In the last few years, cryptocurrencies have steadily risen in popularity all over the world. In the USA, for example, a recent study of over 2,000 Americans found that the percentage of those who owned cryptocurrency had risen sharply from just 7.95% in 2018 to 23.16% last year. With almost a quarter of the populace owning some form of cryptocurrency today, it’s more important than ever that those assets are stored securely.
It’s for this reason that crypto wallets have also experienced a corresponding surge in popularity in recent times. As a secure location to store cryptocurrencies and keep them safe from hackers and cyber criminals, they’re essential for anyone buying, selling or investing in Ethereum or other cryptocurrencies. One of the most popular options is MetaMask… but what exactly sets this product apart from its rivals? Here are four advantages of using it compared to alternatives.
User interface
Unlike some other crypto platforms, MetaMask is incredibly easy to use. All that’s required is to download the browser extension for your operating system of choice, with options to cater to Firefox, Chrome and Opera users, as well those which accommodate Linux and Mac customers. What’s more, the intuitive app allows for mobile access and management of funds while on-the-go, meaning that anyone can use MetaMask easily, even without much prior knowledge of how such platforms work.
Security
Of course, the number one requisite of any cryptocurrency wallet is robust security and, in this respect, MetaMask doesn’t disappoint. The private key of each user is encrypted using the AES-256 algorithm, which makes it all but impossible for a cyber criminal to access your assets. What’s more, the fact that this key takes the form of a unique phrase or collection of words makes it very simple to remember but extremely difficult to hack. As such, MetaMask carries state-of-the-art security, made simple.
Features
As well as allowing instant access to the Ethereum blockchain, MetaMask is also optimised for compatibility with a wide range of other dapps, meaning users can manage multiple cryptocurrencies seamlessly from the same source. And the storage and security benefits aren’t limited to crypto alone; users can also buy NFTs and other digital assets and store them in MetaMask, meaning the whole process of keeping your assets safe online is made that much easier.
Fees
Last but certainly not least, MetaMask has another huge advantage in the affordability of its technology. For starters, the wallet is comprised of open-source technology and completely free to download and use. That’s in stark contrast to many other wallets, which command high fees from their subscribers. What’s more, MetaMask is also quite unusual in that it does not command any exchange fees associated with the transactions conducted across it. This is almost unheard of in the crypto world and makes it highly attractive to the savvy crypto investor.
Due to its ease of use, impeccable security tech, compatibility with other dapps and the absence of fees connected with either its download or the transactions conducted on it, it’s no wonder that MetaMask is an increasingly popular option for crypto owners across the globe.
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