Metamask: Etherscan – Token purchased but balance is 0
The world of Ethereum and DeFi (Decentralized Finance) is constantly evolving, with new projects and tools being added every day. In this article, we will take a closer look at the Metamask: Etherscan interface, specifically how it is used to manage tokens.
What is Etherscan?
Etherscan is a web-based platform that allows users to view and interact with Ethereum blockchain data. It provides developers, traders, and investors with a central hub to access real-time information about the Ethereum network, including token balances, transactions, and smart contract functionality.
Metamask: A Bridge Between Wallets and Etherscan
When it comes to managing tokens on the Ethereum network, users often rely on wallets to store their assets. However, sometimes buying or selling tokens through these wallets can cause issues with balance updates. This is where Metamask comes in – a popular wallet platform that allows users to interact with multiple blockchains, including Ethereum.
Buy Tokens with Metamask
In this article, we will focus on how to buy tokens using the Etherscan interface in the Metamask app. To get started, follow these steps:
- Open the Metamask app and navigate to
Settings>
Wallets
- Select the Ethereum wallet you want to use
- Click on
Transactions and then select
Buy Tokens
From there, you can view the token details, including balance, quantity, and address. You can also set a price for each transaction.
What’s New in Etherscan?
One of the notable features of the Etherscan interface is the ability to view and interact with multiple blockchain data sources at once. This allows users to easily manage their assets across different chains and track their balances, transactions, and smart contract functionality more easily.
In this specific example, we saw that a user purchased 0.01 ETH worth of tokens from
0xb2657b0ad4afdbabb8272b80df8a9b07eb6927d4, but the balance is currently set to 0. This could be due to a number of reasons, such as:
- The user has not updated their wallet balance since purchasing the tokens
- The transaction was canceled or failed for some reason
- The user does not have sufficient funds to maintain a positive balance
Conclusion
In this article, we explored how Etherscan can be used with Metamask to manage tokens. These tools allow users to easily view and interact with their assets across various blockchain data sources. However, it is important to remember that buying or selling tokens through wallets can cause issues with balance updates.
As the world of DeFi continues to evolve, more platforms will emerge to help facilitate transactions and manage assets on the Ethereum network.