrum wallet is still more safer than these two.
Trust wallet has a 2FA feature that makes it more secure to use. I have been using trust wallet for a long time now and so far, I haven't encountered any problems. It's easy to use and their support is also responsive. It all depends on how we use it. As for me, as long as we keep our private keys safe, our wallets are safe and secured as well. We should only be handling our wallets safely and responsively
As far as I'm using it, it's really good, the 2FA security feature is very helpful and makes it difficult for hackers. That's right, the thing that needs to be paid attention to is maintaining/saving the phrase wallet (12/24 words), I once forgot my phrase wallet, and until now I can't log back in.
And what you have to pay attention to is avoiding dusting attacks that can take/hack your wallet through small transactions, I suggest you create the main wallet and a special wallet for participating in events if you are a bounty seeker in various network events or projects.
when it comes to security I'm sure no wallet is one hundred percent secure. moreover, trust wallets that only rely on software in their assets, if our cellphones are attacked then easily all our wallet access is taken. i usually change the wallet periodically if it is used for airdrop, unless the wallet for investing one wallet is enough as long as it is never connected anywhere.
Trust wallet is very secure and if anything was to happen to the Wallet, Binance will come to its rescued as they own it. Trust wallet give you a test of ownership as coins in the wallet are own by you and not exchanges as any coin you have in exchange aren't owned by you but the exchange. Trust Wallet is very convenient to use as both old and new cryptocurrency members can navigate the platform.
It isn't the best wallet out in the market but it's a better alternative to storing your coins on exchange as those who stored their coisn on FTX can't withdraw their coins anymore as the exchange has filed for bankruptcy. Which means they can't be able to handle withdrawals anymore as they're basically broke.
If we're talking about the most secure wallet then that has to be the cold ones because these types of wallet is almost too impossible to penetrate even for the veteran hackers because it is not normally connected to the internet unlike these software applications especially the typical ones that is connected to an exchange.
While it's true that Trust Wallet is one of the most secured software wallet application, it is still not the best storage especially if you're the ones who holds numerous coins with large quantities. Software apps should only be used for minimum transactions and only store some coins that you can afford to lose.
I think Trust wallet is safe because alot people use Trustwallet and trust wallet is a wallet where we hold our fund in the form of crypto and my experience is that Trustwallet is a very strong security u create your wallet so save your phrase so you easily open your wallet if you lost your phrase so definitely you can't open again some cases wallet are hacked but that is our own mistake we can't care and connect our wallet in different links which have not real so that is a big fact.
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 want to know more details about this wallet from you.
Thank you everyone
Not really if you are not careful on what you are doing in your phone like clicking a malware, engaging to trade a honeypot token, connecting it to a fake phishing site, etc.
As it is created online, that’s where the wallet is so vulnerable and the hackers can actually find a backdoor with all of the stuff I have mentioned if we are not careful without the need of seed phrases, private keys, multisig, etc.
Hardware wallet is always the best bet for our crypto funds to be safe.
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 want to know more details about this wallet from you.
Thank you everyone
Not really if you are not careful on what you are doing in your phone like clicking a malware, engaging to trade a honeypot token, connecting it to a fake phishing site, etc.
As it is created online, that’s where the wallet is so vulnerable and the hackers can actually find a backdoor with all of the stuff I have mentioned if we are not careful without the need of seed phrases, private keys, multisig, etc.
Hardware wallet is always the best bet for our crypto funds to be safe.
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 want to know more details about this wallet from you.
Thank you everyone
Not really if you are not careful on what you are doing in your phone like clicking a malware, engaging to trade a honeypot token, connecting it to a fake phishing site, etc.
As it is created online, that’s where the wallet is so vulnerable and the hackers can actually find a backdoor with all of the stuff I have mentioned if we are not careful without the need of seed phrases, private keys, multisig, etc.
Hardware wallet is always the best bet for our crypto funds to be safe.
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 want to know more details about this wallet from you.
Thank you everyone
Well another major point about trust wallet is the fact that it is the wallet that is supported by Binance as far as i know. That is also the reason why it's price was climbing pretty heavily in the last few days while most tokens of the big centralized exchanges were plumbing after what had happened to FTX. At the moment one of the biggest rules in crypto: "not your key, not your coins" is in everyones mouth again because a lot of people had significant values on FTX and have now lost it. Trustwallet is one of the leading wallets out there so it is not a big surprise, that it's token went up. Metamask does not have a token yet obviously.
Trustwallet is a non custodial wallet where opening an account you get a security phrase and control it as you wish. Meaning that no one else will have control but you. It is quite a popular wallet among mobile wallets and is used by many users. But if you are planning to hold a large amount then it is better for you not to use Trustwallet. In that case you can use any hardware wallet or you can use electrum wallet which has more secure
Binance has introduced the Trust wallet. So, if you can trust Binance, you can probably trust Trust wallet as well. Though they claimed it was open source, but it is not, as far as I know. That is why I don't use trust wallet at all. Not only that, but I prefer to keep my assets in a hardware wallet rather than a wallet software. I believe it is safe to keep funds there.
I used mostly Trust wallet for the previous one and a half years but didn't see any drawbacks according to my use. Most of my friends were telling that it is insecure because most of their funds were hacked in Trust wallet, but I think they had connected to some other apps that were malicious, overall usage of Trust Wallet is good.
Trust wallet has a 2FA feature that makes it more secure to use. I have been using trust wallet for a long time now and so far, I haven't encountered any problems. It's easy to use and their support is also responsive. It all depends on how we use it. As for me, as long as we keep our private keys safe, our wallets are safe and secured as well. We should only be handling our wallets safely and responsively
Trustwallet and Safepal wallet is good so far for Android users. I am using Trustwallet for more than two years and still it's very safe for me and also it's supported so many chains which is very good. It's extension has been added in chrome store and now PC users can also use it.
Trust wallet has a 2FA feature that makes it more secure to use. I have been using trust wallet for a long time now and so far, I haven't encountered any problems. It's easy to use and their support is also responsive. It all depends on how we use it. As for me, as long as we keep our private keys safe, our wallets are safe and secured as well. We should only be handling our wallets safely and responsively
when it comes to security I'm sure no wallet is one hundred percent secure. moreover, trust wallets that only rely on software in their assets, if our cellphones are attacked then easily all our wallet access is taken. i usually change the wallet periodically if it is used for airdrop, unless the wallet for investing one wallet is enough as long as it is never connected anywhere.
Trust wallet is very secure and if anything was to happen to the Wallet, Binance will come to its rescued as they own it. Trust wallet give you a test of ownership as coins in the wallet are own by you and not exchanges as any coin you have in exchange aren't owned by you but the exchange. Trust Wallet is very convenient to use as both old and new cryptocurrency members can navigate the platform.
It isn't the best wallet out in the market but it's a better alternative to storing your coins on exchange as those who stored their coisn on FTX can't withdraw their coins anymore as the exchange has filed for bankruptcy. Which means they can't be able to handle withdrawals anymore as they're basically broke.
Personally, I use Trust wallet and I am satisfied with it, both in terms of use and security. Remember that the security of the wallet depends mainly on the users themselves. Double protections like 2FA are certainly useful, but the most important thing is to be careful and self-aware about the safety of users. We are never allowed to share our private keys or seed with anyone, and we should not install any applications or plugins whose origin we are not sure of. You have to be very careful what websites and applications we give access to our wallet. If something looks too good, it's probably a scam.
Yes, that's right, how secure is the wallet that we hold, if we can't take care of it properly, it will make us lose. It depends on the wallet holder himself, how he takes care of it. For example, if we have a safe wallet, if we are careless, it will be lost, and this is where a narrative will be created that will corner the wallet, when in fact we ourselves are in the wrong.I'm also a Trust Wallet user, so far nothing I don't want, and I hope it doesn't happen to me. As you said, we have to be more selective in everything, especially when there is a wallet that is very important to us.
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