December 19, 2022

Crypto 101: MetaMask uses and benefits

As you explore the world of crypto, you will soon discover that having a crypto wallet is crucial. It is used to trade and store coins without hassle. With the wide range of crypto wallets to choose from, it can be overwhelming to find the best one for your needs, especially if you’re new to the crypto market. 

More crypto holders are taking advantage of online casino sites that accept their preferred coins. Known as one of the best crypto wallets available, many crypto users are led to the question: What is MetaMask?’

What is MetaMask?

MetaMask is an Ethereum (ETH) blockchain-based crypto wallet with a stand-alone app that came out in 2016 for both Android and iOS devices. It is also a desktop browser extension that works with tokens and coins that comply with the ERC-20 standard. However, MetaMask does not support Bitcoin (BTC) because it is not an ERC-20 token.

Meanwhile, Tether (USDT), Chainlink (LINK) and other ERC-20 compatible tokens can be stored in the wallet. There are more than 12 million MetaMask users mainly because of the variety of features it offers. You can also use this wallet to deposit funds and claim a Bitcasino bonus when playing crypto casino games such as Bitcasino slots and Bitcasino live casino. 

Features of MetaMask

Anonymous and secure transactions are two major selling points of crypto. Both of these are areas where MetaMask shines. It is also a non-custodial wallet which means that your data is not maintained on a centralised database. It also does not gather your info from wallet use. 

A 12-word seed phrase is used to restore the wallet if you forgot your password. The MetaMask wallet is a flexible solution that can be used with a wide variety of blockchain protocols. 

With MetaMask, you can store non-fungible tokens (NFTs) and use them on casino sites. On top of that, the BNB Chain (Binance Smart Chain), Polygon, Avalanche, and other test blockchains are all supported by MetaMask.

Benefits of using MetaMask

As one of the top crypto wallets, MetaMask boasts various benefits that both investors and crypto casino bettors can maximise. Aside from the absolute convenience, here are the advantages of using MetaMask:

Security and privacy

One of the best features of MetaMask is its heightened security. MetaMask does not save any of your info because it is not a custodial program. The app also requires you to set up biometric data on mobile devices and a unique 12-word seed phrase. 

It’s crucial to remember your seed phrase because technical support cannot don’t have the power to recover your password. You can lose access to your wallet indefinitely if you forget your seed phrase.

On top of its security feature, MetaMask is a wallet that takes privacy seriously. The wallet does not demand any personal data from its users for them to use it. Instead, you have full authority over your wallet, including the coin stored and transacted within it right down to the private key. 

Ease of use

One of the main benefits of using MetaMask is how easy it is to use. To get started, simply install the browser extension for Chrome and Firefox or the mobile app for Android or iOS.

You can either import their existing 12-word seed phrase wallet or create a new wallet after downloading the software. A new password of at least eight characters will then be set up, and you will be given a brief overview of the password recovery process. 

Remember, that it’s crucial to save your 12-word seed phrase safely, as it will be the only way to restore the wallet if it is lost or if you change the device you’re using. Lastly, the verification of the 12-word seed phrase is the final step. After verifying, you can now use the MetaMask programme to send and receive coins and NFTs by providing their wallet address. 

You won’t have a difficult time using the app since its interface is straightforward. Just make sure that you have a stable internet connection to make sure that every transaction you make will go through.  

Convenience

Another benefit of using Metask is its convenience. Both the desktop browser extension and the mobile app versions of MetaMask can be downloaded with just simple clicks. The programme is compatible with a variety of famous crypto sites, such as the NFT marketplace OpenSea and decentralised exchanges 1inch, Uniswap, and Quickswap.

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What are MetaMask casinos?

MetaMask casinos are virtual betting sites that accept payments using a digital wallet. Withdrawing and depositing funds from a MetaMask casino is as easy as using a credit or debit card. With MetaMask casinos, you can easily bet using a variety of coins for hassle-free transactions.

Why use MetaMask for betting?

One of the main reasons why many casino players use MetaMask for betting is because the wallet is available on mobile and on your browser extension. This means that both mobile and desktop casino players can maximise the features of MetaMask. Using MetaMask for online betting also guarantees safe and secure transactions for a worthwhile betting session.

Free to use

You don’t have to pay to download the app. Just by simply installing the wallet on your device and maximising its features such as depositing and betting on your favourite casino games.

Simple interface

Another benefit of using MetaMask is its simple user interface. To allow its users to have the utmost experience with the wallet, MetaMask provides a simple interface wherein new users can easily navigate and take advantage of its features with ease. Connecting your MetaMask wallet to your online casino account can be done with easy steps.

Exclusive bonuses

Due to MetaMask’s success, there are many sites that accept the use of the wallet. To help players maximise their online betting experience, some casino sites offer exclusive bonuses and promotions when you use MetaMask to deposit funds.

Fast and easy transactions

Aside from the safety and security of using MetaMask for your online betting session, MetaMask also provides fast and easy transactions once the wallet is connected to your online casino account. With MetaMask, you can now easily deposit and withdraw money with zero hassle and have the best time betting on your favourite casino games.  

How to use MetaMask for online betting

MetaMask is an easy-to-use programme that can benefit every type of online casino bettor. Before you use MetaMask for betting, consider buying your preferred crypto as well so you can use it with your wagers. Here are some quick and easy ways you can start betting with coins from your MetaMask wallet:

Install app or extension

You can download the app for your mobile devices or the MetaMask browser extension from its official website ‘MetaMask.io’. Once the setup is complete, you can activate your wallet by either logging in with an existing account or creating a new one.

  • Desktop → To begin using MetaMask, double-click its icon to bring up a dialogue box, and then click ‘install in that window. If you're using Google Chrome, you can install the extension by going to the Chrome web store and clicking ‘add’.

Through the MetaMask add-on, you will be able to sign in or create a new account. Then, after seeing the seed phrase explanation video, you can fill out all the required fields.

  • Mobile → For mobile installation, simply launch the downloaded app. After the setup is complete, you can activate your wallet by either logging in with an existing account or creating a new one.

Deposit or withdraw using MetaMask

The likes of Tether (USDT) and Ethereum (ETH) and more can be used to fund your casino account. Any crypto that follows the ERC-20 standard can be stored in your MetaMask wallet. To send money to the casino, simply open the ‘send’ section of your MetaMask wallet. The transaction time can range from a few minutes to an hour depending on how busy the network is. 

FAQs about MetaMask

Know more about how MetaMask works with these frequently asked questions:

How do I deposit funds into MetaMask?

Token purchases can be made quickly and easily within MetaMask by selecting the ‘buy’ button. Depending on where you live, several payment options and networks can be accessible to you. Asking a friend for money is as simple as sending them a payment request, presenting them with your QR code in person, or giving them your public address.

Is MetaMask a hot or cold storage?

MetaMask is unique because it resembles a hot wallet but also has some of the features of a cold wallet. When you use MetaMask, you can take advantage of the app as a hot wallet, which is always online, or a cold wallet, which uses a hardware wallet like Trezor or Ledger. You can think of the MetaMask wallet as your gateway to everything Ethereum.

If you want to take advantage of MetaMask to claim a Bitcoin bonus when you play Bitcoin slots and Bitcoin live casino, it’s crucial that you learn how it works. It’s also important to choose which compatible ERC-20 coin best suits your needs that you will store in your wallet for optimal use. 

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