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Trust Wallet
Binance-adjacent mobile self-custody, huge in emerging markets.
Rate this app
7.6Solid
AlternativesOur take
Desk verdict
The emerging-market wallet. Teach seed hygiene before you recommend it.
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.
Trust Wallet has no banking licence named on this page — treat the app icon as marketing until the entity is clear. On safeguarding we currently write: Self-custody. No scheme.. No AML programme is claimed in the file we have. There is no IBAN-class local rail on the flags we store. We list 7 live markets on the product. As we score the sticker: monthly Free · dapp / swap fees; FX Swap aggregator; ATM N/A. This desk would open it for: Mobile-first self-custody, especially outside the US/EU banking core.
What it does well: Reach; Multi-chain; Free. What to watch: Phishing surface (dApp browser); Binance association is a feature and a scare quote. Desk score 7.6 / 10 (safety 6.8, fees 7.4, features 8.4, app 8.2). Last verified 2026-08-01. Headquartered in Global, United States; founded 2017. None of this is advice — it is a file so you can read the entity before the card colour.
Best for: Mobile-first self-custody, especially outside the US/EU banking core.
Pros
- +Reach
- +Multi-chain
- +Free
Cons
- −Phishing surface (dApp browser)
- −Binance association is a feature and a scare quote
How it actually works
- Custody
- Safeguarded or partner-bank
- Local rails
- UPI / INR · ACH / USD
- Built for
- Personal
- Settlement
- App-ledger instant; bank rails per corridor
- Review risk
- Fintech reviews can pause inbound while they check a transfer
- Pay surface
- No card rail listed
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.
FAQ
Is Trust Wallet a bank?+–
Trust Wallet is not a licensed deposit-taker in the classic sense. Treat the balance as a fintech ledger until you confirm the holder.
How is money protected?+–
Self-custody. No scheme.
Where is Trust Wallet available?+–
We list 7 market desks on the desk. Residency and onboarding rules still sit with Trust Wallet.
Card and wallets?+–
No card rail listed
Ratings and reviews
No published user reviews yet. The desk score still comes from licence, fees, and the product — not from a empty star average.
Alternatives
Full alternatives page
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