1.7 k
views

Trust Wallet Review – Is This the Best Mobile Wallet for You?

An unspoken law of cryptocurrency states that your investment is as safe as the wallet in which you store it. With hackers raking in billions of dollars every year from naive or unassuming investors, there is no reason for you to settle for anything else than the best possible crypto wallet.

There are too many storage solutions for cryptocurrencies out there to establish which one is the very best. However, we can take them for a ride and see if they practice preach’s security.

In this Trust Wallet review, we look at one of the most popular mobile wallets on the market. Is this software wallet a worthy opponent for the hardware options, or is it just a fashionable choice?

What is Trust Wallet?

Trust Wallet is a decentralized, mobile wallet for digital assets. It features a built-in Web3 browser and access to decentralized applications (DApps) on the Ethereum blockchain.

At the time of this writing, the wallet supports over 160 cryptocurrencies and digital assets. Users can store tokens from a broad range of platforms and issuers and use them in staking operations.

The Trust Wallet app is available for free, and it works on devices that run Android (5.0 and up) or iOS (10 and up).

The creator of Trust Wallet is Viktor Radchenko, a US-based Ukrainian software developer with solid experience building apps on Ethereum. His initial plan was to create a mobile wallet for ERC-20 tokens only. However, in time the project evolved to support coins from other blockchains too, including Bitcoin.

Radchenko started working on the wallet in 2017, and his progress did not go unnoticed. Less than a year later, Binance acquired the project and its parent company Six Days LLC.

The more tech-savvy users will appreciate Radchenko’s decision to leave the code completely open-source. This way, they will be able to peek into the complex mechanisms that power it.

Trust Wallet is audited by security company Stateful and has an ongoing collaboration with the Kyber Network that enables users to buy coins through the platform’s decentralized exchange.

Trust Wallet Features

Trust Wallet has, in its collaboration with Binance, an advantage that few other mobile wallets can enjoy. The most popular crypto exchange in the industry enhances the wallet’s reputation and credibility. It is one of the reasons why Trust Wallet has more than 5 million users at the moment.

Still, it doesn’t mean that Trust Wallet is entirely bulletproof. Here are some of its “earthly” features:

Security

Trust Wallet is a non-custodial wallet, which means that it does not store user data, and it does not require to pass a Know Your Customer (KYC) verification when you set up an account.

Contrary to other mobile wallets, you do not have to save your private key on the company’s servers. Instead, you can store the private key directly on your device.

You can opt for fingerprint scanning, and pin code features built into the app to enhance security. The wallet does not provide Two-Factor Authentication (2FA). However, it provides a convenient backup feature in the form of a unique 12-word recovery phrase, which you will have to store securely and never share with anyone else.

Fees

Trust Wallet is free to download and install on your phone. You will only be paying fees when you start using it for transactions, which will differ from case to case.

User Interface

Trust Wallet users benefit from a clean and intuitive interface that is ridiculously easy to navigate. Even beginner investors in cryptocurrency can master it in just a few hours of use.

Customer Support

Most mobile crypto wallets provide an easy chat feature that should get you out of the most difficult situations, especially when you have limited time to solve an issue.

Trust Wallet does not offer chat support. When you need help with a problem, the app redirects you to a troubleshooting guide and a FAQ section. If you cannot find a solution to your puzzle there, you can open a support ticket and wait for their customer service agents to get in touch with you.

Staking

Staking enables you to use your digital assets as crypto deposits to validate new blocks on blockchains that support the Proof-of-Stake (PoS) algorithm.

Trust Wallet helps you lock some or all of your assets for staking purposes, and in return, earn a part of the block rewards automatically.

At the moment, you can use the wallet to stake cryptocurrencies like Tron (TRX), Tezos (XTZ), Cosmos (ATOM), VeChain (VET), Callisto (CLO), Kava (KAVA), TomoChain (TOMO), IoTeX (IOTX), and Algorand (ALGO).

The DApp Browser

Trust Wallet provides a fully-functioning Web3 browser that can interact with any decentralized application (DApp).

This feature enables Trust Wallet to become a part of the Marketplace and to offer its users a long list of DApps that they can access freely on their phones. Such applications may include gaming platforms and DeFi protocols.

The Bottom Line – A Trust Wallet Review

If you are looking for a secure mobile wallet, you surely cannot exclude this wallet from your choices. This software storage solution is backed by Binance and has a growing number of supported assets. So, it won’t surprise anyone if the 5 million users will increase evermore.

Trust Wallet tries to evolve past the definition of a regular crypto wallet. Its latest generation features that include staking and a DApp browser are clear signs that the wallet aims to become an all-inclusive platform for cryptocurrency investors.

Bitcoin live price
Btc
Bitcoin
$20.179
price
7.86137%
price change
BUY NOW

If we were to nitpick through the Trust Wallet features, we would probably mention the slow customer support and the lack of a Two-Factor Authentication option. Other than that, we can conclude that Trust Wallet is a solid option for storing your digital assets. And, if you want to enhance their value without trading or hodling, you can do so through the wallet’s innovative staking feature.

Stay up to date with our latest articles

More posts

SpurDex – A Cross-Chain DEX Platform for Hassle-Free Trading

SpurDex is a cross-chain DEX platform that supports the hassle-free trading of digital assets. The platform aims to provide a decentralized, secure, and user-friendly experience for all its users. SpurDex aspires to establish a safe and secure environment for digital asset trading. What Is SpurDex? SpurDex is an easy-to-use cross-chain DEX platform allowing you to trade digital assets in a new manner. It utilizes smart contracts to facilitate the exchange of tokens between different chains. SpurDex wants to provide the…

Hami Network – The Next Level Launchpad for Investors and Project Owners

Hami Network, an all-in-one cryptocurrency platform, revealed its new investor-friendly launchpad helping projects gain more traction from their first day in the cryptosphere. Additionally, the project started the Seeding Round A for its HAMI token on August 19, ending on September 8. Investors can board the initiative or join the Seeding Round B on PinkSale from September 1 to September 14. This short Hami Network review looks closely at the project's new launchpad and features. Read on to learn more…

BC.Game – A Complete Casino and Sportsbook Experience

BC.Game is a crypto casino offering the widest variety of crypto deposits and withdrawals. The website features over 6,000 games, including BC Originals and house games. Most importantly, it operates as a casino and a sports book allowing users to play with crypto and fiat currencies. This BC.Game review dives deep into one of the most popular cryptocurrency casinos. Read more about its features, games, supported currencies, and payment methods! BC.Game in a Nutshell BC.Game launched in 2017 as a…

ZUNAVERSE NFT Marketplace – Discover, Collect and Sell NFTs

ZUNAVERSE is an NFT-centered platform on BNB Chain aiming to make non-fungible tokens (NFTs) more accessible to everyone. The project is developing rapidly and incorporating an NFT marketplace, a proprietary token (ZUNA), and a brand new NFT collection, the ZunaNauts. This short ZUNAVERSE review looks closely at one of the latest NFT marketplaces to enter the market. Read on to discover its many features and plans! ZUNAVERSE in a Nutshell ZUNAVERSE plans to rival the industry-leading NFT marketplace. To this…

LykaCoin – All-in-One Blockchain Ecosystem

LykaCoin is a multi-chain blockchain ecosystem similar to Polkadot and Avalanche but promising to be more competitive. Its goal is to add innovations, progressive views, and a different vision to the newly-built meta universe with the projects it will do and develop. Notably, it aims to attract them with zero gas fees and potentially unprecedented scalability. This LykaCoin review looks closer at one of the fastest developing blockchain projects in the industry. Read on to discover its features, tokenomics, and…

Decentraland – A Virtual Reality Platform Unleashing the Blockchain Potential

Since its inception, virtual reality has been a phenomenon. People have been fascinated by the idea of stepping into another world that humankind created. With Decentraland, this fascination has become a reality.  Decentraland is a popular virtual reality platform that allows users to create and experience anything they can imagine. Decentraland is also a cryptocurrency platform. Within the Decentraland ecosystem, users may buy goods, services, and real estate with the MANA token. The MANA token enables the project's founders to…

Chain Pet – A Play-to-Earn Ecosystem for an Enhanced Crypto Experience

Blockchain gaming is starting to take off, and Chain Pet is one of the games leading the charge. In this review, we'll look at Chain Pet's main features and how it sets itself apart from the competition. Chain Pet is a play-to-earn ecosystem that rewards players for their contributions. By upgrading, breeding, and combating their elves, players may construct their world. The elves obtained are all personal assets, so finding a partner is essential to help you get started. One…

LoserChick – A GameFi Crypto Platform Relying on Staking

LoserChick is a fun and addictive new game that allows players to catch and smash eggs for NFTs. In addition to providing many ways for players to earn, LoserChick also offers lower gas fees and higher transaction speeds.  Because of its relationship with Polygon, it's an excellent option for gamers seeking to spice up their day a little. This review will analyze LoserChick in detail, so be sure to check it out if you're interested in learning more. What is…

DeNations – A Global Play-to-Earn Crypto Experience

DeNations is a popular platform for gamers who want to get involved in the crypto market. Users can expand their nations, build civilizations, and earn rewards. The gaming industry is growing rapidly, and DeNations provides an excellent opportunity for gamers to get involved.  This review will analyze the main features of DeNations that appeal to crypto investors and gamers. What is DeNations? For those who like to earn prizes while having fun, DeNations can be an appealing platform. Each nation…

AbellWorld – A Gaming Ecosystem Using NFTs and DeFi Technology

Cryptocurrencies are changing the gaming industry, with new platforms and games emerging that use blockchain technology and decentralized systems.  One such platform is AbellWorld, which uses NFTs and DeFi technology to create a gaming ecosystem that benefits players economically.  In this article, we will discuss how AbellWorld is providing a decentralized solution for all crypto gamers. What is AbellWorld? AbellWorld is a gaming ecosystem that uses NFTs and DeFi technology. It aims to be fair and equitable, focusing on data…