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What is MetaMask Extension? How to use this Extension?

MetaMask Extension is a wallet that helps a user manage his crypto assets in a safe wallet. It also supports a wide range of currencies, giving people plenty of options. The extension also helps in managing the account’s private keys. If you are a professional trader and mainly deal in ERC tokens, you should definitely use this extension.

You must be thinking why is it so? What makes it different than other crypto platforms? Then continue reading our article further to get all the important and interesting information that will surely convince you to create your account on it. And with this, we will also tell you how you can start using this extension from the basic.

What makes MetaMask different?

Let us start our article by telling you the features of MetaMask Extension so that you will know why it is the most popular software wallet. Hence, given below are the positive aspects of MetaMask:

How to download MetaMask Extension?

MetaMask is available to be installed in many browsers other than Google Chrome. It could be used on Firefox, Brave, and Edge. Those who do not prefer to use Google Chrome as their default browser can use these other browsers as well to access MetaMask. And in this section of the article, we will tell you how to download the Extension of MetaMask on Firefox. So let us download the Extension:

  1. Visit the downloading page of MetaMask where all the installation links are given. https://metamask.io/download/
  2. Now press ‘Download’.
  3. Hit the button ‘Install MetaMask for Firefox’.
  4. A new window will be opened, there you will have to tap on ‘Add to Firefox’.
  5. On the pop-up question, tap ‘Add’.
  6. Now return back to your browser page.

You will now see the Extension plugin would be installed now.

Steps to be followed for new account creation?

Getting started to use MetaMask is the most straightforward procedure. First-time users might feel a little overwhelmed in the initial setup and login stage, but once you will get used to it, it would become easy to use. Below are the steps for new account creation:

  1. The first step would be the installation of an extension if not done by following the steps mentioned above.
  2. Open the Extension.
  3. You will be provided with two choices. The first one would be ‘Create Wallet’ and the second one would be to ‘Import Existing Wallet’. And since you are registering a new account you should go for ‘Create Wallet’.
  4. Follow the instructions given on the screen. It would ask you to fill in your details.
  5. Then it will ask you to grant some permissions to collect data.
  6. After this set up a strong passcode for your account.
  7. Copy the seed phrase somewhere safe.
  8. Press ‘Continue’.

Your account will be created successfully.

What are the steps for logging in?

Moving further with our article, the next thing to know is how to access your account every time you want to initiate a transaction. For this, you should know the login process. Because without logging in you cannot access your account.

The login process is:

  1. Open the MetaMask Chrome Extension.
  2. Type the passcode.
  3. Tap ‘Unlock’.
  4. If the password you have entered is incorrect, it will ask you to write another one.
  5. Or you can also opt for the option of ‘Forgot Password’ if you do not remember the correct one.

Once the above steps are completed, you will be redirected to your account homepage.

How to change the passcode?

Everyone forgets passwords, it is a normal occurrence. It is nearly impossible to remember the passwords of all the platforms unless all the passwords are saved on Google. But saving passwords on Google is also risky. Because anything that is stored online could be hacked in one way or another. In this segment, we will guide you through the process of changing your password:

  1. Launch the Browser Extension.
  2. Below the Unlock button, tap the option of ‘Forgot Password’.
  3. Do ensure that you are in possession of the Seed Phrase.
  4. Now paste the seed phrase in their designated text box.
  5. If the phrase is correct, a new window would be opened.
  6. And on the new window, you will have to create a fresh login password.
  7. Confirm the new passcode by rewriting it again in the text field.

Now passcode has been changed and to log in to your account follow our steps given in the above section.

What are the charges involved?

Another thing that a trader worries about is the fees. A trader is always looking for a little more budget-friendly wallet. A good wallet is one that gives you the best services by charging low cost. And MetaMask surely falls into this category.

The MetaMask always aims to charge low fees and the amount of fees that is charged is given to the blockchain network validators for working on it. Although it may charge some high amount of fees in case there is a high load on the platform. So in case of a high load, the price usually increases and the time for processing a transaction also increases.

Summing it Up

MetaMask Extension gives users security and anonymity on a priority basis. Also to make it more accessible to the users it has launched its mobile application also. By using the Mobile application, you will not have to carry your computer or laptop devices.

You can directly initiate a transaction by using the installed application. For crypto enthusiasts, this wallet is the best. And also if you had any issues with the services of MetaMask then you can also contact the support team.