Trust Wallet vs Wallet of Satoshi

Comparing: two wallets
Decided by: Editorial rating
Last reviewed: 2026-08-25

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

The easiest Lightning wallet to start with, and a custodial one: the company holds your coins, and it has stopped offering that in the US and the EU.

Verdict: Trust Wallet

Trust Wallet rates higher on our rubric: 2.9 against 2.7 for Wallet of Satoshi.

Criterion: Editorial rating
Trust Wallet: 2.9
Wallet of Satoshi: 2.7

Trust Wallet and Wallet of Satoshi, 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.

Trust Wallet and Wallet of Satoshi compared fact by fact from their reviews; a check marks the side a decidable criterion favours.
Fact	Trust Wallet	Wallet of Satoshi
Editorial rating	2.9 (favoured on this row)	2.7
Status	Available	Caution: see the review
Made by	Trust Wallet	Living Room of Satoshi Pty Ltd
Price	Free download	Free download
Who holds the keys	self-custodial, keys generated on your own device and never held by Trust Wallet	custodial in its default mode, meaning the company holds the keys, with a separate self-custodial mode where you do
Bitcoin-only	No	Yes
Runs on	iOS, Android, Browser extension	iOS, Android
Screen	Not stated	Not stated
Connectivity	Not stated	Not stated
Released	2017	The custodial service left the US on November 23, 2023 and the European Union at the turn of 2026
Countries on the maker's list	228	No published list
Last reviewed	2026-08-25	2026-08-25

Pros and cons, side by side

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

Wallet of Satoshi

What works

The fastest way onto Lightning there is: no channels, no liquidity management and no node to run
Free Lightning address that reads like an email, so anyone can pay you without scanning a code
Pays Lightning invoices and on-chain bitcoin addresses from the same box, detecting which you pasted
A self-custodial mode is offered everywhere, including in regions where the custodial one is not
No breach of its custodial infrastructure has been publicly reported

What to watch

Custodial in its default mode, so the company can freeze, lose or stop serving your balance
Left the US market on November 23, 2023 and has not announced a return
Withdrew the custodial service across the European Union at the turn of 2026, pushing EU users into self-custody
No published country list, so which mode you get is decided by the app rather than by a page you can read first
In-app buying runs through third-party partners whose country coverage changes without the wallet saying anything

Frequently asked questions

Is Trust Wallet or Wallet of Satoshi better?

Trust Wallet rates higher on our rubric: 2.9 against 2.7 for Wallet of Satoshi. 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 Trust Wallet and Wallet of Satoshi free?

Yes, both are free to download. What differs is who holds the keys: Trust Wallet is self-custodial, keys generated on your own device and never held by Trust Wallet; Wallet of Satoshi is custodial in its default mode, meaning the company holds the keys, with a separate self-custodial mode where you do.

Is Trust Wallet or Wallet of Satoshi bitcoin-only?

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

Does Trust Wallet or Wallet of Satoshi carry a warning?

Wallet of Satoshi: Wallet of Satoshi pulled its app from US app stores and stopped serving US customers on November 23, 2023, then withdrew its custodial Lightning service across the European Union at the turn of 2026, as the MiCA transition periods and the DAC8 reporting rules closed in on custodial providers. EU users are offered the self-custodial mode instead. Wherever the custodial mode is still available, the company holds the keys, which is the risk to weigh before you put money in it.

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

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