Metamask Wallet
Metamask Wallet is a hot cryptocurrency wallet that you can use on Chrome, Firefox, and Brave browsers, acting as an extension that bridges normal web browsers with the Ethereum blockchain. Metamask can hold ERC-20 tokens while allowing users to access Ethereum’s DApp ecosystem and services more easily.
The company seeks to lower the barrier to entry and bring the decentralized web to a bigger market.
Do more with Metamask!
Buy, store, send, and swap tokens
Whether you choose to use Metamask as a browser extension or a mobile app, you are given a key vault, secure login, token wallet, and token exchange services, allowing you to manage your digital assets effectively.
Explore blockchain apps
Connect to most blockchain-based applications in a secure way. Stay in control while you access your assets and interact with services in the decentralized web.
Retain control over your data and funds
Metamask will generate your passwords and keys on your device, ensuring that you’re the only one who has access to your data. Only you can choose what to share and what to keep private.
The Benefits of Metamask Wallet
As a hot wallet, Metamask Wallet offers several benefits to people looking into investing in the Ethereum ecosystem. According to its users, these features are what makes Metamask a great option for their needs:
Open Source
Metamask’s code is available online and is free to access! This allows it to be reviewed and updated by its community of users, allowing for more improvements in the future.
HD Settings
Hierarchical Deterministic (HD) settings can help users backup their accounts by giving them a list of words known as seed phrases, which they can use to reset lost account information.
Built-in Coin Purchasing
Metamask can link directly with two exchanges, allowing users to buy cryptocurrency. Use Coinbase to purchase Ether and Shapeshift to buy either Ether or ERC-20 tokens.
Robust Customer Support
Providing a detailed introduction via video on its homepage as well as an extensive support page, beginners can easily find the information they need to get started with crypto-investing with Metamask.
Intuitive Interface
Metamask Wallet is beginner-friendly, with all the essentials laid out clearly. Sending and receiving currency should not be an issue, even if it’s your first time.
Local Key Storage
Metamask stores user keys on user’s browsers, giving their users more control over the public and private keys, making it less susceptible to attack.
Vibrant Community
As an important part of the Ethereum community, Metamask Wallet boasts more than a million active users of its platform!
Things to consider when choosing Metamask Wallet
Of course, certain properties of Metamask can be a drawback for some people, which is expected as preferences do differ from one person to another. In Metamask Wallet’s case, it’s a hot wallet so it’s technically always active. This means two things:
Browser-based access
While Metamask itself doesn’t have access to your account, the browser you have installed your extension to can have access to some of your information. Potential fraudsters still won’t have access to your private codes, but they may still collect behavior regarding how you use the app. Some users may not feel comfortable giving away their information to some of these browsers.
Online
As a hot wallet, Metamask is always online, leaving it more open to risk from hackers and other malicious attacks. You really need to keep backups by having other wallets if you can. Fortunately, Metamask hasn’t suffered any major attacks in the time it was operational, and its developers continuously update its open-source code.
Token Support
Lastly, Metamask supports only Ethereum and ERC-20 tokens, making it a bit exclusive to that blockchain. It’s then up to the user whether this matters to them or not.
FAQ
You can simply copy your new Metamask public address and go to your existing wallet or exchange in order to send the funds to your new wallet address.
Yes. Currently, Metamask supports both Trezor and Ledger on the extension. Unfortunately, there’s no option for hardware wallet support on mobile yet.
You can always use your seed phrase in order to restore your account and create a new, strong password.
Unfortunately, the seed phrase usually acts as the last resort when it comes to recovering your account. If it’s on a computer, you may be able to try and find the phrase but it could be a difficult process. Always keep your seed phrase secure and safe.
Yes. You can make use of the Metamask Mobile Sync feature. Simply follow the steps below to get started:
- Install Metamask mobile at MetaMask.io.
- Open the Metamask mobile app and click ‘Scan QR code’ inside ‘Sync or Import’.
- Log in to your extension
- Click ‘Settings’, then ‘Advanced’, then ‘Sync with Mobile’. You’ll then see a QR code.
- Simply scan this QR code with your mobile app and you’re all set!
