A cryptocurrency wallet is a device , physical medium , program or service that stores public and/or private keys and can be used to track ownership of, receive or spend cryptocurrencies . However, the cryptocurrency itself is not in the wallet. Indeed, in the case of bitcoin and the cryptocurrencies derived from it, the cryptocurrency is stored in a decentralized way and kept in a publicly accessible distributed ledger called the blockchain .
A cryptocurrency wallet, comparable to a bank account, contains a pair of public and private cryptographic keys. A public key allows other wallets to make payments to the wallet’s address, while a private key allows cryptocurrency to be spent from that address.
Decentralized crypto wallets are getting increasingly popular, users can choose between the he best wallet to buy and sell NFT. These two crypto wallets perform the same function for the large number of tokens built on the blockchain, and differ in several ways.
MetaMask just takes tokens and cryptocurrencies built on the Ethereum blockchain.
Trust Wallet, offers supported storage and interaction with assets across multiple blockchains.
I will share with you the comparison of the most important features to consider in MetaMask and Trust Wallet.
Trust Wallet comes under Binance smart chain after Binance acquired it in 2018. Trust Wallet is a web 3.0 wallet supporting a variety of tokens and digital assets built on the Ethereum ecosystem. It is a decentralized crypto wallet that comes with a mobile app as well as support for over 100,000 digital assets.
Trust Wallet Pros & Cons
- Free to download.
- NFT scan be bought, sold, and transacted.
- Supports ERC20 and ERC 223 tokens ERC721.
- Encrypted security.
- One of the lesser known crypto wallets.
MetaMask founded in 2016 by ConsenSys and developed its mobile application in 2019.
The MetaMask Wallet is a simpler and more popular application of Ethereum. Designed to make storing crypto assets based on Ethereum.
MetaMask Pros & Cons
- Free to download.
- Easy to use and supports all tokens on Ethereum.
- Available on popular browser.
- Supports only Ethereum‘s blockchain.
- No support NFT.
MetaMask vs Trust Wallet
|AVAILABLE CRYPTOCURRENCIES||Bitcoin, BNB, and ERC20 Tokens||ERC-20 Tokens (Ethereum)|
|COMPATIBLE WITH HARDWARE WALLETS?||No||Yes|
|ABILITY TO TRADE WITHIN APP?||Yes||Yes|
|FEES||No fees||Gas fees for transactions|
|CATEGORIES||Crypto Lending, Crypto Staking, Crypto Wallets, Crypto Exchanges, DApp Browsers, Defi Tools||Blockchain, Crypto wallet, DApp Browser, Defi Tools|
Trust Wallet Vs Metamask
MetaMask has been around longer and enjoys a dedicated following, Trust Wallet is gaining traction just as fast among users who prefer a flexible non-custodial wallet that supports more blockchains.
Two wallets are easy to use, but Trust Wallet stands out for its integration with cryptocurrencies and exchanges.