How to set up and use the MetaMask wallet.
Let's go through the following points:
• How to install the MetaMask wallet?
• How to create a wallet in MetaMask?
• How to deposit funds to MetaMask?
• How to send funds with MetaMask?
Exchanges without KYC here 👉 discord.gg/sckfUHxvxD
Today we will talk about the MetaMask crypto wallet. Despite being criticized by many, MetaMask is one of the most popular cryptocurrency wallets in the world. To date, more than 7 million users have downloaded the MetaMask application in the Chrome browser extension store.
Official website of the project - https://metamask.io/
Why you need MetaMask
First, let's understand why this wallet has become so popular. MetaMask works with the Ethereum network and its native currency ETH. It also supports all ERC-20 standard tokens, that is, any cryptocurrencies launched on the Ethereum network. In addition, MetaMask supports other networks such as Binance Smart Chain (BEP-20 standard), Polygon Network (Matic), and Optimism Ethereum. MetaMask can also be used as a payment interface for hardware wallets such as Ledger.
One of the main features of this wallet, which made it so popular, is a simple connection to decentralized services (DeFi): exchangers, exchanges and liquidity pools. The MetaMask extension allows you to work with sites such as Uniswap and PancakeSwap without registration and identification.
How to install the MetaMask wallet
You can download and install the MetaMask extension from the official website of the metamask.io project, but it's better to do it through the Chrome store.
We are looking for "MetaMask" in the store
We need an extension with metamask.io source.
Next, we see that the application is installed and the fox's head begins to follow the cursor on the screen. Click "Get Started" and proceed to create a wallet.
How to create a wallet in MetaMask
We get to the add wallet screen, which has two options:
- Restore the previously created wallet using the recovery phrase (I will talk about it below);
- Create a new wallet.
To create a new wallet, click "Create wallet".
We come up with our password. The password is required to prevent unauthorized access to your wallet (for example, if someone has taken possession of your device). But if the password is lost, the wallet can be restored using a secret phrase.
We turn to the secret phrase of the wallet, this is an important and crucial moment.
Write down and save your phrase in a safe place.
MetaMask will then ask you to repeat the phrase to make sure you saved it. Choose the words in the correct order
Your new MetaMask wallet is ready to use, congratulations! Now you can close the tab and call the wallet if necessary from the extensions panel of your browser.
How to deposit funds to MetaMask
There are several ways to replenish MetaMask, I will list them all:
- Buy from our exchange Cryptsack Swap (no KYC and full anonymity )
- Buy Ethereum from built-in services (have KYC and no anonymity )
- Buy on the big exchange and transfer to the wallet (have KYC and no anonymity )
- Transfer from another address (no KYC and have anonymity )
A little more about each option. In the Internet exchanger, you need to select the currency you want to buy and the payment method, then specify the wallet address and complete the transaction.
Attention! There are many fraudulent cryptocurrency exchange platforms on the Internet, carefully choose the exchange service!
How to send funds with MetaMask
To send funds, click "send", enter the recipient's address and confirm the transaction.
Attention! Send and receive tokens only on the network in which they are issued! If funds are sent by mistake, it will be impossible to cancel the transaction and the tokens will be lost forever!