How to Download MetaMask: A Complete Step-by-Step Guide
Many people are now making use of digital assets, either to trade, hold or swap coins, tokens, and NFTs. However, with cryptocurrency, learning the necessary steps can be challenging. It is necessary to understand how digital wallets function since they are required to make transactions on the blockchain.
One of the most popular digital wallets is none other than MetaMask. Maybe you have heard of it, or you may have an interest in knowing more. Now you may learn about MetaMask and how to download it by reading this article.
What is MetaMask?
MetaMask is an easy-to-use digital wallet mainly used for the Ethereum ERC-20 network. It allows users to interact with decentralized applications using a web extension on Chrome or Firefox plugin, and also by downloading the dApp on iOS and Android.
The MetaMask wallet interface is used for managing accounts and sending & receiving transactions. In addition, the dApp provides users with tools to interact with other wallets using Smart Contracts by way of Public key addresses. MetaMask is relatively known as a very simple-to-use wallet.
With over 21 million active monthly users using MetaMask, the wallet acts as one of the most commonly used sources for crypto transactions. For instance, MetaMask is often used to make transactions on platforms such as OpenSea where crypto enthusiasts are able to purchase NFTs. OpenSea is the largest NFT marketplace on the Internet.
Downloading MetaMask: What You Need to Know
MetaMask provides a user interface wallet, and it also manages your identities on the blockchain. You can use it to create a new identity or import an existing one from MyEtherWallet, Mist, Parity, and more!
The main advantages of MetaMask are:
- It’s easy to install and configure
- It protects your privacy by not requiring any personal information or data
- It’s open source and connects with applications such as OpenSea and other Web3 or Blockchain platforms
Here are the steps to download and or install MetaMask to your phone or browser:
1) Go to https://metamask.io/
2) Click “Download.”
3) Click “Add to Chrome” or “Add to Firefox” or Click “Download on iOS and Android.
4) A notification will appear in your browser asking you to confirm the installation of MetaMask. Click “Add Extension” and you’ll be all set to use MetaMask with other platforms or exchanges.
5) You will be required to note your secret key phrase. You must never lose this key phrase, or if you sign in from another device you will not have access. Save it, store it but do not lose it. With these steps, you will be able to utilize MetaMask on any of the platforms that support its use.
Setting Up MetaMask for the Binance Smart Chain: What You Need to Know
MetaMask is an Ethereum network wallet, which supports over 450,000 cryptocurrencies across multiple Blockchains. A popular Blockchain derived from Ethereum is the Binance Smart Chain network. Otherwise known as the BNB Chain. The BSC network is a decentralized network that supports the trading of digital assets. The Binance team created the Binance Chain to provide a high-performance open-source blockchain customized to meet the needs of all industries offering lower fees than its competitors.
Ahead, we will discuss how to set up MetaMask for the Binance Smart Chain so you can trade on the decentralized exchange.
To start, you need to download and install MetaMask from https://MetaMask.io/.
Next, go to https://www.binance.com/ and click “Get Started” in the upper right corner of your screen:
After this, you will need to switch the connected blockchain by tapping on the tab that says “Main Ethereum Page or mainnet”. To add to the BSC Network, click on Custom RPC. When you’re done, enter the following details for the BSC Mainnet:
· Network Name: BSC Mainnet
· New RPC URL: https://bsc-dataseed1.binance.org/
· ChainID: 56
· Symbol: BNB
· Block Explorer URL: https://bscscan.com/
Click save and continue. Once you’re done, you will then need to connect your BSC Mainnet wallet as shown in the image below. After this, you’ll be all set and able to make the transactions of your choice.
Why is MetaMask Important for Crypto Enthusiasts?
MetaMask is a bridge that allows users to visit the distributed web of the future in your browser and by dApp. MetaMask provides an easy way to manage your identities, and digital assets, cross-border without requiring any personal information.
A wallet is known for its privacy and user anonymity to give control to its users, MetaMask is not to be undermined. The secret key phrase never leaves the user’s computer, and all data is encrypted locally before being sent over the Blockchain.
What makes MetaMask special is how it has been created by keeping user privacy into account. The former also ensures that the private key of your MetaMask wallet isn’t left exposed.