How Safe is MetaMask?

[Victorik]

It has always been advised not to hold your assets in exchanges. it is a very risky venture to do so.
As for metamask, I have been using it for years and I have had no security isssues using them. I speak for myself though, someone might have a contrary opinion.

[Belarge]

It has always been advised not to hold your assets in exchanges. it is a very risky venture to do so.
As for metamask, I have been using it for years and I have had no security isssues using them. I speak for myself though, someone might have a contrary opinion.

The space is filled with volatility, we just have to be careful when dealing with the system. Metamask is a reliable exchange, atleast I've withdraw my gigantic profits from the system, not holding back from making good chance of earning. What I can be confident of are crypto related exchanges that I've used and not the ones mentioned on board. I can sense that most of these exchange are overhyped, they don't stand any solid chance of exploring to become better opportunities for most of these investors.

[Victorik]

It has always been advised not to hold your assets in exchanges. it is a very risky venture to do so.
As for metamask, I have been using it for years and I have had no security isssues using them. I speak for myself though, someone might have a contrary opinion.

The space is filled with volatility, we just have to be careful when dealing with the system. Metamask is a reliable exchange, atleast I've withdraw my gigantic profits from the system, not holding back from making good chance of earning. What I can be confident of are crypto related exchanges that I've used and not the ones mentioned on board. I can sense that most of these exchange are overhyped, they don't stand any solid chance of exploring to become better opportunities for most of these investors.

Yeah. Metamask is reliable and I rarely hear anyone talk about having issues with them. Although some newbies who do not understand how to use it may not really like it. Initially, early in my crypto journey, I didn't really like using metamask, because I didn't understand a thing about them. But as time progresses I have been using them a great deal.

[Adreman23]

I have become increasingly concerned with security considering all of the attempted hacks, scams etc..

Knowing this I have moved much of my funds out of exchanges, but now if I hold these funds in MetaMask, can someone initiate a payment without my consent?

I received a full-screen warning from MetaMask with a warning for Ethereum Phishing.


Keen to hear your thoughts

Yes it is possible for anyone to initiate a transaction without your consent on metamask or any wallet, especially if your private key has been compromised, particularly through phishing attacks. If you suspect that your private key may have been leaked, it is advisable to transfer your funds to another wallet promptly to ensure the security of your cryptocurrency. In my opinion, metamask is one of the safest online wallets available, but the responsibility ultimately lies with the user to exercise caution and avoid potential hacking risks.

[BD Technical]

Meta mask.  Secured from all sides but it disappeared from the wall a few days before me.  I don't understand why this happened, maybe someone fixed it as mine or I am a third party phishing site.  I have read it.  How can I free myself from this?  I have a lot of means pretty much hacker now but I haven't put everything online I can do everything I can start it but sometimes dollars disappear from my all.  I can get a lot out of this if anyone can help me in any way it would be great.  A few days ago I almost.  Like $63 is gone.

[YUriy1991]

I have become increasingly concerned with security considering all of the attempted hacks, scams etc..

MetaMask is the simplest wallet to use, but like other wallets you have to follow security practices too. Try to save the password manually along with the password correctly. If not, there will be a lot of people trying to get into your account if they randomly track a wallet address which happens to be yours and has a lot of content in it. Must be careful.

[yazher]

It has always been advised not to hold your assets in exchanges. it is a very risky venture to do so.
As for metamask, I have been using it for years and I have had no security isssues using them. I speak for myself though, someone might have a contrary opinion.

Same for me because I have been using it and sent and received huge amounts of ETH already from it and there were no problems encountered by me but that does not mean that others have the same experience as well because most users' recommendations are not these kinds of wallet rather a hard wallet that only you who have the full authority to control it. Let's just say if you don't have any alternatives or you have not bought any hard wallet yet, you can always use it just like others using Electrum for their alternative Bitcoin wallets since they don't have enough budget to buy hard wallets yet.

[Victorik]

It has always been advised not to hold your assets in exchanges. it is a very risky venture to do so.
As for metamask, I have been using it for years and I have had no security isssues using them. I speak for myself though, someone might have a contrary opinion.

Same for me because I have been using it and sent and received huge amounts of ETH already from it and there were no problems encountered by me but that does not mean that others have the same experience as well because most users' recommendations are not these kinds of wallet rather a hard wallet that only you who have the full authority to control it. Let's just say if you don't have any alternatives or you have not bought any hard wallet yet, you can always use it just like others using Electrum for their alternative Bitcoin wallets since they don't have enough budget to buy hard wallets yet.

Yeah. Hard wallets are the best bet. But not everyone can afford to get a hard wallet.
There are people using these custodian wallets like metamask for years and have never had any issues with their wallets. Most times, problems normally arise if your seed phrase is exposed, it makes it easy for your wallet to be compromised.

[Rengga Jati]

It has always been advised not to hold your assets in exchanges. it is a very risky venture to do so.
As for metamask, I have been using it for years and I have had no security isssues using them. I speak for myself though, someone might have a contrary opinion.

It's been quite good so far using Metamask. However, this is not recommended when using it for long-term investment, in the sense that we want to hold many sets in Meta Mask for a long time. No matter how safe it is, online wallets still have risks in various ways. These risks can be in the form of hacks, phishing links, malware, and also several other online wallet problems that can have fatal consequences for our assets. Therefore, if you want to store assets for a long time and with a large amount of nominal value, I personally would recommend hardware wallets. This is much less risky. Unless it's only temporary or for a specific purpose, maybe Metamask functions well and is very helpful, especially when we connect it with several DEXes.

[ichsan ardi]

If your assets are already large, you should self-custody using Trezor or Ledger. Warning first, this is not a sponsor or anything, I'm just giving advice because we have 100% full control over the assets we have. You have to learn that if your assets are already large.

[irsykes]

Metamask is a good swallow to wear during use, if you have questions about safety it all depends on yourself. How to take good care of it is not easy, as bounty participants may be familiar with the busy world of airdrops. and Don't easily connect our wallet to the Airdrops site, which means it's not easy because many wallets are lost, which is a key effect

[Ngemmeng]

It has always been advised not to hold your assets in exchanges. it is a very risky venture to do so.
As for metamask, I have been using it for years and I have had no security isssues using them. I speak for myself though, someone might have a contrary opinion.

I keep most of my assets on exchanges and a small part in my personal wallet, but so far I haven't encountered any significant problems either. If you save it on an exchange, save your password carefully and use all the double security features, if you save it in a personal wallet, save your recovery password carefully and don't connect your wallet to any site.

[Bitcoin_Arena]

In terms of privacy, it's not safe. They will collect your data if you use their default RPC provider. Read through this thread

[Ben Barubal]

   In over a year of using metamask, I haven't had any problems with this apps wallet. Because I don't put a lot of value on metamask either. Then if you are sure of what you are doing in metamask and you are sensitive to the actions of hackers, for sure you will not fall victim to those exploitative people.

   But what others are saying is right that it's okay to use it as long as you don't put a large amount into the metamask, but if it's a large amount, it's really recommendable to use a hardware wallet rather than software wallets like that.

[husencoe]

I think Metamask is one of the best for now. Your picture is the proof that Metamask always protects you in your transactions. He said that the page you visited was marked as a malicious website based on their data. I recommend continuing to use metamask rather than being naked with your private key, obviously that is more dangerous. To store assets, I suggest you create a new wallet using MEW, and only use metamask for transactions by importing your wallet via metamask. Creating a wallet with metamask is a bit risky when other people know your key phrase and password. Having a lot of ETH, maybe buying a hardware wallet is safest.

[tengui]

It has always been advised not to hold your assets in exchanges. it is a very risky venture to do so.
As for metamask, I have been using it for years and I have had no security isssues using them. I speak for myself though, someone might have a contrary opinion.

So have you ever had problems when storing assets on an exchange? If yes, you should also tell it.
sometimes they keep their assets on the exchange because they do day trading or short-term investments. This is done to save costs, because if they make deposits and withdrawals all the time they lose a lot of costs.

[Taskford]

It has always been advised not to hold your assets in exchanges. it is a very risky venture to do so.
As for metamask, I have been using it for years and I have had no security isssues using them. I speak for myself though, someone might have a contrary opinion.

I keep most of my assets on exchanges and a small part in my personal wallet, but so far I haven't encountered any significant problems either. If you save it on an exchange, save your password carefully and use all the double security features, if you save it in a personal wallet, save your recovery password carefully and don't connect your wallet to any site.

This has been tackled up in a lot of discussion that its never good to store your asset on exchange since there might issue to rise and your asset will be in trouble if scam happens.

For now you might not experience yet those issue but remember that FTX is a reputable exchange before but unfortunately they became scam and put a lot of their platform user in trouble, That's why its important to know about Not your keys not your coins keyword so that you will always be aware on this matter and move on possibly your funds to exchange then locate those wallets that you can truly trust the more. Metamask is good platform but we don't know on when they might encounter a issue so they need to do good decisions about this.

[john1010]

I have become increasingly concerned with security considering all of the attempted hacks, scams etc..

Knowing this I have moved much of my funds out of exchanges, but now if I hold these funds in MetaMask, can someone initiate a payment without my consent?

I received a full-screen warning from MetaMask with a warning for Ethereum Phishing.

Picture below:



Keen to hear your thoughts

Your concerns about security with MetaMask are valid, especially given the rise in attempted hacks and scams in the crypto space. While MetaMask is a popular choice for managing Ethereum and other tokens, it's crucial to remain vigilant and take necessary precautions to protect your funds.

Regarding your question about unauthorized payments, MetaMask does offer robust security features to prevent unauthorized transactions. However, it's essential to ensure that your MetaMask wallet is adequately secured with a strong password and, if available, two-factor authentication (2FA).

The full-screen warning you received about Ethereum phishing is a testament to MetaMask's commitment to user safety. This warning indicates that MetaMask is actively monitoring potential threats and taking steps to alert users to potential risks.

In addition to relying on MetaMask's built-in security measures, consider practicing good security habits such as avoiding clicking on suspicious links, double-checking transaction details before confirming, and keeping your MetaMask software up to date with the latest security patches.

[GoldMagic]

Edit_

Keen to hear your thoughts

Your fear is very natural
I think about hacking etc.
usually it can't be avoided by us because there are most heckers who are used to doing things like that.
without having to log in without having to wait for our approval it can be done by heckers.
But what I know about metamask is that there is a guarantee of safety, especially since metamask has become a popular tool for payments etc., in crypto.
but also on the other hand we must also be careful and maintain security measures about metamask.
and not trust just anyone even if that person is our closest friend.

[strunberg]

It has always been advised not to hold your assets in exchanges. it is a very risky venture to do so.
As for metamask, I have been using it for years and I have had no security isssues using them. I speak for myself though, someone might have a contrary opinion.

Exchange wallets are custodial wallets and metamask is a non-custodial wallet. Storing your assets on an exchange means you are handing over your assets to a third party who has the private key to your wallet. Exchange wallets are not completely under your control. It will be a problem when something happens to that exchange. Therefore although metamask does not provide you high security like ledger, but at least it is much safer than storing in exchange wallets.