Which is a Better Crypto Wallet?

The right choice of cryptocurrency wallet is important to ensure the safe handling of your digital assets. Rabby Wallet and MetaMask are two popular wallets that offer unique features. 

Rabby supports more than 100 EVM-compatible chains, prioritizing safety with pre-transaction risk scanning. MetaMask, on the other hand, offers a user-friendly experience for Ethereum-based tokens and seamless integration with dApps. 

Both wallets support swapping tokens and using a hardware wallet but have different fees, blockchain support, and usability. This comparison of Rabby vs MetaMask will help you decide which wallet best suits your needs.

What is Rabby Wallet?

Rabby Wallet is a free crypto wallet that helps you manage your cryptocurrencies. It works with Ethereum and over 100 other EVM chains. With Rabby Wallet, you can store, send, and receive digital assets. It also lets you connect to decentralized applications (dApps) easily. The wallet automatically selects the right blockchain for each dApp, so you don’t have to switch chains manually.

Rabby Wallet is highly secure. It previews each transaction before you approve it, helping you understand what will happen. The wallet also scans for risks and alerts you to potential problems. For added safety, it supports hardware wallet integration like Ledger and Trezor.

Rabby Wallet offers extra features like token swapping and gas top-ups. Token swapping lets you exchange one cryptocurrency for another directly within the wallet. Gas top-up allows you to buy gas tokens needed for transactions, even if you don’t have any in your wallet. You can use Rabby Wallet on desktop computers and Android devices.

Pros

• Multi-chain support: Compatible with over 100 EVM chains
• Pre-transaction risk scanning: Identifies potential security threats before confirmation
• Hardware wallet integration: Supports devices like Ledger and Trezor
• In-app token swapping: Allows direct exchanges within the wallet
• Automatic chain selection: Simplifies user experience across multiple networks

Cons

• No staking functions: Lacks built-in staking capabilities on EVM-based blockchains
• High gas top-up fees: Minimum deposit of $20 for gas top-up (along with a $4 fee)

What is MetaMask?

MetaMask is another free digital cryptocurrency wallet for Ethereum-based tokens. You can use it as a browser extension or mobile app. It lets you store, send, and receive cryptocurrencies like Ethereum (ETH) and other ERC-20 tokens. MetaMask also connects you to decentralized applications (dApps) on the Ethereum blockchain. 

MetaMask is a self-custody wallet, meaning you control your private keys and data. It supports Ethereum and other networks that work with Ethereum’s Virtual Machine (EVM). MetaMask has several key features. It allows you to swap tokens directly within the wallet, using multiple decentralized exchanges to find the best rates. This service charges a fee of 0.875% per transaction.

You can also buy cryptocurrencies using various payment methods, including credit cards and MoonPay. Additionally, MetaMask supports non-fungible tokens (NFTs), letting you manage and trade these digital assets. MetaMask is open-source software, meaning its code is available for anyone to review. Read our detailed MetaMask review for more info.

Pros

• User-friendly interface: Easy for beginners to navigate
• Supports Ethereum-based tokens: Compatible with all ERC-20 tokens
• Integrated token swapping: Allows in-app cryptocurrency exchanges
• Open-source software: Code is publicly accessible for transparency
• Hardware wallet integration: Compatible with devices like Ledger and Trezor

Cons

• Limited to Ethereum ecosystem: Does not support non-Ethereum coins like Bitcoin
• No desktop application: Available only as a browser extension and mobile app
• Transaction fees: Swaps incur a service fee of 0.875%

Why do people switch from Metamask to Rabby?

People switch from Metamask to Rabby because it offers better features, safety, and ease of use for decentralized finance (DeFi). Rabby works with all DApps that support Metamask, so switching is simple. Rabby focuses on safety by giving warnings when approving tokens. It alerts you about new or suspicious contracts and shows a trust score for contracts. This helps you avoid scams or bad contracts.

It also shows you the results of a transaction before you approve it. This way, you can check the details and avoid mistakes. Managing multiple wallets is easier with Rabby because it has one address book for all your accounts, unlike Metamask. It also warns you and asks for a password if you send money to an unknown address.

Rabby has a great tool to check token approvals. It shows the trust score for a smart contract and lets you manage several tokens at once. It works perfectly with hardware wallets like Ledger and Keystone Pro, making it easy to use without extra steps or problems.

Rabby gives you the best token swap rates by comparing different platforms without adding extra fees. It also automatically detects your tokens and switches networks for DApps without you needing to do anything.

In short, Rabby is safer, easier, and cheaper than Metamask.

Conclusion: Which is better?

In a nutshell, Rabby and MetaMask are two of the most powerful crypto wallets, but they cater to different preferences. Rabby Wallet is a multi-chain wallet that is enhanced with higher safety features and has automatic network selection. MetaMask is geared toward new users or users working more heavily in the Ethereum network with a friendly user interface.

Ultimately, whether to choose Rabby or MetaMask will be dependent upon what matters to you, like security, usability, or compatibility. Both wallets provide great, secure services, but if one needs safety or even saves some costs, then Rabby would better serve than MetaMask.

FAQs

Is there a wallet better than MetaMask?

MetaMask is a popular cryptocurrency wallet, but alternatives like Rabby Wallet have features that differ from the others. Rabby Wallet supports more than 100 EVM-compatible chains, thus being more compatible than others. 

It automatically selects the right blockchain for each dApp, which increases user convenience. Moreover, Rabby emphasizes crypto security by providing pre-transaction risk scanning and integration with hardware wallets.

Who owns the Rabby wallet?

Rabby Wallet is developed by DeBank. It has a team spearheaded by Tang Hongbo, Co-Founder and CEO, and Xu Yong, Founder. DeBank is a company known for its portfolio tracker within DeFi and has expanded its offerings with Rabby Wallet to improve the user experience in managing digital assets across more than one blockchain.

Is Rabby a good wallet?

Rabby Wallet is so far the safest wallet option for multiple blockchains, designed by DeBank. It provides support for over 100 EVM-compatible chains and features auto chain selection, pre-transaction risk scanning, and among others. 

Its open-source nature allows for community scrutiny, which makes it more open and secure. There have been complaints about occasional bugs for some users and does not offer certain features, such as staking functions or fiat purchases.