Crypto Wallet Alternatives to MetaMask and Trust Wallet

MetaMask and Trust Wallet are the most popular Ethereum-compatible wallets. However, many people are not too happy with them anymore. A prime example is MetaMask sharing your IP information. Many saw this as breaching the idea of decentralization.

So, we are going to look at a couple of crypto wallet alternatives to MetaMask and Trust Wallet. It’s not going to be a guide, but we rather look at positive and negative things we found on these crypto wallets.

Rainbow Wallet

Rainbow Wallet is easy to set up. Be aware that there are two Rainbow Wallets. 

1. Rainbow.me only supports Ethereum.
2. Rainbow.one supports Iris hub, Cosmos hub, and the Binance Chain.

We cover the first Rainbow Wallet. That’s the Ethereum-compatible wallet. For this wallet, you only need an email address and a password. That’s where a great UX (user experience) starts.

On the upside, it’s a fast wallet. Furthermore, it also supports NFTs. It’s easy to set up as well. However, on the downside, it’s only available for mobiles. There’s no desktop or browser extension. Another thing to watch out for is that there’s no password protection. If somebody can access your phone, they can clean out your Rainbow Wallet. They also support only Ethereum tokens. Below is a picture of their mobile screen.

Rabby Wallet

Rabby Wallet offers multi-chain access. Currently, they offer access to 44 chains. This includes all EVM chains. As a result, it gives easy access to loads of DeFi protocols. The wallet detects the chain you’re using. It will now automatically switch to this blockchain. That’s very convenient and user-friendly. 

They also offer a pre-transaction risk scanning feature. In other words, they warn you before you sign for accessing any potential shady sites. You will also see what coin or token transaction you’re about to sign. It shows your balance change. To clarify, this helps avoid that your wallet gets drained.

It’s an open-source code wallet that underwent an audit. For your private keys, they use a MetaMask-like key management feature. You can sign transactions in three different ways. For example:

• Hardware wallets like Ledger or Trezor.
• Mobile wallets like MetaMask or Trust Wallet.
• Or institutional wallets like FireBlocks or Gnosis Safe.

On the downside, if you lose your private keys, you lose access to the wallet. But that’s with every non-custodial wallet. This wallet supports Chrome and Brave browsers. Firefox and Edge versions are in the pipeline. The picture below shows the chains Rabby connects to.

XDEFI Wallet

The XDEFI Wallet is a non-custodial and multi-chain wallet. Currently, they support 16 chains, both EVM and non-EVM. This is the Ethereum Virtual Machine. For instance, this is a great option for storing your NFTs. The wallet shows you a gallery view of your NFTs. 

XDEFI also offers a swap function and bridging options to other chains. They offer over 10,000 crypt assets to swap. That’s 25 times more than Binance offers.  It’s a non-custodial wallet, but it’s not open-source. However, it’s one of the few multi-chain wallets that supports Solana. THORChain is also integrated in this wallet. 

The wallet supports five browsers, but doesn’t offer mobile support. On the other hand, Ledger support and staking options are available. One of its backers is CoinGecko.

Frame Wallet

The Frame Wallet is privacy focused. It only offers a desktop option and no mobile app. This wallet is open-source and has an active GitHub account. It is EVM compatible. 

For beginners in crypto, this may not be the right wallet to start with. However, pros will enjoy all the options this wallet offers. For example, the wallet offers:

• Transaction security checks.
• An NFT display.
• Frame canary. This is a new feature that makes the user experience easier. Simply put, dApps can route any request to all available chains, thus, picking the best option. It also allows you to be on more than one EVM chain at the same time. Now you can create simultaneous transactions on different chains.

Conclusion 

We showed you some alternatives to crypto wallet options. Because, not everyone wants to use MetaMask or Trust Wallet. These are all non-custodial crypto wallets. As a result, you have control over your digital assets. There’s no middleman involved. Now it’s up to you to find the wallet that suits you best.

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