Phantom vs MetaMask
Phantom is cheaper: a $1,000 buy-and-sell costs $15.30 in platform fees vs $17.50 on MetaMask. Pick Phantom if you are solana-first users who want one self-custodial app for swaps, cross-chain swaps, Hyperliquid perps and predictions. Pick MetaMask if you are users who want one self-custodial wallet across EVM chains, Solana and Bitcoin, with built-in swaps, bridging and (outside the US/UK) perps.
Checked 2026-10-16 · both venues' fee pagesPhantom is a self-custodial multi-chain wallet (Solana, Ethereum, Base, Polygon, BNB Chain, Bitcoin, HyperEVM and others) with built-in swaps, cross-chain swaps, Hyperliquid-powered perps, prediction markets and a Cash stablecoin account. It charges a 0.85% Phantom fee on most swaps.
MetaMask is a self-custodial wallet developed by Consensys, available as a browser extension and mobile app. It has built-in Swaps and Bridge (a quote aggregator across EVM chains plus Solana, Bitcoin and Tron), Hyperliquid-powered perps, prediction markets, tokenized stocks and the mUSD stablecoin.
Phantom saves $2.20 per $1,000 round trip.
Side by side
| Phantom | MetaMask | |
|---|---|---|
| Type | Wallet | Wallet |
| Status | live | live |
| Chains | Solana, Ethereum, Base, Polygon, BNB Chain, Bitcoin, HyperEVM, Robinhood Chain, Arc | Ethereum, Bitcoin, Linea, Base, Solana, Tron, Polygon, BNB Chain, Arbitrum, Monad, Robinhood Chain, Optimism, Sei, Avalanche, Zksync, Megaeth, HyperEVM, Arc, Tempo |
| Platforms | ios, android, extension, web | extension, ios, android |
| Custody | non-custodial | non-custodial |
| KYC | onramp-only | none |
| Platform fee, round trip | 1.7% | 1.75% |
| $1,000 round trip | $17.00 | $17.50 |
| Sign-up perk | 10% of own eligible trading fees rebated for 3 months, paid in CASH | Set by each Rewards campaign's rules; no standing referee benefit is published |
| Perps taker / maker | 0.095% / — | 0.143% / 0.114% |
| United States | Partly available | Partly available |
| United Kingdom | Partly available | Partly available |
| European Union | Partly available | Partly available |
| Launched | — | — |
| Reported incidents | 3 | 0 |
What your trade costs on each
Cost of a round trip (buy + sell). Platform fee only; network and pool fees are extra.
Features
| Feature | Phantom | MetaMask |
|---|---|---|
| swaps | ✓ | ✓ |
| cross-chain swaps | ✓ | — |
| perps | ✓ | ✓ |
| prediction markets | ✓ | ✓ |
| copy trading | ✓ | — |
| limit orders | ✓ | — |
| gasless transactions | ✓ | — |
| cash account | ✓ | — |
| debit card | ✓ | ✓ |
| staking | ✓ | — |
| hardware wallet support | ✓ | — |
| mobile app | ✓ | ✓ |
| browser extension | ✓ | ✓ |
| web terminal | ✓ | — |
| cross-chain bridge | — | ✓ |
| gasless swaps | — | ✓ |
| batch sell | — | ✓ |
| tokenized stocks | — | ✓ |
"—" means the feature was not in the sources we checked, not proof it's missing.
Phantom: watch out for
- 0.85% swap fee on most swaps (1.7% for a buy-and-sell round trip), on top of network fees and price impact.
- Perps are unavailable in the US and UK; tokenized stocks are blocked in the US, UK, France, Germany and the Netherlands.
- Dropped Monad (Aug 2026) and Sui (Sep 2026) support; Arbitrum, Optimism and Avalanche are not supported.
MetaMask: watch out for
- The 0.875% swap fee (1.75% round trip) is higher than many standalone aggregators that charge no interface fee
- Perps are not available in the USA, UK, Ontario or Belgium
- Fee disclosure is inconsistent: the English swap guide omits the rate, and the perps marketing page says 'no fees' while the help center lists them
FAQ
Is Phantom better than MetaMask?
Phantom is cheaper: a $1,000 buy-and-sell costs $15.30 in platform fees vs $17.50 on MetaMask. Pick Phantom if you are solana-first users who want one self-custodial app for swaps, cross-chain swaps, Hyperliquid perps and predictions. Pick MetaMask if you are users who want one self-custodial wallet across EVM chains, Solana and Bitcoin, with built-in swaps, bridging and (outside the US/UK) perps.
Which is cheaper, Phantom or MetaMask?
Phantom. On a $1,000 round trip: Phantom $15.30 vs MetaMask $17.50, platform fees only.
Can I use Phantom or MetaMask in the US?
Phantom: partly available. MetaMask: partly available. Based on each venue's own terms.
Sources
Last checked . Fees and terms change often; the venue's own page wins if it disagrees with ours.
- Swap crypto in Phantom (Phantom Help) — checked 2026-10-16
- Trade perps in Phantom (Phantom Help) — checked 2026-10-16
- Understanding perp trading in Phantom (Phantom Help) — checked 2026-10-16
- Supported networks (chains) in Phantom — checked 2026-10-16
- Ending support for Monad in Phantom — checked 2026-10-16
- Ending support for Sui in Phantom — checked 2026-10-16
- MetaMask Help: User guide: swaps (Spanish) - lists MetaMask fee 0.875% — checked 2026-10-16
- MetaMask Help: User guide: swaps (English) - supported networks, gasless swaps — checked 2026-10-16
- MetaMask Help: How to trade perps (fee table by Rewards level) — checked 2026-10-16
- MetaMask Help: What is perp trading (regional restrictions) — checked 2026-10-16
- MetaMask Perps (Hyperliquid, up to 50x) — checked 2026-10-16
- MetaMask Help: What is MetaMask Rewards — checked 2026-10-16