Why isnt there a BTC browser wallet like Metamask - page 2.

goldkingcoiner

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The only reason web wallets exist is for personal convenience. Which, of course, is a horrible trade-off for security but people are lazy like that. I guess 10 seconds of downloading a wallet is too much work for them. Or perhaps if something happens they want to have someone to blame other than themselves? Of course nobody will be there to help them, so I guess its the illusion of customer service that they prefer? Roll Eyes

Electrum is the best wallet so far, in my thinking.

And of course its decentralized, like every other wallet. So making a web version would not make sense anyway. If you have internet, you can download the wallet. Just hope that the site you download from has not been compromised.

sunsilk

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Actually, there was one before and that's the greenaddress wallet. But eventually, they've stopped supporting it and made it as a desktop wallet.

But as said by many on this thread, there's a huge concern about security about it. Imagine those that have lost their ETH tokens because of connecting it to a website that they're about to invest, it's easy work for the scammers and hackers while them, giving that quick approval and confirmation that sometimes is the reason why they're scammed.

pooya87

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Quote from: mk4 on September 14, 2022, 06:13:10 AM

Because it doesn't make sense for Bitcoin to have a wallet integrated into a browser plugin; it simply adds unnecessary risk. The reason why MetaMask needs to be a browser plugin, is because Ethereum users connect their MetaMask to "DeFi" websites.

Obviously those bag holding ETH don't understand or care about their security otherwise they wouldn't have bought a centralized altcoin with a mutable blockchain in first place

tbct_mt2

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Quote from: Joethereum on September 14, 2022, 04:12:11 AM

why isnt there a Browser extension wallet for BTC like Metamask for ethereum?

Web wallet is not the safest wallet type to use. Metamask is a web wallet.

In addition, Metamask is for multi chain, and token. Bitcoin has only one chain, Bitcoin blockchain, no token, so you only need a non custodial wallet to use for your Bitcoin storage and transactions.

https://cryptosec.info/checklist/
https://www.lopp.net/bitcoin-information/recommended-wallets.html
Some informative resources to read. With web wallet, you must trust that they don't store your seed when you creating your wallet. Not your keys, not your coin.

Web wallet or other wallet types, when you create your wallet, you should turn off Internet connection.

PX-Z

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Security reasons, that's it. Malware and virus came first from your browser's activity with that logic no bitcoin developer that priorities security will do the same to other ethereum-related wallet.
Although even if there is existing ^{(if there is)} no one will regularly use that wallet.

Maus0728

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There are few that exists BUT I strongly advise against using them because they really serve no purpose while putting your bitcoin at risk for the sake of convenience^(really?)

- https://liquality.io/
- https://mathwallet.org/en-us/
- https://extension.crocobit.net/

I just don't know if their claim that they support bitcoin in their wallet is true since Metamask, a popular ERC-20 token wallet, can also store bitcoin but only in a wrapped version (wBTC)

Wexnident

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Because being a web extension itself is a flaw, one that may not be easily compromised but CAN still be compromised. Not to mention that there were already safer options available that people were able to use. I think if you were to compare, Metamask was probably made for people new to the scene, testing stuff around kind of thing, while better wallets are for people who are pretty experienced and are holding a pretty good amount of coins in their wallet.

mk4

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Because it doesn't make sense for Bitcoin to have a wallet integrated into a browser plugin; it simply adds unnecessary risk. The reason why MetaMask needs to be a browser plugin, is because Ethereum users connect their MetaMask to "DeFi" websites.

NotATether

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Quote from: Ryker1 on September 14, 2022, 04:52:46 AM

Some people did not want to install web browser extensions because it is very risky to use, --but why you are looking for a browser extension instead of a trusted software that you can download of course --you can verify the legitimacy through GPG signatures.

Indeed. MetaMask happens to be lucky that it has a strong commuity that not only maintains it but actively publishes a phishing list, phishing warnings and so on. But most other wallets do not have this kind of luxury, to have devs who are also sentries.

In the Chrome Web Store there are so many fake copies of legitimate wallets which swipe your coins if you enter your password. Also there are malicious extensions that imitate real extensions but do not look like wallets - these also steal coins.

Ryker1

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Quote from: Joethereum on September 14, 2022, 04:12:11 AM

I still use Electrum the few times when I send BTC transactions, but just today i thought about, why isnt there a Browser extension wallet for BTC like Metamask for ethereum?

Well perhaps you did not know the difference between the web wallet and the software-based wallet and it is open-source.
Some people did not want to install web browser extensions because it is very risky to use, --but why you are looking for a browser extension instead of a trusted software that you can download of course --you can verify the legitimacy through GPG signatures.

crwth

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I thought you were talking about brave browsers or something. Like I thought that that's not the use case of BTC. Bitcoin was made for purely peer-to-peer transactions without a middleman. Not be mined by watching ads to get a sure reward. It's an excellent idea but probably not going to be possible. This was just a thought

But in essence, I think it would be hard, and it can be compromised. Maybe a hot wallet of some sort.

_act_

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Metamask is a web wallet, you do not have to compare it with desktop wallet like Electrum. Web wallets are more susceptible to online attacks. You can just download electrum and use it offline if you want, what web wallets can not do. I am not saying electrum is not an online wallet, but not being a web wallet make people to have a choice to also use it as a cold wallet if they know how and want to.

Joethereum

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I still use Electrum the few times when I send BTC transactions, but just today i thought about, why isnt there a Browser extension wallet for BTC like Metamask for ethereum?

Topic: Why isnt there a BTC browser wallet like Metamask - page 2. (Read 431 times)