Hot wallet

Phantom vs Trust Wallet

Same kind of product, two profiles. Affiliate status is not how this page is ordered.

Phantom

Phantom is a hot wallet best known on Solana, with support it has extended to other networks. Fees for in-app swaps were not verified, so this profile does not quote one.

Official site

Trust Wallet

Trust Wallet is a multichain hot wallet. The current swap fee, corporate ownership, and a full chain count were not verified, so those figures are omitted.

Official site

Facts

Phantom and Trust Wallet facts
Fact	Phantom	Trust Wallet
Custody	Phantom says recovery-phrase wallets and Google or Apple sign-in wallets are both self-custodial. Phantom does not hold the recovery phrase or the private keys. Verified 2026-10-26	Trust Wallet says you hold the private keys and that Trust Wallet does not. Verified 2026-10-26
Platforms	Free on iOS, Android, and as a browser extension. Verified 2026-10-26	iOS, Android, and a browser extension. Verified 2026-10-26
Recovery	A recovery-phrase wallet uses a 12-word phrase. Phantom says that phrase is the root of the private keys, and that a device password or biometrics does not replace it. Verified 2026-10-26	—
Networks	—	Trust Wallet's FAQ names Bitcoin, Ethereum and other EVM networks, Solana, TRON, and TON among the chains in the app. Verified 2026-10-26
Backup	—	The secret phrase is the offline backup. An encrypted iCloud or Google Drive copy is optional, and Trust Wallet says it cannot reset that password. Verified 2026-10-26

Phantom sources

Custody

Verified 2026-10-26

Phantom says recovery-phrase wallets and Google or Apple sign-in wallets are both self-custodial. Phantom does not hold the recovery phrase or the private keys.

Source

Platforms

Verified 2026-10-26

Free on iOS, Android, and as a browser extension.

Source

Recovery

Verified 2026-10-26

A recovery-phrase wallet uses a 12-word phrase. Phantom says that phrase is the root of the private keys, and that a device password or biometrics does not replace it.

Source