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Author Topic: What category is trust wallet  (Read 3285 times)

Offline Gurujebs

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Re: What category is trust wallet
« Reply #15 on: November 29, 2024, 07:56:47 PM »
Trust wallet is a non custodial wallet, which can give you access to having your private keys, but the only spoil to the use of this wallet was the fact that its a close source wallet and not open source, also, if you're looking for more advantages for using this same wallet type, you can find it to be supportive of many kinds of cryptocurrencies, both bitcoin and altcoins and lots of tokens all together.

Been a close source doesn't make a wallet any advantage as they team behind that project might be trustworthy and have good intentions but the problem now is that in crypto, you don't have to trust anyone unless you verified and the only way to verify is what Trust wallet has made private, they made the keys close source which means nobody will know how the wallet is built.

Open source and close source has its own advantages and disadvantages in coding space but in crypto, you can't trust anyone unless you verified, no matter the protection trust wallet is given to people, they can't be better than been open source wallet.
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Re: What category is trust wallet
« Reply #15 on: November 29, 2024, 07:56:47 PM »

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Offline rachael9385

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Re: What category is trust wallet
« Reply #16 on: December 16, 2024, 09:22:00 PM »
I have heard about some of these wallets and I've been able to use some of them and they are very good from my observation and satisfaction. But I have heard about this trust wallet but haven't been able to use it but from the way others rate it I think it is interesting and I would try it too to confirm how reliable it is.
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Re: What category is trust wallet
« Reply #16 on: December 16, 2024, 09:22:00 PM »

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Offline Z-tight

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Re: What category is trust wallet
« Reply #17 on: December 19, 2024, 11:56:28 PM »
But I have heard about this trust wallet but haven't been able to use it but from the way others rate it I think it is interesting and I would try it too to confirm how reliable it is.
Trust wallet is a closed source wallet, so if you are someone who uses only open source wallets which is the recommended thing to do, then you cannot use trust wallet. I do not use trust wallet for that reason and because i already have good BTC wallets that i use, and i use Unstoppable wallet for my altcoins.

Offline BitMaxz

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Re: What category is trust wallet
« Reply #18 on: December 20, 2024, 12:09:40 AM »
But I have heard about this trust wallet but haven't been able to use it but from the way others rate it I think it is interesting and I would try it too to confirm how reliable it is.
Trust wallet is a closed source wallet, so if you are someone who uses only open source wallets which is the recommended thing to do, then you cannot use trust wallet. I do not use trust wallet for that reason and because i already have good BTC wallets that i use, and i use Unstoppable wallet for my altcoins.
Well, I agree it is a closed-source wallet, but if you don't have other options, if the coin you want to hold in your wallet only supports Trustwallet, you don't have other choice but to use it. However, there are many option to use but the problem is which one? Trust wallet support most of the tokens and mainnet BTC and Ethereum, and I can't seems to find other alternative wallets that support most of these coins and tokens unless you are going to buy a hardware wallet.
The only alternative for trust wallet that I want is the airgap.it which is open-source the only problem is it doesn't support most of the coins and major coins. The good thing with this wallet is that you can do an offline transaction because it does have a separate cold storage wallet on another device if you install it on a different device. other option if you want to support almost all coins and tokens then Trezor wallet is a good option.
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Re: What category is trust wallet
« Reply #19 on: December 20, 2024, 09:25:25 PM »
Well, I agree it is a closed-source wallet, but if you don't have other options, if the coin you want to hold in your wallet only supports Trustwallet, you don't have other choice but to use it.
You made a very valid point, Trust wallet supports a lot of coins, unlike Unstoppable wallet. It is understandable to use Trust wallet to store your altcoins, but where i have a problem is when people use Trust wallet to store their BTC and altcoins together, when there are a lot of recommended BTC wallets, like Electrum and BlueWallet.

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Re: What category is trust wallet
« Reply #20 on: December 28, 2024, 10:44:25 AM »
Trust wallet is a multi currency digital wallet that allows users to send and receive a variety of cryptocurrencies and token deposits. It is an easy to use application that is available on both android and ios platforms. Trust wallet presents an easy way to keep your digital currencies safe and accessible. The wallet is built to provide easy access to manage your cryptocurrency, providing fast transactions, secure storage, and easy access to various digital assets. Moreover, trust wallet allows faster engagement with dApps while maintaining high security standards. Users retain full control over their private keys, which helps them gain extreme authority over their assets. This decentralized approach keeps your digital valuables under your control and making them robust against unauthorized access.

 

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