MetaMask

Software wallet VERIFIED 7.3

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MetaMask is less a wallet in the Coinbase/Exodus sense and more the connective tissue for the Ethereum ecosystem — nearly every DeFi protocol and NFT marketplace expects you to connect via MetaMask. It's a hot wallet by default, and its ubiquity makes it a frequent target for phishing sites impersonating real dApps.

Fees

Wallet usage	Free
Built-in swap	0.875% fee
Network gas fees	Set by the network, not MetaMask

Security

MetaMask itself is open-source and doesn't custody funds — but as a browser extension holding a hot-wallet seed, it inherits browser-level risks and is the most impersonated wallet in phishing attacks. Pairing it with a Ledger or Trezor for actual signing removes most of that exposure while keeping the dApp compatibility.

Pros and cons

Pros

The most widely supported wallet for Ethereum dApps
Open-source
Can pair with hardware wallets for signing

Cons

Browser extension is a common phishing target
Ethereum/EVM-focused — not built for Bitcoin
Seed phrase management is entirely the user's responsibility

Verdict

The default wallet for interacting with Ethereum and most EVM-compatible apps. Excellent for DeFi and NFTs; the browser-extension model brings its own phishing risks.

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