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How To Set Up A MetaMask Wallet

May 4, 2022
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What is MetaMask? 

MetaMask is a simple to use and free crypto wallet software that can be connected to any Dapp (Decentralized Application) or Smart Contact built on top of the Ethereum blockchain. 

The “hot” wallet is permanently connected to the internet to easily allow it’s users to move their crypto asset around at any time. Users will have the ability to create, sell, and trade non-fungible tokens (NFTs), ERC-20 tokens (Ethereum-based Tokens), or even lend assets on decentralized finance (DeFi) protocols. 

MetaMask has become one of the most popular wallets amongst the crypto community due to its interoperability (the ability to interact and exchange information with other systems or software) with virtually all Ethereum-based platforms. The wallet connects to well over 3000 decentralized applications and Web 3 services. 

MetaMask’s main mission is to protect a user’s browsing experience and personal data in the new internet world. 

So how do you set up your own MetaMask wallet?

Setting up your MetaMask Wallet

Downloading Your Wallet

Note: The following steps are based on the current design of the website as of 4/16/2022

Step 1: Head over to https://metamask.io/ 

Step 2: Tap on the blue “Download” button. This will redirect you to the download page.

Step 3: On the download page you’ll be presented with the following options: 

  • Browser: Compatible with Google Chrome, Firefox, Brave or Edge website browser.
  • Android: Compatible with any smartphone that operates using Android’s operating system.
  • iOS: Compatible with any iPhone.

For the purpose of this guide we’ll be installing MetaMask for Chrome Desktop. Chrome is the most used browser on the internet.

Step 4: Tap on the blue “Install MetaMask For Chrome” button. This will redirect you to the Chrome Web Store.

Step 5: Tap on the blue “Add to Chrome” button. A small pop-up will appear requesting permission to add the extension. Tap on “Add Extension” to add it to your Chrome browser. 

Once added you will be redirected to the get started page and you should also see the MetaMask icon to the right of your URL bar.

If you don’t see the MetaMask icon, tap on the puzzle icon to the right of your URL bar to open up your extensions list. Find MetaMask and click on the clear “Pin” icon next to it to add MetaMask to your browser’s URL bar.

Step 6: Tap on “Get Started”. You’ll be redirected to the next page where two option will be presented to you (See Below)

  • Import wallet: This is for users who already have an existing MetaMask wallet on a different device and would like to import it over to a new one.
  • Create a wallet: This is for users who want to set up a brand new MetaMask wallet.

Step 7: Select the “Create a wallet” option. This will redirect you to their short disclaimer page.

Tap on “I Agree” and you will be prompted to create a password. 

Create your new password and hit the checkbox to agree to the “Terms of Use” (It’s highly recommended that you read the terms of use so you have an understanding of what you’re agreeing to)

Security & Secret Recovery Phrase

IMPORTANT: You should never try to save or create a digital copy of any password you create. This includes actions like screenshotting, emailing it yourself, or saving it as a note on your computer. Anything stored digitally is accessible to hackers. 

It’s best that you create a safe and secure physical environment to store your passwords. 

You will need to enter your password each time you want to access your MetaMask wallet. 

Step 8: After creating your password you will be directed to a video that will explain the process of securing your wallet, what a secret recovery phrase is, and how you should properly copy it down (physically, not in digital form).

A secret recovery phrase is a randomized phrase composed of 12 words that can be used as a backup in case you lose the device where your MetaMask wallet is downloaded.

You can use the phrase to help you import your wallet onto a new device. 

Once you’ve watched the video tap on “Next”. You’ll be redirected to see your “Secret Recovery Phrase”.

Step 9: Make sure that you’re in a safe and secure location before revealing your secret words. Tap on “CLICK HERE TO REVEAL SECRET WORDS” to see your Secret Recovery Phrase.

It’s critical that you write down the words in the order shown. You won’t be able to import or restore your account on a new device if the words are in the wrong order - even if you got all 12 words right. 

Step 10: Tap “Next” after you’ve safely copied your secret phrase. In order to move forward  MetaMask will prompt you to select the 12-word phrase in the correct order.  

Once you’ve properly entered your secret phrase you’ll be redirected to a completion page. 

Tap on “All Done” and you’ll be redirected to your MetaMask Wallet.

Your MetaMask Wallet is now installed on your browser and can be easily accessed from the chrome extension on the top right of the URL bar.

Congratulations!

How to Use Your MetaMask Wallet

Once you’ve completed the steps above and have gained access to your MetaMask wallet it’s important to understand the components of your wallet and their functionalities.

The bullet points below will address each important component labeled on the image below and an example use case.  

  • Feature 1 - Use this to connect to different networks and blockchains.
  • Feature 2 - Use this to switch between different Metamask accounts, import other wallets, or access your wallet settings. 
  • Feature 3 - Use this to view your account transactions on the Ethereum blockchain explorer or see what sites are connected to your wallet. You’ll have the option of removing any connected sites manually from being connected to your wallet. 
  • Feature 4 - This will show you whether or not your wallet is connected to the website you’re currently using.
  • Feature 5 - Use this to easily copy your wallet address for the selected Metamask account. 
  • Feature 6 - Use this to buy, send, and even swap tokens within your Metamask wallet. 
  • Feature 7 - This will show you the amount of tokens you hold within your Metamask wallet. In some cases you will need to import tokens manually in order to view them within your wallet.
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