Metamask Wallet: Generally and Features!
The Meta Mask wallet is considered the gold standard for Ethereum wallets and is easy to use as a browser add-on and for smartphones. But how secure can a wallet like Meta Mask be compared to hardware wallets or other cold storage solutions? How easy is the digital wallet to use and what else should users pay attention to before choosing the Meta Mask Wallet?
What is the Metamask wallet?
Meta Mask is an open source wallet for Ethereum that has been on the market since 2014. The wallet is available as a browser add-on for Google Chrome, Firefox, Edge and Brave as well as for iOS and Android. In addition to the storage and management of tokens based on Ethereum, advanced functions such as staking or access to decentralized exchanges (DEX) are easily possible even for beginners.
With Meta Mask it is easily possible to store, send and exchange tokens with each other. Swaps give Meta Mask users the cheapest prices available on the market at the time of trading - and with a relatively low transaction fee of up to 0.875% of the trading volume. At the same time, Meta Mask prides itself on offering the safest and at the same time simplest service, so that users can easily use other blockchain-based decentralized applications (dApps) - even without prior knowledge.
Therefore, the provider describes itself as a "crypto wallet and gateway to blockchain apps": Here, users are provided with a large selection of innovative and decentralized apps. In concrete terms, this means that Meta Mask is more than just a standard wallet. The functionality of Meta Mask can therefore be roughly divided into three areas:
- ◼ Ethereum wallet for storing, sending, receiving and swapping tokens
- ◼ A means to access innovative dApps
- ◼ An app that delivers more security and anonymity
What are the specifics of Metamask?
Compatibility
The Meta Mask wallet is now available cross-platform for a number of browsers and operating systems. Desktop users are spoiled for choice with browser add-ons for Metamask Firefox, Google Chrome, Edge, and Brave, while mobile users can download the MetaMask Wallet for iOS and Android. Of course, it is also possible to connect the user account to several apps and browsers, so that the account can be conveniently accessed from home or on the go and users always have a full overview.
User friendliness
Meta Mask is an advanced wallet that offers users a whole range of functions that at first glance may sound daunting, especially for newcomers. However, this is unjustified as Meta Mask has a fast learning curve and users are taken by the hand from the start and guided through the registration and subsequent administration process. In terms of user-friendliness, there is little to complain about.
Customer support
Who should you contact if you are looking for help? Meta Mask has set up a variety of different options here. First of all, users can make use of the extensive FAQ area, which already answers most questions about the wallet in detail. If this is not enough, there is also the MetaMask Docs, a kind of Wikipedia about the provider.
Of course, it is also possible to get in touch with the provider or even with the community. A registration form or a community forum is available to users here. Even if these options are plentiful, we would still have liked to be able to reach a direct contact person either via a telephone hotline or a live chat.
Security
Metamask has established high security standards that make it one of the best hot wallets. The provider ConsenSys ensures, for example, that the seed phrase, the passwords and the private keys are encrypted and only stored on the end device. Furthermore, other security features such as fingerprint or face recognition have been introduced, which make unauthorized access significantly more difficult.
Of course, in the end it is up to each user to protect their own account in the best possible way. As with bank accounts, it is important not to pass on data such as seed phrases or passwords to third parties and to keep the seed phrase in a place only accessible to the user. This means that everyone can contribute to making their own account as secure as possible.
Customer Service
Support Customer Service ICONDuring our test, we took a close look at the Metamask customer service, as wallets in particular are notorious for not always providing the best customer service. To say it in advance: Metamask customer service is friendly, competent and responded promptly to all inquiries we made. However, there are also some limitations, which we will discuss in more detail in this section.
First of all, there are several ways to learn about Metamask on your own before you even need to contact customer service. In addition to the extensive FAQ area, there is also the MetaMask Docs, a kind of Wikipedia for the provider, in which interested parties can go into more detail and find out everything worth knowing about the provider. Another alternative is to search for the respective answer in the community forum.
Conclusion
Metamask delivers what it promises. With the wallet, even beginners can store, send, receive and easily swap their tokens. In addition, users can also quickly and easily access other innovative dApps - and all without endangering their own security and anonymity. We tested Metamask for several months and are thrilled! We can therefore unreservedly recommend the Meta Mask wallet to professionals due to the rich features as well as to beginners due to the intuitive user interface.