Trust Wallet Reviews
Mobile-first multi-chain wallet supporting more than 100 networks: approachable, but owned by Binance.
Trust Wallet Rating
Our Opinion
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.
Pros & Cons
- 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
Costs & Discounts
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.
User Experiences
AI AnalysisOur AI collects and analyzes user reviews of Trust Wallet from the web and summarizes the key findings.
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.
Editorial assessment based on publicly documented provider information and independent industry sources. As of October 2026. Self-custody means that losing your recovery phrase results in permanent loss of funds. This comparison is not investment advice. All information without guarantee.
Features
Highlights
- More than 100 networks from one app
- Open source
- Mobile-first design
- No account required
Tradeable Assets
- More than 100 blockchain networks
- Bitcoin and Ethereum
- Millions of tokens
- NFTs
Trading Options
- Sending and receiving
- Swapping in the app
- Staking selected coins
- Access to decentralised applications
About Trust Wallet
Compare Trust Wallet
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October 26, 2026 12:26 AM
Keystone confirms data breach: “We owe you an apology”
Hardware wallet maker Keystone has disclosed a break-in at its web shop: customer names, delivery addresses and order details were taken. Recovery phrases and private keys are not affected, the company says, and the real risk lies with phishing and the home address now in the open.
October 26, 2026 12:15 AM
Coldcard class action over $140 million: what it means for owners
A proposed class action against Coldcard maker Coinkite is before a court in Ontario: a firmware flaw allegedly made recovery phrases predictable, and the claim puts the Bitcoin drained as a result at more than $140 million. What owners of an affected device should check and document now.
October 25, 2026 3:31 PM
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October 27, 2026 12:48 PM
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