Phantom vs Trust Wallet
Trust Wallet is cheaper: a $1,000 buy-and-sell costs $14.00 in platform fees vs $15.30 on Phantom. Pick Phantom if you are solana-first users who want one self-custodial app for swaps, cross-chain swaps, Hyperliquid perps and predictions. Pick Trust Wallet if you are mobile-first users who hold assets across many chains (100+) and want in-app swaps, staking and perps in one self-custodial wallet.
Checked 2026-10-16 · both venues' fee pagesPhantom is a self-custodial multi-chain wallet (Solana, Ethereum, Base, Polygon, BNB Chain, Bitcoin, HyperEVM and others) with built-in swaps, cross-chain swaps, Hyperliquid-powered perps, prediction markets and a Cash stablecoin account. It charges a 0.85% Phantom fee on most swaps.
Trust Wallet is a multichain self-custodial wallet (mobile app and browser extension) founded in 2017. It supports 100+ blockchains and has built-in swaps (including cross-chain swaps and limit orders), staking, perps via Hyperliquid and Aster, and prediction markets.
Trust Wallet saves $1.30 per $1,000 round trip.
Side by side
| Phantom | Trust Wallet | |
|---|---|---|
| Type | Wallet | Wallet |
| Status | live | live |
| Chains | Solana, Ethereum, Base, Polygon, BNB Chain, Bitcoin, HyperEVM, Robinhood Chain, Arc | Bitcoin, Ethereum, Solana, BNB Chain, Base, Arbitrum, Polygon, Optimism, Avalanche, Tron, TON |
| Platforms | ios, android, extension, web | ios, android, extension |
| Custody | non-custodial | non-custodial |
| KYC | onramp-only | none |
| Platform fee, round trip | 1.7% | 1.4% |
| $1,000 round trip | $17.00 | $14.00 |
| Sign-up perk | 10% of own eligible trading fees rebated for 3 months, paid in CASH | — |
| Perps taker / maker | 0.095% / — | — |
| United States | Partly available | Unverified |
| United Kingdom | Partly available | Unverified |
| European Union | Partly available | Unverified |
| Launched | — | — |
| Reported incidents | 3 | 2 |
What your trade costs on each
Cost of a round trip (buy + sell). Platform fee only; network and pool fees are extra.
| Venue | Rate (round trip) | You pay | |
|---|---|---|---|
| Trust Wallet | 1.4% | $14.00 | Open |
| Phantom | 1.53% | $15.30 | Open |
Features
| Feature | Phantom | Trust Wallet |
|---|---|---|
| swaps | ✓ | ✓ |
| cross-chain swaps | ✓ | ✓ |
| perps | ✓ | ✓ |
| prediction markets | ✓ | ✓ |
| copy trading | ✓ | — |
| limit orders | ✓ | ✓ |
| gasless transactions | ✓ | — |
| cash account | ✓ | — |
| debit card | ✓ | — |
| staking | ✓ | ✓ |
| hardware wallet support | ✓ | — |
| mobile app | ✓ | ✓ |
| browser extension | ✓ | ✓ |
| web terminal | ✓ | — |
| tokenized stocks (RWAs) | — | ✓ |
| NFTs | — | ✓ |
| FlexGas | — | ✓ |
| buy crypto | — | ✓ |
"—" means the feature was not in the sources we checked, not proof it's missing.
Phantom: watch out for
- 0.85% swap fee on most swaps (1.7% for a buy-and-sell round trip), on top of network fees and price impact.
- Perps are unavailable in the US and UK; tokenized stocks are blocked in the US, UK, France, Germany and the Netherlands.
- Dropped Monad (Aug 2026) and Sui (Sep 2026) support; Arbitrum, Optimism and Avalanche are not supported.
Trust Wallet: watch out for
- December 2025 browser-extension compromise (v2.68) drained about $8.5M from 2,520 addresses
- The swap fee is built into the exchange rate, so the per-swap fee is less visible than a separate line item
- Leverage claims conflict across official pages (100x vs 200x), and there is no published perps fee schedule
FAQ
Is Phantom better than Trust Wallet?
Trust Wallet is cheaper: a $1,000 buy-and-sell costs $14.00 in platform fees vs $15.30 on Phantom. Pick Phantom if you are solana-first users who want one self-custodial app for swaps, cross-chain swaps, Hyperliquid perps and predictions. Pick Trust Wallet if you are mobile-first users who hold assets across many chains (100+) and want in-app swaps, staking and perps in one self-custodial wallet.
Which is cheaper, Phantom or Trust Wallet?
Trust Wallet. On a $1,000 round trip: Trust Wallet $14.00 vs Phantom $15.30, platform fees only.
Can I use Phantom or Trust Wallet in the US?
Phantom: partly available. Trust Wallet: unverified. Based on each venue's own terms.
Sources
Last checked . Fees and terms change often; the venue's own page wins if it disagrees with ours.
- Swap crypto in Phantom (Phantom Help) — checked 2026-10-16
- Trade perps in Phantom (Phantom Help) — checked 2026-10-16
- Understanding perp trading in Phantom (Phantom Help) — checked 2026-10-16
- Supported networks (chains) in Phantom — checked 2026-10-16
- Ending support for Monad in Phantom — checked 2026-10-16
- Ending support for Sui in Phantom — checked 2026-10-16
- Trust Wallet vs MetaMask (official comparison, swap fee 0.7%) — checked 2026-10-16
- Trust Wallet vs OKX Wallet (official comparison) — checked 2026-10-16
- Swap selected stablecoins with 0% fees on Trust Wallet (2026-08-27) — checked 2026-10-16
- Swap eligible staked and wrapped assets with 0% fees (2026-09-16) — checked 2026-10-16
- Trust Wallet Browser Extension v2.68 incident community update (2025-12-30) — checked 2026-10-16
- The Hacker News: Trust Wallet Chrome extension breach — checked 2026-10-16