Compare Wallet Features
MetaMask and Trust Wallet are both popular non-custodial wallets used to store and manage cryptocurrencies.
While both wallets provide easy access to decentralized finance (DeFi) and various blockchain networks, they differ in supported assets, user experience, and security features.
Here’s a side-by-side comparison to help you decide which one suits your needs better.
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Ease of Use, Accessibility & Supported Cryptocurrencies
If you prioritize a wide range of cryptocurrencies, Trust Wallet is the clear winner.
However, if you are heavily invested in the Ethereum ecosystem, MetaMask offers a more specialized and optimized experience.
MetaMask offers a seamless experience with its browser extension and mobile app. It focuses on Ethereum-based assets like Ether (ETH), ERC-20 tokens, and NFTs.
The user interface is simple, making it easy for both beginners and advanced users to interact with DeFi platforms and decentralized applications (dApps).
MetaMask also supports Ethereum-compatible networks like Polygon and Binance Smart Chain.
However, its narrow focus on Ethereum-based assets means you’ll need a different wallet for Bitcoin and other non-Ethereum tokens.
Trust Wallet provides access to +5,000 cryptocurrencies across more than 100 blockchains, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
It’s a mobile-only wallet, with no desktop application. The wallet’s intuitive design makes it beginner-friendly, and it supports both ERC-20 and BEP-20 tokens.
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Buy/Sell Cryptocurrencies
Both wallets support buying crypto with fiat, but Trust Wallet offers more purchase options with its wider asset support. MetaMask is limited by its focus on Ethereum and related tokens.
MetaMask allows users to buy cryptocurrencies through third-party providers like MoonPay, Transak, and Sardine.
However, purchasing options are limited to Ethereum-based assets, and buying is only available in certain regions. In the U.S., you can buy crypto with a debit card or PayPal, but some services may not be available depending on your state.
MetaMask does not support direct fiat-to-crypto withdrawals, so users must move their assets to an exchange to sell for fiat.
Trust Wallet also supports buying crypto with fiat money via third-party providers like MoonPay and Ramp. It allows users to purchase popular coins like Bitcoin, Ethereum, and Binance Coin using debit/credit cards or bank transfers.
Trust Wallet provides a wider range of purchase options due to its broad multi-chain support. However, like MetaMask, Trust Wallet does not allow direct fiat withdrawals
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Swap/Exchange Cryptocurrencies
While both wallets offer swapping features, Trust Wallet has an edge in its broader multi-chain support, allowing easier swaps across different networks, including Binance Smart Chain. MetaMask is more Ethereum-focused.
MetaMask has a built-in swap feature, allowing users to exchange one cryptocurrency for another directly within the wallet. It utilizes decentralized exchanges (DEXs) like Uniswap and 1inch, ensuring the best possible prices.
Users can swap assets quickly and easily, but the 0.875% service fee and Ethereum gas fees can add up during peak congestion.
Trust Wallet lets users swap cryptocurrencies directly in the app via decentralized exchanges. Swapping incurs no additional fees, although users still pay network transaction fees.
Trust Wallet's integration with PancakeSwap and other DeFi platforms makes it a convenient option for quick exchanges, especially for Binance Smart Chain assets.
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Staking Integration
MetaMask does not offer native staking, but it allows users to stake Ethereum and ERC-20 tokens through third-party integrations like Lido or Rocket Pool.
Users can earn staking rewards while maintaining control over their assets, making MetaMask a solid choice for users looking to stake ETH.
Trust Wallet offers native staking for over 20 cryptocurrencies, including Ethereum 2.0, Solana, and Tezos. It allows users to easily earn passive income by staking directly within the app.
With zero fees for staking and the ability to view APYs before committing, it’s a user-friendly option for staking enthusiasts.
Trust Wallet offers more robust and native staking integration, making it ideal for users who want a simple staking experience. MetaMask, on the other hand, requires third-party platforms for staking.
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Security and Privacy Features
MetaMask offers solid security with private keys encrypted and stored locally. It supports hardware wallet integration with Ledger and Trezor for added protection.
However, it lacks two-factor authentication (2FA) and multi-signature support, making it more vulnerable to phishing and malware attacks.
Trust Wallet also encrypts private keys locally and offers hardware wallet integration with Ledger. It supports biometric authentication, adding an extra layer of security for mobile users.
Like MetaMask, Trust Wallet is a hot wallet, which makes it vulnerable to internet-based attacks.
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NFT Support and DeFi Integration
MetaMask provides excellent support for NFTs, automatically detecting ERC-721 and ERC-1155 tokens. It integrates seamlessly with NFT marketplaces like OpenSea and Rarible.
In terms of DeFi, MetaMask excels with its easy access to platforms like Uniswap, Aave, and Compound. Users can trade, lend, borrow, and stake directly from the wallet, enhancing its DeFi functionality.
Trust Wallet also supports NFTs, displaying ERC-721 and ERC-1155 tokens in its interface. It connects with NFT marketplaces and DeFi platforms like PancakeSwap and Aave, offering users the ability to trade, stake, and lend their assets.
Trust Wallet's multi-chain support broadens DeFi opportunities for users across different networks.
Overall, Both wallets support NFTs and DeFi, but Trust Wallet stands out with its broader multi-chain integration, whereas MetaMask is a strong choice for Ethereum-focused users.
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Backup, Recovery, and Multi-Signature Support
Both wallets use similar backup methods, but Trust Wallet adds biometric security for mobile users. MetaMask offers a more secure recovery experience with hardware wallet integration.
MetaMask uses a 12-word recovery phrase for backup, making it easy for users to restore their wallets. It does not support multi-signature transactions, meaning a single private key controls all actions.
Trust Wallet also uses a 12-word recovery phrase for backup, which is the only way to restore access to a wallet. Like MetaMask, it doesn’t support multi-signature or 2FA.
MetaMask uses a 12-word recovery phrase for backup, making it easy for users to restore their wallets. It does not support multi-signature transactions, meaning a single private key controls all actions.
Trust Wallet also uses a 12-word recovery phrase for backup, which is the only way to restore access to a wallet. Like MetaMask, it doesn’t support multi-signature or 2FA.
Users can back up their recovery phrase securely, and Trust Wallet integrates with hardware wallets for added protection.
Which Investors May Prefer MetaMask Wallet?
MetaMask is ideal for Ethereum-focused investors who want to interact with DeFi platforms, NFTs, and Ethereum-based assets.
Ethereum-Focused Investors: Perfect for users invested in Ether (ETH), ERC-20 tokens, and NFTs.
DeFi Enthusiasts: Seamless access to decentralized finance platforms like Uniswap and Aave.
NFT Collectors: Auto-detection of ERC-721 and ERC-1155 tokens for easy NFT management.
Advanced Users: Ideal for those comfortable using Ethereum gas fees and interacting with Layer-2 solutions.
Which Investors May Prefer Trust Wallet?
Trust Wallet is a versatile choice for investors who need multi-chain support and the ability to store a wide variety of cryptocurrencies.
Multi-Chain Investors: Supports over 10 million assets across 100+ blockchains, including Bitcoin, Ethereum, and Solana.
Crypto Newbies: Simple, user-friendly interface ideal for those just starting in the crypto space.
NFT & DeFi Enthusiasts: Full access to decentralized exchanges and NFT marketplaces like PancakeSwap and OpenSea.
Staking Investors: Built-in staking feature with zero fees and rewards for over 20 cryptocurrencies.
Bottom Line
MetaMask excels in Ethereum-based assets and DeFi integrations, making it ideal for users deeply involved in the Ethereum ecosystem.
Trust Wallet, on the other hand, offers broader multi-chain support, making it the best option for investors who need access to a wide variety of cryptocurrencies, NFTs, and DeFi platforms across multiple blockchains.
