Metamask vs Coinbase Wallet: Which is Better?

  • MetaMask is a complete self-custody solution available for multiple web browsers, and featuring a mobile app, that supports a large number of blockchains.
  • Coinbase Wallet, on the other hand, offers its users low fees and has become the one of the favorites among exchanges and investors due to its high level of security.
Hand holding mobile phone with MetaMask app running and MetaMask logo in background

Hand holding mobile phone with MetaMask app running and MetaMask logo in background. Shutterstock

Decentralized Finance (DeFi) has grown tremendously over the past few years, with MetaMask and Coinbase Wallet paving the way when it comes to DeFi crypto wallet development.

MetaMask has grown from a basic browser extension into one of the most popular Ethereum apps — pushing Web 3.0 closer to becoming a reality — while on the other hand Coinbase Wallet benefited greatly from appealing to users who were more concerned about security and privacy. In the realm of decentralized money, these two wallets have dominated the market.

MetaMask vs Coinbase Wallet — which should you go for? Here is a brief guide and comparison between two of the best digital wallets on the market.

What is MetaMask?

MetaMask is a user-friendly Ethereum-based cryptocurrency wallet — developed as a desktop extension back in 2016, but now includes a mobile app — launched by ConsenSys as a complete self-custody service.

The wallet’s mobile app may be downloaded and used on both iOS and Android smartphones, while the MetaMask browser extension is accessible on the Brave Browser and Microsoft Edge, in addition to original Chrome and Firefox.

MetaMask has a slew of features that make Bitcoin more accessible, such as buying, selling, and trading coins directly from its mobile app. Here are some of the other advantages that come from using Metamask:

⦁ Non-custodial and open source
⦁ Supports all tokens on Ethereum
⦁ Available in popular browsers like Mozilla Firefox and Google Chrome

Coinbase Wallet Defined

As a non-custodial platform, the Coinbase Wallet gives its users complete and exclusive control over their private keys, making it more difficult for third party to get into the user’s account and steal their hard-earned money.

The crypto market has seen recent developments in the form of non-fungible tokens (NFTs) — which allow users to trade digital collectibles and art — and when Coinbase saw how popular the NFT market was getting it quickly updated its wallet to allow users to store the new digital asset. With the rise of interest in digital content, there has also been a significant uptick in the need for safe methods to store digital assets.

Due to its high level of security, the Coinbase Wallet became one of the most popular among investors and cryptocurrency exchanges. It includes a slew of additional benefits that have been tried and tested by the vast majority of Bitcoin traders and investors, and also comes with several other advantages:

⦁ Coinbase wallet gives its users easy access to over 100 crypto coins
⦁ It also offers low fees, especially for new users. This simply means that individuals can start using the wallet even if they have limited funds.

Why Choose a Digital Wallet?

Regardless of the choice you make, a digital wallet is an essential when it comes to making crypto transactions. A comfortable, secure, and easy to use wallet is the best way to get you started with any crypto-related endeavours.

At the end of the day, the Metamask vs Coinbase Wallet debate all depends on the preferences of the individual. Both provide the best features a quality digital wallet should have, and you’ll be satisfied no matter which one you choose.

Discussion
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