Mobile crypto wallet

MetaMask is an open-source crypto wallet app. It allows users to send and receive bitcoins. It supports a wide range of chains, including Ethereum, Binance Smart Chains, and Eth-based tokens. It even allows you to accept coins from smaller and obscure chains.

But what makes MetaMask amazing is that it has an extremely low transaction fee. This makes it more ideal for smaller projects, unlike other wallets, such as Exodus, which are expensive. It is also easier to navigate, even for noobs. However, as this is an online wallet, your security is very much at risk. 

What does the app offer?

MetaMask is known for its simple interface that is easy to navigate. It does not require any steep learning curve. Even if you are new to cryptocurrency, using it won’t be a problem. Everything you need is clearly mapped out and accessible as soon as you launch the app. As noted, it also supports a wide range of chains. With this, you can receive and send just about any coins.

However, what sets it apart from the competition is its low wallet fees. MetaMask is perhaps one of the wallets with the lowest transaction fees. It takes only a small amount of Ethereum to initiate any transaction. Although, you should note that fees are set based on the network. Transactions with Ethereum will have a different rate than the BSC chain. You should know the different rates before conducting any transaction.

Since MetaMask is an online wallet, security is also something you should consider. Unlike hardware wallets, there is a high propensity that others could get to your account. The app uses powerful seed phrases as a measure. It proved to be secure enough, provided you don’t hand over your phrases to somebody. However, transactions are not anonymous, so anyone with your wallet address can see them. 

Is MetaMask worth using?

If you are new to the world of cryptocurrency, having MetaMask as your wallet is an excellent choice. This finance app is easy to use even for novices. It also supports not just the popular chains but also the ones most people do not use. Moreover, it has low fees per transaction, so it is perfect for smaller projects. However, it is not as secure and as anonymous as hardware wallets.