Trust Wallet review: what it costs and where the extension falls short

Trust Wallet is a non-custodial wallet, available as a mobile app and a browser extension. There is no charge to install it or to hold assets in it. Trust Wallet states its in-app swap fee is 0%; that cost is not itemized separately but embedded in the exchange rate shown before you confirm, so it needs to be checked in the spread rather than in a fee line. In our test, swapping 100 USDT to ETH cost approximately 0.85% all in.

Trust Wallet covers Bitcoin, Ethereum, Tron and Monero natively, alongside more than 100 blockchains in total — a wider native footprint than EVM-only wallets, and unlike wallets such as Rabby that either omit several of these networks or require a second wallet to hold them. Card purchases route through third-party providers; Trust Wallet's own mark-up on that purchase is 1%, on top of whatever the provider itself charges.

Test passport

Every number in this review comes from one hands-on session on the browser extension. 

What we tested, and what we did not

We installed the Chrome extension, created a wallet from scratch, received and sent funds, ran a swap, and restored the wallet on a clean browser profile. We also read the Terms of Service, the Privacy Notice, the published security page, and the audit reports Trust Wallet links to.

We did not install the mobile app, connect a Ledger device, trade perpetuals, use prediction markets, or time the support team. Everything below about the mobile app or about platforms we did not install comes from Trust Wallet's own published materials rather than from our own use, and is labeled as such.

Trust Wallet at a glance

The extension and the mobile app do not share a security record

Most reviews treat a wallet as one product with two icons. With Trust Wallet that undersells a real difference: every security incident we found in researching this review happened on the browser extension, and none has been reported on mobile in the same period.

This does not mean the extension is unsafe to use. It means the extension has absorbed nearly all of Trust Wallet's documented incident history, and that balance should inform how much value you keep there versus on mobile.

Setting up Trust Wallet

Installation runs in the browser and takes a few minutes. The seed phrase backup step cannot be redone later, so read it before you start.

Step 1. Install the extension

Install from the Chrome Web Store, reachable from trustwallet.com. Confirm the publisher and review count before installing, rather than trusting the first search result.

Screenshot: Trust Wallet Chrome Extension 

Step 2. Create a new wallet or import one

Choose to create a new wallet, or import an existing seed phrase or private key. Trust Wallet's seed phrase is BIP39-compatible, so an imported wallet's addresses, balances and history stay as they were.

Step 3. Set a password

The password unlocks Trust Wallet on this device only. Trust Wallet's Terms of Service state it does not store this password and cannot reset it if forgotten; the seed phrase is the only way back in.

Step 4. Back up the seed phrase

Trust Wallet generates twelve words and asks you to confirm them. Anyone who reads them controls the wallet, on any device, without your password.

Step 5. Start using the wallet

Once setup completes, the interface shows the current balance, Send, Swap and Fund buttons, Crypto NFTs, and Approvals tabs, as well as the app menu.

Receiving and sending

The Receive screen shows a warning about the risk of losing assets due to a wrong network, which network is preselected, a QR code, and the address.

Screenshot: Trust Wallet Receive Screen

The confirmation screen shows the preselected network, but a wrong-network warning does not appear. Also, fees are not disclosed. 

How to swap in Trust Wallet

Trust Wallet routes swaps through third-party decentralized exchanges rather than holding its own liquidity. Its Terms of Service state that Trust Wallet does not control or guarantee the accuracy of the rate or fee information these third parties display.

Step 1. Open Swap

The Swap button is available on the Home screen of the extension. 

Step 2. Choose the tokens and network

Users can pick a network from a drop-down list or type in the needed ticker. 

Step 3. Enter the amount and review the rate

Trust Wallet states its own swap fee is 0%. The DEX-side spread is included in the exchange rate shown on this screen rather than itemized as a separate charge — this is the screen to compare against the market rate, not a fee field elsewhere in the flow.

Screenshot: Trust Wallet Swap Screen

Step 4. Read the price-impact warning before confirming

On our 100 USDT test swap, Trust Wallet displayed a warning before the confirmation step: "(-66.057%) High price impact — you may receive much less than expected." At face value, that figure means completing the trade at the quoted route would have returned roughly half the value of the amount sent. We did not have a way to confirm from inside the app whether this reflected genuinely thin liquidity on that specific route, a stale or miscalculated rate, or an application-side issue — Trust Wallet's interface states the risk without explaining its cause. 

Screenshot: Trust Wallet Swap Screen

Step 5. Confirm and sign

A follow-up swap on the USDT-to-ETH pair carried no price-impact warning and completed normally. Trust Wallet's confirmation screen showed an estimated fee of $0.15 before signing.

What the swap in Trust Wallet actually cost:

Screenshot: Completed Swap of 100USDT to ETH in Trust Wallet

Buying crypto with a card

Card purchases in Trust Wallet are handled by third-party on-ramp providers. Trust Wallet's own mark-up on this transaction is 1%, on top of the exchange rate and any fee the provider itself charges. Its Terms of Service state that Trust Wallet cannot revise, cancel, or take responsibility for a submitted purchase once it has been sent to the provider.

A user can pick an on-ramp service from a drop-down list, and the app marks a provider with the best quote. 

Screenshot: A list of on-ramp provides for purchasing crypto 

After a user selects the provider, fills in the sum, and clicks Continue, they are transferred to a third-party website. 

Networks and assets

Trust Wallet natively supports Bitcoin, Ethereum, and Tron, alongside more than 100 blockchains. Token standards and additional assets are added on an ongoing basis. The actual number of supported networks visible in the extension is 109.

Screenshot: Supported networks

Beyond the wallet

Trust Wallet has grown well past storing and sending crypto. Its own site lists nine feature areas in its main navigation beyond the base wallet: swaps, staking, NFTs, security, buy crypto, SWIFT, RWAs, perpetual futures and prediction markets. The sections below cover what each does and, where relevant, who actually operates it.

Staking

Trust Wallet lets you deposit supported assets with a validator and earn network-issued rewards directly in the app, with an estimated APR shown before you commit.

For example, a 2.52% APR is offered for ETH staking.

Screenshot: Staking ETH in Trust Wallet

NFTs

Trust Wallet supports viewing, sending and receiving NFTs across the chains it covers, alongside a spam-filtering option that lets you hide and report unwanted or fraudulent NFTs sent to your address.

Trust Premium and TWT

Trust Premium is a loyalty tier built around holding or locking TWT, Trust Wallet's own token. Trust Wallet states that depending on tier, it can unlock gas-fee discounts when paying in TWT, swap-fee discounts, and selected buy-fee discounts. Since November 2025, TWT holders have also been able to vote on protocol changes through a token holder governance process that Trust Wallet describes as independent of Binance's BNB Chain.

Security Scanner

Trust Wallet Status is a risk-monitoring layer that flags potentially malicious transactions and dApp connections before you sign, running across the features above as well as ordinary sends and swaps. Trust Wallet's 2025 year-end report states the Scanner flagged over $191 million in potentially harmful transactions and helped recover $260,000 in stolen funds during the year — figures Trust Wallet reports about its own product rather than figures verified by an outside party.

Screenshot: Trust Wallet Status risk-monitoring service

Open source and audits

Trust Wallet's Wallet Core — the library that handles key generation, address derivation and transaction signing — is published as open source in its GitHub organization. The browser extension and the mobile app built on top of that library are closed source.  

Trust Wallet states it undergoes audits from several firms on a rolling basis, including CertiK, Cure53, Halborn, Kudelski and Quantstamp. The most recent audit we found referenced by version was a Halborn smart contract audit of the swap feature, dated April 2025. Trust Wallet also holds ISO 27001 and ISO 27701 certification and runs a public bug bounty program.

Security incidents

Presented chronologically. The pattern, not any single entry, is the point: every incident below is specific to the browser extension.

The December 2025 incident is the largest and most recent: a supply-chain attack exposed Trust Wallet's developer credentials, which were then used to publish a compromised extension update outside Trust Wallet's normal release process. Anyone who unlocked the wallet on the affected version had their seed phrase exposed. Trust Wallet stated the mobile app was not affected. Reimbursement for affected users was in progress as of the following month, handled on a case-by-case basis.

Privacy: what Trust Wallet collects

Creating a wallet requires no name or email address. Trust Wallet's Privacy Notice, last updated October 22, 2025, states that wallet private keys and addresses are stored locally and not collected by Trust Wallet.

What Trust Wallet does collect: public transaction history from the blockchain, device and usage information (model, operating system, app version), and — for website and support interactions rather than wallet use — contact details you choose to provide. The Notice states IP addresses are used only transiently for traffic routing and are not stored.

Recovery: does the backup work?

We removed the extension and restored it in a clean browser profile using the seed phrase. As a result, the wallet was restored successfully. The Ethereum and Bitcoin addresses generated on restore matched the original addresses exactly, confirming the seed phrase reproduces the same accounts rather than a different derivation path. 

A related display issue surfaced: at one point the app's USDT balance stopped showing correctly, even though the address and underlying funds were unaffected.  

Where the interface confused us

1. 1. Attempting the 100 USDT swap produced a price-impact warning reading implying the trade as quoted would have returned roughly half the value sent. The interface does not explain the cause — whether the route had genuinely thin liquidity, the rate was stale, or something else was wrong — leaving the user to guess whether declining the trade was the right call or an overreaction.
2. 2. We looked for a way to contact Trust Wallet support directly from inside the app and did not find a human support option. Support appears to be limited to self-service help articles and a chat bot that could only explain the issue as “this is very likely a temporary display sync issue”.

Who it's for and who it isn't

If you hold Bitcoin, an EVM chain, Solana and Tron and don't want a separate wallet for each

Trust Wallet is one of the few wallets in this series that manages all four from a single seed phrase. An EVM-only wallet such as Rabby would leave Bitcoin, Solana and Tron stranded in a second app; Trust Wallet's recovery testing above confirmed the same seed phrase reproduces matching Bitcoin and Ethereum addresses on restore, so this isn't just an advertised feature.

If you want to buy crypto with a card without leaving the wallet

The purchase itself is still handled by a third-party provider, and Trust Wallet adds a 1% mark-up on top of whatever that provider charges, but the flow stays inside the app rather than redirecting you to an external exchange first.

If you keep meaningful balances in the browser extension day to day

Least suited here. Every documented security incident in this review — most recently the December 2025 supply-chain compromise that cost $8.5 million across 2,520 addresses — happened on the extension, with none reported on mobile in the same period. If an extension is how you plan to use Trust Wallet, treat it as an active-use tool for smaller amounts rather than long-term storage, and consider pairing it with the Ledger integration rather than a software-only setup.

If open-source code is a requirement rather than a preference

Only the Wallet Core library is actually published openly, and the extension and mobile app are closed source. If verifiable, fully open code matters to how you choose a wallet, Trust Wallet does not currently meet that bar.

Alternatives

• Rabby — EVM chains only, with a 0.25% swap fee shown as a separate line item rather than folded into the rate, and no Bitcoin, Solana or Tron support. Choose Rabby over Trust Wallet if your holdings are entirely EVM-based and you want the fee itemized rather than embedded.
• Atomic Wallet — broader asset coverage claimed (1,000+ assets) but no source code repository at all, versus Trust Wallet's partial disclosure through the separate Wallet Core library. Atomic also uses an undisclosed derivation path that can cause address mismatches when restoring in other wallets, an issue Trust Wallet's BIP39-compatible recovery does not share.
• Tonkeeper — a non-custodial wallet built specifically for the TON blockchain rather than as a multi-chain wallet. It natively handles GRAM (formerly TON), Jettons (TON-based tokens) and select bridged assets such as TRC-20 USDT, but has no native Bitcoin, Ethereum or Solana accounts of its own. Choose Tonkeeper over Trust Wallet if TON and its ecosystem — Telegram-linked apps in particular — are the primary use case.

Trust Wallet strengths and limitations

A summary of what this review's research and testing actually support, rather than a scored verdict.

Strengths

• Native support for Bitcoin, Ethereum, Solana, Tron and Monero from a single BIP39-compatible seed phrase — confirmed directly in this review's recovery test, where the Ethereum and Bitcoin addresses generated on restore matched the originals exactly.
• No charge to install the wallet or hold assets in it. The only costs Trust Wallet applies directly are the 1% card-purchase mark-up and the spread embedded in swap rates — both disclosed, if not itemized as separate line items.
• An active, multi-firm audit history — CertiK, Cure53, Halborn, Kudelski and Quantstamp are all named, most recently a Halborn swap audit dated April 2025 — plus ISO 27001 and ISO 27701 certification.
• A price-impact warning appeared before a risky swap could be signed during testing, correctly flagging a trade that would have returned roughly half the expected value, and the swap was not executed as a result.
• A built-in Security Scanner flags risky transactions and dApp connections across swaps, sends and the third-party integrations described in "Beyond the wallet."

Limitations

• Every documented security incident found in researching this review is specific to the browser extension — four since 2022, most recently a $8.5 million supply-chain compromise affecting 2,520 addresses in December 2025 — with none reported on mobile in the same period.
• Only the separate Wallet Core library is open-source, while the extension and mobile app themselves are closed source.
• No live chat option was found inside the app; support is limited to self-service articles and a request form.
• Ledger hardware wallet support exists only in beta, only on the browser extension, and is unavailable on mobile.

Verdict

Trust Wallet is strongest as a broad multi-chain hot wallet for active use. The browser extension’s incident history makes it a weaker choice for unattended long-term storage, while the incomplete swap pricing and third-party onramp model require users to inspect each quote rather than trust a single advertised fee.

Frequently asked questions

Is Trust Wallet free?

Installing it and holding assets costs nothing. You still pay network gas on every transaction, a spread embedded in the rate on in-app swaps, and a 1% mark-up plus the provider's own fee on card purchases.

Does Trust Wallet charge a swap fee?

Trust Wallet's own materials state the swap fee is 0%. The cost is not itemized as a separate line — it is built into the exchange rate shown before you confirm, so the way to check it is to compare that rate against the market rate at the same moment, not to look for a fee field.

Does Trust Wallet support Bitcoin, Solana and Monero?

Yes. Trust Wallet lists native support for Bitcoin, Ethereum, Solana, Tron and Monero, alongside more than 100 blockchains in total, according to its own materials.

Is Trust Wallet open source?

Partially. The Wallet Core library that handles key generation and signing is published separately under an open-source license. The browser extension and mobile app that most users interact with are closed source, so "open source" applies to a component, not to the product you install.

Has Trust Wallet been hacked?

The browser extension has had four documented security or reliability incidents since 2022, the largest being a December 2025 supply-chain compromise that led to $8.5 million in losses across 2,520 addresses. Trust Wallet stated the mobile app was not affected in that incident.

Which hardware wallets work with Trust Wallet?

Ledger, through a public beta integration in the browser extension only. There is no hardware wallet support in the mobile app.

Can I buy crypto with a card in Trust Wallet?

Yes, through third-party providers. Trust Wallet's own mark-up is 1%, in addition to whatever fee the provider itself charges.

Is the extension or the mobile app safer to use?

Every documented security incident we found affects the browser extension. Treat that difference as a reason to keep larger balances on mobile and smaller, active balances on the extension, rather than as a reason to avoid the extension outright.

Sources

All links checked on August 11, 2026.

• Trust Wallet official site 
• Trust Wallet Terms of Service
• Trust Wallet Privacy Notice 
• Trust Wallet security page 
• A Complete Overview of Trust Wallet Security (audit list)  
• Trust Wallet Browser Extension v2.68 Incident 
• BEP2 Migration Incident: Update and Recommended Actions  
• GitHub Advisory Database