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 <p class="is-style-lead">MetaMask is the number one hot <a rel="noopener noreferrer nofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a> on the market, with over 22.66 million app installations and users, according to CoinGecko’s latest report.&nbsp;</p> 
 <h2 class="wp-block-heading" id="crypto-hot-wallets">Crypto hot wallets</h2> 
 <p>According to CoinGecko, MetaMask is the most popular “hot wallet for self-custody,” with 22.66 million “installations or users.” These numbers surpass that of the Coinbase Wallet, the second most popular wallet, which had 11 million installs, by over 100%.</p> 
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  <img decoding="async" loading="lazy" width="1024" height="993" src="https://cdn.thebittimes.com/images/2023/08/07/d2b4fb414799a8d39a976174db685cd1.webp" alt="MetaMask is the most popular hot wallet, CoinGecko data suggests - 1" class="wp-image-14183688"> 
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    Top 10 hot crypto wallets | Source: CoinGecko 
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 <p>The challenges of <a rel="noopener noreferrer nofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a> hacking and digital asset theft have led to warnings about the use of crypto hot <a rel="noopener noreferrer nofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a>s, but their ease of use has made them the go-to option for most “hodlers.”</p> 
 <p>Internet-enabled and online, hot <a rel="noopener noreferrer nofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a>s are considered to be more convenient and easy to access. Cold <a rel="noopener noreferrer nofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a>s, on the other hand, are often perceived as a safer option but can be difficult to navigate.</p> 
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 </div> 
 <h2 class="wp-block-heading" id="the-rankings">The rankings&nbsp;</h2> 
 <p>According to CoinGecko, the top three hot wallets are MetaMask, Coinbase Wallet, and Trust Wallet.</p> 
 <p>MetaMask was launched in 2016 by ConsenSys as an Ethereum (ETH) <a rel="noopener noreferrer nofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a>, which Coinbase Wallet belongs to the US-based centralized exchange Coinbase.</p> 
 <p>Trust Wallet, the <a rel="noopener noreferrer nofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a> that was launched in 2017 and acquired by Binance in 2018, comes in third with 10.40 million installs and users. </p> 
 <p>The top ten wallets on the list, which also includes Blockchain.com Wallet, Crypto.com Wallet, and Phantom, cumulatively have about 61.92 million installations.</p> 
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Cryptocurrency wallets: types and functions you should know 
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MetaMask is the most popular hot wallet, CoinGecko data suggests

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