Welcome ladies and gents, to another of my seemingly endless introspections! I bring forth today, one of the most well-known rivalries between two very similar wallets, set apart only by certain details.
Criteria for judging is simple and will be based on:
- Interface/Ease of Use
- Supported Digital Currencies
So who are the fighters?
Trust Wallet, hailing from the home of the hodlers is one of the most popular ERC-20 wallets out there. It is backed by Binance, which says a lot. If the top exchange can vouch for you, then you must really be a God-tier wallet. I personally use this one more than Atomic wallet because well, I like to hodl, and Trust's product description boasts about just that.
Trust Wallet is the best ethereum wallet and cryptocurrency wallet to store your favourite BEP2, ERC20 and ERC721, tokens.
Next up, we have Atomic Wallet, from the land of the traders. It was founded by Changelly CEO Konstantin Gladych. The name itself gives us an idea of what their main focus is, and that is the ability to utilize the power of atomic swaps to convert one digital currency to another, without having to go through multiple exchanges. From Trust, I usually move my tokens for swapping to Atomic. Why? You'll find out in a while.
So now that introductions are over and done with, you may now choose your fighter, crack open a cold one and enjoy the battle!
Interface/Ease of Use
Right off the bat, I would say Trust Wallet has the better looking interface overall. It gives off a sleek and modern appearance, especially in dark mode. I'd also like to add that Trust has a neat feature which lets you hide your account balances (as pictured) by default. This is a big plus for tablet users who don't want the whole world seeing their balances once they open up their app.
On the other hand, Atomic Wallet's interface looks like a scammy crypto converter app which looks like it was designed in just a matter of minutes. The color of Atomic's interface seems a bit off as well. I'm very particular about how an app looks, because I wouldn't wanna be staring at something that looks like a child designed it. Some might disagree with me on this one and say the only thing that matters is the functionality, but at the end of the day we all like different things and I respect everyone's thoughts!
Both of them are very easy to use on most devices, even your grandmother will breeze through these apps. Atomic, however, doesn't seem to support interfaces on tablets because opening the app wil cause a midget rectangle to appear in the middle of the screen, which is quite annoying.
WINNER: TRUST WALLET
Both Trust and Atomic wallets store your private keys on your device, and not on some remote server in some sketchy Chinese province (I'm joking). This means that only you can access your funds anytime, anywhere in the world. Both wallets also do not ask for any personal information, so rest assured they don't know anything about your true identity. Heck, even Satoshi Nakamoto could have his accounts in both of these wallets and the developers wouldn't have a clue.
Of course if you lose your private keys, nobody can help you because as I said, both these wallets simply give you somewhere to store your crypto. How you protect your funds is up to you. I always recommend keeping encrypted electronic AND multiple physical copies of your private seed in different places. The world of digital currencies can be as harsh as the Wild West, so take extra steps to safeguard your assets. The quote below is something I always tell my friends and people who are interested in entering the world of crypto.
Buying into digital currencies is like being your own bank. You have absolute freedom to do anything with your funds, but keep in mind that if you don't protect your funds like how a bank would, you still risk losing everything.
Supported Digital Currencies
Something I noticed when I opened up Trust for the first time was that the wallet was really designed with ERC-20 tokens in mind. It lacks some of the minor, but still well known digital currencies such as BSV, Cardano, and ARK to name a few. There were also a ton of ERC tokens I never heard of prior to using Trust. A quick search on a handful of tokens led me to the conclusion that most of them were dead tokens, with "recent transactions" dating to over a year ago. The upside of this is that if you're searching for a wallet to store a particular ERC token that nobody has heard of, Trust surely supports that token.
While Trust lacks in non-ERC token/coin flexibility, Atomic presents to its users a wide variety of digital currencies not limited to just ETH or ERC tokens. If I were a trader, I would definitely choose to store my assets in Atomic instead of in Trust, unless I traded primarily ERC tokens. But even then, I'd prefer to have most of my trading assets in one wallet. I mean why stress myself out by switching between wallets. Stress = mistakes = losing your funds.
WINNER: ATOMIC WALLET
As a hodler, I'm very satisfied with Trust and its services. Security, convenience and a bomb-ass interface. What more could I ask for right? Wrong.
When the time comes that I'll need to start actually trading my assets for those that would make me more income, I'd be facing a huge problem. To put it simply, the exchange/swap functionality on Trust absolutely sucks. You can store almost ALL ERC tokens on Trust, but you can only actually swap SOME of them on Trust. Atomic gives you more freedom in terms of swapping/exchanging tokens and other digital currencies. For example in Trust, I can't exchange my DGB for ETH or BTC. It's just basically sitting there unless I decide to move it to another wallet (Atomic), and only then can I freely exchange my DGB for ETH or BTC.
Both Atomic and Trust have their own tradeable tokens, Atomic Wallet Coin (AWC) and Trust Wallet Token (TWT) respectively. I must say that in spite of just getting these tokens for free, they have decent prices on exchanges, although I've never tried trading with them yet.
Atomic as a slight advantage in this aspect because they already give you the ability to stake AWC and earn 20% APR off of it. Pretty neat. TWT is still under development as of writing and I could find no details on their roadmap which is also still under progress. I've read that TWT will actually be a governance token on the Trust ecosystem which will enable users to make decisions and vote on certain things.
WINNER: ATOMIC WALLET
Although I personally use Trust Wallet for my everyday crypto shenanigans, I'd have to give the crown to ATOMIC WALLET, because it's more of an all-in-one package if you compare it to Trust. Interface is ugly yes (I'm sticking to my opinion on this one), and it's not fully optimized for use on my tablet YET, but you can't ignore the fact that it really brings a lot to the table in terms of function.
So there you have it! I'm nowhere close to being a blockchain expert or anything of the sort, so DYOR as always and decide for yourself which wallet will suit you. I've just laid down the most obvious points of comparison in this article, and I really do hope it helps you in some way. That's it for today people, rest easy! Cheers! 🍻