Metamask is one of the most popular wallets in the market. You may ask how to buy crypto with Metamask? Or how to use Metamask to buy crypto? Here is your Metamask crypto guide with that you can trade cryptos easily on Metamask.
There are many cryptos, NFTs, and Metaverse Tokens that are not available on any crypto trading platforms for direct purchase by using cash from your debit/credit cards. But wallets like Metamask makes everything possible.
Especially if you’re interested in the Ethereum ecosystem, you need an application like MetaMask. Far more than a simple wallet, it allows you to interact with websites that integrate Ethereum.
MetaMask will let you connect to decentralized applications from inside your browser (or through a mobile app). You can make trades in cryptocurrencies without intermediaries and play games with fully-transparent code.
What is MetaMask?
MetaMask is an open-source Ethereum wallet that supports all kinds of Ethereum-based tokens (such as those following the ERC-20 standard, or NFTs). On top of that, you can receive them from others, or purchase/swap them with the built-in Coinbase and ShapeShift integrations.
The MetaMask wallet can be installed on Google Chrome, Firefox, or the Brave Browser. It’s also available on iOS and Android devices.
How to Use Metamask?
Due to a minimalistic design and simple user interface, the Metamask wallet can be set up even by beginners without any problems.
1. Install MetaMask on your Browser or Install the App.
To enable Metamask first you need to install the Metamask extension before creating a new wallet. You can find Metamask easily on browsers like Chrome, Firefox, and Opera. It will always be available in your browser’s toolbar.
Install Metamask from the project’s official website or an app store. It is safest to install from the official website because app stores have accidentally hosted fake Metamask apps in the past.
If you want to use Metamask on your phone then you can install the Metamask app on your Android or iPhone.
2. Set up a New Wallet
After installing the Metamask extension or android/iOS app it takes less than 10 minutes to create a MetaMask wallet account. With that, the Ethereum wallet address will activate and you can explore the functionality of the wallet.
During the setup of a new wallet, you need to unlock your Secret Recovery Phrase. Be sure to store this Secret Recovery Phrase safely. With this Secret Recovery Phrase, you will be able to access your Ethereum wallet on any device.
If you will lost your Secret Recovery Phrase maybe you will not be able to recover your wallet. According to Metamask, if you lose your Secret Recovery Phrase, MetaMask can’t help you recover your wallet.
To keep your wallet safe and secure from hackers never disclose your Secret Recovery Phrase or your private key(s) to anyone or any site, unless you want them to have full control over your funds.
3. Deposit Funds and Buy ETH
After the creation of an account on Metamask wallet, now it’s ready to use. You just need to deposit funds into your Metamask. You can easily buy Ethereum with a debit card or Apple Pay directly within MetaMask by clicking “Add funds.”
There is another way to deposit ETH in Metamask by your crypto trading exchange. If you’re using any crypto exchange you can transfer Ethereum easily on Metamask by adding your MetaMask public address. You can also add Binance smart chain in Metamask and deposit BNB from your exchange for trading.
You can find your MetaMask address under the account name (in the format 0x12r45…6HJ9).
4. Use Metamask for Crypto Trading
Adding cryptocurrencies in your MetaMask account (such as ETH and ERC-20 or, ERC-721 tokens) allows you to invest, trade, play games, own unique digital items (NFT collectibles), and much more.
You can swap your ETH with any cryptocurrency that you wish to buy by adding the contract address of crypto coins. You can find the contract address of the coins on CoinMarketCap or CoinGecko easily.
Metamask also asks you about the confirmation if you wish to buy new cryptos because there can be also scams and anyone can create fake cryptos easily. We suggest our visitors to verify first about any crypto before buying on Metamask.