MetaMask Wallet Extension
MetaMask Wallet is a virtual currency wallet launched in 2016. Originally, the developers created MetaMask exclusively as an extension for Firefox, Chrome, and other browsers. MetaMask has launched a smartphone app for Android and iOS. This lets users store, receive, and transact their cryptocurrency holdings across different devices. MetaMask is a self-custodial wallet that doesn't have access to your private keys. Instead, private keys or a 12-word backup passphrase are your responsibility. If you lose the private keys, Metamask won't be able to help you.
However, MetaMask is free to use. Like other crypto wallets, the only fee it takes is when you transact assets to another wallet. This includes the blockchain network fee. By default, MetaMask Wallet Extension is only compatible with the Ethereum network. This makes it best for storing the ERC-20 tokens, like Tether, Shiba Inu, and Decentraland. That said, Metamask also supports the Arbitrum network coins. Also, it supports crypto coins on the Binance Smart Chain, Optimism, Avalanche, and Polygon networks.
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Consensys introduced MetaMask Wallet in 2016 to ease access to decentralized applications (dApps), including online gaming platforms, decentralized exchanges (DEXs), and staking opportunities in the decentralized finance (DeFi) space. MetaMask is a virtual wallet for storing crypto assets and depends on the Ethereum blockchain and has over ten million active users. It's a safe crypto wallet that provides a user-friendly bridge between a browser extension and ETH blockchain and functions as a host network for different dApps.
With the MetaMask Wallet, you can store Ethereum, or other ERC-20 tokens created on the top of the ETH blockchain network and utilize crypto assets with your desired dApp. Earlier MetaMask was available only as a web browser extension that utilized a Chromium-based browser like Chrome, Brave, and Firefox. However, with the increasing popularity of virtual currency and crypto wallets, MetaMask launched a convenient version by introducing a mobile app for Android and iPhone so that users can use the MetaMask extension and the mobile app on the go.
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