Exodus and Trust Wallet are two highly reputable non-custodial crypto wallets, each offering many benefits, extensive crypto support, and state-of-the-art security. They are two of the most actively used wallets, too, with around 15 million monthly users combined.
However, with both being such highly praised options, how do you decide which one to choose? Well, that’s precisely what we’re here to find out.
In this detailed Exodus vs Trust Wallet analysis, we compare their supported coins, fees, security, key features, withdrawals, and so much more.
Exodus vs. Trust Wallet Comparison Summarized
Exodus and Trust Wallet are two non-custodial hot wallets covering broadly the same range of functions, including storing, swapping, buying, selling, staking, sending, and receiving cryptocurrencies. However, there are still differences between them.
Notably, Exodus offers slightly better security, as seen in its excellent track record. At the same time, Trust Wallet accommodates a more extensive range of cryptocurrencies, as it supports over 100 blockchains, compared to Exodus’ 50+.
Both wallets are available as mobile apps for iOS and Android, as well as browser extensions. However, Exodus also offers a desktop app, which is a big plus for desktop users.
The fee system is essentially the same, with the main differences coming from the third parties they partner with and their unique fees. Both let you easily swap and stake cryptos, though Trust Wallet offers a larger selection of cryptos to stake.
Exodus provides better customer service, as it lets you reach out to human agents through a live chat feature, while Trust Wallet relies mainly on chatbots and a ticketing system.
| Exodus | Trust Wallet | |
| Devices | Desktop software
Mobile app Browser extension |
Mobile app
Browser extension |
| Operating Systems | iOS, Android, macOS, Windows, Linux, browsers like Chrome and Brave | iOS, Android, browsers like Chrome, Opera, Brave, and Edge |
| Custodianship | Non-custodial | Non-custodial |
| Supported Coins | Initial support for over 270 cryptos, more than 50 networks, and unlimited tokens | Supports over 100 networks and more than 10 million assets |
| Supported Transactions | Store, buy, sell, send, receive, swap, stake | Store, buy, sell, send, receive, swap, stake |
| Crypto Purchase Fees | Debit/credit card fees up to 5.45%, payments processed by Ramp | Fees determined by third-party providers + 1% fee on in-app purchases (wave it by holding 100 $TWT) |
| Gas Fee | No known markup | No known markup |
| Swapping | Yes, free of charge | Yes, free of charge |
| Staking | Yes, on 13 cryptos | Yes, on 26 cryptos |
| NFT Support | Yes | Yes |
| Hardware Wallet Support | Yes, Trezor | Yes, Ledger |
Supported Coins
- Exodus rating: 9/10
- Trust Wallet rating: 10/10
Exodus and Trust Wallet support hundreds of thousands, if not millions, of coins and tokens.
Exodus offers initial support for more than 270 cryptos, including popular coins like Bitcoin, Ethereum, USDT, Binance Coin, XRP, Solana, Dogecoin, Cardano, and Tron, and will let you store countless other tokens based on the most popular Web3 networks.
Trust Wallet states that it supports over 10 million assets, most of which are tokens you’ve never heard of, but it’s great that you have the option to store practically any token you find.
Both are clearly great in this regard, but Trust Wallet is slightly better as it supports assets from more than 100 blockchains, while Exodus covers over 50 networks. Aside from that, Trust Wallet lets you store hundreds of millions of NFTs, while Exodus enables you to do the same with the help of its NFT Gallery.
Are Exodus & Trust Wallet Centralized or Decentralized?
- Exodus rating: 10/10
- Trust Wallet rating: 9/10
Both Exodus and Trust Wallet are decentralized, non-custodial hot crypto wallets. Non-custodial wallets provide full access to the user, letting them keep complete control of their keys so they can easily prove that they are the sole owners of their crypto assets. Exodus and Trust Wallet are among the most popular and definitely the best non-custodial crypto wallets.
Exodus is decentralized on any device you use, be it the app, desktop client, or browser extension. The wallet doesn’t keep your personal information, and all the data, including the keys, are stored locally on your device.
Moreover, Exodus incorporates a decentralized cryptocurrency exchange.
Trust Wallet is essentially the same, giving you the ability to store your sensitive information locally on the device you’re using.
However, on the computer, Trust only offers the browser extension, unlike Exodus, which also sports a dedicated desktop client.
Lastly, it’s worth noting that both options give you a 12-word backup phrase for restoring access to your funds. Remember that you need to keep the words stored safely in the analog world, like on a piece of paper (remember to write it with a non-erasable pen).
Note: Here are some expert tips on how to secure your crypto wallet.
Exodus vs. Trust Wallet Fees
- Exodus rating: 8/10
- Trust Wallet rating: 8/10
Like most hot wallets, Exodus and Trust Wallet are free to set up and use. However, there are some fees to consider.
Let’s start with Exodus. No platform fees are associated with this wallet when sending crypto, but you do have to pay the blockchain fees, as you would for any crypto transaction on other wallets or exchanges.
There are no known markups on these fees, and you pay nothing when you receive crypto. Exodus likely charges a small markup on gas fees associated with swaps, but there’s no information on what that markup is.
The only fees you need to worry about come into play when third parties are involved. These are determined by the third party that’s handling the transaction. Most notably, buying crypto with debit and credit cards is processed by Ramp, which charges a fee of up to 5.45%.
The Trust Wallet situation is similar. There’s no fee for storing crypto or setting up the wallet or gas fees for receiving crypto and NFTs. As expected, you pay blockchain gas fees when transferring crypto, but you also get to pick your fee. Keep in mind that low fees are often rejected, though.
There’s no markup on these transactions, but there’s likely a markup on in-app crypto swaps, as with Exodus.
Once again, when you buy crypto with fiat money, you’ll pay fees to the third party handling the transaction. Simplex is often used for credit and debit card purchases and charges a fee between 3.5% and 5%.
| Exodus | Trust Wallet | |
| Setup and Storage | Free | Free |
| Incoming Transfers | Free | Free |
| Sending Crypto | Blockchain gas fees, markup unknown | Blockchain gas fees, markup unknown |
| Crypto Swaps | Blockchain gas fees + provider fee, markup unknown | Blockchain gas fees + provider fee, markup unknown |
| Staking | Free | Free |
| Buying Crypto With Fiat | Third-party fees, Ramp charges up to 5.45% | Third-party fees, Simplex charges between 3.5% and 5% |
Security — Which Is the Safest?
- Exodus rating: 9/10
- Trust Wallet rating: 7/10
Exodus and Trust Wallets are as secure as hot wallets can be and are often ranked among the best hot crypto wallets.
Exodus encrypts your private keys and provides them once you set up the wallet. The keys remain encrypted and stored on your device, with Exodus having no way to access them. Your wallet is primarily secured by a password, but it’s not set up from the get-go, so you’ll have instant access until you create a strong password.
There is also a 12-word security phrase you should keep safe on a piece of paper, as this is the only way to recover your wallet. The app lets you set up added security options like Touch ID or Face ID, making logins easier and safer.
One of Exodus’ best security measures is the constant updates. The company follows a two-week cycle for new updates to fix vulnerabilities and issues the wallet might be experiencing.
Exodus can easily pair with a Trezor hardware wallet if you want to keep your assets in cold storage. Trezor wallets are consistently ranked among the best cold wallets.
Trust Wallet does the same thing with your private keys, using a strong password as the primary security feature. There’s also the option to set up either Touch or Face ID on the mobile app, while the recovery phrase contains 12 words. Trust can pair with Ledger hardware wallets, like the latest Ledger Stax.
Like any hot wallet, Trust is prone to cyberattacks, but the bigger problem is that hackers have shown an ability to exploit vulnerabilities in its code. In contrast, the main problems with Exodus have been phishing scams that don’t technically show a security issue with the wallet. This better track record is why we give Exodus a slightly better security rating.
Exodus vs. Trust Wallet Features
- Exodus rating: 10/10
- Trust Wallet rating: 10/10
Exodus and Trust Wallet incorporate some interesting features that make them more than mere storage devices for your crypto assets. Let’s review the main ones.
Swapping
Both Exodus and Trust Wallet let you swap tokens within the wallet.
Exodus lets you swap various cryptos and tokens, even cross-chain, like BTC for ETH or BNB for DOGE. Third-party providers are used for this feature, and Exodus adds a markup to these exchange rates to make a profit, like most other wallets. However, it’s unclear what the percentage of this markup is.
Swapping is largely the same with Trust Wallet, and the platform also uses third parties to facilitate the feature. Trust Wallet is more open about the fees the third-party providers charge on these swaps.
Staking
Staking enables you to make passive income from your crypto assets by keeping them locked in your wallet. The option is available in both Exodus and Trust Wallet. The former lets you stake 13 cryptos, while the latter supports 26.
For example, if you want to stake SOL with Exodus, you can expect APYs of 6.70%, while Trust Wallet offers annual returns of up to 5.07%. In both cases, you can stake as little as 0.01 SOL. The numbers differ significantly between the two wallets and can change depending on what the market dictates.
DeFi & dApp Compatibility
- Exodus rating: 9/10
- Trust Wallet rating: 10/10
The Trust Wallet vs. Exodus battle also involves dApp compatibility, and the good news is that both wallets can connect to various dApps and DeFi platforms.
Through its web browser extension, Exodus lets you connect to dApps on blockchains like Ethereum, Algorand, and Solana. This integration leads to full support for NFTs, which are then stored in your wallet.
Trust Wallet is better on that front since it has provided this functionality for longer through its dApp browser. You can connect to dApps like UniSwap, Aave, Compound, and OpenSea to view, exchange, and collect NFTs.
User Experience
- Exodus rating: 10/10
- Trust Wallet rating: 10/10
Exodus has over 1.69 million, and Trust Wallet has more than 13 million monthly active users for good reasons. The user interface in both wallets is genuinely superb and virtually identical, given that both offer the same features provided by all great non-custodial hot wallets.
Exodus wallet is easy to set up on both desktop and mobile, with the two only differing in what security measures are available. Using the crypto wallet is seamless, with options for sending, swapping, staking, and buying crypto clearly marked and easy to use.
Trust Wallet is equally user-friendly, with an interface similarly configured to Exodus’. The main difference is in the color palette. While Exodus prefers dark colors, Trust Wallet is white throughout.
Trust’s browser extension and mobile apps are essentially the same, making moving between the two seamless, as opposed to somewhat different designs between Exodus’ mobile app, browser extension, and desktop app.
The setup process is easy and similar to what Exodus offers, with different security options between the mobile app and browser extension. It’s also worth adding that Trust Wallet boasts integration with CoinMarketCap, which means you’ll always have up-to-date prices on all your crypto assets.
Withdrawals
- Exodus rating: 10/10
- Trust Wallet rating: 10/10
The process of withdrawing or sending crypto is similar in both wallets. You only need to open your wallet, pick the crypto you want to transfer, and input the address to which you’re sending and the amount you wish to move. Then, preview the transaction, including the gas fee, and complete it.
Exodus and Trust Wallet are non-custodial, so transactions are processed instantly, but you still need to wait for the blockchain network to approve them.
You can also technically withdraw cash from both wallets by selling your crypto for fiat currency, and the option works in the same manner as buying crypto for fiat in either wallet, only in reverse.
If you want to learn more about withdrawing crypto, you can read our guide on how to use a crypto wallet.
Exodus vs. Trust Wallet Customer Service
- Exodus rating: 9/10
- Trust Wallet rating: 7/10
Both crypto wallets offer dedicated support centers with a bunch of frequently asked questions and answers.
However, Exodus provides better customer service, offering round-the-clock email support and live chat through the mobile app.
Trust Wallet only lets you send a support ticket and talk to a chatbot, which is understandable given its more extensive user base.
The Verdict
The Exodus vs. Trust Wallet battle is almost a tie, as both are non-custodial hot wallets that aim to offer similar features to crypto enthusiasts.
There are a couple of differences here and there, like Exodus having a better track record with security, while Trust Wallet supports more blockchains and consequently lets you store more tokens, but the overall experience is similar.
You can choose either; both are among the best crypto wallets available today, but reviewing our comparisons is crucial to determining where one or the other is superior and how much each aspect matters to you.
FAQ
Is Trust Wallet better than Exodus?
Which wallet provides better security, Trust Wallet or Exodus?
Who are the owners of Exodus and Trust Wallet?
Which wallet has a more user-friendly design, Trust Wallet or Exodus?
Can Exodus or Trust Wallet get hacked?
Can Exodus or Trust Wallet freeze my wallet?
References
- Which assets does Exodus support? (Exodus)
- Crypto Swaps: Frequently Asked Questions (Crypto Swaps)
- How do I contact Exodus Support? (Exodus)
