MetaMask®_Wallet

MetaMask Review: The Best Way to Interact with the Ethereum Ecosystem?

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

MetaMask Logo

MetaMask Wallet

  • 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

MetaMask Pros & Cons

Pros

  • 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

Cons

  • 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

MetaMask at a Glance

WALLET TYPESoftwareCRYPTOCURRENCIESThousands (Any Ethereum or other EVM-compatible blockchain token)PRICEFree to downloadSIZE OF APP47 MBRELEASED2016PIN CODE PROTECTEDYesFREQUENCY OF UPDATESMediumTRUST RATINGHigh

Beginner Perspective of MetaMask

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.

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