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Trust Wallet review

4.2

FlixoCrypt rating

4.2/5
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Key facts

Trust Wallet key facts
Type wallet-hot (Hot Wallets)
Trading fees Maker n/a · Taker In-app swap/buy fees + gas
Withdrawal Network gas only
Free to use Yes
KYC required No
Regulated No / limited
Supported assets 10,000,000+
Country availability Global
Restricted regions None listed
Available in India Yes
Affiliate commission CPA · None (self-custody)
FlixoCrypt rating 4.2 / 5
Best for Mobile users wanting one multi-chain self-custody wallet
Last verified 2026-06-29

Overview

Trust Wallet is a popular multi-chain self-custody mobile wallet supporting a very wide range of blockchains including EVM chains, Bitcoin and Solana. It is beginner-friendly, free, and includes in-app buying, swapping and dApp browsing. It is owned by Binance, which some users weigh as a centralisation factor. Security relies on the user protecting their recovery phrase.

Availability

Trust Wallet is available in: Global. Always confirm availability for your country on the official site, as regional support changes. India: Indian residents face 30% tax on crypto gains and 1% TDS on transactions above ₹50,000 per the Finance Act 2022.

Pros

  • Multi-chain support (EVM, Bitcoin, Solana, more)
  • Beginner-friendly mobile app
  • Self-custody and free

Cons

  • Owned by Binance (centralisation concern for some)
  • In-app buy/swap fees
  • Mobile-first experience

Who it is for

Verdict

A versatile multi-chain mobile wallet for beginners; use cold storage for large balances.

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Trust Wallet FAQ

What is Trust Wallet? +

Trust Wallet is a popular multi-chain self-custody mobile wallet supporting a very wide range of blockchains including EVM chains, Bitcoin and Solana. It is beginner-friendly, free, and includes in-app buying, swapping and dApp browsing. It is owned by Binance, which some users weigh as a centralisation factor. Security relies on the user protecting their recovery phrase.

Is Trust Wallet safe? +

Trust Wallet is lightly regulated or non-custodial. No protocol breach; a 2022–23 browser-extension vulnerability was patched. User risk is phishing/seed theft. As with any platform, use strong security and only hold what you need on it.

Does Trust Wallet require KYC? +

No — KYC is not required (non-custodial or minimal verification), which shifts custody and compliance responsibility to you.

What are Trust Wallet's fees? +

Trust Wallet fees: maker n/a, taker In-app swap/buy fees + gas; withdrawals: Network gas only. Always confirm current fees on the official site, as crypto fees change often.

Is Trust Wallet available in India? +

Yes. Indian residents face 30% tax on crypto gains and 1% TDS on transactions above ₹50,000 per the Finance Act 2022.

What is Trust Wallet best for? +

Mobile users wanting one multi-chain self-custody wallet.

When should you avoid Trust Wallet? +

Avoid Trust Wallet if: You want a hardware-grade security solution for large holdings.

What are the main pros and cons of Trust Wallet? +

Pros: Multi-chain support (EVM, Bitcoin, Solana, more); Beginner-friendly mobile app; Self-custody and free. Cons: Owned by Binance (centralisation concern for some); In-app buy/swap fees; Mobile-first experience.

Is Trust Wallet regulated? +

No / limited. Self-custody software

When was this Trust Wallet review last verified? +

This review was last verified on 2026-06-29 against the official site.

Reviewed by Arjun Mehta

Crypto analyst; 8+ years covering exchanges, wallets and DeFi

Last verified:

Sources