Metamask vs. Coinbase Wallet – Which Crypto Wallet is Better?

With the recent uptrend in cryptocurrency, it has become vital for you to ensure the safe storage and management of your crypto assets. Multiple wallet providers have developed several cutting-edge strategies to increase accessibility and security. The best cryptocurrency wallets allow users to transfer and receive money while keeping track of their assets. Custom wallets also provide additional freedom and independence when processing cryptocurrency. This article talks about two of the most popular crypto wallets and how they compare with one another; Metamask vs. Coinbase wallet. 

Metamask vs. Coinbase Wallet Overview

You almost entirely lack control over your private keys if you acquire cryptocurrency from exchanges and leave it there. In actuality, it implies that you do not own your digital currency. So everyone must have their own cryptocurrency wallet to handle their funds effectively. cryptocurrency wallets come in various forms, including web, mobile, desktop, paper, and hardware. Whatever kind of wallet you choose, they all have the same function. However, certain wallets may perform better than others, depending on how you want to use your cryptocurrency. So let us learn a little about Coinbase and Metamask. 

	Coinbase Wallet	Metamask
Pros	Beginners can use it easily Free crypto coins on registration Affordable fees Supports many cryptocurrencies Highly regarded for security	Open-sourced Your private keys are stored in the browser Fairly simple for beginners Integrate with Ledger hardware wallets
Cons	Constant internet connection is maintained (security risk)	Only supports Ethereum and ERC-20 tokens
Devices	Android, iOS app	Web browsers, Android app, iOS app
Type	Open-source	Open-source
Fees	No service fee	Trading fees: 0.3% – 0.875% / $0 Withdrawal fee

Benefits of using Metamask vs. Coinbase Wallet

If you have been in the crypto space for some time, you will need a . Here are some advantages they provide: 

• Secured Portfolio Management: You need to handle your crypto assets professionally, just as you would any other investment. You may examine which of your assets are doing well and underperforming by using a crypto wallet to see them in real-time. Additionally, you will have access to many graphs and other analytical tools for assessing the performance of each asset you have purchased. Future choices you make and the assets you choose will be more lucrative thanks to this knowledge.
• Long-Term Option: Cryptocurrency is a technology for the future. It will take some time for it to develop and gain widespread acceptance. Cryptocurrencies have spread worldwide and are expected to gain popularity in the next years, even though not everyone can use them currently. Since they are recognized as a legitimate payment method by many large businesses, cryptocurrency wallets are growing in dependability. They may eventually enable global transactions and serve as a long-term solution for both spending and investing.
• Enhanced Security and Assurance: Everyone should be concerned about the general security of their cryptocurrency wallet. You want to be sure that your investment is protected while making purchases with cryptocurrency. A crypto-wallet will keep your information, identity, and access to your money secure. A secure sign-in procedure is often employed, requiring you to enter an encrypted login ID. This makes it more likely that only those with your explicit authorization will be able to access your accounts. Since history has demonstrated that human carelessness may result in fraud, there is a legitimate reason to be worried about it. The provision of double checks, statutory warnings, and receipts aid in keeping them informed of all legal transactions.
• Ease of Use: It is very easy to use a crypto wallet. It functions like the other online payment services you use, such as Apple Pay, Google Pay, Paypal, etc. This is one of the cryptocurrency wallet’s most alluring features. Applying for a wallet only takes a few minutes. Once you’ve created an account, you may use it to start purchasing any cryptocurrency asset. This is far faster than typical broker accounts, which are used to open accounts for investing in stocks.

It doesn’t matter which Metamask vs. Coinbase Wallet you choose as your go-to wallet; you will enjoy all these benefits if you use a crypto wallet. 

Features – Metamask vs. Coinbase Wallet 

Metamask vs. Coinbase Wallet have been competing for the best Ethereum wallet top spot for some time. That is why both meet all the requirements in the Ethereum documents. What this means is that they can do all Ethereum-based actions. These actions include eth_ send transactions or eth_SignTypedData. Here is a list of functions they are both able to perform:

• Mint Tokens and NFTs
• Transfer and send crypto assets to other addresses
• Switching to other blockchains
• Create an infinite number of addresses
• DAO voting, Authentication in dApps are all possible

Access – Metamask vs. Coinbase Wallet

Metamask and Coinbase Wallet are both responsible for storing your private keys. You can access them through any computer. In the case of Coinbase Wallet, since your wallet is linked with your Coinbase.com account, you can easily sync funds and addresses directly from the dashboard at Coinbase.com without hassle. The website also enables several other features, such as staking, trading, etc. But in the case of Metamask, it is not the same. Your wallet is standalone, and you can access it only through browser extensions or specific Metamask apps. You can access the Metamask and Coinbase Wallet with desktop and mobile browsers. However, it would be best if you used a special browser like Brave to access your mobile.

Security – Metamask vs. Coinbase Wallet

Both Metamask and Coinbase have excellent reputations regarding security. They are far more secure than all other competition. For years, these wallets have innovated to keep user data secured. Some of the security features of Metamask and Coinbase include the following: 

• Even the respective company does not have your details since your wallet address is hashed with a security key. 
• If you want, you can easily export sensitive information securely. 
• There is no way of automated transactions without the user’s intervention.
• 2-Factor Authentication support. 

While all these are great security features, you should know there is still the possibility of being hacked if the hacker uses phishing techniques. 

Stand-out Feature – Metamask vs. Coinbase Wallet

The best feature of the Coinbase Wallet is that it integrates very easily with numerous decentralized applications. You would not have to interact with all transactions and can browse dApps without hassle.

Although Metamask only started as a browser extension, it has now evolved into a full-fledged platform. It has features of a coin-swapping mechanism in-built. You can exchange your ERC-20 tokens throughout the DeFi ecosystem without visiting a crypto exchange. 

Staying Secured

It is important to remember that the crypto space is filled with hackers, phishers, scammers, and fraudsters. It would help if you dealt with them with utmost caution. Metamask and Coinbase wallets are safe, but you still need to remember some common tips to remain secure:

• Do not ever disclose your secret phrase to anyone. 
• Always beware of any phishing attacks. Do not open random links from the internet. 

The Bottom Line

Both of these wallets are outstanding, and there is no correct answer regarding which one is better. The decision is upon you and your preferences. Both of these wallets offer almost similar functionalities with very subtle differences. Ultimately, it all comes down to what feels better for you.