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Trust Wallet

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From Wikipedia, the free encyclopedia
Trust Wallet
DeveloperDApps Platform Software Services Ltd
Release2017
Operating systemiOS, Android, Google Chrome, Brave, Microsoft Edge
PlatformMobile app, browser extension
TypeCryptocurrency wallet
LicenseProprietary (app); MIT (Wallet Core)
Websitetrustwallet.com

Trust Wallet is a multi‑chain, non‑custodial cryptocurrency wallet that allows users to store, send, receive, and manage digital assets across more than 100 blockchain networks. Available as a mobile app for iOS and Android and as a browser extension, the wallet supports decentralized finance (DeFi), NFTs, crypto staking, token swapping, and access to decentralized applications (dApps). The company reported more than 220 million users worldwide in 2026.[1][2] The wallet is non-custodial, meaning users retain full control of their private keys and seed phrases at all times.[3][4]

Acquired by Binance in 2018, Trust Wallet later became a separate company owned by Binance founder Changpeng Zhao.[5][2]

History

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Trust Wallet was founded in 2017 by Ukrainian developer Viktor Radchenko, a software developer with a background in cybersecurity and mobile applications.[6][7][8] The wallet was initially developed for storing ERC-20 and ERC-223 tokens on the Ethereum blockchain.[7] As the cryptocurrency ecosystem grew, Trust Wallet added support for additional blockchains and digital assets, including Solana, NFTs, and allowed users to interact with decentralized applications.[9]

In July 2018, Binance acquired Trust Wallet in its first-ever acquisition.[10][11][8][6]

In 2022, Radchenko stepped down from his role to pursue other ventures.[6] Following his departure, Eowyn Chen was appointed CEO of Trust Wallet.[12]

Features

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Trust Wallet supports more than 100 blockchain networks within a single application, including Ethereum, BNB Chain, Bitcoin, Solana, Polygon, Avalanche, Tron, and Cosmos.[13] The wallet provides in-app token swapping through third-party decentralized exchange (DEX) aggregators, and lets users buy cryptocurrency with fiat currency through third-party on-ramp partners such as MoonPay.[14][15] Users can also stake proof-of-stake assets directly within the app to earn rewards, and store and transfer NFTs across supported blockchains. In 2025, Trust Wallet introduced the Trust Wallet Agent Kit (TWAK), a toolkit enabling artificial intelligence agents to execute cryptocurrency transactions across multiple blockchains.[1][2]

Technology

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Wallet Core

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Trust Wallet's cryptographic key management is built on Wallet Core, an open-source library released under the MIT License and maintained publicly on GitHub.[16] Wallet Core handles private key generation, transaction signing, and address derivation across supported blockchains.

Security model

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Trust Wallet uses a non-custodial architecture in which private keys and seed phrases are generated and stored locally on the user's device and are never transmitted to Trust Wallet's servers.[17][18] The application supports biometric authentication and PIN-based access control. The Wallet Core library has undergone independent third-party security audits.[19]

Independent researchers have identified vulnerabilities in the wallet's key-generation process. A 2018 version of the iOS app used a pseudo-random number generator seeded from device timestamps to generate mnemonic phrases, a flaw catalogued as CVE-2024-23660 and exploited on-chain in July 2023.[20] Academic security research has documented widespread vulnerabilities across browser-based cryptocurrency wallet extensions as a class.[21][22] In December 2025, a compromised update to Trust Wallet's Chrome browser extension contained code that transmitted users' seed phrases to an external server. Confirmed losses from the incident totaled $7 million. Trust Wallet released a patched version, and Binance founder Changpeng Zhao stated that affected users would be compensated.[23]

References

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  1. 1 2 Bambysheva, Nina (March 26, 2026). "CZ-Owned Trust Wallet Now Offers Crypto Trading AI Agents To Its 220 Million Global Users". Forbes. Retrieved April 14, 2026.
  2. 1 2 3 Watson, RT (March 26, 2026). "CZ-owned Trust Wallet launches AI agents that can execute crypto trades". The Block. Retrieved July 27, 2026.
  3. ↑ Gallaga, Omar L. "Playing With Crypto? You'll Need a Wallet (or Several)". Wired. ISSN 1059-1028. Retrieved September 9, 2025.
  4. ↑ Seymour, Tony; Goodell, Geoff (2024). "Custodial and Non-Custodial Wallets". arXiv:2409.15389 [cs.CR].
  5. ↑ Reynolds, Sam (February 15, 2024). "U.S. Cyber Authorities Investigate 'Binance Trust Wallet' iOS App for Vulnerabilities". CoinDesk. Retrieved July 27, 2026.
  6. 1 2 3 "Earn a side income with Plus Wallet's Invite-to-Prosper program! Update on Trust Wallet CEO's plan & PayPal's crypto advancements". The Times of India. 2024-10-03. ISSN 0971-8257. Retrieved September 9, 2025.
  7. 1 2 "Binance Acquires Anonymous Mobile Wallet for Ethereum Tokens". www.coindesk.com. Retrieved 2026-07-27.
  8. 1 2 Russell, Jon (2018-07-31). "Crypto exchange Binance buys Trust Wallet in first acquisition deal". TechCrunch. Retrieved September 9, 2025.
  9. ↑ Leech, Jordan. "What is Trust wallet?". The Block. Retrieved 2026-03-09.
  10. ↑ Roberts, Jeff John. "Binance Acquires Trust Wallet in Push to Expand Crypto Services". Fortune Crypto. Retrieved 2025-09-15.
  11. ↑ Katz, Lily (July 31, 2018). "Binance to Buy Crypto-Wallet Company in First-Ever Acquisition". Bloomberg. Retrieved September 9, 2025.
  12. ↑ "Apple iMessage sofort abschalten, warnt Trust Wallet". COMPUTER BILD (in German). 2024-10-23. Retrieved September 9, 2025.
  13. ↑ Aziz, Ayesha. "Trust Wallet Launches AI Toolkit To Execute Crypto Trades Automatically". CoinMarketCap Academy. Retrieved 2026-04-14.
  14. ↑ Steves, Rick (August 20, 2025). "MoonPay and Trust Wallet sign multi-year partnership to expand on- and off-ramp services". FinanceFeeds. Retrieved July 27, 2026.
  15. ↑ "Paybis Wallet". App Store. 2024-11-03. Retrieved 2026-08-03.
  16. ↑ "Trust Wallet Core". GitHub. Retrieved 2026-04-07.
  17. ↑ Houy, Sabine (2023). "Security Aspects of Cryptocurrency Wallets—A Systematic Literature Review". ACM Computing Surveys. 56: 1–31. doi:10.1145/3596906.
  18. ↑ Sharma, Tanusree (2024). ""I Can't Believe It's Not Custodial!": Usable Trustless Decentralized Key Management". Proceedings of the 2024 CHI Conference on Human Factors in Computing Systems. ACM. doi:10.1145/3613904.3642464.
  19. ↑ "Trust Wallet Hack Explained: Browser Extension Compromise and Security Risks". Reflectiz. 2024-02-20. Retrieved 2026-05-07.
  20. ↑ "The Binance Trust Wallet app for iOS uses a weak PRNG for mnemonic generation". GitHub. 2024-02-08. Retrieved 2026-07-28.
  21. ↑ Erinle, Yimika (2024). "WALLETRADAR: Towards Automating the Detection of Vulnerabilities in Browser-based Cryptocurrency Wallets". arXiv:2405.04332 [cs.CR].
  22. ↑ Hu, Xiaohui (2025). "WalletProbe: A Testing Framework for Browser-based Cryptocurrency Wallet Extensions". arXiv:2504.11735 [cs.CR].
  23. ↑ Sharma, Ax (2025-12-26). "Trust Wallet confirms extension hack led to $7 million crypto theft". BleepingComputer. Retrieved 2026-07-28.
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