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Mycelium vs Trust Wallet

Comparing
two wallets
Decided by
Editorial rating
Last reviewed
2026-08-25
Mycelium3.7

One of the oldest bitcoin wallets still shipping, strong on Android with deep UTXO control, and an iPhone build nobody has verified.

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: Mycelium

Mycelium rates higher on our rubric: 3.7 against 2.9 for Trust Wallet.

Criterion
Editorial rating
Mycelium
3.7
Trust Wallet
2.9

Mycelium 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.

Mycelium and Trust Wallet compared fact by fact from their reviews; a check marks the side a decidable criterion favours.
FactMyceliumTrust Wallet
Editorial rating3.7 (favoured on this row)2.9
StatusAvailableAvailable
Made byMyceliumTrust Wallet
PriceFree downloadFree download
Who holds the keysself-custodial, keys generated and held on the phone, recoverable only from a backup you write downself-custodial, keys generated on your own device and never held by Trust Wallet
Bitcoin-onlyNoNo
Runs oniOS, AndroidiOS, Android, Browser extension
ScreenNot statedNot stated
ConnectivityOptional Tor, connection to your own Bitcoin node, NFC, and hardware wallet support for Trezor, Ledger and KeepKeyNot stated
ReleasedAndroid on July 1, 2013 and iPhone on December 17, 2014, per WalletScrutiny2017
Countries on the maker's listNo published list228
Last reviewed2026-08-252026-08-25

Pros and cons, side by side

Mycelium

What works

  • Shipping on Android since July 1, 2013, one of the longest unbroken runs of any mobile bitcoin wallet
  • Real UTXO control on a phone: unspent output visibility, fee bumping, watch-only and single-address savings accounts
  • Passed all seven of WalletScrutiny's wallet tests, including public source code and an unobfuscated binary
  • Hardware wallet support for Trezor, Ledger and KeepKey, plus spending directly from paper wallets
  • Direct APK download, an Obtainium link and a published signing certificate, so Google Play is not the only way in
  • Optional Tor and your own node, with each third-party service able to be turned off on its own

What to watch

  • The iPhone app trails badly: WalletScrutiny lists 3.22.0.2 for Android against 2.10 for iPhone
  • Mycelium's iOS source repository on GitHub is archived, with no commits since June 2024
  • WalletScrutiny says no iOS build has ever been reproduced, so the reproducibility claim covers Android and not iPhone
  • WalletScrutiny discloses that its own authors have contributed to Mycelium, so its verdict is not fully independent
  • No longer bitcoin only: Ethereum and ERC-20 accounts add code a bitcoin-only wallet does not carry
  • Dated interface, and support runs through a single email address with no live channel

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 Mycelium or Trust Wallet better?

Mycelium rates higher on our rubric: 3.7 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 Mycelium and Trust Wallet free?

Yes, both are free to download. What differs is who holds the keys: Mycelium is self-custodial, keys generated and held on the phone, recoverable only from a backup you write down; Trust Wallet is self-custodial, keys generated on your own device and never held by Trust Wallet.

Is Mycelium or Trust Wallet bitcoin-only?

Neither: both support assets beyond bitcoin. Mycelium: Bitcoin first, with Ethereum and ERC-20 accounts in the same app. Trust Wallet: Bitcoin alongside Ethereum, Solana and hundreds of other chains and tokens.

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

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