What is Trust Wallet?

It's a non-custodial wallet app (and browser extension) that holds your keys to many blockchains at once. Non-custodial means you, not a company, hold the secret keys, so you alone control your coins, tokens, and NFTs.

Is Trust Wallet the same as the TWT coin?

No. The wallet is free software, not a blockchain. TWT is a separate token that lives on BNB Smart Chain. Holding TWT lets you vote on which app features get built and earns small perks like discounts on in-app swaps.

How many TWT tokens exist?

The supply is fixed at 1 billion TWT and cannot grow. It started near 90 billion, but about 99% was burned during the 2020 move to BNB Smart Chain. Roughly 416 million were circulating at the time of writing.

Is Trust Wallet still owned by Binance?

Not anymore. Binance bought Trust Wallet in 2018 and ran it as its official wallet, but as of 15 May 2025 it is independent of the Binance Group. The TWT token still lives on BNB Smart Chain, which Binance helped start.

Is the Trust Wallet app free, and do I need TWT to use it?

The app is free to download as a mobile app or browser extension, and it works fully without holding any TWT. Because it is non-custodial, the safety of your coins rests on you keeping your seed phrase private; no one, including Trust Wallet, can recover it for you.

No.199

📒 Codex · BNB-ecosystem token

Trust Wallet TWT

the self-custody keyring

🎭 a pocket vault that opens dozens of blockchains from one screen, yet answers only to you

💸 Payment

ALTROOKIE CODEX

💬 “Hand me your coins from a dozen chains and I'll keep the keys in your pocket, not mine. I can't spend a thing without you, and I like it that way.”

💬 TL;DR

What it is: a non-custodial wallet, an app where you, not a company, hold the secret keys to many blockchains.
2017→2025: built by Viktor Radchenko, bought by Binance in 2018, then spun out on its own in May 2025.
TWT: a separate token on BNB Smart Chain for voting on features and small in-app perks.
Supply is fixed at 1 billion TWT, after about 99% of the original stash was burned in 2020.

📖 The Story

November 2017. An engineer named Viktor Radchenko wanted one app that could hold his coins from many different blockchains without trusting an exchange to babysit them. So he built Trust Wallet: software that keeps the secret keys on your own phone. Whoever holds those keys controls the coins, and Trust Wallet's whole idea is that the holder is you.

July 2018. Binance, then the biggest crypto exchange around, bought Trust Wallet and made it their official self-custody wallet. That gave the little keyring a giant audience, and over time it grew to a reported 70 million-plus users across its mobile app and browser extension.

2020. The team launched a token called TWT. It is not the wallet itself, just a sort of membership coin: hold some and you can vote on which features get built and grab discounts on in-app swaps. The token first lived on Ethereum, then hopped chains, and finally settled on BNB Smart Chain in October 2020. During that last move almost the entire original supply was burned and the cap was locked at 1 billion.

15 May 2025. Trust Wallet became independent of the Binance Group. The keyring still lives on the BNB chain its old parent helped build, but it walks on its own little feet now.

📊 Stats

🔑Self-custody Your keys, your coins

🌐Multi-chain reach Dozens of blockchains in one app

🗳️Token utility Voting + swap discounts

💎Scarcity Fixed cap of 1 billion

🧩Independence On its own since 2025

🧩 How it works

Two things share the name, so it helps to keep them apart. The wallet is an app with no blockchain of its own; it just plugs into chains that already exist (Bitcoin, Ethereum, BNB Chain, and many more) and shows your balances in one place. The TWT token is a small governance coin that lives on one of those chains, BNB Smart Chain.

🔑 Your keys sit in the hub on your phone, 🌐 spokes reach out to many chains at once, and 🔶 the TWT token rides on just one of them, BNB Smart Chain.

🌗 Light & Shadow

🌕 Light

True self-custody. The keys sit on your device, so no exchange can freeze or lose your coins for you
One app for dozens of chains plus tokens, NFTs, and DApps, which keeps a beginner from juggling five wallets
TWT's supply is fixed at 1 billion and cannot be inflated, since it is distributed, not mined

🌑 Shadow

Self-custody cuts both ways: lose your seed phrase and nobody can recover your coins, not even Trust Wallet
TWT is a perks-and-voting token, not the wallet itself; the app works fine if you never hold a single TWT, so its real demand is modest
Tied closely to the BNB ecosystem, so its fortunes lean on that one chain staying healthy and trusted

🧬 Evolution lineage

Trust Wallet is not a fork of another coin or a chain of its own, it is a wallet product. Its family ties run through the Binance/BNB ecosystem: bought by Binance in 2018, TWT issued on BNB Smart Chain, then spun out to independence in 2025.

🔶 BNB 🔑 Trust Wallet

🧭 Meet other friends

🔶 BNB 🥞 PancakeSwap

See the whole codex →

❓ FAQ

What is Trust Wallet?: It's a non-custodial wallet app (and browser extension) that holds your keys to many blockchains at once. Non-custodial means you, not a company, hold the secret keys, so you alone control your coins, tokens, and NFTs.
Is Trust Wallet the same as the TWT coin?: No. The wallet is free software, not a blockchain. TWT is a separate token that lives on BNB Smart Chain. Holding TWT lets you vote on which app features get built and earns small perks like discounts on in-app swaps.
How many TWT tokens exist?: The supply is fixed at 1 billion TWT and cannot grow. It started near 90 billion, but about 99% was burned during the 2020 move to BNB Smart Chain. Roughly 416 million were circulating at the time of writing.
Is Trust Wallet still owned by Binance?: Not anymore. Binance bought Trust Wallet in 2018 and ran it as its official wallet, but as of 15 May 2025 it is independent of the Binance Group. The TWT token still lives on BNB Smart Chain, which Binance helped start.
Is the Trust Wallet app free, and do I need TWT to use it?: The app is free to download as a mobile app or browser extension, and it works fully without holding any TWT. Because it is non-custodial, the safety of your coins rests on you keeping your seed phrase private; no one, including Trust Wallet, can recover it for you.

⚠️ Not investment advice. All figures are for information only