📚 How to Crypto Investor | BASIC: MetaMask Wallet
Hello! Today we will speak about MetaMask.
🔸MetaMask is a crypto wallet that is used by almost everyone and everywhere in crypto. It interacts with Decentralized apps and Smart Contracts on the project's websites. All your tokens are held in the wallet.
MetaMask add-on can be installed on Chrome, Firefox, Opera, and the new Brave browser.
While installing, you will create a seed phrase:
You must save the seed phrase somewhere you will know because you will need it to reinstall the wallet if you delete it or switch your PC.
❗️Read how to install MetaMask here. Please, read carefully, because it's your wallet where you will keep all your assets❗️
MetaMask is the multichain wallet. You can keep tokens from different chains (Ethereum, BSC, Polygon...) in only one wallet. You can add as many chains as MetaMask supports, and it supports all main chains. Chains can be added using Chainlist or manually:
👉Using Chainlist. It's a great service, which allows adding needed chains automatically. Connect your wallet to Chainlist, find the required chain, and click connect. Approve in MetaMask, and you're done. Read more here.
👉Manually. Not hard at all. Each chain has such parameters: Name, RPC URL, ChainID, Symbol, and Block Explorer. Easy searchable in google for each chain. To add, go to settings in MetaMask, find chains, and add each of these parameters. Read more here.
🔥Congratulations! You became the owner of a crypto wallet. There are other wallets, but they are way worse than MetaMask.
‼️One more: MetaMask refers to non-custodial wallets, which means not CEX wallet (speak about this later). Only non-custodial wallets can be used to participate in tokensales.