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The difference in comparison: MetaMask vs Trust Wallet

Metamask vs Trust Wallet

There is no doubt that DeFi (decentralised finance) wallets are an important component of creating an intuitive, secure and easily accessible DeFi ecosystem.

Decentralised cryptocurrency wallets are becoming increasingly popular, and users can choose from a variety of options. MetaMask and Trust Wallet are two favourites in this area.

When you’re just getting started with cryptocurrencies, you need to store your coins. While there are many options available, some will suit you better than others, depending on your needs and preferences.

Consequently, MetaMask and Trust Wallet perform the same function for most blockchain-based tokens. However, they do differ in several ways.

This is an important distinction because it affects the types of cryptocurrencies or tokens you can store in any cryptocurrency wallet.

Here’s a comparison of most of the key features to consider in MetaMask and Trust Wallet to help you decide which one is best for you.

You need to know all about MetaMask and Trust Wallet: what they are, how they work and why you should use one over the other.

MetaMask overview

MetaMask is a web extension for the Ethereum browser. You can interact with dApps and execute smart contracts in your regular browser. MetaMask also supports Ether tokens, ERC-20 and other Ethereum-based coins.

MetaMask is a free extension that allows you to access Ethereum applications through browsers such as Google Chrome and Mozilla Firefox.

Since its launch in early 2017, MetaMask has grown considerably in popularity, and it has proven worthy of its reputation as one of the most user-friendly wallets.

It can be used by people with no experience with Ethereum or cryptocurrencies. This is because MetaMask does not require users to download their blockchain, which would take a very long time to sync.

Instead, it runs on top of existing networks (such as Ethereum) via dApps (decentralised applications). The interface is simple enough to understand, even if you know little about cryptocurrency.

It offers many features, including private key management, transaction signing and transaction sending.

  • ✍ To send transactions using MetaMask, you must first add payment details (e.g. address) by clicking + “Add Data” under “ETH Addresses” on the settings tab.
  • ✍ You will then be able to choose whether you want to send ETH or ERC-20 tokens when making payments using MetaMask by selecting ETH or tokens from the drop-down menu (next to the “Send” button at the bottom right of the screen) where your account balance is displayed.

This article discusses a comparison of MetaMask and Trust Wallet and their pros and cons.

MetaMask Pro

MetaMask helps you interact with decentralised applications running on the Ethereum network. It is easy to use and costs nothing. It will securely store your private keys and passwords so that no one else can access them.

MetaMask is a web extension

This way, whenever you log into an app or a web page, MetaMask will make sure that it is legitimate before allowing it to do anything else with your funds.

These transactions are stored in a blockchain and are permanently recorded publicly, meaning that there is no way for someone to steal your funds without knowing your private key or password.

MetaMask Con

MetaMask is not suitable for beginners as it has a learning curve that can be frustrating and intimidating for new users, meaning that it is ideal for blockchain professionals. It is resource intensive and doesn’t run smoothly on smartphones.

Finally, Chrome’s support has steadily declined over time – some of your favourite websites will not work correctly.

Trust Wallet Overview

If you’re an Ethereum user, there’s a good chance you’ve come across Trust Wallet at some point. It’s easy to see why so many people think it looks familiar because at some point it was made by the Ethereum wallet giant.

With over 3 million downloads and counting, its security features are among the best in the blockchain field.

The company has also recently partnered with Binance to directly offer secure mobile cryptocurrency through6 your browser. There’s a lot to love about Trust Wallet, but let’s delve deeper into what makes it so great.

Trust Wallet Pro

  • ⭐ It’s quick and easy, meaning you can go from creating an account to sending/receiving tokens in minutes.
  • ⭐ The app also has an easy-to-use interface (compatible with Android and iOS devices), making it ideal for novice or non-technical users.
  • ⭐ Trust Wallet allows almost universal use, supporting the most significant Ethereum-based coins and ERC-20 tokens.
  • ⭐ In addition, transactions are anonymous and secure, something that no other wallet provider can claim right now.
  • ⭐ Finally, thanks to its speed and ease of use, Trust Wallet makes cryptocurrency investment accessible to everyone – even to those who aren’t tech-savvy enough to use some of its more sophisticated competitors.

Disadvantages of Trust Wallet

  • ???? Aside from the lengthy registration process, there are a few other minor drawbacks to using Trust Wallet. You need a Google account to withdraw cryptocurrency from the wallet, which is somewhat inconvenient.
  • ???? The company has also not established itself as a widely trusted company in cryptocurrency circles (yet).
  • ???? Also, if you want to invest in a wider range of altcoins, than most wallets offer on their platforms, you might want to look elsewhere; however, if you’re mainly focused on Ethereum and ERC-20 tokens, this is probably not a problem.
  • ???? Finally, many crypto users have complained about how difficult it is to contact support when problems arise.

Now that you know the pros and cons of MetaMask and Trust Wallet, let’s check out a comparison of the following features.

Trust and security

MetaMask comes with an extension for Chrome that generates your wallet, but it is not open source and has security issues.

MetaMask was hacked in April 2018 and over 20,000 users lost their ETH. Trust Wallet has a higher level of security and reliability as it has never been hacked.

The developers of Trust Wallet say they want to become a popular cryptocurrency wallet offering additional in-app services.

They are working to expand their offerings and create more affordable ways to trade cryptocurrency.

Withdrawal

There are many cryptocurrency wallets on offer, but it’s worth taking some time to choose one that suits your needs.

Withdrawal MetaMask and Trust Wallet

Both MetaMask and Trust Wallet are free to download, and their features are very similar. However, they have subtle differences and offer different features.

If security is important to you, think about which third-party extensions you want to use in your wallet (most of them require upgrades and potential fees) before you decide.

Remember, it’s not about picking a winner, it’s about choosing what’s best for your situation, and exercising appropriate caution when searching for wallets online.

Richard Urban
Author and expert: Richard Urban
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