MetaMask® Wallet
Last updated
Last updated
MetaMask Wallet: a great way of crypto wealth management
Heard of an industry that witnessed people go rags to riches by making a correct investment decision and then organizing the funds effectively and efficiently.
If you are investing, the prime aim behind it is to increase your financial base. Let’s assume that you have taken a sound investment decision but don’t have the source to manage the fruits that you yield out of that.
If so, then you will end up losing all your wealth for a while.
So, picking up the best investment plan and then organizing it goes hand in hand. The same case is here with cryptocurrencies.
What you can do is make a smart move to optimize your valuable crypto funds with a reliable and secure MetaMask wallet.
In the following read, we will cover all the essential aspects of this wallet that will help a novice investor in crypto funds management.
Let’s start from the basics.
MetaMask is a non-custodial hot cryptocurrency wallet especially launched to store and manage crypto-related funds in the best possible manner. The wallet became popular for its simplicity and speedy transaction among experienced investors.
Available on both desktops and mobile devices, this wallet is compatible to buy, sell, or exchange cryptocurrencies. The lineament that makes it stand out from the other ones is that it works for the Ethereum and Ethereum –based tokens.
You might be now thinking how much does it cost to have a MetaMask wallet?
Calling spade a spade, getting this wallet is free from any kind of charge and can be set up in just a few minutes without revealing your identity. However, when you start to work with this wallet you have to pay a processing fee, service fee, a fee ranging on adopting different payment methods, etc.
To embark on anything, you’ll have to first set up the things that you are looking to work with. Setting up a MetaMask wallet is not an uphill task, which starts by getting the app on your relevant mobile devices. You also have the option to work via the web but for that, you’ll have to first install a supporting extension for the same.
Once you have downloaded the app, the next step is to register your identity with the platform. It offers you two options:
Import an existing wallet
Or, create a new wallet
If you are a new investor then start by creating a wallet. And if you are already holding a wallet then you can import it and start managing your wealth. Follow the further asked instructions as per the option selected by you.
All set up and you are eager to step into your wallet?
What you are waiting for, let’s move next to the login steps and access your account the way you want.
“Login” or “Sign In” are often used interchangeably. By login, you unlock the doors to manage and organize your crypto wealth easily and in no time. The most common way to get back into your related account is MetaMask login with a password.
After reaching the MetaMask login page, you’ll have to enter the sensitive key (password) to get into it. If you ever forgot your password, you can reset or create a new one by using your “Seed Recovery Phrase”.
On security grounds, it is advised to change the password at periodic intervals, to prevent your account from unauthorized access. Here are the steps on how to do it:
Go to the app and open it on your Android device
Tap on “Unlock” after entering your current password
Move to the sidebar and bang on three vertical lines
Go to “Security & Privacy”
Hit on the “Change Password” option
Create a new password and re-confirm the same
By following these steps in the correct order as mentioned, you’ll be able to change the password easily.
Does the MetaMask Wallet address play a vital role?
The wallet address is quite similar to your bank account number or you can even take an example of an email ID. As you need to have the email ID of the person to whom you wish to send the emails, similarly the user needs to have the wallet address of the investor he is about to make a payment from and vice-versa.
The wallet address will help you to transfer and receive funds securely without the risk of losing your funds. It should be noted that the MetaMask address remains the same for all networks in one account wherein every account has a distinct address.
Why download the MetaMask browser extension?
Extensions are an alternative way to get a clear picture of the crypto funds along with opening up ways to explore more. This is the simplest and yet the safest way to connect with blockchain-based applications. Moreover, it gives users the opportunity to explore decentralized finances and applications and helps them to interact with smart contracts.
You have to simply install any of your preferred available extensions supported by MetaMask. Some of the recognized browsers are as follows:
Chrome
Brave
Opera
Firefox
Edge
You can Install MetaMask Chrome extension. It is so because it is the most downloaded and reliable one that is currently available.
Final thoughts
You can set up your game in the crypto world by picking up the MetaMask wallet. The main key takeaways of this wallet are that it comes with a simple user interface and can be set up across devices. In addition to this, you can create multiple wallets within one app, without revealing your personal identity details.
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