How to Create a Crypto Wallet
The first step in buying cryptocurrency of NFT’s is having a crypto wallet, such as MetaMask or Coinbase Wallet. This wallet will allow you to store, purchase, and transfer different cryptocurrencies like Ethereum and Polygon, as well as make transactions(such as buying an NFT). While there are many different options, MetaMask is the most popular and reccomended option for Web3 beginners, so we’ll be covering it here. If you would like to explore other options, see this guide from Coinbase.
“While there are a number of different wallet services available, MetaMask is by far the most popular with over 21 million monthly active users — up by 38x since 2020. To put it simply, MetaMask is a free hot wallet service available as a smartphone app or web browser extension. This means you can download it directly onto your phone or the Google Chrome, Mozilla Firefox, Brave or Edge browser similar to an ad blocker extension. The “hot” part simply means it’s permanently connected to the internet so that you can easily move your crypto assets around at any time.”
Without further ado, let’s get into how YOU can create your free crypto wallet!
While MetaMask can be installed on both mobile and desktop browsers such as FireFox and Chrome, we’ll be covering the desktop version first, due to its simplicity and efficiency.
First, navigate to MetaMask’s official website here. ALWAYS VERIFY YOU ARE USING THE TRUSTED METAMASK WEBSITE TO AVOID SCAMS. NEVER CLICK ON UNTRUSTED OR SUSPICIOUS LINKS.
Click on ‘Install MetaMask for Chrome’. After installation, navigate to the puzzle piece button at the top right of the Chrome browser, and click on the new MetaMask extension. Click on “Get Started”.
At this stage, press ‘Create a Wallet’ to generate your new free crypto wallet. Agree to the short disclaimer, and create a password. It’s important to keep several versions of this password, and choose a secure one. With this password, a scammer can access your valuable assets and potentially steal them. You will need to enter your password each time you access MetaMask to connect to a site.
Secret Recovery Phrase
Next, you will be prompted to a page where your secret recovery phrase will be revealed. This 12-world phrase should be used in case you lose your phone or computer and need to import your assets to a different device.
NEVER, EVER, REVEAL YOUR SECRET RECOVERY PHRASE TO ANYONE. WE WILL NEVER ASK YOU FOR THIS
How to Navigate MetaMask
Now that your wallet is all setup, let’s explore the key functions of MetaMask, such as finding your wallet address and making transactions.
Green Arrow: Here you will find your account’s Ethereum Address. Think of this similar to your home address for Web3. Whenever someone wishes to send you crypto or NFT’s, this is the address you will point them towards. Unlike your recovery phrase or password, it is safe to share your account address to trusted projects, founders, and friends.
Red Arrow: Here you will find three options: BUY, SEND, and SWAP. We do not recommend buying ETH directly on Metamask(Click here for a guide), but the send and swap options are useful.