Non-custodial software wallet review
Trust Wallet
Reviewed for custody, security, supported assets, cost, audit history, backup model, and open-source status.
4.2 B IC wallet score
CustodyNon-custodial
TypeNon-custodial software
Supported assets100
PriceFree
Open sourceYes
Last verified2026-04-15
Security And Backup
12-word Secret Recovery Phrase (BIP39)
Pros
- Supports 100+ blockchains and millions of tokens
- Owned by Binance but operates as separate self-custody product
- Active staking, swaps, and dApp browser inside the mobile app
Cons
- Past CVE-2023-31290 affected randomness in legacy Wasm; remediated
- Hot wallet on mobile — phone compromise = wallet compromise
- Binance ownership raises jurisdictional concerns for some users
Score Breakdown
Security 3.5 Key isolation, audits, recovery
UX 4.4 Setup, daily use, recovery flow
Asset coverage 4.6 Chains and tokens supported
Cost 5.0 Device price + on-chain fees added
Open source 4.0 Source available + audited
Audits
- CertiK 2022 (mobile app)
- Halborn 2023 (browser extension)