Trust Wallet review

This Trust Wallet review examines one of the most downloaded self-custody wallets, with support for more than 100 blockchains, as of October 2026. Trust Wallet is free and easy to start with, but its browser extension was hit by a serious supply-chain attack in December 2025. We cover the security model, swap fees, networks, the incident and who the wallet suits.

What is Trust Wallet?

Trust Wallet is a non-custodial hot wallet for iOS and Android, with a browser extension for Chrome and other Chromium browsers such as Brave and Edge. It was founded in 2017 by Viktor Radchenko and bought by Binance in July 2018; it now operates as a separate company owned by Binance founder Changpeng Zhao. Felix Fan, a former OKX product director, became CEO in February 2026, succeeding Eowyn Chen.

The app has grown from a simple wallet into a trading hub: swaps, staking, perpetual futures, prediction markets, tokenized real-world assets and a dapp browser. Trust Wallet says it serves more than 220 million users. Beginners can read our guide to how crypto wallets work first.

Security model

Keys are generated and encrypted on your device; Trust Wallet cannot access them or reset your password. The Secret Phrase is the only backup, so store it offline as explained in our seed phrase security guide. The app adds a security scanner that checks transactions against known risk signals, a token approval manager to revoke permissions, and biometric or passkey unlock.

Hardware wallet support is limited: the browser extension connects to a Ledger over USB for Bitcoin, Ethereum and Solana accounts. If you plan to hold a significant amount, a dedicated device such as the Ledger Nano X used with a compatible wallet is the safer setup.

Trust Wallet’s core cryptographic library, Wallet Core, is open source on GitHub, but the apps themselves are proprietary.

The December 2025 extension incident

On 24 December 2025, a malicious version 2.68 of the Trust Wallet browser extension was published on the Chrome Web Store. It harvested wallet data from users who opened and unlocked it until 26 December. In its update of July 2026, Trust Wallet counts 2,520 drained Trust Wallet addresses and about USD 8.5 million linked to 17 attacker addresses. The mobile app was not affected.

According to the company, the attacker obtained developer GitHub secrets during the Sha1-Hulud supply-chain attack of November 2025, including a Chrome Web Store API key, and used it to publish a tampered build that bypassed internal review. Trust Wallet released a clean version (2.69) and decided to reimburse victims voluntarily; it reports more than 5,000 claims, many duplicate or fraudulent, checked case by case.

It was not the first extension problem. In April 2023, Trust Wallet disclosed a flaw in wallet generation affecting addresses created in the extension between 14 and 23 November 2022; about USD 170,000 was stolen and the company said it would reimburse the losses. Both cases weigh on our security score.

Features and fees

Swaps

Trust Wallet offers same-chain and cross-chain swaps; cross-chain routes rely on third-party bridges. The quote screen shows the expected output, network fee and slippage before you sign. Trust Wallet does not publish a single standard swap fee rate, so compare the final amount received with other routes.

The stablecoin campaign announced in August 2026 covers pairs such as USDC to USDT on the same network, on BNB Chain, Solana, Arbitrum, Polygon, Base, Optimism and Avalanche.

Staking, perps and other products

• Staking of supported assets (25 are listed in the extension), with variable rewards.
• Perpetual futures through Aster DEX (up to 200x) and, since April 2026, Hyperliquid (up to 40x). Not available in the US, the UK or Hong Kong; RWA perps are also blocked in the EU, Canada and Australia. These are high-risk products.
• Prediction markets, tokenized assets, a memecoin section and a dapp browser.
• Crypto purchases by card or bank transfer through third-party providers.

TWT and Trust Premium

Trust Wallet has its own token, TWT. Since November 2025, the Trust Premium loyalty program turns in-app activity into XP and Bronze, Silver or Gold tiers, maintained by holding or locking TWT, with gas and fee discounts. Treat these perks as marketing, not a reason to buy the token.

Supported networks

Trust Wallet supports more than 100 blockchains, including Bitcoin, Ethereum, Solana, BNB Smart Chain, Polygon, Arbitrum, Base, Optimism, Avalanche, TRON and TON, plus many EVM networks.

Who is Trust Wallet for?

Trust Wallet suits mobile users who hold coins on many different chains and want one app for all of them, including BNB Chain and TRON. Security-minded users should prefer the mobile app to the extension, keep only spending money in it and follow our tips on avoiding crypto scams.

Alternatives

MetaMask is stronger for EVM DeFi and hardware wallets, Phantom is smoother on Solana, and Exodus adds a desktop app.

Verdict

Trust Wallet’s chain coverage and mobile experience are excellent, and its reimbursement of victims counts in its favour. But two extension incidents in three years, unpublished standard swap fees and closed app code lower our rating.