Introduction
When choosing an Ethereum wallet, MyEtherWallet (MEW) and MetaMask stand out as popular options. This comparison covers their price structures, security features, supported assets, and ease of use to help you decide which fits your needs.
Key Features Compared
Pros
MyEtherWallet
- ✅ User-friendly design
- ✅ Robust security protocols
- ✅ Supports thousands of digital assets
- ✅ Platform/wallet compatibility (Ledger, Trezor, MetaMask)
- ✅ Open-source and non-custodial
MetaMask
- ✅ Top-rated browser extension
- ✅ No fees for basic transactions
- ✅ Supports all ERC-20 tokens
- ✅ Integrates with Ledger/Trezor hardware wallets
- ✅ Easy access to Ethereum blockchain
Cons
MyEtherWallet
- ❌ No wireless charging (for hardware integrations)
- ❌ Limited support for non-Ethereum altcoins
- ❌ No direct exchange connectivity
MetaMask
- ❌ Hot wallet (online storage raises security concerns)
- ❌ Only supports Ethereum/ERC-20 tokens
Security Comparison
| Feature | MyEtherWallet | MetaMask |
|-----------------------|---------------------|---------------------|
| 2FA | Yes | No |
| Private Keys | User-controlled | Browser-stored |
| Backup Method | 12–24-word phrase | 12-word phrase |
👉 Tip: For enhanced security, pair either wallet with a hardware device like Ledger.
Supported Cryptocurrencies
| Metric | MyEtherWallet | MetaMask |
|-----------------------|---------------------|---------------------|
| Coins | 100+ | 1 (Ethereum) |
| Tokens | 500+ ERC-20 | 400+ ERC-20 |
Pricing & Fees
- MyEtherWallet: Free (charges apply for exchange services).
- MetaMask: No base fee; 0.875% swap fee.
FAQs
1. Which is more secure?
MyEtherWallet offers 2FA and hardware compatibility, while MetaMask relies on browser encryption. For maximum safety, use a cold wallet.
2. Can I use both wallets simultaneously?
Yes! MetaMask excels for dApp interactions, while MEW is ideal for asset management.
3. Are there hidden costs?
MetaMask charges swap fees; MEW may impose exchange margins. Always check rates.
Final Verdict
Choose MetaMask for dApp integration or MyEtherWallet for broader asset support. For top-tier security, explore hardware options.
Keyword Targets: Ethereum wallets, MyEtherWallet vs MetaMask, ERC-20 tokens, crypto security, hot vs cold wallets.