Metamask - an overview of a cryptocurrency wallet in the form of a browser extension

Metamask - an overview of a cryptocurrency wallet in the form of a browser extension
Table of Contents

Description

One of the most popular cryptocurrency wallets today is Metamask. This wallet will primarily be useful for those who plan to store and trade cryptocurrencies based on Ethereum or within the Binance Smart Chain (BSC) network.

We have prepared a review of the decentralized cryptocurrency wallet Metamask, in which we will provide information about the application, how to install it, and how to use it.

Metamask Website

About the Metamask Cryptocurrency Wallet

Metamask is a decentralized cryptocurrency wallet designed for storing, transferring, or receiving tokens on any network based on Ethereum: Binance Smart Chain, Polygon, Harmony, and more.

Metamask wallet was created in 2016 as a browser extension and initially supported only the Ethereum network. Now, the wallet can support ERC-20, BEP-2, and BEP-20 networks as well. In September 2020, the wallet also became available as a mobile application for Android and iOS. It is compatible with browsers such as Google Chrome, Firefox, Edge, and Brave.

One of the key advantages is that this wallet is non-custodial. What does that mean? It means that Metamask generates keys and passwords directly on the user's device and does not even transmit them to developers, let alone third parties. The user has complete control over their assets because encryption occurs within the application itself.

Instructions for Using Metamask

We have prepared a set of instructions for installing and using the Metamask cryptocurrency wallet for a quick start.

Note: To pay fees on the Binance Smart Chain (BSC) network, you will need BNB, so don't forget to replenish your balance with some of this coin.

  • Installing the Extension in Google Chrome
  • Creating an Account in the Metamask Extension
  • How to Connect the Binance Smart Chain (BSC) to Metamask
  • How to Add a Token to Metamask #1
  • How to Add a Token to Metamask #2
  • How to Top Up Your Metamask Wallet Using Bestchange.ru Exchange Monitors

Conclusion

Metamask is one of the most popular cryptocurrency wallets on the decentralized application market. You can find it on almost every DEX exchange that supports ERC-20, BEP-20, or Polygon networks.

The wallet has a simple, user-friendly interface along with great functionality.

The application is completely free. You can install it as a browser extension for Google Chrome, Firefox, Edge, and Brave, and the wallet is also available as a mobile app for Android and iOS operating systems.

Anonymity and security are high, but if you lose your seed phrase, you can say goodbye to your funds, so treat its storage responsibly.

Share in the comments: Have you used the Metamask cryptocurrency wallet? Share your experiences with our partners.

We hope this article has been helpful to you. Wishing you all successful and profitable investments!

Metamask Website

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