Coinbase
vs
Binance
Crypto wallets (15)
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Coinomi vs Trust Wallet

Overview

Description

Coinomi, launched in 2014, it is one of the oldest software wallets on the market, prioritizes security and privacy. The wallet provides a very simple UI with all essential functions for a crypto enthusiast.

Coinomi
Reviews

Trust Wallet is the official software wallet of the Binance exchange, enabling easy sending, receiving, and trading of coins and tokens. Aside from the clear design and features, it also offers an internal browser for decentralized applications; as well as support for staking and lending cryptocurrencies.

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  • Outdated design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 well-known and one of the oldest software wallets in the cryptocurrency space. The wallet provides a very straightforward interface to manage, buy, and exchange cryptocurrencies. The wallet places a strong emphasis on privacy and security. With the Coinomi wallet, you can buy and exchange cryptocurrencies as well as use the integrated DApp browser that provides access to various decentralized applications. While Coinomi is a reliable wallet, we would recommend considering a more modern software wallet, that provides a more user-friendly interface as well as an active development community that keeps building out features for the wallet. At this moment it appears somewhat outdated by today's standards.

Coinomi
Review

Trust Wallet is a reliable software wallet, particularly suitable for beginners. Aside from the clear design and features, it also offers an internal browser for decentralized applications; as well as support for staking and lending cryptocurrencies. App store reviews are quite positive but also indicate the lack of customer support and more advanced features.

Trust Wallet
Review
By
Ethan Parker
Senior Content Editor

Summary

Ethan Parker
By
Ethan Parker
Updated:
August 20, 2024

About the author

Ethan Parker
Ethan Parker
Senior Content Editor

At Exchange Flow, Ethan is recognized as the resident crypto expert. With 10+years of experience navigating the waters of global crypto exchanges, Ethan is a trusted voice in the ever-evolving world of digital currencies. He tests and scrutinizes exchanges so you don’t have to, offering reviews and articles that newbies and seasoned traders alike find invaluable. When he’s not coding, Ethan likes to travel and play retro games. He uses his crypto earnings to fund his trip around the globe.

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