![]() No coin-to-fiat conversion: MetaMask, being a decentralized wallet, does not offer direct support for third-party remittance companies, resulting in the inability to convert cryptocurrencies to fiat currency seamlessly.With MetaMask, users gain access to a broad range of dApps, facilitating seamless interaction and exploration of the decentralized ecosystem. Central hub for dApps: MetaMask serves as a hub for decentralized applications (dApps), catering to builders, NFT enthusiasts, and Web 3 enthusiasts alike.This includes popular tokens such as Ethereum (ETH), Tether (USDT), USD Coin (USDC), and various others, ensuring users can easily manage and interact with their preferred assets. ![]() Supports a broad range of Ethereum-based tokens: MetaMask supports diverse crypto assets built on the Ethereum network.Staking involves locking up tokens in a vault for a specific period, allowing users to generate profits represented in APY (annual percentage yield). Earn rewards via staking and holding: Users have the opportunity to earn additional tokens through airdrops and staking on MetaMask.Users can download either the browser extension or app and set it up by following simple instructions, or simply import it using the 12-word seed phrase. Easy setup process: MetaMask provides a user-friendly and hassle-free setup process.Users can buy, stake, swap, and convert assets within the wallet No 24/7 live customer support users can get help via the help page, email, ticket system, and community board Yes, users can receive rewards on staking, as well as other incentives like airdrops Only Ethereum (ETH), BNB Smart Chain (BSC), and ERC-20 tokens are supported Supports a wide range of Ethereum-based tokens such as Ether (ETH), USD Coin (USDC), Tether (USDT), etc. Network fees to send and swap assets no fee to receive assets Software available as a mobile app for Android and iOS and a web browser extension However, ConsenSys said through a tweet that nothing has changed the way MetaMask operates. The wallet received flak from the community suggesting that it collects users' IP and wallet addresses. This is another step by MetaMask to allow users to purchase crypto assets without leaving its interface. In April 2023, MetaMask launched a new feature to allow users to buy cryptocurrencies with fiat methods directly from within the wallet. This distinction sets MetaMask apart from now-bankrupt platforms like FTX and Celsius, which solely relied on third parties for liquidity and consequently misused customer funds. Moreover, the wallet relies on liquidity providers for completing transactions, eliminating the need for third-party intermediaries for liquidity of trades. ![]() Its unique feature is the ability to securely connect users to different blockchain-based applications and explore the decentralized web 3.0. MetaMask is a non-custodial wallet, meaning that users are always in control of their private keys. ![]() The wallet is available as both a mobile app and a browser extension, compatible with leading web browsers. Today, it supports a wide range of functionalities including storage, purchasing, sending, conversion, and swapping of different cryptocurrencies. Based in San Francisco, MetaMask is a decentralized Ethereum wallet that was launched by Aaron Davis in 2016 and is currently operated by ConsenSys. ![]()
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