In other words, it ensures that MetaMask users always have access to the greatest liquidity and the largest selection of tokens, at the best prices. MetaMask’s Swap function does away with all of this hassle by requesting prices from all available aggregators. The downside to this, apart from the time sink, is that you might not always get the best prices for each trade, and users need to approve each token on each exchange, eating up gas costs. Before this was introduced, users would have to trawl through a bunch of different exchanges to compare prices and swap tokens. The fees might be steep to experienced traders, but it’s an insanely fast, easy and accessible way for first-timers to get a chunk of ETH which they can then trade for other tokens, with zero hassle.Īnother great yet easy to use MetaMask feature is its Swap functionality. Make sure ETH is your selected asset, hit buy, and you can purchase ETH with your card using a service called Wyre, without ever having to leave MetaMask and sign up to another exchange. If you’re starting from scratch, it’s incredibly easy to get started by topping your wallet up with ETH. Of course, this all assumes that you already have tokens in another wallet or an exchange that you want to receive. Opening the three-dot menu on the top right also shows you your wallet address and a QR code, for receiving cryptocurrency, while the menu above provides access to settings, the ability to import and create accounts, as well as connecting to compatible hardware wallets you may own. The main screen shows your list of assets (including your balance for each asset), along with buttons that let you send, receive or swap assets.Īn activity tab shows your recent transactions, while clicking your account at the top will copy your asset address to the clipboard. The MetaMask wallet is beautifully minimalist and pared-back, and utterly barren compared to the complex interfaces of crypto exchanges. MetaMask is open source, meaning its code is naked and available for all the world to see and access, and it’s proven to be a solid member of the Ethereum community, topping one million monthly active users, with just under 90,000 followers on Twitter. To learn more about our growth journey, check out our latest blog post □ #metamask #ethereum #web3 MetaMask has exceeded 1 Million Monthly Active Users! □We’re humbled to be supporting such a curious, vibrant and passionate community.
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