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MyEtherWallet vs ShapeShift

How MyEtherWallet vs ShapeShift compare on our ratings, wallet specs, funding, pros and cons.

MyEtherWallet3.9/5
VS
ShapeShift4.2/5
Feature
MyEtherWalletVisit
ShapeShiftVisit
Ratings
Our score3.9/54.2/5
User ratingNo reviews yetNo reviews yet
Security3.54.0
Ease of use3.54.0
Chain support4.04.5
Features4.04.0
Privacy4.54.5
Specs
KYC required No No
Wallet typeWeb, MobileMobile, Web
CustodySelf-custodialSelf-custodial
ChainsEthereum, Bitcoin, Solana, BNB Chain, Arbitrum, Base, Optimism, Polygon, OtherEthereum, Bitcoin, Solana, BNB Chain, Arbitrum, Base, Polygon, Avalanche, Tron, Cosmos, Other
PlatformsiOS, Android, Chrome, Firefox, Brave, Edge, SafariiOS, Android
Open source Yes Yes
Hardware wallet support Yes Yes
In-app swaps Yes Yes
Staking Yes Yes
NFT support YesNot disclosed
Buy crypto in appNot disclosed Yes
WalletConnect Yes Yes
Security featuresClient-side key generation, Hardware wallet integration, Biometric authentication, Passcode protectionNot disclosed
Built-in dApp browser YesNot disclosed
Swap feeNot disclosed0%
Company
Founded20152014
HeadquartersUnited StatesSwitzerland
InvestorsNot disclosedEarlybird Venture Capital, Access Venture Partners, Blockchain Capital, Lakestar +3
Strengths and weaknesses
Pros
  • Open-source, client-side architecture with continuous operation since 2015
  • No registration or identity verification required for core wallet features
  • Supports Ethereum Layer 2s, Bitcoin, Solana, and Polkadot alongside EVM chains
  • Free core wallet software with transparent third-party swap fee quotes
  • Zero platform commission fees charged on decentralized trades
  • No identity verification or KYC required to swap or store funds
  • Covers more than 10,000 assets across 48 native blockchains
  • Direct hardware wallet connectivity for Ledger and Tangem devices
Cons
  • Lost 215 ETH in an April 2018 BGP DNS hijacking incident
  • Self-custodial design leaves recovery entirely dependent on user seed-phrase safety
  • Web interface users face domain-spoofing and phishing risks
  • Third-party routing protocols and automated market makers impose variable swap fees and spreads
  • Cross-chain execution risks depend entirely on third-party bridge and DEX contract security
  • Users bear total responsibility for managing unassisted seed-phrase recovery
  • Trustpilot average rating stood at 3.0 out of 5 in March 2026
Best forEthereum and EVM users wanting self-custody, Traders managing assets across Bitcoin, Solana, and Ethereum, Users avoiding mandatory account registrationKYC-free cross-chain asset swaps, Multichain DeFi asset management, Hardware wallet integration users

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