6 Alternatives to Metamask in 2024

Metamask is undoubtedly the most popular wallet of Ethereum . But either because of its lack of features or its often poor customer service, you may want to switch to wallet.

In this post I will show you the best alternatives to Metamask highlighting something distinctive of each wallet so you can decide what you are looking for. Also, if you need cold wallets, I will also show you the 3 best ones for you to decide.

Top 3 Hot Wallets

Trust Wallet

The first point of this wallet is the interface. It truly presents one of the most intuitive UIs on the market.

Another strength is the wallet's extensive compatibility. Trust Wallet supports more than 70 blockchains and over 9 million assets, allowing users to manage a wide range of cryptocurrencies from a single platform.

In terms of security, Trust Wallet is open source and does not store private keys on centralized servers, giving users full control over their assets. The decentralized nature of wallet means that users are solely responsible for their private keys.

One drawback reported by users is gas tariffs, especially on the Ethereum network. Tariffs can be high and affect the overall cost of transactions. Although wallet allows adjustment of network tariffs, costs can still be prohibitive for some users.

Finally, for in-app purchases, Trust Wallet charges an additional 1% fee on top of third-party exchange fees unless the user holds a minimum of 100 native Trust Wallet tokens (TWT).

• Distinctive: Popular for its unrestricted access to Web3 and DeFi, offering great ease of use.
• Positive: Extensive support for cryptocurrencies and easy to use without KYC.
• Negative: The shopping system at wallet is a bit cumbersome.

MyEtherWallet (MEW)

MyEtherWallet (MEW) is also open source and is one of the oldest and most trusted Ethereum wallets, known for its flexibility and digital asset management capabilities.

In addition to its ease of use, MEW offers high compatibility with physical devices such as Ledger and Trezor, which adds an additional layer of security by allowing cryptocurrency management without the need for continuous internet access.

MEW also allows the creation of papper wallets and offers several ways to access wallets, including private keys, keystore files and mnemonic phrases. The ability to interface with smart contracts and the ability to use proof-of-stake networks from Ethereum such as Ropsten are additional functionalities that developers find valuable.

Despite its many advantages, some users have noted that the interface can be complicated for those with no prior cryptocurrency experience. Concerns about high transaction and gas fees have also been mentioned from Ethereum, which may be a limiting factor for some users.

• Distinctive: MyEtherWallet stands out as one of the first and most trusted wallets on Ethereum, offering a wide range of functionalities and constant updates that keep it relevant and secure.
• Positive: It is a very long-standing wallet with high reliability in the market.
• Negative: It does not support altcoins outside of Ethereum and only supports Optimism and Polygon as L2.

Exodus Wallet

However, Exodus is a self-custodied wallet , which allows users to have full control over private keys. Many value this feature because it offers an extra level of security and privacy.

One problem with Exodus is the lack of clarity on exchange fees. Some users have mentioned that fees for making exchanges within the wallet can be unexpectedly high and are not always clearly disclosed prior to the transaction. This has led to financial losses for some and questions about Exodus' transparency.

As for customer support, although it is touted as being available 24 hours a day, it does not always deliver on that promise. While some users have praised the speed and efficiency of the service, others have had frustrating experiences with slow responses or ineffective solutions.

• Distinctive: Recognized for its intuitive user interface that simplifies the management of multiple cryptographic assets.
• Positive: Offers on-ramping service to purchase assets with credit or debit card.
• Negative: When trading, the price declared by wallet and the price actually charged differ a lot most of the time.

Top 3 Cold Wallets

Ledger Nano X

One of the main advantages of Ledger Wallet is its robust security. Ledger devices, such as the Ledger Nano S and Ledger Nano X, use smart card technology to provide an optimal level of asset protection.

Many users also emphasize the ease of use of the Ledger devices. Despite their high security, the devices are relatively simple to set up and use.

A recurring aspect of negative feedback is frustration with customer service. Some users report that support can be slow to respond and, in some cases, the solutions provided are not effective.

Another negative point is the handling of swap transactions. Some users have reported problems with swap rates, describing situations where the initial rates quoted were significantly lower than those ultimately charged, resulting in financial losses.

• Distinctive: Known for being one of the most secure wallets thanks to its offline storage and support for a wide range of cryptocurrencies.
• Positive: It supports basically all networks and is the most widespread on the market.
• Negative: Difference in the swap.

Trezor Wallet Model T

Developed by Satoshi Labs in the Czech Republic, the Trezor Model T was launched in 2018 and has been acclaimed for its user-friendly interface and robust security. The wallet offers a color touch screen for easy navigation and asset management.

This device can be securely connected to an infected computer without risk of compromising the security of stored funds. In addition, the Trezor Model T can be integrated with third-party applications to manage NFTs transactions, as it does not currently support these transactions directly in its Trezor Suite application.

The Trezor Model T can also be used as a password manager and an additional layer of security in two-factor authentication (2FA), providing added protection against unauthorized access. The microSD card functionality offers an additional layer of security, allowing the device to only unlock if a recognized card is inserted.

Although the Trezor Model T does not have a mobile app and must be used connected to a computer or Android phone, the Trezor Suite ensures a smooth and secure user experience.

Despite its many advantages, the high cost of the Trezor Model T may be a deterrent for some users. With a price tag of approximately $280 USD, it is significantly more expensive than its predecessor, the Trezor One, and other competitors. In addition, the addition of new coin holders can be slow, which can be frustrating for users looking to manage a wider variety of cryptocurrencies within the same platform.

• Distinctive: The Trezor Model T stands out for its superior safety and the inclusion of a color touch screen that significantly enhances the user experience.
• Positive: Offers robust integration with a wide range of cryptocurrencies and a user-friendly interface through Trezor Suite, plus advanced features such as 2FA support and password management.
• Negative: Its cost is the highest of the 3 but it also only supports Polygon as L2.

SafePal S1

SafePal S1 is an innovative cryptocurrency wallet that combines convenience and security by offering both hot and cold storage solution. SafePal is backed by Binance Labs, which adds an additional level of credibility and trust.

SafePal S1 stands out as a "3-in-1" cryptocurrency storage solution, providing a mobile app, browser extension and hardware wallet. This unique feature allows users to choose the storage mode that best suits their needs, without sacrificing security.

In terms of security, SafePal S1 implements advanced features such as EAL5+ certification and a self-destruct mechanism. The EAL5+ certification ensures that the wallet has passed rigorous penetration testing procedures, while the self-destruct mechanism protects private keys in case of tampering attempts. In addition, SafePal does not store users' private keys, ensuring that only the owner has access to them.

The SafePal S1 hardware device is compact, with a display and button panel that enables easy and secure navigation. Users can perform transactions, browse DeFi and dApps, and store NFTs without the need for internet connection, Bluetooth or NFC, which significantly enhances the device's security. In addition, SafePal S1 does not require the input of personal information (KYC), offering a high level of anonymity.

In terms of functionality, SafePal supports over 54 blockchains and thousands of coins and tokens, allowing users to manage a wide variety of assets from a single platform. It also offers the option to purchase cryptocurrencies with a credit or debit card and conduct Spot exchanges and trading directly from the wallet.

Despite its numerous advantages, some users have expressed doubts about the device's security due to its competitive $49.99 price. Although this price is considerably lower than other popular hardware wallets, SafePal S1 maintains a high standard of security, similar to its more expensive competitors.

• Distinctive: SafePal S1 stands out for its versatility as a "3-in-1" storage solution, which includes a mobile application, a browser extension and a hardware wallet.
• Positive: It implements advanced security features such as EAL5+ certification and a self-destruct mechanism, and supports a wide range of cryptocurrencies and tokens.
• Negative: Despite its robust security, some users doubt its reliability due to its significantly lower price compared to other hardware wallets.

Solana has been one of the fastest growing blockchain in percentage terms, maybe you should take a look at which are the best Solana wallets.