A simple guide to getting started with Metamask.
Bitcoin and other cryptocurrencies serve as the foundation for the creation of Web3 decentralized platforms. Non-custodial crypto wallets give you access to blockchain platforms.
The most widely used non-custodial wallet today is MetaMask, and here we explain how to get started with Metamask wallet.
What is MetaMask?
Metamask is a non-custodial cryptocurrency wallet built for EVM-based blockchains that allows you to connect to dApps, like Moonbet, from within your browser in your computer or on your phone. While Metamask serves as a crypto wallet, its true value lies in its interoperability with smart contracts and decentralized apps, as it serves as the gateway to Web 3. Now let’s examine the setup process.
You can easily install Metamask on your phone by going to the AppStore and installing it on your mobile device. As an extension, the MetaMask wallet may be installed on Google Chrome, Firefox, or the Brave Browser on your PC. Let’s use Chrome as an illustration, although the processes are the same in other browsers.
Step 2: Click on the “Add to Chrome” button to add as an extension to your Chrome browser.
Step 3: After installation, click the “Get Started” button in order to get started with MetaMask. On the next step, click the ‘Create a Wallet’ button or you can import your wallet if you already have a Metamask wallet by clicking on “Import Wallet.”
Step 4: The next step is to choose a password. This must have a minimum of 8 characters. We advise using an entirely distinct password.
Step 5: Metamask will then display your 12-word seed phrase, this will serve as your recovery password. This phrase needs to be accurately typed out, with the words put down in the precise order they appear on your screen. If you ever lose access to your computer, these words will be needed to retrieve your wallet, so keep it safe.
The tokens and coins in your Metamask wallet will be accessible to anybody who knows your 12-word seed phrase, so keep it secret. (click on the grey coloured box to reveal them).
Step 6: The computer prompts you to confirm the phrase when you get to the next stage, this is to ensure you copied out the seed phrase accordingly as it appeared. Click “Back” and note it down if you didn’t the first time!
Verify the phrase before moving on to the next step. When you click “All Done”, the wallet interface will appear as shown below.
You can access your list of assets in the ‘Assets’ tab and view your transaction history in the “Activity” tab.
From the screen above, you can send and receive crypto by clicking on the ETH or tokens you have added. That’s all for setting up a Metamask. Next, let’s take a look at how we can add different network tokens.
Decentralized platforms are blockchain-based sites such as NFT marketplaces, decentralized exchanges, and gambling sites. For instance, MOONBET is a decentralized Crypto Casino and Sports betting platform. We do not require you to enter your personal information before playing; all you need is a non-custodial crypto wallet like Metamask to interact by simply connecting your wallet with a simple click of the “Connect Wallet” button.
To use MetaMask to interact, look for a “Connect” button or similar element on the platform you’re attempting to use. After you click this, you should see a prompt asking if you want to allow the site to connect to your wallet.
MetaMask is an extremely useful tool for exploring the decentralized web. It functions as your passport to the world of Web3. If you’ve followed the steps in this guide, you’re ready to get started and reap the many benefits of Web 3.