Trust Wallet review 2026: fees, safety and features
Trust Wallet is a free, easy self-custody app that covers more than 100 blockchains, which makes it one of the best all-in-one mobile wallets. Its browser extension was hijacked in December 2025, and Trust Wallet opened a claims process to repay victims. Use the mobile app, keep the extension updated and avoid the in-app buy feature if you care about fees.
Status as of October 2026
- Name: Trust Wallet (unchanged).
- Owner: Binance, which bought Trust Wallet in July 2018. Eowyn Chen is CEO.
- Size: Trust Wallet says it passed 200 million downloads (Trust Wallet press release, 25 Mar 2025) and reported more than 220 million users in 2025. These are company figures.
- Recent changes: the Trust Wallet Agent Kit (2025) lets AI agents make transactions, and AI trading agents were added in 2026 (Forbes, 26 Mar 2026).
- Security: the Chrome extension v2.68 was compromised on 24 Dec 2025. The claims process for victims was still being worked through when Trust Wallet last updated its incident page (17 Jul 2026).
Verdict
Trust Wallet's strength is breadth with simplicity. One recovery phrase covers Bitcoin, Ethereum, BNB Chain, Solana, Tron, Cosmos chains and dozens more, and the app makes sending, staking and swapping easy for newcomers. It is especially popular in markets where Binance is big.
The weak spots are fees on the buy flow, a swap fee that is not published as a fixed percentage, an app that is not open source, and a serious supply-chain attack on the extension in December 2025. The mobile app was not affected by that attack.
At a glance
| Item | Details (October 2026) |
|---|---|
| Type | Software (hot) wallet: mobile app and browser extension |
| Custody | Self-custody with a recovery phrase |
| Chains | 100+ blockchains, including Bitcoin, Ethereum and EVM networks, BNB Chain, Solana, Tron, Polygon, Avalanche and Cosmos |
| Platforms | iOS, Android; extension for Chrome, Brave, Edge and Opera. No desktop app |
| Open source | Partly. Wallet Core, the library that creates keys and signs transactions, is MIT-licensed and has been independently audited. The app itself is proprietary |
| Hardware wallets | Ledger, through the extension only. No Trezor support (Coin Bureau, Feb 2026) |
| Price | Free |
Fees
| Fee | Amount | Notes |
|---|---|---|
| In-app swaps | No published fixed rate | A Trust Wallet campaign (16 Sep 2026) waived "the Trust Wallet swap fee" on some staked and wrapped pairs and says the "standard applicable fee" applies otherwise. Provider and liquidity fees vary by route. The quote shows what you get before you sign |
| Buying crypto | Provider fee, about 3.5–5%, plus a 1% Trust Wallet fee | The 1% is waived if you hold 100 or more TWT (Coin Bureau, Feb 2026) |
| Network fees | Varies by chain | FlexGas lets you pay some network fees in TWT |
| Staking | Validator commission | Native staking for 20+ assets |
| Wallet itself | Free |
Fees as of 25 Oct 2026. Buying through an exchange and withdrawing to Trust Wallet is often cheaper than the in-app buy option. See wallet fees compared.
Is Trust Wallet safe?
The mobile app has a clean record on key security. Keys are generated on your device with the open-source Wallet Core library and never leave it. As with any hot wallet, most user losses come from scams outside the app: fake support agents, fake "unfreeze" deposit schemes, romance and investment scams, and malicious dapp approvals.
The browser extension has had two real incidents, both with reimbursement:
| Date | What happened | Response |
|---|---|---|
| 22 Apr 2023 (disclosed) | A WebAssembly randomness flaw made some extension wallets created between 14 and 23 Nov 2022 guessable. About $170,000 was stolen in two exploits | Trust Wallet fixed the flaw, moved most at-risk funds and reimbursed affected users (The Block, Apr 2023) |
| 24–26 Dec 2025 | A malicious extension v2.68, published with leaked credentials outside Trust Wallet's review process, stole wallet secrets. Trust Wallet's incident page counts 2,520 drained addresses and about $8.5M in assets tied to attacker wallets. Earlier reports put the loss at about $7M (BleepingComputer, Dec 2025) | Trust Wallet rolled back to the clean code as v2.69, revoked publishing keys and opened a claims process. It said it received over 5,000 claims, many duplicate or fraudulent. Its page (updated 17 Jul 2026) describes reviews as best-effort and still being finalised |
Trust Wallet links the December 2025 attack to the "Sha1-Hulud" npm worm, which exposed developer secrets in November 2025. Mobile users and other extension versions were not affected. The lesson: extensions update silently, so keep large balances on a hardware wallet. See our incident tracker.
What the December 2025 attack means for you now
Trust Wallet's own timeline is useful if you used the extension around Christmas 2025. The malicious build went live on 24 Dec 2025, draining was first reported on 25 Dec, and users who first logged in to v2.68 after 11:00 UTC on 26 Dec 2025 were not affected. If you were in that window, treat your recovery phrase as exposed: create a new wallet, move any remaining funds, and file a claim only through the support form linked from the official site. Fake "Trust Wallet refund" pages appeared after the attack, and the company planned an in-extension verification code (v2.70) to help separate real claims from fraudulent ones.
Background and ownership
Trust Wallet was founded in 2017 by Ukrainian developer Viktor Radchenko as an Ethereum token wallet. Binance bought it in July 2018, its first acquisition, and Radchenko stepped down in 2022. Binance ownership does not make Trust Wallet custodial: Binance cannot see or move the keys in your app, and a Binance account ban does not affect your Trust Wallet. It does mean the wallet promotes Binance-linked products such as BNB Chain and TWT, and that it is popular in the same markets as Binance.
Recovery works like any standard seed wallet. Your phrase restores the wallet on a new phone or in another compatible wallet, and nobody, including Trust Wallet, can restore it for you if it is lost.
Key features
- Broad coverage: 100+ chains and millions of tokens under one recovery phrase.
- Staking for 20+ assets, including BNB, ATOM, SOL, DOT and TRX, plus Stablecoin Earn products.
- Swaps and bridges inside the app, with gas paid in TWT where FlexGas is supported.
- Dapp browser on mobile, and WalletConnect for desktop sites.
- AI agent tools (Trust Wallet Agent Kit) for developers and automated trading.
- TWT token: used for fee discounts and FlexGas. It is optional.
Setting up Trust Wallet safely
- Type
trustwallet.comyourself or use a bookmark. Look-alike sites and fake apps are common. - Install from the official App Store or Google Play listing, or for the extension, from the link on that site. Check the publisher and the review count.
- Write down the recovery phrase offline. Trust Wallet support will never ask for it. Anyone who does is a scammer.
- Turn on the app lock (passcode or biometrics).
- If you use the extension, make sure it is version 2.69 or later. If you ever used v2.68, move funds to a new wallet with a new phrase.
- Review token approvals regularly and be wary of tokens that appear unexpectedly (see address poisoning).
Pros and cons
Pros
- Very wide chain and token coverage, including Bitcoin.
- Simple enough for beginners.
- Built-in staking for many assets.
- Core signing library is open source and audited.
- Reimbursed victims in 2023 and opened a claims process in 2025.
Cons
- App code is proprietary.
- December 2025 extension compromise.
- Swap fee is not published as a fixed percentage.
- Expensive in-app purchases (provider fee plus 1%).
- Hardware support limited to Ledger on the extension.
- Binance ownership may matter to some users.
Who it suits, and who should look elsewhere
Good fit: beginners who want one phone app for many coins, people in the Binance and BNB Chain ecosystem, and holders of assets on less common chains.
Look elsewhere if: you want fully open-source software, you need Trezor support, you mainly use desktop DeFi (MetaMask or Rabby fit better), or you are storing long-term savings (use a hardware wallet).
Alternatives
- MetaMask: the reference wallet for EVM dapps. See MetaMask vs Trust Wallet.
- Exodus: polished multi-chain desktop and mobile wallet. See Trust Wallet vs Exodus.
- Coinbase Wallet: self-custody from a US-listed company.
- Binance Wallet: the keyless wallet inside the Binance app.
Compare more options in best mobile crypto wallets and best wallets for beginners.
Frequently asked questions
Is Trust Wallet safe in 2026?
The mobile app has a good record and keys stay on your device. The browser extension was compromised on 24 Dec 2025 (version 2.68). Trust Wallet fixed it in version 2.69 and opened a claims process for victims.
Did Trust Wallet reimburse the December 2025 hack victims?
Trust Wallet said it would voluntarily reimburse affected users and opened a claims process. Its incident page, last updated 17 Jul 2026, described claims as reviewed case by case, with the process still being finalised.
Who owns Trust Wallet?
Binance has owned Trust Wallet since July 2018. Trust Wallet is still self-custody: Binance cannot access the keys in your app.
What fees does Trust Wallet charge?
The wallet is free. Swaps include provider fees and, on many pairs, a Trust Wallet fee shown in the quote. Buying crypto in the app adds a provider fee of roughly 3.5 to 5% plus 1%, waived for holders of 100 TWT.
Does Trust Wallet work with Ledger?
Yes, but only through the browser extension. Trezor is not supported.