Trust Wallet vs Metamask: Which one should you use?

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If you’re new to the world of cryptocurrency, one of the first things you need to know is how to safely store cryptocurrency. Unlike traditional currencies, digital assets are not stored in a bank account. Instead, an electronic cryptocurrency wallet is used.  

Trust Wallet vs Metamask are popular cryptocurrency wallet options that offer many features and can be used for a variety of purposes.

However, to make a fair comparison between the two, we need more information about cryptocurrency wallets and the role they play in the broader scheme of things.

Trust Wallet vs. Metamask: Features

There are different types of crypto wallets, each serving a specific purpose. Desktop wallets are installed on a desktop computer and give the user full control over their private keys. Mobile wallets are installed on a mobile device and are convenient for transactions on the go.

Web wallets are hosted online and can be accessed from any device that has an Internet connection.

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That’s all there is to software wallets. It may surprise you, but there are also offline wallets for cryptocurrencies. Hardware wallets are physical devices that store a user’s private keys offline and provide an extra layer of security. There are also paper wallets, which are physical documents that contain the user’s private and public keys and allow the user to store their cryptocurrency offline.

Trust Wallet vs Metamask which is better? Each type of wallet has its features and benefits, and the best choice for you will depend on your specific needs and preferences. It is important that you carefully review the security measures of any wallet you are considering, as the loss of your private key could result in the ultimate loss of your money.

The most outstanding feature of Trust Wallet is its support for multiple blockchains and support of storing 250,000 digital assets. This gives the wallet user ample maneuverability in the cryptocurrency space with easy cold storage and asset management. Trust Wallet also stands out for its built-in exchange feature, which allows users to instantly exchange tokens or even buy cryptocurrency with a card.

While MetaMask, on the other hand, also comes with pretty robust security, it has significant limitations compared to Trust Wallet. Not only is MetaMask limited to Ethereum, but you also need to connect to DeX to exchange any tokens. Its most outstanding feature is that it has an intuitive user interface that makes it easy to use DeFi applications throughout the Ethereum ecosystem.

Trust Wallet vs Metamask
MetaMask is the leading self-custodial wallet. 

Both wallets are multi-purpose. Trust Wallet is great for introducing a whole new space of apps, like the decentralized applications (dApps) browser. Earning interest for coins stored in Trust Wallet is another important feature of this wallet. Most of the additional features that MetaMask has can be found in the Trust Wallet feature list. Thus, in terms of features, Trust Wallet is better.

Read more:  Metamask vs Ledger: Which one should you use?

What is a Trust Wallet? 

Similar to MetaMask, Trust Wallet is a Web 3.0 wallet with support for various tokens and digital assets based on the Ethereum ecosystem and beyond. It is a decentralized cryptocurrency wallet that comes with a mobile app as well as support for over 100,000 digital assets.

Trust Wallet was founded in 2017 by Viktor Radchenko (a Ukrainian software developer from the US) and has since worked as a cryptocurrency wallet without data storage.

By design, private and public keys in Trust Wallet are stored on the user’s device. This means that all transactions take place directly through interaction with various supported blockchains without third-party involvement.

Trust Wallet: Pros & Cons

All in all, Trust Wallet is a real “jewel” in the world of cryptocurrency wallets. It is easy to use, secure, and equipped with many features that make it a pleasure to use.

Pros  Cons  
A highly respected multi-crypto wallet launched as an open-source projectNo custom installation feature for the EVM blockchain
Bet coins like Binance Coin, Kava, and Cosmos to earn interestAbility to buy cryptocurrency directly from the wallet
Support for the multi-coin walletDoes not support hardware wallets 
Integration with centralized exchanges

What is a Metamask? 

MetaMask Wallet is by far one of the simplest and most popular Ethereum applications. Created to make storing Ethereum-based crypto-assets as easy as browsing the web, MetaMask brings convenience to the Ethereum ecosystem while eliminating the risk that comes with centralized crypto-asset storage.

MetaMask was founded in 2016 by ConsenSys and developed its mobile wallet app in 2019. It is a non-custodial wallet, meaning the private keys associated with the tokens in the wallet are stored on the user’s device, and the wallet interacts directly with the Ethereum network without the need for intermediaries. Upon installation, the user receives a file with private keys encoded into a seed phrase. This gives the user full control over the funds.

Metamask: Pros & Cons 

In general, Metamask is a powerful and user-friendly tool for managing and interacting with assets and dApps based on Ethereum. It offers several features and crypto security measures to help users manage their digital assets with confidence.

Pros Cons 
Available for popular browsersThis is a hot wallet
Open source and no restrictionsSupports Ethereum blockchain only
Easy to use and supports all Ethereum tokensEVM Maximalism
Flexible EVM blockchain supportManual addition of custom blockchains
Compatibility with hardware wallets

Trust Wallet vs Metamask: Currencies

Both wallets support many types of transactions and other activities. However, Trust Wallet seems to be a bit more diverse in this respect because it allows users to earn interest on the money they keep in Trust Wallet.

Trust Wallet
Trust Wallet is the best ethereum wallet and cryptocurrency wallet to store your favourite BEP2, ERC20 and ERC721, tokens. 

Both Metamask Wallet vs Trust Wallet support many cryptocurrencies in the Ethereum ecosystem. However, Trust Wallet leads the way as it supports all ERC20 tokens as well as thousands of other different assets spread across 33 supported blockchains.

MetaMask only supports storing Ethereum-based tokens, and the only way to store Bitcoin or foreign tokens on MetaMask is through wrapped derivatives such as WBTC. You can also store STORM, DAI, and many other Ethereum ecosystem tokens on MetaMask.

Trust Wallet vs Metamask: Fees

Trust Wallet calculates fees based on current network load and gas prices, guaranteeing users the lowest transaction fees. Moreover, Trust Wallet allows users to set their gas prices for transactions, giving them more control over the costs associated with sending a transaction.

Unfortunately, Trust Wallet does not provide the ability to preview the estimated cost of a transaction before sending a request.

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MetaMask provides a preview feature that allows users to estimate the cost of a transaction before sending it. What’s more, users can customize the fee according to their preferences – fast or cheap. Unfortunately, MetaMask charges a higher fee than Trust Wallet because of the default gas fee settings.

Comparing the fees associated with keeping funds in a Trust Wallet vs Metamask, MetaMask does not charge any additional fees. The only costs incurred are gas fees on transactions.

Similarly, Trust Wallet charges no fees and is free to use. There is also no subscription fee.

Trust Wallet vs Metamask: Customer Support

Trust vs Metamask wallets are distinguished by their community support, which makes them stand out in terms of acceptance and popularity. Trust Wallet is supported by the Binance exchange and boasts a large and active user base.

In addition, there is a special forum and social media channels where users can communicate and ask for help from other customers. Trust Wallet’s referral program also rewards users for inviting new users to its platform.

MetaMask has a smaller community compared to Trust Wallet. It has gained popularity among Ethereum users and developers because of its integration with the Ethereum network and its ability to interact with DApps. In addition, MetaMask provides developers with resources and tools to create Ethereum-based applications.

Both Trust Wallet and MetaMask provide customer support through various channels, including email and social media. However, the Trust Wallet team is more responsive and provides more detailed answers to user questions; thus, Trust Wallet provides a higher level of customer service.

Trust Wallet vs Metamask: Reputation and Trust

Both Trust Wallet vs Metamask security offer safe crypto and token storage. To ensure the security of these funds, both platforms support security methods that prevent vulnerabilities such as phishing attacks or start phrase hacks.

Unlike most centralized storage solutions, Trust Wallet and MetMask do not support 2FA because they do not store user data. Two-factor authentication (2FA) is a mechanism used to help users establish a second method of verification on their accounts or wallets.

Read more:  Trust Wallet vs Coinbase Wallet: Which one should you use?

Trust Wallet vs Metamask: User Experience

Trust Wallet offers a clean and user-friendly user interface. It also requires no storage and is accessible through Chrome, Brave, Opera, and Edge browsers. But like MetaMask, it is not available for desktop computers. So, if you’re looking for an easy-to-use wallet with a modern design, Trust Wallet is the one for you.

MetaMask, on the other hand, offers a basic and static user experience for EVM-based blockchain. It has no restrictions and can be accessed using Chrome, Firefox, Brave, Edge, and Opera browsers. Unfortunately, it is not available to download for desktop computers. 

According to user reviews, MetaMask and Trust Wallet offer unique services and features and support different types of cryptocurrencies and networks. But you may find that one wallet is more suitable for your particular use than the other.  

Trust Wallet vs Metamask: Mobile App

Both Trust Wallet and MetMask have a beginner-friendly user interface.

Setting up a wallet with MetMask, for example, can be done in a few simple steps. All you need to do is download the browser extension and set it up to get started in a matter of minutes. Trust Wallet is also easy to use and comes with a mobile app that is available on iOS and Android devices.

Trust Wallet vs Metamask: Deposit and withdrawal methods

We can probably say that Trust Wallet is more convenient than MetaMask in terms of available payment methods because the former supports credit/debit cards. Nevertheless, we can state that both wallets provide enough payment methods, so you will find a way to buy cryptocurrency, regardless of whether you use Trust Wallet or MetaMask.

Conclusion

The main goal of hot wallets is to easily conduct peer-to-peer cryptocurrency transactions while providing a good level of personal asset security. MetaMask focuses on Ethereum and Web3 blockchains, while Trust Wallet diversifies by offering the ability to run a single network as well as several per wallet.

Although MetaMask has been around longer and has a loyal following, Trust Wallet is just as quickly gaining popularity among users who prefer a flexible wallet without restrictions that supports more blockchains.

Both wallets are easy to use, but Trust Wallet perhaps stands out for its integration with other cryptocurrencies and third-party exchanges.

There is no single answer to the question of whether MetaMask or Trust Wallet is better; it depends on your needs. If your assets are focused mainly on Ethereum and EVM-compatible networks, you may choose MetaMask.

However, if you prefer to store multiple cryptocurrencies from different chains (e.g. bitcoin and Ether) in the same wallet, you might be more comfortable with a Trust Wallet.

It’s also important to weigh your security needs against the need to easily make transactions with your crypto assets. In this regard, it is important to note that cold wallets tend to be more secure and less flexible. Consequently, you may want to consider storing most of your assets in hardware wallets and using Trust Wallet and/or MetaMask for regular cryptocurrency transactions. At the same time, always follow the security rules.

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