Introduction Metamask Cryptocurrency Wallet
As the cryptocurrency and NFT demand grows there are more software such as Metamask that allows investors to transfer their funds. Metamask is a software cryptocurrency wallet that can be used to connect with the Ethereum blockchain. With over 21 million users worldwide the Metamask platform is quickly becoming the next best place to buy, store, swap and send tokens. For those that are new to the cryptocurrency space this is all new terminology. Therefore, I would first start with the basic of crypto before moving to exploring the different blockchains. Once you have a good understanding of the different types of digital assets you can then explore the online crypto exchanges that are on offer to trade cryptocurrency.
Purchasing cryptocurrency with Metamask
Looking to purchase your cryptocurrency is where Metamask is integrated, You will be required to store your crypto either via an exchange or crypto wallet. The Metamask software enables you to access it;s wallet via a chrome browser extension or via a mobile app. Here you can further explore different avenues to integrate with other blockchain apps (decentralised applications). The software allows your to transfer digital assets on the Ethereum network to other digital wallet and receive funds.
Trading with Metamask
One method to start trading and swapping assets is to use the NFT platform Opensea. This is a market place to be able to buy and sell digital artwork with other users of the platform. An alternative method would be to earn rewards and transfer them direct to your wallet. This can be done through providers such as Good Dollar. Good Dollar is a wallet that provides you with Good Dollar tokens that can be exchanged for Ethereum crypto. I have outlined an overview to show you how easy it is to get started with a Metamask wallet and begin your journey to using new decentralised apps. The following instructions are how you can get access to free Good Dollar rewards when connecting your Metamask wallet to the app.
Good Dollar Referral Bonus
To start using the app and earning yourself a $5 reward you can sign up for GoodDollar and start collecting your daily digital tokens. To start you will need to use my invite link and receive an extra 50 G$ bonus.This can then be converted to Ethereum in your Metamask wallet following the instructions in the link in the above paragraph. You will be required to complete the follow:
- Sign up to the Good Dollar App (signup here)
- Download the Metamask wallet (download here)
- Transfer the Good Dollar G$ tokens to the wallet (Detailed Instructions)
- Covert to Ethereum tokens to start using decentralised platforms for NFTs
This is an introduction into exploring what Metamask has to offer. From here you can use your funds to further explore the NTF tokens and other decentralised features that the other apps have to offer.
MetaMask Summary
Metamask is a new way to store cryptocurrency via the Ethereum blockchain. With these digital assets you are able to start exploring the world of NFTs and decentralised applications. There are rapidly evolving features within the app that are making it easier to transact. This includes the ability to swap, trade and transfer assets between wallets for an enhanced user experience. There is still more to learn about what these apps can offer into the future. Therefore, learn about what crypto has to offer with staking to create a passive income stream.
