Phantom vs Trust Wallet Trust Wallet leads by 2 points.
Trust Wallet scores 2 points above Phantom, led by clear signing. Phantom ranks #4 and Trust Wallet #3 of 11 published wallets. Every term of the gap is on the ledger below; the inputs are on the audit receipt.
Phantom78
vs
Trust Wallet80
Scores are out of 100; published scores fall within 41–99 · ranks #4 and #3 of 11
Trust Wallet scores 2 points above Phantom, led by clear signing.
Phantom #4 of 1178
Trust Wallet #3 of 1180
Scores are out of 100; published scores fall within 41–99; a bar is empty at 41 and full at 99.
Why, term by termTrust Wallet leads on 1 of 4 published criteria; Phantom on 0. The terms sum to the gap.
TermTrust WalletPhantomWeightPoints
Clear signing8/107/107.2+1.9for Trust Wallet+1.0 of 32
Net of the terms+1.9
Criteria roundingThe criteria block is rounded to whole points before it is spread+0.2
Reproduced gap+2.1
Published gapAfter score rounding and bounds — see the note below8078+2.0
Weight is in points of the 86-point weighted total. Points are score points of the gap between the two.
Trust WalletScore 80Mainstream self-custody mobile wallet with a genuinely documented simulate-and-decode signing screen on both platforms — but whose browser extension was supply-chain compromised in December 2025, still cannot export a raw private key, and whose audit register and security page carry no account of its own 2023 key-generation flaw.Strength: Key export — 8/10Watch-out: Read the vendor's own v2.68 post-mortem before you install the browser extension: https://trustwallet.com/blog/company/trust-wallet-browser-extension-v268-incident-community-update. Between 24 and 26 December 2025 an attacker published a backdoored build of the extension straight to the Chrome Web Store using a leaked API key, bypassing Trust Wallet's internal review; the vendor confirms 2,520 wallet addresses drained and approximately $8.5m in assets impacted. Reimbursement is promised but not finished: as of the post's last update on 17 July 2026 it still reads "We are finalizing the reimbursement workflow and ownership verification process", against "over 5,000 claims" for 2,520 verified addresses, and the page's own description calls itself "A work-in-progress update". The extension is also the weaker half of the product on exit: Developer Mode, the only documented private-key export, is "not available on Browser Extension". Separately, no vendor account of the 2022-23 key-generation flaw (CVE-2023-31290, exploited in the wild in December 2022 and March 2023) appears on its security-audit register or its /security page, both re-read on 2026-09-28, despite a published policy that remediated vulnerabilities will be disclosed. If you want Trust Wallet, the mobile app is the surface the evidence supports; treat the extension as the higher-risk, lower-portability half.PhantomScore 78The Solana-native software wallet turned multichain money app, whose default new-user account now keeps its private key in a Phantom-run enclave that will not export it.Strength: Key export — 8/10Watch-out: Read 'Understanding Phantom KMS' before you commit, because the wallet a new user actually gets is not the wallet the reviews describe. The documented default is "create a new wallet with Google or Apple", and those wallets run on Phantom KMS, where "Wallet keys are stored remotely in a secure enclave, not on your device" and "the Show Private Key option is not available for these accounts." Every signature on that account is a request to Phantom's KMS API, authorised in a vendor-run Policy Engine enclave before a Signer enclave returns the signature - and no published audit covers KMS, because the audit repository has not been pushed since 2024-07-05. Since the August 2026 migration your Google or Apple account is the single factor protecting the wallet, and the vendor's own documentation has not caught up: one page (2026-08-15) says the four-digit PIN is gone while three others (2026-06-12, 2026-07-12 and the 2026-08-16 sign-in page itself) still require or prompt for it. The mitigation is real, portable and easy to skip: export the 12-word BIP-39 phrase from Settings > Security & Privacy > Show Recovery Phrase the day you install, because Phantom states it "works in any compatible wallet app" and, without it, "If you are logged out of Phantom on all devices and can't access your Google or Apple account, your wallet cannot be recovered." Two further traps: restoring by Google or Apple "restores only your first account automatically, regardless of how many accounts your wallet had before", so a multi-account user should restore from the phrase instead; and if you want keys on your own device from the start you must onboard on the browser extension, because a recovery-phrase wallet cannot be created in the mobile app at all.
Quick facts
At a glance
3 of 4 rows read the same for both.
FactPhantomTrust Wallet
PricingSnapshotSwap fees, from help.phantom.com/articles/5985106844435 (fetched 28 October 2026): Phantom fee "0.85%, applies to most swaps. Some flows, such as deposits to your perps balance, and swaps from USDC , USDT , USDG , PYUSD into your Cash account, do not carry this fee." Network fee "Varies, and may be sponsored if the swap is gasless." The same page sets a floor: "Cross-chain swaps and swaps on Robinhood Chain may have a minimum of $2 (USD value)." The client itself is free: "Download Phantom for free on iOS, Android, or as a browser extension at phantom.com/download ." (help.phantom.com/articles/36482144712083, fetched 28 October 2026). Cash-account rails are priced separately on help.phantom.com/articles/44800531617939 (fetched 28 October 2026): add cash by debit card "1.75%", credit card "3.50%", direct deposit from a US bank account "0.30%", domestic wire from a US bank account "1.00%", standard ACH withdrawal "Free", fast ACH withdrawal "$1.00 flat + 0.75% (min $1.50)".The wallet is free: "Yes. Trust Wallet is free to download and use on iOS, Android and as a browser extension. Network and service fees apply to transactions such as swaps or buying crypto, and they are shown before you confirm." (FAQ answer in the structured data of trustwallet.com, fetched 28 October 2026). No Trust Wallet swap rate is published on any vendor page loaded on 28 October 2026 — the homepage fee sentence recorded in August, which stated separate stablecoin and other-token swap rates, is gone — and the vendor's own statements now conflict. The swap page says "No, Trust Wallet does not charge any additional service fees for swaps. Any swap fees incurred by users for swapping would be network gas fees and third-party provider fees, which are independent of Trust Wallet." (trustwallet.com/swap, fetched 28 October 2026), and the help centre repeats "Trust Wallet does not charge a service fee - fees shown are from the routing protocol and the underlying networks." (support.trustwallet.com/en/articles/717169-how-to-perform-cross-chain-swaps-in-trust-wallet, fetched 28 October 2026). Yet a campaign post dated 27 August 2026 says "When you swap one eligible stablecoin for another on the same chain, the Trust Wallet swap fee is 0%" and "Each of those swaps normally carries a fee." (trustwallet.com/blog/campaigns/swap-selected-stablecoins-with-0-fees-on-trust-wallet), and a second, dated 16 September 2026, offers "0% Trust Wallet swap fees" on eligible staked and wrapped pairs (trustwallet.com/blog/campaigns/wap-staked-assets-with-0-fees-on-trust-wallet). Read the fee line on the in-app quote; the vendor publishes no percentage.
Asset coverageEditorial——
Region fitSnapshotglobalglobal
Custody modelEditorialSelf-custody: the vendor cannot move funds without your keySelf-custody: the vendor cannot move funds without your key
From the published criteria
Which should you pick?
Phantom
78#4 of 11
Pick it when
Phantom leads Trust Wallet on no published criterion and no score dimension — pick it only if a fact outside the score (country, funding rail, custody) decides for you.
Strength
Key export — 8/10
Tradeoff
Read 'Understanding Phantom KMS' before you commit, because the wallet a new user actually gets is not the wallet the reviews describe. The documented default is "create a new wallet with Google or Apple", and those wallets run on Phantom KMS, where "Wallet keys are stored remotely in a secure enclave, not on your device" and "the Show Private Key option is not available for these accounts." Every signature on that account is a request to Phantom's KMS API, authorised in a vendor-run Policy Engine enclave before a Signer enclave returns the signature - and no published audit covers KMS, because the audit repository has not been pushed since 2024-07-05. Since the August 2026 migration your Google or Apple account is the single factor protecting the wallet, and the vendor's own documentation has not caught up: one page (2026-08-15) says the four-digit PIN is gone while three others (2026-06-12, 2026-07-12 and the 2026-08-16 sign-in page itself) still require or prompt for it. The mitigation is real, portable and easy to skip: export the 12-word BIP-39 phrase from Settings > Security & Privacy > Show Recovery Phrase the day you install, because Phantom states it "works in any compatible wallet app" and, without it, "If you are logged out of Phantom on all devices and can't access your Google or Apple account, your wallet cannot be recovered." Two further traps: restoring by Google or Apple "restores only your first account automatically, regardless of how many accounts your wallet had before", so a multi-account user should restore from the phrase instead; and if you want keys on your own device from the start you must onboard on the browser extension, because a recovery-phrase wallet cannot be created in the mobile app at all.
Trust Wallet
80#3 of 11
Leads
Pick it when
Pick Trust Wallet if clear signing matters most — it scores 8/10 to Phantom's 7/10 there (weight 30).
Strength
Key export — 8/10
Tradeoff
Read the vendor's own v2.68 post-mortem before you install the browser extension: https://trustwallet.com/blog/company/trust-wallet-browser-extension-v268-incident-community-update. Between 24 and 26 December 2025 an attacker published a backdoored build of the extension straight to the Chrome Web Store using a leaked API key, bypassing Trust Wallet's internal review; the vendor confirms 2,520 wallet addresses drained and approximately $8.5m in assets impacted. Reimbursement is promised but not finished: as of the post's last update on 17 July 2026 it still reads "We are finalizing the reimbursement workflow and ownership verification process", against "over 5,000 claims" for 2,520 verified addresses, and the page's own description calls itself "A work-in-progress update". The extension is also the weaker half of the product on exit: Developer Mode, the only documented private-key export, is "not available on Browser Extension". Separately, no vendor account of the 2022-23 key-generation flaw (CVE-2023-31290, exploited in the wild in December 2022 and March 2023) appears on its security-audit register or its /security page, both re-read on 2026-09-28, despite a published policy that remediated vulnerabilities will be disclosed. If you want Trust Wallet, the mobile app is the surface the evidence supports; treat the extension as the higher-risk, lower-portability half.
Self-identify in 10 seconds
Which one is actually for you?
Phantom
Phantom leads Trust Wallet on no published criterion
Choose it only if something outside the published criteria decides for you — your country, a funding rail, or custody.
PhantomScore 78The Solana-native software wallet turned multichain money app, whose default new-user account now keeps its private key in a Phantom-run enclave that will not export it.Strength: Key export — 8/10Watch-out: Read 'Understanding Phantom KMS' before you commit, because the wallet a new user actually gets is not the wallet the reviews describe. The documented default is "create a new wallet with Google or Apple", and those wallets run on Phantom KMS, where "Wallet keys are stored remotely in a secure enclave, not on your device" and "the Show Private Key option is not available for these accounts." Every signature on that account is a request to Phantom's KMS API, authorised in a vendor-run Policy Engine enclave before a Signer enclave returns the signature - and no published audit covers KMS, because the audit repository has not been pushed since 2024-07-05. Since the August 2026 migration your Google or Apple account is the single factor protecting the wallet, and the vendor's own documentation has not caught up: one page (2026-08-15) says the four-digit PIN is gone while three others (2026-06-12, 2026-07-12 and the 2026-08-16 sign-in page itself) still require or prompt for it. The mitigation is real, portable and easy to skip: export the 12-word BIP-39 phrase from Settings > Security & Privacy > Show Recovery Phrase the day you install, because Phantom states it "works in any compatible wallet app" and, without it, "If you are logged out of Phantom on all devices and can't access your Google or Apple account, your wallet cannot be recovered." Two further traps: restoring by Google or Apple "restores only your first account automatically, regardless of how many accounts your wallet had before", so a multi-account user should restore from the phrase instead; and if you want keys on your own device from the start you must onboard on the browser extension, because a recovery-phrase wallet cannot be created in the mobile app at all.
Trust WalletLeads
Choose Trust Wallet if clear signing matters most
Clear signing: 8/10 against 7/10 for Phantom (weight 30)
Trust WalletScore 80Mainstream self-custody mobile wallet with a genuinely documented simulate-and-decode signing screen on both platforms — but whose browser extension was supply-chain compromised in December 2025, still cannot export a raw private key, and whose audit register and security page carry no account of its own 2023 key-generation flaw.Strength: Key export — 8/10Watch-out: Read the vendor's own v2.68 post-mortem before you install the browser extension: https://trustwallet.com/blog/company/trust-wallet-browser-extension-v268-incident-community-update. Between 24 and 26 December 2025 an attacker published a backdoored build of the extension straight to the Chrome Web Store using a leaked API key, bypassing Trust Wallet's internal review; the vendor confirms 2,520 wallet addresses drained and approximately $8.5m in assets impacted. Reimbursement is promised but not finished: as of the post's last update on 17 July 2026 it still reads "We are finalizing the reimbursement workflow and ownership verification process", against "over 5,000 claims" for 2,520 verified addresses, and the page's own description calls itself "A work-in-progress update". The extension is also the weaker half of the product on exit: Developer Mode, the only documented private-key export, is "not available on Browser Extension". Separately, no vendor account of the 2022-23 key-generation flaw (CVE-2023-31290, exploited in the wild in December 2022 and March 2023) appears on its security-audit register or its /security page, both re-read on 2026-09-28, despite a published policy that remediated vulnerabilities will be disclosed. If you want Trust Wallet, the mobile app is the surface the evidence supports; treat the extension as the higher-risk, lower-portability half.
Criterion by criterion
Scorecard
Published criteria · weight in points of 868 of 8 cells scored. Strength is read from the evidence file; the weight is the published one. Methodology
Key export
weight 6.7 of 86Tie
Phantom8/10 out of 10
Trust Wallet8/10 out of 10
Clear signing
by 1 of 10weight 7.2 of 86Trust Wallet leads
Phantom7/10 out of 10
Trust Wallet8/10 out of 10
Incident record
weight 5.8 of 86Tie
Phantom8/10 out of 10
Trust Wallet8/10 out of 10
Account recovery
weight 4.3 of 86Tie
Phantom7/10 out of 10
Trust Wallet7/10 out of 10
Score dimensions
weights sum to 86
The published score is five dimensions, each weighted for the category. "Published criteria" is the criteria block above; the other four are the engine's own terms — availability, friction, trust record, measured data. Each bar is one side's points out of that dimension's maximum; the weight beside the name is its points of the 86-point weighted total. The published criteria above can fill 24 of the block’s 30. A weight marked “constant here” belongs to a dimension every ranked product in the category holds at the same value: it still counts in the total, and it orders nothing here.
Availabilityweight 20 of 86 · constant here
Phantom14/20Trust Wallet14/20
Tie
Published criteriaweight 30 of 86
Phantom18/30Trust Wallet18.8/30
Trust Wallet leads
Frictionweight 10 of 86 · constant here
Phantom2.7/10Trust Wallet2.7/10
Tie
Trust recordweight 8 of 86 · constant here
Phantom3.2/8Trust Wallet3.2/8
Tie
Measured dataweight 18 of 86 · constant here
Phantom8.3/18Trust Wallet8.3/18
Tie
Decision rulePublished order
Choose Trust Wallet unless the term Phantom leads on is the one you are buying.
Phantom leads Trust Wallet on no published criterion and no score dimension — pick it only if a fact outside the score (country, funding rail, custody) decides for you.
The published order weighs every criterion the same way for everyone. To weigh them your way, run .
From the published order
Next best action
If this isn't your case
Other matchups worth comparing
How you can lose money here, and what the ranking scores
Key failure: your own keys are made, shown or recovered unsafely.
Scored by Can I export my own keys and use them elsewhere? · 28% (Phantom 8/10, Trust Wallet 8/10)
Scored by Can I see exactly what I am signing? · 30% (Phantom 7/10, Trust Wallet 8/10)
Scored by What has gone wrong, and did they publish it? · 24% (Phantom 8/10, Trust Wallet 8/10)
Scored by If I lose my device, how do I get back in? · 18% (Phantom 7/10, Trust Wallet 7/10)
Trust Wallet scores 2 points above Phantom, led by clear signing. Published scores, out of 100: Phantom 78 (rank 4 of 11 wallets), Trust Wallet 80 (rank 3 of 11).
ReviewedRe-read in progressOverdue; re-read by 10 November 2026.Methodology v2026.10.18
How this page is reviewed
Reviewed means both products compared here was read against its sources on or after that date; every ranked category is re-read at least every 45 days. Models research, extract and parse. A deterministic engine ranks. Every quote passes an adversarial refute pass.
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