Is Trust Wallet Safe? (& How To Make It Safer)
When it comes to storing crypto coins, users’ concerns often revolve around the safety of their digital currencies and other digital assets.
Most major cryptocurrency exchanges offer the possibility of storing supported assets in a user-friendly interface, but for some, this is not enough.
The mass adoption of the crypto space has created the need to go one step beyond when it comes to security measures.
That’s why Trust Wallet has become one of the top choices to store your crypto transactions on your mobile device.
But how safe is Trust Wallet really?
You are about to find out. In this blog post, we are going to cover important information about:
- Is Trust Wallet safe?;
- Should you access Trust Wallet?
- Trust Wallet vs. other wallets: which one is safer?
Is Trust Wallet Safe?
In order to send crypto, receive crypto, or trade crypto, you need a crypto wallet.
The wallet address (presented as number and letters or a QR code) linked to the platform you choose acts like your “location” in the crypto world.
In other words, choosing the right crypto wallet provider is crucial to ensure a positive crypto experience.
You don’t only need to look at the user interface, it’s vital to comprehend how the new wallet you get will protect your user data and assets.
Trust Wallet’s partnership with Binance started a while ago when the company decided to buy the app and its parent company.
Since then, this software wallet has gained enough public attention, thus becoming a really secure option for many users out there.
Trust Wallet App vs. Hardware Wallets
Software wallets, such as Trust Wallet, are great for users who want total responsibility for their assets.
Using a mobile wallet is often pretty straightforward, and since Trust Wallet supports more than 40 blockchains, it’s not weird to think that most people are happy enough using it.
Nonetheless, if you want to add an extra layer of protection, then a hardware cryptocurrency wallet is the way to go.
Although no user information is stored on Trust Wallet servers, the truth is that hardware wallets offer a more reliable option if you want to store large amounts of cryptos.
It’s hard enough for hackers to gain access to a hardware wallet, so even though the Trust Wallet app presents itself as a splendid option for mobile devices, it will never be as reliable as a hardware wallet device.
How to Improve Trust Wallet Security Measures
Just because Trust Wallet is indeed safe, doesn’t mean that you can’t improve the security measures around it.
If you want to create a safer crypto environment, then follow the following pieces of advice we have for you.
Read Also: You can safely access DApps on the Ethereum Platform using Trust Wallet!
Trust Wallet allows you to do this, so if you want to know how to Enable DApp Browser on Trust Wallet, go and read our guide!
1. Set Up and Save Your Recovery Phrase
The recovery phrase acts as a wallet backup to regain access to it in case you lose it.
We cannot stress this enough - you can’t lose the recovery words.
Even if you contacted Trust Wallet support team would help you to recover your information.
Therefore, be sure to write the words down in the correct order and store it both in physical and digital locations.
2. Keep Your Crypto Assets Safe with the Private Keys
The public key generated by Trust Wallet acts like a way to receive cryptocurrency from others, while the private key is what really encrypts your assets.
These Trust Wallet private keys are basically generated as a recovery phrase that we have already mentioned.
So, in case you want to take a look once again at Trust Wallet recovery phrase, just go to Settings in your Wallet and save it.
3. Add Extra Security Measures
There’s always room for improvement when it comes to security.
Two-factor authentication, fingerprint scanning and pin code scanning are just some of the extra measures you can follow to make your wallet even safer.
Don’t sleep on it!
4. Beware of Phishing Attempts and Third-Party Websites
Even though blockchain networks are often pretty safe, and it’s notoriously difficult to hack Trust Wallet addresses, we highly advise you to be careful when browsing the internet.
Besides, thanks to Trust Wallet’s DApp browser, there’s no need to go through third-party sites that might want to steal your information.
Bottom line - yes, Trust Wallet is indeed safe!
However, it can be safer through security improvements, and there are other options that are even safer than Trust Wallet, such as hardware devices.
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Is Trust Wallet Safe FAQ
Is Crypto Staking in Trust Wallet safe?
Staking in Trust Wallet allows you to have a voice in the network and earn interest that you can later transfer to your bank account.
So yes, it’s totally safe. Learn more about Staking in Trust Wallet here.
Is a Non-Custodial Wallet Good for Storing Digital Assets?
It’s suitable for those who want to have full control of their assets.
If you are a regular trader, or just don’t want to take this responsibility regarding your data, you can always use a custodial wallet from a major crypto exchange.
Steve specializes in cryptocurrency and finance. As a born researcher, he won’t leave any stone unturned when it comes to topics he covers.