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Exodus vs Trust Wallet

Comparing
two wallets
Decided by
Editorial rating
Last reviewed
2026-08-26
Exodus2.8

The best looking wallet on this list, from an NYSE listed company, with closed source apps and swap rates starting at 0.5%.

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: Trust Wallet

Trust Wallet rates higher on our rubric: 2.9 against 2.8 for Exodus.

Criterion
Editorial rating
Exodus
2.8
Trust Wallet
2.9

Exodus 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.

Exodus and Trust Wallet compared fact by fact from their reviews; a check marks the side a decidable criterion favours.
FactExodusTrust Wallet
Editorial rating2.82.9 (favoured on this row)
StatusAvailableAvailable
Made byExodus Movement, Inc.Trust Wallet
PriceFree downloadFree download
Who holds the keysself-custodial, keys generated and encrypted on your own deviceself-custodial, keys generated on your own device and never held by Trust Wallet
Bitcoin-onlyNoNo
Runs oniOS, Android, Windows, macOS, Linux, Browser extensioniOS, Android, Browser extension
ScreenNot statedNot stated
ConnectivityNot statedNot stated
Released20152017
Countries on the maker's listNo published list228
Last reviewed2026-08-262026-08-25

Pros and cons, side by side

Exodus

What works

  • One recovery phrase carries the same wallet across desktop, mobile and a browser extension
  • Pairs with a Trezor or a Ledger, so it can be a friendly front end for keys held offline
  • Buying built in through XO Ramp with card, bank transfer, Apple Pay or Google Pay
  • Publicly listed on the NYSE as EXOD, so the company behind it files real financials
  • Device passkey locking, with no password to reuse or leak

What to watch

  • The wallet apps are closed source, so you cannot rebuild what you install and compare it to published code
  • In-app swap rates start at 0.5% and that cost is a spread inside the quote rather than a visible fee
  • Settled with OFAC for $3.1 million in December 2025 over 254 apparent violations of the Iran sanctions program, with staff found to have suggested VPN workarounds to users in Iran
  • A hot wallet unless you pair hardware, with keys on an internet connected machine
  • Bitcoin gets no special treatment in a wallet that advertises over a million assets

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 Exodus or Trust Wallet better?

Trust Wallet rates higher on our rubric: 2.9 against 2.8 for Exodus. 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 Exodus and Trust Wallet free?

Yes, both are free to download. What differs is who holds the keys: Exodus is self-custodial, keys generated and encrypted on your own device; Trust Wallet is self-custodial, keys generated on your own device and never held by Trust Wallet.

Is Exodus or Trust Wallet bitcoin-only?

Neither: both support assets beyond bitcoin. Exodus: Bitcoin among the million-plus assets Exodus advertises, including Ethereum, Solana and stablecoins. Trust Wallet: Bitcoin alongside Ethereum, Solana and hundreds of other chains and tokens.

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

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