Ethereum is one of the most used Smart Contract-based blockchain networks. MetaMask has much to do with ETH’s popularity as it acts as a secure wallet and decentralized internet to use dApps. It has around 1 million active users and is growing everyday!
If you want to jump on the ETH bandwagon but don’t know where to start other than buying some coins, you have come to the right place.
After reading this tutorial you will be able to create an Ethereum wallet with MetaMask and interact with Smart Contracts and dApps, getting the most out of the ETH network.
What is MetaMask?
MetaMask is a web3 browser and mobile-based wallet for the Ethereum network. MetaMask also acts as a GUI to interact with Ethereum blockchain. You will be able to create your own wallet to send and receive Ethereum and ERC20 tokens. MetaMask not only supports ETH but hundreds of other ERC20 coins too. You can also use the same wallet address to deposit and send ERC20 tokens. NFT (Non-fungible tokens) is getting popular and MetaMask allows you to mint and store your favorite NFT collectibles on blockchain.
1. Downloading MetaMask
Go to the Metamask official website and click on download.
You can then choose between Chrome or Firefox. If you use the Brave browser then click Chrome version as Brave supports Chrome-based extensions.
2. Creating a Wallet
Select “create a new wallet.” If you have an ETH wallet already then you can import it with your secret backup phrase.
3. Back up Mnemonic Phrase
Once you click on create a wallet, press “click here to reveal secret words” and write them down. Set up new a password for your wallet , which you will use to signin everytime you open METAMASK. You will only need the secret words if you need reinstall the MetaMask.
You did it! Simple, wasn’t it? You can pin MetaMask on your browswer extension to reach quickly.
You can use MetaMask to lend and borrow with any defi-based dApp, and you will also be able to Yield Farm. We have also prepared a guide to install a Tronllnk wallet if you prefer to use the Tron network.