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Author Topic: Is trust wallet secure?  (Read 4673 times)

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Is trust wallet secure?
« on: May 06, 2021, 11:09:52 AM »
Why are you use trust wallet? Is trust wallet secure to use and how it would save our digital currency? I think it would be safe and secure than others wallets? Please send your opinions.

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Is trust wallet secure?
« on: May 06, 2021, 11:09:52 AM »

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Re: Is trust wallet secure?
« Reply #1 on: May 06, 2021, 11:19:50 AM »
The security of any software is directly proportional to the use that users give it. As a general rule, the software is safe (with a few exceptions) but the problems always come from the user side. Not configuring it correctly, leaving important information in unsafe places... These are some of the most common cases and the ones that generate the most problems.
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Re: Is trust wallet secure?
« Reply #2 on: October 21, 2021, 08:50:52 PM »
Why are you use trust wallet? Is trust wallet secure to use and how it would save our digital currency? I think it would be safe and secure than others wallets? Please send your opinions.
Actually I don't know any news about trust wallet hacking but if one keep their security of phase in unsafe place then it obviously possible to phishing or hacking.

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Re: Is trust wallet secure?
« Reply #3 on: November 08, 2021, 07:03:34 AM »
Trust Wallet is so secure that no one has ever been able to say that a Trust Wallet account has been hacked.Your wallet will be safe as long as you do not share the private face of this wallet with anyone else.No one will even know anything about your wallet.Most bounty hunters and investors nowadays probably use this wallet.

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Re: Is trust wallet secure?
« Reply #4 on: November 09, 2021, 07:39:21 AM »
The benefits of using a trust wallet in cryptocurrency are unmatched by any other wallet.Trust Wallet is easy to use because it can be used by everyone, big or small, but if the security of this wallet is very strong, no one can hack this wallet even if they want to.

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Re: Is trust wallet secure?
« Reply #5 on: November 11, 2021, 08:45:38 AM »
Trust Wallet is definitely a popular and standard wallet.Trust Wallet is a very secure and easy to use wallet This wallet has gained a lot of popularity nowadays. Most people around the world feel comfortable using this wallet.Although there is much more to be said then to my knowledge people feel more comfortable using Trust Wallet I think Trust Wallet is a very easy to use and standard wallet The use of trust wallet is increasing day by day so this wallet will gain better popularity in future.
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Re: Is trust wallet secure?
« Reply #6 on: December 13, 2022, 09:31:36 AM »
Trust wallet is a safe and secure option for storing crypto assets. It is simple yet effective digital wallet which offers great features that include quite straightforward and user-friendly.

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Re: Is trust wallet secure?
« Reply #6 on: December 13, 2022, 09:31:36 AM »


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Re: Is trust wallet secure?
« Reply #7 on: December 20, 2023, 03:09:20 PM »
Trust wallet is most convenient to use as this wallet supports all platform tokens.I have been using trust wallet for a long time.

I find this wallet most safe and secure to use.

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Re: Is trust wallet secure?
« Reply #8 on: December 21, 2023, 07:01:03 AM »
Trust wallet is most convenient to use as this wallet supports all platform tokens.I have been using trust wallet for a long time.

I find this wallet most safe and secure to use.
We can definitely consider that trust wallet as a secure wallet because it provides a decentralized way for users to trust it to store their assets. Trust Wallet supports users to store a wide range of assets. However, it has some features due to which users can trust its use.

Trust Wallet is a non-custodial wallet that allows users to have full control over their assets.This wallet stores private keys in the user's own control. No information is provided here with the Trust Wallet service. Moreover, since the code of this wallet is open source, anyone has the ability to conduct security reviews or investigations.

In case of using this wallet, users get biometric benefits, so their funds are more secure.

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Re: Is trust wallet secure?
« Reply #9 on: January 01, 2024, 05:43:21 AM »
Trust Wallet is a non-custodial wallet that allows users to have full control over their assets.This wallet stores private keys in the user's own control. No information is provided here with the Trust Wallet service. Moreover, since the code of this wallet is op
Trust Wallet is not completely open source IIRC. Are you referring to their Trust Wallet Core source code on GitHub? As far as I understand it, it is just a part of their apps and doesn't contain all the code of the software. Even if they use open-source wallet library code, they can still add some analytics or stuff like that without your approval. Personally, I wouldn't recommend Trust Wallet if your goal is to get a secure, open-source, and private mobile wallet. Other options are easy to get nowadays, you can build them yourself and see if the developer adds some backdoor or not.

It is surprising to see how the opinion of people about Trust Wallet has changed over the years though.

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Re: Is trust wallet secure?
« Reply #10 on: January 13, 2024, 08:23:14 AM »
This is an old post, so I believe that at when this post was created Trust wallet was safe. Trust wallet is closed source and it is not advisable to use closed source wallet to safe our funds as it will be vulnerable to attack. Open source wallets are the best wallet to use, either hot wallet or hardware wallet. Electrum and blue wallet is good for hotline. You can also use electrum ass cold storage by generating the keys on an airgapped device and never connect it to the internet. You then create a watch only wallet to monitor, track and broadcast transactions. Hardware wallet like unstoppable and Trezor are good.

https://coindoo.com/trust-wallet-hacked/

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Re: Is trust wallet secure?
« Reply #11 on: January 14, 2024, 05:52:58 PM »
Trust wallet is believed to be safe but you have to follow many rules in it which if not followed your wallet will be hacked. First of all when you regenerate your wallet be sure to save the key it provides. After saving that wallet key, be sure to write it down in a notebook and later keep it in a safe place where no one else knows. As long as you have that key in a safe place, your wallet is safe too. So if you are using a trust wallet with security then of course it is trusted but you will definitely lose your money when your keys fall into the wrong hands.

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Re: Is trust wallet secure?
« Reply #12 on: February 02, 2024, 12:29:45 PM »
This is an old post, so I believe that at when this post was created Trust wallet was safe. Trust wallet is closed source and it is not advisable to use closed source wallet to safe our funds as it will be vulnerable to attack. Open source wallets are the best wallet to use, either hot wallet or hardware wallet. Electrum and blue wallet is good for hotline. You can also use electrum ass cold storage by generating the keys on an airgapped device and never connect it to the internet. You then create a watch only wallet to monitor, track and broadcast transactions. Hardware wallet like unstoppable and Trezor are good.

https://coindoo.com/trust-wallet-hacked/
This is the post that I have been looking for. I am surprised that a topic of trust wallet would be raised and no one will say about his closed source code. After reading this your post I had to scroll up to check the date when the other post we are made and I was surprised to see that they were made some years ago when they trust wallet was an open source wallet.

But that not we standing I can say that the major issue between this closed and open source wallet is about mindset. There is actually no difference between when Trust wallet was open source and closed in case of security and the report of hack. Trust wallet and their own haven't received lesser number of patronage, it has been growing from strength to strength and there is no such report about malicious activities that is from the side of the trust wallet. An closed source code that is in the hands of safe people should be trusted, besides there are also open source scam projects.
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Re: Is trust wallet secure?
« Reply #13 on: February 02, 2024, 12:37:35 PM »
Trust wallet is believed to be safe but you have to follow many rules in it which if not followed your wallet will be hacked. First of all when you regenerate your wallet be sure to save the key it provides. After saving that wallet key, be sure to write it down in a notebook and later keep it in a safe place where no one else knows. As long as you have that key in a safe place, your wallet is safe too. So if you are using a trust wallet with security then of course it is trusted but you will definitely lose your money when your keys fall into the wrong hands.

By default, Trust wallet doesn't generate keys, it gives you a seed phrase and mostly it's a 12 worlds in Wallet import format i.e you can import the same seed phrase into wallet like Metamask and has access to all type of tokens.

The only reason why I will advice person to use Trust wallet is because they support most popular coins and with a single seed phrase, you can send and receive any type of coins of your choice but when you import that into Metamask, you will only see tokens that are EVM supported like ethereum, Binance smart chain, fantom, Matic/polygon, and Avalanche side chain.

Always make sure that your wallet is back up fully and written on a metal plate, it will help you in the future when you don't have access to your seed phrase /private keys again.
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Online Sokani

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    Poll Voter Topic Starter Karma
Re: Is trust wallet secure?
« Reply #14 on: February 08, 2024, 05:30:20 PM »
Trust wallet has a very nice user interface and it's easy to use but it's not secure because it's a closed source wallet. The fact that there are lesser persons looking through the codes constitute a security risk, a hacker can exploit a bug and steal your funds. A good alternative for trust wallet is unstoppable wallet, which is an open source wallet. It supports multiple coins and also can interact with defi services via walletconnect.
« Last Edit: February 08, 2024, 05:32:26 PM by Sokani »

 

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