Is MetaMask a safe wallet?
Yes! MetaMask claims to provide state-of-art security to your dumped assets and also has a huge prominence among traders which indicates its reliability. This wallet is encrypted with a special kind of security- MetaMask Secret recovery phrase which is a 12-24 word phrase used to recover your wallet.
What is the MetaMask fee?
Yes! MetaMask won’t ask for any kind of MetaMask sign up or subscription fees, the wallet creation on the platform of MetaMask is completely free. Only, while making transfers, you need to pay a small amount of gas fees.
Is it safe to have MetaMask on my phone?
MetaMask allows you to install the mobile app for both Android and iOS and Android users. The mobile app of the MetaMask is equipped with the same security facets as MetaMask browser extensions, so using MetaMask on a phone is completely safe. One thing to keep in mind is mobile phones are probably easy to hack than PCs so it’s good to use a browser extension instead of the mobile app.
What are the risks with the MetaMask wallet?
As a software wallet, the security of the wallet majorly depends on the user. So, if you are using a MetaMask wallet, you should be aware of a few security practices such as don’t share the password and recovery phrase, don’t use your wallet in public or on someone other’s device and always keep your wallet locked when it is not in use. You may avoid the risk of losing data and funds with these security practices.