Trust wallet Best Security

[Papusha20]

Trust Wallet is the best wallet in terms of security. Various platforms can be added to this wallet and buying and selling can be done in the browser from here. So I think it's best to use this trust wallet, but keeping the Privet Key 🗝️🔐 in the right place is very less likely to get hacked. Trust Wallet feels more comfortable to use and the greater security is totally worth using.
How reasonable do you think it is to use a trust wallet?

[tomos81]

Trust wallets are usually made up of 12-word passwords. If the password of the trust wallet is stored well then the chances of hacking are very less. So I currently use trust wallet it is very secure, this trust wallet is more important that BSC20 tokens can be sold and bought from the wallet. Thus there are many other benefits which are quite attractive in using this wallet, and multiple wallets can be opened.

[Sokani]

Trust Wallet is the best wallet in terms of security. Various platforms can be added to this wallet and buying and selling can be done in the browser from here. So I think it's best to use this trust wallet, but keeping the Privet Key 🗝️🔐 in the right place is very less likely to get hacked. Trust Wallet feels more comfortable to use and the greater security is totally worth using.
How reasonable do you think it is to use a trust wallet?

I don't know how you came to the conclusion that Trust wallet is the best wallet but know this, open source wallets are better than close source wallets. Trust wallet is closed source, it's owned by Binance, and the code is not made public. An hacker can exploit the a bug in the code and steal your funds. The most secured wallet is an hardware wallet or use open source software wallet like electrum on an airgapped device.

[Yamane_Keto]

What you are trying to describe is not related to security, but rather the assembly or ALL IN ONE where you connect and get all these services in one place and with just one click.
In terms of security, Trust Wallet is bad it is

• Closed source
• There is no way to be sure that they are not recording the private key
• There is no way to confirm whether there are back doors
• It cannot be used for cold storage
• The wallet file is not encrypted with a strong password
• have permissions they don't need.
• have sync issues
• There is no possibility to connect to a private full node, so they can block you from sending if they want.

 

[NikeFit_7777]

Completely agree with the opinion of the author of the topic. The wallet is completely safe + time-tested. For several years, as long as I've been using it, not a single problem has arisen. Initially save your seed phrase - with the rest of the problems will not arise. As for me, there is no sense to overpay buying cold wallets when there is (the famous) Trust. Use it wisely and you won't have to think about safety.

P.S. If you have no experience in using it, you can find a lot of articles + video reviews on the Internet. Do some research if you need it. The wallet is super. 

[joniboini]

The wallet is completely safe + time-tested. For several years, as long as I've been using it, not a single problem has arisen. Initially save your seed phrase - with the rest of the problems will not arise. As for me, there is no sense to overpay buying cold wallets when there is (the famous) Trust. Use it wisely and you won't have to think about safety.

This is a terrible mindset. Other wallets like Atomic (IIRC) were also 'time-tested' until a hacker found an exploit and used it to their advantage. Who's to say the same thing doesn't happen to Trust Wallet since you can't verify all of their codes? As others have mentioned, just because you don't find any problem with it doesn't mean the app is secure. If anything, if you've been into crypto for some time, you'll realize that trusting a third party is a terrible idea (API abuse, wallet hack, data leaks, exploit on software, etc). I also disagree that anyone should stop thinking about safety. That defeats the entire purpose of self-custody and the best security practice whether you're in crypto or not.

[Yamane_Keto]

Completely agree with the opinion of the author of the topic. The wallet is completely safe + time-tested. For several years, as long as I've been using it, not a single problem has arisen. Initially save your seed phrase - with the rest of the problems will not arise. As for me, there is no sense to overpay buying cold wallets when there is (the famous) Trust. Use it wisely and you won't have to think about safety.

The fact that a problem does not occur does not mean that the wallet is safe because we simply cannot say that it is safe, and a problem has already occurred, and I will mention some of them:

Last November, vulnerability affecting wallet addresses created through the browser extension was reported
https://twitter.com/TrustWallet/status/1649699428733947906
https://community.trustwallet.com/t/wasm-vulnerability-incident-update-and-recommended-actions/750786

At the beginning of last year, it was reported that a person lost about $4 million due to using trust wallet https://twitter.com/TrustWallet/status/1623355786557632512

It is true that both cases did not cause loss to all users, but we cannot know what was written, as the wallet code is closed source, and open source wallets such as Electrum can be used for free without the need to pay any fees.

[NikeFit_7777]

This is a terrible mindset. Other wallets like Atomic (IIRC) were also 'time-tested' until a hacker found an exploit and used it to their advantage. Who's to say the same thing doesn't happen to Trust Wallet since you can't verify all of their codes? As others have mentioned, just because you don't find any problem with it doesn't mean the app is secure. If anything, if you've been into crypto for some time, you'll realize that trusting a third party is a terrible idea (API abuse, wallet hack, data leaks, exploit on software, etc). I also disagree that anyone should stop thinking about safety. That defeats the entire purpose of self-custody and the best security practice whether you're in crypto or not.

P.S. So I'm not imposing my thoughts. You have to make your own decisions. 

Personally, no one has stolen funds from me/+ I have never been in any (fraudulent) situations. I think it's great. Then why make unnecessary movements? Yes, (undoubtedly) there should be diversification. Again, I believe this should be at everyone's discretion. It's easier for me to use Trust than to buy cold wallets and so on. Absolutely nothing against it have no. Do as you see fit. 

[Power420]

Trust wallet is basically the most famous because multiple wallets can be added because here multiple coins of different platforms can be stored in one wallet. All tokens of BSC20 platform and Tron platform, Ethereum platform and other unique platforms can be added. There are more opportunities that you can sell tokens from within the browser of this trust wallet. Buying and selling from here is very easy and the gas fees are saved a lot so at least the buying and selling is done in a simple way. Transaction system is very simple complete which is easy procedure for hunters. This wallet is highly secure and less likely to be hacked, with a 12-word password.

[Yamane_Keto]

Again, I believe this should be at everyone's discretion. It's easier for me to use Trust than to buy cold wallets and so on. Absolutely nothing against it have no. Do as you see fit. 

The options are not limited to trust wallet or buying a wallet, at least for Bitcoin, as there are open source and safer alternatives.

Transaction system is very simple complete which is easy procedure for hunters. This wallet is highly secure and less likely to be hacked, with a 12-word password.

The only feature that makes everyone use it is ease of use and its support for all cryptocurrency pairs.

[Fancode09]

This wallet has very strong security as it is built by trust wallet phase.  Using this trust wallet has huge benefits as you can complete transactions at low cost and fast speed.