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How to create a Metamask wallet?

lnhngn 17/11/2021 12:58 884 views

Instructions for creating a Metamask wallet

About Metamask

Metamask is an Ethereum wallet that is widely used.

You can use it to make transactions with DApps, exchanges, and ETH wallet addresses.

In your Metamask wallet, you can keep ETH or any ERC-20 token.

MetaMask là gì? Ứng dụng quản lý và bảo mật tài khoản Ethereum (ETH) của  bạn (2021) » CHIENPHAM.com

The Ethereum wallet Metamask is one of the most widely used. Users can transmit cryptocurrencies in conventional transactions and engage with many decentralized apps using this web browser plugin, which was designed as a web browser plugin.

How to begin?

1. Download and install Metamask.

Metamask can be downloaded through the project’s official website or a third-party app store. Because app shops have previously featured fake Metamask apps, it is best to download from the official website.

Metamask is available in Chrome, Firefox, Brave, and Edge. Metamask is available for Opera users via Chrome extensions, although there have been some difficulties noted. The app works on both Apple and Android devices.

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After you’ve installed Metamask, open it by clicking on the Metamask icon in your browser’s toolbar. Then select “Get Started” from the drop-down menu.

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2. Create a New Wallet

To create a new Ethereum wallet, click “Create a Wallet.” (Alternatively, if you already have a wallet, you can restore it and access your funds by following these instructions.)

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To continue, you must accept or disagree with the sharing of feedback.

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Make your wallet password-protected. Even if you should keep this password safe, you can still recover your wallet if you forget it.

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To unlock your seed phrase, click the grey spot. Make a note of this seed phrase and keep it safe. Your Ethereum wallet will be accessible to everyone who knows it, and you will be unable to restore it without it. Making numerous backups or saving the phrase in a robust metal wallet are also safe ways to save your seed phrase.

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To confirm that you have put down your seed phrase accurately, click on the words in the correct order (1). Then press the “Confirm” button (2). Your Metamask wallet is now active and ready for transactions.

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3. Purchase or Make a Deposit in Cryptocurrency

You can now add money to your wallet. Copy your wallet address by clicking on it (1), and then sending ETH to that address from an exchange.

If you haven’t already done so, click “Buy” (2) to purchase ETH via Metamask’s built-in exchange.

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Once your funds have been deposited, you will see your balance in the lower area of the wallet (3). By default, ETH will be displayed. If custom ERC-20 tokens do not appear in the list, click “Add Token” to add them.

Depending on the amount of traffic on Ethereum, it could take several minutes for your ETH to arrive.

4. Make a Cryptocurrency Transfer

You can transfer your cryptocurrency to other users, merchants, or your own additional ETH wallets once you have it. To do so, go to Metamask’s main panel and press the “Send” button. Enter the quantity of ETH you want to send (1) as well as the transaction fees you want to pay (2).

Then press the “Next” button (3).

A larger cost will expedite the confirmation of your transaction. By default, Metamask sets a fee. However, tools like EthGasStation can assist you in manually determining an appropriate charge.

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To complete the specifics of your purchase, click “Next” (3). Then press the “Confirm” button. It may take some time for your transaction to be confirmed once more.

In Metamask’s “Activity” section, you can check the status of your transaction. See this page if your transaction is stuck.

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5. Invest in a decentralized application (dApp)

Choose a DApp from DAppRadar if you wish to invest your ETH in a DApp. In this example, we’ll use Kyber, a decentralized exchange (DEX) that makes it simple to trade Ethereum for other cryptocurrencies.

Go to KyberSwap’s website. Choose the tokens you want to trade and the amount of cryptocurrency you wish to buy (1). Then, by clicking “Connect Wallet” and selecting Metamask, you may link your Metamask wallet to Kyberswap (2).

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A Metamask panel will appear on the screen. If this is your first visit, connect to Kyber. Then click “Next,” then “Confirm.”

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Click “Swap Now” on Kyber’s website (1). Then, to complete the purchase, click “Confirm” (2) on the popup.

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Kyber will then publish your transaction to miners once you’ve done that. Before closing the window, you don’t have to wait for the transaction to be mined. Later, via Metamask’s activity panel or on Etherscan, you can verify the status.

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What Can Metamask Be Used For?

You can use all of Ethereum’s capabilities now that you know the basics of Metamask, including:

Transactions between ordinary Ethereum addresses, such as those owned by people and merchants, are sent and received.

In DApps like games, gambling apps, DeFi apps, and decentralized exchanges, you can pay for transactions.

ETH and custom token storage (i.e., ERC-20 tokens).

Keeping non-fungible tokens and collectibles safe (NFTs).

Connecting to hardware wallets from Ledger and Trezor.


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lnhngn

"Don't invest in what you don't know. Learn first then invest"