Crypto wallets are the most secure source of storing coins and there are two main types of wallets: hot and cold wallets. Today we will discuss the hot wallet MetaMask.
Crypto wallets are not only used to connect Ethereum, but it also connects many other blockchains. MetaMask is commonly used to connect you with different platforms, and decentralized apps like Avalanche, Polkadot, Terra, Binance, Saga, and more… So that we can transfer crypto from one platform to another.
What is MetaMask Wallet
MetaMask is a non-custodial hot wallet used to send or receive coins. Moreover, it is used to securely store coins. We can download it as an extension on Chrome, Firefox, Brave, and Edge and we can install it on mobile devices (Android, iOS).
How to Set Up a MetaMask Wallet
To secure and send or receive coins we always need a wallet. So, here is a step-by-step guide to setting up the MetaMask:
Go to the install MetaMask Extension, and click on the button Add to Chrome to install the extension.
Click on the Add Extension button:
After installation, click on the extension icon found on the right side of the screen in the browser and open MetaMask. Or it will redirect you by default:
Click on Get Started:
Read carefully and click I agree:
Here you can create or import a wallet, to create a new wallet click on Create Wallet:
Create a password, here one thing you should keep in mind is you have to remember everything because MetaMask doesn’t provide a forgotten password, and then hit the button Create:
Watch the video to learn good practices to secure the MetaMask and the hit button Next:
Reveal the word phrase and copy it to the clipboard or write down the given phrases in the given sequence and hit the Next button:
Check each phrase in the same sequence, that was given on the previous page and hit the Confirm:
Read and hit All done:
Here the wallet has been created:
MetaMask is commonly used to connect you with different platforms, and decentralized apps like Avalanche, Binance, Coinbase, and more. MetaMask is a non-custodial hot wallet used to send or receive coins. Moreover, it is used to store coins by ensuring their security. It is available as an extension for Chrome, Firefox, Brave, and Edge as well as we can install it on Android and iOS mobile devices.