Metamask vs Coinbase Wallet: How Do They Compare?

Jack Moreau
Feb 2023
8 min read
Fact checked

With the ever-evolving world of cryptocurrencies, it is essential to find the right wallet to securely store and manage your digital assets. We have compared Metamask and Coinbase Wallet, two of the most popular cryptocurrency wallets, to help you find the one that best suits your needs. We have taken into account factors such as ease of use, security measures, supported platforms, number of cryptocurrencies and more. Make sure you choose the right wallet for you and your digital assets.

Metamask vs Coinbase Wallet: Overview

Metamask and Coinbase Wallet are two of the biggest crypto wallet services available today. Founded in 2016 and 2018 respectively, they are based in the USA and San Francisco and have over 500 and +500 employees respectively. Metamask has over 30 million users and over 10 million downloads on Android with a 4.4 star rating and 200,000 reviews. It also has 10 million downloads as a browser extension with a 3.2 star rating and 3,000 reviews. Coinbase Wallet has over 5 million users and over 5 million downloads on Android with a 4.0 star rating and 60,000 reviews. Coinbase has over 1 million downloads as a browser extension and a 3 star rating with 300 reviews. Both wallets are secure and provide user-friendly features. The choice between them depends on the user's preferences and needs.

MetaMask
Coinbase
Uphold
Wallet Type
Hot Wallet
Hot Wallet
Hosted Wallet
Cryptos
+1000
+1000
+250
Supported Blockchains
EVM-based
EVM-based + Solana
+100
Platforms
Browser, App
Browser, App
Exchange
KYC
No
No
Yes
Users
+30M
+5M
10M
Exchange
Yes
Yes
Yes
NFTs
No
No
Yes
Staking
No
No
Yes

Metamask vs Coinbase Wallet: User Experience

Metamask offers a basic and static user experience for EVM-based blockchains. It is non-custodial and available as a browser extension for Chrome, Firefox, Brave, Edge and Opera. Unfortunately, it is not available as a desktop wallet. Coinbase Wallet, on the other hand, offers a clean and slick looking user experience for EVM-compatible blockchains and Solana. It is also non-custodial and available as a browser extension for Chrome, Mozilla Firefox, Microsoft Edge, Brave and Opera. However, it is not available for desktop.

Metamask vs Coinbase Wallet: Product Features

Metamask and Coinbase Wallet are both widely used crypto wallets that offer users a secure and easy way to manage their crypto assets. Both wallets have a variety of features that enable users to store, send, receive, and swap digital assets.Metamask allows users to perform in-app swaps via Uniswap, Sushiswap, and 1inch with a 0.875% swap fee. The wallet is open source and supports NFTs on EVM-compatible blockchains like Ethereum and Polygon. Additionally, MetaMask users can buy crypto via PayPal in the wallet and sort their taxes with Koinly tax software.Coinbase Wallet offers in-app swaps via Uniswap or Sushiswap with 1% fees on all swaps. The wallet is open source and supports NFTs on Ethreum and Polygon. Coinbase Wallet can be connected to a Coinbase exchange account and users can buy crypto in the wallet with Fiat via Uphold integrations. Unfortunately, staking is not available via the wallet.

Metamask vs Coinbase Wallet: Cryptocurrencies

Metamask and Coinbase Wallet are both popular crypto wallets, each offering its own advantages. Metamask supports over 1000 tokens, including Dai, USDC and USDT for Ethereum, Polygon, and BSC, while Coinbase Wallet supports over 1000 tokens including USDT and USDC for Ethereum, BNB Chain, Avalanche, Polygon, Solana and Optimism. Metamask only supports EVM-based blockchains, while Coinbase Wallet supports EVM-based plus Solana. Metamask supports 5 hardware wallets, including Ledger, Trezor, Airgap, Keystone and Lattice, while Coinbase Wallet supports Ledger hardware wallet.

Metamask vs Coinbase Wallet: Security

Metamask and Coinbase Wallet are two popular wallets for storing cryptocurrency. Both are non-custodial, meaning that users are in control of their own funds without relying on a third-party. Metamask is fully open source and has been audited by Least Security, with a bug bounty program on HackerOne. In addition, Metamask has built-in phishing intelligence that proactively alerts users when they may be at risk. Coinbase Wallet is also non-custodial, but only partly open source. Coinbase has a fully decentralized, crowdsourced security audit and bug bounty solution called WEFUZZ, and enhanced layers of protection against scams. Both wallets offer secure storage for crypto assets, but Metamask has the extra benefit of proactively alerting users to potential risks.

MetaMask

Well known with +30M users

Supports all EVM-based blockchains

Strong open source community

Support For Ledger & Trezor

Visit MetaMask
Coinbase

Nice and clean interface

Support for 1000s of cryptocurrencies

DeFi functionality integrated

Can link to your Coinbase account

Visit Coinbase Wallet
Author
Jack Moreau
Jack is a crypto writer and reviewer who has been active in the space since he caught the crypto bug in 2017. With a passion for trying out new shiny things, Jack is always eager to try the latest cryptocurrency exchanges, wallets or DeFi applications.

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