MetaMask vs. Trust Wallet: Comparison of Crypto Wallets
Most crypto wallets out there often belong to a major centralized crypto exchange.
So, when a user wants to trade, buy, or sell tokens, they are automatically stored on Binance, Coinbase, Crypto.com, and more.
But what happens when users want to add tokens outside the boundaries of these exchanges?
That’s when the software wallet concept comes into the scene: you can store your assets, access funds and manage transactions in non-custodial wallets.
Trust Wallet offers the possibility to have full control of your private keys and digital assets, but so does MetaMask.
So, which one is the best wallet, then?
You are about to find out.
Read this blog post further to get all the information you need about the following topics:
- MetaMask vs. Trust Wallet: what’s the best crypto wallet?;
- Full review of both wallets’ features;
- Things you need to know before choosing one of the two options.
The Importance of Choosing a Secure Multi-Crypto Wallet
Choosing a cryptocurrency wallet is not an easy task.
Decentralized finance protocols represent a massive step towards the imminent decentralization of the world’s financial system.
Obviously, you could simply keep your crypto portfolio on your exchange account, but there’s always a risk related to losing your precious digital assets.
That’s why looking for a wallet with good functionality, a wide variety of options, and ease of access is a must to keep all your earnings safe within just one place.
Pro Tip: Coinbase and Binance are two of the most important exchanges out there.
Nonetheless, there are some remarkable differences between them that you must take into account before choosing one, so read our Binance vs. Coinbase blog post to learn more.
Trust Wallet and MetaMask General Features
First, let’s start with Trust Wallet.
Trust Wallet is a mobile-based wallet that grants users easy access to their assets from their phones.
Its mobile application supports Bitcoin network, Ethereum DApp world, custom networks, and more.
Browsing decentralized applications here is easy thanks to the option to Connect Trust Wallet to PancakeSwap and other decentralized apps.
On the other hand, MetaMask users experience MetaMask’s key vault, secure logins, a custom token button, the possibility to broadcast transactions, an app lock option, and more.
The user’s private keys are safe and sound, thanks to the extended security measures of the platform.
These are features that can also be found on the Trust Wallet App, allowing users to fully trust their account keys in a secure environment.
Pro Tip: Both wallets have a mobile app, but they are different from each other.
Either way, it’s common in a software wallet to use a backup phrase as a private key, which you must store to properly recover access in case you lose it.
This also happens in other wallets, such as Coinbase Wallet. Learn more about Coinbase Wallet vs. Coinbase here.
MetaMask vs. Trust Wallet: Face to Face
So, you can have an Ethereum wallet, Bitcoin wallet, and other wallets both in Trust Wallet and MetaMask.
You can add Binance Smart Chain, Bitcoin Blockchain, and Ethereum Chain to Trust Wallet and also Add Binance Smart Chain to MetaMask.
But now it’s time to talk about the differences between these two wallets offered to the crypto world.
Fasten your seatbelts, and let’s start!
Trust Wallet vs. MetaMask: Devices and Interface
Trust Wallet is essentially a mobile-only app.
You can download it for iPhone and Android devices from the Google Play Store and the App Store.
Now, MetaMask also has a mobile app, but it’s not a mobile software only.
MetaMask browser extension can be linked with desktop browsers, such as Google Chrome, just by tapping the wallet button.
The private keys would subsequently be stored in the device with the browser extension of the MetaMask wallet.
Users could also do the same with the mobile application if they please.
Besides, MetaMask features a really simple user interface, which makes it a great option for starters.
So, in this stage, we have a clear winner: Metamask wallet.
Trust Wallet vs. MetaMask: Digital Currencies and Crypto Assets
MetaMask offers access to the Ethereum Blockchain, and so does Trust Wallet.
ERC20 tokens that belong to the Ethereum blockchain are now the absolute leaders of the crypto universe.
Managing Ethereum based tokens and other non-fungible tokens is elementary in both platforms.
Trust Wallet supports more than just Ethereum, which is why it is the preferred one to make transactions.
Using your debit card to purchase tokens on the Ethereum Chain is really easy in Trust Wallet.
Besides, the wide variety of options related to other compatible Blockchain networks makes Trust Wallet a much more versatile alternative to store your crypto assets.
Here, Trust Wallet takes the lead.
Trust Wallet vs. MetaMask: Security Features
Let’s talk about security.
You can export private keys on Trust Wallet to keep it locked at your will.
On the other hand, the Transaction Signing Option allows you to get a notification every time a transaction takes place.
On MetaMask, all your information is protected with your MetaMask password.
Whenever you receive Ethereum based tokens or store assets, these transactions are not backed up by public keys.
Overall, we can safely say that there’s a tie here.
Both Trust Wallet is safe, and Metamask is safe too.
Nonetheless, none of them is as safe as a hardware wallet.
A cold wallet, or offline paper wallet, is not connected to the internet.
Cold storage offline wallets, such as Ledger Nano X, are the absolute best option for you if you actually care about safety above everything else.
Trust Wallet and MetaMask Wallet Fees
MetaMask has fixed fees and network fees that vary depending on different factors.
Whenever you use a wallet QR code to send assets, some fees occur there.
So, overall, there are fees for pretty much everything, but they can be as low as they get.
Now, let’s take a look at the other side of the coin: Trust Wallet has a zero-fee model.
The only Trust Wallet Fees you must worry about are those related to the exchange you are using.
Thus, sending or receiving funds in Trust Wallet is way cheaper.
Winner: Trust Wallet, of course
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Trust Wallet and MetaMask Wallet: Which one is the Best Wallet?
There you go - we broke down all features of these wallets for you.
Which one are you going to choose?
Trust Wallet offers cheaper transactions and more crypto options, but MetaMask has a great interface and more versatile versions.
Ultimately, the choice is yours!
MetaMask vs Trust Wallet FAQ
What is a Hot Wallet in Crypto?
Hot wallets are crypto wallets that are connected to the internet.
On the other hand, cold wallets are the hardware wallets that work perfectly without an internet connection.
Can I Have Multiple Wallets at the Same Time?
Yes, you can! You don’t have to limit yourself just to one wallet type.
You might as well store some cryptos in Trust Wallet and some others in MetaMask - it’s your call.
Steve specializes in cryptocurrency and finance. As a born researcher, he won’t leave any stone unturned when it comes to topics he covers.