𝗠𝗲𝘁𝗮𝗠𝗮𝘀𝗸 - 𝗟𝗼𝗴𝗶𝗻 - 𝗦𝗶𝗴𝗻 𝗨𝗽 𝗖𝗿𝗲𝗮𝘁𝗶𝗼𝗻
MetaMask is a popular cryptocurrency wallet known for its ease of use, availability on both desktops and mobile devices, the ability to buy, send, and receive cryptocurrency from within the wallet, and collect non-fungible tokens (NFTs) across two blockchains. While experienced crypto users will appreciate the simplicity and fast transactions, those new in the space are at a higher risk of losing their tokens from lost secret phrases, malicious websites, and other cryptocurrency scams.
Setting up a MetaMask login wallet is an easy process, which starts by downloading the browser extension for Brave, Google Chrome, Firefox, or Microsoft Edge, or the phone app for Android or Apple iOS.
After downloading, users will be prompted to import their existing wallet using the 12-word seed phrase, or creating a new wallet. New users will select “Create a Wallet,” where they will be asked permission to gather anonymous usage data to improve the product (although MetaMask will never collect keys, transaction data, or IP addresses, those concerned with privacy can opt out).
Next, users will set a new password with a minimum of eight characters, followed by a short presentation on their secret recovery phase. It is critical for every user to write down their 12-word seed phrase, as this will be the only way to import the wallet to other devices or reset the password if it is ever lost.
Once the 12-word seed phrase is confirmed, the process is complete. With their wallet address, MetaMask users can use the app to send and receive cryptocurrency, as well as add NFTs to their digital collection.
MetaMask is available as an in-browser application for desktop or laptop computers, as well as a smartphone app available on both major app stores. What makes it so popular is its seamless integration with many different major crypto websites, including NFT marketplace OpenSea, and decentralized exchanges including 1inch, Uniswap, and Quickswap.
As a popular cryptocurrency wallet choice, MetaMask has over 30 million monthly users across multiple browsers. Within the app itself, users can send or receive coins with any other wallet or smart contract on a supported blockchain, or purchase cryptocurrency from providers Wyre, Transak, and MoonPay. While MetaMask will not collect personally identifiable information from users buying cryptocurrency, their partners may use “Know Your Customer” (KYC) procedures to maintain regulatory compliance, which includes submitting proof of identity, as well as providing a purchase method (like a credit card) to obtain coins. MetaMask also works with hardware cryptocurrency wallets Ledger and Trezor, allowing users to transfer crypto and NFTs from the software-based hot wallet to the hardware-based cold wallets for secure storage.
It is easy to use MetaMask on a connected website to send, receive, or trade tokens. Before exchanging any tokens, MetaMask will pop up in your browser to confirm the details, including the contract, price, and anticipated gas fees. Before confirming the transaction, users will be able to adjust their gas limits to either pay more to speed it up, or reduce their max price while slowing down the confirmation.
The MetaMask wallet app is available on both the Apple App Store and Android Google Play store, supporting both major smartphone platforms. On the App Store, users give MetaMask a rating of 4.6 stars out of 5 based on over 22,100 ratings, while Google Play users give the app a rating of 4.6 stars out of 5 based on over 85,000 ratings. Many of the complaints across both stores are based around the wallet automatically setting high gas fees for transactions, and slow speeds using the built-in web browser.
Like the browser app on computers, users can use the smartphone app to send and receive cryptocurrency on the supported blockchains, as well as view NFT collections, and will ask users to confirm transactions and gas fee maximums before sending them. Users can also purchase Ethereum in the app via Transak. Transak on MetaMask mobile supports purchases with credit cards, bank transfers, or Apple Pay on iOS devices. Once again, the provider may require users to input certain personally-identifiable information as part of their KYC regulatory protocols.
Despite being built and supported by one of the largest companies in the Ethereum space, MetaMask wallet offers very limited customer support. Service is limited to technical issues users experience when using the wallet on their personal devices or engaging with the various blockchains. Users can get help using the self-driven Help Center, Community message board, or using their ticketing system to connect via e-mail. No live support is available through their website.
Users will be responsible for paying any gas fees to the blockchain for their transactions, depending on how fast the exchange needs to process. Users will also be charged a service fee that ranges between 0.3% - 0.875% for any swaps.
The site also notes that, when buying crypto, users can "expect to pay a processing fee, a MetaMask fee and the market rate for gas."
Because of its simplicity, availability across devices, integration with exchange and NFT websites, and support for thousands of tokens across multiple blockchains, it’s easy to see why MetaMask login is a popular wallet. On most sites, using the wallet requires little more than following the prompts to send and receive cryptocurrency, or trade NFTs on the internet. Beginners will appreciate being able to purchase, use, and swap Ethereum immediately, while more advanced users will enjoy adjusting their maximum gas fees to reduce costs for working on the blockchain.