For those of you who have been involved in trading and investing in cryptocurrencies, of course you already recognize crypto wallets or wallets such as the MetaMask wallet.
This time, VCGamers will discuss MetaMask as a crypto wallet that you can use as a wallet for cryptocurrency trading and investment.
Also Read: How to Transfer Crypto Assets from Indodax to Trust Wallet
MetaMask Wallet
MetaMask wallet is a browser plugin that functions as an Ethereum-based crypto wallet. You can use the crypto wallet at no cost or free.
Even though its main function is as a browser plugin, you can also use it via smartphone devices based on iOS and Android.
You can store various crypto asset tokens and of course tokens ERC-20 other. Therefore, this crypto wallet can provide efficiency for users with the transaction feature to all Ethereum addresses.
This crypto wallet is connected to decentralized applications or Dapps and various marketplaces NFTs so that you as a user can make many types of transactions.
These types of transactions can be in the form of NFT purchases, saving profits from NFT-based games, joining the metaverse, and of course crypto asset transactions.
After knowing what a MetaMask wallet is, here are the advantages that you can get when using this crypto wallet. Come on, see the explanation of the advantages below!
Also Read: How to Buy Crypto on Indodax Easily
Advantages of MetaMask
There are various advantages that you can find when using this crypto wallet. The first advantage is that it is available for those of you who use Android and iOS browsers and smartphones.
What's more, you can also synchronize browser plugins and applications available on your personal smartphone.
In addition, the advantage of this wallet is that it is open source. This means that there is a large developer community to contribute to the development of this crypto wallet application.
By using this application, browsing purposes DApps and NFT games will also be made easier because you can make NFT collection transactions.
Another advantage is that this crypto wallet can integrate ShapeShift and Coinbase transactions to facilitate transactions for various ERC-20 and ETH tokens.
Integrates ShapeShift and Coinbase exchanges for easy exchange of ETH and other ERC-20 tokens.
MetaMask is also integrated with Ledger tools, so you can do peer-to-peer token swaps from this crypto wallet without having to interact with intermediaries.
Also Read: How to Get Crypto in Plant Vs Undead NFT Game
MetaMask Security
After knowing the advantages of using this crypto wallet, maybe you are curious about security when using the MetaMask wallet.
You can access MetaMask online and in fact, the browser plugin limits its security compared to other wallets like Ledger and Trezor.
However, the security level of this crypto wallet can beat other wallet applications and of course it can be an advantage and a consideration when you want to use a crypto wallet.
Besides being safe, the developer also makes it easy for you to access the world Ethereum DApp because of its easy availability for you to use on smartphone platforms as well as PC or desktop.
Without MetaMask, it would be difficult for a decentralized financial sector to develop this far.
According to website MetaMask, all personal data is protected and encrypted in the user's browser and password.
How to Make a Crypto Wallet
If you are interested, here is an easy way to create a MetaMask Wallet account. Let's see the steps below!
- Download and Install MetaMask Wallet.
- Go to Main Page in app.
- Select Get Started.
- For new account registration, click Create a Wallet and I Agree.
- Enter password.
- Repeat the password.
- Click the Term of Use tick and select Create.
- Input the secret seed phrase in the Secret Recovery Phrase page.
- Save your phrase seed in a safe place so you don't forget it.
- Select Next.
- Input the seed phrase that you just input.
- Your MetaMask account has been created.
You need to remember the 12 phrase seed phrases earlier in order to provide access to crypto wallets on various platforms.
Therefore, save the phrase seed and don't lose it. If you lose the phrase seed, then you cannot access the crypto wallet again.
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