MetaMask Extension - Secure uMetaMask Extension
Discover how the Metamask extension ensures secure access in blockchain technology. Explore the benefits and features of this cryptocurrency wallet extension
Last updated
Discover how the Metamask extension ensures secure access in blockchain technology. Explore the benefits and features of this cryptocurrency wallet extension
Last updated
MetaMask is a popular cryptocurrency wallet that supports a broad range of Ethereum-based tokens and non-fungible tokens (NFTs) on supported blockchains. While experienced crypto investors may appreciate the speed and simplicity of the wallet, new investors may find it difficult to navigate. In addition, the wallet does not support Bitcoin, making it a turn-off for investors whose primary investment is Bitcoin.
While all leading cryptocurrency wallets provide a high level of security for safekeeping your crypto assets, improper security practices on behalf of the user can lead to a complete loss of funds. Crypto enthusiasts should take care to store the bulk of their assets meant for trading on exchanges using cold storage methods, and never share your wallet’s login details, recovery phrase, or private keys with anyone.
PROS & CONS
COMPANY OVERVIEW
Pros
Easy setup process
Earn rewards via staking and holding
Supports a broad range of Ethereum-based tokens
Central hub for dApp
Cons
No coin-to-fiat conversion
Absence of 24/7 live customer support
Type of Wallet Software; available as a mobile app for Android and iOS and a web browser extension Price Free Fees Network fees to send and swap assets; no fee to receive assets Number of Cryptocurrencies Supported Supports a wide range of Ethereum-based tokens such as Ether (ETH), USD Coin (USDC), Tether (USDT), etc. Bitcoin and Ethereum Support Only Ethereum and ERC-20 tokens are supported Earn (Staking/Rewards) Yes, users can receive rewards on staking, as well as other incentives like airdrops Customer Service No 24/7 live customer support; users can get help via the help page, email, ticket system, and community board In-App Features Users can buy, stake, swap, and convert assets within the wallet Hardware Compatible Yes (examples include Trezo and Ledger) SPV or Full Node Simplified Payment Version (SVP) Mobile App Yes (Android and iOS)
