Metamask Wallet: the Crypto Wallet for Defi, Web3 Dapps and Nfts
Do you have any concerns regarding your purchased assets? Well! Every digital purchase involves risks and it can be drastic for huge amounts of investors as we know nothing is completely safe in the digital world.
Crypto trading is now all the rage but we can’t avoid the fact that online scams and hacks are also every day’s headlines. So, what do you think? In fear of raising malicious activities, you don’t have to hold your coins for the long term?
If you are a wise investor, you would never go for quick bucks without holding your coins. HODLing is a common slang that suits every wise investor. What does it means, you may ask?
Hold On for Dear Life (HODL) HODLing- It is a wise approach to evade panic-selling by focusing on long-term investments. But where to hold securely can be a point of concern for every trader.
So let the cat out of the bag, Yes! Here we are going to introduce the most secure digital wallet named- MetaMask wallet, which is specially designed for Ethereum traders to hold their coins in strongly encrypted software. Let me explore it further in this write-up.
What is MetaMask wallet?
Using the MetaMask Wallet, you can hold and manage your keys. Broadcast transactions and Ethereum transfers are also possible via this wallet. It has a wide user base, according to Bloomberg news, it had approximately 21 million users in November 2021 who are actively using its services.
This user base is not without a good reason, it has several functionalities to attract its users such as high-end security to your assets, a gateway to the decentralized web, and availability in the form of a mobile app and browser extension.
Moreover, for developers, token traders, cryptocurrency players, and newcomers to the blockchain, it offers a crucial utility. With MetaMask, you have access to a key vault, secure login, token wallet, and token exchange, offering you everything you need to manage your digital assets.
Look at the positive aspects of using the MetaMask wallet
Modest way to enable your access to the Ethereum blockchain
Has a massive 10 million users, with over a million of them actively using it each month
Easy for novices because of the user interface's simplicity
You can save keys for each token using the supported browsers and mobile application
Opportunity to directly use this wallet to buy and trade cryptocurrencies on the majority of networks
Enables users to back up their accounts and automatically restore missing account data
The majority of blockchain applications can be connected
A few drawbacks experienced by MetaMask users
The constant risk of hacks like all digital wallets
As it works with your browser so it can collect your data
Customer service is comparably slower
First thing first: Download MetaMask browser extension
What if you are a mobile user?
It can be a query after getting the way to download the MetaMask extension. Well as we know that MetaMask is available as an extension but browser extensions can’t go with mobile devices. So, for mobile devices, MetaMask offers a mobile application which can be downloaded by following the given steps.
Go to your device’s Play Store or App Store whichever is available.
Open the search space and type “MetaMask” there.
You will get the MetaMask wallet at the top with a huge user base.
Click on the “Get” or “Install” button and the MetaMask wallet will get downloaded automatically to your device.
Isn’t it an easy process? Of course, yes and probably every mobile user is well-versed in this process. If not, these easy steps will guide you. Here you will have a MetaMask app or plugin with you, but are you able to begin its usage? No!
Acknowledge the way to create a MetaMask wallet
To begin its usage, you have to create your wallet first. Follow the guidance thoroughly to get the process.
Open the MetaMask wallet extension or app after downloading it.
Then select "Get started" > "Create a wallet" from the drop-down menu.
Press the "I accept" button to indicate your agreement with the terms.
You will be prompted to establish a password here, input the one you want to use.
Enter the password in the appropriate location to verify it.
After clicking "Create", a seed phrase will appear on the screen.
It is crucial to the security of your account so reveal that phrase and store a backup of it in any safe document.
Select the words in your phrase and press the "Next" button to validate your seed phrase.
Kudos! You are done with the significant step, now you can perform a MetaMask login with password to usher in its usage and can avail of all its exclusive facilities.
To sum up, I’ll prefer to say that if you are an Ethereum trader and want to opt for the concept of HODLing, MetaMask wallet can be your go-to wallet as it will safeguard your assets and will give you peace of mind to help you in wise investing. It will not just help you in storing your assets but will also allow you to transfer your assets using the MetaMask wallet address.
So, if you are also interested in holding your coins and want to earn pretty pennies, go for the MetaMask wallet login without getting into any conflict.
Disclaimer-"Do not interpret the given information as the endorsement of metamask in any manner. We have included all these details only to train and guide our readers about using metamask. The furnished information may not always be completely accurate. Also, using any crypto service comes with some risks. So, make sure that you do your own research before you take any actions referring to this website."