Self-custody has become a prevailing need for crypto investors following the implosion of leading centralized lending platforms and exchanges.
Decentralized mobile wallets like MetaMask and Trust wallet are popular solutions for investors to self-custody their assets with greater convenience. If you want to learn the difference between custodial and non-custodial wallets, see this Coinfomania article.
If you’ve ever had a problem choosing between MetaMask and Trust Wallet, then this article will prove helpful. Let’s have a deep dive into the individual wallets.
Trust Wallet
Trust Wallet was founded in November 2017 by Viktor Radchenko. Binance acquired Trust Wallet in 2018 and made it the official crypto wallet of BNB Chain.
Trust Wallet is easy-to-use and user-friendly. Trust Wallet offers users over 4.5 million crypto assets and cuts across over 60 blockchains.
Apart from storing digital assets, Trust Wallet also gives users access to dApp browsers. These browsers are used to access centralized exchanges like PancakeSwap and Uniswap. Trust Wallet is a non-custodial wallet and a hot wallet.
Most of the features of the Trust Wallet are very cool. If you are considering choosing the Trust Wallet, relax; the Metamask wallet might excite you better.
MetaMask
ConsenSys created the Metamask wallet in 2016. It is a wallet that can interact with the Ethereum blockchain, Layer2, and EVM-compactible blockchains. MetaMask was first created as a browser extension but is now available on iOS and Android.
MetaMask connects users to decentralized finance (DeFi) platforms. It supports ERC-20 token standards and can be used to store any asset on the Ethereum blockchain.
Metamask is very popular among crypto users. It boasts over 10 million downloads of its Chrome extension. Over 15 million users have also downloaded Metamask’s mobile wallet.
One distinguishing feature of MetaMask is its simple swapping feature; users can swap any token in a few steps. It also offers a more robust security protocol than Trust Wallet, although they are both self-custodial and hot wallets.
Having discussed both Trust Wallet and MetaMask wallet, you might wonder about the key similarities and differences between both wallets. We will dissect that for you and help you decide which suits you.
Trust Wallet vs MetaMask
Trust wallet and MetaMask are great decentralized wallets. They have been around for some time and serve their users well. Choosing between these wallets will depend on the user’s personalized wallet requirements, as both share similar features.
Supported Coins and Networks
MetaMask is an Ethereum-focused wallet. The wallet developers only built support for EVM blockchains, meaning they can store a limited number of coins and tokens. Users with tokens in chains that are not Ethereum-native would have to pitch their tents elsewhere. Popular Ethereum-native networks supported by MetaMask include Polygon, BNBChain, Avalanche, and Fantom.
Trust wallet, on the other hand, supports tokens of multiple chains. It is not blockchain-biased, allowing investors with various assets to store them all in one place. The multi-chain tolerance of the Trust wallet makes it one of the best NFT wallets to use and better than Metamask in this respect. Users can diversify their portfolios and still get the same experience doing so.
User Interface
Trust Wallet is known for its user-friendly interface. It is so easy to use that a basic investor with minimal technological exposure can use the wallet. It has action buttons, and each tool is boldly spelled out for easy understanding.
MetaMask also boasts of a good user interface but falls short of Trust Wallet. Amateur investors might struggle to use the wallet as some features are less straightforward than Metamask’s.
Trust Wallet wins against MetaMask in this respect as its user interface is beginner-friendly and has improved overtime.
Supported Devices
Both Trust Wallet and MetaMask can be used on Andriod, iOS, and web extensions. However, Trust wallet does not support hardware wallets. Hardware wallets are physical wallets where users can securely save their private keys.
MetaMask has a hardware wallet support system enabling users to connect their physical wallets. Trust wallet does not have this feature for now, meaning it has limited supported devices compared to MetaMask.
Security
Security-wise, Trust Wallet and Metamask are evenly matched. Since they are hot wallets, and both offer security features like pass phrases, face ID, and biometric authentication, there is not much difference between them.
The only extra security Metamask has is its ability to support cold wallets. This allows users to easily secure their tokens and swap them for other assets at will.
Final words
There is no outright winner in this article comparing Trust wallet and Metamask. Both applications are unique in their own way and give users options. Selecting between them now depends on your needs. If you have multi-chain tokens, Trust wallet should be your best bet. If most of your projects are Ethereum-centred, Metamask should be a good choice.
