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Trust Wallet

software wallet
Operational
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Binance-owned non-custodial wallet for 100+ blockchains. The browser extension was compromised in December 2025; the mobile app was not affected.

Platform Information

Founded

2017

Headquarters

George Town, United States

Open Source

Yes

Two-Factor Authentication

No

Custodial

No

Platforms Supported

iOSAndroidChrome

Supported Chains

BitcoinEthereumBNB ChainSolanaPolygonAvalanche
non-custodialmobilemulti-chainopen-sourcebinance-owned

About Trust Wallet

Trust Wallet is a non-custodial multi-chain software wallet founded in 2017 by Viktor Radchenko. Binance acquired the project in 2018, though user private keys are not held by Binance or Trust Wallet — they reside on the user's device only. Available as a mobile app on iOS and Android and as a browser extension, it supports over 10 million crypto assets across more than 100 blockchains.

Security

  • Non-custodial: private keys are stored on the user's device and never transmitted to Trust Wallet servers.
  • Core libraries are open-source and hosted on GitHub.
  • Third-party security audits have been conducted by Quantstamp and Halborn.
  • A bug bounty programme operates through Binance.
  • Mobile app supports biometric authentication and PIN protection; keys are stored using AES encryption.
  • The mobile app and browser extension are separate codebases with different risk profiles — both known security incidents have involved the browser extension only.

Regulation

  • As a non-custodial wallet, Trust Wallet does not hold user assets and is not subject to custodial licensing requirements applicable to exchanges.
  • No registrations with the FCA (UK), FinCEN (US), or MAS (Singapore) have been publicly reported.
  • Trust Wallet is a subsidiary of Binance; enforcement actions against Binance do not affect Trust Wallet's custody model.

Incident History

  • June 2023: A WebAssembly vulnerability in the browser extension allowed generation of cryptographically weak wallet addresses. Approximately $170,000 in losses was reported; affected users were identified and reimbursed. The vulnerability was patched.
  • December 2025: A supply chain attack on the browser extension resulted in approximately $7 million in losses across 2,596 wallets. Attackers exploited exposed GitHub secrets to obtain a Chrome Web Store API key and published malicious extension version v2.68, which exfiltrated seed phrases via a hijacked analytics channel. Trust Wallet released a patched version (v2.69), reimbursed affected users, and tightened release pipeline controls. The mobile app was not affected.

Availability

Trust Wallet is available globally with no reported geographic restrictions, spanning iOS, Android, and Chrome browser.

Security & Score

62

Platform Safety Score

62/100— Fair

Based on incident history, security features, and track record

Security Features

open-source codethird-party security audits (Quantstamp, Halborn)bug bounty via Binancebiometric authenticationAES-encrypted local key storagephishing warnings

Incident History

No incidents recorded for this platform.

Frequently Asked Questions

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