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BlueWallet vs Trust Wallet

Comparing
two wallets
Decided by
Editorial rating
Last reviewed
2026-08-25
BlueWallet4.2Bitcoin-only

Bitcoin-only phone wallet with real coin control and multisig vaults, whose Lightning side is custodial unless you run the server yourself.

Trust Wallet2.9

Use the phone app, think twice about the extension: an attacker published a malicious build of it on December 24, 2025.

Verdict: BlueWallet

BlueWallet rates higher on our rubric: 4.2 against 2.9 for Trust Wallet.

Criterion
Editorial rating
BlueWallet
4.2
Trust Wallet
2.9

BlueWallet and Trust Wallet, fact by fact

Every row is from the two reviews as of their review dates, with sources on each. A check marks the side a decidable criterion favours; rows without one are information, not a score.

BlueWallet and Trust Wallet compared fact by fact from their reviews; a check marks the side a decidable criterion favours.
FactBlueWalletTrust Wallet
Editorial rating4.2 (favoured on this row)2.9
StatusAvailableAvailable
Made byBlueWalletTrust Wallet
PriceFree downloadFree download
Who holds the keysself-custodial on-chain, while a Lightning balance is only as self-custodial as the LNDHub server behind itself-custodial, keys generated on your own device and never held by Trust Wallet
Bitcoin-onlyYesNo
Runs oniOS, AndroidiOS, Android, Browser extension
ScreenNot statedNot stated
ConnectivityTalks to public Electrum servers or one you run; Lightning needs an LNDHub server, yours or someone else'sNot stated
ReleasedBlueWallet dates itself to the 2017 fork wars; the iOS and Android apps followed2017
Countries on the maker's listNo published list228
Last reviewed2026-08-252026-08-25

Pros and cons, side by side

BlueWallet

What works

  • Bitcoin only, open source and free, from the App Store, Google Play or a direct download
  • Genuine coin control: label and freeze individual coins, batch sends, and speed up or cancel with RBF and CPFP
  • Signs for Coldcard, Passport, Jade, Keystone and other PSBT hardware wallets, and runs watch-only so keys never touch the phone
  • Multisig vaults for larger holdings, documented step by step by the project
  • Connects to your own Electrum server, so you do not have to hand your addresses to a stranger's
  • Plausible deniability storage for a forced-disclosure situation

What to watch

  • A Lightning wallet here is an account on an LNDHub server, and whoever runs it can move those funds
  • Running your own LNDHub means a VPS or a home node, which is far past what most phone users will do
  • Lightning funds are not covered by the on-chain recovery phrase and need a separate backup
  • A hot wallet on a phone, so device malware or an unlocked screen reaches what the app can spend

Trust Wallet

What works

  • Keys are generated on your device, and Trust Wallet's terms describe it as non-custodial software rather than an account
  • The mobile apps were untouched by the December 2025 browser extension compromise
  • Trust Wallet published a dated timeline that names its own leaked publishing key as the way in
  • It decided to reimburse affected users voluntarily and put the process in writing
  • One app holds bitcoin alongside Ethereum, Solana and hundreds of other chains

What to watch

  • An attacker shipped a malicious build of the Chrome extension directly to users, so installing it means trusting a publishing pipeline that has failed once
  • Trust Wallet counts 2,520 affected addresses against over 5,000 reimbursement claims, and reviews them case by case with no published deadline
  • Keys sit on an internet connected phone, so this is a hot wallet: savings belong on a hardware wallet instead
  • Bitcoin is one chain among hundreds, and the interface is built around tokens and dapps rather than around bitcoin
  • The Earn feature is unavailable in 33 countries and territories, including the United States, the United Kingdom and most of the European Economic Area

Frequently asked questions

Is BlueWallet or Trust Wallet better?

BlueWallet rates higher on our rubric: 4.2 against 2.9 for Trust Wallet. The rating follows the product rubric published on our about page; the rows above set custody, price and platforms side by side so you can check it.

Are BlueWallet and Trust Wallet free?

Yes, both are free to download. What differs is who holds the keys: BlueWallet is self-custodial on-chain, while a Lightning balance is only as self-custodial as the LNDHub server behind it; Trust Wallet is self-custodial, keys generated on your own device and never held by Trust Wallet.

Is BlueWallet or Trust Wallet bitcoin-only?

BlueWallet is bitcoin-only; Trust Wallet supports other assets too. Bitcoin alongside Ethereum, Solana and hundreds of other chains and tokens

The full reviews: BlueWallet and Trust Wallet, each with its sources, and every wallet we review.

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