Metamask Wallet- The crypto wallet for Defi, Web3 Dapps and NFTs
A glimpse at the MetaMask Wallet
Hoping you are doing great! I am here to share some of the information that I gathered while looking for cryptocurrency and if you are about to invest in cryptocurrency then this information might help you.
Here, I’ll be discussing the basics related to the crypto world and if you too are looking for the same then you are at the right place. With the introduction of many exchanges the need of having a wallet that can store your funds also emerged. For managing and organizing the funds related to the crypto world, wallets were developed.
This article has been created to throw light on one of the most popular wallets- the MetaMask Wallet. With its unique features and simple functioning, it is now one of the most accepted and trustworthy wallets in today’s working of cryptocurrency.
Let’s have a brief introduction to it.
What is Metamask Wallet?
MetaMask wallet is a free web and mobile crypto wallet that stores Ethereum and its compatible tokens. This wallet works on a desktop/PC with the support of extensions. The mobile app is available on Android and iOS as well.
It performs three major functions and they are as follows:
Storing the cryptocurrencies
Swapping
And, interacting with the Apps
How can I proceed with the Metamask Wallet login?
Well, the steps to be followed for logging into your wallet via mobile app is similar to the other login procedures. But for your convenience, we are listing them below:
Launch the MetaMask Wallet App
Click on the “Sign In” option
Fill up the correct login details
Enter your wallet password
Bang on the ‘Sign In” icon again
With these simple steps, you are logged back into your wallet account.
Why is MetaMask login with a password mandatory?
As we all know, operating online security is the first factor that hits our mind. The account holder expects that the account he (you) is holding must be free from any kind of risk. However, the risk factor cannot be removed but it can be reduced up to some extent with top-notch security lineament.
It has come up with the same objective of securing your wallet and account from any unauthorized access. To make sure that only the holder can access the account, it asks you to create a strong password at the time of account creation. This password acts as a key for your account. Whenever you want to access the account, you’ll have to enter your password.
MetaMask Wallet address- where can I find it?
To find out the Wallet address using the extension. Follow the steps below:
Download and Install an extension
Launch the extension and tap on the MetaMask icon/logo
Fill up your password in the relevant field
Tap on “Unlock”
Hit on the three vertical dots at the top of the page
Go ahead with the “Account Details” from the menu list
Now copy the wallet address by hitting the “Copy” option
You can either choose to scan QR Code using another wallet app. With this, you found your MetaMask wallet address.
What are the options available to download the MetaMask browser extension?
For working on MetaMask via desktop you’ll first have to download an extension. There are 4 popular browsers that are supported by it. They are named as under:
Chrome extension
Firefox
Brave
Edge
You can download any one of them. However, the most downloaded one is the Chrome extension.
Once you Installthe Metamask Chrome extension(or any other one)you can proceed further by working with Wallet via desktop.
Is there any Metamask Chrome extension mobile?
The extension is only available if you are working on a desktop/PC. However, there is no extension if you are operating via a mobile device.
Final Verdict
With the above write-up, we can conclude that MetaMask Wallet is a hot crypto wallet that can be accessed while online and it offers simple and easy navigation for its users. The lineament that distinguishes it from the other available wallets in the cryptocurrency market is its ability to interact with the dApps. Moreover, this wallet supports the Ethereum and Ethereum compatible tokens and this wallet can be accessed only after entering a valid account password for maintaining the security standards.
Frequently Asked Questions
How to logout of MetaMask App?
If you are logged into the app and now looking to log out from it, then you must have a look at the steps given below:
Launch the mobile app
Tap on the three vertical lines at the top left corner of the page
From the sidebar, select the “Lock” slab
You have completed the steps for logging out (Locking) the app.
How to create a MetaMask Wallet in Android?
For creating a Wallet on Android, you’ll need to first download the app from Google Play Store.
After that, launch the app
Tap on “Get Started”
Next, click on “Create a Wallet”
On the next page, create a new password and re-confirm the same
Hit on “Create Password”
An introduction video of Secret Recovery Phrase (SRP) will be on the next page, don’t skip that
Now, note down your SRP somewhere safely
Tap on “Continue”
Go ahead to confirm your SRP
Bang on “Complete Backup”
You have now successfully created a wallet account on your Android.
Is MetaMask a safe wallet?
It is considered a safe wallet as the private keys are to be managed by the account holder and not by the exchange. Thus, only the wallet holder has the right to manage/access his wallet.
What coins can I buy on MetaMask?
MetaMask is specially designed to hold Ethereum, Ethereum-compatible tokens (like ETH721, ETH20, etc.), and NFTs across multiple blockchains. One cannot buy Bitcoin on MetaMask because BTC is based on the Bitcoin blockchain.