Trust Wallet Review 2025: Is Trust Wallet Safe?

Trust Wallet has become a popular choice for cryptocurrency investors looking for a secure and user-friendly way to store their digital assets. 

However, with the rise of scams and security breaches in the crypto space, many are left wondering: Is Trust Wallet really safe? In this article, we will explore the security features of Trust Wallet and provide tips on how to keep your funds secure while using the platform.

Table of Contents

What Is Trust Wallet? A Summary

• Trust Wallet is a non-custodial wallet that serves as a secure and user-friendly platform for storing, sending, and receiving cryptocurrencies, as well as interacting with decentralized applications (dApps).
• Founded in 2017 by Viktor Radchenko, Trust Wallet has quickly grown to become one of the most popular cryptocurrency wallets. In 2018, it was acquired by Binance.
• Trust Wallet supports more than 10 million assets across 100+blockchains, and its non-custodial nature is also well worth mentioning — these features are undoubtedly the key ones. Additionally, Trust Wallet allows users to stake coins and earn interest, as well as buy coins through its native decentralized exchange.
• It is available as a free mobile app and also offers a browser extension compatible with Chrome, Brave, Opera, Edge, and more.
• Trust Wallet is considered safe due to its non-custodial nature, which means users have full control of their private keys and funds.
• If we were to name the pros of Trust Wallet, a wide range of supported assets and a user-friendly interface would certainly make it to the list. A potential con, however, could be the lack of desktop application.

Overall, Trust Wallet offers a secure and user-friendly option for managing a diverse range of digital assets.Is Trust Wallet Safe?

Yes, Trust Wallet is recognized for its robust security, thanks to features like non-custodial access, open-source technology, and biometric authentication.

However, users must complement these with strong security practices to mitigate risks, especially from phishing attacks, which remain a significant threat in the crypto space. Make sure to download Trust Wallet from official sources and maintain vigilant password management and recovery phrase protection.

Additionally, verifying communications and updates through the official Trust Wallet website is crucial for safeguarding your Trust Wallet account against phishing schemes. Remember, the security of your wallet also depends on the safety of your device and network, so keeping them secure is essential for overall wallet security.

Security Measures Implemented by Trust Wallet

Having focused their efforts on users’ peace of mind, Trust Wallet has implemented various measures to protect against unauthorized access and potential threats. Let’s take a closer look at those security measures to understand how they keep users’ digital assets safe and secure.

Trust Wallet Requires PIN or Password

For starters, Trust Wallet offers an extra layer of security for its users by requiring a PIN or password to access the application. To set up a PIN for the Trust Wallet mobile app, users can navigate to the settings menu and select Security. From there, they can choose to enable the PIN feature and set a unique 4-6 digit PIN. In the Chrome browser extension, users can set up a password by going to the settings and selecting the Security tab.

Setting up a strong PIN or password for Trust Wallet enhances its security by preventing unauthorized access to user digital assets. So, users can feel at peace knowing that even if their devices fall into the wrong hands, their funds and personal information are protected.

Trust Wallet Provides Non-Custodial Storage

At its core, Trust Wallet is a non-custodial storage solution that gives users full control over their private keys. This means that users retain ownership and control of their funds, unlike with custodial wallets where a third party holds the private keys. With Trust Wallet, users can enjoy the benefits of anonymity and extra security. No registration required!

Non-custodial storage is significant in promoting privacy and security as it ensures that users are the sole custodians of their funds and personal information. With Trust Wallet, users can rest assured that their assets are secure and private because no personal information is required to use the wallet.

The concept of non-custodial storage has a significant impact on user experience: it allows for a seamless and secure way to manage digital assets without the need for third-party intervention.

Private Key Encryption

To ensure the highest level of security, Trust Wallet encrypts private keys directly on your device using advanced encryption standards. This means your sensitive information remains secure and inaccessible to unauthorized users, even if your device is compromised. By keeping private keys encrypted and stored locally, Trust Wallet empowers users with complete control over their funds and peace of mind.

Wallet Recovery via 12-Word Seed Phrase

The 12-word recovery phrase is a crucial component in recovering wallets and accessing cryptocurrency funds. It serves as a backup that allows users to regain access to their wallets in case the original wallet is lost or damaged.

It is imperative to emphasize the importance of keeping the seed phrase private and never sharing it with anyone. Sharing the seed phrase with others can compromise the security of your digital assets and expose you to potential theft.

Best practices for storing and protecting your 12-word seed phrase involve physical storage methods rather than digital. This is crucial in preventing hacking and data breaches. Consider using a fireproof and waterproof container to store your seed phrase safely.

Was Trust Wallet Hacked?

The short answer is no. But, in addressing this question, it’s essential to consider two separate incidents that raised concerns about Trust Wallet’s security.

Firstly, in November 2022, Trust Wallet identified a security vulnerability that led to a loss of nearly $170,000 for some users. This issue, linked to the Wallet Core open-source library and its WebAssembly component specifically, affected new wallet addresses generated between November 14 and 23, 2022. Trust Wallet took swift action upon discovering this through their bug bounty program in April 2023, patching the vulnerability and initiating a reimbursement process for the affected users, including covering $7,700 in gas fees for fund transfers to new, secure wallets.

Secondly, in February 2023, a high-profile case involved a Trust Wallet user losing $4 million due to a social engineering scam by a criminal organization in Rome, Italy. This incident was not a direct hack of Trust Wallet’s infrastructure but a targeted attack where criminals exploited human trust. Trust Wallet’s investigation concluded that the theft was executed through a sophisticated social engineering scheme, not a direct vulnerability in Trust Wallet’s system.

In conclusion, while Trust Wallet itself has not been directly hacked through its infrastructure or codebase, these incidents underscore the importance of vigilance against social engineering tactics and the necessity of promptly addressing software vulnerabilities. Trust Wallet has demonstrated a commitment to security, maintaining a relatively clean record against direct hacks.

Read also: Best crypto wallets for 2025.

Trust Wallet’s Key Features

From its multi-currency support to its robust security measures, Trust Wallet offers a comprehensive solution for managing digital assets on the go. In this part of the article, we will explore some of the key features that make Trust Wallet stand out in the crowded crypto wallet market.