Bottom line: MetaMask remains one of the most popular non-custodial crypto wallets, specializing in Ethereum-based assets and decentralized applications (dApps). While its security features and Bitcoin exclusion are notable drawbacks, its seamless integration with Web3 ecosystems makes it a top choice for DeFi enthusiasts.
MetaMask Overview
| Key Metrics | Details |
|---|---|
| Type | Browser extension & mobile app |
| Supported Chains | Ethereum, BSC, Polygon, Avalanche, and more |
| Fees | 0.875% swap fee + network gas costs |
| NFT Support | Yes (ERC-721 tokens) |
| Mobile App Rating | 4.6/5 (iOS & Android) |
Why Choose MetaMask?
1. Ethereum and ERC-20 Token Support
- Stores 450,000+ ERC-20 tokens.
- Compatible with Ethereum-based NFTs (via mobile app).
- Manual setup for Binance Smart Chain (BSC), Polygon, and other EVM networks.
👉 Discover how MetaMask compares to other top wallets
2. Decentralized Finance (DeFi) Gateway
- One-click connectivity to dApps like UniSwap, OpenSea, and Lido.
- Portfolio dApp for multi-chain asset management (supports 7+ blockchains).
3. User-Friendly Design
- Intuitive browser extension and mobile app (iOS/Android).
- In-app token swaps with aggregated DEX rates (0.875% fee).
MetaMask Features Deep Dive
Supported Cryptocurrencies
- Primary Assets: ETH, USDT, UNI, SHIB, MATIC, AVAX.
- Exclusions: Bitcoin (BTC) is not supported.
Mobile App Highlights
- Buy crypto with fiat (mobile-only feature).
- NFT management: View/store ERC-721 tokens (limited desktop functionality).
Security Measures
- Non-custodial: Users control private keys.
- Recovery: 12-word seed phrase (no account recovery without it).
- Risks: Vulnerable to phishing scams—never share your seed phrase.
Fees and Costs
- No wallet setup or storage fees.
- Swap fee: 0.875% per transaction.
- Gas fees: Adjustable priority (Low/Aggressive) on Ethereum.
Alternatives to MetaMask
| Wallet | Supported Assets | Key Difference |
|---|---|---|
| Trust Wallet | 4.5M+ assets | Multi-chain native support |
| Coinbase Wallet | 100,000+ assets | Fiat on-ramps |
| ZenGo | 70+ assets | Keyless security |
👉 Explore more wallet options here
FAQs
1. Can I store Bitcoin in MetaMask?
No. MetaMask only supports Ethereum and EVM-compatible networks.
2. Is MetaMask free to use?
Yes, but swaps incur a 0.875% fee + network gas costs.
3. How do I recover a lost MetaMask wallet?
Use your 12-word seed phrase—no other recovery method exists.
4. Does MetaMask support NFTs?
Yes, but only ERC-721 tokens (viewable via mobile app).
5. What chains work with MetaMask?
Ethereum, BSC, Polygon, Avalanche, and more via manual configuration.
Final Verdict
MetaMask excels as a lightweight, DeFi-focused wallet but falls short for Bitcoin users. Its ease of use and dApp integration justify its popularity, though competitors offer broader chain support. Best for Ethereum enthusiasts and Web3 explorers.