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So, you don’t recomend MetaMask to send tokens? Which wallets/services would you recomend to avoid this situation? Would binance not allow me to send WETH to t
by Adrox 5y ago
So, you don’t recomend MetaMask to send tokens?
Which wallets/services would you recomend to avoid this situation?
Would binance not allow me to send WETH to that wallet?
Would any decentralized/centralized wallet be safer? Please tell me which?
Or should I not be sending tokens and just use coinbase and binance non-centralized features?
- ipnon 5y agoMetaMask is a wallet. You would use a decentralized exchange, like Uniswap, to transform WETH into ETH.
- mattdesl 5y agoMetaMask is a wallet, the whole purpose is to send tokens (or to interact with a contract). All wallets basically enable this (ability to send tokens to any address in the network). Sending your tokens to a contract or invoking its methods without understanding what you are doing is extremely risky. MetaMask also includes a "Swap" feature which is designed solely to swap one token (e.g. ETH) to another (e.g. WETH) and back. Others might suggest an exchange application such as Uniswap or OpenSea to wrap/unwrap. MetaMask and other user-friendly wallets could take basic steps to recognize common patterns of mistakes (like sending tokens to a popular contract) and include additional warnings. Obviously there is still a huge risk to using crypto compared to just going to your bank and asking them to do financial transactions for you.