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Showing posts with the label MetaMask

Metamask vs. Coinbase Wallets: Which One is Right for You?

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  Meaning of Metamask  Metamask is a software cryptocurrency wallet that is designed to run as a browser extension for Google Chrome, Mozilla Firefox, Opera, and Brave web browsers. It allows users to interact with Ethereum-based decentralized applications ( dApps ) on the web without running a full Ethereum node. Metamask also bridges users and the  Ethereum  blockchain, providing a secure and easy-to-use interface for managing Ethereum-based digital assets, including ether (ETH) and  ERC-20 tokens . In essence, Metamask acts as a gateway for accessing the decentralized world of blockchain technology and cryptocurrencies. Meaning of Coinbase Wallet  Coinbase Wallet is a  non-custodial  mobile wallet and decentralized app (dApp) browser for managing and storing cryptocurrency assets. It was launched by Coinbase, one of the world's largest cryptocurrency exchanges, in 2018. Unlike a custodial wallet, where a third party holds your private keys and controls your funds, Coinbase Walle

Custodial vs. Non-custodial Wallets: What’s The Difference?

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  Did you ever wonder where and how your cryptocurrency is kept? Token holders will use many styles of crypto wallets to store crypto. But, they will typically be split into two broad categories: custodial and non-custodial wallets. A custodial wallet, such as Binance Custody, could be a service that owns the personal key to your notecase and takes custody of your assets. Your regular Binance account is additionally a protective notecase. In distinction, if you utilize a non-custodial notecase, you alone have complete management over your assets:  MetaMask  and Binance Chain wallet area unit samples of non-custodial wallets. Both protective and non-custodial wallets have their execs and cons. Let’s explore their variations; therefore, you’ll learn to use one kind or the opposite once. What is a Custodial wallet? Custodial wallets are almost always web-based and are occasionally offered by centralized cryptocurrency exchanges such as Coinbase. Most exchanges’ interfaces are unit designe