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MetaMask

MetaMask, developed by ConsenSys, is the world's leading self-custodial wallet and Web3 gateway for Ethereum and EVM-compatible blockchains.[source]

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What you should know about MetaMask

  • Non-Custodial: You have full control over your funds, meaning you—and only you—hold the private keys (via a 12-word Secret Recovery Phrase).
  • EVM Ecosystem Focus: Primarily supports Ethereum and other EVM-compatible blockchains (like Polygon, Arbitrum, Binance Smart Chain, and Avalanche).
  • Gateway to Web3: Acts as the primary bridge to interact with decentralized applications (dApps), DeFi protocols, and NFT marketplaces directly from your browser or mobile app.
  • Security Responsibility: Because there is no customer support to recover lost passwords, protecting your Secret Recovery Phrase from phishing attacks is absolutely critical.

Pros & Cons

Strengths

  • + Industry standard for Web3
  • + Huge dApp ecosystem
  • + Custom RPC support

Weaknesses

  • - No native Bitcoin support
  • - Frequent target for phishing

AI-Verified Data

founded
2016
MetaMask was created by ConsenSys in 2016.
swap fees
0.875%
MetaMask Swaps charges a built-in service fee of 0.875% on every transaction.
supported networks
EVM compatible
Supports Ethereum, Binance Smart Chain, Polygon, Avalanche, and other EVM-compatible networks.
native bitcoin support
No
MetaMask does not natively support Bitcoin; users must bridge assets or use wrapped tokens.
parent company
Consensys
MetaMask is a product developed and maintained by Consensys.
hardware wallet support
Yes
Integrates with Ledger, Trezor, Lattice, and Keystone for enhanced security.

MetaMask Ecosystem

MetaMask Wallet

software wallet

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Why use MetaMask

MetaMask's primary Unique Selling Point (USP) compared to competitors like Trust Wallet or Coinbase Wallet is its unrivaled ecosystem integration as the default Web3 wallet and its extensibility through MetaMask Snaps.

While competitors often provide native multi-chain support out of the box, MetaMask remains the absolute standard for EVM (Ethereum Virtual Machine) chains, ensuring guaranteed compatibility with virtually every decentralized application (dApp). Furthermore, the introduction of MetaMask Snaps allows users to install third-party plugins to add support for non-EVM networks (like Bitcoin or Solana), transaction insights, and enhanced security features, making it the most customizable self-custodial wallet on the market.