Post
Topic
Board Beginners & Help
Re: Which wallet is safe for long term Bitcoin storage?
by
Coyster
on 07/11/2023, 23:50:10 UTC
when you make account on Trust wallet you have to keep a recovery key safe in order to access that account again.
There is no "account" in the Bitcoin network, use wallet instead. Trust wallet is a non-custodial wallet, but it is closed source and with being closed source you have to "trust" everything that the developers tell you about the wallet, keys and seed phrase. Atomic wallet is a good example of a closed source non-custodial wallet, they were hacked a few months ago, and quite a lot of their users lost their money, but even as i type this there is still no info from Atomic wallet about what happened. Thus don't use closed source wallets, even if they are non-custodial and give you a recovery phrase.