Best MetaMask Alternatives For Your Cryptocurrency Business

If you are looking for the best MetaMask alternative because of the FUD around their very recently updated privacy policy, then you are not alone.

Ever since MetaMask came on board in 2016, it has grown steadily to become the leading non-custodial wallet.

Metamask is a free crypto wallet software that can be used to buy, sell, and trade crypto assets for the Ethereum blockchain. The MetaMask wallet boasts more than 30 million users and it is one of the most popular crypto wallets today.

MetaMask’s users get to be their own bank and take control of their finances in a private and secure way. However, some of these privacy privileges are about to change as a result of MetaMask’s updated privacy policy.

On 23 November, MetaMask revised its privacy policy. As per the new update, details regarding users’ IP addresses as well as their Ethereum [ETH] wallet address would be gathered by Infura. Infura happens to be MetaMask’s default Remote Procedure Call (RPC) provider.

The updated policy was published on the official website of ConsenSys, the parent firm of MetaMask. Several users have since reacted negatively to this update and others are even talking about dropping the Metamask wallet altogether.

Most of the tension about MetaMask’s new privacy policy is not entirely accurate. This tension is based on pure fear, uncertainty and doubt (FUD).

In view of this, we have come up with a list of the best MetaMask alternatives that you can use for your crypto business today. It is worth mentioning that this article is by no means discrediting MetaMask. MetaMask is still a great wallet.

 

Best MetaMask Alternatives For Your Crypto Business

If you are thinking about ditching MetaMask and are on the lookout for a worthy alternative, we’ve researched some web3 wallets just for you. Here are the best alternatives to the MetaMask wallet you can consider for your crypto business today (in no particular order):

• Trust Wallet

• XDEFI Wallet

• BlockWallet

• Zerion

• Coinbase Wallet

1. Trust Wallet

Trust Wallet is one of the leading crypto wallets in web3. With over 25M users, they’ve stood the test of time with agility, security, and credibility. Trust Wallet recently launched its chrome extension to allow users to easily make transactions directly from their browsers.

Trust Wallet supports multiple types of cryptocurrencies and stablecoins such as Litecoin, Ethereum, Bitcoin, TRON, Zelcash, VeChain, Thunder Token, Dash, Callisto, Cosmos, Wanchain, Digitbyte, Harmony, Aeternity, Dai, Algorand, Paxos, Nebulas and more.

Crypto businesses can trade crypto assets, stake specific coins and track charts or prices for cryptocurrencies.

Trust Wallet provides mobile applications for Android and iOS devices, which helps professionals track transaction history, securely store private keys and send, receive or buy and sell NFTs. The platform is available for free and support is extended via FAQs, knowledge base, forums and other online measures.

2. XDEFI Wallet

XDEFI is a crypto wallet that allows you to store, swap, and send crypto and NFTs across 15 blockchains. They equally have a chrome extension for ease of transactions online. They are set to release a UI with enhanced functionalities in December.

XDEFI Wallet is trusted by more than 100,000 Weekly Active Users and has a 5-star rating in the Google Chrome store after 200+ reviews.

XDEFI Wallet is a non-custodial wallet. This means that XDEFI Wallet doesn’t have access to your funds. It never stores your seed phrase, your password or any private information. You are always in full control of your funds and data.

3. BlockWallet

BlockWallet, also known as the privacy-first self-custodial web3 wallet, is an innovative wallet. It has a clean UX, and it is focused on privacy and security.

Users can easily send, receive, and swap tokens using BlockWallet. BlockWallet is optimised for security, and it neither leaks nor spreads your data everywhere on the internet. They have a chrome extension.

BlockWallet conceals your financial information by mixing transfers with BlockWallet’s pool of funds. This ensures that outward transfers remain anonymous. Each additional transfer you make inside increases your privacy. Your IP address is visible even before you connect your wallet. Your wallet address will be exposed once you connect.

You have the option to hide your wealth origins or reveal them. BlockWallet creates a new address with the amount of crypto you need each time you make a withdrawal.

4. Zerion

Zerion is a smart, and social web3 wallet. You can use it to store crypto, explore web3, track your portfolio, and lots more. It has some cool features that will interest you.

The universal non-custodial interface of Zerion allows users to invest, lend, swap, borrow, and more with DeFi. It is a platform that presents a one-stop station where users can build and manage a DeFi portfolio.

Zerion also has integrated protocols like Maker, Uniswap, and Compound. It allows users to lend digital assets, earn interest, trade DeFi tokens, provide liquidity to DEX pools, and borrow stablecoins. The platform is known for its user-friendliness, security, and simplicity.

Zerion does not ask for personal data or KYC, allowing users to access it without hassle. Zerion has several notable features which can only be accessed by users after connecting a personal wallet.

Most operations on the Zerion platform are free. However, the platform charges network trading fees while exchanging cryptocurrencies. The fees vary depending on the trading pair.

5. Coinbase Wallet

This list wouldn’t be complete without mentioning Coinbase Wallet. The Coinbase wallet is one of the most popular cryptocurrency wallets in the world.

One of the reasons why it is very popular is the widespread use of Coinbase Consumer, a decentralized cryptocurrency exchange. Most traders invest in Bitcoin through the Coinbase Consumer exchange. People are more familiar with this online platform than any other crypto exchange service.

Besides being a major crypto exchange, Coinbase also offers wallet services with the Coinbase wallet. The primary function of the Coinbase wallet is to store users’ crypto wealth securely.

Coinbase wallet uses hot storage for cryptocurrency. One of the implications of being a hot wallet is that it is also prone to cyber threats and online crypto hacking. People actively use the wallet to interact with decentralized applications (dApps) in the Bitcoin (BTC) and Ethereum (ETH) ecosystems.

The Coinbase wallet can be easily integrated into dApp browsers, allowing users to create Coinbase accounts on all devices, including Android and iOS mobile platforms.

Coinbase Wallet can be connected to crypto-friendly bank accounts. One of the notable features of the wallet is helping users store digital collectables.

Which Web3 Wallet is the Best Alternative to MetaMask?

Choosing the best MetaMask alternative for your crypto business is entirely dependent on you. Always remember to do your own research (DYOR).

Is there a better web3 wallet than MetaMask? The answer to this question is both yes and no.

There are many web3 wallets that are much better than MetaMask in terms of security, accessibility and useability. Also, there are many web3 wallets that are not as good as MetaMask in terms of useability, flexibility and security.