Setting Up Your New Bank Account!
Setting Up Your Wallet In 5 Easy Steps
Your Wallet: A Bank Account On Steroids
A crypto wallet frees your money by removing all borders and walls of real world financial institutions. Send instantly, receive instantly, be your own bank.
Your MetaMask wallet can:
- Send crypto
- Receive crypto
- Swap from one crypto to another (ex: Ethereum to AAVE)
- Interact with D. Apps (i.e Compound, AAVE, Rarible...)
Q: What is a wallet?
A: Your new bank account where you can hold, send, receive and swap between crypto coins & stable coins. Home base for your money.
Q: Why do I need a wallet?
A: Its your universal log-in! Every DApp you interact with will use your wallet to grant you access. (kind of like the "Log in with Facebook" option)
Q: What does a browser wallet mean?
A: Browser wallets like MetaMask are simply a Chrome (or Firefox) extension that can easily be accessed when browsing the web or crypto web apps.
Q: How secure is MetaMask wallet?
A: As secure as you make it. MetaMask doesn't store any of your data, so its on you to keep your password + seedphrase safe!
Setting Up Our MetaMask Wallet - (5 Minutes)
Setting Up Our MetaMask Wallet - (text guide)
1. Navigate to MetaMask's website, select your device type and download (I recommend desktop not mobile)
2. After successfully installed, the extension can be seen in the top right of your browser. Now click the "Get Started" blue button.
3. Since we haven't made a wallet before, click "Create Wallet" - then create a STRONG and lengthy password!
Make sure you write this down somewhere on paper also, keep it safe, write multiple copies of it, hide each one.
5. Your SEEDPHRASE is a group of words in a specific order that is unique. You will enter this seed-phrase after entering your password when accessing your wallet.
Save the file, back it up somewhere safe, write the seedphrase down on paper (few copies), and keep them safe as well! ORDER MATTERS!
Click on the words in the correct order to access your wallet.