Is MetaMask legit?
MetaMask is a real, operating wallet. It is non-custodial, KYC: none. We found no reported hacks or fund losses in our sources. Legit is not the same as low-risk: the coins traded on it can still go to zero.
Checked 2026-10-17 · 11 sourcesThe checklist
| Check | Finding |
|---|---|
| Operating status | live |
| Custody | Self-custody |
| Identity check (KYC) | none |
| Known backers | none found |
| Reported incidents | none found |
| Published fees | yes |
| US availability | partial |
Custody: who holds your money
Self-custodial wallet. For swaps, MetaMask describes itself as an 'information aggregator': it pulls quotes but does not provide liquidity or execute the trade.
Incidents
No reported hacks, exploits or frozen withdrawals in the sources we checked.
Real downsides
- 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
Can you use it where you live?
| Region | Status |
|---|---|
| United States | Partly available |
| United Kingdom | Partly available |
| European Union | Partly available |
Perps are not available to users in the USA, UK, Ontario (Canada), Belgium or US-sanctioned countries, and are 'not intended for UK persons'. The sources checked list no country restriction for the wallet or Swaps. (source)
We report what the venue's own terms say. Don't use a VPN to get around restrictions; venues can freeze accounts that do.
How to use MetaMask without getting scammed
- Only open metamask.io — fake lookalike sites and "support" DMs are the most common way people lose funds on any trading venue.
- Never share a seed phrase or private key. No real support agent will ask for one.
- A referral code only changes your fee and who gets a share of it. It never needs your keys.
- Treat every new memecoin as able to go to zero. A legit venue does not make the coins on it safe.
Comparing options? See the full MetaMask sheet or Rabby, Trust Wallet, Phantom.
FAQ
Is MetaMask legit?
MetaMask is a self-custodial wallet developed by Consensys. It launched in 2016 as open-source software and added Swaps on desktop in October 2020. As of early 2026, MetaMask reports over 100 million users. In Swaps it acts as a quote aggregator and does not execute trades or provide liquidity itself.
What is MetaMask's swap fee?
MetaMask's help center lists a 0.875% MetaMask fee on swaps, built into the quote. Network gas comes on top. Bridging through MetaMask Swaps uses the same flow. No reduced stablecoin rate is documented.
Does MetaMask support Solana and Bitcoin?
Yes. MetaMask Swaps lists Bitcoin, Solana and Tron alongside EVM networks such as Ethereum, Linea, Base, BNB Chain, Arbitrum, Polygon, Monad, Robinhood Chain and others, and cross-chain swaps are supported (for example ETH on Ethereum to SOL on Solana).
What are MetaMask perps fees?
Perps run on Hyperliquid. Total fees are 0.1432% taker and 0.1144% maker at MetaMask Rewards Levels 1-3, falling to 0.0782% / 0.0494% at Levels 6-7. Hyperliquid charges a $1 withdrawal fee. Perps are not offered in the USA, UK, Ontario or Belgium.
What is MetaMask Rewards?
MetaMask Rewards is MetaMask's loyalty program, opted into from the Rewards tab on mobile. It runs mainly through time-limited campaigns, plus ongoing items such as 3% money back on the Metal Card and a 3% bonus for converting stablecoins into mUSD. Each user gets a referral code that earns campaign bonuses.
Sources
Last checked . Fees and terms change often; the venue's own page wins if it disagrees with ours.
- 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
- MetaMask USD (mUSD) — checked 2026-10-16
- Wikipedia: MetaMask (launch 2016, Swaps 2020, user count) — checked 2026-10-16
- MetaMask Rewards terms and disclosures (Consensys) — checked 2026-10-16
- How to send tokens from your MetaMask wallet — checked 2026-10-17
- I sent crypto to the wrong place — checked 2026-10-17