Metamask and Coinbase Comparison
The table below is a high-level comparison of Coinbase Wallet vs Metamask Wallet to highlight the key features of each platform. Our findings concluded that Metamask was the superior wallet based on the factors outlined below.
Coinbase vs Metamask DEX Fees
The Coinbase Wallet offers an in-built DEX that allows you to seamlessly swap between most assets in DeFi. This feature is the most expensive DEX on the market, with fees of up to 1% and gas fees exceeding $120 USD a swap (even when on-chain fees are low!).
The Metamask DEX in their wallet only charges 0.25% per swap in comparison. This makes Metamask 4x cheaper than Coinbase Wallet.
Metamask Wallet supports all Ethereum Virtual Machine (EVM) compatible blockchains which include: Ethereum, Avalanche, Avalanche Subnets, Polygon, Optimism, Arbitrum, Binance Smart Chain, and many others. It is the most well-connected Web 3 wallet and supports the most blockchains by far.
Coinbase Wallet also offers support to all EVM compatible blockchains, however they do not offer support for Avalanche Subnets.
Coinbase vs Metamask NFT Wallet
Both Coinbase and Metamask provide the same NFT Wallet experience. The user experience between Web 3 wallets does not deviate much for NFTs because you are connecting to third-party platforms like OpenSea or Rarible.
When you buy NFTs on Coinbase or Metamask Wallet, you are buying a token that gets stored in your Web 3 wallet. The display only varies when you connect your wallet to different marketplaces and applications that can interact with the NFTs in your wallet.
Final Verdict: Metamask or Coinbase?
The Metamask Wallet is an overall better wallet when compared to Coinbase because it connects to more blockchains, offers lower fees and a more secure experience. Coinbase Wallet has only been live for a year, whereas Metamask has been around since 2016 - making it the most battle-tested Web 3 wallet.