Most modern blockchain projects are somehow associated with the Ethereum cryptocurrency. Therefore, storing ETH coins and tokens created on the ERC20 protocol should be taken seriously. We have already reviewed the best wallets to store ETH, today it's the turn of the metamask wallet.
What is metamask wallet and how does it work?
Good, MetaMask Wallet – acts as an extension for various Internet browsers (Chrome, Opera, Brave browser and Firefox or Mozilla), with which, after registration, the user can store, receive and send payments in ERC20 tokens from Ethereum.
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Metamask is currently one of the three most popular ether wallets where you can store tokens on the ERC20 protocol. You can download the extension for your browser from the official website metamask.io here .
How to use Metamask
Before you start using the Metamask wallet, you need to install it on your browser. To do this, download the version of the wallet specifically for the browser you use from the official website. metamask.io. In our case, we downloaded the Metamask extension for Google Chrome.
After clicking on the required version, a window will open in which you will need to install the Metamask browser extension, the installation of this extension takes less than 1 minute, at the end of the installation you will see the appearance of the icon in the upper right corner of the browser, which is the wallet logo.
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By clicking on this icon, you will need to agree to the terms and conditions of use of the feature. To do this, click Accept and you will be redirected to the login page.
Since the ETH cryptocurrency blockchain is the same as the one used by MetaMask, you can access existing accounts. To do this, click Export existing DEN and enter your private key, which each user receives when registering an ETH address.
If, however, you do not have an Ethereum wallet, create a new one. Create a complex password containing at least 8 characters, repeat it and click CREATE. After that, the Metamask wallet will generate a passphrase that you will need to rewrite and save in a safe place, once you save the given passphrase, click “I have copied it somewhere safe” and you will be resized to your account.
Metamask Wallet Functionality:
MetaMask wallet is very easy to use, if you have experience with cryptocurrency wallets then you will have no problems with MetaMask Wallet.
Let's break down each tab:
– “…” (three horizontal dots) – in this tab, you will get detailed information about your wallet, see the resource QR code and also download the private key;
– “BUY”, “SEND” – with the help of these buttons you can buy ethereum from popular sources (Coinbase, ShapeShift), as well as send coins or tokens;
– three horizontal bars – located in the upper right corner, with their help you can log out of Metamask, as well as configure your Metamask wallet;
– Tokens– in this tab you will see the number of tokens in the account;
– ADD Token – if a token is not displayed on the balance, you will need to add it manually. To do this, the main thing to fill in is the token contract address and its ticker. Then click “Add” and it will be displayed on your balance.
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Conclusion: Is MetaMask safe?
Made by a team of professionals, MetaMask is one of the safest and most reliable innovative extension or wallet, one of the simplest and most convenient resources for storing ethereum and its ERC20 tokens, a strong competitor to the wallet MyEtherWallet that is really worth trying.
Download the extension for your browser at metamask.io official website here start using it and see for yourself