Cryptocurrencies are often stored on a big centralized crypto exchange. As a result, when a user desires to trade, sell, or purchase tokens, they are instantly swept up by Crypto.com, Binance, Coinbase, and numerous other platforms.
What happens, though, when consumers want to add tokens that aren’t listed on these exchanges? That’s when software wallets come in handy. You can use them to safely store your digital assets, access funds and conduct financial transactions in non-custodial wallets.
DeFi wallets are an obvious necessity for any DeFi ecosystem to function smoothly. That’s why users are increasingly turning to decentralized crypto wallets, which offer a wide range of features.
MetaMask VS TrustWallet
Well, it’s down to MetaMask VS TrustWallet. These are two of the most popular choices in this area right now. These two crypto wallets accomplish the identical goal for the most part for all types of blockchain-based tokens, yet they have a variety of distinctions.
For example, MetaMask only supports tokens and cryptocurrencies based on the Ethereum blockchain. When it comes to Trust Wallet, it supports storage and interaction with assets based on multiple blockchains, not just Ethereum. This is a critical distinction to note since it will influence the kinds of cryptocurrencies or tokens you might keep on either type of crypto wallet.
Consider the following factors when deciding which of these two best suits your needs. This is a thorough comparison of the most significant features to consider on both MetaMask VS Trust Wallet.
In the battle between MetaMask VS TrustWallet, both provide secure storage for cryptocurrencies and tokens. Both platforms use security methods to guard against vulnerabilities such as phishing attacks and seed phrase hacking.
Unlike other centralized custody systems, neither Trust Wallet nor MetMask support 2FA since they don’t keep user data.
Two-factor authentication (2FA) is a method for users to add a second security measure into their accounts or wallets.
MetaMask summed up
Is MetaMask VS TrustWallet a difficult choice? Well, the MetaMask wallet is one of Ethereum’s most popular and easiest-to-use tools. MetaMask was designed to make storing Ethereum-based cryptocurrency assets as simple as surfing the web, bringing convenience to the Ethereum ecosystem while removing the danger that comes with centralized custody of crypto assets.
In 2016, ConsenSys launched MetaMask and developed its mobile app in 2019. This is a non-custodial wallet, which means the user’s device keeps the private keys and the wallet operates directly with the Ethereum network without those being handled by third parties.
After installation, the user is given a file with secret keys written in a seed phrase. This allows the user to have complete control over his or her money.
- You can use it on most modern browsers.
- Open-source software and non-custodial
- It’s simple to use and supports all of the Ethereum tokens
- It is only compatible with the Ethereum blockchain.
Trust Wallet summed up
Trust Wallet is a Web 3.0 wallet that supports a variety of tokens and digital assets built on Ethereum’s ecosystem and beyond, similar to MetaMask.
This is a decentralized crypto wallet that also has a mobile app and support for over 100,000 digital assets. As with MetaMask, the private keys in Trust Wallet are stored on a user’s device by design.
This implies that all transactions are conducted directly through interactions with the various supported blockchains without the use of third parties.
- ERC20 and ERC 223 tokens are both supported.
- Encrypted security system
- Supports more blockchains
- It isn’t ideal for storing large amounts of money exchanged in cryptocurrencies
- A less-known crypto wallet
Because we always make the best choices for our players, in order to take part in Wagmi’s crypto casino games, you will require a MetaMask account!