Browser wallet extensions are a crucial feature in the crypto ecosystem. Therefore, they are a very important part when users want to access different use cases like decentralized finance (DeFi).
What is the best browser extension for Polygon wallet? This article is a deep dive into the world of Polygon-compatible browser wallet extensions. It provides important details about select wallets, important features, their pros, cons, and which browser extension tops the chart. Before we move on, let’s find out more about Polygon (MATIC)
What is Polygon?
Polygon (MATIC) is a layer 2 (L-2) scaling solution for Ethereum network dapps. The growing DeFi ecosystem has put a lot of pressure on the Ethereum chain. As a result, Ethereum caused serious scalability issues like outrageously high gas fees and slow transaction time.
Therefore, Polygon helps to alleviate scaling issues on ETH. The L-2 scaling solution also helps to ensure transactions are cheaper, faster, and secure. Hence, why dapps are moving to the Polygon network? Currently, there are over 19,000 dApps on the Polygon network.
In this article, we review four (4) important browser extension Polygon (MATIC) wallets. These are some of the best Polygon wallets available to help safely manage its native crypto MATIC, dapps, etc.
Launched in 2016, Metamask is one of the most popular wallets available today. It is also an Ethereum-based digital wallet facilitating the secure storing of ETH and ERC-20 tokens. The Metamask browser extension wallet is also easy to use and a beginner-friendly option when compared to other available browser extensions.
- It has an easy-to-navigate user interface.
- Can be easily integrated with ledger devices.
- Boasts of an automatic account backup feature.
- Private keys can also be easily managed.
- It is not as secure as it is a hot wallet.
- Only supports Ether and other ERC-20 tokens.
Exodus wallet is a multi-currency wallet with one of the most easy-to-use user interfaces. The wallet is also available both on desktop and mobile (Android and iOS). Moreover, the wallet supports a wide range of cryptocurrencies and is also a reliable browser extension for the Polygon wallet.
- Exodus is easy-to-use. Its interface is user-friendly and easy to navigate. Users do not necessarily need to have any form of technical knowledge before being able to use the wallet.
- Exodus is also a multi-currency wallet.
- It also has a built-in exchange feature.
- It is also compatible with the Trezor hardware wallet.
- Transaction fees are generally high on Exodus.
- The browser extension wallet is not as secure as expected.
- The wallet is also not completely open-source.
3) Trust Wallet
Trust Wallet is a decentralized non-custodial cryptocurrency wallet known to facilitate the accessibility of crypto assets. The wallet is also user-controlled and ensures seamless access to decentralized applications.
Trust Wallet also boasts of over 1 million cryptos including Bitcoin, Ethereum, and ETH-based tokens as well as Binance BEP-2 tokens.
Source: Trust Wallet
- The wallet supports a wide range of cryptos (over 1 million).
- It is also easy to use and set up.
- Also available on smart mobile devices.
- Difficult to recover as it can only be restored with the 12-word secret phrase.
- Prone to Phishing attacks
- Difficult to integrate with mobile browsers. Therefore, it requires users to access dapps using the in-built web browser.
4) SimpleHold Wallet
SimpleHold is a browser extension wallet that is free, easy to use, and completely controlled by users. The wallet also supports Bitcoin, Ethereum, and a host of other cryptocurrencies. It also does not require any form of private data or information.
In addition, the wallet is easy to navigate as users only need to import their private keys to transfer to SimpleHold from any other wallet.
- The wallet is free, light, easy to navigate, and use.
- It is self-custodial and does not require any private data.
- It is also compatible with NFTs.
- It is still fairly new.
- Several important features like Staking are unavailable.
In conclusion, the possibility of a one-size-fits-all browser extension Polygon wallet seems to appeal to most users but it is most times, not the case. Choosing the best browser extension Polygon wallet will depend on the users’ needs, know-how, etc.
For a browser extension with NFT features, users will tend to focus on wallets like Trust Wallet and SimpleHold. For crypto beginners, wallets like Exodus and SimpleHold seem to be the best port of call.
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