Asset management
Why Do You Need MetaMask to Use Dollarparking?
What is MetaMask?
MetaMask is a personal wallet service that lets you view and use your digital assets.
MetaMask does not hold your assets on your behalf.
It helps you conveniently view and use assets recorded on a public network.
Will your assets disappear if MetaMask shuts down?
Even if MetaMask becomes unavailable, your assets do not disappear with the service.
Your assets are recorded on a public network rather than stored inside the MetaMask app.
If you have the information needed to recover your wallet, you can import the same wallet into another personal wallet service that supports the same network.
MetaMask is not a company that holds your assets. It is a tool that helps you view and use your assets recorded on a public network.
How is it different from an exchange account?
| Category | Exchange account | MetaMask |
|---|---|---|
| Managing access to assets | The exchange manages the account and withdrawal process | The user manages access directly |
| Recovering access | Follow the exchange's recovery process | The user stores the recovery information |
| Effect of service issues | Withdrawals may be affected by restrictions or service outages | The wallet can be imported into another supported wallet |
※ Because users manage MetaMask directly, they must also store their recovery information themselves.
Why connect MetaMask to Dollarparking?
Dollarparking does not hold user assets on their behalf.
USDT, USDC, and stock tokens are held in the user's personal wallet.
When trading stock tokens, the user must review the assets and amount in MetaMask and approve the trade directly.
If the user does not approve it, the trade does not proceed, and Dollarparking cannot move or withdraw assets at its own discretion.
Dollarparking never asks for the following information.
- Account or wallet password
- Private key
- Wallet recovery phrase
- Verification codes or other account access information
※ A message or website asking for this information may be a phishing attempt impersonating Dollarparking.
Getting started is simple
- Connect MetaMask to the Dollarparking app.
- Request a trade while holding your assets in MetaMask.
- Review the trade details in MetaMask and approve them directly.
※ Dollarparking currently supports MetaMask connections only.