MetaMask (also called Little Fox Wallet in Chinese) is a free and well-received encryption wallet software. Currently, BTCC supports binding to the MetaMask wallet. After binding, you can use the MetaMask wallet to quickly log in, store value, buy coins, etc., and you can also get 20 USDT trial bonus for the first binding.

In the BTCC MetaMask wallet tutorial, we will introduce in detail how to register and use MetaMask, and how to bind and use the Little Fox wallet in BTCC.

What is MetaMask wallet?

MetaMask Little Fox Wallet has over 30 million users and is one of the most popular cryptocurrency wallets today. It is free to use and can be installed as an extension on web browsers, Google Chrome, Firefox, Brave and Edge, and can be downloaded as a smartphone app on iOS and Android.

So, why is the MetaMask wallet so popular? What are its functions?

1. MetaMask wallet function introduction

MetaMask was launched in 2016 by ConsenSys, the world’s largest Ethereum development company. It allows you to buy, sell and trade on the Ethereum blockchain. Crypto assets, just like real wallets.

On MetaMask you can do:

• Buy, receive, send and exchange Ethereum (ETH)
• Buy, receive, send in the market and exchange non-fungible tokens (NFTs)
• Connect to Ethereum dapp
• Connect to other crypto wallets
• Play blockchain-based games
• Access to different networks, such as BNB smart chain and other test networks

2. MetaMask wallet advantages

The Little Fox Wallet is so popular not only because the wallet is free to use , and has a long history, especially because of its comprehensive functions and high security.

Below, we have summarized several main advantages of the MetaMask wallet:

• Simple setup process: MetaMask provides a user-friendly and hassle-free setup process. Users can download a browser extension or app and follow simple instructions to set it up, or simply import it using a 12-word mnemonic phrase.
• Support for multiple blockchains: MetaMask is known for its extensive support for multiple blockchains, including Ethereum, Binance Smart Chain, and many layer 2 networks such as Arbitrum, Polygon, and many others.
• High Security: MetaMask stands out for its strong focus on security, privacy, and decentralization. Users can easily download and install the wallet without revealing personal data, ensuring anonymity while protecting user information. The decentralized nature of MetaMask ensures transparent transactions visible to connecting nodes, preventing a single entity from gaining control of the entire wallet system.
• Earn rewards through staking and holding: Users have the opportunity to earn additional tokens through airdrops and staking on MetaMask. Staking involves locking tokens in a vault for a specific period of time, allowing users to generate profits expressed in APY (Annual Percentage Yield).
• Supports a wide range of Ethereum-based tokens: MetaMask supports a variety of cryptoassets built on the Ethereum network. These include popular tokens such as Ethereum (ETH), Tether (USDT), USD Coin (USDC), and more, ensuring users can easily manage and interact with their favorite assets.
• A central hub for dApps: MetaMask is a hub for decentralized applications (dApps), serving builders, NFT enthusiasts, and Web 3 enthusiasts alike. Through MetaMask, users can access a wide range of dApps, facilitating seamless interaction and exploration of decentralized ecosystems.

3. MetaMask Wallet Disadvantages

However, the Little Fox Wallet also has its own shortcomings, including:

• Cannot be directly converted to legal currency: MetaMask As a decentralized wallet, there is no direct support for third-party remittance companies, resulting in the inability to seamlessly convert cryptocurrencies into fiat currencies.
• Lack of 24/7 Live Customer Support: While MetaMask may be good for most of its services, customer support is not one of its strengths. Given its technical nature, the lack of a 24/7 support system is a major drawback, especially for beginners.
• No support for Bitcoin: MetaMask does not support Bitcoin, the largest cryptocurrency by market capitalization, and it may not be the most suitable option for new cryptocurrency investors looking for comprehensive help.

MetaMask wallet usage tutorial

Previously, we briefly introduced the functions, advantages and disadvantages of the MetaMask wallet. In the following Little Fox Wallet tutorial, we will provide a more detailed introduction to the MetaMask wallet function. introduce.

1. How to log in and set up the Little Fox wallet?

First of all, if you want to start using MetaMask wallet, you can follow the steps below.

The process of getting started with MetaMask is very simple. Start by downloading the MetaMask mobile app for Android and iOS, or a browser extension compatible with popular browsers.

After installation, a Welcome to MetaMask message will be displayed, and then wallet configuration can begin.

You can choose to import the wallet or create a new wallet. Create Wallet is for users who wish to set up a new MetaMask wallet. Importing a wallet is for users who already have a MetaMask wallet on another device and want to import it to a new device.

New users can select "Create Wallet" to initiate the process, while rejecting or accepting permission requests to collect anonymous usage data designed to enhance the product. At this time, you will be prompted to create an eight-character password and provide a 12-character mnemonic phrase to back up your account.

It is recommended to write your mnemonic phrase on a piece of paper and keep it in a safe place. If you use a different browser, you will need it to access your wallet again. If you are transferring to a wallet, you will need to enter an existing mnemonic phrase. Losing access to your mnemonic phrase may result in permanent loss of wallet access.

Once the seed phrase is confirmed, users can begin conducting transactions, including sending funds, purchasing cryptocurrencies, exchanging tokens, and participating in staking activities.

2. How to transfer cryptocurrency to MetaMask wallet?

If you have ETH or other Ethereum tokens in other wallets, you can deposit funds directly through the "Transfer" function. The following is specific operation instructions.

First, open MetaMask and select the desired account by clicking the drop-down arrow next to the account icon in the upper right corner of the window. Once selected, click "Copy Address" on the right side of the screen. Your MetaMask wallet address is 42 characters long and starts with "0x". You can find it under your account name (in the format 0x12r45…6HJ9).

Suppose you wish to transfer ETH and tokens from another wallet such as Coinbase to your MetaMask account. All you have to do is log into Coinbase and click the "Send/Receive" button. Check and enter all the necessary details, such as the amount of ETH you want to send and the amount you will "pay" with Ethereum.

Then paste your MetaMask public address into the "To" address box. You can add comments if you think it's necessary. Finally, click "Continue" to check your transfer and if everything is OK, click "Send Now". You can also share your address with people who send you tokens.

3. MetaMask Trading Tutorial

Next, you can use the Little Fox Wallet to start trading. The following will be divided into 3 main transaction steps.

(1) Purchase Cryptocurrency

If you do not have cryptocurrency in another account, you can purchase ETH directly on MetaMask using fiat currency.

To do this just go to your wallet homepage and click "Buy". Payment methods are Wyre or Transak, and Apple Pay and credit or debit cards are supported.

At the bottom of the screen, you'll notice slippage charges, which is the difference between the expected price of a trade and the execution price. It often occurs during periods of high volatility.

You should see your balance update a few minutes after the transaction is processed on the Ethereum blockchain.

(2) Send cryptocurrencies

In the MetaMask wallet, you can send the cryptocurrencies in your wallet to other people.

Return to the wallet homepage, click "Send", enter the sending address, the amount of cryptocurrency, and click Next. You can also speed up transactions by adjusting the estimated gas fee.

After verification, you should view this transaction in your history.

(3) Exchange cryptocurrencies

In addition to sending cryptocurrencies, MetaMask wallet also allows you to exchange cryptocurrencies.

Go to your wallet homepage and click "Exchange" to exchange one cryptocurrency token for another cryptocurrency token. Select the token you want to exchange in the "Exchange Source" field. Enter the amount. Select the token you want to exchange in the "Exchange to" field.

After that, in the Slippage Tolerance section, select or enter your own slippage percentage. If your maximum slippage percentage limit is exceeded, the order will be canceled.

MetaMask will collect rates from DEX aggregators and DEXs and show you the best quotes and gas fees. If you're satisfied with the quote, click "Exchange" and wait for the transaction to complete.

How to bind and use MetaMask wallet in BTCC?

BTCC now supports binding to the MetaMask (Little Fox) wallet. After binding, you can use the MetaMask wallet to quickly log in, store value, buy coins, etc.

The following are the specific steps:

step 1: Click on the MetaMask wallet icon entrance on the login page

step 2: Jump MetaMask wallet, complete operations such as logging in to the wallet, selecting the wallet account (wallet address) link, and signing.

#step 3: Verify BTCC account (mobile phone number or email).

It should be noted that a BTCC account can only be bound to one MetaMask wallet address. If the entered mobile phone number or email address has completed account opening, the BTCC account password needs to be verified.

#step 4: Request MetaMask wallet signature for security authentication.

#step 5: Bind MetaMask wallet successfully and log in automatically.

BTCC MetaMask Recharge Tutorial

After binding BTCC to the Little Fox wallet, you can perform deposit and recharge operations. The following are the specific steps:

step 1: Connect the MetaMask wallet and transfer ETH.

#step 2: Jump to the MetaMaskf wallet and complete the currency transfer.

# If you have any questions about the above content, please feel free to contact the online customer service on the official website or APP, and someone will answer your questions.

It should be noted that currently only ETH is supported, but you can exchange ETH into cryptocurrencies such as Bitcoin (BTC), ADA (ADA), Tether (USDT), etc. through the flash exchange function.

The above is the detailed content of BTCC tutorial: How to bind and use MetaMask wallet on BTCC exchange?. For more information, please follow other related articles on the PHP Chinese website!