Choosing the right crypto wallet setup has become a strategic decision for companies operating in Europe. As 65% of businesses demand instant payment solutions and crypto transactions are projected to grow by 250% by 2027, the wallet infrastructure a company selects has a direct impact on treasury efficiency, security, and operational resilience.

The challenge is that most wallets were designed for individual crypto users, not businesses handling cross-border payments, crypto treasury, euro settlements, or high-volume on-chain operations.

In this guide, we compare MetaMask, Ledger, and Monetum Wallets—three of the most widely considered options among European fintechs, iGaming companies, trading platforms, and Web3 teams.

This is is a business-focused breakdown, showing which wallet setup best supports a compliant, crypto-friendly, multi-wallet, and euro-connected operation.

What Each Wallet Actually Is

Monetum Wallets

A non-custodial on-chain wallet suite, integrated directly into a regulated Swiss fintech platform. Monetum doesn’t hold private keys; users retain full control.

Monetum supports:

• Connecting external wallets (MetaMask, Ledger, WalletConnect-compatible wallets)

• Creating new, on-chain wallets via Alchemy

• Multi-wallet operations

• Crypto deposits & withdrawals

• Euro accounts with SEPA payments

• Upcoming features: swaps (via 1inch), multi-chain support, crypto-to-euro conversion

This combination makes it the only option explicitly designed for business operations, not retail crypto use.

MetaMask

A browser-based “hot wallet” popular with Web3 users. MetaMask stores encrypted private keys locally in the browser/mobile environment. Because the environment is internet-connected, it can be exposed to device-level threats (malware, phishing, compromised extensions).

Ledger

A hardware wallet (cold storage) providing very high security. However, it is slow and operationally cumbersome for businesses needing frequent transactions or multi-wallet management.

Comparison Overview: MetaMask vs Ledger vs Monetum Wallets

Security & Control: The Most Critical Factor for Businesses

Security is the area where wallets differ most.

MetaMask

Stores encrypted private keys in the browser or mobile app. This is acceptable for personal use but exposes businesses to:

• Device compromise

• Insider threats

• Lack of operational security standards

Ledger

Keys never leave the hardware device. Excellent for long-term storage, but businesses with frequent operational needs struggle with:

• Physical device access

• Multi-user workflows

• Reconciliation delays

Monetum Wallets

Provide the benefits of both worlds:

• Non-custodial on-chain wallets

• Private keys never accessible by Monetum

• External wallet connections

• Ability to generate new wallets via Alchemy

Upcoming: Private key export, ensuring wallets remain portable across platforms.

This is the security–usability balance businesses typically need.

Operational Efficiency & Multi-Wallet Workflows

Crypto-active companies often manage:

• Treasury wallets

• Treasury sub-accounts

• Merchant wallets

• Cold and hot operational wallets

• User payout flows

• Team or department-specific wallets

Neither MetaMask nor Ledger were designed for this.

MetaMask

Usable, but:

• No user roles

• No multi-wallet dashboard

• No compliance oversight

• No euros or payments integration

Ledger

Secure, but daily usage quickly becomes impractical—especially for global teams working asynchronously.

Monetum Wallets

Built around real business requirements:

• Multiple external wallets connected to one account

• Up to 5 on-chain wallets created internally

• Full visibility across all wallets

• Fast deposits and withdrawals

• Team permissions inside the same financial platform

• Integrated euro accounts for settlements

This eliminates the need for spreadsheets, screenshots, or manually tracking wallet balances.

Fees & Swap Capabilities

MetaMask

Allows swaps, but routing can be expensive and inefficient.

Ledger

No built-in swap capability; requires external tools.

Monetum Wallets

Aggregates prices across decentralized exchanges to find the best rate:

• Lower fees

• Lower slippage

• Higher success rate

For businesses running frequent swaps, this makes a measurable difference in operational cost.

Fiat Connectivity & Crypto-to-Euro Conversion

This is where MetaMask and Ledger simply do not compete.

MetaMask

No crypto-to-fiat options, no SEPA integration.

Ledger

Same. Hardware wallets are purely for asset storage.

Monetum Wallets

By late 2025, Monetum enables:

• Crypto → EUR conversion

• EUR → crypto purchases

• Instant settlement to a Monetum IBAN

• Powered by Kraken’s enterprise infrastructure

This turns the wallet into a bridge between crypto liquidity and banking—critical for companies needing:

• Payroll

• Vendor payments

• Operational expenses

• Cash-out of trading or iGaming revenue

• Automated treasury rebalancing

No other wallet setup offers this combination.

Compliance & Business Banking Integration

Businesses in crypto-related industries—iGaming, Web3, forex, trading platforms—often face blocked accounts and banking restrictions.

A compliant bridge between crypto and euros is essential.

MetaMask & Ledger

No compliance layer. No KYC/KYB alignment. No audit trails.

Monetum Wallets

Built within a regulated Swiss payment institution:

• KYB-compliant onboarding

• Multiple euro IBANs

• Open banking payment rails

• Batch payouts

• Crypto-friendly operations

• 24/7 risk monitoring

This makes Monetum one of the only wallet infrastructures suitable for companies requiring both on-chain activity and traditional financial operations.

Which Wallet Setup Is Best for Your Use Case?

Choose MetaMask if you are:

• A small Web3 team experimenting

• Handling low-value funds

• Primarily interacting with dApps

Choose Ledger if you are:

• Holding large amounts of crypto long-term

• Managing cold storage

• Not conducting frequent on-chain operations

Choose Monetum Wallets if you are:

• Operating a crypto-active or hybrid euro+crypto business

• Needing multi-wallet workflows

• Requiring SEPA euro accounts

• Preparing for crypto-to-euro settlement

• Seeking a compliant, non-custodial setup

• Serving users globally with fast, reliable payments

Monetum is the only option designed from the ground up to support regulated, multi-user, high-volume business usage.

FAQs

1. Are Monetum wallets custodial?

No. Monetum never holds private keys. All wallets are fully non-custodial, whether connected externally or created via Alchemy.

2. Can businesses connect multiple MetaMask or Ledger wallets?

Yes. Monetum is rolling out support for multiple external wallet connections under one business account.

3. Can Monetum swap tokens directly within the platform?

Yes. Monetum integrates the 1inch protocol for low-fee, high-success-rate swaps.

4. Does Monetum offer euro settlement?

Yes. Monetum provides SEPA euro accounts, and crypto-to-euro conversion launches in 2025 via Kraken.

5. Is Ledger still recommended for businesses?

Yes—for cold storage. But not as the main operational wallet.

Final Verdict

Ledger is excellent for cold storage.
MetaMask is convenient for Web3 interactions.

But neither provides what businesses require today:
non-custodial wallets + compliance + SEPA euros + swaps + multi-wallet visibility.

Monetum Wallets represent the only setup built for real business operations, offering a secure, compliant, and efficient bridge between on-chain assets and financial infrastructure.

Ready to streamline your crypto and euro operations?

→ Open a Monetum Account

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