Blockchain technology is gaining wider adoption in everyday life. There is no doubt that it represents a market with a bright future ahead. We are witnessing the world’s largest investment banks already incorporating Bitcoin and Ethereum ETFs into their offerings. Consequently, there is speculation that by the end of 2025, some alt tokens might be added to this list. That would undoubtedly be another significant step forward for crypto breaking into the mainstream scene. The subject of this review is the widely popular wallet Metamask. Let’s see what this wallet can bring you.
We have already covered in our articles the classification of wallets into hot and cold types, depending on their usage. Today, we decided to present to you in more detail the most popular hot wallet of today, MetaMask. In the following text, we will explain how to install, activate, and use it for sending and receiving cryptocurrencies. Also, we will underline which aspects to pay attention to to keep your funds maximally protected.
- Compatibility with ERC-20 coins and Ethereum blockchain-based dApps
- Support for Ledger/Trezor hardware wallets
- Various payment options
- Adjustable gas fees for transactions
- Limited to Ethereum-based ERC-20 tokens and ERC-721 NFTs
- No desktop app
- No 2FA
Metamask Overview
MetaMask is the most popular crypto wallet today, allowing users to securely and efficiently manage their digital assets. It is available as a browser extension for Google Chrome, Firefox, Microsoft Edge, and Brave. Also, you can use a mobile app for Android and iOS devices.
This wallet operates as a cryptographic wallet. Although it was initially designed solely for the Ethereum network, it has evolved into a multi-blockchain application over time. Besides storing cryptocurrencies, MetaMask enables interaction with smart contracts and decentralized services without intermediaries. That is undoubtedly one of the biggest advantages of this and all other hot wallets. Users can connect to various platforms, like decentralized crypto exchanges like Uniswap, and trade cryptocurrencies directly from their wallet. Additionally, MetaMask enables connections to various NFT marketplaces, such as OpenSea or Magic Eden. This allows users to easily and quickly purchase their desired non-fungible tokens (NFTs).
Installation of Metamask Wallet
Installing MetaMask is quite simple. Still, we will briefly explain how to download it to your computer or mobile device. Let’s start with the desktop version:
| ✅ Find the official MetaMask website (metamask.io) and visit it. |
| ✅ Locate the section for downloading the extension and click the “Download” button (alternatively, you can go directly to metamask.io/download). |
| ✅ Choose the internet browser where you want to install MetaMask and click on it to start the download. |
| ✅ Congratulations, MetaMask will appear in your list of browser extensions. |
Installing this wallet on your phone is even easier. To get started, find the MetaMask app in the Google Play Store or Apple App Store, depending on your operating system, and download it.
Activation of Metamask Wallet
After downloading MetaMask, the next step is activating it. You will be offered two options: to create a new wallet or to open an existing one that is already active on another device.
If you want to create a new account, you need to click on “Create a new wallet” and then accept the terms of use. Please create a new password, which must be at least eight characters long. The subsequent step is crucial for MetaMask, as well as for all crypto wallets. A screen will display 12 or 24 randomly generated words that you must save because only with them can you recover access to your account if you lose your phone or delete the browser extension.
Remember: If you lose this list of words, you will permanently lose access to your wallet with no possibility of recovery!
Our advice is to write them down on paper in two copies and keep them in secure places unknown to others. Anyone who has your seed phrase can misuse the funds in your wallet, which is why it is essential that only you have access to these words.
The second option for activating MetaMask on a new device is to access an existing wallet. You need to click on “Import using Secret Recovery Phrase,” enter the previously saved list of 12 words, and you will automatically gain access to your wallet.
Using the MetaMask Wallet
Using the MetaMask wallet is straightforward, even for newcomers to the cryptocurrency world. On the extension’s main screen, you will see your portfolio with your wallet address and the balance of the currencies you own. Navigation through the wallet is intuitive, with a few predefined actions.
Most users utilize MetaMask to store tokens and NFTs, as well as to transfer them. To send tokens, click “Send,” enter the recipient’s address and the amount you want to send, then confirm the transaction. To receive tokens, copy your wallet address, send it to the person sending you the funds, and wait for the transaction to appear in your MetaMask.
Another feature MetaMask offers is a connection to various decentralized applications, such as crypto exchanges or marketplaces, where you can trade NFTs. All you need to do is visit one of these sites, click the “Connect Wallet” button, and link your MetaMask. We emphasize that users should connect their MetaMask only to verified and trusted websites. Otherwise, there is a serious risk of phishing attacks and fund theft. Always check the URL and avoid unknown or suspicious platforms.
If new networks or tokens do not appear on your MetaMask wallet, don’t worry. This wallet enables users to manually add new blockchain networks by entering relevant data, such as the RPC address and Chain ID. However, the latest versions of MetaMask already offer a list of recommended networks that can be added with a single click. The same applies to tokens. If a particular token does not appear automatically after you receive it, click the “Import Tokens” button, paste the token’s address (which you can find on sites like CoinMarketCap or CoinGecko), and the token will be added to your wallet’s list.
Conclusion
Because MetaMask offers effortless access to the Web3 world for all its users, it’s easy to understand why this crypto wallet is the most popular on the market. Its features are diverse and fulfill the needs of every blockchain enthusiast, and with each update, this excellent wallet gains new capabilities, making it an indispensable tool for every Web3 user.
Therefore, if you also want to dive into the crypto world, install your MetaMask today. However, before you start using it, we recommend reading some of our articles about security, as the crypto market, despite its great potential, is also exposed to risks and frequent attempts at fraud.
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FAQ
What is the difference between “hot” and “cold” crypto wallets?
Hot wallets are wallets that have a constant internet connection and are ideal for users who frequently make transactions. On the other hand, being connected to the internet makes them more vulnerable to hacking attacks. Cold wallets are physical wallets, typically in the form of devices or paper backups, offering significantly higher security but requiring more time to access the funds.
Where should I store my “Seed Phrase”?
Every user receives 12 words when opening a wallet, which must be carefully stored since they enable access to funds in emergencies. Our advice is to write them down physically in two copies and keep them out of others’ reach, as anyone who knows your seed phrase can access your cryptocurrency wallet.
Which “hot” wallets can serve as alternatives to MetaMask?
Although MetaMask is the most popular crypto wallet, especially for the Ethereum network, many other hot wallets can serve as replacements for this brand. Notably, Phantom is popular for its ability to operate on multiple blockchains, while Solflare and Exodus are also quality options.
What if I delete the MetaMask extension or lose my phone? Can I recover my account?
As long as you have your Seed Phrase saved, you don’t need to worry if you delete the MetaMask extension or lose your phone. Reinstall MetaMask, and instead of choosing “Create a new wallet” on the start page, click “Import using Secret Recovery Phrase” and enter the 12 secret words. You will then regain access to your MetaMask account.
Can I have multiple accounts within my MetaMask?
Of course, MetaMask offers you the option to have multiple accounts within a single extension. Open your existing account on the extension or your mobile device, then at the top of the screen, click on “Account 1.” After that, press “Add account or hardware wallet.” You will be able to choose whether to add a new account or import an existing one using your 12 secret words.
