Coinbase Wallet vs MetaMask
In this article, we will compare two crypto wallets from lauded cryptocurrency brands. One of them is Coinbase, a reputable company that offers numerous cryptocurrency-related services, including crypto wallets. Another brand is focused on the crypto wallet, and its wallet is one of the most trusted. The name of the brand is Metamask. We will compare both wallets by features, statistics, and other factors. Reading this article, you will see the key characteristics of both wallets and will be able to decide on which one (if any) fits your demands the best.
- What Is Coinbase Wallet?
- What Is Metamask?
- Coinbase Wallet vs Metamask (table)
- Coinbase Wallet vs Metamask (details)
- Conclusion
What Is Coinbase Wallet?
Coinbase is an American company launched in 2012. Coinbase offers several services. The brand is best known for its crypto exchange. Coinbase is the leading crypto exchange by market cap in the USA. It was the first big crypto company to go public on the US stock market. It happened in 2021. Coinbase wallet is the most accessible product of the Coinbase line. The wallet can be used in most of the world's countries while other Coinbase services are available only in several dozen jurisdictions.
Coinbase wallet is a self-custody (non-custodial) wallet meaning that the only person who can access your private keys is you. Coinbase wallet can store thousands of crypto tokens, including NFTs, and can be used for payments in decentralized applications (dApps) and on DeFi platforms. One of the special features of Coinbase Wallet is that it has an institutional-grade level of security. As Coinbase Wallet is a part of the Coinbase ecosystem, the wallet has smooth connectivity with the Coinbase exchanges and other products. The wallet exists in the form of a mobile app, web application, and browser extension.
What Is Metamask?
MetaMask is a hierarchical deterministic cryptocurrency wallet supporting the entire roster of Ethereum-based tokens. Networks supported on MetaMask include Binance Smart Chain, Avalanche, xDAI, Polygon, Fantom, Arbitrum, Harmony ONE, Cronos, Velas, and HECO. On top of that, this wallet supports Bitcoin, which makes MetaMask an easy choice for newbies. The tokens can be stored, swapped, sent, and received via MetaMask.
The wallet was launched in 2016 and quickly gained notoriety among crypto enthusiasts and professionals. MetaMask is considered to be one of the most convenient and easiest in use crypto wallets. It doesn't collect any user data. Passwords, private keys, and other data don't leave the wallet owner's device. The wallet is promoted as a key to the entire Ethereum ecosystem. The MetaMask team sees this wallet as a pass to web 3.0 where you can feel safe and free from the downsides of web 2.0. The wallet can be used by traders, developers, gamers, artists, and others.
Coinbase Wallet vs Metamask (table)
Factor |
Coinbase Wallet |
MetaMask |
| Platforms | iOS, Android, browser extension, desktop version | iOS, Android, browser extension, desktop version |
| Types of transactions | Send, swap, receive | Send, swap, receive |
| Transaction fees | 1.49% to 3.99% | 0.3% - 0.875% |
| Supported currencies | All the ERC20 tokens + all the top coins | All the Ethereum-based networks + Bitcoin |
| Security features | 98% of the user funds are stored offline in the vaults distributed around the globe, sensitive data is stored offline, AES-256 and SSL encryption, and 2-factor authentication | Secret recovery phrase, open-source wallet with constant code audit |
| Payment methods | Bank account (ACH), bank card, wire transfer, PayPal, GooglePay, ApplePay, cryptocurrency | Wyre, Transak, bank card, Apple Pay, cryptocurrency |
| Custodial? | No | No |
| Extra features | NFTs support, DeFi connectivity, Coinbase services connectivity | NFTs support, features for developers, web3 gateway |
| Access | Roughly 190 jurisdictions | Not available in sanctioned countries, however, MetaMask offers several options for the geofenced users |
Coinbase Wallet vs Metamask (details)
Platforms
MetaMask was struggling to provide a mobile app. However, in 2020, it became available. Now, both wallets support around the same number of formats and platforms. Both wallets offer branded browser extensions — that's quite a rare form of a crypto wallet/app.
Types of transactions
Both wallets can be used for the same basic transactions such as moving money in and out, storing them, and swapping tokens. DeFi and NFT markets connectivity make both wallets very modern and oriented at the latest market trends. We cannot say that one of the wallets outperforms the other by this factor.
Transaction fees
As for fees, MetaMask charges significantly lower fees. It's safe to say that MetaMask provides much more affordable service than Coinbase. In fact you can see that the fees on Coinbase are around 300% higher than on MetaMask. On Coinbase Wallet, you pay four times as much as on MetaMask.
Supported currencies
Coinbase wallet has a more diverse roster of supported tokens. It's better to say that nearly any worthy coin can be stored on Coinbase while MetaMask's list of supported coins is too focused on Ethereum-based projects. Of course, it is still hundreds of coins, but there are many great coins based on other networks. The good thing is that at least Bitcoin is still supported on MetaMask, which makes it much more attractive as Bitcoin is still the main attraction on the market.
Security features
Security-wise, Coinbase offers more options and protection layers. Coinbase is as safe as top banking institutions. For American users, their funds are insured. Cold storage and layers of encryption make Coinbase wallets hard to crack. More than that, accessing users' accounts is already a challenging task thanks to such a standard feature as 2fa. Interestingly, MetaMask doesn't support 2fa. The seed and secret phrases provide enough security. However, the browser extension version is at times criticized as not that safe. Some users complain that MetaMask is a bit buggy. Most MetaMask users complain about phishing attacks as the hacking of MetaMask is very hard. There are no records of MetaMask wallets being successfully hacked.
Custodial?
Both wallets don't collect users' private keys.
Payment methods
By this measure, Coinbase Wallet uncompromisingly outperforms MetaMask. It's more likely that you will find the preferred payment method among the supported payment methods on Coinbase rather than on MetaMask. The fact that Coinbase Wallet supports more mainstream coins makes it more accessible as you will have the ability to deposit some of the most popular coins.
Extra features
For the developers working with Ethereum, MetaMask is superior to Coinbase Wallet. The latter doesn't offer much compared to MetaMask. However, both wallets are decent in terms of being multi-functional.
Access
Both wallets can be used by the residents of more or less the same countries. It's hard to point out which of the wallets is more accessible.
| Empresa | ||
|---|---|---|
| User rating | 7 avaliações do usuário | 21 avaliações do usuário |
| Cryptogeek rating | ||
| Pontuação de Confiança Como funciona |
Sobre
|
A Coinbase Wallet foi lançada pela troca da Coinbase para operações seguras com moedas e tokens. Para usar a Coinbase Wallet, você não precisa ter uma conta na troca da Coinbase.
|
O MetaMask é uma carteira de múltiplas criptomoedas de código aberto e uma porta de entrada para aplicativos descentralizados baseados no Ethereum. Como a carteira é feita para trabalhar com o blockchain Ethereum, entende-se que ele suporta apenas tokens Ether e ERC20. Essa carteira foi projetada para permitir que os usuários controlem seus dados e ativos ao máximo e não armazena dados e ativos de seus usuários. O MetaMask é um aplicativo móvel, mas aqueles que precisam de uma versão para desktop podem usar uma extensão do navegador MetaMask. Está disponível para os navegadores Chrome, Brave e Firefox.
|
Data de fundação
| 2018 | 2016 |
País
| USA | Switzerland |
Idiomas
| English, Portuguese, German, French, Spanish, Italian, Dutch, Indonesian | English |
Wallet type
| Software wallet | Software wallet |
Storage type
| Hot wallet | Hot wallet |
Private keys
| Available | Available |
Available coins
| 181 - Bitcoin (BTC), Ethereum Classic (ETC), VeChain (VET), OmiseGO (OMG), Qtum (QTUM), ICON (ICX), Bytom (BTM), Populous (PPT), Wanchain (WAN), Dogecoin (DOGE), DigixDAO (DGD), Waves (WAVES), Zilliqa (ZIL), RChain (RHOC), Aeternity (AE), Status (SNT), 0x (ZRX), Loopring (LRC), Aion (AION), Golem (GNT), IOST (IOST), KuCoin Shares (KCS), Waltonchain (WTC), aelf (ELF), Centrality (CENNZ), Dragonchain (DRGN), Substratum (SUB), QASH (QASH), Veritaseum (VERI), Mithril (MITH), Gas (GAS), Elastos (ELA), Voyager Token (VGX), FunFair (FUN), Nebulas (NAS), Nucleus Vision (NCASH), Revain (REV), WAX (WAX), SALT (SALT), Power Ledger (POWR), Storm (STORM), Mixin (XIN), Enigma (ENG), Storj (STORJ), TenX (PAY), Cindicator (CND), Dentacoin (DCN), Civic (CVC), Iconomi (ICN), SingularityNET (AGI), Matrix AI Network (MAN), POA Network (POA), GameCredits (GAME), Dent (DENT), Quantstamp (QSP), Gnosis (GNO), iExec RLC (RLC), Decentraland (MANA), Polymath (POLY), Cube (CUBEAUTO), Po.et (POE), Genaro Network (GNX), Loom Network (LOOM), NULS (NULS), Dynamic Trading Rights (DTR), Time New Bank (TNB), Aragon (ANT), Enjin Coin (ENJ), High Performance Blockchain (HPB), Raiden Network Token (RDN), Metal (MTL), Santiment Network Token (SAN), Pundi X (NPXS), SIRIN LABS Token (SRN), Dropil (DROP), Bluzelle (BLZ), SmartMesh (SMT), Genesis Vision (GVT), THETA (THETA), Credits (CS), Pillar (PLR), Paypex (PAYX), Gifto (GTO), BLOCKv (VEE), AirSwap (AST), DEW (DEW), Bibox Token (BIX), OST (OST), ETHLend (LEND), IoT Chain (ITC), DATA (DTA), Scry.info (DDD), Ruff (RUFF), Ripio Credit Network (RCN), SONM (SNM), Quantum Resistant Ledger (QRL), AdEx (ADX), SophiaTX (SPHTX), SingularDTV (SNGLS), Eidoo (EDO), UTRUST (UTK), Ambrosus (AMB), Edgeless (EDG), EvenCoin (EVN), WePower (WPR), Pura (PURA), SpankChain (SPANK), CRYPTO20 (C20), Telcoin (TEL), Crypterium (CRPT), Oyster Pearl (PRL), MediShares (MDS), AppCoins (APPC), USD Coin (USDC), Ripple (XRP), Binance Coin (BNB), Bitcoin Cash (BCH), EOS (EOS), Ethereum (ETH), Litecoin (LTC), Stellar (XLM), LKSCOIN, Polkadot (DOT), renBTC (RENBTC), NXM (NXM), Terra (LUNA), Ampleforth (AMPL), xDai (STAKE), Nectar (NEC), sUSD (SUSD), Zap (ZAP), Monolith (TKN), Metronome (MET), YAM v1 (YAM), bitCNY (BITCNY), Hydro Protocol (HOT), Auctus (AUC), Loopring [NEO] (LRN), Compound Dai (CDAI), Compound SAI (CSAI), Compound USD Coin (CUSDC), pTokens BTC (PBTC), Compound Ether (CETH), PieDAO BTC++ (BTC++), Compound Basic Attention Token (CBAT), Compound 0x (CZRX), Compound Wrapped BTC (CWBTC), Compound USDT (CUSDT), Compound Augur (CREP), XinFin Network (XDC), Crypto.com Coin (CRO), UNUS SED LEO (LEO), Huobi Token (HT), Binance USD (BUSD), Celsius (CEL), Algorand (ALGO), OKB (OKB), TrueUSD (TUSD), HUSD (HUSD), Ocean Protocol (OCEAN), ABBC Coin (ABBC), Energy Web Token (EWT), Quant (QNT), ZB Token (ZB), SwissBorg (CHSB), DxChain Token (DX), The Midas Touch Gold (TMTG), IoTeX (IOTX), RSK Infrastructure Framework (RIF), TomoChain (TOMO), Kleros (PNK), Chiliz (CHZ), Uquid Coin (UQC), Ankr (ANKR), Velas (VLX), IRISnet (IRIS), Energi (NRG), Unibright (UBT), WAX (WAXP), Fantom (FTM), NAGA Coin | 181 - Basic Attention Token (BAT), Ethereum Classic (ETC), VeChain (VET), OmiseGO (OMG), Qtum (QTUM), ICON (ICX), Bytom (BTM), Populous (PPT), Wanchain (WAN), DigixDAO (DGD), Waves (WAVES), Zilliqa (ZIL), RChain (RHOC), Aeternity (AE), Status (SNT), 0x (ZRX), Loopring (LRC), Aion (AION), Golem (GNT), IOST (IOST), KuCoin Shares (KCS), Waltonchain (WTC), aelf (ELF), Centrality (CENNZ), Dragonchain (DRGN), Substratum (SUB), QASH (QASH), Veritaseum (VERI), Mithril (MITH), Gas (GAS), Elastos (ELA), Voyager Token (VGX), FunFair (FUN), Nebulas (NAS), Nucleus Vision (NCASH), Revain (REV), WAX (WAX), SALT (SALT), Power Ledger (POWR), Storm (STORM), Mixin (XIN), Enigma (ENG), Storj (STORJ), TenX (PAY), Cindicator (CND), Dentacoin (DCN), Civic (CVC), Iconomi (ICN), SingularityNET (AGI), Matrix AI Network (MAN), POA Network (POA), GameCredits (GAME), Dent (DENT), Quantstamp (QSP), Gnosis (GNO), iExec RLC (RLC), Decentraland (MANA), Polymath (POLY), Cube (CUBEAUTO), Po.et (POE), Genaro Network (GNX), Loom Network (LOOM), NULS (NULS), Dynamic Trading Rights (DTR), Time New Bank (TNB), Aragon (ANT), Enjin Coin (ENJ), High Performance Blockchain (HPB), Raiden Network Token (RDN), Metal (MTL), Santiment Network Token (SAN), Pundi X (NPXS), SIRIN LABS Token (SRN), Dropil (DROP), Bluzelle (BLZ), SmartMesh (SMT), Genesis Vision (GVT), THETA (THETA), Pillar (PLR), Paypex (PAYX), Gifto (GTO), PayPie (PPP), BLOCKv (VEE), AirSwap (AST), DEW (DEW), Bibox Token (BIX), OST (OST), ETHLend (LEND), IoT Chain (ITC), DATA (DTA), Scry.info (DDD), Ruff (RUFF), Ripio Credit Network (RCN), SONM (SNM), Quantum Resistant Ledger (QRL), AdEx (ADX), SophiaTX (SPHTX), SingularDTV (SNGLS), Eidoo (EDO), UTRUST (UTK), Ambrosus (AMB), Edgeless (EDG), EvenCoin (EVN), WePower (WPR), SpankChain (SPANK), CRYPTO20 (C20), Telcoin (TEL), Crypterium (CRPT), Oyster Pearl (PRL), MediShares (MDS), AppCoins (APPC), USD Coin (USDC), Binance Coin (BNB), EOS (EOS), Ethereum (ETH), Tether (USDT), Tron (TRX), LKSCOIN, Polkadot (DOT), Matic Network (MATIC), renBTC (RENBTC), NXM (NXM), Terra (LUNA), Ampleforth (AMPL), xDai (STAKE), Nectar (NEC), sUSD (SUSD), Zap (ZAP), Monolith (TKN), Metronome (MET), YAM v1 (YAM), bitCNY (BITCNY), Hydro Protocol (HOT), Auctus (AUC), Loopring [NEO] (LRN), Compound Dai (CDAI), Compound SAI (CSAI), Compound USD Coin (CUSDC), pTokens BTC (PBTC), Compound Ether (CETH), PieDAO BTC++ (BTC++), Compound Basic Attention Token (CBAT), Compound 0x (CZRX), Compound Wrapped BTC (CWBTC), Compound USDT (CUSDT), Compound Augur (CREP), sBTC (SBTC), XinFin Network (XDC), Crypto.com Coin (CRO), UNUS SED LEO (LEO), Huobi Token (HT), Binance USD (BUSD), Celsius (CEL), Algorand (ALGO), OKB (OKB), TrueUSD (TUSD), HUSD (HUSD), Paxos Standard (PAX), Ocean Protocol (OCEAN), ABBC Coin (ABBC), Energy Web Token (EWT), Quant (QNT), ZB Token (ZB), SwissBorg (CHSB), DxChain Token (DX), The Midas Touch Gold (TMTG), IoTeX (IOTX), RSK Infrastructure Framework (RIF), TomoChain (TOMO), Kleros (PNK), Chiliz (CHZ), Uquid Coin (UQC), Ankr (ANKR), Velas (VLX), IRISnet (IRIS), Hive (HIVE), Energi (NRG), Unibright (UBT), WAX (WAXP), Fantom (FTM), NAGA Coin |
Segurança
| Third Party Encrypted | Personal |
Anonimato
| Low | High |
Fácil de usar
| Easy | Easy |
Tem cartão anexado
| no | no |
Tem instalações comerciais
| yes | Sem dados |
Tem vouchers e ofertas
| Sem dados | Sem dados |
Recursos
| Multi-Signature, 2 Factor Authentication | Hierarchical Deterministic, Open Source |
| Sobre |
A Coinbase Wallet foi lançada pela troca da Coinbase para operações seguras com moedas e tokens. Para usar a Coinbase Wallet, você não precisa ter uma conta na troca da Coinbase.
|
O MetaMask é uma carteira de múltiplas criptomoedas de código aberto e uma porta de entrada para aplicativos descentralizados baseados no Ethereum. Como a carteira é feita para trabalhar com o blockchain Ethereum, entende-se que ele suporta apenas tokens Ether e ERC20. Essa carteira foi projetada para permitir que os usuários controlem seus dados e ativos ao máximo e não armazena dados e ativos de seus usuários. O MetaMask é um aplicativo móvel, mas aqueles que precisam de uma versão para desktop podem usar uma extensão do navegador MetaMask. Está disponível para os navegadores Chrome, Brave e Firefox.
|
|---|---|---|
| Data de fundação | Data de fundação 2018 | Data de fundação 2016 |
| País | País USA | País Switzerland |
| Idiomas | Idiomas English, Portuguese, German, French, Spanish, Italian, Dutch, Indonesian | Idiomas English |
| Wallet type | Wallet type Software wallet | Wallet type Software wallet |
| Storage type | Storage type Hot wallet | Storage type Hot wallet |
| Private keys | Private keys Available | Private keys Available |
| Available coins | Available coins 181 - Bitcoin (BTC), Ethereum Classic (ETC), VeChain (VET), OmiseGO (OMG), Qtum (QTUM), ICON (ICX), Bytom (BTM), Populous (PPT), Wanchain (WAN), Dogecoin (DOGE), DigixDAO (DGD), Waves (WAVES), Zilliqa (ZIL), RChain (RHOC), Aeternity (AE), Status (SNT), 0x (ZRX), Loopring (LRC), Aion (AION), Golem (GNT), IOST (IOST), KuCoin Shares (KCS), Waltonchain (WTC), aelf (ELF), Centrality (CENNZ), Dragonchain (DRGN), Substratum (SUB), QASH (QASH), Veritaseum (VERI), Mithril (MITH), Gas (GAS), Elastos (ELA), Voyager Token (VGX), FunFair (FUN), Nebulas (NAS), Nucleus Vision (NCASH), Revain (REV), WAX (WAX), SALT (SALT), Power Ledger (POWR), Storm (STORM), Mixin (XIN), Enigma (ENG), Storj (STORJ), TenX (PAY), Cindicator (CND), Dentacoin (DCN), Civic (CVC), Iconomi (ICN), SingularityNET (AGI), Matrix AI Network (MAN), POA Network (POA), GameCredits (GAME), Dent (DENT), Quantstamp (QSP), Gnosis (GNO), iExec RLC (RLC), Decentraland (MANA), Polymath (POLY), Cube (CUBEAUTO), Po.et (POE), Genaro Network (GNX), Loom Network (LOOM), NULS (NULS), Dynamic Trading Rights (DTR), Time New Bank (TNB), Aragon (ANT), Enjin Coin (ENJ), High Performance Blockchain (HPB), Raiden Network Token (RDN), Metal (MTL), Santiment Network Token (SAN), Pundi X (NPXS), SIRIN LABS Token (SRN), Dropil (DROP), Bluzelle (BLZ), SmartMesh (SMT), Genesis Vision (GVT), THETA (THETA), Credits (CS), Pillar (PLR), Paypex (PAYX), Gifto (GTO), BLOCKv (VEE), AirSwap (AST), DEW (DEW), Bibox Token (BIX), OST (OST), ETHLend (LEND), IoT Chain (ITC), DATA (DTA), Scry.info (DDD), Ruff (RUFF), Ripio Credit Network (RCN), SONM (SNM), Quantum Resistant Ledger (QRL), AdEx (ADX), SophiaTX (SPHTX), SingularDTV (SNGLS), Eidoo (EDO), UTRUST (UTK), Ambrosus (AMB), Edgeless (EDG), EvenCoin (EVN), WePower (WPR), Pura (PURA), SpankChain (SPANK), CRYPTO20 (C20), Telcoin (TEL), Crypterium (CRPT), Oyster Pearl (PRL), MediShares (MDS), AppCoins (APPC), USD Coin (USDC), Ripple (XRP), Binance Coin (BNB), Bitcoin Cash (BCH), EOS (EOS), Ethereum (ETH), Litecoin (LTC), Stellar (XLM), LKSCOIN, Polkadot (DOT), renBTC (RENBTC), NXM (NXM), Terra (LUNA), Ampleforth (AMPL), xDai (STAKE), Nectar (NEC), sUSD (SUSD), Zap (ZAP), Monolith (TKN), Metronome (MET), YAM v1 (YAM), bitCNY (BITCNY), Hydro Protocol (HOT), Auctus (AUC), Loopring [NEO] (LRN), Compound Dai (CDAI), Compound SAI (CSAI), Compound USD Coin (CUSDC), pTokens BTC (PBTC), Compound Ether (CETH), PieDAO BTC++ (BTC++), Compound Basic Attention Token (CBAT), Compound 0x (CZRX), Compound Wrapped BTC (CWBTC), Compound USDT (CUSDT), Compound Augur (CREP), XinFin Network (XDC), Crypto.com Coin (CRO), UNUS SED LEO (LEO), Huobi Token (HT), Binance USD (BUSD), Celsius (CEL), Algorand (ALGO), OKB (OKB), TrueUSD (TUSD), HUSD (HUSD), Ocean Protocol (OCEAN), ABBC Coin (ABBC), Energy Web Token (EWT), Quant (QNT), ZB Token (ZB), SwissBorg (CHSB), DxChain Token (DX), The Midas Touch Gold (TMTG), IoTeX (IOTX), RSK Infrastructure Framework (RIF), TomoChain (TOMO), Kleros (PNK), Chiliz (CHZ), Uquid Coin (UQC), Ankr (ANKR), Velas (VLX), IRISnet (IRIS), Energi (NRG), Unibright (UBT), WAX (WAXP), Fantom (FTM), NAGA Coin | Available coins 181 - Basic Attention Token (BAT), Ethereum Classic (ETC), VeChain (VET), OmiseGO (OMG), Qtum (QTUM), ICON (ICX), Bytom (BTM), Populous (PPT), Wanchain (WAN), DigixDAO (DGD), Waves (WAVES), Zilliqa (ZIL), RChain (RHOC), Aeternity (AE), Status (SNT), 0x (ZRX), Loopring (LRC), Aion (AION), Golem (GNT), IOST (IOST), KuCoin Shares (KCS), Waltonchain (WTC), aelf (ELF), Centrality (CENNZ), Dragonchain (DRGN), Substratum (SUB), QASH (QASH), Veritaseum (VERI), Mithril (MITH), Gas (GAS), Elastos (ELA), Voyager Token (VGX), FunFair (FUN), Nebulas (NAS), Nucleus Vision (NCASH), Revain (REV), WAX (WAX), SALT (SALT), Power Ledger (POWR), Storm (STORM), Mixin (XIN), Enigma (ENG), Storj (STORJ), TenX (PAY), Cindicator (CND), Dentacoin (DCN), Civic (CVC), Iconomi (ICN), SingularityNET (AGI), Matrix AI Network (MAN), POA Network (POA), GameCredits (GAME), Dent (DENT), Quantstamp (QSP), Gnosis (GNO), iExec RLC (RLC), Decentraland (MANA), Polymath (POLY), Cube (CUBEAUTO), Po.et (POE), Genaro Network (GNX), Loom Network (LOOM), NULS (NULS), Dynamic Trading Rights (DTR), Time New Bank (TNB), Aragon (ANT), Enjin Coin (ENJ), High Performance Blockchain (HPB), Raiden Network Token (RDN), Metal (MTL), Santiment Network Token (SAN), Pundi X (NPXS), SIRIN LABS Token (SRN), Dropil (DROP), Bluzelle (BLZ), SmartMesh (SMT), Genesis Vision (GVT), THETA (THETA), Pillar (PLR), Paypex (PAYX), Gifto (GTO), PayPie (PPP), BLOCKv (VEE), AirSwap (AST), DEW (DEW), Bibox Token (BIX), OST (OST), ETHLend (LEND), IoT Chain (ITC), DATA (DTA), Scry.info (DDD), Ruff (RUFF), Ripio Credit Network (RCN), SONM (SNM), Quantum Resistant Ledger (QRL), AdEx (ADX), SophiaTX (SPHTX), SingularDTV (SNGLS), Eidoo (EDO), UTRUST (UTK), Ambrosus (AMB), Edgeless (EDG), EvenCoin (EVN), WePower (WPR), SpankChain (SPANK), CRYPTO20 (C20), Telcoin (TEL), Crypterium (CRPT), Oyster Pearl (PRL), MediShares (MDS), AppCoins (APPC), USD Coin (USDC), Binance Coin (BNB), EOS (EOS), Ethereum (ETH), Tether (USDT), Tron (TRX), LKSCOIN, Polkadot (DOT), Matic Network (MATIC), renBTC (RENBTC), NXM (NXM), Terra (LUNA), Ampleforth (AMPL), xDai (STAKE), Nectar (NEC), sUSD (SUSD), Zap (ZAP), Monolith (TKN), Metronome (MET), YAM v1 (YAM), bitCNY (BITCNY), Hydro Protocol (HOT), Auctus (AUC), Loopring [NEO] (LRN), Compound Dai (CDAI), Compound SAI (CSAI), Compound USD Coin (CUSDC), pTokens BTC (PBTC), Compound Ether (CETH), PieDAO BTC++ (BTC++), Compound Basic Attention Token (CBAT), Compound 0x (CZRX), Compound Wrapped BTC (CWBTC), Compound USDT (CUSDT), Compound Augur (CREP), sBTC (SBTC), XinFin Network (XDC), Crypto.com Coin (CRO), UNUS SED LEO (LEO), Huobi Token (HT), Binance USD (BUSD), Celsius (CEL), Algorand (ALGO), OKB (OKB), TrueUSD (TUSD), HUSD (HUSD), Paxos Standard (PAX), Ocean Protocol (OCEAN), ABBC Coin (ABBC), Energy Web Token (EWT), Quant (QNT), ZB Token (ZB), SwissBorg (CHSB), DxChain Token (DX), The Midas Touch Gold (TMTG), IoTeX (IOTX), RSK Infrastructure Framework (RIF), TomoChain (TOMO), Kleros (PNK), Chiliz (CHZ), Uquid Coin (UQC), Ankr (ANKR), Velas (VLX), IRISnet (IRIS), Hive (HIVE), Energi (NRG), Unibright (UBT), WAX (WAXP), Fantom (FTM), NAGA Coin |
| Segurança | Segurança Third Party Encrypted | Segurança Personal |
| Anonimato | Anonimato Low | Anonimato High |
| Fácil de usar | Fácil de usar Easy | Fácil de usar Easy |
| Tem cartão anexado | Tem cartão anexado no | Tem cartão anexado no |
| Tem instalações comerciais | Tem instalações comerciais yes | Tem instalações comerciais Sem dados |
| Tem vouchers e ofertas | Tem vouchers e ofertas Sem dados | Tem vouchers e ofertas Sem dados |
| Recursos | Recursos Multi-Signature, 2 Factor Authentication | Recursos Hierarchical Deterministic, Open Source |
Social
Site
| coinbase-consumer.sjv.io | metamask.io |
| @CoinbaseWallet | @metamask_io |
| Site | Site coinbase-consumer.sjv.io | Site metamask.io |
|---|---|---|
| Twitter @CoinbaseWallet | Twitter @metamask_io |
Vantagens
| - Disponibilidade de uma ampla gama de ativos - Suporte de moedas fiduciárias | - Fácil de usar - Taxas flexíveis - Boa funcionalidade - Vasta gama de tokens suportados |
Desvantagens
| - O anonimato do usuário não é garantido | - Não é totalmente privado |
Avaliação
| User rating | User rating 7 avaliações do usuário | User rating 21 avaliações do usuário |
|---|---|---|
| Cryptogeek rating | Cryptogeek rating | Cryptogeek rating |
| Vantagens | Vantagens - Disponibilidade de uma ampla gama de ativos - Suporte de moedas fiduciárias | Vantagens - Fácil de usar - Taxas flexíveis - Boa funcionalidade - Vasta gama de tokens suportados |
| Desvantagens | Desvantagens - O anonimato do usuário não é garantido | Desvantagens - Não é totalmente privado |
A avaliação de Coinbase Wallet usuários é de 3.1, com base em 7 avaliações de usuários. A avaliação de MetaMask usuários é de 2.5, com base em 21 avaliações de usuários.
We also calculate the special Cryptogeek TrustScore based on the characteristics of each wallet.
| Escolhemos o vencedor com base em nossa classificação da Pontuação de Confiança. Lembre-se de que ainda depende de você qual empresa escolher! Como calculamos a Pontuação de Confiança? |
Conclusion
Both wallets have a huge reputation and long history of use by people around the globe. Both wallets are trusted by millions; both are established names on the crypto market. In no way can we say that Coinbase Wallet should be preferred to MetaMask or vice versa. These wallets are rather for different types of people, for different needs or personal requirements.
While Coinbase is a product of a powerful international public company, MetaMask is a more low-key product. It is not backed by such huge resources as Coinbase. However, its design and functionality make it a strong rival. More usually, MetaMask gets compared with MyEtherWallet (MEW). In some instances, MEW is praised over MetaMask.
There are two groups of people who will probably prefer MetaMask: those who don't want to pay these hefty fees on Coinbase and developers working with Ethereum. Other possible pros of MetaMask are associated with its free spirit. The wallet website gives tips on bypassing the restrictions of using this wallet in sanctioned countries. It is hard to imagine that MetaMask would have banned its users' accounts in times of political tensions — that's something that Coinbase has already done.
Coinbase Wallet, however, has strong characteristics that make it more attractive for many people. The list of the supported tokens is more diverse. The protection measures are significant. The institutional support plays well for the funds' security as well. The rich choice of payment methods makes Coinbase an accessible gateway crypto wallet. The serious drawback is the commission's size. There are things to consider. Think hard before you decide on which wallet to use!
In this article, we will compare two crypto wallets from lauded cryptocurrency brands. One of them is Coinbase, a reputable company that offers numerous cryptocurrency-related services, including crypto wallets. Another brand is focused on the crypto wallet, and its wallet is one of the most trusted. The name of the brand is Metamask. We will compare both wallets by features, statistics, and other factors. Reading this article, you will see the key characteristics of both wallets and will be able to decide on which one (if any) fits your demands the best.
- What Is Coinbase Wallet?
- What Is Metamask?
- Coinbase Wallet vs Metamask (table)
- Coinbase Wallet vs Metamask (details)
- Conclusion
What Is Coinbase Wallet?
Coinbase is an American company launched in 2012. Coinbase offers several services. The brand is best known for its crypto exchange. Coinbase is the leading crypto exchange by market cap in the USA. It was the first big crypto company to go public on the US stock market. It happened in 2021. Coinbase wallet is the most accessible product of the Coinbase line. The wallet can be used in most of the world's countries while other Coinbase services are available only in several dozen jurisdictions.
Coinbase wallet is a self-custody (non-custodial) wallet meaning that the only person who can access your private keys is you. Coinbase wallet can store thousands of crypto tokens, including NFTs, and can be used for payments in decentralized applications (dApps) and on DeFi platforms. One of the special features of Coinbase Wallet is that it has an institutional-grade level of security. As Coinbase Wallet is a part of the Coinbase ecosystem, the wallet has smooth connectivity with the Coinbase exchanges and other products. The wallet exists in the form of a mobile app, web application, and browser extension.
What Is Metamask?
MetaMask is a hierarchical deterministic cryptocurrency wallet supporting the entire roster of Ethereum-based tokens. Networks supported on MetaMask include Binance Smart Chain, Avalanche, xDAI, Polygon, Fantom, Arbitrum, Harmony ONE, Cronos, Velas, and HECO. On top of that, this wallet supports Bitcoin, which makes MetaMask an easy choice for newbies. The tokens can be stored, swapped, sent, and received via MetaMask.
The wallet was launched in 2016 and quickly gained notoriety among crypto enthusiasts and professionals. MetaMask is considered to be one of the most convenient and easiest in use crypto wallets. It doesn't collect any user data. Passwords, private keys, and other data don't leave the wallet owner's device. The wallet is promoted as a key to the entire Ethereum ecosystem. The MetaMask team sees this wallet as a pass to web 3.0 where you can feel safe and free from the downsides of web 2.0. The wallet can be used by traders, developers, gamers, artists, and others.
Coinbase Wallet vs Metamask (table)
Factor |
Coinbase Wallet |
MetaMask |
| Platforms | iOS, Android, browser extension, desktop version | iOS, Android, browser extension, desktop version |
| Types of transactions | Send, swap, receive | Send, swap, receive |
| Transaction fees | 1.49% to 3.99% | 0.3% - 0.875% |
| Supported currencies | All the ERC20 tokens + all the top coins | All the Ethereum-based networks + Bitcoin |
| Security features | 98% of the user funds are stored offline in the vaults distributed around the globe, sensitive data is stored offline, AES-256 and SSL encryption, and 2-factor authentication | Secret recovery phrase, open-source wallet with constant code audit |
| Payment methods | Bank account (ACH), bank card, wire transfer, PayPal, GooglePay, ApplePay, cryptocurrency | Wyre, Transak, bank card, Apple Pay, cryptocurrency |
| Custodial? | No | No |
| Extra features | NFTs support, DeFi connectivity, Coinbase services connectivity | NFTs support, features for developers, web3 gateway |
| Access | Roughly 190 jurisdictions | Not available in sanctioned countries, however, MetaMask offers several options for the geofenced users |
Coinbase Wallet vs Metamask (details)
Platforms
MetaMask was struggling to provide a mobile app. However, in 2020, it became available. Now, both wallets support around the same number of formats and platforms. Both wallets offer branded browser extensions — that's quite a rare form of a crypto wallet/app.
Types of transactions
Both wallets can be used for the same basic transactions such as moving money in and out, storing them, and swapping tokens. DeFi and NFT markets connectivity make both wallets very modern and oriented at the latest market trends. We cannot say that one of the wallets outperforms the other by this factor.
Transaction fees
As for fees, MetaMask charges significantly lower fees. It's safe to say that MetaMask provides much more affordable service than Coinbase. In fact you can see that the fees on Coinbase are around 300% higher than on MetaMask. On Coinbase Wallet, you pay four times as much as on MetaMask.
Supported currencies
Coinbase wallet has a more diverse roster of supported tokens. It's better to say that nearly any worthy coin can be stored on Coinbase while MetaMask's list of supported coins is too focused on Ethereum-based projects. Of course, it is still hundreds of coins, but there are many great coins based on other networks. The good thing is that at least Bitcoin is still supported on MetaMask, which makes it much more attractive as Bitcoin is still the main attraction on the market.
Security features
Security-wise, Coinbase offers more options and protection layers. Coinbase is as safe as top banking institutions. For American users, their funds are insured. Cold storage and layers of encryption make Coinbase wallets hard to crack. More than that, accessing users' accounts is already a challenging task thanks to such a standard feature as 2fa. Interestingly, MetaMask doesn't support 2fa. The seed and secret phrases provide enough security. However, the browser extension version is at times criticized as not that safe. Some users complain that MetaMask is a bit buggy. Most MetaMask users complain about phishing attacks as the hacking of MetaMask is very hard. There are no records of MetaMask wallets being successfully hacked.
Custodial?
Both wallets don't collect users' private keys.
Payment methods
By this measure, Coinbase Wallet uncompromisingly outperforms MetaMask. It's more likely that you will find the preferred payment method among the supported payment methods on Coinbase rather than on MetaMask. The fact that Coinbase Wallet supports more mainstream coins makes it more accessible as you will have the ability to deposit some of the most popular coins.
Extra features
For the developers working with Ethereum, MetaMask is superior to Coinbase Wallet. The latter doesn't offer much compared to MetaMask. However, both wallets are decent in terms of being multi-functional.
Access
Both wallets can be used by the residents of more or less the same countries. It's hard to point out which of the wallets is more accessible.