MetàMask Lògin – A crypto wallet & gateway to blockchain apps

MetàMask Lògin – A crypto wallet & gateway to blockchain apps

What is MetàMask Login?

MetaMask is a crypto wallet that can store, receive, send, transaction and swap Ethereum and
Ethereum-based tokens & also access Dapps ( Decentralized Applications).

It is available as a mobile app and as a browser extension that is compatible with Google
Chrome, Edge, Firefox and Brave browsers.

MetaMask was developed in 2016 by a blockchain software technology company called
ConsenSys.

How does MetaMask make money

MetaMask makes money by charging swap fees which accounts for the majority of its revenue.
They charge management fees on MetàMask Login institutional accounts and also make money
from the sales of merchandise such as hoodies, caps, T-shirts etc from their online store.

Uses of MetaMask

● Used to send and receive cryptocurrency.

● Stores cryptocurrency

● Buying and selling NFTs

● For interacting with Dapps

● Used for playing blockchain games

● Also used to swap Tokens

Pros of MetàMask Login

● Beginner-friendly Interface: The MetaMask interface is neat and simple to understand
especially for beginners.

● Open-Source: This means that MetaMask code is not custodial and is free and easy to
access. The MetaMask code can be audited, inspected and improved upon by anyone.

● Customer Support: Customer support service is available to assist users and resolve
any issue they might be facing.

● Crypto-Purchase: Anyone can buy ETH and ETH-based tokens directly from the
MetaMask application.

● Locally Stored Private-keys: Unlike some wallet providers, MetaMask does not store
keys on their servers. The public and private keys are stored on the user’s web browser.
Suppose you ever hear that MetaMask has been hacked (although it has never
happened before), you won’t be bothered because your keys are not stored on the
MetaMask servers.

● Automatic Backup: If ever you lose the access details to your account, you can use the
12 word recovery phrase given to you by MetaMask to gain automatic access to the
MetaMask wallet.

Cons of MetaMask

● Online Attacks: Since MetàMask Login is a digital wallet, then users are always at the risk of
a wallet hack.

● Browser Data Gathering: Even though MetaMask does not gather any from it’s users,
the web browser might. Although the browsers do not have access to the public and private keys, they may be
collecting data about how and when you interact with the MetaMask browser extension.

● Limited to Ethereum and Ethereum-based Tokens: A major downside to using the
MetaMask wallet is that it is limited to only ETH and ETH-Based tokens. Unlike some
other crypto wallets that accept a wider variety of cryptocurrencies and tokens.

Is MetaMask Safe?

Metamask is very secure and has never been hacked, but a lot of wallets get hacked due to poor security measures on the part of the users.

MetaMask Safety Tips

● Avoid sharing your 12-word secret recovery phrase.

● Don’t ever input your private key or secret recovery phrase into any website.

● Be cautious of clone websites of MetaMask. The official address is https://MetaMask.io/

● Never import a private key given to you by someone else into your wallet.

● Remember to disconnect your wallet from any website, when you’re done using it.

● Try to use a strong password which could include uppercase & lowercase letters,
numbers, symbols.

FAQS

Does MetaMask have fees?

MetaMask charges a 0.875% service fee on every transaction.

How to buy wakanda inu on MetaMask

● Fund your MetaMask wallet with BNB

● Visit the official MetaMask Login. In the upper right hand corner, click “Buy.” and you’ll be diverted to PancakeSwap.

● Click “Connect Wallet” in the upper right corner and select “MetaMask” You will be able
to link your MetaMask wallet address here.

● Return to the page and enter how much WKD you would want to buy in the “Swap”
section.

● Set your slippage rate to 1% by selecting the “Settings” icon.

● Return to the swap section and put a “.00” after the WKD value you’re purchasing.

● Select “Swap Balance” from the drop-down menu.

● Go to your MetaMask wallet and select “Import Tokens.”

● Insert the WKD contract address, then click “Add Token” and afterwards “Import Token.”
And the task is completed.

Conclusion

Above all, if you can afford it, ensure that you connect your MetaMask wallet to a hardware wallet.
This is because hardware wallets are physical devices which saves your private key offline,
keeping you safe from hackers. MetaMask currently supports Trezor and Ledger Nano S wallets.