In this era, where everyone is fascinated by crypto trading and wants to involve in the crypto economy, there are too many options of trading exchanges as well which promise to provide state-of-art features.
As we know that crypto trading is not as easy as pie, it involves high risk. So, there are a lot of things to note before opting for any trading platform especially when it is about the security of your assets.
Considering this fact, so many exchanges offer crypto wallets with top-notch security to secure your purchased assets such as Coinbase, MetaMask, and many more. But, deciding on the most suitable one is not everyone’s cup of tea.
Don’t worry! We are going to aid you in deciding which one is better for you by providing an in-depth exploration of the Coinbase wallet and MetaMask wallet. Let’s have a look at the specifications of Coinbase wallet vs MetaMask wallet.
Key traits of Coinbase wallet
- Availability on platforms: Browser extension, desktop version, and mobile app (for iOS and Android)
- Types of transactions: Send, swap and receive
- Supported cryptocurrencies: ERC20 tokens and all the top crypto coins
- Transaction fees: 1.49% to 3.99%
- Security facets: AES-256 and SSL encryption, offline storage of critical data, and two-factor authentication protect 98% of customer money in vaults located across the world
- Payments modes: Through bank account, wire transfer, GooglePay/ApplePay, PayPal, bank card, cryptocurrency
- Custodial or not? : NO
- Access: Nearly 190 jurisdictions
- Other notable features: NFTs support, gateway to DeFi, Coinbase amenities connectivity
Key traits of MetaMask wallet
- Availability on platforms: Browser extension, desktop version, and mobile app (for iOS and Android)
- Types of transactions: Send, swap and receive
- Supported cryptocurrencies: Ethereum-based currencies such as ERC-20 tokens and Bitcoin
- Transaction fees: 1.49% to 3.99%
- Security facets: Wallet secured with seed phrase and fully accessible wallet with constant code auditing
- Payments modes: Wire, bank card, ApplePay, Transak, cryptocurrency
- Custodial or not? : NO
- Access: MetaMask provides a number of options for users who are geofenced but not available in sanctioned countries.
- Other notable features: NFTs support, developers-friendly features, web3 gateway
Bottom line:
Both wallets are well-known and have an iconic history of use among traders all across the world. Millions of people trust both wallets, and both are renowned brands in the cryptocurrency industry. We cannot in any way recommend Coinbase Wallet over MetaMask or vice versa. These wallets are more suited to certain personality types, demands, or requirements.
To summarise, Coinbase wallet vs MetaMask wallet, I will recommend that MetaMask wallet is a good fit for individuals who don’t want to pay hefty charges as fees and specifically who are developers and working with Ethereum. Whereas, Coinbase wallet can be a go-to for users who want several currency options to trade, an easy-going interface, and standout security of stored assets.
