Introduction: Are you searching for the perfect crypto wallet to access the quickly expanding DeFi landscape? Look no further than Xdefi and MetaMask, two of the most trustworthy non-custodial wallets on the market. To help you choose the best wallet for your needs, we've compared these two wallets across a range of features, from user experience to supported platforms. Keep reading and discover which wallet best suits your needs!
While it's not yet available as an app, XDEFI has already amassed over 200,000 downloads, with a 4.8 star rating and over 200 positive reviews. The company currently employs 30 people and is set to launch its app in 2023.
With a 4.4 star rating and over 200,000 reviews on the Google Play Store, MetaMask is widely regarded as a reliable and secure wallet. MetaMask is also available as a browser extension, with over 10 million downloads and a weak 3.2 star rating based on 3,000 reviews.
Xdefi vs MetaMask: User Experience
Xdefi is a modern and feature-rich wallet that boasts a sleek and user-friendly design. It offers a range of features, including support for multiple cryptocurrencies, integrations with DEXes such as Thorchain, and compatibility with Chrome and Brave browsers.
Xdefi is a non-custodial wallet, meaning that users retain full control of their assets at all times. Xdefi is currently only available as a browser extension available for Chrome, Brave, Opera, Coc Coc and Edge. The Xdefi app should be available for Android and IOS by the end of 2023.
One of the standout features of Xdefi is its support for 17 blockchains, including Bitcoin, Ethereum, Binance Smart Chain, and Polkadot.
This means that users can easily manage their digital assets across different blockchains from a single wallet. Xdefi also supports NFTs and has in-app DEX integrations which allows users to easily swap between different cryptocurrencies.
MetaMask on the other hand offers a basic but reliable user experience. It's non-custodial browser wallet comes with support for popular browsers such as Chrome, Firefox, Brave, Edge, and Opera.
One of the key features of MetaMask is its in-app swaps supported by DeFi exchanges like Uniswap and Sushiswap. MetaMask charges a 0.875% swap fee for each transaction that occurs in its wallet.
MetaMask has also offers third-party integrations with popular services like PayPal and Koinly that allows users to buy crypto with fiat and manage their taxes. Users can choose to buy crypto with card or by depositing funds via SEPA.
Xdefi vs MetaMask: Product Features
Both Xdefi wallet and MetaMask offer a range of features for users but with some notable differences in terms of integrations and fees.
Xdefi provides users with an in-app DEX that is natively integrated with Thorchain. Xdefi offers zero fees on swaps under $300 and 0.3-0.5% on swap fees above that. Users can also buy crypto with fiat as Xdefi has integrated with Ramp Network.
Xdefi also supports NFTs for 17 different blockchains, including Ethereum, Solana, Avalanche, and Polygon. When it comes to staking, Xdefi currently only supports staking for its native XDEFI token.
MetaMask, on the other hand offers swaps via Uniswap, Sushiswap, and 1inch, with a significantly higher 0.875% swap fee. MetaMask supports NFT tokens for EVM-compatible blockchains like Ethereum and Polygon and has recently also introduced staking services in the wallet.
Similar to Xdefi, MetaMask users can also buy crypto with fiat currencies either buy buying with a credit/debit card or by depositing funds via bank transfer.
Xdefi offers a wide range of coins to choose from with support for over 10,000 cryptocurrencies. This also includes a wide range of popular stablecoins like USDC, USDT, and BUSD that are available across multiple blockchains like Ethereum, Polygon, Solana, and Avalanche. In total, Xdefi supports 17 blockchains, including Bitcoin, Ethereum, Solana, and Avalanche.
MetaMask, on the other hand, is a wallet that is focused on Ethereum, providing users with access to over 1,000 cryptocurrencies, including popular stablecoins like DAI, USDC, and USDT. It supports EVM-based blockchains such as Ethereum, Avalanche, BSC, and Evmos.
Xdefi vs MetaMask: Security
When it comes to choosing a cryptocurrency wallet, security should be a top priority.
Xdefi is a non-custodial wallet that has been audited by Kudelski Security and offers bug bounties of up to $50,000.
Although it is not open source, it has anti-phishing technology to protect users from scams. Additionally, Xdefi comes with Ledger wallet support which adds another layer of security for users who already have hardware wallets.
MetaMask on the other hand is fully open source and has been audited by Least Authority. Their bug bounty program is run through HackerOne and MetaMask offers support for five hardware wallets, including Ledger, Trezor, Airgap, Keystone, and Lattice.
Xdefi vs MetaMask: Conclusion
In the rapidly evolving landscape of cryptocurrency wallets, both MetaMask and XDEFI have established strong footprints, albeit with distinct offerings.
MetaMask with its long-standing reputation and vast 30 million strong user base is the go-to wallet for individuals deeply rooted in the Ethereum ecosystem.
Its straightforward approach with a basic interface and a strong open source community make it appealing to those seeking reliability and a wallet with a proven track record.
The wallet's integrations, particularly with popular DeFi platforms, further cement its place as a preferred option for Ethereum enthusiasts.
XDEFI, although newer to the scene, impresses with its modern interface and support for an extensive array of over 17 blockchains.
For users who dabble across multiple blockchain platforms, from Bitcoin to Avalanche to Ethereu, XDEFI emerges as an incredibly versatile wallet.
Furthermore, its cost-efficient fee structure allows for swaps that are 3 times cheaper than on MetaMask.
Security-wise, both wallets prioritize user safety, but they do so differently. MetaMask, being open-source, offers transparency, whereas XDEFI leans into reputable audits.
In conclusion, while MetaMask stands as a bastion for Ethereum loyalists and those who prioritise tried-and-tested reliability, XDEFI carves a niche for itself among users desiring a comprehensive multi-blockchain experience coupled with a modern interface.
The choice between the two hinges not on a universal "better" option but rather on where individual user priorities lie.
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.