Trust Wallet
score
Fees: free; network fees + in-app swap fees
A solid all-rounder for mobile users who want to hold a wide range of chains and tokens in one app. The past extension flaw is a reminder to keep the app updated and prefer the mobile client. Independence-minded users should weigh the Binance affiliation.
What Trust Wallet is
Trust Wallet is a free, mobile-first self-custodial wallet founded in 2017 and now owned by Binance. It is built to hold an unusually wide range of blockchains and tokens in a single app, with staking, swaps and a dApp browser included. Browser-extension versions exist, but the mobile client is its centre of gravity.
Standout breadth, solid everything else
Its defining strength is asset and chain support, where it earns a 9.5 - few wallets cover as many networks and tokens. Self-custody, UX and dApp integration all sit at a solid 8, reflecting an app that is easy for newcomers and capable for everyday use. Security is its lowest criterion at 7, partly a reflection of a past extension vulnerability and the responsibility that comes with such broad, unfiltered token listings.
What you pay
Trust Wallet is free to download and use. You pay network fees on transactions and additional in-app swap fees when trading through the built-in exchange. As a self-custodial wallet, there is no custody charge.
The caveat
In 2022, a key-generation vulnerability in the browser-extension version was disclosed and patched; the episode is a reminder to keep the app updated and to favour the mobile client. Binance ownership also raises centralization and jurisdiction questions for independence-minded users, and the sheer breadth of listed tokens means you must vet low-quality or risky assets yourself.
Who it's for
Trust Wallet is a strong all-rounder for mobile users who want to hold many chains and tokens in one place without juggling several apps. Users who prioritise complete independence from major exchanges, or who want the deepest DeFi tooling, may look elsewhere, but for broad, everyday mobile custody it is a dependable pick.
Overall 8.0 / 10 — the weighted average of the criteria above. How we score →
- + Very broad multichain and multi-token support across many networks
- + Mobile-first design that is easy for newcomers
- + Large user base and active development, backed by Binance
- + Built-in staking, swaps and dApp browser
- − A 2022 browser-extension key-generation vulnerability was disclosed and patched
- − Binance ownership raises centralization and jurisdiction concerns for some
- − Broad token listings mean users must self-vet many low-quality assets
Is Trust Wallet safe?
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Trust Wallet is self-custodial and actively developed, but it scores 7 for security in our review, our most measured wallet mark here. A 2022 browser-extension flaw was disclosed and patched, so keep the app updated, prefer the mobile version and store your recovery phrase offline.
Is Trust Wallet owned by Binance?
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Yes. Trust Wallet is owned by Binance, which brings resources and active development but also raises centralization and jurisdiction concerns for users who value independence from large exchanges.
What are Trust Wallet's fees?
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The wallet is free. You pay standard network fees on transactions, plus in-app swap fees when you trade through its built-in exchange. There is no charge for holding assets.
How many coins does Trust Wallet support?
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A very large number across many blockchains - its 9.5 for asset and chain support is the highest in this comparison. The flip side is that broad listings include low-quality tokens you need to evaluate yourself.
Is Trust Wallet good for beginners?
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Its mobile-first, approachable design (8 for UX) suits newcomers who want one app for many chains. Just take backup seriously and be cautious with unfamiliar tokens and dApps.