Trust Wallet Token (TWT): The Utility Token of a Self-Custody Wallet
The in-house token of the Trust Wallet app
TWT is the in-house token of Trust Wallet, a mobile crypto wallet app. Issued on BNB Chain, it is meant to give users of a self-custody wallet perks such as fee discounts, rewards and votes.
1. A self-custody wallet owned by Binance
Trust Wallet is a mobile wallet app created in 2017 by Viktor Radchenko and acquired by the exchange Binance in July 2018. It is ‘self-custody’: users hold their own private keys (the secret values that move coins), so the company does not keep their coins. One app handles Bitcoin, Ethereum and many other blockchains and tokens.
TWT serves the wallet’s user community and was issued as a BEP-20 token (BNB Chain’s standard token format) on BNB Chain, the chain started by Binance. On the Crypto Nation map, TWT stands in BNB Chain City, because it was first issued on BNB Chain.
2. What TWT is meant to do
TWT’s uses are built around perks inside the wallet. A Litepaper released in September 2025 casts TWT as the wallet’s utility layer, with plans for rewards for long-term lockers, DeFi staking, fee discounts on in-wallet transactions, gas fees payable in TWT, premium services and community voting rights.
Trust Wallet said new incentives would be phased in over the following six months, with late 2025 focused on everyday crypto finance and 2026 on deeper trading, earning and ecosystem links. Specific perks and conditions follow the company’s announcements and can change.
3. Uses and key dates
In the app users can swap coins, stake and connect to decentralized apps. TWT ties into such features through fee discounts and rewards, though what applies at any time depends on Trust Wallet’s current rules. Its open-source Wallet Core library is also used to build other wallets.
Key dates: the wallet’s launch in 2017, the Binance acquisition in July 2018, TWT’s issuance in 2020 and the Litepaper in September 2025. On 24 December 2025, version 2.68 of the Chrome extension was released with malicious code, and about $7 million was drained from users of that version.
4. Things to know
Because users guard their own recovery phrases, malicious code inside the app itself can cause big losses. After the December 2025 incident, Trust Wallet released patched version 2.69 and told users to disable the affected extension; the mobile app and other versions were unaffected. It promised to reimburse verified losses in full, opening a claims process on 27 December, and warned of fake compensation forms.
TWT’s value and uses depend heavily on one product and on Binance’s ecosystem, and new perks will arrive only if the company delivers. Governance and rewards are designed and changeable by the company, so it is not an independent decentralized organization, and a Binance-acquired wallet can be affected by exchange policy and regulation. User-side mistakes such as leaked recovery phrases or fake apps are also common causes of wallet losses.
Written from information public up to October 2026. It does not recommend or rate any coin and is not investment advice. If something is wrong, please tell us through the contact page.