What is Trust wallet and is it safe? - page 3.

fuguebtc

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Quote from: ThemePen on November 18, 2022, 08:00:14 AM

Quote from: fuguebtc on November 18, 2022, 07:14:15 AM

Depending on the conditions of each person, we can choose for ourselves a suitable wallet, trustwallet is not too bad or unsafe. But for large sums and long-term holding decisions, hardware wallets are more secure.

If you suggest Trust wallet. I will again refuse it. If you decided to use Trust wallet or online wallet so I will recommend Meta Mask wallet.

Because it can issue the airdrop in future so I will suggest this and I think it is more secure than Trust wallet. These are same but I recommend meta mask we can use every Blockchain on it.

I heard about metamask's token release and people are saying they will have an airdrop for users but if you want to get airdrop from metamask, I think you need to do many transactions on it, not just use it to hold to get airdrop.

Metamask is only wallet for altcoins, it is not for bitcoins, you cannot store bitcoins on it. Another thing is it seems you can't launch blockchain solana and many other networks on metamask but if you use trust wallet it is possible. For me, metamask is not multi-chain wallet like trust wallet.

wiss19

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Quote from: ThemePen on November 18, 2022, 05:42:38 AM

I will suggest to buy a cold wallet if you do big transactions or you have big amount of assets. Because online you are not safe.

Your assets can be stolen at anytime. Or a hacker can hack your wallet. So to safe yourself from these kind of problems you should use a cold wallet.

I agree, ledger and trezor are great two examples of this, I think they cornered the market so well that nobody is trying to build even a competition to them to be fair. For a while Binance did with their "safecard" or whatever it’s called, but basically everyone is using ledger nano and trezor, which is a great deal.

I personally feel like my ledger is the thing that will give me freedom in the future, and I take care of it like it’s a big gold safe, like old comic book type of safe where there are tons of gold bricks in there. Because even though it doesn't have a ton of money in there, a few thousand dollars today could be a million dollars in a decade.

dwminer1

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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.

sukmo

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It is true that you cannot change the address on a trustwallet unless you are going to create a new wallet with a new seed phrase but metamask supports multiple wallet addresses using a single seedphrase which is nearly identical to a BTC wallet except that it does not display the total balance on all wallet addresses that include the phrase single seed. I think it depends on the user experience on the trust wallet.

From my own experience with trust wallets, I can say it is very secure as I have never been hacked, had my wallet opened, or any other unpleasant situations using Trust wallets. Others may have a different experience.

But do one thing right if you protect yourself with a trust wallet or some other wallet and you are disciplined you have nothing to worry about. I've been using TW for over a year now and everything is fine, no issues or complaints for me. It's one of the trading apps I use. I don't know if it's going to be naughty tomorrow but so far so good so far.

so98nn

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Quote from: mk4 on October 02, 2022, 08:12:25 AM

Not really sure, but their developer page claims that the wallet is open-source[1]. If it's accurate, then it's definitely a positive thing.

On the other hand, regardless if it's safe or not, it's really not recommended to hold huge amounts on money through a software wallet. 99% of people should always go with reputable hardware wallets.

[1] https://trustwallet.com/developer/

I like this point. After the falls here and there software part is untrustworthy and anything that’s online is sucker punch today or tomorrow. Now the priority is changed. Let us keep the sequence of securities like this: Hardware wallets being the safest one, then paper wallets, software wallets (preferably with Pass phrase + password protection), decentralised exchanges, (not you centralised exchange). That is something everyone should note now and follow whole thinking about storing huge amounts of coins.

crutu

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Quote from: Coin63$ on October 02, 2022, 07:28:35 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

For its own security, I think it all depends on each user regarding this Trust Wallet, Because there are too many fake sites Instead of providing to exchange Tokens that directly connect Trust Wallet, Even Trust Wallet is too easy to enter by Scammers who forge popular Tokens that are very similar, but if you look closely the fake Tokens have different Address contracts

Sterbens

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Quote from: ?? on ??

Trust wallet is a multi-currency wallet that supports many coins and tokens. But those who want to hold their coins should not use this wallet because there are more secure wallets. Trust wallet is an online wallet and many people I know have had this wallet hacked. Of course, it was their fault because they visited a phishing site. Using a hardware wallet is the most secure.

I think all wallets come with their own risks, but it's true that hardware wallets are more secure. Trust Wallet is safe when we are good at managing it properly, I personally have used Trust Wallet for a very long time and so far I have never experienced anything unwanted like hacking or anything like that. I also don't only use Trust Wallet, Meta Mask is also one of the wallets that I have.
We must know what is and is not allowed to do when using Trust Wallet such as randomly linking to fraudulent sites.

sulendra12

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Quote from: Coin63$ on October 02, 2022, 07:28:35 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.

It's owned by Binance, any software wallets have a chance to get hacked. If you are already long member of Bitcointalk they will recommend you to use trust wallet because it's easy to use and requires no effort to use it. But after FTX and Binance event, many people prefers to move their assets to different wallet for their safety. Your best bet is hardware wallet since it's all you to secure your money instead of other wallets out there.

ThemePen

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Quote from: fuguebtc on November 18, 2022, 07:14:15 AM

Depending on the conditions of each person, we can choose for ourselves a suitable wallet, trustwallet is not too bad or unsafe. But for large sums and long-term holding decisions, hardware wallets are more secure.

If you suggest Trust wallet. I will again refuse it. If you decided to use Trust wallet or online wallet so I will recommend Meta Mask wallet.

Because it can issue the airdrop in future so I will suggest this and I think it is more secure than Trust wallet. These are same but I recommend meta mask we can use every Blockchain on it.

fuguebtc

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Activity: 1960

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Leading Crypto Sports Betting & Casino Platform

Quote from: ThemePen on November 18, 2022, 05:42:38 AM

I will suggest to buy a cold wallet if you do big transactions or you have big amount of assets. Because online you are not safe.

Your assets can be stolen at anytime. Or a hacker can hack your wallet. So to safe yourself from these kind of problems you should use a cold wallet.

Hardware wallets are considered the most secure solution today, but hardware wallets are not 100% secure as many people think, I think it all depends on how we use and maintain it. If you own a hardware wallet that you are subjective that it is safe and neglected to take care of, there is still a chance of it being stolen or hacked.

Depending on the conditions of each person, we can choose for ourselves a suitable wallet, trustwallet is not too bad or unsafe. But for large sums and long-term holding decisions, hardware wallets are more secure.

Chipard

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Quote from: o_e_l_e_o on October 02, 2022, 10:34:53 AM

Trust wallet is not open source.

Here is their blog post announcing they are becoming closed source about 4.5 years ago: https://trustwallet.medium.com/why-open-sourcing-android-app-could-be-a-harm-to-the-crypto-community-fb3ae1707dc6

Here are the links to their Github repositories which show they are both archived and have had no updates in 4 years:
https://github.com/trustwallet/trust-wallet-android-source
https://github.com/trustwallet/trust-wallet-ios

They outright lie on their website when they claim to be open source. If being closed source isn't enough to convince you to stay away, then them outright lying to you should be. They are also owned and operated by Binance, so you can guarantee you will have absolutely zero privacy when using Trust wallet.

Avoid it.

Thanks for this, majority of my altcoin holdings are stored in trustwallet. If trustwallet is a closed source wallet, what are other good open source wallets that can hold altcoins and that are trustworthy and secure?

ThemePen

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I stand with Palestine.

I will suggest to buy a cold wallet if you do big transactions or you have big amount of assets. Because online you are not safe.

Your assets can be stolen at anytime. Or a hacker can hack your wallet. So to safe yourself from these kind of problems you should use a cold wallet.

gunhell16

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Quote from: Coin63$ on October 02, 2022, 07:28:35 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

It is a non-custodial wallet that can be downloaded in mobile apps. Also in my experience I have not had any problems using it, although I have only entered small amounts of other cryptocurrencies in these apps.

Now if I compare it to other cryptocurrency wallet apps that can also be downloaded to our mobile phone, I think it is more recommendable for me than other non-custodial wallet apps. It's a pity and I missed the chance that I didn't buy it before it hit the market recently.

vv181

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It is known widely that Trust Wallet is being used by the majority of cryptocurrency users, but without disclosing the fact, all of us did not know technically how secure it is. If we talk about security, it doesn't mean that everybody who is using it got no problem so the whole thing of how the wallet works is sufficient.

Contratry to their claim at https://trustwallet.com/developer/, where they stated it is an open source wallet, is not fully true. Their library is indeed open-sourced, but the whole wallet itself is not open-source. So, there is zero chance to fully inspect whether this wallet is trusted or not. My take is, yes, many people use it, but there is no difference to keep a fund in this wallet with storing the fund in an online wallet as the pinned news topic on here.

Polina Noir

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I heard about https://play.google.com/store/apps/details?id=com.cropty.droid from my friend... I tried it and this is what I noticed:
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There is a custodial crypto wallet Cropty.com, really very suitable for beginners that allows not only sending and receiving coins easily, avoiding mistakes, as well as storing assets with military-level security, but it guides you through the crypto world and shows you all its advantages:
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- you can send tokens by mobile phone number, QR code, and even nickname! No more confusion with public addresses…
Cropty.com wallet (here is their website https://www.cropty.com/)

zonefloor

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Quote from: ?? on ??

Quote from: Coin63$ on October 02, 2022, 07:28:35 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

Yes your are right. Trust wallet is highly safe secure wallet in Crypto Industry. In my experience, every investors and every user who save your funds in Trust wallet. Also Trust wallet is multi chain wallet because there are many networks in Trust wallet.

Compared to other crypto wallets, I think the trust wallet is more secure. In terms of control and speed, it is more useful and has a better design than others. In the same way, as you said, it allows many networks to be opened in seconds over the same wallets without bothering us. In short, it is more convenient and safer than other wallets. But as many friends have said, there is no such thing as complete trust in the cryptocurrency market.

omone1

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Quote from: Coin63$ on October 02, 2022, 07:28:35 AM

.Moreover, this wallet is much more secure than other wallets.

The word "much more secured" is untrue and can't be proven, just because you're addicted to trustwallet doesn't make it much more secured than imtoken, metamask, coin98 and the rest. Just follow security guide while using any wallet.

Plaguedeath

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Quote from: vanesha on October 27, 2022, 08:16:26 AM

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.

Although there's no wallet is having 100% security, but it doesn't mean you should choose a bad wallet to hold your coins. We're discuss the wallet security from technical aspect and how we're making sure to immune against hacker, physical attack can't be prevent.

I'm not sure why you're change your wallet periodically when you used it for airdrop, because it doesn't change anything.

If you use Trustwallet and you think not connect it with internet connection will prevent against hacker, then it's only your poor assumption since it's wrong.

vanesha

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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.

AakZaki

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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.

Topic: What is Trust wallet and is it safe? - page 3. (Read 1151 times)