Trust Wallet vs MetaMask – Which is the Best Crypto Wallet?

If we are just getting started with cryptocurrencies, we have heard of wallet services, which enable us to store our funds online/ offline. MetaMask and Trust Wallet are two of the most popular crypto wallets among traders and hodlers. As individuals using cryptocurrencies and decentralized applications are increasing exponentially, knowing how to access them securely and straightforwardly is essential.

The crypto sector, unlike traditional financial markets, never sleeps. Therefore, choosing a good cryptocurrency wallet is critical to ensuring the security and accessibility of our digital assets. Which platform is better? Which will provide you with more options? What are the similarities and differences between them? These questions are in everyone’s mind while selecting one of them. In this article, we will compare Trust Wallet and MetaMask.

CategoryMetamaskTrust WalletWinner
UISimple, BasicModern, Dark Mode, Notification FeatureTrust Wallet
FeesSmall amountVery Less or NilTrust Wallet
TransferVery FastComparatively SlowMetamask
CompatibilitySimple connection by connecting to wallet buttonComparatively ComplexMetamask

Trust Wallet

  • Introduction: It is one of the best cryptocurrency wallets. It has grown in popularity since its inception in 2017. It has more than ten million active users.
  • Uses: We can safely and securely store, transfer, and receive cryptocurrencies. It has an in-built Web3 browser. We can also use it to earn interest in our blockchain games, collect NFTs and cryptocurrency, and access the most recent DApps and DeFi platforms.
  • Binance: It was even bought by Binance, the world’s largest cryptocurrency exchange, in 2018. Along with Binance, it is developing features like custom networks, a native DEX, market monitoring, test networks, deep integration, and even a fast and secure multi-crypto wallet. Read our Binance Review to know more.
  • Security: To protect and secure our crypto assets, we can utilize Touch ID, Face ID, or conventional passwords. In addition, users can export private keys from the App, and it also has a seed backup feature.
  • App: It is presently only accessible on Android and iOS as a mobile-only app. It does not require any email addresses or usernames/passwords to sign up.
  • Languages: In the mobile software, the App is set with around 12 languages.
Trust Wallet
Trust Wallet

MetaMask

  • Introduction: It allows users to access their wallet using a mobile app or a browser extension. It is safe and has around 5 million active monthly users. It is available for Firefox, Google Chrome, Microsoft Edge, and Brave.
  • Uses: It allows users to store and manage transactions, account keys, transfer and receive Ethereum-based tokens and cryptocurrencies, and securely connect to decentralized apps through a compatible in-built mobile app or web browser.
  • App: Until 2019, there was a browser extension. Later, as cryptocurrency users increased, they developed a mobile application for both Android and iOS users.
  • Custom RPC: Users can add a custom RPC. Users can utilize the Custom RPC functionality to switch between the leading Ethereum network and a suitable test network. Binance and Polygon (Matic) chains are examples of compatible blockchain networks that may be added utilizing this.
  • Security: The user’s private keys are encrypted and are saved on Metamask’s system for export whenever necessary.
  • Languages: It currently supports 11 languages.
MetaMask
MetaMask

Trust Wallet vs MetaMask

UI

  • Need for Good UI: It enables interactions between the user and our website or online application, which may convert potential visitors into buyers.
  • Who is the Winner?: Trust wallet is superior.
  • Reason: It looked better and had a modern. Dark Mode is also available. The tokens are listed one after the other, making the page appear less crowded overall. In addition, it provides a notification feature when we receive a token.

Fees

  • Who is the Winner?: Trust wallet is superior.
  • Reason: It will not charge us anything for using the wallet. It also does not charge any additional fees for trading one cryptocurrency for another on the in-app DEX or using DApp Browser to interact with decentralized applications. When the Bitcoin blockchain is heavily used, it may charge $5 to $10 per transaction. The Ethereum blockchain may charge up to $10 per transaction. To begin a transaction with MetaMask, we only need a small amount of Ethereum.

You can also connect your Metamask wallet with Binance Smart Chain and pay a lower fee than the Ethereum chain. To learn more, read Set up MetaMask for Binance Smart Chain.

Compatibility

  • Need for Compatibility: It needs to be compatible across all devices and browsers. So that users don’t have to encounter any problems.
  • Who is the Winner?: MetaMask is superior.
  • Reason: Metamask’s browser extensions make tasks more convenient. It provides a browser extension through which users can access funds in their wallets. This comes in handy function a lot as DEXes like Uniswap, 1inch, etc., have a connect to wallet button, which MetaMask connects in a matter of seconds. In contrast to Trust Wallet, which is only available on iOS and Android.

Transfer

  • Need for Good Transfer Experience: It needs to have an excellent and fast transfer experience so that our valuable crypto don’t get stuck.
  • Who is the Winner?: MetaMask is superior.
  • Reason: Metamask is quick and straightforward to use. Both applications include a QR code that you may scan and pay with and the ability to enter the address and finish our payment manually. The majority of tokens may be easily added to MetaMask by utilizing the custom token button. Trust Wallet does not include the token button functionality in its application. As a result, we must use the search option to add tokens.
Trust Wallet vs MetaMask
Trust Wallet vs MetaMask

Alternatives of Metamask & Trust Wallet

1. Ledger Nano X/ S

  • It is Ledger’s second-generation hardware wallet, released in 2014.
  • Ledger Nano S, the company’s initial cryptocurrency product, was one of the first hardware wallets on the market and dominated the industry for several years.
  • It looks like a USB drive and communicates with our device through USB or Bluetooth.
  • The Ledger team has developed the Ledger Live software, which serves as a user interface for all of our assets.
Ledger Hardware Wallet: Pricing
Ledger Hardware Wallet

2. Coinbase Wallet

  • It is the most popular mobile cryptocurrency wallet and Web 3 DApp browser.
  • It also lets us connect with Web 3 decentralized apps.
  • We retain control over our private keys, which are solely kept on our device.
  • We can back up our Wallet’s private keys to Google Drive to avoid losing our funds if we misplace our smartphone or forget our recovery phrase.
  • Read our Coinbase Wallet Review to know more.
Coinbase wallet
Coinbase wallet

3. Exodus

  • It is a desktop and mobile wallet with a simple user interface and built-in exchange.
  • Exodus now supports exchanges between more than 100 different cryptocurrencies.
  • Furthermore, it provides good customer support.
  • It is a closed source wallet. As its code is not visible to everyone, it may raise security problems.

4. Jaxx

  • It is a multi blockchain wallet, allowing users to create and manage various digital assets and transfer, receive, and trade cryptocurrencies.
  • It’s news site provides daily blockchain headline news and updates from a variety of reputable sources.
  • It is a non-custodial blockchain wallet, which means that we are the only owner of the keys to our crypto assets.
  • Sensitive data, such as our Backup Phrase and Private Keys, are exclusively saved on our device and never leave it.

5. MyEtherWallet

  • It is a growing suite of products that provides complete access to what Ethereum blockchain offers.
  • MyEtherWallet offers all the tools to enable newbies and experienced users to discover new Ethereum applications in a trustworthy environment, including a web platform, a mobile app, a chrome extension, an explorer, and instructional materials.
  • Further, it is a real non-custodial Ethereum wallet which implies that our funds are solely accessible to us only.
  • It supports all ERC-20 tokens.
MyEtherWallet
MyEtherWallet

Conclusion: Trust Wallet vs MetaMask

Trust Wallet or MetaMask? It all depends on what we are searching for, as well as our needs and expectations. Some users choose Trust Wallet, while others prefer MetMask. In the end, neither is as safe as a cold wallet, such as a hardware wallet, i.e. NanoLedger, or an offline paper wallet. If we forget our seed phrase, there is probably no way to reset our password. We must never disclose our private key to anybody. When it comes to crypto wallets, users have control over it.

Frequently Asked Questions


Why do we need a Crypto Wallet?

  • Crypto wallets make our private keys safe and accessible by storing them. By using them we can send and receive cryptocurrencies.
  • Can we convert our Crypto to Fiat in Trust Wallet?

  • No, Trust Wallet cannot convert our Crypto to Fiat. But
    we can send our Crypto to an Exchange that supports Crypto to Fiat conversion.
  • Are We in Complete Control of our Private Keys in Trust Wallet?

  • Yes, We are in Complete Control of our Private Keys in Trust Wallet. Our private keys are never stored outside of the Trust Wallet. The only way to get out our Private Keys is when we use the recovery phrase.
  • Does MetaMask support Collectibles?

  • Yes, On the home screen of our mobile wallet, there is a collectibles tab.
  • Can we use a hardware wallet with MetaMask?

    On the extension, MetaMask currently supports Trezor and Ledger. However, on mobile, there is presently no hardware wallet support.

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    Yash Kamal Chaturvedi
    Btech Computer Science, Maharshi Dayanand University, Rohtak (2023)

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