Is Metamask a good crypto wallet?

As cryptocurrencies are getting hugely popular with each passing day, the need for a reliable and safe crypto wallet is increasingly being felt, which also accepts various cryptocurrencies and has practical uses.

Hence comes Metamask crypto wallet in the picture.

Related Read: Best 20 cryptocurrency wallets worldwide

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What is a Metamask wallet?

Launched in 2016, Metamask is one of the most popular and established crypto wallets across the globe that connects to the Ethereum blockchain and boasts having over 21 million users worldwide.

Must Read: Which are the best crypto wallets in New Zealand?

Further, its users get access to the vast Ethereum ecosystem, thus allowing their way to decentralised exchanges (DEX), various gaming platforms, sites and many other applications.

Moreover, since Metamask wallet accepts a host of cryptocurrencies, it is hugely popular among casino players.

Which tokens are supported by Metamask wallet?

One of the best things about this wallet is that apart from supporting Ethereum and ETH-based tokens, Metamask also supports NFTs, collectibles, and other digital assets that are issued on the Ethereum blockchain.

It is noted that NFTs like CryptoPunks and Bored Ape Yacht Club can be viewed directly by mobile users of MetaMask wallet.

Moreover, other blockchain-based coins are also supported by Metamask. Some of the prominent ones are Tether, USDC, Basic Attention Token, Yearn Finance, Augur, Compound, and more.

However, Bitcoin is not supported by this wallet.

Which are the competitors to Metamask wallet?

Some of the most prominent competitors to Metamask wallet are as follows- Coinbase Wallet, Exodus, XDefi, Trust Wallet, MyEtherWallet, and Hyperledger.

A Quick Read: Facebook’s Novi: 8 things you need to know about the crypto wallet

Is Metamask wallet safe?

One of the most notable features of this wallet is its outstanding encryption technology, which safely stores the wallet holder’s passwords and private keys in the user’s device and not on any remote servers.

Interesting Read: Some useful qualities you should find in a crypto wallet!

Also, its users can switch and connect with multiple wallets, including the Binance Smart Chain mainnet.

Moreover, Metamask has shown to be successful in preventing hacking into its wallets and related attacks.

Bottom Line

The team behind Metamask wallet is constantly working to transform the internet as well as the world economy through democratising access to the decentralised web so that more and more users get connected to it.

This news is republished from another source. You can check the original article here.

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