So ironically, Trust Wallet is not a wallet you can trust. It is neither decentralized nor open source. Which as the previous posters have indicated could pose a huge security risk as your seed phrase could be possibly compromised.

Other than that, I have found Trust Wallet to be a decent wallet from the perspective of user experience, especially DeFi on the BSC and ERC20 blockchains. Although I have only tried it out with small amounts of funds and only those two blockchains.

I think if there was a open source version, I would not mind using it for larger funds.