Dapp Wallet Review; MetaMask Wallet Dapp (Browser extension)

in #stateofthedapps5 years ago

Introduction

MetaMask is an app, that can be tailored into your browser.
actually it is an etherum wallet dapp, an extension that turns your browser into an etherum browser that allows websites to connect, interact and retrieve data from the blockchain. whilst giving the user full ccontrol to securely manage their identity and transactions on other sites.

Getting started

First add MetaMask extension to your browser. in this case chrome, but it is also compatible with other browsers like firefox, opera and Brave browser.

after successfully downloading the extention, it will automatically install. Click get started on the next window.

Creating an account.


You can chosose to import wallet (if you had formated your system or lost your previous account) if you have your unique 12 word phrase mnemonic.But in this case we are creating a new wallet. so we go with the 'create wallet' option.
on the next window you will be asked to create a password

create a password that is easy for you to remember.

confirm password and click 'create'

Click on all done in the next window to proceed.
and your account is set and ready for use.Quite simple right?

Adding Accounts

Adding of accounts to metamask wallet chrome extension is pretty much easy as you like it.
it has three options;
Create new account: Here you just type in a desired account name, and hith the create button. And thats it.
Import: This option allows you to import a wallet account into your MetMask wallet chrome extension using your mnemonic phrase(private key) or using a JSON file.
Type in your private key strings and click the 'import' button. Easy and sweet.
Connect: this options allows you the freedom to connect your MetaMask wallet to another hardware wallet (e.g Ledger or Trezor). this option helps you to secure your funds.It appears to be similar with the "cold storage" option in my last Dapp review imToken.
the developers of this dapp are smart. your token security is their priority that is why you gotta love MetaMask.

Adding Tokens


Click on the drop down button indicatrd in the image above.
Use the search box to type the name of the coin you wish to add, click on the coin. The Next becomes highlighted click on it to add your token.

you can repeat this steps to add as many tokens as you desire.

Depositing

MetaMask provides its users with multiple deposit options. they can choose to either copy and send their address to the sender and in other for their ether to be sent, or the can buy directly into their wallets from secure and trusted etherum providers like; Wyre, coinswitch, or shapeshift.

Sending


Sending etherum with metamask wallet chrome exstension is easy as ABC.
A type in or paste the receipient address
B choose from the which coin you are sending(either EOS, BTC BNB, etc)
C enter the ammount or volume to be sent
lastly you pay a tiny ammount ranging from 0.02$, 0.05$ and 0.10$ as transaction fee
and thats it.
wait for confirmation of your transaction status.
sending of tokens cant be easier than this.

Advantages

This app has a lot of advantages to mention a few;
Flexibility
Compatability
User friendly
Conectivity
Security
Easy to use
Accessibility
Liberty ( you can almost do what ever you want with is app)

Disadvantages

MetaMask with all its good sides has some badsides too (but few anyways) ;

  1. It is not a really handy app, it can mostly be used with a laptop. as using it on mobile phones could be fruastrating in a way.
  2. Unless a user creates hardware wallet, and uses cold storage techniques, his tokens are prone to hack attacks whenever he is online or connects to an insecure network.

Conclusion

MetaMask is an amazing app that allows websites to connect and interact with the servers of many trusted etherum providers,and at the same time give the user to manage their own identity, and store their own private keys. No KYCs, No emails.
The user's account is stored on their browser and has no direct link to the blockchain servers. Incase of loss, accounts can be easily retrieved with the use of the users mnemonic phrase.
so everything about the account is in the hands and control of the user. isn't that amazing?

Recommendation

I recommend MetaMask etherum wallet chrome extension app for use by everyone that is running multiple token wallets,
airdrops tokens etc, this wallet can serve as a warehouse to all your other accounts. You can easily import and store your wallets inside the MetaMask wallet app.
Have you ever tought of the idea of holding all your accounts in one safe place, then MetaMask has got you covered.

Rating

For me, this app deserves a 4.6/5.0

Disclaimer

this report was not meant to provide any financial advice, as the information cited here are by no means final.
please do your own research >

Links:

chrome web store: https://chrome.google.com/webstore/detail/metamask/
stateofthedapps: https://www.stateofthedapps.com/dapps/metamask

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