Trust Wallet
Trust Wallet
Trust Wallet is a multichain non-custodial self-custody mobile wallet, created in 2017 by Viktor Radchenko and acquired by Binance in 2018 (today it operates as an independent entity). It supports millions of tokens across 100+ blockchains, both EVM and non-EVM, with a built-in dApp browser, swaps and staking directly in the app. Private keys stay on the device, protected by a 12-word recovery phrase. It is available as a mobile app and a browser extension. Its key management is built on Wallet Core, an open-source MIT-licensed library maintained publicly on GitHub.
Data & conditions
| Fund custody | Self-custody (funds in your control) |
|---|---|
| Type | Software (hot wallet) |
| Source code | Partly open-source |
| Recovery | Seed phrase 12 parole (BIP-39) |
| Bitcoin-only | No |
| Supported chains | Bitcoin, Ethereum, BNB Chain, Polygon, Solana, Polkadot, Tezos |
| Built-in swap | Yes |
| Built-in staking | Yes |
| dApp browser | Yes |
| WalletConnect | Yes |
| Built-in fiat on-ramp | Yes |
| Segment | B2C |
| MiCA / License status | Nessuna (wallet self-custody non-custodial) |
Strengths
- Very broad multichain support (100+ blockchains, EVM and non-EVM); built-in dApp browser, swaps and staking; simple mobile experience for beginners.
- Self-custody: funds stay in your wallet — the platform cannot touch them.
- No KYC: usable without identity verification.
Weaknesses
- Client app not fully open-source (Wallet Core library is, not the whole app); historical ties to Binance; seed phrase is the user's responsibility.
- No notable sovereignty drawback documented.
Verdict
Score 4.3/5, very strong profile. In its favour: very broad multichain support (100+ blockchains, EVM and non-EVM); built-in dApp browser, swaps and staking; simple mobile experience for beginners. The trade-off to weigh: client app not fully open-source (Wallet Core library is, not the whole app); historical ties to Binance; seed phrase is the user's responsibility.
On the Sovereignty lens the score is 3.9/5 (very strong): the strength is fund control (5.0/5), while trustless / auditability (2.5/5) is the weak link.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Is Trust Wallet custodial?
No. Trust Wallet is a non-custodial self-custody wallet: your private keys and 12-word recovery phrase stay on your device, the company has no access to your funds.
Which blockchains does Trust Wallet support?
Trust Wallet is multichain and supports 100+ blockchains, both EVM (Ethereum, BNB Chain, Polygon, etc.) and non-EVM (Bitcoin, Solana, Tezos, Polkadot and others), with staking available on dozens of assets.
Is Trust Wallet open source?
Partly. Its key management is built on Wallet Core, an MIT-licensed open-source library on GitHub, but the client app is not fully open-source. That's why we classify it as partially open-source.
Sources
- Official service page Custodia · Blockchain · Dapp · Staking Data verified on Jun 20, 2026
- coinbureau.com Blockchain · Funzioni · Recovery Data verified on Jun 20, 2026
- en.wikipedia.org Azienda · Storia · Open source Data verified on Jun 20, 2026