What Is MetaMask Chrome?

A non-custodial cryptocurrency wallet, MetaMask is offered as a browser extension for popular browsers such as Chrome, Brave and Firefox

For people exploring the world of cryptocurrencies, one of the basic requirements is to have a secure and reliable cryptocurrency wallet. In this context, one of the preferred options is the MetaMask crypto wallet platform. It has more than 100 million users, which clearly reveals its popularity. MetaMask is the preferred gateway for Web3, decentralized applications (dApps), DeFi (decentralized finance), NFTs, and blockchain gaming. Let us explore more details about what is MetaMask Chrome.

What is MetaMask Chrome?

MetaMask Chrome is a non-custodial cryptocurrency wallet, which is used primarily for Ethereum blockchain transactions. It also supports Ethereum-compatible networks such as Polygon, Arbitrum, Optimism, Base, BNB Chain and Avalanche, among others. Along with availability as a browser extension, MetaMask is also offered as a smartphone app. It is available on both Android and iOS.

Many crypto users prefer MetaMask since it is a non-custodial app. It means that only you have access to the private keys and seed phrase (Secret Recovery Phrase). Even MetaMask cannot have access to such critical information. Another key reason why people prefer MetaMask Chrome is that its code is open-source. Anyone with coding skills can verify the code for MetaMask.

Users with MetaMask also benefit from continuous improvements. For example, there’s native support for Ethereum and EVM chains. Solana was added earlier this year in May. Bitcoin native integration is expected to be rolled out by the end of this year. This will be a major upgrade, allowing direct BTC management without wrapping.

Key features of MetaMask Chrome

Users can store and manage a wide variety of assets on MetaMask Chrome. It includes ETH, ERC-20 tokens, NFTs, and now assets on Solana and Bitcoin. Sending and receiving crypto is pretty easy with QR codes and addresses. Tokens can be swapped directly inside the wallet via aggregators. MetaMask only charges a small fee, usually around 0.3% to 0.875%.

For buying crypto, a wide variety of options are available such as cards, Apple Pay, etc. MetaMask can be used as a browser for Web3 sites. Your wallet’s secure key works as the password and you just need to use the ‘Connect Wallet’ feature. Users can also access the Discover tab that hosts various popular dApps such as DeFi like Uniswap/Aave, games, NFT marketplaces.

Using MetaMask Chrome, users can view all their assets and activities in a single dashboard. This is really helpful in getting a bird’s eye view of your transactions and investments. There is option for direct staking for ETH, liquid staking options, and “Stablecoin Earn” (deposit USDC/USDT/DAI into protocols like Aave for passive yields).

MetaMask has partnered with Mastercard to issue debit cards that can be used to spend crypto. Another key USP of MetaMask Chrome is the high level of security. The platform has transaction previews, biometric login, phishing detection and hardware wallet support. MetaMask supports batched actions such as approve + swap in one click and gas abstraction (pay fees with any token).

Can I make money with MetaMask Chrome?

Many reports claim that MetaMask can be used to make money. However, such statements are generally misleading. What is important to understand is that MetaMask is just a crypto wallet. It does not generate interest or passive income on its own.

However, you can surely carry out crypto transactions on MetaMask, which in turn can create profits for you. It is also possible that you may lose money since crypto markets can be highly volatile. People with MetaMask can generate profits through various transactions. It includes staking, DeFi lending/yield farming, Stablecoin Earn, liquidity providing, trading/swaps and NFTs/games/airdrop farming. However, nothing is guaranteed. You can easily lose money if crypto markets crash. MetaMask Chrome is just a tool and not a magic wand for generating profits.