Review on Trust Wallet by Jeff Ayuba
My Ideal wallet though am not very pleased personally, it's a great wallet for users
You have just met my ideal wallet, I have used the Trust wallet application since it was launched and it has been my favorite wallet hugely due to the number of coins and their tokens this wallet support. There is a lot of features the wallet adds to give more flexibility to the users such as easy Crypto purchase via Debit cards through it's third-party provider; ChangeNow. Another flexibility is the ability to toggle transaction fees for many of the coins it's supports like Ethereum, DogeCoin, Litecoin etc. There is also a notification center for every transaction made in this wallet and a pop-up for any received or sent coin to the address. The Dapp browser it supports also is another flexibility feature of this wallet as it selects the Blockchain of the Dapp website, not just that, the wallet Dapp browser supports over 7 blockchains
A new set of feature released into the wallet like Price notification is a good addition to the wallet but isn't really reliable as once the wallet is closed, the price notification doesn't work. Also, the wallet has its utility tokens which when initially released, was said will be used for transaction fee payments but that is not the case and this is quite annoying. The utility of the TWT has been limited to only Governance voting for new coins to be added and new features to be rolled out. I can even point out that the Governance voting system is very lacky with big holders controlling the major decisions
The wallet is very ideal for it's features and little security it offers
Pros
- Popular wallet, backed by Binance and non-custodial
- Flexibility in use of the wallet like it's fee toggling for many of it's coins that allows such
- Extra services like Debit card purchases of cryptocurrencies
- Dapp browser that supports different blockchains
Cons
- The security of the wallet in my view still needs to be improved
- Price notification feature of the wallet doesn't work well
- It's utility token TWT which came with a use case for transaction cost payment is not used for that reason, instead it has been brought into its governance voting system
New products
Comments (1)
January 27, 2021
The popularity of this wallet should be given some considerations like the ones that someone that does use such as coinbase. User should be able to transfer directly with other trust wallet users for no fee
