MetaMask Extension - A basic guide for First-time users
MetaMask Extension is getting popular among users because of its advanced features that grab the attention of traders easily. If you are an existing user, then you might think that the fees charged by this platform are higher than the other but it is not entirely true. It only charges 0.875% on the swaps made by the traders. Sometimes the fee might get high depending on the traffic on the website. The more people will try to transact at the same time the higher would be the fees. It is recommended to not to transact during that time because there is a high chance that your transaction might get stuck.
You can also receive signature requests from other sites even if you do not have any value in your account. However, if your account has some available cryptocurrencies such as ERC-20, ETH, ERC-721, etc. then MetaMask will allow you to play games, trade, invest, and do much more on the platform.
Exchanging of tokens to Fiat Currencies:
The ETH tokens stored in your MetaMask Extension account cannot be exchanged for fiat currencies. You will have to do it on some other exchange because MetaMask does not have this facility. In this case, you can try to send your ETH tokens to any other exchange manually. But to do this you will have to comply with the conditions of the process. If you want to know more details about the said conditions, then visit the official website of MetaMask and look for the necessary details.
Withdrawal Process of MetaMask Browser Extension
There are two methods using which a user can get back the ETH that has been staked by him. And in this section, we will discuss one of thosFe withdrawal methods. Now let us begin our journey of withdrawal:
The first step is to do your MetaMask Wallet login.
On the homepage, a button for Your holdings will be visible. Tap on that button.
In the top right corner of the screen tap the three dotted button.
Now tap the Withdraw button.
In the newly appeared text box, you will have to enter the amount you want to withdraw.
Again press the Withdraw button.
On the next screen, you will see the options of “Withdraw” and “Swap” along with the various other details of both options. You have to go for Withdraw option.
Now you will have to review all the withdrawal details.
Hit the “Confirm” button.
It will now ask you to grant 2 permissions to complete the process. Review the permissions and then provide your approval.
Now, it will take a few minutes to confirm your transactions.
After the transaction is confirmed, your withdrawal process will get started and then it will notify you after the process is completed.
Troubleshooting steps for MetaMask Extension Issues
Sometimes, you might face some issues while you are using the platform. Here are some of the steps that you can perform and check if the issue still persists:
The first thing you should check is whether the MetaMask Chrome Extension is updated or not. If not, then it is highly recommended that you update your MetaMask Extension and then try to use it.
Try to restart your extension.
If extension restarting doesn't work, then your device.
Uninstall your application or extension and then again do the MetaMask extension download and install process again.
Look in the Community-based forums that are released by MetaMask on its website and then see if the solution to the problem is present or not along with their steps that could be borrowed easily.
Contact customer support service if the issue is still there even after performing all of the given troubleshooting steps.
Summing it Up
MetaMask is available in the form of an application for mobile users and as a browser extension who want to use it on their PCs. But it is not available as a MetaMask app for PCs. If you are a first-time user of MetaMask then you can watch some of the educational videos uploaded by it just to know how you can navigate between the various available options. MetaMask is really recommended to those who want a simple interface that will not complicate things for them while they are trying to make a transaction. Though we are not saying that other platforms complicate the user’s transactions. We are just conveying that executing a transaction on an interface that is designed for intermediate or advanced-level traders might confuse our first-time users.
FAQs
Can we use the same MetaMask account on more than one device?
The main benefit that a user gets by using MetaMask is that you can access an account or as many accounts as you want. You can access your account on any other device just with the help of the Secret Recovery Phrase. You will not be bound to just a single line to access your account.
Is MetaMask free to use?
MetaMask is available to be used freely. It can be downloaded freely and you can start using it for free. You will just have to pay an amount as a transaction fee to execute your transactions on the Ethereum blockchain. But that fee is lower than any other platforms if compared.
Where to find my MetaMask private key?
Go to the account settings option. Then select the button “Privacy and Settings”. Now scroll down on the newly opened screen and then tap on the option of “Show private key”. Follow this short procedure to know your private key.
How to view all the tokens in MetaMask Extension?
You will have to tap on the Asset tab available on your homepage. And after the new tab is opened it will be able to view all of your account’s tokens. If by chance it is not visible to you then you should tap on the Import token option. It might have happened because your automatic token detector option has not been enabled, therefore enable it for future use.