Trust Wallet Review
Trust Wallet at a glance
What is Trust Wallet
Trust Wallet is an open-source, decentralized, and backed up cryptocurrency wallet. It allows you to store your private keys on your own device. It supports Ethereum and other ERC20 tokens by default, but with Trust, you can secure any Ethereum-based token- not just the ones that are already listed on the app. Trust has been developed by a group of software engineers who have previously worked for firms like Google, Amazon, and Microsoft. They have also worked at startup companies in Silicon Valley such as CoinBase, Fintech and Polychain Capital. The team has received funds from Polychain Capital, BoostVC, and Arrington XRP Capital. The funds will be used for product development and growth. The wallet works on most devices including Windows and MacOS. You can download it from their website or from the Google Play Store.
Pros & Cons
Before we dive into the full review, lets get into the pros and cons of Trust Wallet.
- Supports Bitcoin, Ethereum and EVM chains, the Cosmos ecosystem, the Polkadot ecosystem, Tron.
- Web3 enabled, so you can use DeFi applications, staking tools, NFT marketplaces and more.
- Mobile applications for iOS, Android.
- Browser extension for Chrome.
- Completely free to use/download.
- Open source.
- Does not support Algorand.
- Does not have a standalone desktop application.
Table of Contents
- What chains does Trust Wallet support?
- Is Trust Wallet Web3 enabled?
- Does Trust Wallet support Mobile?
- Does Trust Wallet support Desktop?
- Is Trust Wallet free?
- Is Trust Wallet open source?
- Does Trust Wallet support in-wallet staking?
- Does Trust Wallet support in-wallet swaps?
- Does Trust Wallet require you to run a node?
What chains does Trust Wallet support?
Trust Wallet supports Bitcoin, Ethereum and EVM chains, the Cosmos ecosystem, the Polkadot ecosystem, Tron. Because Trust Wallet supports EVM chains, you get access to a wide range of different chains. Including, but not limited to, Avalanche, Arbitrum, Optimism, Fantom, Gnosis, and many more.
Trust Wallet does not support Algorand. This limits the number of coins/tokens that you'll have access to.
Is Trust Wallet Web3 enabled?
Yes, Trust Wallet is Web3 enabled. You can use it to access dApps, DeFi, NFT marketplaces, and more. This enables you to really access what blockchain has to offer, instead of simply storing your coins in your crypto wallet.
Does Trust Wallet support mobile?
Yes, Trust Wallet supports iOS, Android. Which is great if you own a mobile device with the relevant operating system.
Does Trust Wallet support desktop?
No, Trust Wallet is not a standalone desktop application. Therefore, it does not support Windows, MacOS, Linux. Although it isn't a standalone desktop application, there are other means of using Trust Wallet.
Is Trust Wallet free?
Yes, Trust Wallet is completely free. You don't have to pay a cent to get access to it. Although this is awesome, you have to bare in mind that free doesn't always mean it's the best option for your needs.
Is Trust Wallet open source?
Yes, Trust Wallet is open source. You can get access to the code, audit it, and fork it if you wish to. Despite the pros of being open source, it is also a security concern as the code is available for all to see, including hackers.
Does Trust Wallet support in-wallet staking?
Yes, Trust Wallet allows you to stake in-wallet. This means you can earn passive income from your cryptocurrencies from within your crypto wallet!
Does Trust Wallet support in-wallet swaps?
Yes, Trust Wallet supports in-wallet swaps. This means you can exchange your coins/tokens for other tokens without going to an exchange. Be mindful that crypto wallets often charge fees for this service.
Does Metamask require you to run a node?
No, Trust Wallet does not require you to run a node. This is great because running a node is often expensive, and requires lots of bandwidth and harddrive space. Running a node means you must download the full blockchain!