The world of cryptocurrency is changing very quickly, so it’s more important than ever to have safe and easy-to-use wallets. There are a lot of people who use wallets like MetaMask and Trust Wallet. Both are non-custodial, which means that users keep control of their private keys. This gives users a sense of privacy and protection. There are some features that both wallets share, but each has its pros and cons. In this article, we’ll look at the main ways that MetaMask vs Trust Wallet are different and the same, including the cryptocurrencies they support, their features, security, and how easy they are to use.
What is MetaMask vs Trust Wallet?
MetaMask is a popular non-custodial wallet for Ethereum and its community. It stores, manages, and sends Ethereum-based NFTs and ERC-20 tokens. MetaMask started as a browser extension. Its iOS and Android apps make it easy to use worldwide.
Trust Wallet supports many blockchains and tokens and can hold many coins. Trust Wallet handles more than Ethereum and Ethereum-compatible networks. It supports NFTs across networks and multiple cryptocurrencies, including Bitcoin, Solana, and Cardano. Trust Wallet is available for iOS and Android, all found that the app straightforward to use.
Key Features of MetaMask vs Trust Wallet
Token Management: Both wallets support several coins. Bitcoin, Solana, and Cardano are among the 65 blockchains it may store tokens from. However, MetaMask only supports Ethereum and Ethereum-based coins.
DApp and DeFi Compatibility: DApp and DeFi wallets function with decentralized apps and financing projects. Trust Wallet supports many major DEXs. Examples include Binance DEX and Uniswap. However, MetaMask’s token swap tracker links to DEXs and shows exchange prices.
Staking: You can stake both wallets to gain from proof-of-stake networks. Trust Wallet connects to Ethereum, Cosmos, and Tron. But MetaMask allows you to gamble on Ethereum and other EVM networks.
Security Features: MetaMask and Trust Wallet offer two-factor authentication (2FA), biometric login (fingerprint/Face ID), and seed phrase backups to restore accounts.
How to Set Up MetaMask vs Trust Wallet
MetaMask and Trust Wallet setup is easy, although each wallet has its unique method:
Setting up MetaMask:
- You may add MetaMask to Chrome, Firefox, Brave, or Edge. The app is available for iOS and Android.
- You can create a new wallet using your 12-word escape phrase or bring in an old one.
- A strong password and fingerprint identification will secure your money.
- MetaMask requires Ethereum or other Ethereum-compatible coins.
Setting up Trust Wallet:
- Trust Wallet is available on Google Play and the Apple App Store.
- Copies your 12-word recovery phrase and creates a strong wallet password.
- With such many networks, you can add coins to your wallet immediately.
Supported Cryptocurrencies and Networks
MetaMask focuses on Ethereum and Ethereum-based coins. Tokens include ERC-20, ERC-721 (NFTs), and ERC-1155. Ethereum-based networks like BNB Chain, Polygon, Avalanche, and Optimism are also accessible. Many MetaMask users are interested in Ethereum and its world.
The Trust Wallet holds approximately 250,000 currencies and tokens from 65 blockchains, including Bitcoin, Ethereum, BNB Chain, Solana, Cardano, Ripple (XRP), and Dogecoin. For users with more coins, the Trust Wallet is superior to MetaMask because it connects to more networks and offers more options.
Security Features and Privacy
MetaMask backs up and secures wallets with passwords or biometrics. The restore phrase consists of 12 words, the wallet works with Ledger and Trezor hardware wallets for added security. MetaMask does not collect personal data from cash purchases; KYC verifies the user.
To secure your Trust Wallet, utilize a 12-word recall phrase, fingerprints, or Face ID. Add your Trust Wallet to Ledger and Trezor hardware wallets for security. Trust Wallet, like MetaMask, doesn’t require personal information. This safeguards data.
MetaMask Token vs Trust Token Feature
MetaMask has yet to release its native token, although rumors indicate that one might be launched, potentially offering users governance rights and rewards for holding the token.
The utility token that comes with Trust Wallet is TWT. Based on Binance Smart Chain (BEP-20), TWT holders can access crypto and DEX deals and influence wallet growth.
Pros and Cons of MetaMask vs Trust Wallet
MetaMask Pros:
- Supports Ethereum and Ethereum-compatible networks.
- Customizable user interface suitable for advanced users.
- Robust security features, including hardware wallet integration.
- Direct access to Ethereum-based DApps and DeFi projects.
MetaMask Cons:
- Limited to Ethereum and EVM-compatible networks.
- Higher fees due to markup on DEX swaps.
- It can be complex for beginners.
Trust Wallet Pros:
- Supports a wide range of cryptocurrencies across many blockchains.
- Simple, user-friendly interface suitable for beginners.
- There is no markup on DEX swaps or staking services.
- Built-in DEX and staking functionalities.
Trust Wallet Cons:
- Limited to mobile apps; lacks a browser extension.
- Limited DeFi support compared to MetaMask’s token swap aggregator.
- Customer support is available only via a form, with no live support.
Who Should Use MetaMask vs Trust Wallet?
Ethereum enthusiasts who use DApps and DeFi sites will find MetaMask easy to use. High-level crypto consumers interested in Ethereum and a customizable interface should choose this.
Trust Wallet is ideal for those with many cryptocurrencies who desire a simple wallet. This option is best for beginners or those who need to support many networks and cryptocurrencies.
SEE ALSO: Atomic Wallet Review: The Best Choice for Crypto Swaps in the USA?
Final Verdict: Is MetaMask vs Trust Wallet Worth It?
Cryptocurrency users can use MetaMask or Trust Wallet, depending on their demands. MetaMask is the finest Ethereum client, with advanced tools for experts. Trust Wallet is ideal for cryptocurrency beginners and those who need a large wallet. It’s simpler and supports more blockchains.
MetaMask vs Trust Wallet FAQs
How do I choose Trust Wallet or MetaMask?
Trust Wallet is excellent for beginners because it’s simpler and easier to grasp. It also works with additional coins.
How to buy Bitcoin with MetaMask?
It is not compatible with other networks besides Ethereum. Polygon, Avalanche, and BNB Chain use Ethereum.
Do you trust MetaMask or Wallet?
They both have recovery seed numbers and biometric logins and don’t hold your money, making them safe.
Can I use both MetaMask and Trust Wallet on the same device?
Both wallets can be installed and used simultaneously on the same device without conflicts.
