Electrum vs. Metamask - page 2. | Bitcointalksearch.org

SquirrelJulietGarden

hero member

Activity: 1442

Merit: 775

Quote from: btcb3g1nn3r on November 03, 2021, 02:39:08 AM

As the title says, pro's and con's for the two wallets? I know that Electrum it was recommended as the best wallet when I entered the crypto world (yet, I still keep my shitcoins in Binance

) but why Metamask would have a better rating from other's opinion?

The best wallet depends on your needs so it is not accurate to say either Electrum or Metamask is the best wallet in crypto.

https://www.lopp.net/bitcoin-information/recommended-wallets.html

Quote

Recommended Wallets:
Hardware: Coldcard
Desktop: Electrum
Android: Samourai Wallet
iPhone: Blockstream Green
Web: BitGo
Extreme Privacy: Wasabi
Extreme Security: Casa

Just about Bitcoin wallet, not multiple coins, you see Lopp recommended different wallets for different use case and priority.

It is same for multiple-coin or multiple-chain wallets.

Antonopoulos talked about it too How do I choose a wallet?

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Quote from: btcb3g1nn3r on November 03, 2021, 02:39:08 AM

....My goal is to buy some shitcoins that are not listed in Binance and Metamask was given as the tool for buying these...

Metamask will be a really good wallet for buying not only shitcoins. Metamask, in addition to the Ethereum network, also supports a lot of other blockchains, but you won't be able to store bitcoin on it. To store bitcoins, you need to use Electrum, which is really one of the best, designed for storing BTC, but you will not be able to store shitcoins there.

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

Quote from: btcb3g1nn3r on November 03, 2021, 02:39:08 AM

As the title says, pro's and con's for the two wallets? I know that Electrum it was recommended as the best wallet when I entered the crypto world (yet, I still keep my shitcoins in Binance

) but why Metamask would have a better rating from other's opinion?

Electrum can be a very good non-custodial desktop crypto wallet for Bitcoin, but only if you fully understand all its advantages and disadvantages. Users most often lost their BTC for several reasons and therefore should be very careful with the following.

- do not use the search engine in the browser without an ad blocker, it is likely that the results at the top will be links to fake Electrum sites.
- always check the files before installing the wallet by verifying them.
- always take care to protect yourself from clipboard malware that can change your BTC address, which will lead to the loss of your coins.
- never store your seed online or as a plain text document on a computer/smartphone.

Electrum is a good crypto wallet, but it is not resistant to human stupidity, respect all the above and it will serve well as a hot wallet.

As for MetaMask, I've never needed to use it, but as with Electrum, you need to be especially careful when it comes to phishing - over the years I've read a lot of stories about how users lost their tokens because they downloaded a fake extension - which is one of the reasons why I would never use that wallet, it just has no place in the browser.

Jawhead999

legendary

Activity: 1708

Merit: 1187

Quote from: btcb3g1nn3r on November 03, 2021, 02:39:08 AM

but why Metamask would have a better rating from other's opinion?

Because many people want a free multi-coin wallet and doesn't care with the term be your own bank. That's why electrum and other non-custodial wallet are underrated, even your comparison isn't fair.

Quote from: btcb3g1nn3r on November 03, 2021, 02:39:08 AM

My goal is to buy some shitcoins that are not listed in Binance and Metamask was given as the tool for buying these...

Metamask listed all ERC-20 token and other networks too (e.g. BSC) but you're looking for shitcoins that Metamask doesn't support? It's very likely you choose a new shitcoins that has run own his chain, which is very few shitcoins has it.

xenon131

hero member

Activity: 491

Merit: 1259

Nihil impunitum

Quote from: ?? on ??

What a strange comparison: Electrum vs. Metamask. Huh

Electrum is a Bitcoin wallet, Metamask is altcoin\token wallet. Keeping any funds on the exchange is a very bad idea, unless you use them in trading. And if you just have them in storage, then I recommend transferring them to a wallet, Metamask is perfect for these purposes, and even better Metamask in conjunction with a cold wallet, for example, Ledger will be the best solution.

Electrum seems to be funny.

joker_josue

legendary

Activity: 1722

Merit: 4711

**In BTC since 2013**

Quote from: cryptoaddictchie on November 03, 2021, 03:29:36 AM

Then good for you mate. Binance have a crypto card but I'm not sure if those can be used already, but I saw some clips on the Internet that it can be used for payment on partners or establishment accept crypto.

Binance card, works great. I've used it in several situations and everything went well.
Now, it depends on the country where you use it. Not all countries have access to the Binance card or all the services provided by it.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Quote from: btcb3g1nn3r on November 03, 2021, 03:09:43 AM

Thanks for explanation.
Yes, I keep stuff on exchange as I am doing daily trading (my goal is to use crypto card for online purchases and to withdraw to bank if I need to buy high value assets, KYC is not an issue for me).

It's justifiable to leave funds on exchanges if you actually actively trade. But as always, if you have long-term holdings, go get a Trezor or Ledger hardware wallet. Always remember that exchanges are a very hot target for hackers, and get hacked all the time: https://cryptosec.info/exchange-hacks

ice18

hero member

Activity: 2492

Merit: 542

What shitcoin you are referring to that you are holding in Binance? Most coins/tokens listed in Binance is top volume and not shitcoin even Doge or Shib, I cant consider it as shitcoins now because they can use it as payment to some merchants just like Bitcoin, BTW, in my simple explanation Electrum wallet is for bitcoin only and Metamask is a web3 wallet for interacting in eth dapps and other compatibles chains like BSC, Polygon, AVAx, etc., you cannot use metamask in bitcoin or if you want to you can first wrapped btc to eth or other network.

cryptoaddictchie

legendary

Activity: 2240

Merit: 1375

Fully Regulated Crypto Casino

Quote from: btcb3g1nn3r on November 03, 2021, 03:09:43 AM

Thanks for explanation.
Yes, I keep stuff on exchange as I am doing daily trading (my goal is to use crypto card for online purchases and to withdraw to bank if I need to buy high value assets, KYC is not an issue for me).

Then good for you mate. Binance have a crypto card but I'm not sure if those can be used already, but I saw some clips on the Internet that it can be used for payment on partners or establishment accept crypto.

What you mean high value asset? Are you referring to gold or House and lot?

btcb3g1nn3r

member

Activity: 178

Merit: 32

Thanks for explanation.
Yes, I keep stuff on exchange as I am doing daily trading (my goal is to use crypto card for online purchases and to withdraw to bank if I need to buy high value assets, KYC is not an issue for me).

btcb3g1nn3r

member

Activity: 178

Merit: 32

hi,

As the title says, pro's and con's for the two wallets? I know that Electrum it was recommended as the best wallet when I entered the crypto world (yet, I still keep my shitcoins in Binance

) but why Metamask would have a better rating from other's opinion?

My goal is to buy some shitcoins that are not listed in Binance and Metamask was given as the tool for buying these...

thanks

Topic: Electrum vs. Metamask - page 2. (Read 342 times)