I
f you participating in the crypto economy, you might have come across the term MetaMask Wallet once in a while. In this read, we will explore why we should go for MetaMask by acknowledging the major offerings of MetaMask. But before that, we will enlighten the MetaMask in essence so that as a novice trader, you can understand the usage of MetaMask.
Let me elaborate on MetaMask first
In order to understand the MetaMask, you need to be familiar with the crypto wallet. Initially, digital assets didn’t have much worth but ever since cryptocurrencies came into existence and gained popularity & value in the crypto economy, malicious activities also stepped into the market in form of cyber hacks, frauds and security breaches.
And, this is where digital wallets came into the scenario to protect the purchased funds from any kind of security breaches. MetaMask Wallet is also one of them which rolled out into the market to serve the best-in-class security features to protect all the ETH network-based coins. But, now this wallet is not only serving as a platform to store the digital keys safely but also offering numerous other amenities to help traders. We will discuss all the major offerings served by MetaMask in the very next section, head over with read.
Salient functionalities of MetaMask Wallet
Blockchain application connection: This open-source wallet permits you to access more than 2,700 dApps under a single platform as it serves as a bridge to transverse you to explore the decentralized economy. These dApps are secure enough to make use of because the central authority can’t intervene or access the decentralized apps as well as the data is spread across the multiple nodes, making it complex and next to impossible to hack.
Here are some of the majorly-used and needful dApps which are accessible through MetaMask.
Axie Infinity
Opensea
Uniswap
Gitcoin
AAVE
MakerDAO
Compound
Rarible
Token swaps: MetaMask also offers you to accomplish P2P swaps in a quite easy manner. Using this platform, you can swap the tokens with limit slippage in price and with lower costs without using any crypto exchange.
Cold crypto storage: If you are fine with storing your coins in a software-based online wallet, MetaMask enables you to store your assets in a cold wallet by interlinking it with MetaMask. There are so many compatible hardware wallets available which are compatible with MetaMask to link with including Lattice, AirGap Vault, Keystone, Ledger, and Trezor.
The Bottom Line!
In this read, I have elaborated enough details on MetaMask and its offerings to assist you in understanding how MetaMask can be a better-fit crypto wallet to store your coins safely and trade wisely. However, the offerings of MetaMask are not just what I have mentioned, there are many more needful and beneficial amenities you can access after opting for the MetaMask services. So, if you are also worried about the security of your purchased assets and looking for a go-to crypto wallet with high-end encryption, look no further than MetaMask. I can assure you that it can’t let you down but it is always advised to do your own thorough research before owning any crypto-related platform.