Trust Wallet — Secure Multi-Currency Cryptocurrency Wallet

What is Trust Wallet?

Trust Wallet is a non-custodial cryptocurrency wallet designed for mobile (iOS & Android) with an accompanying browser extension. It lets users store, send, receive, trade, and interact with tokens and decentralized applications (dApps) across many blockchains — all while keeping private keys on the user's device. The project emphasizes a simple user experience for Web3 activities including token swaps, staking, NFT management, and connecting to dApps via WalletConnect and a built-in dApp browser. :contentReference[oaicite:0]{index=0}

Ownership & Background — Why it matters

In July 2018 Binance, one of the world’s largest crypto exchanges, announced the acquisition of Trust Wallet. The acquisition brought Trust Wallet additional resources and integration opportunities while maintaining its non-custodial approach — meaning Binance does not hold users’ private keys inside Trust Wallet. The acquisition is often cited as a turning point that helped Trust Wallet scale its features and reach. :contentReference[oaicite:1]{index=1}

Core features at a glance

• Multi-chain & multi-asset support: Trust Wallet supports millions of assets across 100+ blockchains (Bitcoin, Ethereum, BNB Chain, Solana, Cosmos ecosystems, Optimism, and many more). This means you can manage BTC, ETH, BNB, SPL/ERC tokens, and many layer-2 and Cosmos-SDK tokens from the same interface. :contentReference[oaicite:2]{index=2}
• Non-custodial key management: Private keys and recovery phrases are generated and stored locally on the device — not on central servers. That places responsibility for backup and physical device security on the user. :contentReference[oaicite:3]{index=3}
• Built-in dApp browser & WalletConnect: Connect to decentralized exchanges, NFT marketplaces, and DeFi protocols directly from the app or via WalletConnect for desktop dApp interactions. :contentReference[oaicite:4]{index=4}
• Swap & buy crypto: In-app features allow token swapping and in many regions buying crypto via integrated on-ramps (third-party providers). :contentReference[oaicite:5]{index=5}
• Staking & earning: Many proof-of-stake tokens can be staked from within the wallet to earn rewards; the availability depends on the chain/token. :contentReference[oaicite:6]{index=6}
• NFT support & token visibility: View and manage NFTs for supported chains, and add custom tokens using contract addresses when needed. :contentReference[oaicite:7]{index=7}
• Browser extension: For desktop dApp workflows there is a Trust Wallet browser extension that mirrors many mobile features. :contentReference[oaicite:8]{index=8}

Getting started — step-by-step

Below is a concise, practical walkthrough for setting up Trust Wallet safely.

1. Download & install

Get the official app from the App Store, Google Play, or Trust Wallet’s official download page. Avoid third-party links or APK files from unknown sources. The official site lists download options and the browser extension. :contentReference[oaicite:9]{index=9}

2. Create a new wallet

1. Open the app and choose Create a new wallet.
2. Read and accept the Terms — then the app will generate a recovery phrase (also called seed phrase or backup phrase) — usually 12 words.

3. Secure the app

• Enable biometric or PIN lock inside the app.
• Keep your phone OS up to date and use device-level security (strong passcode, encrypted storage).
• Consider using a hardware wallet for very large balances (Trust Wallet supports integrations for some hardware workflows through WalletConnect or similar bridges when applicable).

4. Add assets

Search for tokens by symbol, or add a custom token by contract address if a token isn’t listed. Use official contract addresses from project websites or trusted explorers — not random sources. The Trust Wallet token assets repository on GitHub is also a commonly used source for token metadata (logos, info). :contentReference[oaicite:10]{index=10}

Security model — what Trust Wallet does (and what you must do)

Trust Wallet follows a non-custodial architecture: private keys are generated and encrypted locally on the user’s device. The wallet implements platform key storage features (Secure Enclave on iOS, Android Keystore on Android), app-level encryption, and optional biometric/pin locks. It also publishes security and educational materials about safe Web3 behavior. However, security is a shared responsibility — Trust Wallet provides tooling and warnings, but it cannot recover your funds if your recovery phrase is lost or stolen. :contentReference[oaicite:11]{index=11}

Common risks you should know

• Phishing & fake apps/websites: Attackers create lookalike apps and dApp pages. Always verify URLs and download sources.
• Malicious dApps & approvals: Some dApps request broad token allowances. Review approval scopes and revoke permissions when unnecessary.
• Device compromise: Malware or an unlocked device can expose private keys or recovery phrases.
• Social engineering: Never share seed phrases or private keys even if someone claims they are support staff.

Trust Wallet includes safety features (transaction risk scanner, dApp warnings, and security documentation) to reduce threats, but the first line of defense is cautious user behavior. :contentReference[oaicite:12]{index=12}

Advanced features & ecosystem integrations

Trust Wallet integrates with many parts of the Web3 stack:

• WalletConnect: Connect from Trust Wallet to desktop dApps that support WalletConnect.
• Swaps & liquidity: Swap tokens via in-app aggregators that route across liquidity providers.
• Staking: Stake supported tokens directly from the wallet to earn on-chain rewards.
• NFT management: View collectible items and tokenized assets where supported.

These integrations make Trust Wallet useful for both casual users and power users who navigate DeFi and NFT workflows. :contentReference[oaicite:13]{index=13}

Practical tips & best practices

• Small test transactions: When sending to a new address or interacting with a new contract, send a small amount first to confirm everything works.
• Use token allowances sparingly: When a dApp asks to approve token spending, set limited allowances or use the one-time/confirm option if available.
• Keep a secure backup: Use metal backups or laminated paper for your seed phrase to resist fire/water damage.
• Keep app updated: Install official Trust Wallet updates promptly to receive security fixes and new features. :contentReference[oaicite:14]{index=14}
• Monitor token listings: For lesser-known tokens, verify contract addresses via multiple trusted channels before adding or transacting.

Common FAQs

Is Trust Wallet custodial or non-custodial?

Trust Wallet is non-custodial. That means keys are stored locally on your device; Trust Wallet (or Binance) does not hold your private keys for you. This offers privacy and control — with the tradeoff that you alone are responsible for backups. :contentReference[oaicite:15]{index=15}

Can Trust Wallet be hacked?

No wallet is immune to risk. Trust Wallet offers device-level encryption and safety features, but attackers exploit phishing, malicious dApps, or compromised devices. Following security best practices materially reduces risk. :contentReference[oaicite:16]{index=16}

Does Trust Wallet support hardware wallets?

Trust Wallet is primarily a mobile software wallet. For very large holdings many users prefer hardware wallets. Some workflows allow combining hardware key management with mobile/desktop dApp interactions (for example, through WalletConnect bridges or third-party integrations) — check both the hardware vendor and Trust Wallet docs for compatibility details. :contentReference[oaicite:17]{index=17}

Is Trust Wallet open-source?

Key parts of Trust Wallet’s codebase and its token assets repository are publicly available (for example on GitHub). Open availability of code and asset metadata increases transparency and the ability for community auditing. However, always confirm which repositories and releases are official before acting on code. :contentReference[oaicite:18]{index=18}

How Trust Wallet compares (briefly)

Many wallets target different users: some prioritize hardware security, others prioritize ease of use or browser integration. Trust Wallet’s strengths are mobile UX, broad multi-chain support, and a deep set of Web3 integrations (dApp browser, WalletConnect, swaps, staking). If you need enterprise-grade custody, multisig for teams, or robust hardware signing for all chains, consider pairing Trust Wallet with hardware or using specialized custodial/multi-sig solutions depending on your needs.

Final thoughts — who should use Trust Wallet?

Trust Wallet is well suited for individuals who want a single, user-friendly app to access many chains and Web3 services while retaining control of their private keys. It’s particularly attractive for mobile-first users who interact with DeFi and NFT platforms. If you prioritize absolute hands-off custody, enterprise multi-sig, or institutional controls, also evaluate complementary solutions — but for everyday self-custody on mobile, Trust Wallet is one of the most feature-rich, widely used options available. :contentReference[oaicite:19]{index=19}