MetaMask®_Wallet
Last updated
Last updated
Ethereum wallets are very different from Bitcoin wallets. While Bitcoin wallets are mostly focused on helping users securely store their bitcoin for long periods of time, Ethereum wallets are more like browsers than anything else. These wallets are portals into the ecosystem of decentralized applications built on top of the Ethereum blockchain, so they oftentimes look more like an app store than a cryptocurrency wallet. MetaMask is the most widely-used when it comes to Ethereum. Check out our MetaMask review below to learn how to works in your browser or on mobile.
CRYPTOVANTAGE STAFF|AUG 11, 2022
WHAT’S ON THIS PAGE
MetaMask Pros & Cons
MetaMask at a Glance
Beginner Perspective of MetaMask
Cryptocurrencies Supported
MetaMask Frequently Asked Questions
User interface is easy for beginners to grasp
Portal into a variety of Ethereum dapps
Hardware wallet integrations
Available on mobile and as a browser extension
CRYPTOCURRENCIES Thousands (Any Ethereum or other EVM-compatible blockchain token)COST Free to downloadVISIT METAMASK
Large user base of over 1 million monthly active users
Launched in 2016
User interface is easy for beginners to grasp
Portal into a variety of Ethereum dapps
Hardware wallet integrations
Available on mobile and as a browser extension
Somewhat confusing interface
Uses Infura as the default backend
Limited options for purchasing cryptocurrency from the wallet in some countries
Has faced issues with phishing attacks in the past
No native support for Bitcoin
WALLET TYPESoftwareCRYPTOCURRENCIESThousands (Any Ethereum or other EVM-compatible blockchain token)PRICEFree to downloadSIZE OF APP47 MBRELEASED2016PIN CODE PROTECTEDYesFREQUENCY OF UPDATESMediumTRUST RATINGHigh
Until somewhat recently, there wasn’t really much of a reason to use a non-custodial Ethereum wallet. Most of the hype around this blockchain network has been around the potential for the platform to eventually be useful for advanced smart contracts, but that ultimately culminated in the 2017 bubble in initial coin offerings (ICOs). Back then, most people were usually trading ETH on exchanges or gambling on various ERC-20 tokens that has just been launched in the hopes of making a lot of money quickly. Nowadays, we’re entering the age of decentralized finance (DeFi), and more people are becoming interested in taking full custody of their coins and playing around with a variety of DeFi apps.
