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Metamask - Is This the Best DeFi Wallet Out There?

cryptocurrency 2 months ago


Today we’re going to talk about what is arguably the most popular browser based cryptocurrency wallet, and that’s Metamask. We’ve mentioned metamask on this channel many times before when discussing decentralized applications and the DeFi ecosystem, but today we’re going to walk through everything you need to know to begin using it. Main Site: https://metamask.io Info on How to Connect to BSC: https://docs.binance.org/smart-chain/wallet/metamask.html Info on How to Connect to Polygon: https://medium.com/stakingbits/setting-up-metamask-for-polygon-matic-network-838058f6d844 🚀 Save money on every crypto trade you make with StormGain! Enjoy a onetime 0.1% trading fee with this link: https://go.beincrypto.com/get-low-comissions We’ll explain what metamask really is, talk about how to set it up, and we’ll cover all of its features, some use cases and even explain how to connect it to networks besides Ethereum. So if you’re interested in getting involved with Dapps, DEXes, or a variety of other services, then follow us now as we explain all of the ins and outs of Metamask! Okay, so the first thing you really need to know about Metamask is that it’s a web browser based cryptocurrency wallet, or browser wallet. Browser wallets live as extensions to your browser, and the main reason to use them is to interact with decentralized applications, AKA Dapps. Essentially, these types of wallets act as the doorway to most of the DeFi ecosystem. There are others besides Metamask, such as Trust Wallet and Coinbase Wallet, but today we’ll be focusing on Metamask. Metamask is supported in Chrome, Brave, Firefox and Edge browsers, and even has iOS and Android App versions, so pretty much literally everyone can use it. Also, bear in mind that Metamask effectively acts as a “Hot” wallet on your computer, which is basically unavoidable for it to interact with Dapps. Sure, it is password protected, and if your system is clean and you use good Operational Security you should be fine. We would just recommend against using this wallet for storing large sums of assets, which would probably be better kept in cold storage and only moved to a hot wallet as needed. Okay, now that we’ve covered the overview, let’s get into how you can actually download and setup metamask for yourself! 📊 Join our global trading community on Telegram. Get access to a free trading course, trading signals, and receive help from professional cryptocurrency traders. ✈️ JOIN NOW!: https://t.me/BeInCryptoCommunity TWITTER: https://twitter.com/beincrypto FACEBOOK: https://www.facebook.com/beincrypto INSTAGRAM: https://instagram.com/beincrypto/ TIKTOK: https://tiktok.com/@beincrypto Disclaimer: Although BeInCrypto aims to inform and educate readers from all over the world, it is important to remember that investing in cryptocurrency is risky. Neither this video nor its authors should be held responsible for any investment decisions, and nothing published here should be considered financial advice. We always urge our readers/viewers to do their own research and never invest more than they can afford to lose.
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