If you want a loyal fellow to accompany you all the way on your crypto journey, find a reliable crypto wallet. Blockchain wallets have been present since the inception of Bitcoin and serve a lot of purposes beyond just storing your crypto with zero fees.
Most crypto wallets are decentralized, even if they’re a brand product of a particular exchange. This means that you’ll enjoy full control over your wallet, ensuring proper storage of all “passwords” — private keys and recovery seed phrases.
At the same time, this self-managing approach might empower you to transfer your crypto holdings to another wallet regardless of the motive behind your wallet migration. Maybe you’ve learned about a new crypto storage solution that offers improved functionalities, or you want to upgrade to a more sophisticated “crypto warehouse.” Transferring funds from one wallet to another is very common in the crypto industry as long as both wallets support the blockchain of the coin you own.
What Is Trust Wallet?
Trust Wallet was originally envisioned to serve as a handy mobile app for storing ERC20 tokens. It was released at the end of 2017, with the talented software developer Viktor Radchenko as the creator of the project. However, it soon became a multi-functional management tool for millions of digital assets from over 50 different blockchains.
In less than a year after its launch, the Trust Wallet app was taken over by the global leader Binance making it an official wallet of its native BNB chain, formerly known as Binance Smart Chain (BSC). Apart from BNB tokens, Trust Wallet houses all popular market chains and their product coins and tokens, such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Shiba Inu (SHIB), DOT Polkadot (DOT), and many more ERC20, ERC-721, and BEP20 custom tokens.
In addition to the regular storage capacities, Trust Wallet offers a range of in-app functionalities for a full crypto-trading experience:
- The option to buy crypto with fiat money through external payment providers, such as Simplex, Mercuryo, MoonPay, Wyre, Transak, and Ramp Network.
- Two alternatives for a built-in decentralized exchange (DEX) where you can swap tokens Swap and Exchange in partnership with Kyber Network and web3 browser.
- DApp Browser that grants direct access to popular blockchain-based platforms, including AMM protocols like PancakeSwap and Compound, and NFT outlets like LooksRare.
- Staking selected cryptocurrencies for a lucrative profit.
Is MetaMask a Better Solution for a Blockchain Wallet?
It depends. Both Trust Wallet and Meta Mask are highly valued storage packages in the crypto community, but there are a few key differences that can be instrumental for you.
MetaMask is the top-pick wallet for users that deal with ERC20 tokens. It appeared on the scene in 2016 as the ultimate Ethereum wallet, but over time, MetaMask has also expanded the scope of supported blockchains. Apart from the Ethereum blockchain, the wallet accepts tokens built on Polygon, Avalanche and BNB Chain. Similar to Trust Wallet, MetaMask enables sleek buy-and-sell transactions and gives users direct access to the growing world of decentralized finance (DeFi).
However, MetaMask isn’t a mobile-only wallet — it’s primarily a web browser extension on Chrome and Firefox, compatible with Windows, Linux, and macOS operating systems. You can also use the wallet mobile version by downloading their app on Android and iOS devices.
Apart from the differences in the number of supported blockchains and the access point, these features are crucial for those who consider migrating from Trust Wallet to MetaMask:
- The MetaMask interface has a more user-friendly and neat design;
- You can pair MetaMask with renowned hardware wallets like Trezor and Ledger for added security;
- Compared to Trust Wallet, MetaMask is more versatile and allows customization of the blockchain you want to receive coins from.
How to Connect Trust Wallet to MetaMask
If you believe that this setup suits your trading style much better, let’s see how to painlessly transfer your crypto holdings from Trust Wallet. For starters, we need to set up MetaMask on your desktop or mobile.
For the purpose of this step-by-step tutorial, we’ll use the Chrome extension but you should know that the configuration of the mobile app follows the exactly same pattern.
Installing the MetaMask Blockchain Wallet
- Open a Chrome window and find the MetaMask extension.
- Select Add to Chrome and install the extension.
- Now you can see the MetaMask icon on your right. Click it to open the MetaMask platform.
- When landing on the MetaMask interface for the first time, you’ll have to accept their Terms and Conditions. After that, you’ll see empty fields reserved for a new password. Insert and confirm the password to create a MetaMask account.
- At this point, the system will automatically throw a recovery key, or what we call, a seed phrase. Store it carefully in a safe place. This string of 12 random but meaningful words will be the “supreme password” for restoring your wallet from another device.
- After taking proper care of the recovery phrase, click I’VE COPIED IT SOMEWHERE SAFE.
- The platform will directly divert you to your wallet dashboard. Now, you’re all set to import Trust Wallet and add some tokens on MetaMask.
Importing Trust Wallet
- From your dashboard, navigate to the Import using secret recovery phrases to initiate the transfer of your Trust Wallet.
- Enter the seed phrase of your Trus Wallet in the specified field. If you can’t copy the Trust Wallet recovery phrase from the place of its storage or scan the QR code, you can find it in the wallet itself.
- To do so, go back to Trust Wallet and find Wallets under the Settings tab. The wallet will show you all your existing wallets. Pick the transferring one and click on the blue mark placed right after the wallet. You will see the Show Recovery Phrase button. Your Trust Waller will remind you of all risks associated with exposing your seed phrase.
- Click I understand and copy the phrase.
- Get back to MetaMask, paste the “secret code” and create a strong password for this specific wallet. After this, the import process for your Trust Wallet should be completed.
- Don’t forget to double-check the Trust Wallet address against your MetaMask wallet address. If they aren’t matching, the process is unsuccessful.
A Few Words Before You Go …
MetaMask and Trust Wallet target similar target audiences — eager crypto traders who aren’t afraid to explore the growing DeFi ecosystem with all its newly-discovered trading opportunities, yield farms, and gamified crypto competitions.
This category of users tries to keep its distance from the centralized influence of blockchain technology, which appears in the form of brokerage-like crypto services such as Coinbase, which operate just like any regular e-commerce platform. While these centralized exchanges also offer free space for your newly-acquired coins, they keep your private keys on their online servers. Trust Wallet and MetaMask are non-custodial, yet they’re exceptionally user-friendly. This is their success formula for hitting tens of millions of users each.
However, there are a few plausible reasons to assure you why MetaMask could be a better storage solution than Trust Wallet, including the hardware-wallet support and desktop presentation. Fortunately, you can easily transport your virtual coins based on your current interest in crypto trading and design preference.