What is Metamask and how to setup a new wallet on Google Chrome
Chris PSYDiPHECTs
Feb 9, 2023
A simple step-by-step guide to setting up your first Defi crypto wallet!
What is Metamask?
MetaMask is a popular browser extension and mobile wallet that allows users to store, manage, and transfer their cryptocurrency assets, as well as interact with decentralized applications (dapps) built on the Ethereum blockchain. It provides a convenient and secure way for users to access the decentralized web, making it easier for them to participate in decentralized finance (DeFi) transactions, token sales, and other blockchain-based activities.
With MetaMask, users can easily manage their digital assets, including Ethereum and any Ethereum-based tokens(ERC20's), and send transactions directly from their browser or mobile device. The extension uses advanced security measures, such as hardware-level encryption and seed phrase backups, to protect users' funds and private information.
Overall, MetaMask is a widely-used and highly-regarded tool that makes it easy for anyone to access the decentralized web and participate in its growing ecosystem.
Lets get started:
Open Google Chrome and navigate to the MetaMask website (https://metamask.io).
Click on the "Get Chrome Extension" button.
Once the extension is added to your browser, click on the MetaMask icon in the top right corner of your browser window.
A pop-up window will appear. Click on the "Get started" button.
Read the terms of use and privacy policy, and then click on the "Accept" button.
Create a password for your MetaMask account. Make sure it is strong and unique.
Write down your seed phrase, as it is the only way to restore your account if you forget your password. NEVER SCREENSHOT YOUR SEED PHRASE!
Verify your seed phrase by clicking on the words in the correct order.
Congratulations, you have successfully installed MetaMask on Google Chrome!
Once the installation is complete, you can use MetaMask to store, manage, and transfer your cryptocurrency assets, as well as interact with decentralized applications (dapps) built on the Ethereum blockchain.