For this tutorial, we will be discussing the differences and similarities between a SafePal New Extension Wallet and a MetaMask Wallet. We will discuss significant features for users to understand what SafePal offers over its competitors. It is important to realize the unique opportunity to use an Extension wallet while still keeping the capabilities of a Hardware Wallet.
Learn more from the following video about the SafePal Extension wallet:
The most significant difference between MetaMask and SafePal is the security of both products. SafePal, to this date, has never been hacked or compromised and we offer security like no other product on the Crypto Market. Metamask is safe to use but has issues with security in the past. SafePal enables people to have complete control of their funds. It is the first hardware wallet invested in and backed by Binance. All are paired and managed through the SafePal App, where users can easily secure, manage, swap, trade, and grow their crypto wealth without compromising asset security.SafePal aims to make crypto secure and straightforward for everyone. You are responsible for your private keys and assets. You should always be alert and adopt the best practices to enhance your experience with the SafePal Extension Wallet.
We are launching this product to extend our otherwise extensive list of services we provide to our users. You can connect instantly with your SafePal mobile and hardware wallets using air gap so that your keys remain encrypted on your phone or completely offline in your SafePal S1 device, just like always.
Both products have a similar structure where you can either import a seed phrase to use a previous wallet or create a new one. Both processes take less than 5 minutes to do, and if you know how to make one wallet in MetaMask, you can make a new wallet in the SafePal Extension Wallet. The most significant difference is that the SafePal Extension wallet lets you access the DApps, NFTs, and larger ecosystems of multiple chains in one wallet – including chains beyond Stays connected while you switch between different DApps, regardless of their chains. Even if you change to another wallet, your DApp connection will also automatically redirect to the new wallet. It gives you the freedom of creating or importing multiple seed phrases so that you can manage all your wallets in one place.
If you want to read a more in-depth guide on how to create a SafePal Extension wallet, please open this article here
Enable/disable a chain from SafePal Extension Wallet
How easy it is to add custom tokens or chains is a massive upgrade over the current MetaMask wallet. It is a fundamental concept that is different from Metamask, as the SafePal Extension wallet is a cross-chain HD wallet, meaning people view their assets by 'wallet account.' In contrast, Metamask users view their assets based on 'chains.' There is no 'Switch Chain' concept in our wallet. The money you have on different chains will be displayed and can be used instantly. Users will no longer need to waste time on adding a custom Chain. When you manually fill it out to be added to your MetaMask, the system is a very tedious process. Always stay connected to DApps across different chains simultaneously. The SafePal Extension walletis chains beyond EVM.
Every coin/ token you invest in belongs on a chain. Countless projects are built on Ethereum, Solana, and Binance Smart Chain, so it is crucial to understand which chain you need when making transactions. The most common mistake is sending a token on the wrong Network, and this is solved with our chain management system. When using a Dapp, you can easily select which one you need to make a transaction. Transactions are done the same way between the wallets as you sign a transaction and pay a gas fee to complete it. This is a big difference when moving from MetaMask to SafePal. Avoiding the need to import every chain and constantly switching manually can be very annoying and inefficient.
The most significant difference is the SafePal Extension wallet lets you access any DApps, NFTs, and larger ecosystems from the most popular chains in one wallet. Most importantly, SafePal is compatible with all EVM-compatible chains (short for Ethereum Virtual Machine) and allows users to participate in many projects a person may want to explore. Even if you change to another wallet, your DApp connection will also automatically redirect to the new wallet. It gives you the freedom of creating or importing multiple seed phrases so that you can manage all your wallets in one place.The SafePal Extension Wallet displays all your crypto and NFT assets across different blockchains on the main page. The image below shows the wallet connected to Pancake Swap using the BSC network and Spooky Swap connected to the Fantom network. I can make transactions on both these Dapps, which are on different networks at the same time.
In conclusion, The SafePal Extension Wallet does everything MetaMask wallet can, but it enhances the overall experience by simplifying many aspects.Technology continues to evolve, producing better and better products. The SafePal Extension wallet provides additional value to our users who want to keep their assets safe in our Ecosystem.