What is Metamask Wallet?
MetaMask is a cryptocurrency wallet and gateway for blockchain applications. It is available as a browser extension in Chrome, App Store, and Google Play Store. This wallet includes a key vault, secure login, token wallet, and token exchange. Additionally, it allows you to connect to blockchain applications securely.
With MetaMask, you can interact with apps like Axie Infinity Uniswap, and even the NFT Marketplaces like Opensea. If you are looking to buy NFTs, you need to have a MetaMask wallet to keep your Ethereum or other cryptos. On the other hand, if you are looking to exchange Ethereum for tokens, you need to connect your MetaMask wallet to Uniswap. When you’re interacting on the decentralized web, MetaMask provides you with full control.
In this guide, you will learn how to create a MetaMask wallet to connect with blockchain applications.
How to create a MetaMask wallet?
To create a MetaMask wallet, you need to add the MetaMask extension to Chrome. After that, you will be able to create a wallet by following the on-screen instructions. The process of creating a wallet consists of 3 steps. This includes creating a password, saving your backup phrase, and verifying your backup phrase.
Keeping your backup phrase is a very important step. This is because you need it to import your MetaMask wallet. It is important that you keep your backup phrase in a safe place. Anyone with your backup key will be able to steal your cryptos. After you have saved your backup clause, you need to confirm it to create your wallet.
Creating a MetaMask wallet:
1. Add MetaMask to Chrome
Before You Can Create A MetaMask Wallet, You Need To Add The MetaMask Extension To Chrome. If you are using a mobile device, you need to download the MetaMask app from the App Store or Google Play Store. Or you can directly download from here: https://metamask.io/download/
In this guide, we will create a MetaMask wallet in Chrome instead. First of all, go to the chrome web store and search for “MetaMask” and click on the first search result, “MetaMask”. Then, click “Download” on the MetaMask website. Once in the extension, you need to add it to Chrome. Click “Add to Chrome” to add a MetaMask extension to Chrome.
2. Open the MetaMask extension
Once you’ve added the MetaMask extension to Chrome, you need to pin it. In the top Chrome navigation bar, you will see a puzzling icon. Click the Puzzle icon to open your Chrome extensions. Scroll down for your Chrome extensions until you get the MetaMask extension. Click on “MetaMask” to open the MetaMask extension. Additionally, you can pin MetaMask in your toolbar by clicking the pin icon.
After you click the MetaMask extension, you will come to the “Welcome to MetaMask” page. On the page, you will be greeted with a welcome message. You will also see a “Start” button. Click on “Get Started” to start creating your MetaMask wallet.
3. Select “Create a Wallet”
After you click on “Get Started”, you will come to the “New on MetaMask” page. On the page, you will see a few options. These include “No, I already have the Secret Recovery Phrase”, and “Yes, let’s get set up!”.
The “No, I already have a Secret Recovery option” option allows you to import an existing wallet using a backup phrase. On the other hand, the “Yes, let’s get set up!” option allows you to create a new MetaMask wallet. Since this is your first time using MetaMask, click “Create Wallet” to create a new MetaMask wallet.
After you click on “Create a Wallet”, you will come to the “Help Upgrade MetaMask” page. On this page, MetaMask states that they need to collect your usage data. This is a better understanding of how their users interact with the extension. To create a MetaMask wallet, you need to agree to the terms. The main term you should agree to is sending anonymous clicks and page view events. MetaMask will never collect your IP address or sell your data. Click “I Agree” to agree to their terms.
4. Create a Password
After you click “I Agree”, you will come to the “Create a Password” page. On the page, you need to create a password for your MetaMask wallet. First, create a password and enter it in the “New Password” field. Remember that your password needs to contain a minimum of 8 characters. Next, re-enter your password in the “Confirm Password” field. Lastly, click “Create” to create a password.
3. Store your backup phrase
After you create a password, you will come to the “Secret Backup Phrase” page. In this step, you will be given a backup secret phrase. Your backup private key allows you to import your MetaMask wallet.
First, click on the lock icon to display the password. Then, copy your backup phrase and store it in a safe place. There are a few ways to save your backup phrase. This includes storing it in a password manager or writing it down on a piece of paper. Do not disclose your backup phrase as others will be able to steal your Crypto. Once you have saved your backup phrase in a safe place, click “Next” to proceed to the next step.
4. Confirm the backup phrase
After you click “Next”, you will come to the “Verify your backup secret phrase” page. Now that you’ve saved your backup phrase to a safe place, you need to confirm it. On the page, you will see the words of your recovery phrase in mixed order. To verify your backup phrase, you need to choose each word correctly. For example, if the first three words in your backup phrase are “apple”, “banana”, “pear”. Click on “apple”, “banana”, and “pear” respectively. Once you have selected each word correctly, click on ‘Verify’ to confirm your backup phrase.
5. Start using MetaMask Wallet
After you have verified your recovery phrase, you will come to the congratulations page. This means you have successfully created a MetaMask wallet! Click “All Done” to complete the wallet creation process.
Now, you will be able to send Crypto to your MetaMask wallet. To do so, you need to copy your Ethereum address into your MetaMask wallet. If your crypto is stored on a cryptocurrency exchange like Binance, you need to navigate to the withdrawal page it contains. Next, paste your Metamask address into the address bar, enter the amount of any crypto you want to send, and then send it.
Keep few things in mind
- Never share your secret phrase with anyone.
- The metamask address is same for all the crypto in one particular account. There is no different address for different crypto or chain.
- You can create multiple accounts in one integration of chrome or app.
Using metamask, you can also receive NFTs. If you don’t know what NFTs are, you can head towards here (What are NFTs?)
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