When it comes to DeFi applications (decentralized finance) you may have a wide range of choices. Although a lot of those choices may be bad financial moves. Because many of those applications may be fraudulent apps or phishing pages to store your info. So you will have a hard time choosing which applications are safe to use. But aside from that, depending on how you’re going to use the app, you should choose one rather than the other. you should also do your research to find the crypto wallet that fits best with your needs. This article will compare two of the most popular crypto wallets in the market, metamask vs trust wallet.
Like other DeFi applications, crypto wallets come in different types and various functionalities. You should also be sure not to download the wrong wallet, that’s for sure.
This article will compare the two of them, so you could choose the one that suits your needs best. Now, let’s begin.
Choose your Crypto Wallet:
Metamask vs Trust wallet: both are great crypto wallets that have millions of users all around the globe. Both of them are great mobile crypto wallets that have a very great set of features. The whole purpose of using hot wallets on your phone is that you can access your crypto assets, manage them, and transfer and receive crypto more easily and in a convenient way. First, we’ll see what a hot wallet is. Then this article will look at this question: Metamask vs Trust wallet, which one is better.
What is a Hot Wallet?
A hot wallet is a crypto wallet that is connected to the internet. The problem with hot wallets is that they connect to the internet. This cause opens the door to whole other types of risks. For example, it can be targeted for theft, hacking and fraudulent activities. As both metamask and trust wallet are hot wallets, this doesn’t affect ‘metamask vs trust wallet’ in any way.
Now, let’s get back to our main topic:
MetaMask vs Trust Wallet: which one is the best?
They both are the leading crypto wallet software. And both of them support Ethereum tokens, crypto-collectibles, and NFTs (non-fungible tokens). Both of them have easy-to-use platforms with great UI (user interface).
Both of them have applications for smartphones, both Android and iOS. Metamask on the other hand also has a version that runs on PC as a browser extension. In the next section, we’ll check them out in more detail to figure out which one is the best.
Using trust wallet you can keep the NFTs and collectibles you bought on NFT marketplaces. Or to collect interest while playing crypto games and discover the latest DApps (decentralized applications) and DeFi (decentralized finance) platforms.
One of the biggest benefits of trust wallet is that it supports almost all major cryptocurrencies such as Bitcoin, Ethereum and a lot more. Another one is that you can trade, buy, sell and manage your crypto tokens and NFTs on the trust wallet software.
Trust wallet also has its own built-in DeX (decentralised exchange). So you don’t need to login to a DeX every time you want to swap some tokens. And users can trade crypto or purchase using the built-in exchange by a card.
Metamask is mostly known for its interoperability. Aside from having smartphone softwares for both android and iOS, it also has a browser extension version which is compatible with Chrome, Firefox, Brave and Microsoft Edge.
On the other hand, metamask is also very safe and has millions of users all around the world. And like trust wallet it saves users private keys locally on their devices.
Using metamask you can also store the NFTs and crypto collectibles you bought online. And you can customize the chain you want to receive a token from. You must add the network manually to the metamask though.
Now that we have covered some of both crypto wallets best features, we can compare metamask vs trust wallet to find out which one is the best.
Metamask vs Trust Wallet: which one should I use?
Now let’s see metamask vs trust wallet, which one is better. Depending on how you’re looking to use your wallet, the answer may differ individually. Metamask can be used on PC as an extension on your browser as well as on your smartphone. But it only supports Ethereum tokens, and that’s what makes trust wallet to stand out.
Trust wallet also has a built-in DeX which is extremely helpful as you don’t need to login to a DeX every time you want to exchange some tokens. It also allows users to explore and use the latest DApps and DeFi applications.
The fact that trust wallet allows users to send and receive tokens through many different networks helps users to pay the minimum gas fee for their transactions. It helps us figure out metamask vs trust wallet dilemma easier.
So, by comparing these two we think that users are probably more comfortable using the trust wallet instead of the metamask.
Is metamask wallet the best?
If you’re a beginner in the crypto industry you might find the metamask crypto wallet extremely easy to use. And if your main goal is to trade Ethereum tokens, the metamask wallet may be perfect for you.
Can I use trust wallet with metamask?
Your trust wallet crypto wallet is secured by its secret recovery phrases and is on blockchain. Meaning you can access your assets on trust wallet by entering recovery seed phrases on metamask.
Can metamask hold Bitcoin?
No, the metamask wallet only supports Ethereum based tokens. That means metamask can’t be used to store Bitcoin tokens.