An Investor’s Guide to MetaMask Portfolio

Key Takeaways

• MetaMask Portfolio, built directly into the MetaMask wallet, allows users to manage and view their crypto assets all in one place.
• Investors can use the portfolio to buy, bridge, sell, send, stake, and swap crypto.
• Setting up MetaMask Portfolio can be easily done through your MetaMask wallet (instructions below).

MetaMask is a popular crypto wallet that has been around since 2016 and has over 30 million active users. MetaMask Portfolio is a suite of tools built into the MetaMask wallet that allows investors to view their MetaMask accounts and assets all in one place, as well as participate in activities such as buying, bridging, swapping, and staking.

Read this guide to learn everything you need to know about setting up and using MetaMask Portfolio.

Benefits of Using MetaMask Portfolio

MetaMask Portfolio offers a convenient way to engage with the DeFi space, as you have the ability to connect multiple accounts to your dashboard. The product is extremely intuitive. Portfolio analytics are also available through the dashboard, and MetaMask aggregates providers, therefore making it even easier to make smart investment decisions.

MetaMask Portfolio is compatible with various digital assets, as it supports Ethereum mainnet, Avalanche, Polygon, BNB Chain, Optimism, Arbitrum, Fantom, and Linea. The product is created by Consensys, a trusted blockchain software leader in the crypto industry.

How to Use MetaMask Portfolio

You first need to create a MetaMask wallet, following these steps:

1. Download and install the MetaMask app or browser extension. (MetaMask works with the following browsers: Chrome, Edge, Opera, Firefox, Brave, and Safari (MacOS and iOS).)
2. Click Get Started and then click Create a Wallet.
3. Create and confirm your password.
4. MetaMask will provide you with a 12-word backup phrase – write down the phrase.
5. Click Next and confirm your backup phrase.

Once your wallet is set up, follow these steps:

1. On your wallet homepage, click on the “Portfolio” button. (You can also go to portfolio.metamask.io.)
2. Then, head to the dashboard and click on the prompt in the middle of the screen to connect your MetaMask Wallet.
3. Click the “Add Account” button and then select to connect via MetaMask or watch another account.

Features of MetaMask Portfolio

MetaMask Portfolio comes with a sleek, intuitive dashboard that allows you to access a wide range of features:

Asset Management and Tracking

MetaMask Portfolio allows you to manage and track your assets all in one place by aggregating different accounts, including crypto wallets and centralized exchanges like Coinbase.

The portfolio also allows you to track token balances across different blockchains, monitor NFT holdings and their current market values, and analyze transaction history and wallet activity.

Buying and Selling Crypto

You can also purchase crypto with fiat currency and deposit it directly into your wallet using a debit card, PayPal, or bank transfer. You can do this by simply clicking on the “Buy and Sell” tab within the portfolio. Then, you’ll select your region, your payment method, and the token and network you want to buy from. After entering your desired amount, you can then click “get quotes,” and you’ll be given a list of available providers.

Once you’ve selected a provider, you’ll be redirected to their website, and once you complete the purchase, your funds will be directly deposited into your MetaMask wallet.

To sell crypto, you can click on the “Sell” tab in the dashboard, select your region, then select your cash account destination (debit card, bank account, PayPal), and then enter the amount you wish to sell.

You’ll then be provided with an aggregated list of real-time options, and once you choose one, you’ll be redirected to the provider’s website where you can sign up and link your account to make the sale. Next, you’ll be redirected back to MetaMask portfolio where you can hit “send” to send the crypto from your wallet to your cash account.

Sending

The Send feature allows you to send tokens to other wallet addresses by simply copying and pasting the receiving address, selecting the token and amount, and confirming the transaction.

Cross-Chain Bridging

MetaMask portfolio also offers a number of trading and swapping features. Cross-chain bridging is available, which allows you to move assets between different blockchain networks like Ethereum, Polygon, and Arbitrum.

You can do this by going to portfolio.metamask.io/bridge and selecting the account that contains the tokens you wish to move, the network you wish to move your tokens from, and the tokens you wish to move. Then, you’ll choose the network you want to move your tokens to and the token you want to swap.

You can then select MetaMask’s recommended route or “choose a different quote.”

DeFi Participation

You can also use MetaMask Portfolio to monitor your DeFi positions and protocols. You can access the DeFi dashboard by selecting the DeFi tab within the portfolio. MetaMask’s DeFi dashboard automatically supports these networks:

• Abritrum
• Base
• BNB Chain
• Ethereum
• Linea
• Optimism
• Polygon

You also manage your networks by clicking on the networks dropdown. If the network has a checkmark next to it, that means it’s visible on your DeFi dashboard. If you want to hide a network, all you need to do is click on the network’s name, and then click it again if you wish to show the network.

Staking

Staking on MetaMask is currently only supported on Ethereum mainnet. To stake, head to the portfolio, select “Move Crypto” and then “Stake.” From there, select the token you wish to stake and the staking provider. Then, enter the amount of ETH or MATIC tokens you wish to stake and click “Review” to see the details of your stake. When you’re ready, click the “Confirm” button.

The transaction will process within a few seconds.

Yield Farming

While yield farming is not directly integrated, MetaMask Portfolio provides you with visibility to your DeFi positions across various protocols. To view your existing positions, all you need to do is click on the DeFi tab.

Insights

You can view more details about your portfolio by heading to MetaMask Portfolio’s Dashboard. The main page of the Dashboard displays your wallet’s total value. If you’d like to view your transactions, you can do so by clicking on the clock icon in the tab bar. You can also view your tokens by clicking on the “Tokens” page.

Security Features

MetaMask offers several security features to help investors protect their assets. These include:

• Encryption: MetaMask employs encryption standards to ensure all data and communication is protected and kept private. Private keys are encrypted and stored locally on the user’s device, making MetaMask safe to use on public or private Wi-Fi.
• Password: Users can create strong passwords to prevent their wallets from being hacked.
• Recovery phrase: Users can create a secret 12-word recovery phrase to access funds in the event their device is lost or stolen or they lose or forget their password. This phrase should be kept safely offline, as MetaMask does not keep your password. If you lose your password, this recovery phrase is the only way to recover access to your account!
• Website verification: MetaMask avoids malicious contracts and phishing attempts to help users verify websites.

MetaMask has also partnered with the cybersecurity firm Blockaid to offer a unique privacy feature that allows users to simulate a transaction before signing and alerts users of potential scams.

User Reviews and Experiences

MetaMask Portfolio has been well-received by the crypto community. Early adopters appreciate the user-friendly interface, as it’s easy to navigate for both advanced and beginner crypto investors alike. Additionally, users appreciate the ease of account sign up, seamless integration with DeFi platforms, and customer support options. (MetaMask offers a robust knowledge center as well as live chat support.)

Some constructive criticism has also been offered, with users stating that it’s frustrating that the portfolio and wallet don’t keep a record of your backup information, so you’re out of luck if you lose your password and recovery phase.

Investor’s Takeaway

We believe that MetaMask Portfolio is an excellent tool for those looking to simplify and enhance their crypto investment management experience. The portfolio gives you the ability to buy, bridge, swap, sell, send, and stake crypto all in one place, so you don’t need to hop from tab to tab.

Additionally, the portfolio’s convenient, sleek dashboard allows you to connect multiple accounts, research wallet analytics, and view token prices, making it easier for you to make sound investment decisions.

Learn about more great tools that can help you in your crypto investing journey. Sign up for the Bitcoin Market Journal newsletter for weekly insights and updates on crypto investing.

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