Trust Wallet is a free software wallet owned by Binance, available on iOS and Android plus a browser extension. Unlike hardware wallets (Ledger, Trezor), it requires no device purchase — you install the app, generate a recovery phrase, and have access straight from your phone. It's a fundamentally different security model: convenience and instant access in exchange for giving up physical isolation of the keys.
Security and the non-custodial model
Trust Wallet is non-custodial — keys are generated and stored locally on the device, not on Binance's or Trust Wallet's servers. That's an important distinction from holding funds on an exchange account. At the same time, the keys sit on an everyday smartphone or browser — a device that's always connected to the internet and exposed to malware, phishing, and phone theft, all of which a hardware wallet avoids by design. The open-source claim needs some unpacking: Wallet Core, the low-level cryptographic library used for key generation and signing, is public under an Apache 2.0 license. The mobile app and browser extension themselves, built on top of that library, remain closed source — so the claim that "Trust Wallet is open source" is only partially true. The question of Bluetooth doesn't really apply here — the app runs locally and doesn't connect over radio or cable.
Supported coins
Over 100 blockchains and millions of tokens. That last figure covers essentially every token built on standards like ERC-20/BEP-20, not just individually verified assets — which is why we don't cite one precise number and treat it as unverified rather than repeat the marketing figure.
Price
Completely free. The app makes money through the spread on its built-in swap feature and partner integrations.
Who it's for
For people who want to conveniently manage multiple blockchains from their phone and use the DApp browser, without planning to hold large amounts long term. For bigger sums, it's worth considering a hardware wallet (Ledger, Trezor) that isolates keys from a constantly connected device.
Trust Wallet Details
- Rating: 4.0/5
- Type: Software wallet
- Price: Free
- Supported coins: Unconfirmed (100+ blockchains, millions of tokens claimed)
- Open source: Unconfirmed (partially — only Wallet Core library)
- Bluetooth: Not applicable / unconfirmed
- Official site: trustwallet.com