Trust Wallet Explained: Features, Security and TWT

Last revision: December 5, 2025

Trust Wallet is a non-custodial cryptocurrency wallet for storing, sending, receiving, and trading digital assets. Users keep full control of their private keys at all times. With over 210 million downloads and support for more than 100 blockchains, it has become the most widely used self-custody wallet in crypto. According to Trust Wallet, roughly one in three cryptocurrency holders now use the wallet for daily transactions.

The wallet started as a simple Ethereum-focused mobile app before growing into a prominent Web3 platform. Binance acquired it in 2018. Following Binance's restructuring in late 2023, Trust Wallet now operates as a separate legal entity, reportedly owned by Changpeng "CZ" Zhao, maintaining close ties to the Binance ecosystem.

What Is Trust Wallet and How Did It Start?

Ukrainian-American developer Viktor Radchenko created Trust Wallet in 2017. His goal was straightforward: build an intuitive mobile app that let users control their own keys without relying on third parties. The initial focus was Ethereum and ERC-20 tokens.

The project gained traction quickly. Binance took notice, and in July 2018, the exchange made Trust Wallet its first-ever acquisition. The deal brought resources, development support, and integration with Binance Smart Chain (now BNB Chain). For millions of Binance users exploring decentralized applications, Trust Wallet became the default choice.

That relationship shifted following Binance's restructuring in late 2023. Trust Wallet became a separate legal entity from the Binance Group, now owned by Binance co-founder Changpeng "CZ" Zhao. The restructuring gave Trust Wallet its own corporate identity while preserving technical integrations like Binance Connect and Binance Pay.

This structure matters for users tracking counterparty relationships. Trust Wallet operates with its own revenue, development roadmap, and governance, but remains closely connected to the broader Binance ecosystem. Industry estimates put Trust Wallet's annual revenue at approximately $84 million, with a global workforce of around 500 people.

Eowyn Chen has served as CEO since 2022. Before taking the helm, she was VP at Binance, where she led the central marketing team and helped scale the user base from tens of millions to hundreds of millions. A Harvard graduate and former Oliver Wyman consultant, Chen has focused Trust Wallet's strategy on simplifying Web3 access while maintaining security as a core principle.

How Many People Use Trust Wallet?

Trust Wallet's user base has expanded rapidly. The platform crossed 200 million downloads in March 2025, up from 140 million just six months earlier. That growth rate outpaced the broader crypto wallet market during the same period.

The numbers tell the story:

• Over 210 million total downloads globally
• Estimated 17-60 million monthly active users, depending on the source (higher estimates from app analytics, lower from industry research)
• 35% market share across crypto wallet downloads
• 4x year-over-year revenue growth from 2023 to 2024

Growth has been strongest in emerging markets across Asia-Pacific and Latin America, where mobile-first crypto adoption runs ahead of traditional banking infrastructure. Availability on iOS, Android, and desktop through a browser extension gives Trust Wallet a cross-platform reach that many competitors lack.

Trust Wallet reports it secures over $30 billion in user assets. That figure speaks to both user confidence and the practical utility Trust Wallet provides for managing crypto holdings.

What Blockchains and Assets Does Trust Wallet Support?

Trust Wallet has grown far beyond its Ethereum roots. The wallet now supports a wide range of networks and assets, making it practical for users working across multiple blockchain ecosystems.

Current support includes:

• More than 100 blockchain networks, including Bitcoin, Ethereum, BNB Chain, Solana, Polygon, Avalanche, Arbitrum, and Optimism.
• Over 10 million digital assets, including tokens, NFTs, and other on-chain items.
• Major token standards including ERC-20, BEP-20, SPL, and others.

This multi-chain approach means users can manage everything from one app rather than juggling separate wallets for different networks. The wallet also automatically detects tokens and NFTs, sparing users the tedious task of adding custom token contracts.

Is Trust Wallet Safe to Use?

Security sits at the center of what Trust Wallet offers. As a non-custodial wallet, it never holds user funds or private keys on centralized servers. Users maintain complete control through their 12-word seed phrase, which both generates and recovers wallet access.

The wallet stacks multiple security layers on top of this foundation:

Security Scanner Technology

A built-in Security Scanner analyzes transactions and contract interactions in real-time. Trust Wallet says the tool has prevented over $450 million from being sent to scammers. It helps users spot phishing attempts and malicious smart contracts before any damage occurs.

Industry Certifications

Trust Wallet became the first cryptocurrency wallet to earn ISO/IEC 27001:2022 and ISO/IEC 27701:2019 certifications. These international standards for information security and privacy management confirm that third parties have verified the wallet's security practices.

Device-Level Protection

Private keys stay encrypted on the user's device using AES algorithms. The wallet supports Face ID, fingerprint recognition, and PIN protection. Keys never leave the device and never transmit to Trust Wallet servers.

Open Source Components

Trust Wallet maintains open-source components, including Wallet Core, with regular third-party security audits. This openness lets anyone verify security claims and helps the developer community catch potential vulnerabilities early.

Privacy and Backup Features

Trust Wallet takes a zero-tracking approach to user data. The wallet does not collect IP addresses, wallet balances, or other personal information. This privacy-first design means Trust Wallet cannot see what users hold or where they connect from.

For users worried about losing access, an Encrypted Cloud Backup option stores seed phrases in iCloud or Google Drive using user-controlled encryption. This adds a recovery layer without exposing keys to Trust Wallet servers.

The wallet also sends proactive alerts for risky addresses and suspicious dApp connections, warning users before they complete potentially dangerous transactions.

What Features Does Trust Wallet Offer?

Trust Wallet goes well beyond basic storage. It covers most common crypto tasks in a single application.

Built-in DEX and Swaps

An integrated decentralized exchange aggregator handles cross-chain token swaps directly in the wallet. The system routes trades through multiple liquidity sources to find the best rates. Some trading pairs have zero fees, while others carry minimal costs competitive with standalone DEX platforms.

Staking and Earning

Users can stake ETH, SOL, BNB, and other proof-of-stake tokens straight from the wallet interface. Both native staking and liquid staking protocols are supported, allowing users to earn rewards while maintaining liquidity via derivative tokens.

A Stablecoin Earn feature launched in 2025 lets users generate yield on USDT, USDC, DAI, and other stablecoins through integrated DeFi protocols.

dApp Browser

The Web3 browser connects to thousands of decentralized applications across supported networks. DeFi protocols, NFT marketplaces, blockchain games, social platforms - the browser handles wallet connections and transaction signing without extra steps.

NFT Management

Trust Wallet handles NFTs across multiple blockchain standards, including ERC-721, ERC-1155, BEP-721, and BEP-1155. The collectibles interface displays artwork and metadata, bringing digital art and collectibles together with fungible tokens in a single view.

Fiat On-Ramps

Integrations with MoonPay, Mercuryo, and other payment providers allow direct crypto purchases using credit cards, bank transfers, Apple Pay, and Google Pay in supported regions. New users can skip the complexity of exchange onboarding entirely.

Tokenized Stocks and ETFs

Trust Wallet integrated tokenized real-world assets in 2025, allowing users to swap into tokenized versions of US stocks and ETFs through partnerships with Ondo Finance and 1inch. Minimum investment starts at $1 with no local brokerage required.

What Is the TWT Token?

Trust Wallet Token $TWT powers the Trust Wallet ecosystem. This BEP-20 token on BNB Chain unlocks features and benefits throughout the wallet.

TWT Tokenomics

Maximum supply sits at 999.86 million TWT, with roughly 430 million currently circulating. Market cap has ranged between $340 million and $550 million through 2025, moving with broader market conditions.

Token Utility

TWT serves multiple purposes:

• FlexGas payments: Users can cover transaction fees with TWT on supported networks through the FlexGas feature, which implements EIP-7702 standards
• Trust Premium benefits: TWT holdings unlock enhanced features and rewards through the loyalty program
• Governance participation: Token holders get a voice in ecosystem decisions
• Fee discounts: Holding TWT lowers fees on certain wallet operations

Trust Premium Program

Trust Premium rewards active users with experience points (XPs) for daily check-ins, swaps, and deposits. Users climb through Bronze, Silver, Gold, and higher tiers to unlock priority support, boosted staking yields, and access to exclusive token launches through Trust Alpha.

Trust Alpha functions as "Launchpool 2.0," giving TWT holders early access to new projects. Successful projects can graduate to broader Binance ecosystem opportunities.

How Does Trust Wallet Connect to Binance?

Despite the change in corporate structure, Trust Wallet keeps significant technical integration with the Binance infrastructure. These connections let users move smoothly between centralized and decentralized environments.

Binance Connect

Launched in November 2024, Binance Connect works as an integrated fiat and peer-to-peer gateway inside Trust Wallet. Users who already completed Binance KYC can access over 200 cryptocurrencies at competitive rates without verifying again. The feature taps directly into Binance's liquidity and P2P trading network.

Binance Pay Integration

Binance Pay allows seamless transfers between Binance accounts and Trust Wallet addresses. No manual address entry, no network selection headaches. This reduces the risk of errors that could result in lost funds. Transfers can be fee-free on supported networks.

BNB Chain Optimization

Trust Wallet delivers optimized performance for BNB Chain transactions, a natural result of its development history alongside the network. Users get faster processing and lower fees when using BNB Chain dApps compared to generic wallet options.

What Are Trust Wallet's Limitations?

No wallet does everything perfectly. Trust Wallet has trade-offs worth knowing about.

The mobile-first design means the browser extension, while functional, doesn't match every feature in the mobile app. Desktop users wanting advanced capabilities may find some options limited or slow to arrive on the extension.

Self-custody brings inherent constraints. Trust Wallet cannot offer the same level of support as custodial platforms. Lose your seed phrase, and your funds are gone permanently. Trust Premium offers priority support to paying members, but nothing can override the basic reality of self-custody.

Blockchain's open nature means malicious tokens can land in wallets uninvited. The Security Scanner catches many threats, but users still need to stay alert about unknown tokens and suspicious contract approvals.

How Do You Get Started with Trust Wallet?

Setting up Trust Wallet takes just a few minutes. No email registration or identity verification required.

Here's how to get started:

• Download the app from the iOS App Store, Google Play Store, or grab the browser extension from trustwallet.com
• Create a new wallet or import an existing one using a seed phrase
• Write down the 12-word seed phrase and store it securely offline
• Turn on biometric authentication or set a PIN
• Add funds by buying crypto in-app or transferring from an exchange
• Start exploring swaps, staking, or the dApp browser

The wallet includes educational resources for users new to self-custody. Before moving significant funds in, take time to understand how seed phrase security works. That knowledge is worth more than any feature.

Conclusion

Trust Wallet has earned its position as the leading self-custody wallet through steady focus on security, usability, and multi-chain support. The shift from a Binance subsidiary to a CZ-owned independent entity reflects how crypto infrastructure continues to evolve, giving users maintained integrations alongside a distinct corporate structure.

The wallet covers multi-chain asset management, built-in DEX aggregation, staking and earning features, NFT support, tokenized real-world assets, and the TWT token ecosystem. Industry-first ISO certifications and the Security Scanner add practical security beyond what non-custodial design alone provides.

For users who want self-custody without sacrificing convenience, Trust Wallet delivers a proven solution built on years of operational history and ongoing development.

Visit the official Trust Wallet website at trustwallet.com and follow @TrustWallet on X for updates.

Sources:

• Trust Wallet. (2025). "Official Blog and Announcements."
• Trust Wallet. (2025). "Next Era: A New Roadmap and Renewed Vision for TWT."
• CoinLaw. (2025). "Trust Wallet Statistics."
• Cointelegraph. (2025). "CZ-owned Trust Wallet launches tokenized stocks and ETFs."
• CoinMarketCap. (2025). "Trust Wallet Token (TWT) Data."