In today’s era, it’s not only about holding digital assets or cryptocurrencies but also keeping them safe from hacking and other cyber threats. Crypto wallets help you keep your wallet safe by storing private and public keys in an encrypted form. They work as a connecting bridge between users and digital assets with complete reliability, security, and anonymity. Wallets enable users to connect with a decentralized world and explore the full potential of blockchain or decentralized applications (dApps).
A crypto wallet is basically a designed software that enables the transfer and receiving of currencies and digital assets from one user to another using encrypted addresses and keys. These wallets consist of a wallet address, private key, and public key. These features work all together for a successful and secure transaction.
These wallets can be listed as apps on your mobile phone or laptop or can work as browser extensions as well. Unlike your bank account number, this data exists in random digits and letters format.
The MetaMask wallet works as a bridge between the user and the Ethereum network. It’s a browser extension that can be installed on any web browser like Mozilla, Chrome, etc. It is a self-custodial wallet that also enables user-dApp interaction and facilitates trading of Ethereum-based tokens.
Disadvantages of MetaMask
Coinbase is an online crypto wallet that helps users store, receive, and send cryptocurrencies like Ethereum, Bitcoin, Dogecoin, etc. Due to its multi-layer security, users don’t have to worry about any cyber-attacks or hacking. It integrates with dApps, enabling users to connect with DeFi to trade, borrow, and lend assets.
Seed phrase backup, two-factor authentication, and multi-sig support make it a more secure and reliable choice among other wallets. It can be accessed on multiple devices such as PCs, laptops, mobile phones, tablets, etc. These wallets provide a user-friendly ecosystem, making it easy to send, store, and receive digital assets.
Advantages of Coinbase
Drawbacks of Coinbase
Difference Between Metamask and Coinbase Wallet (Source: Ebutemetaverse)
Conclusion
MetaMask and Coinbase have their own individual functionalities. They both have their own advantages and disadvantages. The features lacking in MetaMask are fulfilled by Coinbase and vice versa. An individual’s needs and preferences decide which platform to use. Hence, the choice between both platforms depends on the desired features and necessities of a user.
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