Coinbase
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Binance
Crypto wallets (15)
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Coinomi vs Trust Wallet

Overview

Description

Coinomi, one of the oldest software wallets on the market, prioritizes security and privacy. Since its launch in 2014, it has been trusted by millions of users, showcasing a robust track record. The app is designed to be very simple, yet it provides all essential functions.

Coinomi
Reviews

Trust Wallet is the official software wallet of the Binance exchange, enabling easy sending, receiving, and trading of coins and tokens. It is particularly popular for its extensive selection of supported cryptocurrencies. Additionally, the app provides access to decentralized apps and NFTs.

Trust Wallet
Reviews
Pro's & Con's
Pro's
  • Long-established presence since 2014
  • Simple and user-friendly interface
  • Supports numerous cryptocurrencies
  • Integrated DApp browser
Con's
  • Infrequent software updates
  • Outdated design
Pro's
  • Supports a wide range of cryptocurrencies
  • Clear and user-friendly app
  • Integrated DApp browser
  • Direct connection to Binance
Con's
  • Very poor customer support
  • No desktop application

User Interface

Information

Wallet type
Software
Software
Price (Hardware)
Supported assets
1770
+
150000
+
Open Source
yes
Yes
no
No
yes
Yes
no
No
Anonymity
Low
Medium
High
Low
Medium
High
Private Key Owner
You (Non-Custodial)
You (Non-Custodial)
Popularity
67,098 followers
2.72 million followers

Hardware

Screen
Interfaces
Service
Processing quality
Low
Medium
High
Low
Medium
High
Secure Elements
FIDO U2F Authenticator
yes
Yes
no
No
yes
Yes
no
No
Certification
Dimensions
Weight
Scope of delivery

Features

Buy & Sell
yes
Yes
no
No
yes
Yes
no
No
Staking
yes
Yes
no
No
yes
Yes
no
No
NFT Integration
yes
Yes
no
No
yes
Yes
no
No
Two-factor authentication
yes
Yes
no
No
yes
Yes
no
No
Multi Signature
yes
Yes
no
No
yes
Yes
no
No
Backup
Recovery Seed (24 words)
Recovery Seed (12 words)
Unique Features

-

  • DApp browser
  • Lending (earn interest)
Available for US users?
yes
Yes
no
No
yes
Yes
no
No
Platforms

Wallet Rating

Overall rating
5.8
10
7.5
10
Our individual ratings
Operation
7
8
complicated
simple
Supported Assets
1770
150000
simple
extensive
Security & Trust
6
7
simple
extensive
Functions & Scope
6
8
simple
extensive
Beginner friendliness
6
8
simple
extensive
Support
2
4
simple
extensive

About

The Company
Coinomi
Trust Wallet (takeover by Binance)
Headquarters
British Virgin Islands
USA
Company size
Small
Medium
Large
Small
Medium
Large
Founder
George Kimionis
Viktor Radchenko, Maxim Rasputin
Year of foundation
2014
2017

Our Review

Coinomi Wallet is a seasoned player in the crypto space, offering a straightforward and functional interface for managing, buying, and exchanging cryptocurrencies. The software places a strong emphasis on security and privacy. Within the app, users can buy and exchange cryptocurrencies, and an integrated DApp browser provides access to various decentralized applications. While Coinomi is a reliable wallet, we would recommend considering a more modern software wallet. Additionally, the product sees little active development and appears somewhat outdated after all these years.

Coinomi
Review

Trust Wallet is a reliable software wallet, particularly suitable for beginners. The app features a clear design and offers useful functions such as a browser for decentralized applications. It also supports the staking and lending of cryptocurrencies within the wallet. Trust Wallet stands out due to its wide range of supported crypto assets. While it is a solid choice, other comparable software wallets are more mature and offer better features. Reviews in the App Store and on various portals indicate that users are often dissatisfied with the poor customer support, among other issues.

Trust Wallet
Review
By
Ethan Parker
Senior Content Editor

Summary

Ethan Parker
By
Ethan Parker
Updated:
July 9, 2024

About the author

Ethan Parker
Ethan Parker
Senior Content Editor

Ethan is the go-to crypto guru at Exchange Flow, with nearly a decade steering traders through crypto exchange platforms worldwide, Ethan brings welcome clarity to the complex terrain of digital currencies. His hands-on approach to testing and analyzing exchanges worldwide makes his reviews and articles valuable information for readers and newcomers in the crypto world. Beyond his crypto expertise, Ethan is a retro gaming enthusiast and an explorer at heart, using his crypto gains to fuel adventures around the world. Dive into Ethan’s articles and reviews for a global perspective on cryptocurrency that’s as enlightening as it is engaging.

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