March 28, 2024

MetaMask wallet guide

MetaMask wallet guide

MetaMask allows you to store Ethereum related data such as public addresses, private keys and tokens, andinteract with websites on whichEthereum-based applications and smart contracts work. This eliminates the need to run all the Ethereum software on its own (MetaMask runs this on its servers).

MetaMask – is a web browser extension that acts as a wallet and interface for Ethereum-based dApps.

How to install MetaMask 

To get started, you need to install the MetaMask extension in your web browser. The app supports Chrome, Firefox, Opera or Brave. Let's take the Chrome browser as an example.

To install, you need to go to the metamask site.io and select “Get Chrome Plugin”. In the pop-up window asking for the installation, confirm that you want to add the extension. After MetaMask finishes downloading, a small fox logo will appear in the upper right corner of the Chrome browser. Accept the privacy terms by clicking Accept. Click the MetaMask logo to start using the browser wallet.

TIP. You can see your extensions in Chrome by clicking “Window”> Extensions in the navigation bar at the top of the screen in Chrome. This will enable or disable MetaMask.

Creating a MetaMask profile

When you first create your MetaMask password,you create a "store" or "account store". All your accounts are collected in this repository. Each account has a public address and a private key associated with it. These are standard Ethereum addresses that can be exported to other wallets.

To register a profile, come up with a reliable onea 10-character password (which will help you recover funds in the future if necessary). Click Create. Make sure to store your password securely. The next screen will display the backup code – a 12-word mnemonic password that must also be saved.

TIP... Try google search "generatorstrong passwords ". If you are using an online password generator, please change your password before using it. Be sure to keep your password and seed in a safe place not connected to the Internet.

How to set up MetaMask

You are now logged in and have a public Ethereum address and a private key that allows you to send/receive ETH. 

You can create additional accounts in your vault by clicking the circle icon in the upper right corner of the MetaMask screen and clicking "create account".

By clicking on the menu you can view your balance and reportmovement of assets on the account through Etherscan,  select “copy address to clipboard”, get QR code for transactions and export private key.

TIP. While on the MetaMask screen, you can switch between testnets, local Ethereum node, Ethereum mainnet, and other options.  

Using MetaMask

MetaMask is ready to use. The wallet can be topped up directly from the card, through an exchanger or transferred from the basic MyEtherWallet. In addition, users have the ability to transfer private keys from other wallets in the Ethereum network to Metamask and vice versa from Metamask to the new wallet MyEtherWallet.

Metamask is most convenient for daily calculations in Ethereum and for using Ethereum dApps. MetaMask – an ideal partner for a product like MyEtherWallet.

Subscribe to ForkNews on Telegram