Trust Wallet is a mobile-focused non-custodial hot crypto wallet that allows you to store, send, receive, swap, and perform various other operations with your cryptocurrencies. 

Launched in 2017 as an Ethereum-only wallet, it has since expanded to support over 10 million coins and tokens on 100+ blockchain networks. This is one of its key selling points, making it ideal for users exploring multiple networks without needing separate wallets. 

Trust Wallet aims to simplify and democratize cryptocurrencies, and claims to have made it accessible to 200 million people worldwide. Being a hot wallet, it remains connected to the internet. Its non-custodial or self-custody feature ensures that you control your private keys and the 12-word seed phrase (password), rather than a centralized platform holding them for you. Some of its key security features are a built-in scanner for risky transactions and encrypted backups.

[Important note: In 2022, a vulnerability in Trust Wallet caused around $170,000 in user losses. Then, in 2023, a social engineering attack resulted in a nearly $4 million loss. While $170,000 was reimbursed, $4 million was not since it was unrelated to any wallet tech.]

Trust Wallet: Key Points

• Non-custodial hot wallet where you control your private keys and 12-word recovery phrase.
• Supports 10M+ assets across 100+ blockchain networks.
• Includes buy, swap, staking, earning, NFT, and DApp features.
• Security tools include a risk scanner, encrypted backups, and hardware-wallet support.

Trust Wallet: Functions and Services

Trust Wallet comes equipped with a variety of tools to handle cryptocurrencies, accessible via iOS and Android mobile apps, as well as web browser extensions (for Google Chrome and Brave). Let’s learn about some of these functions and services below:

Supported cryptocurrencies and networks

The wallet claims to support more than 10 million cryptocurrencies across 100+ blockchains, including prominent ones like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), BNB (BNB), Tether (USDT), and lesser-known altcoins. 

This means you can store diverse holdings in one place without switching apps – think of it as a digital filing cabinet for your crypto collection. 

In-Wallet buying, selling and swapping capabilities

Users can buy, sell, or swap assets directly in the app. Swapping lets you exchange one crypto for another. For example, you can trade ETH for a stablecoin (stable crypto assets pegged to traditional currencies) like USDT. Buying involves converting fiat (traditional) currencies to crypto, while selling does the reverse. 

These features use partnerships for smooth processing, and the fees depend on the third-party service providers and network conditions. While designed for quick actions, high gas fees (transaction fees) on busy networks can add costs. Hence, always preview and check charges before confirming any transaction.

Staking, stablecoin earn, and yield farming

Staking is available for certain assets, where you lock up coins like ETH, SOL, Polkadot (DOT) and others to support the respective networks and earn rewards, similar to interest on savings. 

Using the app’s ‘Stablecoin Earn’ feature, you can deposit stablecoins like USDT, USDC, into third-party DeFi protocols and earn an annual percentage yield (APY – returns)  of up to 5.03% (at the time of writing).

Yield farming isn’t built-in but accessible via connected DeFi protocols, where you deposit crypto assets into shared pools on decentralized exchanges (DEXs) to facilitate trading for others. In exchange, you get a share of the transaction fees, called yield. 

Although these options provide passive income opportunities, it might be safe to start small and understand risks before committing any significant amounts.

NFT Support

Trust Wallet allows storing, viewing, and trading of more than 600 million non-fungible tokens (NFTs). These are unique digital items like art or collectibles on blockchains. You can connect to marketplaces like Open Sea, Solanart, and Rarible to buy or sell them seamlessly. This comes in handy for beginners interested in the creative side of crypto.

Connectivity with other services

The app has a ‘Discover’ section where you can explore decentralized applications (DApps) and DeFi protocols, letting you interact with lending platforms or games without leaving the app. For instance, you can connect to Uniswap for swaps or Aave for crypto borrowing. 

This connectivity expands functionality, but it also means approving smart contracts (self-executing agreements on blockchain). So be cautious to avoid malicious ones, as the wallet’s scanner helps flag risks.

Overall, these services make Trust Wallet a versatile tool for everyday crypto management, though its mobile-only nature might limit desktop users.

On- and Off-Ramp Capabilities of Trust Wallet

On-ramps refer to ways to enter the crypto world by converting local currencies like US dollars or euros into digital assets. Off-ramps do the opposite – they turn crypto back into fiat. Trust Wallet facilitates both through partnerships with providers like Alchemy Pay, Ramp, Moonpay, Binance, Banxa, and Mercuryo. 

You can buy crypto using over 110 fiat currencies via methods such as Apple Pay, Google Pay, debit/credit cards, or bank transfers. Selling works similarly, allowing withdrawals to your bank. 

This setup aims to simplify the process for users worldwide, without needing to leave the app. However, fees vary by provider and method – typically a percentage plus network costs – and availability depends on your region. It’s not the wallet, but the integrated services that charge fees. 

These services mean easier access to buying/selling crypto, but compare rates to ensure a good deal. Please note that the app doesn’t have any built-in restrictions, so it may be wise to check local regulations before using such services.

Is Trust Wallet safe to use in 2025?

Trust Wallet’s safety stems from its non-custodial setup, where private keys are stored locally on your device, not by the company. 

The architecture includes strong encryption verified by independent security auditors like Certik, Halborn, Quantstamp, Cure 53 and Kudelski Security. The wallet is certified by the International Organization for Standardization (ISO) and holds ISO 27701 and 27001 certifications for compliant security implementations. It also includes ongoing security monitoring and a bug bounty program. 

Features like the ‘Security Scanner’ detect risky transactions, while proactive warnings and encrypted cloud backups assist in recovery – use a 12-word seed phrase securely for restores. Hardware wallet integration adds layers for larger holdings. 

Despite its security-focused design, Trust Wallet has had isolated incidents in the past. A 2022 vulnerability led to around $170,000 in losses and was quickly patched, while a 2023 social-engineering attack caused $4 million in user damages, though it was not linked to any wallet flaw. 

More recently, a browser extension vulnerability (in version 2.68) resulted in approximately $8.5 million in user losses on 24 December 2025. Trust Wallet stated that all affected users would be reimbursed, with support from Binance’s SAFU fund, and released updated version 2.71+ to address the issue.

Objectively, Trust Wallet can still be termed as a robust product if you practice good habits like enabling device locks, avoiding unknown DApps, practicing seed-phrase hygiene, and using only official app sources.  That said, being a hot wallet, it remains vulnerable to device compromises. Pairing it with vigilance can make it potentially reliable for daily use.

Trust Wallet FAQs

Is Trust Wallet free to use?

Yes, downloading and using the wallet is free. However, you still pay blockchain network (gas) fees for on-chain transactions and any third-party service fees for buys/sells.

What should I do if my wallet is compromised?

Follow Trust Wallet’s support guidance: create a new wallet, move any remaining funds, and never reuse the compromised seed. Please also report incidents to the wallet’s support channels.

Does Trust Wallet offer 24/7 customer support?

Trust Wallet provides 24/7 assistance via an AI chatbot for basic queries and ticket escalation to human agents. The website claims they usually reply within 72 hours. Users holding Trust Wallet’s native token ‘TWT’ can avail priority support by locking in 50 TWT. For quicker resolutions, start with the Help Center’s self-service articles.

Is Trust Wallet suitable for long-term crypto storage?

It’s non-custodial, so you control your keys. However, for large, long-term holdings, many users prefer cold (hardware) wallets for extra isolation. 

How beginner-friendly is Trust Wallet?

Since the app is designed mainly for mobile users, it has an intuitive interface and simplifies many tasks (buy, swap, stake).