How Safe is MetaMask?

[Lukmanfirdaus1]

of course it's safe, I've been using the metamask extension since 2016 or 2017, I forget, so far there haven't been any problems, it seems like a lot of metamask wallets have been hacked, drained, coins lost purely due to user error, whether he clicked on any link, swapped foreign coins that arrived - suddenly appears in his wallet, or other errors. If the user understands basic and advanced knowledge about personal data security and cyber crime, I think cases of asset loss on Metamask will never happen, but it comes back to the individual.

[1715228159]

1715228159

[MegameSama]

How Safe is MetaMask? ummm.... at least metamask is safer than storing it on an exchange like binance, kucoin, or other exchanges. or if you want more security and comfort, buy a hardwallet like the Trezor Model T, Ledger, NGRAVE ZERO, KeepKey, and ELLIPAL Titan or whatever hardwallet you trust to store your valuable crypto assets. If you want it to be simple, I still recommend Metamask. I myself use metamask for all my assets, so far I have never been hacked.

[SandrCrypto]

There are a lot of scammers who stealing the passwords, very often people give the passwords by themselfs.

[kamvreto]

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.

I do that, just save some of the money needed for trading on the Exchange in the short term and withdraw it gradually when I make a profit, this will save costs rather than having to make deposits and withdrawals continuously. There will be a certain period of time to start withdrawing.
I also use metamask and it is quite safe, but it depends on how the user is. because many phishing are trying to connect.

[Sebas.tian]

You'll still use MEW to access your tokens but your private key isn't stored anywhere on your computer so hackers can't get to it.

https://www.ledgerwallet.com/products/ledger-nano-s

And for hackers to have access to your wallet, maybe you have show your private details with somebody in the community because many altcoins investors are still using this potential wallets for long term hodling and short term hodling with confidence. If hackers can get to your token through your phone or laptop, I think you save your seeds phrase in that particular phone or laptop that make the person to take the advantage to display all those things to your wallet. I have be using metamask wallet over some years, and I have never experience any challenges from my token anytime I check and they are well safe in the wallet.

[LastKiss]

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.
~snip~

It's Metamask phishing, you should be careful and avoid when you find a website like that because your funds or your information could be stolen from you without any notice. We can encounter lots of websites like that when we looking for free Airdrop because not every Airdrop is trusted. I once got this phishing on my Metamask wallet in the end all my funds were transferred to an unknown wallet. As long we're not making mistakes I guess it's fine.  

[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.

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.

Yeah. For long term assets, mostly hardware wallets are adviced for obvious security reasons.
Online wallets have their attendant risk and like it's said, better to be safe than to be sorry.
And also, most people keep their assets in online wallets so that they can qualify for certain airdrops.

[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.

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.

Well, some people do keep their assets on centralized exchanges, but it is not really the best decision.
Keeping your assets in a cex is like keeping your money in a conventional bank. They can wake up tomorrow and place a limit on how much you can withdraw from your acct.

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.

Personally I haven't had any major problem holding my assets in an exchange except for one time I deposited a token to an exchange unknown to me that withdrawal of that token has been suspended. I wanted to send to other wallets from the exchange.
Yea, people keep the assets on exchanges because they trade with it, it saves time and money to do so.

[zasad@]

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.

Any software cryptocurrency wallet will not protect you from viruses or exploits. I have been using Metamask for a long time, but only in conjunction with a hardware wallet. And for testing projects or for wallets with amounts up to $100, I do not use a hardware wallet. You can create many wallets in Metamask and it is very convenient.

[Magic-Money]

Metamask is safe base on how you used it, at the first stage is to create the metamask wallet account by save the phase code and private of the primary wallet of the account, which you can create many wallets with a different private key in one account and one is to be careful not to connect your wallet in website as a name of claim token and airdrop is easier to be hacked by wallet connection with phishing link's

[niall51]

Storing assets in Metamask is very risky in my opinion because we have to be extra careful when using it, don't press the link carelessly because it could be a phishing link. I recommend that if you have quite a lot of assets, start self-custodial or buy a cold wallet because cold wallets have security. extra

[JeffBrad12]

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.

Any software cryptocurrency wallet will not protect you from viruses or exploits. I have been using Metamask for a long time, but only in conjunction with a hardware wallet. And for testing projects or for wallets with amounts up to $100, I do not use a hardware wallet. You can create many wallets in Metamask and it is very convenient.

also, hardware wallet doesn't always guarantee safety remember the exploit that was introduced by certain hardware wallet back then because some hacker trying to upload malicious code to the library owned by the hardware wallet producer if im not mistaken it caused certain problem that allows the hacker to steal money, i think that should be concern, at the end of the day its always better to generate address from a computer thats not connected to outside network for the sake of safety if its for long term holding, if its for interacting with dapps, i think metamask will suffice, they have introduced many measure to prevent people from executing malicious smart contract that allows the stealer to get approved access to the token in the wallet.
but it still comes down to individual how responsible they are in managing their own address after all, anyone can disregard the warning from the wallet itself and go on executing malicious contract because they are blinded by greeds.

[lepbagong]

Storing assets in Metamask is very risky in my opinion because we have to be extra careful when using it, don't press the link carelessly because it could be a phishing link. I recommend that if you have quite a lot of assets, start self-custodial or buy a cold wallet because cold wallets have security. extra

Metamask was created to make it as easy as possible for users to carry out every transaction without experiencing problems. So far I have used Metamask in safe situations and have been cheated because of my own mistake, by accepting a link given by someone where I was asked to connect to Metamask, all my assets were taken. after that it didn't want to accept any links I received from anywhere and connected to metamask.
So the main problem is not the wrong wallet itself but the behavior of the wallet holder who cannot maintain it.
If your suggestion [cold wallet] is of course the best choice of all wallets, but if our transactions are small it's better to just postpone it.

[GlacierBIT]

Metamask is not without flaws, any security breach can become a serious problem for you. You need to be especially careful when linking wallets to third-party resources, access to the wallet is very easy to obtain through phishing links. Hardware wallets are the safest way, but sometimes not as convenient as metamask when you need to dynamically carry out trading operations.