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Crypto wallets (15)
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MetaMask vs Coinbase Wallet

Overview

Description

MetaMask is a leading software wallet for Ethereum-based tokens, serving as both an interface and browser for Web3 applications. Its browser extension is the most popular method for connecting and interacting with decentralized apps, including Web3 gaming, DeFi, and NFTs.

MetaMask
Reviews

The Coinbase Wallet is the official wallet of the crypto exchange Coinbase and is one of the leading apps for storing and trading cryptocurrencies. This popular wallet is very intuitive to use and offers many additional features, including a handy browser extension for accessing Web3 applications.

Coinbase Wallet
Reviews
Pro's & Con's
Pro's
  • Popular interface for Web3 applications
  • Compatible with hardware wallets
  • Ability to purchase cryptocurrencies within the app
Con's
  • Slightly complicated for beginners
  • User interface could be more intuitive
  • Does not support Bitcoin storage
  • Only supports EVM blockchains
  • Some tokens need to be added manually
Pro's
  • Seamless integration with Coinbase exchange accounts.
  • Intuitive and user-friendly interface, ideal for beginners.
  • High-quality and clear design.
  • Includes a Web3 browser extension for easy access to decentralized applications.
  • Supports a wide range of cryptocurrencies and tokens.
Con's
  • Inconsistent customer support can lead to user dissatisfaction.
  • Higher transaction and network fees compared to some other wallets.
  • Centralized control may not appeal to users preferring decentralized options.
  • Limited advanced features for experienced users.

User Interface

Information

Wallet type
Software
Software
Price (Hardware)
Supported assets
450000
+
180
+
Open Source
yes
Yes
no
No
yes
Yes
no
No
Anonymity
Low
Medium
High
Low
Medium
High
Private Key Owner
You (Non-Custodial)
You (Non-Custodial)
Popularity
1.29 million followers
267.360 Follower

Hardware

Screen
Interfaces
Service
Processing quality
Low
Medium
High
Low
Medium
High
Secure Elements
FIDO U2F Authenticator
yes
Yes
no
No
yes
Yes
no
No
Certification
Dimensions
Weight
Scope of delivery

Features

Buy & Sell
yes
Yes
no
No
yes
Yes
no
No
Staking
yes
Yes
no
No
yes
Yes
no
No
NFT Integration
yes
Yes
no
No
yes
Yes
no
No
Two-factor authentication
yes
Yes
no
No
yes
Yes
no
No
Multi Signature
yes
Yes
no
No
yes
Yes
no
No
Backup
Recovery Seed (12 words
Recovery Seed (12 Words)
Unique Features
  • Access to Web3 apps
  • Browser extension
  • Connection to hardware wallets
  • Browser extension
  • Lending (earning interest)
  • DApp Browser
Available for US users?
yes
Yes
no
No
yes
Yes
no
No
Platforms

Wallet Rating

Overall rating
7.2
10
8.3
10
Our individual ratings
Operation
7
10
complicated
simple
Supported Assets
450000
180
simple
extensive
Security & Trust
8
8
simple
extensive
Functions & Scope
8
9
simple
extensive
Beginner friendliness
6
10
simple
extensive
Support
4
5
simple
extensive

About

The Company
Metamask (Mother: ConsenSys Inc.)
Coinbase, Inc.
Headquarters
USA
USA
Company size
Small
Medium
Large
Small
Medium
Large
Founder
-
Brian Armstrong, Fred Ehrsam
Year of foundation
2016
2012

Our Review

MetaMask is a straightforward wallet supporting all blockchains compatible with the Ethereum Virtual Machine (EVM). Within the Ethereum ecosystem, it functions seamlessly, providing easy access to Web3 applications. MetaMask is often required for these applications as a login alternative for account verification and creation. Therefore, MetaMask is more of an interface to Decentralized Finance (DeFi) and decentralized apps rather than a traditional wallet for managing a crypto portfolio. For the latter, there are better apps available that offer more comfort, easier setup, and simpler operation. However, MetaMask has long been the go-to choice for accessing Web3 and NFTs. This is gradually changing as more wallets now offer similar functionality through browser extensions.

MetaMask
Review

For users who already utilize Coinbase as an exchange, the Coinbase Wallet is an excellent addition, as it can be linked to the exchange account. However, the Coinbase Wallet is also a strong option for users of other exchanges, particularly beginners. The app is intuitive, clear, and boasts a high-quality design. Additionally, Coinbase offers a browser extension that provides easy access to Web3 applications. One downside, however, is the customer support, which, similar to the Coinbase exchange, can be sporadic and lead to dissatisfaction among some users. Despite this, we can recommend the Coinbase software wallet, especially for beginners.

Coinbase Wallet
Review
By
Ethan Parker
Senior Content Editor

Summary

Ethan Parker
By
Ethan Parker
Updated:
July 9, 2024

About the author

Ethan Parker
Ethan Parker
Senior Content Editor

Ethan is the go-to crypto guru at Exchange Flow, with nearly a decade steering traders through crypto exchange platforms worldwide, Ethan brings welcome clarity to the complex terrain of digital currencies. His hands-on approach to testing and analyzing exchanges worldwide makes his reviews and articles valuable information for readers and newcomers in the crypto world. Beyond his crypto expertise, Ethan is a retro gaming enthusiast and an explorer at heart, using his crypto gains to fuel adventures around the world. Dive into Ethan’s articles and reviews for a global perspective on cryptocurrency that’s as enlightening as it is engaging.

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