6 Best Trust Wallet Alternatives in 2024
While Trust Wallet is popular with many cryptocurrency investors, there are plenty of alternatives worth considering. In this guide, we compare the 6 best Trust Wallet alternatives for 2024. Read on to choose the most suitable wallet for supported cryptocurrencies, security, device types, and more.
List of the Best Trust Wallet Alternatives
In our view, listed below are the best Trust Wallet alternatives for 2024:
- Best Wallet – Newly founded Best Wallet is a great alternative to consider. This wallet supports multiple blockchain networks, from Bitcoin and XRP to Ethereum and Solana. It comes with an in-built staking tool and supports decentralized token swaps. Best Wallet also offers AI-backed assistance when building and maintaining a wallet portfolio – not to mention access to DeFi applications.
- Trezor – Another alternative to Trust Wallet for security purposes is Trezor. This is a hardware wallet that comes as a small physical device. Any cryptocurrencies stored within Trezor are kept offline in cold storage, and a PIN is needed to verify outgoing transfers. The Trezor Model One retails for $69.
- MetaMask – While MetaMask and Trust Wallet possess many similarities, the former offers a better user experience on desktops. This is because the MetaMask browser extension comes with more functionality, including staking and token swaps. These features are not available when using the Trust Wallet browser extension.
- Binance – Binance offers a custodial web wallet that comes packed with features. This includes the ability to store and trade hundreds of cryptocurrencies. The Binance wallet also supports staking, dual investments, savings accounts, and yield farming. This wallet is suited to active cryptocurrency traders that want to maximize returns.
- Exodus – This wallet offers desktop software for Windows and Mac – providing a seamless experience on laptops and PCs. Exodus – which supports over 50 blockchain networks, also offers an app and browser extension. Core features built into the Exodus wallet include staking and token swaps.
- OKX – The OKX wallet is decentralized, meaning it offers non-custodial storage without requiring users to provide any personal information. The wallet’s main feature is its bridge aggregator. This allows users to swap and stake cryptocurrencies via 200+ decentralized exchanges without leaving the OKX wallet. As such, users can secure the lowest exchange rates and highest DeFi yields.
8 Best Alternatives to Trust Wallet: Full Reviews
When exploring Trust Wallet alternatives, users should focus on various metrics. This includes security, usability, fees, features, and supported device types.
Now let’s move on to our comprehensive reviews of the best Trust Wallet alternatives for 2024.
1. Best Wallet – Overall Best Trust Wallet Alternative
Best Wallet is the overall best Trust Wallet alternative. This is a non-custodial wallet that allows users to store cryptocurrencies safely and anonymously. No personal information, contact details, or private data is collected when using Best Wallet.
Most importantly, users have full control of their private keys. This is provided by Best Wallet when setting the wallet up. Only the user can view the private keys, and they are fully encrypted on the respective device. Best Wallet supports desktop software and a mobile app for iOS and Android. Both options are user-friendly and support multiple blockchains. This includes Bitcoin, Ethereum, and some of the best altcoins.
For example, Solana, Dash, XRP, Litecoin, and BNB. Best Wallet also supports the best Arbitrum network tokens. While users are responsible for keeping their wallets safe, Best Wallet comes with plenty of security features. This includes biometrics, such as facial and fingerprint ID.
Wallets are also secured by passcodes and two-factor authentication. The latter is not supported by Trust Wallet, nor many other non-custodial wallets in the market. When it comes to core features, Best Wallet supports an entire cryptocurrency ecosystem. For example, Best Wallet offers yields on some of the best staking coins – allowing users to earn rewards on their idle cryptocurrencies.
Best Wallet also supports in-wallet token swaps. This feature supports cross-chain transfers, meaning users can trade Ethereum for Bitcoin or BNB for Tether without using a centralized exchange. Best Wallet has also launched its own utility token, BWAT. This offers exposure to the growth of Best Wallet, and those staking BWAT will secure additional perks.
This includes access to fee-free transactions, where Best Wallet covers the cost of GAS. Staking BWAT also provides access to the Best Wallet AI assistant. This helps users make informed decisions on their wallet portfolio. For example, users can ask the AI bot for the best cryptocurrencies to buy on the Binance Smart Chain.
Or, which cryptocurrencies to sell to reduce the wallet’s volatility. Importantly, Best Wallet is yet to launch in the market. It is currently collecting email addresses for its pre-launch – which gives users early access. Those interested in trying the wallet can visit the Best Wallet website to join the waitlist.
Pros
- Overall best Trust Wallet alternative
- More secure features than Trust Wallet – including two-factor authentication
- Available as a mobile app and desktop software
- Supports dozens of blockchain networks
- In-built AI assistant helping users make informed decisions
Cons
- Has not been released yet – join the waitlist to try the wallet out
- Fiat payments are processed by WERT – which charges 4%
2. Trezor – Cold Storage Alternative for Long-Term Investors
Another Trust Wallet alternative for security is Trezor. This is a non-custodial wallet that requires users to look after their private keys. That said, the private keys are encrypted on the user’s device – which remains offline at all times. This is even the case when sending cryptocurrencies to another user.
The transaction goes through a standard USB cable on the Trezor One device. While the latest Model T uses Bluetooth. In both cases, transfers must be authorized by entering a PIN on the device. This protects the user from remote and real-world hacking attempts. When setting up the wallet, users are provided with a 12 or 24-word passphrase.
Users will need this to recover the Trezor wallet if they forgot the PIN. The passphrase is also needed if the device is lost, damaged, or stolen. While Trezor supports fewer cryptocurrencies than Trust Wallet, it is compatible with the most popular blockchain networks.
This includes Bitcoin, Ethereum, XRP, Cardano, Solana, Polygon, and Polkadot. What’s more, Trezor allows users to manually add a cryptocurrency token if it isn’t supported by default. The only prerequisite is that the underlying blockchain is supported. The main drawback with Trezor is that it is not a free alternative to Trust Wallet. Instead, users will pay $69 and $219 for the Trezor Model One and T, respectively.
Pros
- Cold storage solution to Trust Wallet – private keys are always offline
- Outgoing transactions must be authorized on the device with a PIN
- Trezor wallets can be recovered remotely via a 12 or 24-word passphrase
- Allows users to add custom tokens to any supported blockchain standard
Cons
- The device must be purchased – with prices ranging from $69 and $219
- A lot more time-consuming to send cryptocurrencies when compared to Trust Wallet
3. MetaMask – Solid Trust Wallet Alternative for Desktop Users
MetaMask is another Trust Wallet alternative to consider – especially for those that prefer using a desktop device. Put simply, while Trust Wallet also comes with a browser extension, it offers limited functionality. In comparison, MetaMask allows users to stake and swap tokens directly from its browser wallet.
This isn’t the case with Trust Wallet, which only offers these features on its mobile app. Moreover, MetaMask is the better option when accessing DeFi applications on a laptop or PC. In the vast majority of cases, DeFi platforms directly support a MetaMask link-up. This removes the need to use third parties like WalletConnect.
In terms of supported markets, Trust Wallet supersedes MetaMask. For example, MetaMask only comes with support for the Ethereum network when setting it up for the first time. It also supports Arbitrum, Polygon, Optimism, Binance Smart Chain, and Avalanche – but users need to add these networks manually. And unlike Trust Wallet, MetaMask does not support Bitcoin.
Nonetheless, we like that MetaMask is completely free to use and allows users to add custom tokens. This is the case across all supported networks. We also like that MetaMask supports browser extensions for Firefox, which Trust Wallet doesn’t. Moreover, the Trust Wallet app for iOS often has difficulties connecting to dApps. These issues are not present with MetaMask.
Pros
- The MetaMask browser extension comes with more functionality than Trust Wallet
- Stake and swap tokens without leaving the browser extension interface
- Supports Firefox browsers – which Trust Wallet doesn’t
- Great reputation and is used by over 30 million people
Cons
- Unlike Trust Wallet – does not support Bitcoin, Cardano, XRP, or Solana
- Charges 0.875% on in-wallet swap fees
4. Binance – Great Trust Wallet Alternative for Active Traders and Investors
Binance is the best Trust Wallet alternative for active cryptocurrency traders. Crucially, the wallet offers unfettered access to the Binance exchange. Not only does this provide significant levels of liquidity and some of the lowest commissions in the market. For every $100 traded, Binance charges just $0.10. In comparison, Trust Wallet only supports decentralized exchanges, meaning limited liquidated and wider spreads.
What’s more, Trust Wallet uses third parties when users stake their cryptocurrencies. Binance, however, offers a direct service without any markups. Binance also offers savings accounts, dual investments, and yield farming.
Competitive rates are available on many cryptocurrencies. For example, AXS and DOT are currently yielding 32% and 14.9% on 90-day and 120-day terms, respectively. Unlike Trust Wallet, Binance also offers access to leveraged derivatives. This allows users to trade with more money than they have in their accounts.
Leverage can be accessed via spot trading, options, and futures. Although Binance is a custodial wallet, it comes with greater security features than Trust Wallet. This includes two-factor authentication and cold storage on the majority of client funds. This is in addition to an internal insurance fund and IP address whitelisting. In contrast, Trust Wallet is only secured by a PIN or password.
Pros
- Convenient web wallet that does not require users to look after their private keys
- Security includes an insurance fund, two-factor authentication, and cold storage
- Pay just $0.10 in fees for every $100 traded
- Offers some of the best interest yields in the market
Cons
- Custodial storage will not appeal to all cryptocurrency investors
- Withdrawals come with a flat fee that is above the real-time GAS price
5. Exodus – Non-Custodial Desktop Wallet for Windows and Mac
Exodus is also one of the best Trust Wallet alternatives for 2024. Unlike Trust Wallet, Exodus offers native software for Windows and Mac. The wallet is non-custodial and is protected by a password. The wallet can be recovered via a 12-word passphrase if the password is forgotten. Private keys are secured and encrypted on the user’s device.
Exodus supports over 50 blockchain networks, including Bitcoin, Ethereum, XRP, Litecoin, Tron, Monero, and Binance Smart Chain. Any token from a supported network can be added to Exodus manually. We also like that Exodus is suitable for beginners and experienced pros alike. It takes just seconds to get started and navigating the wallet is seamless.
Exodus also makes it simple to assess the performance of invested cryptocurrencies. All tokens within the user’s wallet are priced in US dollars. Users also have the option of changing the default currency to GBP, EUR, and others. In terms of fees, Exodus does not levy any charges to store and receive cryptocurrencies.
GAS fees on outgoing transactions do not come with any markups. There will be fees when using third-party tools that are integrated into the wallet. This includes fiat payments, token swaps, and staking. Finally, we should also mention that Exodus offers a mobile app and browser extension. Supported operating systems include iOS, Android, Chrome, and Brave.
Pros
- Best Trust Wallet alternative for Windows and Mac software
- No fees to store or receive cryptocurrencies
- Portfolio management tool offers real-time valuations in fiat money
- Supports all tokens on over 50 blockchain standards
Cons
- Charges fees when users stake and swap cryptocurrencies
- Similar security features to Trust Wallet
6. OKX – Decentralized Wallet App Integrated With 200+ Exchanges
OKX is one of the best Trust Wallet alternatives for earning high yields on idle cryptocurrency investments. It has developed a ‘bridge aggregator’ that connects to over 200 decentralized exchanges. This means that users can deposit their cryptocurrencies into a staking pool with the highest APYs.
The bridge aggregator ensures that the user does not need to leave the OKX wallet when earning yields. In addition to staking, yields can also be earned via savings accounts and liquidity farming. OKX is also one of the best Trust Wallet alternatives for swapping tokens anonymously. Users simply need to select the tokens they want to swap, and OKX will secure the best rates.
The wallet is completely decentralized and operates independently from the main OKX exchange. This means no account is required to use the wallet. In terms of security, the OKX wallet is protected by a PIN and biometrics. Users also have the option of switching over the Multi-Party Computation (MPC) storage. In a nutshell, MPC technology distributes private keys across multiple devices.
Each device will only have access to a segment of the private keys. Meaning – a remote hack wouldn’t provide access to the wallet. In terms of supported cryptocurrencies, the OKX wallet is compatible with dozens of blockchains. This includes Bitcoin, Solana, Fantom, and Ethereum.
Pros
- Decentralized wallet connecting to over 200+ exchanges
- Aggregates the best APYs and exchange rates
- Enhanced security tools when compared to Trust Wallet – including MPC storage
- Compatible with over 50 networks – including Bitcoin and Solana
Cons
- Swap fees are not displayed until creating the order
- Many of the integrated exchanges struggle to attract liquidity
Top Metrics to Consider When Choosing a Trust Wallet Alternative
The best Trust Wallet alternatives offer a greater level of security and convenience, not to mention more transparent pricing. We also found that some Trust Wallet alternatives offer support for additional devices and operating systems.
In this section, we explore some of the key reasons why the above Trust Wallet alternatives are worth considering.
Supported Devices
While Trust Wallet is compatible with multiple devices, it comes with various shortcomings. For example, Trust Wallet supports Chrome, Edge, and Brave – but not Firefox. Those using Firefox will need to consider a Trust Wallet alternative like MetaMask.
Furthermore, the Trust Wallet browser extension comes with limited functionality. While it enables users to send, receive, and store cryptocurrencies – staking and token swaps can only be accessed on the mobile app.
Moreover, Trust Wallet does not offer desktop software for Windows or Mac. The best Trust Wallet alternative for desktop users is Exodus. Another point to consider is that iOS users have issues accessing the decentralized web. While Android users can connect to dApps directly, iOS smartphones require a workaround. This requires users to go through WalletConnect, which is far from convenient.
Fiat Payments
Although Trust Wallet allows users to buy cryptocurrencies with fiat money, this service is provided by Simplex. This is a third-party payment processor that charges between 3.5% and 5% on debit/credit card payments. These fees are passed on to the user. What’s more, the minimum payment fee is $10. This is especially problematic for those wishing to buy a small amount of cryptocurrencies.
- For instance, say a user meets the minimum payment amount of $50.
- Paying a fee of $10 equates to a commission of 20%.
The minimum payment amount of $50 is also considered high.
- For example, some Trust Wallet users buy cryptocurrencies with a debit/credit card because they need ETH or BNB to pay GAS fees.
- After all, without the required GAS fees, ERC20 and BEP20 transactions cannot be processed. This ends up being expensive when using fiat money on Trust Wallet.
Non-Custodial Security
Although some investors like Trust Wallet for its non-custodial and anonymous nature, the wallet lacks robust security features.
- In fact, the Trust Wallet app is only protected by a PIN or fingerprint ID.
- Equally, the Trust Wallet browser extension is only protected by a password.
- If a bad actor is able to remotely hack the user’s credentials, they might be able to access the wallet.
- After all, Trust Wallet is a hot wallet that always remains online.
In comparison, some of the best Trust Wallet alternatives discussed today offer much greater security features. For example, Trezor is never exposed to the internet, as it’s a cold wallet that is always offline. Check out the Best Crypto Cold Wallet in our top 10 list. Then there’s Best Wallet, which is one of the only non-custodial wallets to offer two-factor authentication.
This is in addition to biometrics and passwords. In addition, the OKX wallet allows users to secure their private keys via MPC technology. As noted earlier, this splits the private keys across multiple locations, making a remote hack redundant.
Customer Support
Another area to consider when searching for alternatives to Trust Wallet is customer support. This is a specific area where Trust Wallet lacks. There is no live chat option, nor a telephone support line. Instead, users are redirected to the Trust Wallet website to fill out a support ticket. Some Trust Wallet users have reported waiting several weeks for a reply.
Now let’s compare this to wallets like Binance. This provider offers live chat support around the clock. In most cases, users are connected with a support agent in minutes. This enables users to receive assistance on urgent matters quickly.
Supported Cryptocurrencies
Although Trust Wallet comes with various drawbacks, it’s one of the best decentralized wallets for supported cryptocurrencies. It supports over 70 blockchain networks, as well as custom tokens. According to Trust Wallet, this means the wallet supports over 4.5 million digital assets. With this in mind, ensure the preferred cryptocurrencies are supported when searching for an alternative to Trust Wallet. For example, those holding Bitcoin, XRP, or Cardano won’t be suited for MetaMask. This is because MetaMask does not support these networks.
- Similarly, users should ensure that their chosen Trust Wallet alternative allows custom tokens to be added.
- For instance, suppose an investor is holding a newly launched BEP20 token.
- Even if the token is listed on a cryptocurrency exchange, it can be added to Exodus instantly.
- This is because Exodus supports the Binance Smart Chain and, thus – all BEP20 tokens.
Ultimately, it makes sense to have just one cryptocurrency wallet to manage. So be sure to check what cryptocurrencies are supported before getting started.
Wallet Fee
Users should also consider fees when selecting the best Trust Wallet alternative. All of the alternatives discussed today allow users to store and receive cryptocurrencies for free. However, hardware devices like Trezor must be purchased. The entry-level model costs $69, while the most advanced edition retails for $219. Users should also check whether the wallet adds a markup to GAS fees.
While Trust Wallet doesn’t, Binance does. For example, the Ethereum blockchain is currently charging average GAS fees of $0.58. While Binance is charging $1.37. Additionally, users should check what fees apply for additional services, like token swaps and staking. Trust Wallet doesn’t charge for these services, but others do. For instance, MetaMask charges 0.875% on token swaps.
Conclusion
In summary, there are many Trust Wallet alternatives that offer increased security, reduced fees, and access to more features and tools. Overall, Best Wallet is a great alternative to Trust Wallet. This non-custodial wallet offers two-factor authentication and biometric security – not to mention in-built staking for desktop and mobile users. Check out the Best Wallet website to get early access before the wallet is officially launched.
FAQs
Which is better Coinbase or Trust Wallet?
Coinbase will appeal to users that want to store cryptocurrencies in a regulated environment, while Trust Wallet offers non-custodial storage.
What is the best Trust Wallet alternative?
For increased security and features while using non-custodial storage – Best Wallet is the best alternative to Trust Wallet.
What fees does Trust Wallet charge?
While Trust Wallet offers fee-free storage, staking, and token swaps – it charges fees when using fiat money to purchase cryptocurrencies (up to 5%).
References
- https://wert.io/fiat-onramp
- https://trezor.io/compare
- https://walletconnect.com/
- https://www.reddit.com/r/trustapp/comments/nvmmoj/the_dapp_browser_will_be_completely_removed_on/
- https://coinmarketcap.com/rankings/exchanges/dex/
- https://community.trustwallet.com/t/urgent-matter-and-no-email-respond-from-support/359774
- https://trustwallet.com/
- https://www.binance.com/en/fee/cryptoFee
- https://etherscan.io/gastracker
- https://www.swift.com/your-needs/financial-crime-cyber-security/know-your-customer-kyc/meaning-kyc
- https://coinmarketcap.com/rankings/exchanges
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