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How to setup a Metamask Wallet

How to setup a Metamask Wallet

In the world of crypto community, MetaMask is mostly used to communicate with the Ethereum blockchain. It’s basically a cryptocurrency wallet in the form of a browser extension or mobile application which interacts with Ethereum dApps (decentralized applications) and Smart Contracts by preserving your Ethereum and other ERC-20 Tokens.

MetaMask is one of such popular and secure dApp browsers that can be installed in your browser. Metamask is supported by all major browsers like Chrome, Opera, Firefox etc. It offers multiple services, like archiving cryptocurrencies like ETH, ERC-20 tokens like UNI and even NFTs that you can trade on opensea. Swapping between tokens within the application itself is also serviceable by MetaMask.

Setting Up A MetaMask Wallet on Your PC

These simple and easy steps will help you to add and install the extension MM (MetaMask) in your browser.

Download the App for Chrome

  • Visit the official MetaMask Website & bookmark it to avoid any scammy navigators.
  • Click on “Download”
  • You will get options to select your preferable browsers (Chrome, Edge, Brave and Firefox)
  • Under the “Chrome” tab, click on the button “Install MetaMask for Chrome”
  • It will navigate you to the ‘Webstore’ portal for the extension. Click on “Add to Chrome” in the upper-right corner.
  • Post-installation, go to the right to the address bar in your Chrome and click on MetaMask as an extension.
  • It will open with the MM User Interface. Scroll down and “Accept” the T&C.

Create Your Account

  • Once the extension is all set to your browser, click on the MetaMask extension which will redirect you to the Welcome page.
  • Click on “Get Started”
  • It will prompt you to either “Import Wallet” or “Create Wallet”.
  • If you already have an account/wallet, you should import it else go for creating a new one by clicking on “Create Wallet”. Here you will be asked to accept the Agreement followed by the next page for creating a new password. Once set, click on “Create”. 
  • This step is highly sensitive, as you will be prompted to set up your 12-word seed phrase by clicking on “Reveal Secret Words” to verify. Make sure you never lose it, since it may disable your access to the wallet forever. You can write it down offline to avoid any risk.

Setting Up A MetaMask Wallet on Your Mobile Device

It is almost similar to the methods used in your PC for setting up MetaMask on your mobile device. The only difference here is the source. Instead of adding an extension, download MM from Google Play Store or Apple Store.

Identify Your Wallet Address

You can identify your wallet address right after the name of your account, where you can easily copy it to the clipboard. Similarly, on your mobile, if your account page is opened, you will get the address by clicking on the three black dots and clicking on “Copy Address to Clipboard”.

Depositing Funds

  • Click on View Account.
  • You will be welcomed to the Cryptoverse as you approach this step. All you want is to have your wallet address with you – which is easily accessible in your account. You can use the built-in methods to buy coins offered by MetaMask or go for other ways with the help of your address.
  • You can share your public address with others. Sending coins is another important feature you can avail by clicking on the big Send button.

Backup & Restoration of the Wallet

In your safe and secure journey in the crypto world, you can backup your account details and dealings with some easy steps below:

  • Go to Metamask and click on Import using the account seed phrase.
  • Input your 12 word Seed Phrase. (which you had stored in a safer place earlier)
  • It will ask you to create a new password.
  • Click on Restore.

By following these steps, you can re-enable your existing account to any other system anytime and continue.

Metamask for Institutions

The institutional solution from Metamask empowers you with advanced features to manage your web3 organization

Streamline your investments and portfolio management by tracking your DeFI assets in a consolidated view.

Enjoy advanced DeFi compliance features to safely transact with web3 communities

Track your NFTs and get key analytics over your digital wealth portfolio

Conclusion

MetaMask is a well-designed platform to link with ETH on any other platform. Once you are using it, you will directly get connected through the bridge to the whole cryptoverse across different decentralized web applications. Your wallet address will be the main weapon to start with and you should be ready to deal with its usage, security and functional features it offers. Stay connected and stay protected with your assets.