Review on MetaMask by noy jacker
metamask
When I first tried to install an Ethereum wallet locally on my computer, I soon found out that it wasn't an easy task.
In contrast to the ease of installing my favorite Electrum Bitcoin wallet, I wasn't able to find a simple desktop Ethereum
wallet that would work without problems. So I was forced to use (MEW).
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Recently I discovered MetaMask.
Metamask is a safer alternative to MyEtherWallet because it prevents phishing and should in general be a better
option than using a direct online MEW wallet.
Moreover, with Metamask, you are always one click away from sending your funds. You need not search for keystore
files or private keys to transfer your tokens.
Using a hot wallet like MetaMask, however, is not a good option for long term storage of funds, so you should use MetaMask
for transferring or keeping smaller amounts of coins.
Warning: For larger amounts, you should always use HARDWARE wallets or some cold storage solution (for example MEW installed
offline on an AIR GAPPED computer).
I've seen many topics here on the forum where users complain that they have either lost their MEW private keys (or keystore files)
or they have been robbed of their tokens due to phishing when trying to manipulate their coins on MyEtherWallet.com.
Hopefully this guide can help them switch to MetaMask, which is a safer solution
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Pros
- the plus is that it's easy to use
Cons
- the negative cannot be for all wallets
