What’s the Best Metamask Alternative? Upcoming Wallets to Watch

Four Wallets That Could Compete with MetaMask

Below we have outlined some good Metamask alternatives. You can also check out our best crypto wallets guide for even more alternatives.

Exodus

Exodus is a software wallet that’s available for free. It’s connected to the internet, which technically makes it what’s called a hot wallet. The important thing to note about Exodus, is that it’s non-custodial. Meaning that there’s no back-end company that holds it and manages it. The private keys to the wallet belong to the individual users.

Exodus is a great choice if you’re a desktop user. Exodus is available for Mac, Windows, and Linux operating systems. It features a companion app for mobile use on Android and iOS. The desktop application is very simple and easy to use, it’ll have you transferring crypto within minutes. Exodus supports over 130 kinds of cryptocurrencies including Bitcoin, Ethereum, Tether, and Dogecoin. For a full list of what currencies are available, please visit the Exodus website.

The company is also in the process of releasing a Web3 browser wallet that will offer support for multiple cryptocurrencies, which is something even MetaMask doesn’t offer right now. Currently the Exodus Web wallet only offers support for Solana, however.

Overall, Exodus is a good choice if you’re a desktop user and are sticking to the larger cryptocurrencies. One of the downsides to Exodus is the fact that it is a hot storage wallet, which is not as secure as cold storage wallets. Hot storage means that the storage software is connected to the internet where it can be potentially tampered with. This is in comparison to cold storage wallets, which are not connected to the internet.

Coinbase Wallet

Coinbase released a cryptocurrency wallet in 2018 and it is the easiest to get started with. The Coinbase Wallet should not be confused with the storage on the Coinbase exchange. The Coinbase Wallet is a software wallet that is free to download and is non-custodial like Exodus. Coinbase’s wallet is so easy to use because it is fully integrated with the exchange. This makes transferring currencies from the Coinbase exchange to a Coinbase Wallet very simple. You can even buy cryptocurrencies with traditional currency using the wallet.

The Coinbase Wallet supports thousands of cryptocurrencies, so if you’re branching out beyond the big names such as Bitcoin and Ethereum, then you’re all set. It is available on mobile and desktop operating systems, and finally you can also store NFTs with it.

Coinbase Wallet also lets users access Web3 sites like Opensea.io, Sushiswap and Curve directly from the wallet.

Overall, if you’re new to cryptocurrency then the Coinbase Wallet is a very good place to start. It’s self-custodial so you’re not leaving your assets in the hands of an exchange, it stores just about any cryptocurrency you can think of, it’s directly connected to a very beginner friendly exchange, and finally you can store NFTs with it. There isn’t a whole lot the Coinbase Wallet doesn’t do.

Ledger Nano X

The Ledger Nano X is the first hardware wallet on the list. It supports all major 64-bit operating systems which are Windows, Mac, and Linux. It is also mobile-capable using bluetooth tethering. It supports over 1300 kinds of cryptocurrency including the major players like Bitcoin, Etheruem, and Litecoin, and even Monero.

Ledger is also in the process of adding a browser extension so that users can enjoy the security of a hardware wallet while experiencing Web3.

Like many hardware wallets, it offers enhanced security and a solution for cold storage. When it comes to security, the Nano X offers an option that’s tighter than what you can expect from a software wallet. Ledger has developed their own OS for the Nano X called BOLOS, which is proprietary to the company. Before any transaction can go through, the user has to press two buttons simultaneously on the device, authenticating the transaction.

Critics say that the Nano X may not be as secure as advertised, given that the company, Ledger, was hacked in 2020 which has them, justifiably, spooked. However, given that no assets were compromised in the hack, it’s fair to say that the Nano X does its due diligence in the field of securing your assets, but not necessarily your customer information, which is held by Ledger. Then there’s the final criticism of the device, which is the fact that it costs money. There is a cheaper version called the Nano S.

Trezor One

Last on the list is the Trezor One hardware wallet. A successor model to the first hardware wallet in the world, the Trezor One combines state of the art security with a price tag that won’t break the bank, costing between $59-69. The Trezor One has a unique feature: the opportunity to purchase cryptocurrency without registering for an exchange. There aren’t many wallets, hardware or software, that offer this feature. This is done through the device’s internal wallet, where users can exchange traditional currencies for crypto.

The Trezor One supports over 1000 cryptocurrencies, including the major players like Bitcoin and Ethereum. Like the Nano X, users register a password for added security. Transactions must be confirmed by pressing two buttons on the device.

When it comes to drawbacks, the most glaring one is the fact that it does not support iOS. The Trezor One supports Windows, Mac, and Linux operating systems for desktop, but on mobile it only supports Android. There is no mobile iOS support for the Trezor One, so if you’re using an iPhone then this probably isn’t the device for you.

Trezor doesn’t offer any browser extension but it does have a partnership with Exodus so that might be a way for users to experience Web3 with the security of a hardware device.

Otherwise, the Trezor One is an excellent choice if you’re in the market for a cold storage hardware wallet.