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activeCrypto wallet
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Trust Wallet
Binance-adjacent mobile self-custody, huge in emerging markets.
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7.6Solid
AlternativesFive questions
At a glance
Is it a bank?
No. Trust Wallet is not a licensed bank. Confirm who the money sits with before you send salary there.
If it fails?
Self-custody. No scheme.
Salary?
Not listed. An IBAN or sort code is not automatically a salary account.
Open from abroad?
Residency and KYC are gated. An App Store listing is not proof you can onboard.
Monthly fee
Free · dapp / swap fees
Account number
No IBAN-class local rail on this file.
NeoBankDB Verdict
Licence first · score second
7.6
/10 · Solid
The emerging-market wallet. Teach seed hygiene before you recommend it.
What it is
Trust Wallet is a self-custody mobile wallet acquired by Binance. It is how a large share of the world holds BNB-chain and EVM assets. Self-custody means no deposit insurance and a phishing surface.
Best for: Mobile-first self-custody, especially outside the US/EU banking core.
Last checked 2026-08-01. Not advice.
What it does well
- +Reach
- +Multi-chain
- +Free
What to watch
- −Phishing surface (dApp browser)
- −Binance association is a feature and a scare quote
Who holds the money
The account
How money actually moves
- Who holds the cash
- Safeguarded or partner-bank
- How money moves
- UPI / INR · ACH / USD
- Built for
- Personal
- Settlement
- App-ledger instant; bank rails per corridor
- Freeze risk
- Fintech reviews can pause inbound while they check a transfer
- Card
- Trust Wallet has no card listed on this file.
Licence first
Safety
Self-custody. No scheme.
- No banking licence listed. Read the entity, not the app icon.
Fees
- Monthly
- Free · dapp / swap fees
- FX markup
- Swap aggregator
- ATM
- N/A
Features
- –IBAN
- ✓Fee-free core
- ✓Multi-currency
- –Apple Pay
- –Google Pay
- –Virtual card
- –Physical card
- –Metal card
- –Crypto
- –Stocks
- –Business
- –Kids
- –Halal
- Mobile self-custody
- dApp browser
- Staking
- Multi-chain
Score
- Safety25%
- 6.8
- Fees20%
- 7.4
- Features15%
- 8.4
- App15%
- 8.2
- Global15%
- 9.0
- Support10%
- 5.6
Change log
Full logNo dated notes yet. When the licence, fees, or status moves, it lands here.
Straight answers
FAQ
01Is Trust Wallet a bank?
No. Trust Wallet is a self-custody mobile wallet. There is no deposit insurance on a seed phrase.
02What happens if I lose the Trust Wallet seed?
Self-custody. No scheme. Teach seed hygiene before you recommend it — this register cannot recover the wallet.
03Who is behind Trust Wallet?
Trust Wallet was acquired by Binance. That does not make balances on the wallet a Binance custodial account.
Ratings and reviews
No published user reviews yet. The NeoBankDB score still comes from licence, fees, and the product — not from an empty star average.
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