Costs, licensing, consumer protection Privacy, self-custody, censorship resistance

Trust Wallet

Trust Wallet

4.3/5 3.9/5
Custody Self-custody

Data verified on unchanged since the sources

Worth it if you want a very broad multichain mobile wallet (100+ blockchains, EVM and non-EVM) with a built-in dApp browser, swaps and staking and a beginner-friendly experience.

Avoid it if you require a fully open-source app (only the Wallet Core library is) or consider the historical ties to Binance a dealbreaker.

Trust Wallet is a multichain non-custodial self-custody mobile wallet, created in 2017 by Viktor Radchenko and acquired by Binance in 2018 (today it operates as an independent entity). It supports millions of tokens across 100+ blockchains, both EVM and non-EVM, with a built-in dApp browser, swaps and staking directly in the app. Private keys stay on the device, protected by a 12-word recovery phrase. It is available as a mobile app and a browser extension. Its key management is built on Wallet Core, an open-source MIT-licensed library maintained publicly on GitHub.

40
Transparency: Low
40/100 · see methodology
40
Data exposure: Low
40/100 · lower is better for sovereignty · methodology

Data & conditions

Fund custody Self-custody (funds in your control)
Type Software (hot wallet)
Source code Partly open-source
Recovery Seed phrase 12 parole (BIP-39)
Bitcoin-only No
Supported chains Bitcoin, Ethereum, BNB Chain, Polygon, Solana, Polkadot, Tezos
Built-in swap Yes
Built-in staking Yes
dApp browser Yes
WalletConnect Yes
Built-in fiat on-ramp Yes
Segment B2C
MiCA / License status Nessuna (wallet self-custody non-custodial)

Strengths

  • Very broad multichain support (100+ blockchains, EVM and non-EVM); built-in dApp browser, swaps and staking; simple mobile experience for beginners.
  • Self-custody: funds stay in your wallet — the platform cannot touch them.
  • No KYC: usable without identity verification.

Weaknesses

  • Client app not fully open-source (Wallet Core library is, not the whole app); historical ties to Binance; seed phrase is the user's responsibility.
  • No notable sovereignty drawback documented.

Verdict

A A ★ 4.3/5 ★ 3.9/5

Score 4.3/5, very strong profile. In its favour: very broad multichain support (100+ blockchains, EVM and non-EVM); built-in dApp browser, swaps and staking; simple mobile experience for beginners. The trade-off to weigh: client app not fully open-source (Wallet Core library is, not the whole app); historical ties to Binance; seed phrase is the user's responsibility.

On the Sovereignty lens the score is 3.9/5 (very strong): the strength is fund control (5.0/5), while trustless / auditability (2.5/5) is the weak link.

Privacy & anonymity 30% 4.2
Fund control 20% 5.0
Censorship resistance 20% 4.0
Trustless / auditability 20% 2.5

Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.

"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.

Reputation

What happened to people who used Trust Wallet, and what users say. External signals: they do not feed the promp.it rating.

Incidents & regulatory actions

Notable incidents

Documented events with consequences still open. Each entry carries a source and a date.

  1. Hack / funds theft Critical $9M ● open

    A malicious version of the browser extension (2.68) was published to the Chrome Web Store outside the release process: 2,520 wallets drained, about $8.5 million, voluntary reimbursement still under way

    On 24 December 2025 an "unauthorized and malicious" version of the Trust Wallet Browser Extension, 2.68, was published to the Chrome Web Store "outside of our standard release process" — Trust Wallet's own words in its community update, published on 30 December 2025 and updated on 17 July 2026. Opening the extension on desktop with that version meant having the wallet drained. The official figures: "2,520 wallet addresses that were affected by this incident and drained by the attackers, with approximately $8.5 million in assets impacted that can be associated with 17 wallet addresses controlled by the attacker". The fix is version 2.69, to be installed in place of 2.68. On the cause Trust Wallet publishes no technical post-mortem but a stated likelihood: "the Browser Extension v2.68 incident is likely related to the industry-wide Sha1-Hulud incident in November", which it believes gave the attacker "access to the browser extension source code and the Chrome Web Store API key" — the key used to publish an update signed as if it came from the company. The figure grew over time, worth remembering because all three still circulate: on 25 December ZachXBT spoke of "upwards of $6 million" from an initial list of theft addresses, Changpeng Zhao the same day of "$7m affected so far", and only the later official count reached $8.5 million. On reimbursement: Trust Wallet decided to "voluntarily reimburse the affected users", but the process is NOT closed. The company states it received "over 5,000 claims" against 2,520 verified addresses, "indicating a significant number of duplicate or false submissions", and that "claim reviews are ongoing and handled on a case-by-case basis". As of 30 September 2026 there is no past-tense statement saying reimbursements have been completed, which is why this stays open. Scope, because it matters: the desktop browser extension was hit, not the mobile app.

    ↗ source

verified on

Public reviews

4.6/5 199,681 reviews
  • App Store ↗ 4.7/5 198,730 reviews

    Exact rating from itunes.apple.com/lookup?id=1288339409 ('Trust: Crypto & Bitcoin Wallet' app). Google Play omitted (JSON-LD unreadable, secondary sources conflicting). Note: the serious incidents concern the desktop extension, not the mobile app reviewed here.

  • Trustpilot ↗ 1.2/5 951 reviews

    TrustScore read via uk.trustpilot.com (.com returns 403), unclaimed trustwallet.com profile. 93% 1-star: typical of self-custody wallets (many are users seeking 'support' or third-party drainer victims, not product defects).

Weighted average across 2 public review platforms (199,681 reviews in total), weighted by volume. This is not our rating: it is those platforms’ average.

FAQ

Is Trust Wallet custodial?

No. Trust Wallet is a non-custodial self-custody wallet: your private keys and 12-word recovery phrase stay on your device, the company has no access to your funds.

Which blockchains does Trust Wallet support?

Trust Wallet is multichain and supports 100+ blockchains, both EVM (Ethereum, BNB Chain, Polygon, etc.) and non-EVM (Bitcoin, Solana, Tezos, Polkadot and others), with staking available on dozens of assets.

Is Trust Wallet open source?

Partly. Its key management is built on Wallet Core, an MIT-licensed open-source library on GitHub, but the client app is not fully open-source. That's why we classify it as partially open-source.

Sources

Update history

✓ Terms unchanged since Jun 20, 2026

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