In some ways, it’s even more pleasant to use on the narrower, more compact interface of a smartphone display, which has less empty space than the browser version.Īll the same features are present and accounted for: buying, sending and receiving assets, with the addition of browsing decentralized apps (dapps) like DEXs, decentralized finance (DeFi) apps, developer tools and more. MetaMask’s mobile app is available for iOS and Android devices, and is as slick and as easy to navigate as its browser and extension. That’s not necessarily a deal-breaker per se, but it’s one more potential point of failure to consider. Lastly, MetaMask communicates with the Ethereum ledger via a service called Infura, so it’s not directly in charge of keeping up to date with the Ethereum network itself. Be very careful when downloading extensions, and check that the URL you're using to download them is authentic. It's also worth bearing in mind that malicious browser extensions have been known to spoof MetaMask in order to lure unwary users into phishing attacks. Compared to a well-hidden hardware wallet, which is invulnerable to online attacks, this could pose a risk for the very security-conscious. The fact that it’s connected to the Internet means that it’s vulnerable to hacks and attacks. While browsers can’t access your private keys, privacy-focused crypto enthusiasts will feel downright dirty using a wallet on browsers made by the likes of Google and Mozilla-two companies which don’t exactly have the best reputation when it comes to users and their data.Īnother key factor to consider is the fact that by its very nature, MetaMask is an online wallet. For starters, while MetaMask itself doesn’t have access to your information, your browser will. MetaMask is gloriously user-friendly, but it does have a few negatives worth considering. If that wasn’t enough, you’re also offered more protection against wild price swings during large swaps on a single exchange, as orders on MetaMask Swap are spread across multiple exchanges.ĭespite this powerful functionality, the process is as easy to use as the rest of the wallet. The end result is a simple process that only requires you to approve each token once, reducing time spent and gas fees in the process. A service fee of 0.875% is automatically thrown in, but it’s worth it. In other words, it ensures that MetaMask users always have access to the greatest liquidity and the largest selection of tokens, at the best prices. MetaMask’s Swap function does away with all of this hassle by requesting prices from all available aggregators. The downside to this, apart from the time sink, is that you might not always get the best prices for each trade, and users need to approve each token on each exchange, eating up gas costs. Before this was introduced, users would have to trawl through a bunch of different exchanges to compare prices and swap tokens. The fees might be steep to experienced traders, but it’s an insanely fast, easy and accessible way for first-timers to get a chunk of ETH which they can then trade for other tokens, with zero hassle.Īnother great yet easy to use MetaMask feature is its Swap functionality. Make sure ETH is your selected asset, hit buy, and you can purchase ETH with your card using a service called Wyre, without ever having to leave MetaMask and sign up to another exchange. If you’re starting from scratch, it’s incredibly easy to get started by topping your wallet up with ETH. Of course, this all assumes that you already have tokens in another wallet or an exchange that you want to receive. Opening the three-dot menu on the top right also shows you your wallet address and a QR code, for receiving cryptocurrency, while the menu above provides access to settings, the ability to import and create accounts, as well as connecting to compatible hardware wallets you may own. The main screen shows your list of assets (including your balance for each asset), along with buttons that let you send, receive or swap assets.Īn activity tab shows your recent transactions, while clicking your account at the top will copy your asset address to the clipboard. The MetaMask wallet is beautifully minimalist and pared-back, and utterly barren compared to the complex interfaces of crypto exchanges. MetaMask is open source, meaning its code is naked and available for all the world to see and access, and it’s proven to be a solid member of the Ethereum community, topping one million monthly active users, with just under 90,000 followers on Twitter. To learn more about our growth journey, check out our latest blog post □ #metamask #ethereum #web3 MetaMask has exceeded 1 Million Monthly Active Users! □We’re humbled to be supporting such a curious, vibrant and passionate community.
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