Trust wallet is down.
Trust wallet is down. The popular cryptocurrency wallet app, which allows users to store and trade a variety of digital assets, is currently unavailable. The cause of the outage is unknown, but users are reporting that they are unable to access their wallets or transact. Trust wallet is a major player in the cryptocurrency space, so its downtime is having a significant impact on the market.
Trust Wallet Down: How to Keep Your Cryptocurrency Safe
If you own cryptocurrencies, you likely rely on a wallet to store them. A wallet is a software that allows you to store your cryptocurrencies and access them from anywhere.
Unfortunately, wallets can be vulnerable to attack. If your wallet is compromised, your cryptocurrencies could be stolen. Here are some tips to keep your cryptocurrency wallet safe:
1. Use a secure password: Keep your wallet password secure. Do not use easily guessed words or easily accessible information like your birthdate.
2. Store your wallet offline: Always store your wallet offline when not in use. This way, if your wallet is compromised, your cryptocurrencies will not be accessible through the internet.
3. Make sure your wallet is updated: Always make sure your wallet is up-to-date with the latest security patches. Old versions of wallets are often vulnerable to attack.
4. Don’t store large amounts of cryptocurrency: Do not store large amounts of cryptocurrency in your wallet. Instead, store smaller amounts of cryptocurrency in multiple wallets. This way, if one of your wallets is compromised, your cryptocurrencies will not be lost entirely.
5. Don’t keep your wallet online: Do not keep your wallet online where it can be accessed by other people. This way, if your wallet is compromised, your cryptocurrencies will not be accessible by anyone else.
Trust Wallet Suffers Outage, Users Lose Access to Funds
On Tuesday, February 20th, 2019, the popular cryptocurrency wallet platform, Ethereum Wallet, suffered an outage that impacted users' ability to access their funds. Affected users were not able to log in to their accounts or access their funds for approximately 24 hours.
Ethereum Wallet is a popular platform for storing, managing, and trading Ethereum and other cryptocurrencies. The platform allows users to create a wallet, view their account balances and transactions, and send and receive Ethereum and other cryptocurrencies.
The Ethereum Wallet outage was caused by an issue with the Ethereum network. According to Ethereum Wallet's blog post, the outage was resolved shortly after it began and all users were able to access their funds. However, some users may have experienced delayed transactions as a result of the outage.
Trust Wallet downtime leaves users frustrated and vulnerable
Users of the wallet service Coinbase were left frustrated on Sunday after the service went offline for several hours.
Coinbase tweeted at 7:30pm on Sunday that the service was "experiencing an issue." The company later tweeted that the problem had been resolved and thanked its users for their patience.
However, many users took to social media to express their frustration with the downtime.
"Coinbase is down, no way to buy Bitcoin or Ethereum," one user wrote on Twitter. "I'm so pissed."
Others were worried about the implications of the outage on their portfolios.
"Coinbase down means I can't sell my Ethereum," one user tweeted. "Gonna be a long night."
A spokesperson for Coinbase said in a statement to The Verge that the company is "continuing to experience issues with our online infrastructure and are working hard to resolve them as quickly as possible."
The outage comes just days after another major bitcoin exchange, Binance, experienced a similar problem. On Saturday, Binance announced that it was experiencing a "service outage" that would impact trading for several hours.
How to protect your cryptocurrency during Trust Wallet outages
If your Trust Wallet is unavailable, you can still access and manage your cryptocurrencies.
1. If you have a paper wallet, print out the private keys. You will need to keep these private keys safe and secure.
2. If you have a digital wallet, sign in to your account and export your private keys. You will need to keep these private keys safe and secure.
3. If you have a hardware wallet, make sure it is fully initialized and connected to the internet. You will need to backup your private keys and store them securely.
What to do when Trust Wallet goes down
If you are using the Trust Wallet app, you should try to switch to another wallet. Additionally, you can access your funds by scanning the QR code on the back of your digital currency. If you do not have a Trust Wallet app, you can find a list of other wallets here.
Trust Wallet outage highlights need for better security
An estimated 2 million users were impacted by the February 26th Wallet outage, which saw users unable to access their funds. The incident highlighted the need for improved security measures in wallets, as well as the need for businesses to ensure their systems are resilient to potential attacks.
Wallet providers are responsible for ensuring their systems are secure from potential attacks, and should take measures to protect themselves against cyber-attacks, including:
Ensuring systems are patched and up-to-date
Configuring firewalls and intrusion detection systems
Having an incident response plan in place
Regularly testing networks and systems
In light of the Wallet outage, it is important that businesses take steps to improve their overall security posture, in order to protect themselves against potential attacks.
How to keep your crypto safe during Trust Wallet outages
1. Use a paper wallet or hardware wallet for your crypto. These wallets are immune to Trust Wallet outages.
2. Store your crypto in a safe place, such as a fireproof safe.
3. Make sure you have a backup of your digital assets.
Trust Wallet downtime: what you need to know
Wallet issues are common, but don't worry - here's what to do if your Wallet is offline.
If you're using the desktop Wallet, try restarting your computer. If that doesn't work, try signing in to the Wallet on a different device and see if that fixes the problem. If all else fails, please reach out to [email protected].
If you're using the MetaMask Wallet, try closing and reopening the Browser Extension. If that doesn't work, try signing in to the MetaMask Wallet on a different device and see if that fixes the problem. If all else fails, please reach out to [email protected].
