Can Trust Wallet Be Hacked? (& What To Do About It)
If you’re crypto savvy, then you’re not new to Trust Wallet because the wallet has created a reputation for itself within the crypto space as one of the first decentralized wallets. Trust Wallet is a decentralized wallet that allows users to save their cryptocurrencies while also allowing them to be able to perform transactions otherwise known as swaps with those cryptocurrencies. Since it’s a decentralized wallet, a lot of users wonder if Trust Wallet can be hacked which brings us to ask if Trust Wallet can be hacked.
Trust Wallet is a highly secure wallet that tends to be quite difficult to crack by hackers due to the firewalls and security of the wallet. However, being highly secure doesn’t mean it’s impossible to decrypt Trust Wallet but to do this, the hackers need to have access to your private keys.
In this article, we’ll talk about Trust Wallet’s security and if the decentralized wallet can be hacked by hackers if they get your private keys. I’ll also discuss some security measures you can take to protect your wallets from being hacked by scammers.
Can Trust Wallet Be Hacked?
In terms of security measures, Trust Wallet provides the best security measures to protect users’ wallets and keep them safe from hackers attempting to hack user wallets and steal cryptocurrencies in the wallet hence Trust Wallet cannot be hacked.
However, when you open a Trust Wallet account, you’ll be required to keep your private keys safe on the cloud or someone no one can access to prevent the keys from being stolen because the only way the wallet can be hacked is if the private keys are gotten by hackers.
If your private keys ever fall in the hands of hackers, you may be at risk of being hacked because the private keys serve as your user ID details so if these keys are gotten by hackers, it’s easier for them to get access your wallet by just entering the private keys and logging in.
However, if you keep your private keys securely, the risk of your account getting hacked is very minimal because Trust Wallet provides the required security measures to keep your account entirely secured.
Asides from accessing your private keys, another way your Trust Wallet may be hacked is if your wallet is connected to a third-party hacker domain. Usually, on the backend, whenever you connect your wallet to a third-party domain, you’re expected to perform whatever transactions you want to in the website and go on to your Trust Wallet settings to disconnect from the domain. Keeping your wallet connected to an untrusted domain may put your wallet at risk of being hacked if the domain is a suspicious one.
Asides from these, Trust Wallet cannot be hacked by hackers. The above reasons why Trust Wallet may be hacked are meant to be managed by the user because Trust Wallet advises users on these potential security leaks on their website.
Is Trust Wallet Secure?
As regards the security measures imposed by Trust Wallet’s security team, Trust Wallet can be said to be very secure. But regardless of security protocols, we all know anything connected to the internet is vulnerable and liable to being hacked. So Trust Wallet is secure enough from hackers to not be able to access it except there’s a breach on the backend or a leak in user data.
However, since Trust Wallet’s launch, Trust Wallet’s user data server hasn’t been breached and there have been no recipes of hacks yet so we can say Trust Wallet still proves to be one of the most secure wallets in the crypto space.
This doesn’t stop users from also taking basic security measures like keeping their private keys secured and inaccessible to third parties while also making sure that whenever they connect their Trust Wallet to a third-party decentralized application, they remember to always disconnect the wallet from the third party decentralized application via the wallet’s settings. Taking these basic security measures seriously definitely keeps your wallet from being hacked.
Is It Safe To Use Trust Wallet?
Yes, it is safe to use Trust Wallet if every user applies the basic security measures to their Trust Wallet. Since Trust Wallet is a decentralized wallet, users have the notion of the wallet being easy to hack and unsafe, however, these assumptions are wrong because Trust Wallet provides all required security measures to keep user information safe. It’s only left to the users to apply basic security measures like keeping their private keys secured and disconnecting their wallets from third-party decentralized apps to keep their wallets safe and secure from hacks.
Hackers usually need a little leak or mistake done by the company or the user to gain access to your wallet.
So to be on the safer side, refrain from connecting your wallet to unsecured third-party decentralized applications because, in the process of connecting, the application collects your ID to register it on its backend so as to get all the details of the cryptocurrencies you have in your wallet. So if you connect to an unsecured decentralized application, then you’re at risk of being hacked.
This is one of the major ways hackers use to gain access to accounts, hack them, and move all the cryptocurrencies in the wallet.
Can Trust Wallet Be Traced?
No, Trust Wallet cannot be traced because Trust Wallet is a digital wallet system designed to be highly anonymous. This means there’s no record of Trust Wallets being created on the internet that can be accessed by third-party websites or bodies except by Trust Wallet itself. And except if the user allows third-party access to their wallets, the wallet cannot be traced.
So if you’re worried about your Trust Wallet being traceable, it’s impossible for third-party or governmental bodies to trace the wallet. You can only be traced via transactions made meaning bodies can only see information on the blockchain that your wallet performed a transaction but they cannot determine your identity from this because you’re kept anonymous on the blockchain.
How To Stop My Wallet From Being Hacked?
There are several ways you can keep your wallet secured. But the first measures you should take are the basic security measures that keep your wallet secured. Here are the security measures:
- Keep your private keys secured from places where people can access your details. Make sure to save your details in a secure and encrypted file or on the cloud where no one has access to it.
- Always remember to disconnect your wallet from third-party decentralized applications after performing your transactions on the applications. To do this, go to your wallet settings and disconnect your wallet from all the decentralized applications (DAPPS) you’ve connected the wallet to before.
Just in case you sense some threat or your wallet being potentially hacked, here are security measures you can consider:
- Monitor your notifications and change your password immediately.
- Nice your cryptocurrency to a different digital wallet before it gets stolen by hackers.
- Contact Trust Wallet support to help you keep your wallet secured.
- Move your cryptocurrency to a cold storage wallet that’s completely offline and secured.
Whenever you sense a breach in your wallet security, you may need to be lucky to beat the hackers to perform any of these security measures above, but make sure to always be online and adhere to the above security measures aptly.