Metamask Wallet: The Crypto Wallet for Defi
MetaMask wallet- The best non-custodial ETH wallet
When it comes to the safe storage of crypto assets, one should always put his trust in something that is reliable, secure, and popular. And, specifically talking about storing ETH-based crypto wallets, it should be noted that the platform lets you take an active part in the storage of such crypto assets. However, those who are not familiar with the usage of this wallet should refer to the details that I am going to furnish in the sections below.
But, before we head to another topic, it is important to know what actually is a MetaMask wallet. So, let's find that out.
What is MetaMask wallet- let's take a look
Being a beginner in the field of crypto trading, you might not be aware of the fact that whenever you buy a crypto token through an exchange, it remains in the public blockchain and is not much secure. However, to make it more private and ensure its self-custody, you must transfer your crypto assets to a safe wallet.
Hence, if you are planning to invest in Ethereum-based crypto assets, then you must look for a wallet that ensures its safety beforehand. In that context, the MetaMask wallet could be your best companion because this wallet is built with high-end security and top-notch technology to safeguard your assets from hacking.
Being a non-custodial wallet, only you have access to this wallet or the funds you have transferred into it. Hence, you should surely give this wallet a try and then you'll get to know how safe and efficient it is.
Why should you use a MetaMask wallet?
Well, you must be getting a few thoughts in your mind regarding the usage of this wallet or you might be thinking why should you pick this wallet in the first place? So, here I am with some explanatory points that would show you why should you give this wallet a try:
Easy to understand with a simple and user-friendly layout
You cannot only use this wallet for crypto storage but also for staking and holding crypto assets
The wallet works best for storing ETH-based crypto tokens
And guess what, MetaMask wallet is also considered a central hub for decentralized apps
Using this wallet is completely free of cost but you need to pay a gas fee for transacting
Although they don't offer round-the-clock customer support, the users can still seek assistance via email, its help page, and by raising the support ticket
How to install the MetaMask wallet on your device?
Now if you are satisfied with the services it offers to you and you wish to get started with using its features, then you can follow the steps that are explained in this section. The wallet is available as a web browser extension and a mobile-friendly application. The extension can be installed on browsers like Chrome, Brave, Edge, Opera, and Firefox. Meanwhile, the mobile app can be installed on iOS and Android devices. Now, let's take a look at the steps:
Adding the extension-
From one of the stated browsers, visit https://metamask.io/
When your browser is detected, you will see a direct download option for the same
Else, manually click on the "Download" button to proceed
Choose your browser icon from the available options
Select the option to "Install" it and follow the remaining prompts.
Installing the mobile app-
From a browser on your mobile, visit the metamask.io website
Again, select the "Download" button given there
Choose between Android or iOS options
When on the download page, select the "Install" or "Get" option
Wait for the installation to finish and you are done.
How to set up a MetaMask wallet as a beginner?
Wallet creation on MetaMask is pretty easy and does not require you to go through a complicated procedure. So, if you are a beginner in this field and you wish to know the exact procedure of doing so, then you can follow the steps explained below in detail:
Initiate the setup by opening the wallet software file on your PC or mobile
After that, you need to select the "Get Started" button present on the home screen
Followed by that, pick the option to Create a wallet (as you are a new user)
Choose whether you wish to share analytics with MetaMask or not
After making your decision, you can definitely step ahead and create a new password
Once done with MetaMask login password creation, agree to their terms of use and select "Create"
On the following page, you will be shown a set of 12 words
This shall act as the secret recovery phrase of your MetaMask wallet Extension
Now, select the option to reveal the secret recovery phrase
After creating a backup of the secret recovery phrase, your wallet is ready for use.
How to restore a MetaMask wallet?
Did you lose access to your wallet because of the forgotten wallet login password or do you wish to access your wallet on a new device? In both cases, you can back up or restore your wallet by following some easy steps as explained below:
Download and open the MetaMask wallet file on your device
After that, on your homepage, select the "Get Started" option
When on the new page, select the "Import Wallet" option
On the resulting screen, provide your secret recovery phrase details
Set up a new MetaMask login password and you're good to go
Concluding Thoughts:
Do you wish to be a part of the metaverse economy? If that is the case, you cannot go without setting up a crypto wallet because this crypto wallet lets you access all your Web3 assets without hampering their security. Hence, if you are wondering which wallet you should put your trust in, then I would advise you to pick the MetaMask wallet for the same and you'll surely love how it helps you explore the Web3 world with ease.