Re: What is Trust wallet and is it safe?

There are different types of wallets in the cryptocurrency market. Trust wallet is basically a multi-currency wallet that supports all types of tokens in this wallet.Many investors and holders prefer trust wallets nowadays.Moreover, this wallet is much more secure than other wallets.

I want to know more details about this wallet from you.

Thank you everyone

Not really if you are not careful on what you are doing in your phone like clicking a malware, engaging to trade a honeypot token, connecting it to a fake phishing site, etc.

As it is created online, thats where the wallet is so vulnerable and the hackers can actually find a backdoor with all of the stuff I have mentioned if we are not careful without the need of seed phrases, private keys, multisig, etc.

Hardware wallet is always the best bet for our crypto funds to be safe.

Once we have invested in cryptocurrencies then we should equip a hardware wallet, there is no safer option than it. Although owning it will cost a bit more than other options but the security feature it gives us is well worth it. Let's say you have a bitcoin worth $16k and you don't want to spend $200 on a cold wallet, you store that 1 BTC in a software wallet and one day your computer gets hacked you lose $16k. So the question is do you want to lose $16k or $200?

I also believe that hard wallet is the go to if you want a more secure type of wallet. There are many entry level hardware wallet that has a sufficient security that will not make you worry about your security. I personally have 2 hardware wallet which doesn't cost me that much, For as low as 60 bucks you can get your own hardware wallet. Both of my hardware wallet is an entry level hardware wallet which is trezor model one and ledger nano S which cost isn't that much given that they are both entry level. Both performs well and I don't have any problem with both device. Trust me it is worth it because I have a peace of mind every time I heard that there are news about hacking.