Post
Topic
Board Wallet software
Merits 3 from 2 users
Re: What do you think about trust wallet?
by
Pmalek
on 15/11/2022, 09:17:04 UTC
⭐ Merited by hosseinimr93 (2) ,n0nce (1)
If something happens with their servers and they shut down, you should import seed words in other wallets that use same BIP format.
However, some problems may occur with different addresses and derivation paths.
Luckily, they have posted the derivation paths for Bitcoin and plenty of altcoins on their GitHub page. Let's just hope it's all correct and there haven't been any changes they failed to make in the below source.
https://github.com/trustwallet/wallet-core/blob/master/registry.json#L9

They do have a github account and there are some unrelated code there and a regular user is not capable of figure out that it is actually closed source so they "trust" the wallet easier.
Trust Wallet used to be open-source in the past. But that changed a few years ago.

o_e_l_e_o talked about it here:

Trust wallet is not open source.

Here is their blog post announcing they are becoming closed source about 4.5 years ago: https://trustwallet.medium.com/why-open-sourcing-android-app-could-be-a-harm-to-the-crypto-community-fb3ae1707dc6

Here are the links to their Github repositories which show they are both archived and have had no updates in 4 years:
https://github.com/trustwallet/trust-wallet-android-source
https://github.com/trustwallet/trust-wallet-ios

They outright lie on their website when they claim to be open source. If being closed source isn't enough to convince you to stay away, then them outright lying to you should be. They are also owned and operated by Binance, so you can guarantee you will have absolutely zero privacy when using Trust wallet.

Avoid it.