Trust Wallet is a non-custodial software wallet that allows users to securely send, receive, exchange, and hold digital assets, including cryptocurrencies and NFTs.
The wallet supports multiple blockchain networks and is available on iOS, Android, and as a browser extension for desktops. Trust Wallet provides a diverse range of features, such as selling, swapping, and purchasing cryptocurrencies, collecting NFTs, and exploring dApps on Ethereum and BNB, all directly from within the app.
Trust Wallet allows users to retain control of their private keys and digital assets, including cryptocurrencies and NFTs. Trust Wallet provides extra layers of security, such as enabling Touch ID or Face ID for their wallet app, setting the auto-lock time, and keeping their private keys safe and in the correct order for backup purposes. Nevertheless, Trust Wallet is a hot wallet and is subject to phishing scams, so users must secure their recovery phrase to avoid a permanent loss of funds.
Trust Wallet never asks users for Know Your Customer (KYC) compliance during the setup, so users need not share their data to install or use the wallet. However, Trust Wallet collects information like name and email address if a user registers on the official website, and this data is protected by using multiple security measures and is never shared with outside parties except for the ones that Trust Wallet trusts.
Setting up the Trust Wallet on iOS and Android is easy, and the wallet is completely free to use. The Trust Wallet browser extension allows users to turn their desktop browser into a web3 wallet, and the mobile version of the Trust Wallet is available for both operating systems, iOS and Android. Users can access multiple tokens on different blockchain networks and even access dApps directly within the app. However, iOS users cannot access dApps on Trust Wallet.
Trust Wallet has limited customer support. If you have a problem, you can submit a ticket or send the support team an email. The wallet doesn't charge any fees for in-app transactions or swaps, but users still have to pay the network fee. Trust Wallet charges a 1% fee on top of the fees charged by third-party exchanges when you buy cryptocurrencies through the app. Users can avoid this fee by holding at least 100 Trust Wallet native $TWT tokens.