Trust Wallet vs. MetaMask – Which Is Best in 2024?

Trust Wallet and MetaMask are two of the most popular software wallets on the market, with 13 million and 30 million monthly active users, respectively. While both wallets enable you to securely store thousands of cryptocurrencies, we decided to put the two apps to the test to see which one is truly the best.

Join us as we break down MetaMask vs. Trust Wallet and look at their features, fees, customer support, and overall user experience!

Supported Cryptocurrencies

• Trust Wallet – 10/10
• MetaMask – 8/10

Trust Wallet supports over 10 million cryptocurrencies and NFTs and is integrated with over 100 blockchain networks. You can even add new custom tokens that aren’t displayed by entering the token’s contract address.

In contrast, MetaMask only supports EVM-based networks (Like Ethereum, Polygon, Base, etc.) and ETH-based tokens. According to estimates, there are more than 500,000 ETH-based tokens, so plenty of coins are available to store and swap. However, MetaMask is notably incompatible with Bitcoin.

Are Trust & MetaMask Wallets Centralized or Decentralized?

• Trust Wallet – 9/10
• MetaMask – 9/10

Trust and MetaMask are both decentralized wallets. These issue private keys, which you use to prove ownership of your digital assets and sign transactions, in contrast to centralized wallets, where a third party has complete control over your crypto, and you’re trusting them to store it.

Trust and MetaMask are also both software wallets. That means the wallets are connected to the internet, and you can access them from a desktop browser extension or mobile wallet app.

Hardware wallets like Trezor and Ledger are another type. These feature a physical device that stores your private key in an encrypted chip. To use a hardware wallet, you need to connect to your mobile or desktop.

Trust Wallet vs. MetaMask Pricing & Fees

• Trust Wallet – 8/10
• MetaMask – 7/10

These top-rated software wallets are free to download and use. However, Trust Wallet and MetaMask charge fees when swapping, buying, selling, and transferring cryptocurrencies.

To purchase cryptocurrency through Trust Wallet, you’ll be connected with Simplex, a third-party provider that charges between 3.5% and 5% per transaction. MetaMask also includes a Buy Crypto function and is integrated with payment processors like MoonPay and Onramp, which work just like Simplex and charge hefty transaction fees of around 5%.

When you swap cryptocurrencies within MetaMask, you’ll pay a 0.875% service fee. Trust Wallet doesn’t charge fees for swaps, but the spread can be vast depending on the tokens you are swapping.

As with all crypto wallets, when you transfer cryptocurrencies from MetaMask and Trust Wallet, you’ll have to pay a network fee. The fee is based on the blockchain network you’re using. The wallets recommend a fee, but you can also alter it.

Security & Regulation

• Trust Wallet – 8/10
• MetaMask – 8/10

MetaMask and Trust Wallet are hot wallets that rely on the internet, so they will never be as safe as hardware wallets like Ledger and Trezor.

Users of both wallets have had their accounts breached due to their seed phrase being exposed or accidentally downloading malware onto their devices. You need to be extremely careful about clicking links and downloading files and never give out your recovery phrase under any circumstance.

That said, if you follow basic cybersecurity recommendations, MetaMask and Trust Wallet are secure. These wallets use strong encryption to hide your private key. A password and FaceID protect your account, and you can restore your wallet anytime via your 12-word seed phrase.

MetaMask and Trust Wallet also run bug bounty programs and are constantly looking for patching vulnerabilities. Even though both are secure, we recommend investing in a hardware wallet if you hold a large amount of crypto.

Trust Wallet vs. MetaMask Features, Resources & Tools 

• Trust Wallet – 8.5/10
• MetaMask – 7/10

Trust Wallet and MetaMask offer almost identical features. These wallets let you buy, sell, and swap crypto directly from the app or browser extension. You can also securely store and trade NFTs and stake over 20 tokens.

1. Buying & Selling Crypto

Thanks to Trust Wallet and MetaMask, you no longer have to rely on an exchange to trade crypto. Both come with an instant buy/sell crypto feature and accept credit/debit cards, including Mastercard, Visa, and other payment methods like PayPal and bank transfer.

However, you need to be careful of the fees. The wallets rely on third-party payment processors like Simplex and MoonPay, which impose sky-high fees of up to 5%. MetaMask charges an additional 1%, while Trust Wallet doesn’t levy any fees. Also, Trust Wallet accepts more fiat currencies, and you can purchase over 300 cryptocurrencies for as little as $10.

In most cases, you’re better off trading at exchanges due to the lower costs (many exchanges offer free withdrawals via bank transfer and only charge 0.1% in trading fees) and then using MetaMask and Trust Wallet to store your tokens securely.

2. Swapping Crypto

You can swap thousands of tokens instantly at Trust Wallet and pay zero fees. However, watch the spread; you won’t receive the exact market price. Making swaps couldn’t be easier. You simply select the token you wish to exchange and receive, enter the amount, and confirm the transaction.

The swapping process at MetaMask is similarly smooth and fast. However, a significant downside is the 0.875% fee, which is 8x higher than you’d pay when swapping cryptocurrency at an exchange like Binance or OKX.

MetaMask and Trust Wallet are integrated with a number of market makers, exchange aggregators, and decentralized exchanges, including Uniswap, AirSwap, and OpenOcean. You won’t have any issues with liquidity or slippage, even if you’re swapping 5–6 figures.

3. Staking Crypto

At Trust Wallet, you can stake over 25 cryptocurrencies, including Ethereum, Solana, Tron, Sui, and Cardano. The process is simple, and you don’t have to leave the wallet. Trust Wallet is transparent about the exact rewards you’ll receive. For example, Tron is currently paying 5% PA, while you can also secure a 5% yearly yield on your Solana holdings.

Unfortunately, you can only stake Matic and Ethereum at MetaMask at the moment. MetaMask also charges a 15% fee. Right now, it only offers a 2.7% yield on Ethereum compared to Trust Wallet, where you can earn 3% on ETH.

4. dApps

dApps are applications built on blockchain networks that use smart contracts to execute tasks when conditions are met, such as granting loans when collateral requirements are fulfilled or paying out winning wagers when a bet has been settled.

Both Trust Wallet and MetaMask enable you to effortlessly connect to thousands of DeFi, marketplace, gaming, and social network dApps. Some of the most popular dApps we recommend checking out are Aave (crypto loans), Axie Infinity (p2e game), and Steemit (crypto-powered social media).

5. Bridging Tokens

Another service Trust Wallet and MetaMask provide is bridging. This is where you move a cryptocurrency to another blockchain network. For example, you may move USDC from Ethereum to Polygon.

MetaMask charges a 0.875% fee to bridge crypto tokens. Trust Wallet doesn’t charge anything for this service, and you can perform swaps across more networks than at MetaMask, including Ethereum, Bitcoin, Avalanche, and BNB.

6. NFTs

Trust Wallet supports upwards of 600 million non-fungible tokens (NFTs), enabling you to store and showcase your digital art collection across blockchains from one centralized place. Trust Wallet also seamlessly connects with Solanart, Rarible, OpenSea, and other top marketplaces so you can effortlessly add to your NFT collection or make a profit.

MetaMask is also a secure place to store NFTs and is integrated with top-rated marketplaces. However, MetaMask doesn’t support as many non-fungible tokens as Trust Wallet. Currently, you can only store ERC-721 and ERC-1155 NFTs and send ERC-721 digital artworks.

7. Debit Card

One aspect where MetaMask has Trust Wallet beat is spending ability. MetaMask is in the process of releasing its very own Mastercard, which lets you spend your crypto in over 200 countries with more than 100 million merchants.

The MetaMask Mastercard will work like a standard debit card, but you’ll spend crypto instead of fiat currency. Currently, Trust Wallet has no plans to offer a debit card.

DeFi & dApps Compatibility

• Trust Wallet – 8.5/10
• MetaMask – 7/10

If you’re looking for a DeFi-friendly wallet, Trust is a great bet. With a click of a button, you can stake over 25 cryptocurrencies. Stargaze currently offers the best yield, paying 25% per annum, while Tron, Solana, and Cardano all yield 5%.

Staking is flexible at Trust Wallet, and tokens are only locked up for a few days. For example, you won’t be able to access your staked Ethereum for 4 days.

MetaMask’s in-app staking is a little underwhelming, with only Ethereum and Matic available. Also, the rewards are significantly lower than at Trust Wallet because MetaMask insists on a 15% fee.

However, if you stake 32 ETH or more, your validator will be operated by MetaMask Staking. You’ll qualify for lower fees and higher rewards without having to run your own hardware, and no technical skills are required.

Neither Trust Wallet nor MetaMask offer crypto loans or prediction markets. However, these DeFi services are available through popular dApps like Aave and Polygon. Loans are approved instantly and are flexible. You just need to maintain the required capital and pay monthly interest.

Trust Wallet vs. MetaMask User Experience

• Trust Wallet – 8/10
• MetaMask – 8.5/10

Trust Wallet and MetaMask are beginner-friendly wallets with prominent Send and Receive buttons, so you shouldn’t encounter issues moving your digital assets around.

Likewise, swapping tokens is a walk in the park. You just hit the Swap button, select the crypto you wish to exchange, and enter the amount. Trust Wallet and MetaMask will handle the rest. When testing swapping on both wallets, we found transactions were processed instantly, and our freshly swapped crypto was waiting for us when we opened our portfolio.

MetaMask and Trust Wallet both simplify the staking process. Again, you select the token you wish to stake, and the wallets handle all of the technical stuff. Your rewards will be paid directly into your wallet, and we haven’t heard of anyone losing their tokens.

MetaMask presents a slightly cleaner and more aesthetic interface compared to Trust Wallet — both sport minimalist designs with light and dark modes available. However, in our opinion, MetaMask looks a little better, and the app is slightly faster.

Also, one thing we didn’t like about Trust Wallet is that you can’t protect your account with 2FA, which is available on MetaMask.

Withdrawal Processes

• Trust Wallet – 8/10
• MetaMask – 8/10

The withdrawal process is straightforward and virtually identical at Trust Wallet and MetaMask. All you do is select a cryptocurrency, tap the Send button, enter the number of tokens you wish to transfer, and paste the recipient’s wallet address.

The transaction will then be validated, and you can track its status on the blockchain. Typically, the recipient will receive the crypto within a few minutes. There are no limits when withdrawing crypto from Trust Wallet and MetaMask. You’ll just need enough funds to cover the network fee.

Trust Wallet vs. MetaMask Customer Support

• Trust Wallet – 6.5/10
• MetaMask – 7.5/10

MetaMask offers customer support via its FAQ section, community forum, and live chat. The live chat is available 24/7. Initially, you’ll talk to a chatbot, but you can quickly connect to a human agent.

Trust Wallet also features an FAQ page, but you can also email them at [email protected]. Unfortunately, Trust Wallet only offers a chatbot; you can’t connect directly with a support agent.

The Verdict

Now that you’ve read our Trust Wallet vs. MetaMask review, you’ve seen how the two industry-leading crypto wallets of them fare against each other.

On the one hand, MetaMask is the most popular wallet for DeFi interactions in the world, as well as the first wallet every developer integrates with its dApp. It’s slightly easier to use than Trust Wallet, and has a better customer support ecosystem built around itself.

On the other hand, MetaMask doesn’t support Bitcoin and charges very high fees for staking and swaps. Trust Wallet is compatible with BTC and 10 million other cryptocurrencies, offers fantastic staking rewards for over 25 cryptocurrencies, and doesn’t charge a dime for swaps.

Even though Trust Wallet may have a slight edge against MetaMask, it’s not the top wallet on the market. Check out our guide to the best decentralized wallets to see which providers we have our eyes on!

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