Let’s face it; there are a lot of security concerns when dealing with digital tokens.
Using a software wallet like Trust Wallet should give customers full control over their funds.
So, does Trust Wallet deliver on its promises?
As far as I could tell, Trust Wallet has a sterling safety record.
Unlike the more popular MetaMask, Trust Wallet has no major headlines for phishing attacks or hacks.
Also, please remember Trust Wallet enjoys the backing of the biggest crypto exchange in the industry: Binance.
That doesn’t mean you’ll get insurance with the Trust Wallet app. However, Binance is well-known for its exceptional encryption technology.
oooooooooooTrust Wallet also has state-of-the-art biometric log-ins as well as 2FA integration.
The thousands of positive reviews for Trust Wallet suggest plenty of customers have zero issues securing their crypto on this app.
Until I see otherwise, I’m going to give Trust Wallet a perfect score in this department.
How Easy Is It To Install The Trust Wallet App?
I haven’t heard of anyone getting confused while signing up for a Trust Wallet app.
Seriously.
Downloading a Trust Wallet is as simple as adding a hot social media app to your phone.
Just make sure you find the authentic Trust Wallet app in Google Play or the App Store.
Look at the reviews and the number of downloads to confirm you have the right page.
Once you’re confident you have the real Trust Wallet app, click “Download.”
As you install this app, you will run across a “seed phrase.” This random string of words is crucial, so please pay careful attention!
Please write down the words Trust Wallet reveals in the exact order you see them.
This “seed phrase” represents your “private keys,” which means you could recover your crypto should you damage your phone.
To learn more about crypto self-custody, I’d recommend reading this previous post, “Crypto Wallets vs. Exchange Wallets.”
Anyway, once you put your “seed phrase” in a safe place, you should be good to go on Trust Wallet.
However, I’d strongly recommend adding extra safety features like a biometric log-in and 2FA to safeguard your digital tokens.
Is It Easy To Use Trust Wallet?
Although security should be the top priority when choosing a crypto app, let’s not forget about the user experience.
Crypto is confusing enough. Your wallet shouldn’t make sending tokens any more complex than it needs to be.
Well, I’m happy to report that Trust Wallet is a pleasure to use.
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Not only is Trust Wallet’s UI clean, it has tons of features customers could take advantage of.
There are hundreds of cryptos you could safely store on Trust Wallet.
Unlike MetaMask, you can store tokens from many blockchains, including Bitcoin, Litecoin, and Dogecoin.
Even if you’re an exotic altcoin dabbler, there’s a great chance you could store all of your tokens on Trust Wallet.
You could even store and display Binance or Ethereum NFTs on your Trust Wallet app.
As for bonus features, Trust Wallet lets users buy, swap, and stake crypto in the app.
If you feel comfortable taking on some risk, you could earn sweet rewards on Trust Wallet with tokens like Algorand and BNB.
I doubt you’ll have issues navigating the Trust Wallet app after a few minutes.
Even if you have minimal experience with crypto, the Trust Wallet team laid out their design to be super intuitive.
The only negative is that you can’t access Trust Wallet on your desktop.
As of today, Trust Wallet is a mobile-only app, which makes it a clunky choice for interacting with DeFi or NFT marketplaces.
If you need a desktop option, then Trust Wallet won’t be for you.
However, if you’re looking for a clean mobile wallet with loads of features and cryptocurrencies, I don’t see how you’ll be disappointed with Trust Wallet.
FYI: You could learn more about using your Trust Wallet in this previous guide.
What Are The Pros & Cons Of Trust Wallet?
Pros
- Clean & simple user interface.
- Tons of cryptos and NFTs are available for storage.
- High-quality safety features and open-source code.
- Native staking for multiple cryptos like BNB, Tezos, and Algorand
Cons
- No desktop or browser extension is available.
- Not ideal for using crypto on Web3 dApps.
- Some concerns over centralization due to Binance’s ownership.
- Not as hack-proof as a hardware wallet.
So, Should Pretty Much Everyone Download A Trust Wallet?
As you can tell, I think Trust Wallet is pretty sweet.
And I’m not the only one who has this opinion!
Millions of people love using Trust Wallet as their go-to software wallet.
Sure, Trust Wallet can never be as safe as a cold storage device like a Trezor or Ledger.
But if you don’t feel like buying a hardware device, Trust Wallet is a fantastic free option to take control of your crypto.
As a plus, it’s so simple to use your Trust Wallet to store, send, and even earn interest on countless coins!
That being said, I wouldn’t download Trust Wallet if you’re most interested in exploring Web3 dApps like Uniswap or OpenSea.
Those who want to go deeper into DeFi will probably want to download a MetaMask wallet.
For more details on how Trust Wallet compares with MetaMask, I’d encourage you to read my complete Trust Wallet vs. MetaMask comparison on this link.
