functions as a browser extension for popular web browsers like Chrome, Firefox, and Brave. This extension integrates seamlessly with web browsers to provide easy access to Ethereum-based applications and assets.
- Multi-Currency Support: While MetaMask originally supported only Ethereum (ETH) and Ethereum-based tokens (ERC-20), it has expanded its support to include other networks, such as Binance Smart Chain (BSC) and Polygon (formerly Matic). This multi-network support allows users to manage a variety of assets within the same wallet.
- Private Keys: MetaMask allows users to retain control over their private keys, which are stored securely in the extension. Users are responsible for keeping their private keys safe, as they provide access to their funds.
- Seed Phrase Backup: During the setup process, MetaMask generates a seed phrase (recovery phrase) that users must safely store. This seed phrase can be used to recover access to the wallet in case the extension is lost or compromised.
- User-Friendly Interface: MetaMask is designed to be user-friendly, making it accessible to both beginners and experienced cryptocurrency users. It offers an intuitive interface for sending, receiving, and managing assets.