Metamask and Phantom are two of the most popular internet tool extension wallets in the crypto space.
If you’re confused about which you should use between them, you’re not alone.
So, let’s compare the two wallets to help you decide which is better for you.
We compare the major features of the two and come to a conclusion on which is better.
They’re unlike the conventional hot or cold wallets we know that have multichain support.
With that in mind, let us examine how Metamask differs from Phantom.
Metamaskis primarily a web client extension wallet built to interact with the Ethereum blockchain.
you might use it to buy, sell, swap, send, receive, and store Ethereum-based tokens.
Phantom was created primarily for use on Solana and only supports Solana-based tokens.
It has a simple user interface that even complete newbies can use to interact with the Solana blockchain.
This is normal, as few internet tool extension wallets work with more than one blockchain.
This makes Metamask a better wallet in terms of supported blockchains.
The Ethereum internet is notorious forcharging outrageous gas feesthat are sometimes even higher thanBitcoin’s transaction fees.
BSC charges lower fees than Ethereum, but the fees are still higher than what Solana charges.
This is because more crypto users are enlightened about the need to use hardware wallets.
Comparing Metamask and Phantom in this aspect, we see that Metamask offers more options.
The options include the wallet balance, collectibles, swap, recent activity, and parameters.
For Metamask, you must press a dropdown after choosing your blockchain of choice to see other available options.
This can be confusing, especially for non-tech persons using the wallet for the first time.
In terms of ease of use, Phantom beats Metamask.
Metamask vs. Phantom: Security
Security is the most critical consideration in choosing a wallet.
This is because the crypto space is ridden with bad actors seeking to steal your hard-earned money.
Both wallets take security seriously and respect users' privacy.
This is evident as no personal information is required to create the wallets.
This is also useful in case of a hack.
you could quickly change the password and take back control after restoring the wallet on another machine.
There is a slight difference between the two, though.
Metamask has a mechanism that ensures you have safely copied and saved the 12-word recovery keyphrase.
You must re-enter the words in the proper order to finish creating your wallet.
While both wallets are similar in security features, this tiny detail puts Metamask ahead of Phantom.
Metamask vs. Phantom: Verdict
So, which wallet is best for you?
This depends largely on your blockchain of choice.
It is more secure and supports more hardware walletsfurthermore, its supports two major blockchains.
If fees are your priority and nothing else, Phantom will do the job.
