By the end of 2024, the number of unique cryptocurrency wallets with a non-zero balance surpassed 400 million — an increase of approximately 47% compared to the previous year, according to data from Chainalysis. This steady upward trend in crypto adoption has continued into 2025.
At the same time, the market is experiencing a clear shift away from centralized platforms toward decentralized, non-custodial solutions for storing digital assets. Amid this transformation, Trust Wallet has emerged as one of the most widely used tools in the space, with a user base exceeding 200 million.
So, what exactly has propelled Trust Wallet to the forefront of the self-custody movement, and why does it remain one of the most trusted solutions on the market today? Let’s take a closer look.
What Is Trust Wallet: Key Facts and Features
Trust Wallet is a non-custodial cryptocurrency wallet designed for individuals who want full control over their digital assets. Its defining feature is precisely that: non-custodial architecture — users are solely responsible for storing their seed phrase, private keys, and ultimately, access to their funds.
Another major strength of Trust Wallet is its support for over 100 different blockchain networks, including Bitcoin, Ethereum, BNB Chain, Solana, and many more. This makes it a multichain solution capable of handling a wide variety of tokens within a single interface.
Trust Wallet is available as:
- A mobile app for iOS and Android
- A browser extension compatible with Chrome, Brave, Opera, and other Chromium-based browsers
The wallet is free to use and requires no registration or identity verification. To get started, users simply generate or import a seed phrase.
The History of Trust Wallet — A Path to Success
Trust Wallet was launched in 2017 as a mobile Ethereum wallet. From the beginning, its goal was to offer users a simple and intuitive way to manage digital assets without relying on intermediaries.
In 2018, Binance acquired Trust Wallet, marking a major milestone in its development. The partnership with the world’s largest crypto exchange accelerated growth — the team expanded, new resources became available, and key features such as multichain integration were introduced.
According to a Binance report, Trust Wallet reached 5 million users by the end of 2020. In March 2023, the team announced that the wallet had surpassed 80 million users globally.
Later that year, in late 2023, Binance fully exited its ownership stake, and Trust Wallet became an independent legal entity with no affiliation to the Binance Group. This transition reinforced its identity as a standalone Web3 project, free from centralized influence.
Following this shift, Trust Wallet’s popularity continued to grow. By September 2024, the number of users had exceeded 140 million, and by March 2025, the app had recorded 200 million downloads — cementing its status as the most widely used non-custodial crypto wallet in the world.
For a deeper dive into the project’s journey, see the article “Trust Wallet: From Startup to Leading Crypto App.”
Trust Wallet’s Expanded Web3 Capabilities
Trust Wallet’s core features — non-custodial design, cross-platform accessibility, and support for 100+ blockchain networks — are central to its appeal. However, here are other capabilities that helped fuel its popularity, including:
- Buy and sell crypto directly, so users can purchase and sell digital assets within the app using a bank card, thanks to integrations with providers like MoonPay, Mercuryo, and others.
- Built-in dApp browser when mobile app includes a browser for interacting with decentralized applications (dApps), DeFi platforms, NFT marketplaces, staking pools, and other Web3 services — all without leaving the app.
- NFT support for users to store, view, and send NFTs, making it easy to manage digital collectibles and participate in ecosystems related to art, gaming, and tokenized assets.
- Integrated staking as the wallet allows users to stake cryptocurrencies directly and earn passive income.
For those looking to get started, check our step-by-step guide about Trust Wallet’s core features.
Why Millions Continue to Choose Trust Wallet
The rise in self-custody solutions reflects a broader trend in the crypto space, driven by increasing regulatory scrutiny and growing concerns about centralized platforms. In this environment, Trust Wallet has become a versatile tool appealing to a broad spectrum of users:
- For beginners, it offers an intuitive interface and simple setup. All core functions are accessible in just a few taps.
- For advanced Web3 users, it is an all-in-one solution that supports the most common use cases across crypto and blockchain ecosystems.
- For privacy and self-sovereignty advocates, Trust Wallet is especially valued. These users appreciate that the wallet requires no registration, collects no personal data, and shares nothing with third parties, ensuring users maintain full control over their keys.
Trust Wallet’s continued growth is also fueled by an active global community and a steady cadence of product updates, helping ensure long-term security and relevance in a fast-evolving market.
While other self-custody wallets are available, Trust Wallet’s momentum, scale, and product innovation position it as a market leader well into the future.
