Trust Wallet is a multi-asset crypto wallet that supports 3,000+ crypto assets and provides a powerful and easy-to-use UI.
Metamask is an Ethereum DApp browser that allows anyone to interact with DApps. They are two Ethereum wallets of different flavors. Both have their benefits, but which one is better? To find out, read this article on Trust Wallet vs. Metamask.
Like most people on the internet, you probably own Ether and other ERC20 tokens. You also might use Metamask as your Ethereum Wallet dApp on Chrome or Firefox. But do you prefer to manage all your cryptocurrency wallets in one convenient place? If yes, then you’ve likely been waiting for Trust to come out with their wallet solution.
Are you involved in crypto and blockchain for long enough? If yes, then you may have heard about any of these two popular Ethereum wallets. They’re both made by the same company as well. Finding the best crypto wallet can be tricky.
It’s pretty complicated with the sheer number of wallets out there. This guide will discuss two different Ethereum wallets – Metamask vs. Trust Wallet. So, continue reading.
Overview of Metamask
Metamask is a free Ethereum wallet that stores Ether and other ERC20 tokens, which lets you run Ethereum DApps in your browser without running a full Ethereum node.
Metamask can also be called an extension for Chrome and Firefox, as it allows users to interact with the Ethereum blockchain. You can use it to send and receive payments, manage intelligent contracts, and more.
Metamask provides a user-friendly interface to access your Ethereum account on the web. You can use it to sign contracts, send Ether, and make payments. Also, Metamask is a bridge that allows you to visit the distributed web of tomorrow in your browser today.
Metamask includes a secure identity vault. That offers a user interface to manage identities on various sites and sign blockchain transactions. It also allows you to share tokens with friends easily.
Metamask makes it simple for anyone to get started using Ethereum dApps. One can start without downloading blockchain or configuring a Light Client/full Node.
The critical part of Metamask is its ability to create an Ethereum address and connect it with a password. This password is used as a seed to generate your private key. The private key is stored in Metamask’s internal database. You’ll need to use this password and private key combo whenever you want to log in or do anything related to Ether.
Before knowing about Metamask vs. Trust Wallet, let’s see their pros and cons.
Pros of Metamask
Metamask is a tool that allows users to interact with the Ethereum blockchain. It acts as a gateway between you and the Ethereum network. It’s a plugin for your browser and works with Chrome, Firefox, Opera, and Brave.
Besides, to know more about how to sell Safemoon on Trust Wallet, you first have to swap them for Binance coins (BNB) on PancakeSwap. Here is the detailed guide.
● It’s Free and Easy to Use.
The interface for Metamask is straightforward for beginners and advanced users. It has a user-friendly interface. It does not complicate things, but it also has enough features to give you more control over your funds.
You can easily send tokens or interact with decentralized applications (DApps). And for that, you won’t need technical background knowledge of blockchain or crypto. Moreover, it’s free of cost.
Also, if you wonder, is the Trust Wallet hack possible by any chance? Is your Trust Wallet safe? How to protect your account? Well, let’s find answers to all of such questions.
Metamask is highly secure and private. This is because it uses local storage for its private keys. It is much more secure than storing them on an exchange or other service provider. There is no chance for hackers or malware to compromise them.
All transactions are signed locally inside your browser using your private keys. So no one can see what’s happening inside there except you. There is also no need for anyone else in between when making transactions.
Metamask lets you keep your private key stored locally instead of on a centralized server. So you’re in control of all your funds.
● Multiple Accounts.
You can have numerous accounts in Metamask, each with its own public address and private key. This is just like having multiple bank accounts.
● Supports All ERC20 Tokens.
If you want to trade any ERC20 token, Metamask is the best choice. It supports all ERC20 tokens and other cryptocurrencies like Bitcoin, Litecoin, etc.
● No Third Party Involvement.
You can transact directly from your wallet. You won’t have to trust any third party with your funds. Or with your personal info like name or address, which helps keep your privacy intact.
Cons of Metamask
Metamask is a popular Ethereum browser extension. It provides a convenient interface for users to manage their private keys. Thus it removes the need for users to download, install and sync the entire Ethereum blockchain. However, there are some disadvantages associated with using Metamask:
● Metamask is a Hot Wallet.
A hot wallet is a digital wallet that you can access anywhere. This means that your private keys are stored in an environment that isn’t as secure as cold storage. Also, where your private keys are offline and out of reach of hackers.
Because Metamask stores your private key online, it’s more susceptible to being hacked than other types of wallets. It’s also important to note that if you lose access to your Metamask account, you won’t be able to recover any funds. They’ll be lost forever!
● Not Beginner Friendly.
The most significant disadvantage of Metamask is that it isn’t very beginner friendly. It takes time to understand how the software works and how to use it properly. This can be frustrating if you’re new in this space.
Overview of Trust Wallet
Trust Wallet is a crypto wallet that supports Ethereum and 20,000+ ERC20 tokens. It also has a built-in exchange for trading between cryptocurrencies. It was launched in 2017 by Binance founder Changpeng Zhao (CZ).
Trust Wallet is available on both iOS & Android mobile devices and desktop computers. You can use it to store your ETH and other crypto assets such as Bitcoin, Litecoin, and more. Trust Wallet provides users with different features to manage their funds.
These significant features of Trust Wallet include multiple crypto wallets and multiple blockchains. Trust Wallet also has an offline storage feature. This feature allows you to store your private keys offline. This makes it safer than using an exchange or hardware wallet like Ledger Nano S or Trezor.
In addition to its mobile wallet app, Trust Wallet also offers browser extensions for Google Chrome and Mozilla Firefox. This makes it easier for any users who want a simple solution without having to install apps on their devices.
Trust Wallet has developed a decentralized app browser. It allows users to access DApps on the Ethereum network. The dApp browser also enables users to interact with other DApps in the Ethereum blockchain network.
You can determine which one to go for b/w Trust Wallet vs. Metamask by knowing their overview, pros, and cons.
Pros of Trust Wallet
Trust Wallet is a decentralized wallet that allows users to store their assets. You can also store cryptocurrencies. It is one of the most popular wallets in the world and has over 20 million users worldwide.
● Built-In Exchange.
Trust Wallet also has a built-in exchange that lets you buy or sell cryptos directly inside the app. You don’t need to make another account elsewhere. And you won’t have to wait for someone else to approve your transaction. Everything can be done within the Trust Wallet.
● High-security Level.
Trust Wallet has built-in security features. Those features protect your assets against hackers and other threats. These include two-factor authentication, fingerprint scanning, and passcode protection.
● No Limits on Withdrawals.
You can withdraw as much money as you want whenever you need it. You can withdraw without restrictions imposed by the platform or third parties.
Trust Wallet supports a wide range of cryptocurrencies and tokens. You can send, receive, and store Bitcoin, Ethereum, Litecoin, ERC20 tokens, and more on Trust Wallet. This makes it easy to manage many cryptos without switching between apps or wallets.
The major advantage of using Trust Wallet is that you don’t need to share your private keys with anyone else. This means you completely control your funds. And you can easily send or receive payments without waiting for third-party approvals.
Cons of Trust Wallet
Trust Wallet is a popular choice for new users. Especially for users who are looking for an easy-to-use and secure cryptocurrency wallet. However, it has some disadvantages you should be aware of:
● Lack of Advanced Features.
Trust Wallet does not have advanced features such as price alerts or portfolio tracking tools like some other wallets do.
● You Cannot Use It on Both Mobile and Desktop Devices at the Same Time.
You will have to switch between platforms if you want to send or receive funds from another user.
Metamask vs. Trust Wallet Summary
Let’s see the difference b/w Metamask and Trust Wallet through this Metamask vs. Trust Wallet table.
|Can Be Used On-||Any Web3 Enabled Website, Including Decentralized Exchanges||Phone|
|Built-In Ethereum Wallet||No||Yes|
|Trade Within App||Yes||Yes|
|Options For Staking||No||Yes|
|Multi-Signature Technology||No ( Two Signatures)||Yes|
|Support Team||More Active||Active|
What are the main differences between MetaMask and Trust Wallet?
The main differences lie in the range of supported currencies and the targeted ecosystems. While MetaMask primarily supports Ethereum and its tokens, Trust Wallet supports a wider range of cryptocurrencies.
Which is more secure, MetaMask or Trust Wallet?
Both wallets offer robust security measures, including keeping your private keys on your device. It’s important to remember that your actions significantly impact the security of your assets.
Can I access DApps using both wallets?
Yes, both MetaMask and Trust Wallet allow users to interact with DApps directly.
Which wallet is more user-friendly?
Both wallets are praised for their user-friendly interfaces. Your personal preference may tip the scale one way or another.
Do both wallets have mobile and desktop versions?
MetaMask and Trust Wallet both offer mobile versions. MetaMask also provides a browser extension for desktop users.
The Bottom Line
So, which is better, Trust Wallet vs. Metamask?
Metamask and Trust Wallet are both browser-based Ethereum wallet options for the desktop. However, if you’re looking for a mobile option, Metamask is unavailable on iOS or Android.
Instead, if your phone supports Chrome, you can open that up and use the wallet there. Like Metamask, it is also a hot wallet. And therefore, generally not recommended as an everyday storage wallet. Trust Wallet is definitely worth checking out, especially if you need an Ethereum wallet system when on the go.
So, we’ve gone over the strengths of both Metamask and Trust Wallet. We decided that Metamask was more accessible to non-technical users and that it had a much better UI.
Of course, using Metamask with different Ethereum dApps was relatively seamless. We would go as far as to say that it is the best choice for Ethereum users looking for a wallet for their Ether.
But also, in the end, it is down to your usage patterns whether Metamask will be the better choice. Trust Wallet should be sufficient for most people.
But if you need many sub-wallets beyond one, Metamask is an excellent alternative. And also, it’s upon you who you want to declare a between Metamask vs. Trust Wallet.