What is Trust Wallet?

Trust Wallet is a self-custody crypto wallet that lets you store, send, receive and swap tokens across many blockchains from one app. It has been owned by Binance since 2018, but it is not the same as a Binance exchange account. With Trust Wallet you hold your own keys, so nobody else can freeze or recover the funds for you.

How does the Trust Wallet app work?

Trust Wallet describes itself as mobile-first, with apps for iOS and Android. When you create a wallet, the app generates a 12-word recovery phrase and stores encrypted private keys on your phone. As of October 2026 the company says it works across more than 100 blockchains and supports over 10 million digital assets.

Inside the app you can buy crypto with cards, Apple Pay or Google Pay through outside providers such as MoonPay, swap tokens through decentralized exchange aggregators, stake more than 20 cryptocurrencies, and connect to apps. Because it is a non-custodial wallet, it works very differently from an exchange account. Our guide to custodial vs non-custodial wallets explains the trade-off.

What is the Trust Wallet extension, and what happened in the 2025 hack?

Trust Wallet also offers a Chrome browser extension for desktop use. On December 24, 2025, an unauthorized version 2.68 of that extension was published to the Chrome Web Store outside the company's normal release process. It contained code designed to grab wallet data, and wallets were drained over the following days.

Trust Wallet linked the incident to a November 2025 software supply chain attack that exposed a Chrome Web Store API key. It rolled back to a clean build, released version 2.69, and said mobile app users and other extension versions were not affected. The company identified 2,520 drained addresses and roughly $8.5 million tied to attacker addresses, and it said it would reimburse affected users after checking each claim.

Is Trust Wallet safe?

Trust Wallet encrypts private keys, supports biometric login and includes a Security Scanner that warns about suspicious addresses and smart contracts. The extension incident shows that self-custody wallets still carry software risk, especially on desktop browsers, which is part of why some people move larger balances to cold storage.

The bigger day-to-day risk is the recovery phrase. Anyone who has those 12 words controls the wallet, and transfers on a blockchain cannot be reversed.

What are common Trust Wallet scams?

Trust Wallet says it will never ask for private keys, seed phrases or passwords. After the extension hack, it told users to file claims only through its official support form and to watch for impersonators. Fake support accounts, fake apps and websites asking you to "validate" a wallet all aim at the same thing, your recovery phrase. Our guide to common crypto scams covers the wider patterns.