What is MetaMask?
MetaMask is a blockchain (Cryptocurrency) wallet used for storing digital coins and money in online mode safely and securely. It provides a digital bank where you can keep your bitcoin and other cryptocurrencies. However, it is mainly used to interact with the Ethereum blockchain. It is fully equipped with safety and straightforward to use.
In simple words, MetaMask is one of the globally known cryptocurrency wallets. It is a type of browser extension used with the help of web browsers. An extension is a specific type of application that makes interacting with the Ethereum network simpler using modern web browsers.
MetaMask supplies its customers a software that allows them to manage Ether and other ERC 20 currencies and engage with Ethereum decentralized Apps. You may also use its browser extension to transmit, buy, receive, and acquire Ethereum or Ethereum-compatible tokens. It,s a very excellent tool.
There are many other MetaMask alternatives available that are similar and even better than MetaMask in some aspects. Therefore, if you are unhappy with MetaMask and want to try out similar platforms to store and buy cryptocurrency safely and securely, you should make use of these alternatives.
Alternatives to MetaMask
Following are some of the best MetaMask and bitcoin wallet alternatives:
1. Ledger Nano X
Ledger Nano X is one of the best and premium alternatives to MetaMask. It is a hardware cryptocurrency wallet that is much more secure than other similar platforms. The main functionality of a hardware cryptocurrency wallet is that it provides better security, and you can easily manage your digital wealth safely and securely by storing your private keys offline.
To ensure that the hardware is as durable as feasible, the Ledger Nano X provides a custom-built OS named BOLOS and CC EAL5+. These OS have certified secured elements, mainly called SE Chips, which are very secure and durable. The ANSSI (The French national cybersecurity agency) has also verified the device's security.
Ledger Nano X provides several functionalities for better management of your assets. It comes with the higher potential to store a wide range of supported assets at once, and you can easily manage your portfolio by linking trusted devices, such as your smartphone or pc, with the help of Bluetooth connections.
It also has DeFi (decentralized finance) functionality, so you can add your cryptocurrency portfolio and set your holdings to use.
2. Trezor Model T
Trezor Model T is also one of the best hardware wallets with several functionalities. It was primarily built in SatoshiLabs. It is one of the oldest cryptocurrency hardware-type wallets available on the market. It was launched in 2014 with the Trezor Model T as the company's premier product, designed for both long-term investors and professional traders.
The Trezor Model T offers almost all the functionality found in MetaMask. It also comes with support for newer digital currencies and exchanges like Ripple, Ethereum, Cryptography, and others. Additionally, it comes with other distinct functionalities like a built-in touchscreen that provides more excellent user experiences. To compete in the market, the Trezor Model T also has premium security features, such as you can input a PIN and passcode on the device to make your data more secure, giving you a luxury experience.
Exodus is one of the most excellent online currency wallets, which comes with multi-functionalities. With the help of departure, you can store multi-currencies at once, and it also supports more than a hundred cryptocurrencies. The wallet was first only accessible via a desktop computer, but now it is also accessible via iOS and Android mobile devices.
Exodus is better than other wallets as it has a user-friendly design, with a primary focus on people who have never entered the world of trading and cryptocurrency. It comes with a very easy-to-use interface. Its leading developer has designed the software with more excellent UI, which is impressive.
One of the best features of Exodus is that it provides a wide range of support for bitcoins. Another best feature is that you can interchange the currency from your wallet without any problem.
Exodus is a good choice for maintaining and transferring modest quantities of cryptocurrency without going into the nitty-gritty of the process.
But, if you want to use it for advanced cryptocurrency, then it is not recommended much. It is because the platform is mainly built to target beginners to make them capable of trading in the Bitcoins market. With Exodus, the ability to set custom fees has since been limited to bitcoin only. While it's great that the software is updated every two weeks, the fact that it isn't open source may turn off some users.
Wasabi is one of the best platforms for Bitcoin purposes as it is an open-source platform. It is a non-custodial and security-focused bitcoin wallet, which is available on all the major platforms like Windows, macOS, and Linux. Wasabi's real selling point is its use of the trust-free CoinJoin method. CoinJoin assists Wasabi in increasing the security of specific digital-currency transactions by merging many coins from various persons into a single transaction. With the CoinJoin presence, Wasabi sets this platform apart from its competitors by providing the best protection and privacy optimization.
In simple words, Wasabi is one of the best wallets we should suggest for all users whose primary focus is the security and privacy of their transactions in digital currencies. The developers of Wasabi also did a great job by providing an excellent interface and good privacy.
Wasabi isn't as user-friendly as other cryptocurrency wallets, so you'll need to follow its instructions to get to grips with it. However, once you become familiar, there is no issue at all.
Electrum is a very creative platform launched in January 2011, and it is available for all platforms, including Windows, macOS, Linux, and Android. Like MetaMask, Electrum is also a leading most popular Bitcoin wallet, providing an excellent facility to the target users. With Electrum, you don't need to download the complete bitcoin blockchain. Electrum offers a great connection with its affiliated servers, so it easily verifies and receives your digital-currency balance and processes transactions rapidly. This means you can easily set up the account and make transactions in significantly fewer times. It takes up very little space on your hard disk.
Electrum provides an option to the user to encrypt the wallet file during the setup of the Electrum, but you can also remove the security if you like. Additionally, you may also build a 'viewing only' wallet using Electrum in-cold storage mode. This function allows you to receive digital-money payments and check your balance when required. It also features a coins section where you usually get or earn coins by completing certain activities. The coins can be used for the platform's premium features. However, it is advised not to spend the coins because it is beneficial for long-term investment.
Electrum is more susceptible to several sorts of hacking than full node wallets since it is a "thin" client and depends on other servers for payment information.
Mycelium is also one of the best and oldest platforms of bitcoin wallets, available only for mobiles. It was launched in 2013 as an android application. After that, it was also made available for iOS platforms.
Mycelium mentioned itself as the "basic bitcoin wallet". Although it can no longer claim to be the top-rated cryptocurrency wallet on the Play Store, it still has several valuable features.
For beginners, it is the best open-source platform for trading, which is one of the best things about any best cryptocurrency wallet. The app is also based on the SPV (Simplified Payment Verification) method, confirming transactions without downloading the entire blockchain.
Sometimes, mobile devices are insecure as compared to other platforms, so the developers of Mycelium incorporated a few features to strengthen the app's security profile without unnecessarily confusing the UI.
7. Trust Wallet
Trust Wallet is a user-friendly mobile crypto-wallet that provides access to safely collect, receive and send your digital currency with the help of modern mobile devices, especially Android and iOS devices. It is a multi-currency platform that supports thousands of cryptocurrencies and several tokens and bitcoins.
It is better than MetaMask because, in MetaMask, you can only access the Ethereum blockchain, but with the help of a Trust Wallet, you can easily access more than 52 blockchains.
One of the best things about a Trust Wallet is that the server of this platform does not take your private keys, so the user has complete control over their private keys. Trust Wallet is a highly-maintained platform, so you can easily buy or exchange various crypto coins easily.
There are no fees or subscription requirements to use Trust Wallet. However, you have to pay standard transaction fees for sending and buying digital currency.
Jaxx is a multi-source digital wallet that is suitable for storing many digital currencies and assets with higher security and safety. One of the best things about Jaxx is that it is available for all major platforms: Windows, Linux, macOS, and Android.
Jaxx offers several functionalities similar to MetaMask. It provides an easy-to-use UI and robust security procedures to keep your money safe. Whether you are a cryptocurrency expert or just getting started, Jaxx provides a simple and enjoyable user experience that will keep you connected.
Unlike MetaMask, which maintains your encryption information on the browser, Jaxx never requires your private keys to leave your device. This multi-source wallet supports over 80 types of cryptocurrencies, including Bitcoin. It displays real-time crypto market data, allowing you to make educated decisions.
With the help of your Jaxx wallet, you can monetize the blockchain. You always get industrial news within the platform. You can easily manage your digital currency for advanced security as Jaxx provides a private key. So, you can easily set the private key and access your wallet easily. Jaxx does not require any login access or personal information to use it.
Coinbase is a simple and easy-to-use trading platform that allows you to buy, sell, transfer, and store cryptocurrency with ease. When it was first launched, it came up with only a crypto trading feature, but after some time, it upgraded with a wallet for storing and managing bitcoins tokens.
Coinbase supports many digital currency assets, like xrp, dogecoin doge, litecoin, and several other digital currencies.
A distinguishing feature that sets Coinbase Wallet apart from its competitors and makes it a viable alternative to MetaMask is its ability to integrate with specialized approaches without the need to authorize each transaction.
Coinbase wallet is easy to handle. It also uses a user-side encoding, which means the commands of private keys are all in the user's hand, and you have full authorization access as the platform cannot decode your wallet until you enter your password.
The wallet provides a user-friendly interface that gives a more professional experience. This makes it a better alternative for consumers unfamiliar with blockchain technology.
Coinbase Wallet provides access to NFT platforms and a wide range of DeFi apps, such as Yearn Finance, Uniswap, and Compound. It also includes a built-in trading function and enables the quick purchase of fiat currency, something that MetaMask does not offer.
ZenGo is an advanced innovation wallet that gives users full access to controlling their assets. It provides more than 70 different-different digital-currency including bitcoin, dogecoin, Ethereum, and many more. With the help of the ZenGo wallet, you can easily maintain your digital-currency record, easily view the market prices, and also clarify the previous transaction.
There are no hidden charges in the transaction of sending and receiving the digital currency, and there is no restriction in sending and receiving large amounts of crypto. In addition, there are no additional charges beyond the specified transaction fee.
ZenGo provides a unique security solution: it uses facial recognition technology apart from private keys and seed phrases. With the help of facial lock technology, users don't need to worry about forgetting their passwords and losing access to their assets. Simply put, ZenGo is the simplest, first keyless bitcoin and cryptocurrency wallet.