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Is It Safe To Share MetaMask’s Public Address?



One of digital assets’ most significant issues and problems is their insecurity. The main reason why people don’t trust investing in them is that they feel that losing them is easy. As a matter of fact, this is why most potential investors avoid investing in intangible assets. The daily online scams that they get to know about make it tough for them to trust their validity. know more about Immediate Edge by clicking here. 

However, if you do things in the right manner and manage your digital properly, no kind of online scam will affect you. In this article, you will get to know the kind of care you need to keep your digital assets safe. 

First things first, you need to know the difference between the two kinds of wallets in which you can keep your digital assets. These are cold and hot wallets. Where the cold wallet is the offline wallet that comes in the form of hardware, the hot wallet is always connected to the internet. For quick and efficient transactions, obviously, a hot wallet comes in handy. 

If you are an efficient trader and make transactions every day, the hot wallet would surely be a necessary tool for you. 

While choosing the wallet, you need to be aware of the custodial wallets and their benefits as well. These wallets offer you a private key through which you can access your funds. However, this key is held by a third party. Some major examples of these custodial wallets are Kraken, Coinbase, and Finance. Owing to being super easy to use, these have been some of the most sought-after platforms for traders.

Custodial wallets offer free-of-cost transactions, and you can opt for account recovery quite easily. However, at the same time, they keep you at constant risk. This is why opting for it would always make you feel skeptical regarding the security of your digital assets. 

This is why the MetaMask turns into the most reliable wallet that you can ever get your hands on. 

MetaMask As A Reliable Wallet

MetaMask has now turned into an ethereum wallet that’s equally safe for NFT transactions as well. Currently, more than twenty million users make transactions quite frequently. The best part about using MetaMask is that it is easy to use through the phone as well as the laptop browser. 

MetaMask lets you manage digital assets quite efficiently. It lets you have your own key vault, token wallet and secure login. The personal token exchange makes things even more secure. Hence, MetaMask and the bitcoin trading software make transactions pretty easy and highly secure. 

Being a non-custodial wallet, you can trust MetaMask with your eyes closed. It’s a custodial user item and the wallet itself does not keep any fragment of the user data in any of its servers. With the help of your biometric information or passwords, you can enter the wallet. Using a seed phrase, you can also restore your account as per your preference. 

Sharing MetaMask Public Address

It’s completely safe to share the wallet address with anyone. By sharing your wallet’s public address, you don’t end up harming the security of your digital assets. As a matter of fact, no one can steal your digital assets simply by knowing the public address of your wallet.

While giving off tips or receiving payment, you can always share the public address of the MetaMask wallet, without worrying about anything. Cryptocurrencies are kept from being stolen this way. 

The MetaMask wallet addresses are not linked with each other. With the help of a mnemonics phase, you can access the account along with a private key and an extended public key. These are highly encrypted wallets that one can’t reach inside through a single address. Rather, multiple addresses are needed for that. 

A single address can help you access your wallet through multiple devices. This way, using the wallet gets easier and more convenient no matter where you are.

Final Thoughts

MetaMask is highly secure and there is no way one can reach it simply by knowing the public address. This is why it’s completely safe to share the public address of this wallet with anyone, anytime. By sharing this address, you can send and receive funds much more conveniently.

Bernard Bassey is a graduate of Software Engineering from AfriHUB University, Abuja. He is an expert in field journalism, his interest in socio-politics activities is keen.

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