If you love the cryptocurrency world then you are not new to wallets. They are the easiest way to access hundreds of cryptocurrencies while also being able to consistently buy one. One such cryptocurrency wallet is Metamask Chrome Extension.
Let us learn more about them.
What is Metamask Chrome Extension?
Founded in 2016 by ConsenSys Software Inc., MetaMask is a cryptocurrency wallet. MetaMask is mainly used to interact with the Ethereum Blockchain.
MetaMask allows its users to access the Ethereum wallet through a free-to-use browser extension as well as a mobile app that lets you access the Web3 ecosystem of decentralized applications (dapps).
Features of MetaMask
With MetaMask you can swap tokens anytime and anywhere. Whether it’s from your desktop or mobile, MetaMask has made it easy for you.
Why is Metamask a great choice?
If you are tired of apps and websites accessing your private information, or any information you have not consented to then MetaMask is the right choice for you.
MetaMask works on a privacy-first basis where you can access, swap, and store to mend without having to ever worry about your privacy being accessed or misused.
Benefits of Swapping with MetaMask
- Provides great prices every time
- With MetaMask you get a low gas cost which is light on your pocket.
- Tired of approving things over and over again?
Well with MetaMask you don’t have to. You only have to approve things once to access them.
Isn’t it lovely? Think about the time it saves you.
- MetaMask provides you with slippage protection that reduces the impact on the final price while swapping large prices.
Buying cryptocurrency with MetaMask
MetaMask has made buying cryptocurrency a piece of cake with its amazing services. With MetaMask you can browse and buy cryptocurrencies such as Ethereum, Polygon, Binance Smart Chain, Avalanche, Fantom, and Celo with just one click.
Payment methods that MetaMask supports
- Card payments – Visa and MasterCard.
- Mobile payments – Apple Pay, Google Pay, and Samsung Pay.
- Bank transfer – ACH transfer in the USA and SEPA in Europe.
MetaMask’s global partners include companies such as Transak, Wyre, and MoonPay.
Some Amazing Benefits you get with buying cryptocurrency from MetaMask:
- Privacy Protection
Any personal or non-personal information that you share with Metamask will not be shared
with anyone, not even MetaMask themselves.
Your privacy will be in great hands so that you can relax while you make amazing purchases.
- Freedom of owning your cryptocurrency
Once you buy a cryptocurrency, you are free to use it as neither MetaMask nor its Partners
will have any access to it.
- Vetted partners
All the partners of MetaMask are genuine as all their partners go through an evaluation to
make sure they are liable and genuine.
- Accessibility and Convenience
The convenience factor on MetaMask is unbeatable.
You can buy your favorite cryptocurrency easily through their vetted partners.
Now that we’ve got the basic stuff covered.
Let’s dive deep and learn more of the important stuff.
How to set up Metamask Chrome Extension
- This is the most important step. Without it, you can’t do anything. It is…
Download the app.
Yes, pretty important, right? Told you!
- Once it is downloaded you will see the option to either import an existing wallet or create a
Assuming you are new to MetaMask, go ahead and click on click on create wallet.
You’ll have to agree to some T&C and then create a password.
- Once that’s done you are good to go.
You can now change the currency conversion to your country and also choose a
cryptocurrency you like to be the primary currency.
Just the basic stuff.
Now you can customize your account as per your liking.
Let`s get to the most important question.
Is Metamask chrome extension safe to use?
Well… the answer is yes and no.
MetaMask provides great services and satisfied its customers with all these tears. While MetaMask is safe and you can trust MetaMask, one can not say the same about people who use metamask.
While MetaMask itself is not a scam, you can get scammed in there. An example. In 2020, a lot of people started complaining that they were getting scammed by MetaMask, that metamask is fake and just a scam browser.
Users said that once they added their crypto it won’t show up in the wallet. And that they were losing their money. Well, turns out this was a case of Phishing.
The browser these users were using was fake and made to take their information and scam them. There hasn’t been a solid real complaint against MetaMask.
So in conclusion we can say that MetaMask is completely safe to use. But just to make sure you can avoid these kinds of scams make sure to use these precautions.
Only download the browser extension or dapp from the official website. If someone sends you a link, don’t just open it and create an account giving away every sensitive information they need.
ONLY USE THE OFFICIAL WEBSITE.
Don’t go wandering around elsewhere.
Make sure to never share your personal information or passwords with anyone. If you implement these two things, you’ll be free from scams. That was everything you needed to know about MetaMask. Are you interested in investing in the world of cryptocurrency with MetaMask