Home / Ethereum / Trust Wallet Review: Should you trust this Ethereum portfolio? – Coindoo

Trust Wallet Review: Should you trust this Ethereum portfolio? – Coindoo



Since mobile devices are so prevalent in our daily lives, it is no wonder they are also an indispensable tool for any serious hacker, trader or investor. Mobile wallets are known for their user-friendly interface, and for the most elegant, easy-to-reach, myriad features and decent security.

If you are dealing with Ethereum on a daily basis, a good mobile wallet compatible with Ethereum is a must and, fortunately, there are numerous good options on the market. Available for both Android and iOS, Trust Wallet is currently one of the best Ethereum mobile wallets and should be included on your list of potential candidates.

What is Trust Wallet?

Trust Wallet is a simplistic and efficient mobile wallet app that allows you to store, receive and send cryptocurrency tokens on the Ethereum blockchain. It can be downloaded for free directly from the Google Play Store and the Apple App Store.

What cryptocurrencies can I store on Trust Wallet?

Trust Wallet supports a wide range of ERC-20 and ERC-223 tokens such as Ether (ETH), Ethereum Classic (ETC), OmiseGO (OMG), Qtum (QTUM), Coin Binance (BNB), Maker (MKR), Augur ( REP), VeChain (VEN), ICON (ICX), Aeternity (AE), 0x (ZRX), Zilliqa (ZIL) and many others.

How safe is Trust Wallet?

It is often said that a wallet is as good as its security, and it is absolutely true. As expected from one of the best Ethereum portfolios out there, Trust Wallet boasts various security features to help you protect your cryptographic holdings.

Trust Wallet does not store your private keys on any server but, on the contrary, stores them locally on your device (which means you have control of your funds). Another security feature is that Trust does not need to add any personal data.

The portfolio also offers users the ability to restore their funds. During the installation process, you are given the option to back up your Trust Wallet and encrypt all information for when it is needed. In addition, you can add different authentication systems with biometric markers to your portfolio, including PIN and fingerprint scanning.

Finally, Trust Wallet is open source, which means that anyone (included) can review the online code. It also means that the codebase can be controlled by the community or security experts.

trustwallet.com

pros and cons

Professionals

One of the greatest advantages of Trust Wallet is the support for almost all types of ERC-20 tokens. Security is another great advantage, the wallet that guarantees you always have full control of your private keys and that your anonymity is completely protected. The fact that it is available for iOS and Android also contributes to its popularity and all-round accessibility as an app.

Last but not least, the portfolio presents an integration with some of the best decentralized cryptographic exchanges such as Coinbase, Shapeshift and Changelly, making the purchase of ETH extremely easy.

Versus

The portfolio is clearly designed specifically for the Ethereum ecosystem, which means that users can not store tokens from other platforms. Because mobile devices are almost always connected to the Internet, it's not as secure as a hardware wallet.

Should you trust this wallet?

Trust Wallet not only has some of the best security features, but the portfolio has mostly positive reviews on both the Google Play Store and the App Store. This means that the community is quite happy with what it provides, meaning it should be satisfactory.

Trust Wallet was created by a company called Six Days, LLC. The company was founded by Viktor Radchenko, the same person who co-founded Trucker Path (a mobile app that offered access to a social network for truck drivers).

Verdict

Taking everything into account, it is easy to see why Trust Wallet is so popular among Ethereum investors. The portfolio offers various advanced features, high-level security, storage of local private keys on the device and integration with some of the best decentralized exchanges.


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