MetaMask Alternatives in 2023

MetaMask is a decentralized cryptocurrency wallet for storing, transferring and receiving ERC-20 tokens. The wallet can be connected to any Ethereum-based network: BNB Smart Chain (BSC), Polygon, Harmony or HECO. MetaMask allows working with decentralized exchanges (DEX) and DeFi-applications. In this article we will learn about MetaMask alternatives and how they differ from each other? 

About Metamask

MetaMask is a popular browser extension with an established reputation that functions as a cryptocurrency wallet that connects to the Ethereum blockchain. MetaMask is a browser extension developed by developer ConsenSys that allows Ethereum users to use the decentralized web. The decentralized web is home to a wide array of features, such as different types of games and encrypted messaging, while providing security and complete control over personal data. In fact, it is one of the best Ethereum wallets for easy access to decentralized exchanges (DEX), gaming platforms, betting sites, online casinos and many other applications.The wallet is compatible with all common browsers: Chrome, Firefox, Brave and more. In addition to Ethereum's own currency, ETH, MetaMask can also store tokens built on the ERC-20 and ERC-721 protocol standards.

Pros and Cons

Metamask wallet Summary

Best Metamask Alternatives by Features

Trust and Security

Coinbase Wallet

Coinbase Wallet is a mobile cryptocurrency wallet from Coinbase. It supports more than 500 ERC20 cryptocurrencies and tokens. The wallet allows to buy cryptocurrency with a bank card, work with exchanges and decentralized applications (dApp).

Pros and Cons

Coinbase Wallet summary

Ledger Nano S

Ledger nano S is a hardware cryptocurrency wallet released by Ledger in 2016, which to this day is one of the most popular hardware wallets in the world.

Pros and Cons

Ledger Nano S summary

Blockchain support

TrustWallet

Trust Wallet is a mobile app for iOS and Android devices from the developers of the famous cryptocurrency exchange Binance. Thanks to its ability to operate with a large list of tokens and its extensive functionality, Trust Wallet quickly gained its client audience in the market and today is one of the most downloaded cryptocurrency apps.

Pros and Cons

TrustWallet Summary

Exodus Wallet

Exodus Wallet is a relatively new software wallet that has already gained popularity. Its creators were J.P. Richardson and Daniel Castagnoli. Richardson has previously written code for numerous cryptocurrency projects, while Castagnoli has worked as a designer for major companies such as Apple, BMW and Nike.

Pros and Cons

Exodus Summary

Compatibility

Phantom Wallet

Phantom summary

Payment methods

Enjin Wallet

Enjin Wallet is a secure and easy-to-use mobile cryptocurrency wallet. It is extremely easy to use and contains advanced features such as a Dapp browser, QR code scanner and cryptocurrency exchange.
Enjin, the company that created the wallet, was founded in 2009 in Singapore. The wallet was created in January 2018. Since then, serious work has been done to improve the security and increase the number of features of the product.

Pros and Cons

Enjin summary

Core Wallet

Core is Ava Labs' browser-based cryptocurrency wallet for the Avalanche network. The cryptocurrency wallet features a bridge to the bitcoin blockchain, which allows the application's functionality to be significantly extended.

Core is currently available as an extension for Chrome browser, and the developers plan to add support for other browsers soon.

Pros and Cons

Core summary

Conclusion

The Metamask wallet is generally a better wallet compared to Coinbase because it is connected to more blockchains, offers lower fees and a more secure experience. The Coinbase wallet has only been around for a year, while Metamask has been around since 2016, making it the most battle-tested Web 3 wallet. There are many wallets on the market that can replace Metamask in one aspect or another. When choosing a wallet, pay attention to what you need.

FAQs

What wallet is better than MetaMask?

MetaMask is a digital wallet that stores smart contracts and tokens. It also provides a user interface to send and receive tokens.

It is a browser extension which works with Chrome, Firefox, Opera, and Brave browsers.

MetaMask doesn't work with the Tor Browser or Edge Browser.

There are some other wallets which can be used instead of MetaMask:

- Ledger Wallet - hardware wallet for storing cryptocurrencies securely offline;

- MyEtherWallet - web-based wallet for Ethereum (ETH) crypto coins;

- Exodus - desktop application that functions as a cryptocurrency wallet for Ether (ETH), Litecoin, Bitcoin, Dash and more than 20 other digital assets;

Is MetaMask or Coinbase wallet better?

MetaMask offers a more secure way of storing your cryptocurrency as you have complete control over your private keys. The wallet also offers enhanced security features such as 2FA for transactions. On the other hand Coinbase does not require you to download the entire blockchain which makes it easier for beginners to use but there are some security concerns with this wallet that have been raised by experts in the cryptocurrency space.

Is it good to buy on MetaMask?

Buying on MetaMask is a great way to buy and sell cryptocurrencies.

MetaMask is a browser extension that provides access to Ethereum-based applications. It allows users to interact with the Ethereum blockchain as well as decentralized web applications, including CryptoKitties and EtherDelta, without running a full node.

MetaMask has many use cases in the real world. From buying crypto coins to using crypto-backed loans and more!