# Trust Wallet

> Source: https://docs.barcoder.ai/docs/wallets/trust-wallet
> research date 2026-05-29 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Trust Wallet — official](https://trustwallet.com/)

## Overview

**Trust Wallet** is **the world's leading self-custody Web3 wallet by users**, trusted by **200+ million users** as of 2025 <sup>[1][1], [2][2]</sup>. **Major ownership shift**: As of **May 15, 2025, Trust Wallet is no longer owned or controlled by Binance Exchange Group** — operates **independently** as separate legal entity following Binance's late-2023 sale of its shares. Trust Wallet supports **70+ blockchains** + is regularly updated for fast-moving crypto ecosystem.

**June 2025 — Trust Wallet launched Buy+** powered by Binance Connect — simplifies crypto access; also introduced **deposit-from-exchange** feature for moving crypto from Binance + Coinbase to Trust Wallet self-custody.

## History

**November 2017 — Trust Wallet founded** by **Viktor Radchenko** as mobile-first Ethereum wallet.

**July 2018 — Binance acquires Trust Wallet** <sup>[2][2]</sup>: Strategic acquisition for Binance's self-custody product.

**2019-2024 — Multi-chain expansion to 70+ blockchains** <sup>[2][2]</sup>: Bitcoin, Ethereum, Solana, Cosmos, Polkadot, many others.

**Late 2023 — Binance sells Trust Wallet shares** <sup>[1][1]</sup>: Beginning of independence transition.

**May 15, 2025 — Trust Wallet officially no longer owned/controlled by Binance Exchange Group** <sup>[1][1]</sup>: Operates as independent legal entity.

**June 2, 2025 — Trust Wallet launches Buy+** powered by **Binance Connect** <sup>[3][3]</sup>: Simplified onboarding; deposit-from-exchange feature.

## Ownership & operator

**Operating entity**: **Trust Wallet** — independent legal entity (post-May 2025).

**Founder**: **Viktor Radchenko** (Ukrainian-American developer; sold to Binance 2018).

**Former owner (2018-2023)**: **Binance** Exchange Group; **late-2023 sold shares**; **May 15, 2025 fully independent**.

**Current ownership**: Privately held; specifics post-Binance-sale not widely disclosed.

**Regulator distinction**: Non-custodial — users hold own private keys.

## Technical integration

| Layer | Description |
|---|---|
| **Channels** | Mobile app (iOS + Android) + browser extension |
| **Identifiers** | Blockchain addresses across 70+ chains |
| **Supported chains** | **70+ blockchains** — Bitcoin, Ethereum, BSC, Solana, Polygon, Cosmos, Polkadot, many others |
| **Onboarding** | Standard self-custody seed-phrase + Buy+ (June 2025+) via Binance Connect |
| **Distinctive features** | dApp browser, NFT marketplace, staking, DEX integration |

## Users & growth

**2025** <sup>[1][1]</sup>:
- **Total users**: 200+ million (largest self-custody Web3 wallet by users)
- **Active users**: 115+ million across platforms (per Ledger statistics report)

## Use cases

Self-custody crypto storage across 70+ chains; DeFi (DEX swapping, lending, staking); NFT storage + trading; Web3 dApp browsing; cross-chain swapping; Buy+ fiat onramp (Binance Connect); deposit-from-exchange (Binance + Coinbase).

## Implementations & partners

**Operator**: **Trust Wallet** (independent post-May 2025).

**Strategic partner**: **Binance Connect** (Buy+ feature, June 2025+) despite ownership independence.

**Major competitors**: **MetaMask** (143M users), **Phantom** (15M MAU), **[Coinbase Wallet (Smart Wallet)](https://docs.barcoder.ai/docs/wallets/coinbase-wallet)** (3.2M MAU), **Rainbow**, **Ledger Live + Trezor** (hardware).

## Fun facts

- **November 2017 founded by Viktor Radchenko** as mobile-first Ethereum wallet.
- **July 2018 Binance acquired** — strategic Web3-wallet play.
- **May 15, 2025 fully independent from Binance** following late-2023 share sale.
- **200M+ users** — largest self-custody Web3 wallet by user count.
- **70+ blockchains supported** — broadest multi-chain breadth among self-custody wallets.
- **Buy+ Binance Connect (June 2025)** — strategic Binance partnership despite ownership independence.
- **Mobile-first** vs MetaMask's browser-extension-first heritage.

## Comparison

| Feature | Trust Wallet | MetaMask | Phantom | [Coinbase Wallet (Smart Wallet)](https://docs.barcoder.ai/docs/wallets/coinbase-wallet) | Rainbow |
|---|---|---|---|---|---|
| Operator | **Independent (post-May 2025; formerly Binance)** | ConsenSys | Phantom Inc. | Coinbase Global (NASDAQ: COIN) | Rainbow |
| Type | **Mobile-first self-custody** | Browser-extension + mobile self-custody | Solana-native + multi-chain | Self-custody Web3 + Smart Wallet | Ethereum + L2 self-custody |
| Users | **200M+ total / 115M active** | 143M total / 30M MAU | 15M+ MAU | 3.2M MAU | 100K+ |
| Chains | **70+** | 7+ (post-multi-chain expansion) | 6 | Multi-chain | Ethereum + L2 (Arbitrum, Optimism, Base) |
| Ownership | **Independent post-May 2025** | ConsenSys (Lubin) | Phantom Inc. ($3B valuation Sequoia/Paradigm) | Coinbase Global | Independent |
| Distinctive | **70-chain breadth + Buy+ Binance Connect** | mUSD stablecoin + Web3Auth onboarding | Solana-heritage; multi-chain expansion | Smart Wallet account-abstraction; Base L2 | Ethereum-design-focused |

## Status

**Active, independent self-custody leader** <sup>[1][1], [3][3]</sup>:
- **Trust Wallet** independent legal entity since May 15, 2025 (formerly Binance subsidiary).
- **200M+ total users**.
- **70+ blockchains supported**.
- **Buy+ Binance Connect (June 2025+) for simplified onboarding**.
- **Deposit-from-exchange (Binance + Coinbase) feature**.

## Sources

[1]: https://trustwallet.com/blog/guides/trust-wallet-vs-exchange-accounts-why-self-custody-matters "Trust Wallet vs exchanges — Trust Wallet"
[2]: https://en.wikipedia.org/wiki/Trust_Wallet "Trust Wallet — Wikipedia"
[3]: https://www.globenewswire.com/news-release/2025/06/02/3091819/0/en/Trust-Wallet-Launches-Buy-Powered-by-Binance-Connect-to-Simplify-Crypto-Access.html "Trust Wallet Buy+ — GlobeNewswire"
[4]: https://www.binance.com/en/blog/ecosystem/what-is-a-selfcustodial-wallet-and-why-should-you-choose-trust-wallet-4498166712312335636 "Self-custodial Trust Wallet — Binance Blog"

- [1] [Trust Wallet vs exchanges — Trust Wallet][1]
- [2] [Trust Wallet — Wikipedia][2]
- [3] [Trust Wallet Buy+ — GlobeNewswire][3]
- [4] [Self-custodial Trust Wallet — Binance Blog][4]

## Source

Biography extracted from [trust-wallet.md](https://docs.barcoder.ai/source/wallets/trust-wallet). See `matrix.md` for standards-support matrix if present.