MetaMask.io VS MyEtherWallet

Compare MetaMask.io VS MyEtherWallet and see what are their differences

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MetaMask.io

A crypto wallet & gateway to blockchain apps

MyEtherWallet

MyEtherWallet is a free, open-source, client-side interface.

Landing page //
2023-08-01

Landing page //
2023-04-05

MetaMask.io

Website: metamask.io
$ Details

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MyEtherWallet

Website: myetherwallet.com
$ Details

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MetaMask.io features and specs

User-Friendly Interface
MetaMask offers an intuitive and easy-to-navigate interface, making it accessible for both beginners and experienced users.
Multi-Platform Support
MetaMask is available as a browser extension and a mobile app, providing flexibility in accessing your cryptocurrency wallets across different devices.
Wide Range of Integrations
The wallet is compatible with many decentralized applications (dApps), facilitating seamless interactions within the Ethereum ecosystem and other EVM-compatible networks.
Security Features
MetaMask offers robust security features such as end-to-end encryption, hardware wallet integration, and password protection.
Open Source
The software is open source, allowing the community to audit and contribute to its codebase, enhancing transparency and trust.
Custom Gas Fees
Users can manually set gas fees, giving them control over transaction speed and cost, which is particularly useful during network congestion.

Possible disadvantages of MetaMask.io

Centralization Concerns
Although the wallet itself is decentralized, MetaMask is developed and maintained by ConsenSys, a private company, which can raise concerns about centralization.
Security Risks
As a browser extension, MetaMask is susceptible to phishing attacks and malware, requiring users to remain vigilant about the websites they visit.
Limited Customer Support
MetaMask does not offer extensive customer support, often relying on community forums and documentation for troubleshooting, which can be inadequate for complex issues.
Transaction Fees
While users can customize gas fees, transaction costs can still be high during periods of network congestion, particularly on the Ethereum network.
Learning Curve
While the basic interface is user-friendly, new users may still find it challenging to understand complex functions like custom tokens and network settings.

MyEtherWallet features and specs

User Control
MyEtherWallet (MEW) is a non-custodial wallet, meaning users have full control over their private keys and funds, enhancing security and autonomy.
Open Source
Being open-source software, MEW allows users and developers to review its code, enhancing transparency and security.
Compatibility
MEW is compatible with various hardware wallets like Ledger and Trezor, providing additional security options for users.
Wide Range of Tokens
MEW supports a wide variety of Ethereum-based tokens (ERC-20), making it versatile for different types of users and use cases.
Integrated with DeFi
MEW offers integration with decentralized finance (DeFi) platforms, enabling users to easily access various DeFi services.
Web and Mobile Access
MEW offers both a web interface and a mobile app, allowing users to access their wallets conveniently.

Possible disadvantages of MyEtherWallet

User Responsibility
As a non-custodial wallet, users are fully responsible for managing their private keys. Losing keys means losing access to funds, and there is no way for customer service to recover them.
Phishing Risks
Being a popular online wallet, MEW is often targeted by phishing attacks. Users must be cautious to ensure they are using the correct website.
Technical Knowledge
MEW may require a certain level of technical knowledge to fully utilize its features, which could be a barrier for beginners.
Limited Support
MEW has limited customer support compared to custodial wallets, which might be a challenge for users needing immediate assistance.
Security Risks
Since MEW is primarily a web-based wallet, it can be vulnerable to online threats and hacking risks. Users need to implement strong security practices.

MetaMask.io videos

+ Add

MetaMask Tips and Tricks you MUST know (HD repost)

MyEtherWallet videos

+ Add

How Create MyEtherWallet (MEW) Account | Complete Tutorial 2020

Category Popularity

0-100% (relative to MetaMask.io and MyEtherWallet)

MyEtherWallet

Cryptocurrencies

83 83%

Cryptocurrencies

17% 17

Crypto

89 89%

Crypto

11% 11

Cryptocurrency Wallets

77 77%

Cryptocurrency Wallets

23% 23

Cryptocurrency Exchange

100 100%

Cryptocurrency Exchange

0% 0

User comments

Share your experience with using MetaMask.io and MyEtherWallet. For example, how are they different and which one is better?

Reviews

These are some of the external sources and on-site user reviews we've used to compare MetaMask.io and MyEtherWallet

Primarily used as a web browser extension, MetaMask is the gateway to easily access DeFi through any internet browser. Different plugins can be built directly into MetaMask, allowing it to take on a number of roles across different applications.

Source: defirate.com

Top 5 Best Ethereum Wallet [2021] With Highlights & Additional Features

Your private keys have password encryption with Metamask and remain stored on your machine to export whenever you require. Another highlight of this wallet is you don’t have to download a full Ethereum node to use it. With Metamask, you can manage multiple wallets from one place. However, you should know that it’s not as secure as a hardware wallet or a paper one.

Source: www.upgrad.com

9 of the Best Ethereum Wallets [The Ultimate List]

Metamask gives their users a software which doesn’t only allow them to serve Ether and other ERC-20 assets but also allows them to interact with Ethereum Dapps. The best part, they can do it right in their browser. Metamask can be easily installed as a Google Chrome extension or Firefox add-on. The setup is relatively easy to do.

Source: blockgeeks.com

MyEtherWallet Reviews

Top DeFi Wallets

In the earlier days, wallets such as MyEtherWallet dominated the market while providing clunky UI/UX. Fortunately, within the past year, many wallets have upped their game and are creating better interfaces with significantly better user experience.

Source: defirate.com

Social recommendations and mentions

Based on our record, MetaMask.io seems to be a lot more popular than MyEtherWallet. While we know about 632 links to MetaMask.io, we've tracked only 55 mentions of MyEtherWallet. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

MetaMask.io mentions (632)

Onboard Ethereum: A Beginner’s Guide to MetaMask, Testnets, and Your First Wallet
Visit https://metamask.io and install the extension. - Source: dev.to / 9 days ago
Drosera HandBook: The ABC of Traps
Copy the smart contract on vulnerable.sol and paste on remix, connect your wallet in this case I am using Metamask and if your do not have testnet faucet, fund it here. - Source: dev.to / 24 days ago
Exploring Drip Tokens: A Comprehensive Guide to DeFi, Wallets, and Emerging Innovations
Abstract: This post explains the world of Drip tokens in decentralized finance (DeFi). We explore their background, key features, common applications, and related tools such as secure digital wallets and decentralized exchanges. We also compare Drip tokens to other DeFi projects, outline challenges that users might face, and discuss future trends. In this article, we include resources and examples including... - Source: dev.to / 28 days ago
A Comprehensive Guide on How to Buy DRIP Tokens: Navigating DeFi on Binance Smart Chain
MetaMask: A browser-based wallet that is highly configurable and widely used. Learn more about MetaMask. - Source: dev.to / 28 days ago
Using Drosera Traps to Investigate a Vulnerable Smart Contract
Make sure Metamask is connected on remix, and if your wallet does not have faucet, you can fund it using this link. - Source: dev.to / 2 months ago

MyEtherWallet mentions (55)

WELCOME NEWCOMERS!!🎉🎉
Never share your private key/recovery phrase (same thing in different form). I made one exception to this, which was to use myetherwallet.com to generate my private key from the reovery phrase, then use my private key to import my account into metamask. Source: over 2 years ago
MEW v5 sunsetting on October, 4th 2022!
In order to prevent any issues with wallet access after the sunsetting of MEW v5, try out our current version of MEW at https://myetherwallet.com. Source: over 2 years ago
How to find and unstake HEX without Metamask access - is it possible?
If you have the mnemonic seed phrase, you can find out what the corresponding Private Key/Ethereum address is, for example, with myetherwallet.com. However, any Ethereum wallet works for this, Electrum or Exodus are also legit choices and always safer choices than an online wallet provider. Source: over 2 years ago
What is the absolute most secure way to create an Ethereum wallet?
Visit website to create public and private key (like myetherwallet.com). Source: about 3 years ago
Lost 17,000 $ of ETH due to hacked Metamask wallet
Thank you! I just checked that. The account is newly created, it was only connected to myetherwallet.com. Maybe the whole Metamask wallet was compromised so the hacker can access to all the accounts within it. Source: over 3 years ago