Trust Wallet and MetaMask — are noncustodial crypto wallets used by millions of people worldwide. These hot wallets allow users to securely store, send, receive, exchange, and purchase cryptocurrencies. They also provide access to decentralized applications (DApps) and decentralized finance (DeFi) projects, including staking capabilities.
Both wallets are free to use, but additional fees may apply. Each has its own unique advantages and differences based on supported cryptocurrencies and blockchain networks.
- Supported Cryptocurrencies and Blockchain Platforms
- Wallet Security and Privacy
- Trust Wallet and MetaMask: DeFi and DApps Support
- Comparison of Trust Wallet and MetaMask
Supported Cryptocurrencies and Blockchain Platforms
Trust Wallet supports over 250,000 cryptocurrencies and tokens on more than 65 blockchains. These include the largest and most popular networks, such as:
- Bitcoin
- Ethereum
- BNB Chain
- Avalanche
- Solana, and others
MetaMask, on the other hand, focuses on supporting Ethereum and any Ethereum-based tokens, such as ERC-20 tokens. Additionally, MetaMask allows adding networks compatible with the Ethereum Virtual Machine (EVM), including:
- BNB Chain
- Polygon
- Avalanche
- Optimism
Both Trust Wallet and MetaMask support non-fungible tokens (NFTs). However, their NFT compatibility depends on the network supported by the wallet. For example, MetaMask only supports Ethereum-compatible tokens, which limits its capabilities compared to Trust Wallet.
Overall, the choice between Trust Wallet and MetaMask will depend on your needs for supported cryptocurrencies and networks, as well as compatibility with NFTs and other decentralized applications.
Wallet Security and Privacy
Security and privacy — are key aspects that make Trust Wallet and MetaMask popular among cryptocurrency users. Both wallets are noncustodial, meaning users have full control over managing their private keys and funds. Private keys are encrypted and stored directly on the user's device, ensuring wallet access only to its owner.
Key security features:
- Private Keys: Private keys are encrypted and stored on the user's device, preventing third-party access.
- Seed Phrase: Both wallets can be backed up using a 12-word seed phrase, allowing access recovery if the device or data is lost.
- Biometric Authentication: For additional security, both wallets support biometric authentication using fingerprint or face recognition, making unauthorized access more difficult.
Trust Wallet and MetaMask do not collect personal user information, allowing users to remain anonymous when using the wallets. This means transactions and fund management remain private unless the user decides to purchase cryptocurrency with fiat money. In this case, Know Your Customer (KYC) verification may be required, involving the provision of personal information to comply with regulatory requirements.
Additional measures:
- Anonimity: Both wallets can be used anonymously if fiat payments are not involved.
- Encryption: All data and transactions within the wallets are encrypted, ensuring a high level of security.
The choice between Trust Wallet and MetaMask regarding security and privacy may depend on the user's personal preferences and requirements. Both wallets offer reliable methods for protecting private keys, data backup, and support biometric authentication, making them secure and convenient tools for managing cryptocurrencies.
Trust Wallet and MetaMask: DeFi and DApps Support
Trust Wallet and MetaMask — are two popular noncustodial crypto wallets that offer users broad access to decentralized finance (DeFi) and decentralized applications (DApps). Both wallets provide users with the ability to interact with various blockchain networks and projects, but there are some differences in their features and compatibility.
Staking
Both wallets support staking, allowing users to earn rewards for participating in Proof-of-Stake (PoS) networks. Trust Wallet offers staking for several networks, including Ethereum, Cosmos, Tezos, and Tron. However, it should be noted that staking is not available in the Trust Wallet browser extension. MetaMask supports staking in networks such as Ethereum, Polygon, and Avalanche.
DeFi and DApps Support
Both wallets provide access to DApps and DeFi projects. Successful interaction with DApps depends on whether the wallet supports the relevant blockchain host network. For example, if a DApp operates on Ethereum, it will be compatible with MetaMask, which supports Ethereum and compatible networks.
The following table compares the staking and token swap fees for Trust Wallet and MetaMask:
| Aspect | Trust Wallet | MetaMask |
|---|---|---|
| Staking | Ethereum, Cosmos, Tezos, Tron (not available in the browser extension) | Ethereum, Polygon, Avalanche |
| DApps and DeFi | Supports DApps and DeFi if the wallet supports the relevant blockchain host network | Supports DApps and DeFi if the wallet supports the relevant blockchain host network |
| Swap Fees | Free, except for provider and network fees | Charges a markup on the exchange rate for its token swap feature |
| Gas Fees | Standard gas fees apply for transactions in DApps | Standard gas fees apply for transactions in DApps |
| PoS Network Support | Ethereum, Cosmos, Tezos, Tron | Ethereum, Polygon, Avalanche |
Both Trust Wallet and MetaMask offer reliable solutions for working with DeFi and DApps. The choice between them will depend on your preferences and requirements for supported networks, staking features, and fee structures. Trust Wallet provides more staking options in the mobile version, while MetaMask offers more flexible conditions for token swaps and support for additional networks.
Comparison of Trust Wallet and MetaMask
Trust Wallet Token (TWT) — is a utility token operating on the BNB Smart Chain (BEP-20) network, providing Trust Wallet users with various benefits and incentives. These benefits can include discounts on cryptocurrency purchases and the use of decentralized exchange (DEX) services. TWT holders can also participate in the wallet’s governance by voting on proposals regarding its future development and functionality.
In early 2023, MetaMask announced the launch of its own token and the creation of a decentralized autonomous organization (DAO). However, as of March 2024, details about this token and DAO remain unknown.
Pros and Cons of Trust Wallet
Trust Wallet offers a simple user interface that is user-friendly for beginners and supports numerous coins and blockchains, including Bitcoin, Solana, XRP, Cardano, and others that are not supported by MetaMask. Due to its acquisition by Binance in 2018, Trust Wallet has enhanced integration with BNB Chain. Additionally, it is compatible with ERC-721 and ERC-1155 NFT standards, as well as NFTs on Solana, Polygon, Optimism, BNB Chain, and other networks. Trust Wallet does not charge a markup for DEX token swaps and staking, although third-party provider fees still apply. The main drawback is the lack of live customer support; all inquiries are handled via a support form. Also, fees apply when purchasing cryptocurrencies with fiat money.
Pros and Cons of MetaMask
MetaMask supports cryptocurrencies on the Ethereum blockchain and networks compatible with the EVM, such as Arbitrum, BNB Chain, Optimism, Polygon, and Avalanche. It is one of the most popular wallets for Ethereum. Its interface is more advanced and customizable, which can appeal to experienced users.
MetaMask offers live support via a bot and human support agents in chat. The wallet is pre-configured to access Ethereum, but users can manually add EVM networks and compatible tokens. However, MetaMask charges a markup on the exchange rate for its DEX token swap feature, and third-party staking provider fees also apply. Fees are also present for purchasing cryptocurrencies with fiat money.
As one of the cryptocurrency experts noted:
Therefore, the choice between Trust Wallet and MetaMask depends on your individual needs and preferences. Trust Wallet may be suitable for those seeking a simple interface and broad support for various cryptocurrencies and networks. MetaMask, on the other hand, is suitable for more experienced users who value customization flexibility and live support. Regardless of the choice, both wallets offer reliable features for managing cryptocurrencies and interacting with DeFi and DApps.
