Is Trust wallet more safer than leading crypto exchanges?

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k2h2

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What has been your experience with Trust wallet compared to leading international crypto exchanges?
 
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Trust Wallet is a Decentralized Wallet that you own your private keys
Exchanger wallet, you do not own your wallet.
Has it ups and downs.
But simply, if i'm holding, it's not in an exchange wallet.

Doesn't matter how "trusted" the international exchange is, all it takes is 1 idiot to get compromised and the whole thing comes crashing down.
 
It depends on how you would like to do with your crypto. If you just want to to keep it, use trustwallet, but if you want for transaction, use exchanges.
 
A hot wallet like Trust Wallet is definitely safer than a CEX, since the keys are yours. Even better if you don't connect this wallet with any website and don't give any kind of permission to any website to make it as safe as possible
 
WHM said:
been using trust wallet for 4 years and have done trans worth over $100k+ without any issues
Click to expand...
Has it been hacked ever?
 
xReminisce said:
Trust Wallet is a Decentralized Wallet that you own your private keys
Exchanger wallet, you do not own your wallet.
Has it ups and downs.
But simply, if i'm holding, it's not in an exchange wallet.

Doesn't matter how "trusted" the international exchange is, all it takes is 1 idiot to get compromised and the whole thing comes crashing down.
Click to expand...
This is so true!

Like the poster above, not your keys, not your money. Centralised exchanges are okay for trading, but for long term storage even your mobile app is infinitely better than a cex.
 
xReminisce said:
Trust Wallet is a Decentralized Wallet that you own your private keys
Exchanger wallet, you do not own your wallet.
Has it ups and downs.
But simply, if i'm holding, it's not in an exchange wallet.

Doesn't matter how "trusted" the international exchange is, all it takes is 1 idiot to get compromised and the whole thing comes crashing down.
Click to expand...
Or they can just ban your account
 
I've used Trust Wallet for a while, and it's great for managing assets directly without relying on centralized exchanges. The DApp integration is a plus too. However, for trading, I still prefer international exchanges. It really depends on whether you're looking for convenience or more robust trading tools.
 
Yes Trust Wallet can be trusted and I've used it for many years.
As long as you practice good security there is nothing to worry about.
 
self-custody is always better if you know what you are doing, thats the whole point of crypto.

Do not rely in 3rd parties to hold your coins!
 
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