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What is MetaMask?
MetaMask is a cryptocurrency wallet that allows users to connect to the Ethereum blockchain. It can be used to store and exchange Ether or any ERC20 token. It is also a leading gateway to decentralized applications (dapps), offering users access to over 17,000 Web3 products, including the largest NFT marketplace, OpenSea. The wallet also supports other blockchains compatible with the Ethereum Virtual Machine (EVM), such as Polygon, BNB Smart Chain, and Avalanche.
The purpose of the 2016-built cryptocurrency wallet was to make ETH transactions as simple as possible; hence, the focus was on Ethereum blockchain tokens. It is one of the world’s most extensively used digital coin wallets and the biggest on the Ethereum network, with a user base exceeding 30 million. It is user-friendly and safe for blockchain newcomers, Web3 developers, and cryptocurrency gamers alike.
The Future of MetaMask
Since its inception in 2016, the MetaMask wallet has made significant progress and shows no signs of slowing down. It had approximately 5 million active accounts by 2020. As the blockchain sector experienced tremendous growth in 2018, the crypto storage solution significantly expanded its user base. There were approximately 30 million active wallet users by the end of 2022. The mobile app, which was introduced in September 2020, could have contributed to some of the growth. All customers can now access their wallets through the Android and iPhone apps.
The platform is focused on growth through partnerships and innovations. In 2022, ConsenSys came in with a $2.4 million annual budget commitment to fund the launch of MetaMask’s Decentralized Autonomous Organization (DAO). There have also been discussions around introducing a new interface with more features that will benefit the end user. Aaron Davis, the co-founder, has hinted at a developer-driven future, just like the Ethereum blockchain. As long as creativity is at the core of the company, this wallet will continue to be one of the best. dappGambl will continue updating you about every little development regarding MetaMask, so stay tuned.
How Does MetaMask Work?
MetaMask was initially a web-based browser add-on, but you can now download it from your AppStore and Google Play Store. Once set up, users can view their address, send and receive funds, as well as, play on gambling sites. You can also stake coins on DEX interest-earning programs like PoolTogether and Compound. Once you create an account and secure your private keys, you won’t need to manage and enter them before each transaction. It automatically signs all payments, and all you must do is confirm and authorize them. You still have to keep your security word phrases safe. Otherwise, you may never be able to recover your wallet if you lose your device.
The best part is you get all these at absolutely zero cost. Users only pay a small amount of network fees to facilitate mining. The wallet has zero control over how much you will pay, as it purely depends on the blockchain’s traffic. So, there are no extra costs. No wonder it’s the best choice for ETH holders on a tight budget.
Why Use MetaMask for Online Gambling?
The popularity of the wallet speaks volumes about its features and benefits. If you still wonder why MetaMask would be an appropriate wallet for your gambling, read this section. Here we cover all the key benefits of using the payment platform for crypto gaming.
Mobile & Desktop Compatibility
As a gambler, you want to be able to transact from any location. A wallet with mobile and desktop compatibility allows you to gamble at home, in the office during breaks, or on the go. PC gamers can install the wallet as a browser plugin on Chrome, Microsoft Edge, and Firefox. If you prefer using your phone to wager, the wallet is downloadable on any smartphone from the Android Google Play Store or iOS AppStore.
Super-Fast Payments
The wallet simplifies transactions by signing them for you, so you don’t have to key in your private keys every time. Unlike traditional bank transfers that could take hours or even days, MetaMask transactions are complete in under ten minutes. Besides, you can speed them up by using the custom gas fee feature. It allows you to pay higher than recommended network fees, attracting miners to verify your transaction quickly.
Anonymous Gambling Accounts
Traditional online casinos require you to share KYC details and more sensitive data like your banking information. Sometimes, they will need a picture of your payment card, which significantly interferes with your privacy. MetaMask wallet is different. It allows you to transact and gamble anonymously without asking you to disclose your name, social security number, or even address while installing and signing up.
The best MetaMask casinos extend this privilege by allowing you to wager without revealing your personal data. That means you can enjoy playing online and won’t have to worry about lenders and employers getting wind of your gaming and profiling you as a high-risk person.
Fair Transaction Fees
Traditional banking methods like credit/debit cards, e-wallets, and bank transfers are expensive. Mastercard, for example, charges up to 3.5% per transaction. eWallets are even more pricey, with charges easily towering 5%. Some crypto wallets like Coinbase can be expensive, too, with fees going up to 3.99%. All these expenses reduce your winnings immensely. Gambling with MetaMask wallet allows enjoying your profits without oppressive transaction costs. The wallet is free for all users, and all you have to pay is nominal gas fees, usually 0.3% to 0.875%. This amount goes to miners who secure and facilitate your transaction on the Ethereum network.
Safe and User-Friendly
The wallet employs end-to-end encryption technology to ensure that no malicious individual has access to your data. Furthermore, because you don’t share your email, name, address, or banking information, there isn’t much information that a hacker could use. If you forget your password, your 12-word seed phases will assist you in recovering it. Always keep your secret words in a safe place. Anyone who gains access to them can steal all your funds, and you will be unable to recover them. The wallet is also designed with minimal features, making it highly intuitive and user-friendly even for novices.
What are MetaMask Casinos?
Metamask casinos or crypto casinos refer to online sites that support the popular Metamask wallet. On a Metamask casino, you can use your Metamask wallet to withdraw and deposit funds, similar to how you would use a credit/debit card.
The main distinction between Metamask casinos and traditional online casinos is that the former seamlessly integrates with Metamask wallets. This allows you to make gambling transactions using some of the best crypto coins, and to log in or register on a crypto casino.
Components You’ll Need to Familiarize
Identifying Your Public Address
Every ETH wallet comes with a public address. It’s named so because it’s meant to be shared. This is what you use to withdraw funds from the casino or receive digital coins from other wallets. It works with private keys to identify the receiver’s wallet and securely authorize the transfer of funds. A public address, also called a public key, is a cryptographic code composed of a long series of letters and numbers. It may look like this:
0x8a21F844f2973F141cd7d196904947b6A1585c6d
MetaMask wallet also provides a Quick Response code (QR code) version of your public key. You can share it with anyone who wants to send you funds to access your receiver’s address quickly. It looks like this.
Public addresses are safe to share with anyone and can’t be used to steal your funds. You may compare them to your bank account number or your email address.
How to Fund/Buy & Send
As already mentioned, this wallet is super easy to use. You can fund it by buying tokens or sending crypto from an external wallet to your public address. To buy cryptocurrencies,
- Step 1: Log in to your MetaMask wallet using your password
- Step 2: Hit the “Buy” button to initiate funding your account.
- Step 3: Select one of the MetaMask-compatible exchanges and log in. We picked Coinbase, one of the best marketplaces for amateur crypto users.
- Step 4: Log in to your exchange account and buy digital currencies. The account must be funded to enable this process.
Why Play at MetaMask Gambling Sites?
In this section, we’ll weigh the pros and cons of the Metamask casinos. Let’s begin the discussion by learning about the most important positive aspects of Metamask casino gambling.
Advantages of Metamask Casinos
We will start by discussing the multi-layered security protocols designed to protect investors and holders. it’s important to note that Metamask is not just any crypto coin wallet, it’s among the highest-standard, premium crypto wallets on the market.
With growing trust in the industry and an increasing user base, the company has developed state-of-the-art internet security protocols for the application. Whether you are gambling through your Android, iOS, or desktop device, you can rely on the safety offered by the Metamask wallet.
Additionally, the use of the Metamask wallet for gambling on the internet is extremely convenient due to its efficient sign-in and registration process. All you have to do is simply copy-paste your Metamask wallet address to the crypto coin-supported gambling sites, such as the ones mentioned earlier.
Lastly, the use of cryptocurrencies for gambling ensures speedy & secure deposits and withdrawals.
Disadvantages of Metamask Casinos
Although the disadvantages are few in number, they are worth reporting.
Firstly, Metamask casinos are rare. Although development is in place, there are very few compatible casinos in the space.
Secondly, most Metamask casinos support a limited number of crypto coins.
Lastly, Ethereum tokens are necessary to cover fees at several stages of gambling on Metamask casinos.
How to Find the Best MetaMask Casinos Online?
Finding the best MetaMask casinos online is not as easy as it may initially seem. Even though the number of MetaMask casinos is low, you must look for several factors before choosing the best fit. Those factors include:
Safety and Security Standard Compliance
Make sure that the casino you choose has a license, updated regulations, and the latest standard compliance certificates. Check for the security details and make sure that it follows the industry standards set by the authorities.
Bonus and Promotion Criteria
Many casinos offer top bonuses and promotions. Check to see how frequently and at what volume these are offered to best suit you.
Customer Support
Is customer support available 24/7? Does the email address work, and is the contact number reachable from your location? it’s critical to establish a communication channel with the chosen MetaMask casino.
Sportsbook Variety
Does the chosen MetaMask casino offer the sports which interest you and the gambling games you desire the most? Some casinos offer thousands of games, but they may not necessarily be your favorites.
Fast Deposits
Time is critical in gambling. You want to be able to fund your accounts fast and cash out quickly when in need of money. Already, MetaMask gives you the swift transaction speed you need. However, some casinos may still delay payment processing, especially where approval is manual. Ensure you read through the terms and conditions of a casino to find out about their payment policies before signing up. The best MetaMask casinos offer instant deposit and withdrawals.
Game Selection
Gaming is all about entertainment. The more games you can access, the better your gambling experience. Even if you prefer a specific title, a casino with an expansive games library gives you the flexibility to learn new gambling categories. A provider with a rich blend of slots, table games, poker, and provably fair games is ideal. A sportsbook should be an added advantage. Don’t forget to confirm that games are sourced from top software developers like Yggdrasil, NetEnt, Evolution Play, and Spinomenal. Such developers are licensed and undergo regular audits, so they don’t take shortcuts.
Reputation
Although there are several cryptocurrency gambling websites, you can be sure that some are there to defraud you. As a result, reputation is useful when looking for the best MetaMask operator. Identify a website’s founding date and any prior fraud or money loss instances. Dealing with regulated platforms exclusively is the only surefire way to avoid scams, even though many crypto-wagering platforms may not be licensed. Some nations with the most effective gambling regulatory bodies are Curacao, Malta, and the UK.
Free Deposits & Competitive Withdrawal Fees
Every cost you incur while wagering will reduce your winnings. All customer-centric casino sites charge zero deposit fees. All you need to do is cover the network fee and wait for funds to reflect in your gaming account. Finding sites that offer cash out without withdrawal fees is difficult. However, you want to deal with a platform sensitive to the costs you incur, hence charging minimal fees.
MetaMask Tips and Tricks
1. Get an ENS name to get paid more easily
Often, users/vendors dread the use of complicated addresses, especially when they have to copy-paste them in order to make a payment.
However, you can make things easier in an extremely convenient manner by opting for Ethereum Name Service or ENS where you will get a personalized domain name so the transaction will be more efficient.
Your friends/vendors won’t have to copy-paste “0xef218Cb373743770f7096bAaD714B5A734bee2G5” (not an actual address. Rather, they may use, e.g., johncollins.eth.)
2. Speed up or cancel a transaction
You can’t make a new transaction unless the previous one has cleared. Also, few miners will likely pick up a pending transaction. Therefore, using the“speed up” or “cancel” button on a pending transaction to move it down the queue will allow more important ones to be processed.
3. Download Ethereum Gas station extension
Install the Gas Station Network Chrome plug-in to identify the median gas prices based on the previously completed transactions. That way, you will know how much gas money to pay for each transaction.
Best Metamask Casinos Final Verdict
MetaMask is a good alternative if you’re searching for a quick, dependable, secure, and reasonably priced payment method for your gambling. However, remember that it only functions with ETH and cryptocurrencies that are ERC20 compatible. Players who want to wager with other currencies, such as BTC and LTC, may need to consider using different wallets. Nevertheless, this site also accepts wrapped coins, such as Wrapped BTC. So feel free to register with MetaMask and begin betting right now. Why not share this post with your friends and family if you find it helpful? We’ll be here to continue producing new content for you.
FAQs
If you fit the criteria and comply with the necessary terms and conditions, claiming bonuses on MetaMask casinos is possible.
Once completed, you can enter the claim process which may involve making transfers or subsequently increasing your casino account balance.
MetaMask uses the Ethereum blockchain which employs elliptical-curve cryptography. This new blockchain technology is far more secure than the current SWIFT (traditional banking) network and is known in the industry for its out-of-the-box security developments and high-tech safety standards to preserve all transaction details under countless layers of protection. From a 12-word seed phrase to a strong password, the wallet keeps you and your crypto coins safe.
It’s fairly simple to withdraw your winnings and other Metamask casino account funds using your MetaMask wallet. However, you must know that the withdrawal will take place from your bank account or the bank card that you use. Since there’s no withdrawal page on the MetaMask wallet, you will have to transfer the funds from the Metamask casino to the wallet.
After that, you will use the wallet’s features to transfer the funds to your bank account or bank card. Then, using the bank card or bank account, you can make a direct withdrawal of funds.
Yes, MetaMask is completely gambler-friendly and supports deposits to online Metamask casinos for gambling activities. You can easily make deposits to nearly any type of casino on the internet compatible with MetaMask.
The use of advanced technology, state-of-the-art encryption tech, and ongoing security development keeps MetaMask one of the safest cryptocurrency/token wallets in the industry.
Only platforms that are Metamask compatible and accept major ERC-20 compliant tokens will accept MetaMask deposits.
Reviewed and Fact Checked by Vlad Hategan , NFT Gaming Specialist