Metamask vs Trust wallet – Which one is safer?

Metamask vs Trust wallet – Which one is safer? the question is now. Securing your cryptocurrencies is a challenge for all owners of digital assets. At a time when hackers proliferate and regularly sharpen their methods, it can be challenging to put your cryptocurrencies in a safe place.

However, various options can be implemented: Hot Wallet, Cold Wallet, or the combo of two. The most commonly used hot wallets are the Metamask wallet and Trust wallet. These are only accessible via the Internet. The advantage? You can access your private keys everywhere and from different devices.

We hope this article  will help you decide whether to choose a MetaMask or Trust wallet for storing your cryptos. Both of these two wallets have their specificities. Before tackling their security aspects, let’s look at their general features.

What is MetaMask?

MetaMask is a crypto-currency wallet based on the Ethereum blockchain or EVM virtual machine. Metamask comes as a web browser plugin or extension that simplifies interaction with Ethereum Apps.

That said, this wallet has the particularity of working with all Ethereum-based blockchains, which represent several tokens. For example, it works on BAT, Basic Attention Token, and Binance Coin and Binance smart chain. Moreover, you can use it as a browser extension on all the most used browsers, like Chrome, Firefox, Brave, or Edge.

This system was born thanks to developers Aaron Davis and Fan Finlay in 2016. The idea of ​​the project is to offer a bridge for all decentralized apps through an Internet browser. Thus, Metamask was developed by providing simple access to dApps from an easy-to-use one.

Metamask has many advantages, like buying cryptocurrencies on Coinbase or ShapeShift. It is also OpenSource software, which means it is free. On the wallet, you can also use multiple accounts.

On the other hand, Metamask has some limitations, such as incompatibility with some dApps.

What is a Trust Wallet?

Trust Wallet app is a crypto wallet in the form of a mobile app created in 2017 by Viktor Radchenko of the company Six Days LLC. It was then acquired by the Binance platform in 2018 to become its official wallet.

Trust Wallet’s collaboration with Web3 Browser and Kyber Network allows users of this wallet to easily integrate with decentralized exchanges and interact with dApps ( decentralized applications). It is also possible to do stacking using the Proof of Stake consensus to generate rewards with your tokens. Trust wallet supports numerous popular altcoins. Besides, it hosts Ethereum based tokens i.e., ERC20 tokens. Like MetMask is an open source application.

MetaMask wallet security

MetaMask has never experienced a significant security breach to date. You will need to compose a 12-word sentence, which you will need to write down and keep away from prying eyes (and hackers). This recovery phrase is the central principle of the security of “non-custodial” wallets because the service user is the holder of the key to his vault.

When registering, the service will ask you to enter a password and assign you the famous recovery phrase. It must then be checked before having access to all MetaMask services. If you lose this phrase or if it ends up in the hands of a third party, you may lose access to your crypto assets forever. Luckily, you have access to other layers of security like Password and Master Key.

On the application, the security arsenal is even more complete. The default auto-lock feature locks the screen after 30 seconds of inactivity, and you’ll need to scan your fingerprint each time you unlock it.

There is always the risk of phishing, which is not due to the service and even if few incidents of this nature have been mentioned since the launch of MetaMask.

Trust wallet security

The Trust crypto wallet has several security features for its application:

  • A backup feature to recover funds from your wallet,
  • Biometric marker systems to authenticate your account,
  • A PIN code and fingerprint scan for login.

However, this remains very limited for an online crypto wallet. You should not forget that hot wallets’ security remains vulnerable since it needs an internet connection to function.

But, Trust Wallet is a very secure hot wallet to protect your data. Moreover, user keys are stored on devices that use the application in addition to the recovery phase. There is also a biometric scanning system for account authentication verification. And to log in to your account, a PIN code and a fingerprint scan are required.

Metamask vs Trust wallet – common downsides

Are you not tempted by the Cold Wallet solution? In this case, you could opt for the Hot Wallet to secure your cryptocurrencies. Some of the most used are Metamas and Trust wallet. Their features consist of storing cryptocurrencies on a computer, smartphone, or tablet by securing the private key.

The advantage of these two wallets is that the owner has complete control over their digital assets. He disposes of it as he wants…unless a hacker enters the scene.

Indeed, since the private key is on the computer, it is likely to be attacked by a computer virus. Result: by wanting to keep his cryptocurrencies, the owner exposes them to scammers!

Another difficulty with these wallets is that you have to do regular monitoring. Regular updates are made, and it is essential to integrate them into your system. Otherwise, it becomes even more vulnerable.

How to protect your wallet

Cybercriminals are constantly inventing new and more sophisticated techniques to lure cryptocurrency investors. However, most scams have common points that allow them to be detected. To protect yourself against intruders, you must follow a few fairly simple security rules.

Beware of e-mails and messages that ask you to make a payment, threaten to block your account, or, on the contrary, offer you a get-rich-quick scheme.

Analyze the sender’s address. It is definitely a scam if the company name is misspelled or the domain is a meaningless set of characters.

Protect your data and credentials to log in to your account and access your funds. Do some research to find out how your cryptocurrency wallet’s security system works, what information the help desk might ask you, and what information you shouldn’t share.

Install a security solution that protects you against online fraud and phishing to keep your money safe from scams.

Metamask vs Trust wallet – Which one is safer?

Cryptocurrencies in an exchange wallet are never entirely secure. Moreover, they are not your property. Access to your exchange wallet is linked to your account on this platform. If for some reason, access to your account were to be restricted, you could quickly lose everything. When cryptocurrency exchanges close, customers sometimes lose their coins as well.

MetaMask and Trust wallets are among the most popular and safe hot crypto wallets. But when it comes to MetaMask, the fact is that it doesn’t deal with your private keys and has no access to your data (seed phrases, for instance) in case the owner loses them or deletes them.

As you can see, both wallets dispose of a backup feature, biometric marker systems, and a fingerprint scan for login.

In any case, if you buy cryptocurrencies, it is better not just to leave them in the wallet of a cryptocurrency exchange. Therefore, it is better to choose a cryptocurrency wallet where you can securely store the private keys of your precious coins.

According to general opinion, the safest way to store your cryptos is to use several crypto wallets, cold and hot ones combined. Finally, both wallets offer a top-notch level of security. However, if you are still concerned, you should consider opting for the cold wallet version.

Why should you secure your cryptocurrencies?

We can never say it enough: security is essential in the world of cryptocurrencies.

Users of digital assets can decide to store their assets on an exchange platform. The problem is that the huge amount of cryptocurrencies stored by the platform can attract malicious people. They will then carry out cyberattacks to seize the coffers of the stock market. As a result, you could lose all your assets.

Cryptocurrencies can be leveraged for trading. You need to register on a platform, open positions, etc. Apart from fiat currency, several trading sites offer to trade with digital assets. However, here too, there is a problem. Which? The platform can also be the victim of an attack. You could then have your Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Solana (SOL), etc., wallet stolen.

Some people simply decide to store their cryptocurrencies on their computers. After all, it’s (perhaps) not a bad idea. However, we must not lose sight of the fact that a computer is a good that can be lost. It can also be stolen. If it falls into the hands of a hacker, the latter will be happy to find the user’s data there. He will make the computer the goose that lays the golden eggs to enrich himself with digital assets. So no matter if you choose MetaMask or Trust wallet, make sure the mobile devices you use for trading are always in a safe place.

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