MetaMask Chrome extension: A guide for the novice investors 

With the enormous rise in the number of crypto investors, the need of having robust and effective trading tools and techniques is also on the rise. Considering this necessity several crypto exchanges entered into the world of digital assets, but they solely are not enough to add pace to the trade activities of digital assets.

Crypto exchanges along with a secure wallet to store and manage the income generated out of this trade become important. After the launch of the crypto wallets, the need of operating them on a web plugin emerged. And, to meet this demand of the crypto investors extensions were launched to support the working of the wallet on a computer/laptop.

So, through this read, we have aimed to provide you with the fundamental information relating to the MetaMask Chrome extension. To build an understanding of the extension, check out this document to the very end.

Usage of the MetaMask Chrome extension

Extensions give a wide picture of the crypto ecosystem along with enhanced security and access to dApps. Launched by Aaron Davis in 2016, this wallet was brought into existence for better management and organizing of crypto funds. Another core purpose for which it is known is storing the crypto funds.

Moreover, users can swap, buy, send, or convert crypto tokens. After looking at the assimilation of the MetaMask Chrome extension, let’s head toward learning the complete process of how to manage funds via it right from its installation.

Installation of the MetaMask Chrome extension

Installation is the dawning step in operating the crypto activities on the web plugin. The investors who are willing to further conduct or take part in the crypto trade activities through a computer/laptop have to first undertake this action.

The extensions available to date are:

• Google Chrome

• Mozilla Firefox

• Microsoft Edge

• Opera, and

• Brave

Here, we will be learning the steps of getting the Google Chrome extension installed on the computer. Underneath are the actions that you need to perform:

1. To get a legitimate extension, initiate the process by visiting the official website of the MetaMask

2. Tap on the “Download” option to check out the complete options available for download

3. From the icons located on the next page choose the “Chrome” icon or click on “Install MetaMask for Chrome”

4. This will re-direct you toward the “Google Web Store” page

5. From there, hit on “Add to Chrome”> “Add Extension”

After attempting all the above-laid steps sequentially, the installation process will get started. Wait for a couple of minutes to get the installation process completed.

Importing an existing wallet

After the extension gets installed on your device successfully, don’t stop. We have a long journey to cover. Assuming that you are already holding a wallet, we are providing the further steps that you’ll have to perform:

1. Resume the process by opening the installed extension on your device

2. From the appeared options, select “Import an Existing Wallet”

3. Mark your decision for “Help Us Improve MetaMask”

4. Enter the Secret Recovery Phrase of the wallet in the correct order

5. Tap on “Confirm Secret Recovery Phrase”

6. Construct a vigorous password to secure your wallet from unauthorized access

7. Finish the remaining prompted actions to wind up the importing process

Important: Always keep your wallet SRP somewhere safe. It is advised to make an offline note of this phrase and never disclose the same to anyone.

How to get into your wallet?

Getting out of the wallet/locking it after completing your trading actions is a healthy practice to prevent your wallet from malicious activities.

But, if you are unaware of how to regain access to your wallet, then check the pointers summarized down:

1. From the toolbar of your browser open the installed MetaMask Chrome extension

2. The wallet will then ask you for the password (that you crafted earlier)

3. In the designated text field, provide the wallet password accurately

4. Hit on “Unlock”

Why to pick the MetaMask Chrome extension out of the available options?

For the convenience of the investors, the wallet has launched a variety of browser extensions that users can get installed on their devices to further access their wallet on the computer/laptop. But, out of the provided options, Chrome is the first choice of the majority of crypto investors. Right?

The reason that justifies this statement is that it is one of the browser extensions that promises users an unbreakable fence of security. Apart from this, it has excelled in rendering excellent service that really appealed to a large segment of individuals. Light-fastening responses and security are two important grounds that have influenced individuals. And this is why the Chrome browser extension is highly installed by crypto investors for managing their wallet funds.

Moving funds from a centralized exchange to the MetaMask

If you are having your funds with the centralized exchange and you are seeking for a roadmap to move the assets to self-custody, then just take a deep breath. You have reached your destination, as in this section of the article we are providing an outline of the necessary steps that you’ll have to execute. Take a look:

1. Commence the process by reaching the official website of the platform from where you want to move the assets

2. Complete the sign-in steps and then search for the cryptocurrency that you are likely to withdraw from there

3. Click on “Withdraw”

4. Cautiously paste the address of the MetaMask wallet. Cross-check it once after pasting to evade errors

5. Select the ERC-20 network, enter the amount that you wish to withdraw, and then submit the entered information

6. Complete the 2FA process by entering the correct code

7. All Done!! The transfer will take around 10 minutes to get executed

NOTE: Don’t panic, if the transfer of assets is taking a bit longer time. It might be because of network congestion. To check the status of the transaction move to the recent transactions section.

What lies ahead...

Before picking up this service, investors are keen on anticipating the future of the MetaMask. If you are going to avail of any service in the long run then having an insight into its near future becomes quite mandatory. As per the research conducted by the experts, it has been discovered that the wallet is going to have a bright future ahead. It has been constructed with everything that is essential in uplifting crypto trade activities securely and effectively. So, if you are perplexed relating whether you should opt for the MetaMask Chrome extension or not then without any further delay grab it and jump into the trade activities.

Winding it up!!

MetaMask extension is succeeded in providing a secure platform for carrying out wallet activities efficiently and without any hurdles. It has acted as a key to blockchain applications making it a pioneering wallet in the crypto world. In addition to working on Ethereum, it also provides the best access points for decentralized applications (dApps). The crypto market is highly volatile but it has been anticipated that MetaMask is going to have a bright future ahead.