MetaMask is a special plugin for internet browsers. It is famous for using the ERC20 standard. This allows you to transact not only with Ethereum, but also with Ethereum smart contract tokens (e.g. Ins, Bankex, WePower, Republic Protocol).

This wallet does not collect your personal information. But your browser does. Since you’ll need a browser to use the plugin, MetaMask is hardly anonymous. According to buidlbee, MetaMask collects information about users’ IP addresses, but this can be avoided.

And today we have prepared a tutorial for you on how to use this wallet if you have never heard of it, but want to try it.

Basic info

MetaMask is a browser-based storage where you can store, transfer and exchange not only Ethereum, but also a huge number of ERC20 tokens.

Popular browsers include Chrome, Opera, Firefox, and the recently launched Brave platform.

General characteristics

With MetaMask, users have access to the following operations:

• Storage and transfer of digital tokens that exist in the Ethereum blockchain network;
• Use of smart contracts and decentralized applications (DApps);
• Have access to cryptocurrency exchanges and DeFi services – decentralized finance through which traders can build credit relationships with digital funds.

Registration procedure

1. After we have downloaded the MetaMask browser wallet, we proceed to direct registration;
2. Click on the wallet logo that appears, then check the boxes and agree to the proposed rules and offer;
3. Next, we come up with a complex password, consisting of combinations of 8 values, and click on the Create button;
4. When registering, an interesting feature of the site will appear, this is the “technical behavior of the fox”, which will rotate its head from the movement of your mouse;
5. When you confirm your password, you will receive 12 code words to use in the future if you lose control of the service.

Operations to replenish the MetaMask wallet

1. To top up with ether or other digital coins, you must provide the address to the sender. This can be easily done by clicking “Copy address”;
2. When the address is copied, inform the sender;
3. The wallet status can always be checked in Etherscan. You can get there by clicking View Etherscan Account in your account menu. All your transactions that have ever been made to you will be reflected here.

How to replenish with tokens?

• If you want to add the desired coin to the wallet, you should click “Add Token”;
• Replenishment occurs in two ways when using the search from the list of tokens or by adding a custom token. The first method is very simple, you just need to enter a name, then select the one you want and click the “Next” button;
• To use the “User Token” method, you should enter the address of the smart contract;
• After a successful operation to add tokens, it will be easy for you to find out their number on the main panel, and they will be available for exchange or other operations.

The main thing to keep in mind is that for all the added tokens you will have one wallet number – it is displayed at the top of the extension.

Ease of use of MetaMask

Working with this wallet is very convenient and simple, thanks to its intuitive interface. If you are using MetaMask for the first time, then you can easily familiarize yourself with all the functions and capabilities by spending quite a bit of time studying. And since the service supports 18 languages, almost any user from all over the world can easily use it.

Flaws

In addition to the huge benefits, there are several disadvantages of working with this wallet. One of them is that the plugin does not work in all browsers – the extension can only be installed in Chrome, Firefox, Brave, Edge.

MetaMask has a high level of security and this is an undeniable advantage, but the possibility that various fraudulent applications can imitate wallet pop-ups cannot be ruled out. Therefore, the user needs to be very careful and not forget that the safety of your funds is in your hands.

Conclusion

We hope that our tips and instructions will help you quickly and easily understand MetaMask and you will be able to use it without any problems.