Phantom vs Trust Wallet Comparison
In our overall rating Trust Wallet leads with 4.0 out of 5 points, ahead of Phantom with 3.8. If you care most about features and fees, Trust Wallet has the better sub-scores, and the two are level in the other areas.
Cost comparison
Not enough reviews available.
Trust Wallet itself is free: no account, no account or subscription fee. Costs only arise with transactions, and the app shows them before you confirm. For swaps in the app, Trust Wallet charges 0.7% according to its own figures, already included in the quoted rate.
| Transaction | Cost at Trust Wallet |
|---|---|
| Downloading and using the wallet | free |
| Sending and receiving crypto | only the network fee of the respective blockchain |
| Swap in the app | 0.7% Trust Wallet fee in the rate, plus network fee and any swap provider fees |
| Swaps between selected stablecoins on the same chain (except Ethereum) | 0% Trust Wallet fee since 27 August 2026, network fee still applies |
| Swaps of selected staked and wrapped tokens on Ethereum, Solana and BNB Chain | 0% Trust Wallet fee since 16 September 2026 |
| Buying crypto via partners such as MoonPay or Ramp | partner fee: often 0.5 to 1.5% by bank transfer, 2.5 to 4% by credit card or Apple Pay |
| Staking | no Trust Wallet fee, rewards vary by network |
| Trust Wallet Premium, Silver and Gold tiers | 10 or 20% off the swap fee (time-limited), network fees paid in TWT 20 to 50% cheaper |
How to save: On a EUR 1,000 swap, EUR 7 goes to Trust Wallet, plus the network fee. Swaps between stablecoins on the same chain carry no Trust Wallet fee. When buying, compare the partner quotes in the app: by bank transfer EUR 1,000 often costs EUR 5 to 15, by card EUR 25 to 40. Our Trust Wallet setup guide shows how to set up the wallet securely; we compare other wallets in our software wallet comparison.
As of 22 October 2026 according to trustwallet.com: wallet comparison (updated October 2026), Buy Crypto page and stablecoin campaign of 27 August 2026.
Pros & Cons
- Best user experience in the Solana ecosystem
- Now supports Bitcoin with Native SegWit and Taproot
- Nine networks from one wallet
- Pairs with hardware wallets
- Built-in verification of trusted applications
- Arbitrum, Optimism, BNB Chain and Avalanche not natively integrated
- Still strongly Solana-oriented
- Markup when swapping in the wallet
- No deposit protection — self-custody rests with the user
- More than 100 supported networks, including Bitcoin
- Open source code
- Very simple setup with no account
- Biometric unlock and security checks
- Built-in access to decentralised applications
- Owned by Binance: exchange and wallet from the same house
- Desktop functionality well behind the mobile app
- Support reported to be slow
- No deposit protection: self-custody rests with the user
- 0.7% fee per swap in the app, on top of the network fee
Score Comparison
Features
- Cleanest interface in this comparison
- Network list grown from five to nine chains
- Bitcoin including Ordinals
- Hardware wallet pairing
- More than 100 networks from one app
- Open source
- Mobile-first design
- No account required
The five areas head to head
AI AnalysisFees & Costs
The wallet is free; network fees go to the respective blockchain and are negligible on Solana. Swapping inside the wallet carries a markup — for larger amounts it is worth comparing against a swap through an aggregator. As of August 2026.
The wallet is free; network fees go to the respective blockchain. For swaps in the app, Trust Wallet charges 0.7%, included in the quoted rate; selected stablecoin pairs on the same chain can be swapped without this fee. When buying through partners such as MoonPay, their fee applies, and the app shows it before you confirm. As of October 2026.
Usability & User Experience
The interface is the cleanest in this comparison and immediately legible to newcomers; transactions on Solana confirm almost instantly. Available as a browser extension and mobile app. As of August 2026.
The app is among the most beginner-friendly in this comparison: setup in minutes, clear navigation, no account needed. On desktop the extension's functionality falls off noticeably. As of October 2026.
Features & Offering
Nine networks are supported, among them Solana, Ethereum, Base, Polygon, Sui and Bitcoin with Native SegWit and Taproot addresses including Ordinals. NFT management, SOL staking, biometric unlock, verification of trusted applications and hardware wallet pairing round this out. As of August 2026.
More than 100 blockchain networks with millions of tokens are supported, including Bitcoin, Ethereum, Solana and the major EVM chains. NFT management, staking of selected coins, built-in access to decentralised applications, perpetual futures through integrated providers, biometric and PIN unlock and a security scanner that checks transactions before you confirm round this out. As of October 2026.
Details
| Phantom Technologies | Company | Binance (acquired 2018) |
| US | Headquarters | Estonia |
Verdict
In our overall rating Trust Wallet leads with 4.0 against 3.8 for Phantom.
For most investors Trust Wallet is therefore the better choice.
Phantom made its name as a Solana wallet and still offers the best user experience there: the interface is uncluttered, transactions settle quickly and getting started works without prior knowledge. For anyone active in the Solana ecosystem there is little better.
The wallet is now considerably broader than its reputation suggests: alongside Solana it supports Ethereum, Base, Polygon, Sui and — contrary to common assumption — Bitcoin, with Native SegWit and Taproot addresses including Ordinals. The network list has grown from five to nine chains.
The limit is still clear: Arbitrum, Optimism, BNB Chain and Avalanche are not natively integrated, so anyone active there needs a second wallet. Phantom is not an everything-wallet but a deliberately curated selection. As with any self-custody setup there is no deposit protection and no counterparty if the recovery phrase is lost.
Trust Wallet is the most approachable of the major software wallets. The design is built consistently around the smartphone, setup takes a few minutes and no account is required. With more than 100 supported networks it covers more chains than most competitors, including Bitcoin, which sets it apart from pure EVM wallets.
One thing to know: Trust Wallet has belonged to Binance since 2018. That does not change self-custody: keys stay on the user's device and the code is open source. It does remain a concentration question when exchange and wallet come from the same house.
Desktop use is weaker: the browser extension does not match the mobile app in functionality. And as with any self-custody setup there is no deposit protection and no counterparty if the recovery phrase is lost, while support is reported to be slow when needed.