My Metamask won't accept my password and I know it is correct. I have the seed phrase and the password I created to sign up for the metamask. If I reset my wallet, is there a chance I would lose my coins? I can't have that. Also, is the "password" different than the seed phrase,,, becaue it accepted this password before.. I didn't change it.
Before I could just reload the phone and it would ask for the face id and I would be good to go.... please advise if you know what to do or have been through this before.
thank you
Metamask does not require a password if you want to set or uninstall Metamask and then reactivate it. Only 12/24 phrases you need to back up. You can reset the password after the import phrase. Actually Metamask also supports the phrase MyEtherWallet. If you create a wallet from MEW, you can also import MEW phrases into Metamask.
I always prefer to keep the private key of each wallet in addition.
This will save the user from many problems. If the metamask is not installed or does not work, then you can use any other wallet.
For serious savings, I use a hardware wallet, and for small operations and testing projects and transferring approvals to them, it is convenient to use metamask wallets.
Actually, hardware wallets with software wallets also require a backup phrase for access. If we lose the phrase, whatever form of the wallet we use is also inaccessible. We need to save the private key, or phrase of any wallet properly so as not to lose assets. When we make a wallet, the word warning needs to be read carefully. However, some people rarely pay attention to it, because when the wallet is created, most of them only save the wallet address which is not really important, because it can still be retrieved when accessed to the wallet.
We also need to be careful on centralized exchange platforms. This also requires the user to complete know your customer/ KYC to be able to withdraw assets from the platform. So don't deposit when the KYC has not been verified, because it is possible that if the deposit is completed, the KYC will fail, and in the end if successive errors will be blocked. Learning crypto isn't just about profit.
