Is It Safe to Keep Invested $100 or more in Trust Wallet?

Hate2Wait

Popular
Member
Jun 16, 2022
25,195
2,502
Dex
$0.350
Raw Dex
$3.822
I am using trust wallet from past few days now and my experience was mixed with Trust wallet. It's secure but we need to keep our secret phrases in our secret custody and the fee is low as compared to other wallets but swapping from one currency to another is not easy.
I would like to ask if it's Safe to Keep our investment of $100 or more in Trust Wallet?
 
AgoraForo - Digital Marketplace & Freelancer Forum

riberet19

Notable
Member
Jan 7, 2023
3,245
347
Dex
$0.000
Raw Dex
$1.120
yes, trustwallet is owned by Binance as far as I know, so as long as nothing happens to Binance I don't think anything will happen, on the other hand as long as you keep the seed phrase safe, I don't think you have anything to fear with $100 or more.
 

fcbetting

Notable
Member
Jun 16, 2022
4,938
359
Dex
$0.010
Raw Dex
$0.020
Yes it is just after every connection disconnect your wallet, especially pancakes exchange services. Most people lost money leaving connection open after transactions. I ma using wallet connect and even I have just few bucks there, I still close connection. It is just few seconds of work and you keep you assets safe.
 

Bisolami

Very Familiar
Member
Sep 19, 2022
17,833
1,539
Dex
$0.000
Raw Dex
$0.078
I am using trust wallet from past few days now and my experience was mixed with Trust wallet. It's secure but we need to keep our secret phrases in our secret custody and the fee is low as compared to other wallets but swapping from one currency to another is not easy.
I would like to ask if it's Safe to Keep our investment of $100 or more in Trust Wallet?
I have saved more than that on Trust wallet and I can tell you that it is very safe to do so
 

Bango

Notable
Member
Jan 12, 2023
1,433
140
Dex
$0.000
Raw Dex
$0.000
Yes, $100 is really a small amount of money for a trust wallet and don't worry. I've had a lot more than $100 and nothing has ever happened. do not worry. But it is better not to put all your eggs in one basket if you have a lot of money
 

SHAHID987

Notable
Member
Nov 15, 2022
4,072
230
Dex
$0.005
Raw Dex
$0.045
I remember when we were using alert pay later its name changed to Payza, my $11 were in that payment processor and I remain it over there because I had much more confidence on it finally it turned into scam and I lose my $11.
 

Bisolami

Very Familiar
Member
Sep 19, 2022
17,833
1,539
Dex
$0.000
Raw Dex
$0.078
Yes, $100 is really a small amount of money for a trust wallet and don't worry. I've had a lot more than $100 and nothing has ever happened. do not worry. But it is better not to put all your eggs in one basket if you have a lot of money
There are people who are keeping thousands of dollars on Trust wallet and there is nothing wrong with their money
 

Bango

Notable
Member
Jan 12, 2023
1,433
140
Dex
$0.000
Raw Dex
$0.000
There are people who are keeping thousands of dollars on Trust wallet and there is nothing wrong with their money
Yes, I have been using this wallet for a long time and kept a lot of money in it. There has never been a problem, but I say that we live in Tier 3 countries and anything can happen. For example, Binance blocked users in my country and their funds were blocked
 

Blessed19

Notable
Member
Mar 1, 2023
1,728
105
Dex
$0.000
Raw Dex
$0.000
I am using trust wallet from past few days now and my experience was mixed with Trust wallet. It's secure but we need to keep our secret phrases in our secret custody and the fee is low as compared to other wallets but swapping from one currency to another is not easy.
I would like to ask if it's Safe to Keep our investment of $100 or more in Trust Wallet?
Trust wallet on a normal level is also a very good and secure wallet whee you can keep your funds or investment of even more than $1,000 for I know of someone who has more than that in his trust wallet and it has been safe and secure for over the years now though I prefer making use of Binance to saw all of my crypto funds as I transfer from my trust wallet to my Binance because to me it is more secured to any other wallet.
 

Smalto

Notable
Member
Feb 23, 2023
1,305
76
Dex
$0.000
Raw Dex
$0.003
Trust wallet is a very safe and secure wallet, it is what I have been using since last year, and I haven't encountered any issues with it, so your $100 is safe and secure, but keep your details safe and private.
I am using trust wallet from past few days now and my experience was mixed with Trust wallet. It's secure but we need to keep our secret phrases in our secret custody and the fee is low as compared to other wallets but swapping from one currency to another is not easy.
I would like to ask if it's Safe to Keep our investment of $100 or more in Trust Wallet?
 

Suba

Notable
Member
Nov 11, 2022
3,879
471
Dex
$0.000
Raw Dex
$1.585
Experts recommend not keeping more than $500 worth of crypto in a hot wallet, so if you only keep $100 it's still pretty safe. Yesterday I read the news from Decrypt.co that the Trust wallet created by Binance will be the target of a hack.
 

Hate2Wait

Popular
Member
Jun 16, 2022
25,195
2,502
Dex
$0.350
Raw Dex
$3.822
Whenever I have some amount in the wallet I was contacted by someone or the other for exchange so mostly I cannot keep the amount for a week
 

riberet19

Notable
Member
Jan 7, 2023
3,245
347
Dex
$0.000
Raw Dex
$1.120
Whenever I have some amount in the wallet I was contacted by someone or the other for exchange so mostly I cannot keep the amount for a week
hehe, you are a requested guy, look at the amount you have accumulated in the forum, I guess you have many exchanges to do almost every day, so it is normal not to hold your coins.
 

Chibson

Well Known
Member
Nov 22, 2022
7,087
435
Dex
$0.000
Raw Dex
$0.000
When it comes to legitimacy and safety trust wallet is very much trusted. there are people that even keep thousands of dollars in their trust wallet and it never gets stolen. You just have to keep your phrase safe.
 

riberet19

Notable
Member
Jan 7, 2023
3,245
347
Dex
$0.000
Raw Dex
$1.120
When it comes to legitimacy and safety trust wallet is very much trusted. there are people that even keep thousands of dollars in their trust wallet and it never gets stolen. You just have to keep your phrase safe.
Recently there was a hack to trust wallet due to an error I think I remember certain users who had created their trust wallet within a period of days I don't remember exactly what period of days it was, but I think the funds were returned, they were about 600,000 dollars stolen .
 

Suba

Notable
Member
Nov 11, 2022
3,879
471
Dex
$0.000
Raw Dex
$1.585
Trust wallet belongs to Binance and is a self custodial wallet so it is safe but almost all airdrops ask for Trust wallet so there is a loophole for hacking into Trust wallet.
 

Chibson

Well Known
Member
Nov 22, 2022
7,087
435
Dex
$0.000
Raw Dex
$0.000
Recently there was a hack to trust wallet due to an error I think I remember certain users who had created their trust wallet within a period of days I don't remember exactly what period of days it was, but I think the funds were returned, they were about 600,000 dollars stolen .
Every hot cryptocurrency wallet always experiences hack from time to time. Trustwallet is what I've been using for a very long time and no issues at all.
 

riberet19

Notable
Member
Jan 7, 2023
3,245
347
Dex
$0.000
Raw Dex
$1.120
Every hot cryptocurrency wallet always experiences hack from time to time. Trustwallet is what I've been using for a very long time and no issues at all.
Yes, I am not saying that it is not secure or that you can lose your money there, but for example there are wallets that have never been hacked such as Coinomi, that really gives me more security than wallets that can have spontaneous security failures.
 
Back
Top