{"id":133836,"date":"2023-03-05T13:02:00","date_gmt":"2023-03-05T13:02:00","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=133836"},"modified":"2023-03-09T17:15:38","modified_gmt":"2023-03-09T17:15:38","slug":"metamask-vs-trust-wallet","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/metamask-vs-trust-wallet\/","title":{"rendered":"Metamask vs. Trust Wallet: Which of These Crypto Wallets Is Better?"},"content":{"rendered":"
Comparing Metamask vs Trust Wallet and choosing the most suitable one out of the two may be challenging, given the fact that they offer quite similar functions. They are the two most popular Web3 crypto wallets that allow users to store, send, receive, and manage their digital assets while also granting them seamless access to the decentralized web.\u00a0<\/span><\/p>\n Metamask<\/a><\/strong> and Trust wallet<\/strong> both support a variety of digital assets and blockchain networks, but as will be shown in this article, they differ in some ways.<\/strong><\/span><\/p>\n Founded in 2016 by ConsenSys, Metamask is the most popular Ethereum-based crypto wallet that offers easy-to-use custodial and management services for digital assets. The platform developed its mobile wallet version in 2019<\/strong> in a bid to provide users with streamlined ways to manage their assets and interact with decentralized finance (DeFi)<\/a> as easily as browsing the internet.<\/span><\/p>\n The Metamask wallet supports a wide range of Ethereum-based or ERC-20-compatible tokens, such as Ether (ETH), USD Coin (USDC), Tether (USDT), Polygon (MATIC), Binance Coin (BNB), Immutable X (IMX)<\/strong>, and so on. It also supports other crypto tokens built on the Ethereum layer-2 blockchain networks.<\/span><\/p>\n It supports the Ethereum blockchain network and other networks that are compatible with the Ethereum Virtual Machine (EVM)<\/a> like the Binance Smart Chain, Polygon, Optimism<\/a> and Avalanche<\/a>, among others.<\/span><\/p>\n <\/p>\n Metamask adds additional layers of protection, such as touch ID, face ID, and a password<\/strong>, to allow users to ensure more security over their assets when withdrawing funds from the wallet. These means of identification will be required whenever an outgoing transaction is to occur. This is in addition to the private keys that users are required to keep secure.<\/p>\n This wallet is usable as an in-browser app for desktop or laptop computers, as well as a mobile application on the Google Play and Apple App Stores. Metamask supports numerous Ethereum-compatible platforms like OpenSea, Uniswap, QuickSwap, and PancakeSwap.<\/p>\n The Ethereum wallet offers multiple services like buying, selling, and swapping cryptocurrency tokens. In addition, it enables users to lock up (stake) their tokens in certain pools to earn dividends. Metamask also provides easy access to the DeFi world through its in-built browser.<\/span><\/p>\n MetaMask treats users\u2019 anonymity as a priority.<\/b><\/span> It doesn\u2019t require information like the “Know Your Customer” (KYC) procedures required by crypto exchanges. This means that you only need a passphrase to access all of Metamask’s services.\u00a0<\/span><\/p>\n Trust Wallet is a non-custodial crypto wallet that allows users to send, receive, exchange, and hold cryptocurrencies and non-fungible tokens (NFTs)<\/strong>. It is available on Android, iOS, and browser extensions<\/a>, supporting multiple blockchain networks.<\/span><\/p>\n Viktor Radchenko founded Trust Wallet in November 2017. However, eight months later, in July 2018, Binance acquired the wallet to provide better service and crypto security to its users.<\/span><\/p>\n Trust Wallet supports Bitcoin (BTC) and over 4.5 million coins and tokens across over 64 blockchain networks. Some examples are: Ethereum (ETH), Solana (SOL)<\/a>, BNB Chain (BNB), Polygon (MATIC), Aptos (APT)<\/a>, Avalanche (AVAX), and its own token, Trust Wallet Token (TWT)<\/strong>.<\/span><\/p>\n The wallet supports a variety of networks, including Solana, Cardano, Tron, and <\/span>over 60 other blockchains<\/b><\/span>\u2014in contrast to the Metamask wallet, which only supports cryptocurrencies that are compatible with the EVM.<\/span><\/p>\n Trust Wallet is secure as long as users remember to keep their private keys, also known as recovery phrases, in a safe and orderly manner. So far, no reports of vulnerabilities have been proven.<\/strong> The wallet is further secure with Touch ID, passwords, Face ID, and two-factor authentication to enhance the safety of the user\u2019s crypto assets.<\/span><\/p>\n It supports several decentralized applications (DApp)<\/a> and platforms built on the various blockchains it provides access. These include but are not limited to decentralized exchanges, NFT marketplaces, and decentralized apps.<\/span><\/p>\nMain Features of Metamask<\/b><\/h2>\n
Supported Cryptocurrencies<\/b><\/h3>\n
Supported Networks<\/b><\/h3>\n
Security<\/b><\/h3>\n
Supported Platforms<\/b><\/h3>\n
Services Offered<\/b><\/h3>\n
Anonymity\u00a0 <\/b>\u00a0\u00a0<\/span><\/h3>\n
Main Features of Trust Wallet<\/b><\/h2>\n
Supported Cryptocurrencies\u00a0<\/b><\/h3>\n
Supported Networks<\/b><\/h3>\n
Security<\/b><\/h3>\n
Supported Platforms<\/b><\/h3>\n
Services Offered<\/b><\/h3>\n