However, MetaMask is free to use. Like other crypto wallets, the only fee it takes is when you transact assets to another wallet. This includes the blockchain network fee. By default, MetaMask Wallet Extension is only compatible with the Ethereum network. This makes it best for storing the ERC-20 tokens, like Tether, Shiba Inu, and Decentraland. That said, Metamask also supports the Arbitrum network coins. Also, it supports crypto coins on the Binance Smart Chain, Optimism, Avalanche, and Polygon networks.
Being a Web3 wallet, Phantom does not keep its user's private keys and provides users full custody of their cryptocurrency and wallet. Phantom Wallet extension is the fastest-growing virtual currency wallet, with over two million registered users after six months of release.