Frequently asked questions

Question 1

What is Trustwallet?

Accepted Answer

Trustwallet is a categorized as a self-custody software wallet / hot wallet designed for Web3 access. Trustwallet supports over 100 blockchains, allows storage, sending, and receiving of cryptocurrencies, and integrates with decentralized applications (dApps) for NFT management, staking, and crypto swaps. Trustwallet is compatible with iOS, Android, and browser extensions.

Question 2

Is Trustwallet safe & legit?

Accepted Answer

Trustwallet is open-source and non-custodial. Trustwallet generates and encrypts private keys on the user's device, never storing keys externally. Security features include encryption and a 12-word recovery phrase. Trustwallet has no known hacks or major security incidents.

Question 3

Who created Trustwallet?

Accepted Answer

Trustwallet was founded by Viktor Radchenko, a Ukrainian software developer. Trustwallet was acquired by Binance in 2018.

Question 4

Where is Trustwallet's company based?

Accepted Answer

The company behind Trustwallet, Trust Wallet, is headquartered in San Francisco, United States.

Question 5

How does Trustwallet work?

Accepted Answer

Trustwallet operates as a mobile and browser-based wallet. Users set up Trustwallet by installing the app and securing a 12-word recovery phrase. Trustwallet connects to mobile and desktop platforms, enabling interaction with multiple blockchains and dApps. Trustwallet keeps private keys offline and uses open-source software for transparency.

Question 6

When was Trustwallet launched?

Accepted Answer

Trustwallet was launched November 15, 2017.

Trustwallet

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Trading

Web3

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