Summary: If you're trying to pick between MetaMask Wallet and Coinbase Wallet, you're in good company. Both are top choices in the crypto world and let you interact easily with the expanding web 3 world, be it via DeFi, gaming, or NFTs.
But if you want to make the best choice, MetaMask often wins for several reasons. It supports more blockchain networks, usually has lower fees, and offers stronger security.So, for most users, MetaMask Wallet is the go-to for exploring blockchain apps.
- Trusted by 30 million DeFi, NFT & GameFi users worldwide.
- Supports all Ethereum Virtual Machine (EVM) compatible networks.
- Best overall user experience for Chrome, Mozilla, iOS & Android users.
MetaMask and Coinbase Overview
Below is a quick comparison table that outlines the key features of Coinbase Wallet and MetaMask Wallet. After evaluating various aspects, we've found that MetaMask stands out as the superior option for the reasons listed below.
 Coinbase Wallet |
 Metamask Wallet |
|
|---|---|---|
| Supported Chains | All EVM Compatible Networks (except AVAX Subnets) | All EVM Compatible Networks |
| DEX Fees | 1% | 0.25% |
| Year Founded | 2021 | 2016 |
| Decentralized |  |
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| NFT Wallet | |
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| Crypto Staking | |
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| Support Team | |
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| Overall Rating |  |
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User Friendliness
Coinbase Wallet offers a user-friendly interface, which makes it an excellent option for those new to crypto. On the other hand, MetaMask might feel a bit complex for beginners, but it shines when it comes to its browser extension feature, especially if you frequently use decentralized applications.
Plus, MetaMask offers high customization, appealing to those who like to tailor their experience. In the end, the choice between Coinbase and MetaMask boils down to your personal preferences for ease of use and customization options.
Coinbase vs Metamask DEX Fees
When it comes to decentralized exchanges (DEX), both Coinbase Wallet and MetaMask offer in-built options for asset swapping in the DeFi space. However, they differ significantly in terms of fees. Coinbase Wallet's DEX is among the most expensive, with fees reaching up to 1%, not to mention gas fees that can exceed $120 USD per swap, even when on-chain fees are low.
In contrast, MetaMask's in-wallet DEX has a much more budget-friendly fee structure, charging only 0.25% per swap. That makes MetaMask's offering four times more cost-effective than Coinbase Wallet's.
Supported Blockchains
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 like DFK Chain.
Security
In the realm of security, Coinbase and MetaMask Wallet have distinct foundations. Coinbase operates as a centralized entity and takes on the responsibility of storing users' private keys. This centralization streamlines user experience but puts the onus of securing funds on Coinbase. Conversely, MetaMask is a decentralized wallet, storing private keys locally on the user's device. This grants users full autonomy over their assets.
Both wallets implement stringent security protocols, including two-factor authentication and mnemonic seed phrases. However, MetaMask's decentralized structure offers added security against risks like centralized exchange hacks. This advantage comes with the trade-off that users must be more vigilant in safeguarding their own assets.
Choosing between Coinbase and MetaMask for security ultimately hinges on your comfort with risk and desire for control over your funds.
NFT Wallets
When it comes to handling NFTs, both Coinbase Wallet and MetaMask offer similar experiences. This is because the NFT features in these Web 3 wallets are often linked to third-party platforms like OpenSea or Rarible. Essentially, whether you're buying NFTs through Coinbase Wallet or MetaMask, you're purchasing a token that's stored in your Web 3 wallet.
The only variation in how your NFTs are displayed comes from the different marketplaces and applications you connect your wallet to. So, in terms of NFT capabilities, there isn't a significant difference between the two wallets.
Final Thoughts
In sum, when choosing between MetaMask Wallet and Coinbase Wallet, it's crucial to consider your specific needs and comfort level with various features. While both wallets offer robust access to the Web 3 ecosystem, MetaMask edges out in terms of lower fees, greater security, and support for a wider range of blockchains. For those willing to tackle a steeper learning curve for the benefits of customization and cost-effectiveness, MetaMask is often the superior choice.
Andrew Chen is a lead editor and auditor of content for Buy Bitcoin Bank, with a Masters of Computer Science and extensive knowledge in cryptocurrency and blockchain technology. He has helped ensure the accuracy and quality of the platform's educational resources for new and experienced investors in the crypto space.
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