MyEtherWallet vs MetaMask: Price, Security & Features (2024) (2024)

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Compare MyEtherWallet vs MetaMask & find out which is the safest option for storing your crypto. Check the expert-gathered crypto wallet data side by side and make an informed decision.

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MyEtherWallet vs MetaMask - Crypto Wallet Comparison Overview

After performing an in-depth analysis of MyEtherWallet vs MetaMask crypto wallets & their features, we have grouped the represented data into 9 different sections to help you process the information easier & quicker. If you want to get a brief understanding of MyEtherWallet vs MetaMask comparison results, take a glance at the short table below.

By comparing MyEtherWallet vs MetaMask overall scores, we clearly see that MyEtherWallet has the higher overall score of 6.7. MetaMask, on the other hand, has scored 6.6 final points.

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Main score based on expert evaluations & real user reviews.

Whether the crypto wallet is hardware, software, desktop or paper type.

For which purpose or for what kind of people is the cryptocurrency wallet best for.

Final crypto wallet evaluation conclusion based on research, expert opinions & user feedback.

	LEDGER NANO X	MYETHERWALLET	METAMASK
Overall Score	9.8	6.7	6.6
Wallet Type	Hardware	Software	Software
Best For	Best for Safely Storing, Sending, and Receiving Different Cryptocurrencies	Best for Storing Your Ethereum and Ethereum-related Coins and Tokens Within	Best for storing Small Amounts of Cryptocurrency
Verdict	One of the best hardware cryptocurrency wallets ever made.	One of the best "in-between" interfaces, as far as Ethereum is concerned.	An attention-worthy hot wallet for Ethereum, but there are better options around.
	Visit site	Visit site Read review	Visit site Read review

MyEtherWallet vs MetaMask Crypto Wallet Comparison Data

Compare MyEtherWallet vs MetaMask side by side by checking this comprehensive cryptocurrency wallet comparison data chart. Measure the most important wallet metrics against each other & see who wins as the better crypto wallet!

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The main advantages of a certain cryptocurrency wallet.

The main disadvantages of a certain cryptocurrency wallet.

Score that represents the ratio of the quality & advantages you get for a certain price.

How easy & intuitive it is to use a certain crypto wallet.

Most popular hand-picked deals & coupons.

Overall level of security & safety of your assests offered by a certain crypto wallet.

Whether the crypto wallet requires two-factor authentication as an extra layer of security when completing an action.

Whether the crypto wallet requires multiple keys to authorize a transaction as an extra layer of security.

Whether the crypto wallet requires a Pin code as an extra layer of security when completing an action.

The general anonimity level of your data.

What kind of methods of recovering your cryptocurrency assets in case you lose your wallet or forget your primary password does the wallet offer.

Who owns your private keys.

The level of control you have on the crypto wallet.

Amount of cyprotcurrencies that are supported in a certain cryptocurrency wallet.

Amount of tokens that are supported in a certain cryptocurrency wallet.

Whether or not the crypto wallet supports the Ethereum token.

Whether or not the cryptocurrency wallet is compatible with other wallets & which.

Whether or not the crypto wallet supports the original BTC addresses that start with "1".

Whether or not the crypto wallet supports newer BTC addresses that came to be due to a soft fork. These addresses start with "3".

Whether or not the crypto wallet supports these specific types of BTC SegWit addresses. These wallet addresses start with "bc1".

Wallet Software

What kind of actions you can carry out via certain cryptocurrency wallet

Whether or not the users can control the transaction fees according to their personal needs.

What kind of additional features does each cyrpto wallet offer.

Is the crypto wallet open source or closed source.

How helpful and responsive is each cryptocurrency wallet's customer support.

What kind of connectivity methods are used for each wallet's management.

Through which mediums can you manage & control your crypto wallet.

Whether or not (and for how long) the crypto wallet offers a time period in which you can return the wallet free of cost.

The lowest cost of each brand's product. These are regular prices without discounts.

What kind of additional fees you may have to pay for extra services.

Whether or not the cryptocurrency wallet accepts payments via bank wire transfer.

Whether or not the cryptocurrency wallet accepts payments via debit or credit card.

Whether or not the cryptocurrency wallet accepts payments via PayPal.

Whether or not the cryptocurrency wallet accepts cryptocurrency payments.

Full legal business name of the cryptocurrency wallet.

The location where the cryptocurrency wallet company is based.

The year when the crypto wallet was established.

	LEDGER NANO X	MYETHERWALLET	METAMASK
Pros	Can be managed from mobile device Very secure Supports more than 5500 cryptocurrencies Comfortable design	A top-rated "in-between" interfaces No fees Open-source Software-type wallet interface Supports all ERC-20 tokens	Open-source Private keys kept on the browser Easy to use Used to access the Ethereum blockchain Integrations with Ledger devices
Cons	Relatively expensive	Not a real cryptocurrency wallet Does not support non-Ethereum altcoins No direct connection with a crypto exchange	A "hot" wallet - security concerns Only supports Ethereum and ERC-20 tokens
Value For Money
Ease of Use
Latest Coupons	Get deal All Ledger Nano X Coupons	See All Coupons of Best Wallets	See All Coupons of Best Wallets
Security
Security Level	\| \| \| \| \| Very Poor Average Excellent	\| \| \| \| \| Very Poor Average Excellent	\| \| \| \| \| Very Poor Average Excellent
2FA Two-factor Authentification
Multi-signature
Pin Code
Anonimity Level	\| \| \| \| \| Very Poor Average Excellent	\| \| \| \| \| Very Poor Average Excellent	\| \| \| \| \| Very Poor Average Excellent
Backup Type	24-word Recovery Phrase or Nano S Plus	12 Words Recovery Phrase	Secret Recovery Phrase
Private Key Owner	You	You	You
Full Wallet Control	\| \| \| \| \| No Partial Yes	\| \| \| \| \| No Partial Yes	\| \| \| \| \| No Partial Yes
Supported Crypto
Number of Supported Crypto	1100+ See Full List	1+ See Full List	6 See Full List
Number of Supported Tokens	5500+ See Full List	500+ See Full List	1000+ See Full List
ERC20 Support
Compatibility With Wallets/Exchanges	MyCelium, Exodus + 48 more	Ledger, Trezor, MetaMask	Ledger, Trezor
Legacy Addresses
SegWit
Bech32
Software Features
Wallet Software	Android App iOS App Windows Software MacOS Software Linux	Android App iOS App Windows Software MacOS Software Web Browser	Chrome Browser Firefox Browser Brave Browser iOS app Android app
Software Functions	Receive Send Store	Store Send Receive	Store Manage Send Receive
Transaction Fee Control
Extra Features	Password Manager	N/A	N/A
Transparency	Open-Source	Open-Source	Open-Source
Customer Support	\| \| \| \| \| Very Poor Average Excellent	\| \| \| \| \| Very Poor Average Excellent	\| \| \| \| \| Very Poor Average Excellent
Connectivity
Wallet Connectivity	Bluetooth USB Wifi	Wifi	Wifi
Wallet Control	Mobile Desktop	Desktop Mobile Hardware	Web Mobile
Pricing
Money Back Guarantee	14 days	N/A	N/A
Base Price	149 EUR	0 USD	0 USD
Service Fees	N/A	Trading 0, Withdrawal N/A	wapping assets entails a service fee of 0.875%
Payment Methods
Wire Transfer
Credit/Debit Card
PayPal
Cryptocurrency
Company’s info
Full Company Name	The Ledger Company	Ethereum	ConsenSys
Based in	Paris, France	Zug, Switzerland	USA
Year of Origin	2014	2015	2016
Check Official Website	Visit site	Visit site Read review	Visit site Read review

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MyEtherWallet vs MetaMask Technical Comparison Results

The Value for Money score is one of the most important factors you should consider, as it can tell you whether the crypto wallet comes with the best quality and price ratio, or if the brand lacks in one of these aspects. While comparing MyEtherWallet vs MetaMask, we can see that MyEtherWallet has a higher Value for Money score compared to MetaMask.

Comparison Summary

The MyEtherWallet vs MetaMask online crypto wallet comparison tool revealed that MyEtherWallet has better features & higher in-depth evaluation scores than MetaMask.

But when comparing these brands to the whole crypto wallet market, Ledger Nano X takes the lead as the best-rated online crypto wallet among its competitors and is a more suited choice for you.

Best User Reviews of Compared Crypto Wallets

E Cruz

5.0/5.0 - Ledger Nano X User

March 11, 2024

Perfect combo

Cold wallets are my favourite due to security they guarantee, but the Ledger nano x more convenient than other alternatives because of the BT connection feature

Bessie Cox

5.0/5.0 - Ledger Nano X User

March 14, 2024

Love this device

This ledger x review is only giving me more reasons to appreciate the company more :D The creators have thought of everything that is security related and users don't have to sacrifice convenience!!

Aidan Moss

4.6/5.0 - MyEtherWallet User

April 28, 2024

Long awaited app

Strange approach for a wallet to be web based tool first and only later launch an app... I have been waiting patiently for the app, took you long enough MEW...

loren7956

4.0/5.0 - MetaMask User

March 27, 2024

not worth it

typical software wallet - very convenient, but not secure enough for me

LEDGER NANO X

LEDGER NANO S PLUS

9.8

9.6

Compare

The Process Behind MyEtherWallet vs MetaMask Comparison

1. We Gather

To make this MyEtherWallet vs MetaMask comparison as accurate and fact-based as possible, we collect all the data from verified sources only. We gather opinions & real-life experiences from real users, as well as measure and test out various aspects ourselves.

2. We Measure

To make sense of the gathered MyEtherWallet vs MetaMask comparison data, our experts analyze & aggregate it using data structuring methods. Whether it’s security aspects or software features, the information is filtered out to remove any untruthful or biased claims.

3. We Score

To make the gathered & measured data more understandable and useful, each aspect is evaluated with a clear score, scale, or a short verdict. In this MyEtherWallet vs MetaMask comparison, our goal is to help you choose the best just by glancing at the charts.

4. You Pick

Our goal is to provide you with the clearest, factual & useful data out there. After we compare MyEtherWallet vs MetaMask head-to-head, it’s up to you to decide which cryptocurrency wallet is the best for your needs. Take your time & choose wisely!

FAQ

Which aspects are the most significant while comparing MyEtherWallet vs MetaMask cryptocurrency wallets?

The first aspect you should give your attention to is the wallet type, as it reveals a lot about the product and its security. Usually, hardware wallets are the most popular for their high level of safety. Another important aspect is the number of supported coins, as some wallets may not be able to hold the cryptocurrency you possess. You should also consider the helpfulness of a brand's customer support & read some general feedback of other customers on how their issues were resolved. And, of course, price & payment methods are important as well, but in the world of crypto wallets, “free” often means a lower security level, so do not shy away from spending a little bit more for the safety of your crypto!

How should I know which crypto wallet is the best for me?

First, you need to consider your experience & knowledge level - decide whether you are a beginner, or an advanced user. Are you looking for a free wallet only, or are you willing to spend a little bit more for the sake of security and extra features? You should also consider how many & which coins you want to hold in one wallet. Our crypto wallet comparisons can help you answer all these questions.

What is the best cryptocurrency wallet type?

While wallets are highly preference-dependent, the most secure options are still going to remain paper and hardware wallets. The two types of cryptocurrency storage are going to allow you to retain the utmost security of your crypto coins - much better than, say, keeping them in an online exchange.

What types of cryptocurrency wallets are there?

In total, there are four big types of cryptocurrency wallets - online, hardware, software (app), and paper ones. Each of these types of wallets have their own features, benefits, and shortcomings, and are thus going to be suitable for different types of people, too. Security-wise, paper wallets are seen as the best alternative, while convenience-wise, software and online ones should be your go-to options.

Are hardware wallets worth investing in?

It depends, but in most cases - yes. If you're just starting out with cryptocurrency trading and investing, a hardware wallet might be a bit of an overkill - it is generally considered that hardware wallets should be purchased once you have a significant amount of crypto, and want to keep it safe. If you're an active trader, that can also dissuade the matter even further - trading-wise, software and online wallets are much more convenient.

What are “hot” and “cold” wallets?

Hot wallets are those crypto storage pieces of software that maintain a constant connection to the internet. As opposed to that, cold wallets are hardware devices that store your cryptos offline. Safety-wise, cold wallets are considered the best option - since they are always offline, you don't need to worry about some sort of a hacker stealing all of your cryptocurrency assets.

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MyEtherWallet vs MetaMask: Price, Security & Features (2024) (2024)

FAQs

Is Mew better than MetaMask? ›

Are cryptocurrency wallets like MyEtherWallet or MetaMask safe to use? Yes, both MyEtherWallet and MetaMask are considered to be safe cryptocurrency wallets. However, as with any type of wallet, it is important to take steps to secure your account and keep your private keys safe.

Read On ›

What is the most secure Ethereum wallet? ›

Best Ethereum Wallets of 2024

Best for Security: Guarda Wallet.
Best for Beginners: Exodus.
Best for Convenience: MetaMask.
Best for a Wide Variety of Assets: Trust Wallet.
Best for Smart Contracts: Myetherwallet (MEW)

Discover More Details ›

Is there anything better than MetaMask? ›

Other important factors to consider when researching alternatives to Metamask include integration and user interface. The best overall Metamask alternative is Zengo Wallet. Other similar apps like Metamask are Coinbase Wallet, OKX, Venly, and Trust Wallet.

What is the difference between MetaMask and mist? ›

MetaMask and Mist Browser are two technologies that have revolutionized the way we interact with the Ethereum blockchain. While MetaMask makes it easy to manage your Ethereum accounts, Mist Browser provides a full-featured web browser that allows seamless interaction with decentralized applications.

See Details ›

Is MetaMask the most secure wallet? ›

Yes. MetaMask is a trusted crypto wallet used by more than 30 million people worldwide, with security features like encryption, Blockaid, and seed phrases. It is, however, a hot wallet, and is best used in combination with a compatible hardware wallet.

Find Out More ›

Can I connect Mew to MetaMask? ›

MEW wallet will connect to most DApps automatically. If not, select MetaMask, Trust, or Browser/web3 wallet to connect.

Tell Me More ›

What is the disadvantage of MetaMask? ›

Disadvantages Of Metamask Unlike the Blockchain that is almost impossible to penetrate, MetaMask leaves some space for hackers to try their hands. Since it is a third-party online wallet, it can be vulnerable to cyber-attacks.

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Which country uses MetaMask most? ›

The MetaMask wallet was downloaded the most in India and the United States, although 2023 data suggests growing popularity in other countries.

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Do people still use MetaMask? ›

MetaMask reported passing 10 million monthly active users in August 2021. MetaMask allows users to self-custody and transact their crypto through a browser extension and a mobile app.

What is MetaMask secret? ›

MetaMask has three different types of secret that are used in different ways to keep your wallet, and your accounts, private and safe: The Secret Recovery Phrase, the password, and private keys. We'll walk you through these secrets one at a time.

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Why is MetaMask so expensive? ›

So why are MetaMask gas fees so high? Simple answer - gas fees are high due to congestion on the Ethereum network. I hope you will use this tutorial and know how to reduce gas fees on MetaMask. Don't forget, that you can also adjust the gas price under the advance option in MetaMask to speed up transactions.

Read The Full Story ›

Which is better phantom or MetaMask? ›

Phantom, which supports only one blockchain, is simpler to use than Metamask, which requires switching between different blockchains. In contrast, MetaMask employs a straightforward, consistent interface for EVM-based blockchains, compatible with a range of browsers including Chrome, Firefox, Brave, Edge, and Opera.

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Which wallet is better MetaMask or Trust? ›

Which mostly preferred? Both Trust Wallet and MetaMask are popular non-custodial wallets with millions of users. However, when it comes to swapping tokens, Trust Wallet is the better option. Trust Wallet supports significantly more cryptocurrencies than MetaMask, including Bitcoin, XRP, Cardano, Solana, and Litecoin.

Get More Info Here ›

Why is MetaMask better? ›

Benefits of Metamask:

Decentralized: No reliance on third parties, enhancing privacy and security. Broad Compatibility: Supports thousands of ERC-20 and ERC-721 tokens across multiple networks. Integrated with dApps: Seamless interaction with decentralized applications without leaving the browser.

Is MetaMask a good Exchange? ›

Is MetaMask safe? Yes. MetaMask is one of the most trusted cryptocurrency wallets for the Ethereum blockchain.