Creating Cryptocurrency wallet chrome extension like MetaMask has become easier, all you will need is a script to develop a wallet of such type. Below you can find the details about the MetaMask Wallet and the way to develop a crypto wallet like MetaMask.
Let’s just get to know the criterion of a good cryptocurrency Wallet! We all know that the cryptocurrency wallet is an app (for mobile) or an extension (for desktop) that helps to hold / send/ receive cryptocurrency easily whenever and wherever needed.
A good Crypto wallet needs to specifically fit into this criterion
Wallet that supports you to control your private keys.
Easy to use User Interface.
Good and Active Development community
Well developed Backup and restore features.
Compatible with different OS.
If you are to develop a Crypto wallet, always keep this in mind.
What is MetaMask Wallet?
MetaMask Wallet is an Ethereum Wallet that allows you to connect with Etheruem Blockchain. It also acts as a DApp browser for blockchain based applications and lets people to use Ethereum DApps through it. The Metamask Wallet is used as browser extensions in various browsers.
Being one of the best Ethereum wallet for desktop users, MetaMask allows one to manage, transfer and receive ethers along with the facilitation of usage of thousands of ERC20 tokens present in the ethereum blockchain. It has also recorded about 1,000,000 downloads overtime.
MetaMask company, that’s based out in California, USA mentioned its aim as: “Our mission is to make Ethereum as easy to use for as many people as possible”.
Intutive and Easy to use UI- With the help of user experience engineer
Multilingual- Present with 18 national/ international language
HD (Hierarchical deterministic)Wallet- helps to backup using the single seed produced during the setup.
Custom fee- for transactions within the ethereum system.
ERC20 tokens- can easily add ERC20 tokens in the MetaMask Wallet.
Integrated with Crypto exchanges- allows users to buy ether from Coinbase and Shapshift
Network options- Developers in the ethereum platform can access the testnets through MetaMask wallet.
Open source- The codes are online and free to access.
Since Metmask is a web wallet that is supported in various browsers via extensions, one can install the MetaMask add-on in Chorme, Firefox, Opera and also in Brave browser.
How to Manage Cryptos (Send/ Receive) in Metamask?
Once the MetaMask extension is been installed in the brower, one can easily transfer ETH on MetaMask. Let’s see the whole process.
To receive ETH, select the three dots that’s present in the top right corner and further select “ Show QR Code”.
After that, a QR code would show up along with an ETH address that will be below the QR code. The code can then be scanned or copied to send ETH to the wallet.
Now in order to send ETH from MetaMask to other wallet, one can select the “Send” button present in the home screen of the wallet page.
Then one needs to fill up the “Recipient Address” & “Amount” that will be needed to transfer out.
How to manage ERC20 Tokens on MetaMask
This is quite easy! In MetaMask ERC20 tokens are supported by default.
After unlocking MetaMask, one needs to select the “ Tokens” button and then select “Add token”.
Now one has to update the token details that’s to be added in the MetaMask.
The details such as Contract address, Token Symbol, and token decimals is given in the required fields, then click “Add”. For example if you want to add BNB token
Token Symbol: BNB
Token Decimals: 18
Token Contract Address: XXXXX….
Now the BNB will be added to the MetaMask wallet. The same way one can add ERC20 tokens to the MetaMask wallet.
MetaMask with Trezor?
If you connect the Trezor Device with MetaMask, then the ETH account will be reflected in the MetaMask’s UI as Trezor account. After opening the app, you will be able to get the entire transaction history. But, in order to carry out the operations, you need to signin using the private keys that will be possible only by using Trezor device. The MetaMask will send the required request to the Trezor, example, when signing a transction or a message.
After importing the account, you can disconnect the Trezor and the transaction history will remain in the Metamask, as it holds the public key to your connected account. In order to remove the history from the app, disconnect your account in MetaMask settings.
Connect Trezor With MetaMask
Download and install MetaMask in your Brower. (Chrome- only supported browser at present)
Click “ Connect Hardware wallet” from the top right corner.
Then select “ Connect Trezor”
There will be poop up with Trezor connect, along with a request to export the public key. Approve that to continue.
Then Select the account to be used and click “unlock”.
Connecting Trezor hardware wallet along with the Metamask doubles the security, since it allows the cold storage of large amount of Ethers in the hardware wallet. Connecting a hardware and software wallet will make crypto transactions much more reliable.
Why Pulsehyip for MetaMask Wallet clone Development?
Now you would have got an idea about how the Metamask Crypto wallet functions! If you are so inspired to develop a Extension like MetaMask Crypto wallet, you are so welcome to avail our services to develop Cryptocurrency wallet from Scratch with more added features to make you crypto wallet more compatible to the competitive environment. We provide advanced login mechanism such a trade-offs compared to the traditional mechanism. You can easily get the MetaMask Wallet script and start with creating Cryptocurrency wallet chrome extension like MetaMask. We Pulsehyip, the best Cryptocurrency wallet development Company hold avid developer who are keen in developing Next gen crypto wallets. Also we provide script to develop a wallet like TrustWallet App. Check it out!!