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Trust Wallet and MetaMask are two of the most popular decentralized wallets in cryptocurrency. While both serve similar functions, some distinct differences may influence a user’s preference when selecting the wallet that they should use.
Trust Wallet provides a mobile-only experience, while MetaMask is accessible on both desktop and mobile. Trust Wallet supports more cryptocurrencies with an easier-to-use interface, while MetaMask boasts extensive customization options and advanced capabilities.
Both wallets have their advantages and disadvantages, making it essential for users to assess their needs and preferences before selecting the ideal option. In this article, we’ll look at the key differences between Trust Wallet and MetaMask in order to help users make an informed decision.
Trust Wallet vs MetaMask: Side-by-Side Comparison
| Feature | Trust Wallet | MetaMask |
|---|---|---|
| Launch Year | 2017 | 2016 |
| Company | Binance | ConsenSys |
| Wallet Type | Mobile | Browser Extension |
| Supported Platforms | Android, iOS | Chrome, Firefox, Brave |
| Coins/Tokens Supported | 160+ | 100+ |
| Security Features | PIN, Biometrics, 2FA | Password, Seed Phrase, 2FA |
| Community Support | 24/7 Online Chat Support | Community Forum |
Trust Wallet vs MetaMask: What’s the Difference?
Trust Wallet and MetaMask are two primary cryptocurrency wallets. Both provide users with a secure, convenient way to store and manage their digital assets. However, there are some key differences between the two wallets.
User Interface (UI)
Trust Wallet and MetaMask offer distinct user interfaces (UIs). Trust Wallet stands out as a mobile wallet with its straightforward, user-friendly UI designed specifically for smartphones. Also, its dark mode feature reduces eye strain for those who spend long hours on their phones.
Trust Wallet also features a DApp browser that enables users to access decentralized applications (DApps) directly from their phones, simplifying navigation even further.
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MetaMask, on the other hand, is a browser extension wallet designed with desktop users in mind. Its uncluttered UI makes it user-friendly and provides an overview of account balances, transaction history, and network status on one screen. Furthermore, MetaMask boasts a DApp browser that lets users access decentralized applications directly from their desktop computers.
Cross-Chain Support
Trust Wallet and MetaMask differ in that they both support cross-chains. Trust Wallet supports various blockchains, such as Ethereum and Binance Smart Chain, making it ideal for users who hold multiple cryptocurrencies.
Users can seamlessly switch between blockchain networks using Trust Wallet. Additionally, the wallet enables sending and receiving digital coins across different blockchains — making it highly versatile.
MetaMask only supports the Ethereum blockchain and tokens, restricting its usage to this network. Furthermore, the wallet has integrated support for the Ethereum Name Service (ENS), allowing users to send and receive transactions using human-readable names instead of complex wallet addresses.
Security Features
Trust Wallet and MetaMask both provide top-notch security features to safeguard users’ funds from unauthorized access. Trust Wallet utilizes industry standard protocols like a 12-word recovery phrase, Touch ID, and Face ID authentication options.
Also, users can enable a security lock that requires them to enter a password in order to gain access to their funds. Furthermore, Trust Wallet is open-source, so users can audit its codebase for the verification of its security measures.
MetaMask also employs industry-standard security protocols, including a 12-word recovery phrase and password protection. Furthermore, the wallet offers the option to use hardware wallets such as Ledger or Trezor for extra funds security.
Moreover, MetaMask allows users to customize the gas fee for transactions, enabling them to prioritize either speed of execution or cost efficiency.
Availability
Trust Wallet and MetaMask differ in terms of their availability across various platforms. Trust Wallet is a mobile wallet available for both Android and iOS devices, making it ideal for users who like to manage their cryptocurrencies on the go.
Users can download it free from the Google Play Store or Apple’s App Store at no cost. Furthermore, Trust Wallet has a browser extension for desktop users who prefer managing crypto assets using a web browser.
MetaMask, on the other hand, is a desktop wallet that’s available through browser extension stores for popular web browsers like Chrome, Firefox, and Brave. MetaMask can be downloaded at no cost from these respective stores.
Thankfully, it now has a mobile application, making it more convenient for those who prefer managing their cryptocurrencies on mobile devices.
Transaction Fees
Trust Wallet calculates fees based on current network congestion and gas prices, guaranteeing users the lowest fees for their transactions. Furthermore, Trust Wallet allows users to set custom gas prices for transactions, giving them more control over costs associated with sending a transaction.
Unfortunately, Trust Wallet does not provide an option to preview estimated transaction costs before sending the request.
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MetaMask provides a preview feature that lets users estimate the transaction cost before sending it off. Furthermore, users have the option to customize the gas fee according to their preference — fast or cheap. Unluckily, MetaMask charges higher fees than Trust Wallet due to its default gas fee settings.
Community Support
Trust Wallet and MetaMask differ in community support, making them stand out in adoption and popularity. Trust Wallet is backed by Binance exchange and boasts a large and active user base.
Furthermore, there’s a dedicated forum and social media channels where users can connect and seek assistance from other customers. Trust Wallet’s referral program also rewards users for inviting new ones onto its platform.
MetaMask has a smaller community compared to Trust Wallet. It has gained popularity among Ethereum users and developers due to its integration with the Ethereum network and ability to interact with DApps. Furthermore, MetaMask provides developers with resources and tools for building applications on top of Ethereum.
Trust Wallet vs MetaMask: 8 Must-Know Facts
- Trust Wallet is a mobile wallet, whereas MetaMask is a browser extension.
- Trust Wallet supports 65 blockchains, whereas MetaMask only supports Ethereum and its associated tokens.
- Both wallets boast user-friendly interfaces for convenient asset management.
- Trust Wallet features an integrated decentralized exchange, and MetaMask does not.
- MetaMask supports creating and managing multiple Ethereum accounts simultaneously, while Trust Wallet only permits one account per device.
- MetaMask boasts more integration with decentralized applications (DApps), whereas Trust Wallet is more restricted in this regard.
- Both wallets offer robust security measures, such as the setting up of a password and seed phrase.
- Trust Wallet charges lower fees for transactions than MetaMask does.
The History of Trust Wallet
Trust Wallet is a cryptocurrency wallet founded in 2017 by Viktor Radchenko to offer users secure and convenient storage for their cryptocurrencies. In the same year, Trust Wallet became the first mobile wallet to support ERC-20 tokens on the Ethereum blockchain, making it an attractive option for those searching for convenient storage of these tokens.
In July 2018, Binance, one of the world’s largest cryptocurrency exchanges, acquired Trust Wallet. This acquisition helped boost its popularity and added new features — now supporting 65 blockchain networks and 160,000 assets.
Trust Wallet is designed to be both user-friendly and secure. It employs advanced security measures, such as a 12-word recovery phase and biometric authentication, to guarantee that users’ funds remain safe. Furthermore, the wallet lets customers purchase cryptocurrencies with credit cards or bank transfers.
Trust Wallet’s decentralized exchange (DEX) integration is one of its key benefits, enabling users to trade cryptocurrency without needing a centralized exchange. Furthermore, with DEX integration, users remain in control of their funds throughout the trading process.
The Evolution of MetaMask
MetaMask has transformed remarkably since its launch as a browser extension wallet for the Ethereum network in 2016. Since then, it has become an indispensable tool to interact with decentralized applications (DApps) on multiple blockchains such as Ethereum, Binance Smart Chain, and Polygon.
MetaMask reached a major milestone with the release of its mobile app in September 2020, bringing it to millions of smartphone users. Since then, the app has been enhanced with features like token swaps and customizable dashboards, making it an accessible yet user-friendly way to manage crypto assets on the go.
Another significant development was the implementation of Ethereum Name Service (ENS) support in October 2020, enabling users to send and receive funds with human-readable addresses instead of lengthy wallet addresses.
MetaMask has also implemented security features to safeguard users’ assets, such as hardware wallets and the capability of setting transaction limits. These measures help mitigate the risks associated with using a hot wallet that is connected to the internet.
MetaMask has continued to add support for new tokens and DApps, expanding its functionality beyond that of an Ethereum wallet. Now, the wallet supports over 40 different networks and has collaborated with numerous blockchain projects in order to offer users a streamlined experience.
Trust Wallet vs MetaMask: Which One Is Better?
MetaMask and Trust Wallet are two wallet options that depend on personal preference and usage. Trust Wallet boasts a user-friendly interface and seamless integration with Binance exchange, making it ideal for those who value convenience over complexity.
On the other hand, MetaMask provides advanced features like custom gas fees and support for various blockchains, which make it more suitable for experienced users and developers.
Security is paramount for both wallets, with Trust Wallet using industry-standard encryption and MetaMask providing users with control of their private keys. Furthermore, both wallets have active communities and support teams that ensure prompt resolution of any issues that may arise.
Trust Wallet and MetaMask both have their own distinct advantages, but it’s essential to note that they aren’t mutually exclusive. Users can utilize either wallet depending on their individual requirements; the two wallets can coexist without conflict.
Finally, the choice between Trust Wallet and MetaMask comes down to personal preferences and priorities. It is essential that users research the features and security measures offered by both wallets before making a final decision. Both wallets provide secure and dependable solutions for managing cryptocurrency assets regardless of which option they select.
