Cryptocurrencies are very popular nowadays, and millions of people are currently investing in different coins all around the world. The prediction for this market is that more and more people will gain interest in them and join in the next few years, which can result in a substantial change in the markets all over the world. And if you want to join too, then there is a first step that you need to take: choosing your wallet to save your cryptos in. But, what is a good option? How do we know what to use?
In this post we are going to talk about Metamask and why choosing this platform as your wallet. You can find it as an app too, which means that you can easily access and manage all your financial information from your smartphone. Millions are already using this app and most people, including experts, use this platform to buy, sell, and save cryptos.
Is Metamask a good option?
One of the most frequently asked questions about this wallet is: is this a good option for a crypto wallet? Let’s keep in mind that there are a lot of options on the market, and some of them are extremely popular, like Binance or Coinbase. So, why should we prefer Metamask over these? Well, the answer is very simple, and we will divide it into two categories.
Easy management: no complications with extension
Not everybody that wants to jump into the crypto world is heavily knowledgable in it or its tools. One of the main key features of this app is that is very simple to use, intuitive, and understandable, highly appreciated characteristics for people that are not experts on the subject and that are only looking for a classic wallet.
Even though you can download the app and manage your account from your smartphone, you first need to install the desktop extension on your browser and create your account there. The extension is what people love the most, since they can have easy access from their navigator, quickly copy and paste information, and sell, buy or control the coins easily from there. No complications, you don’t have to open different pages or go through a lot of authentication processes.
A wallet that accepts most altcoins
The second factor that makes Metamask different from other wallets, and especially one factor that people love a lot, is that this wallet accepts many altcoins, even projects that are very recent. This doesn’t happen with Coinbase or Binance, which have a reduced catalog of cryptos that you can have, Coinbase being the most limited of them all.
Metamask is the go-to wallet and platform for people that are starting the crypto world with games and NFT, since the wallet accepts most tokens that are fairly recent projects. So, if you are investing in a game or a project that doesn’t have much time, it is probable that the developers recommend Metamask as their favorite wallet.
An extra feature that characterizes most crypto wallets but that is necessary to mention is that this platform is decentralized, which means that you can perform all transactions without having an institution or organization in the middle. All exchanges are made person to person, which gives us more control over our transaction and also a lower fee rate. Metamask is one of the wallets with lower fees, something that a lot of people take advantage of while using the app.
What can you do with Metamask?
This platform is not only a wallet, but also a browser. This means that you will be able to store and save all your cryptos in it, but also, you can buy, sell, exchange, and make payments easily through it. Since the wallet is very popular among games, NFT markets, and other sites, you can easily purchase things and pay with the app, transfer, spend, and more. But also, if you want to earn more and multiply your money, you can lend, borrow, play games, invest in rare art, and so on.
Something important with all wallets is to recognize that they are completely safe and transparent. With Metamask you can be sure that your data is safe, and there are already millions of people trusting in it too. Of course, part of safety is on users' hands, so the app offers secure login, a key vault, and control of what information you want to keep private.
Most people complete these tasks on the desktop version, but you can also do it on your smartphone. The app will synchronize all the information and show you all the changes, so you can manage easily all your finances. So, to download Metamask on your device, you just need to tap on the download button down below and this will redirect you to the app store to get this wallet easily.