Go to metamask.io/download (Official website) page and install MetaMask extension for your browser. But the process is same for all browsers.ġ. MetaMask wallet is available Google Chrome, Mozilla Firefox as well as Brave browser. To start using MetaMask you need to first install the extension to your browser. Since it is an open source wallet anybody can audit and review the software.Īlright! But since it is a browser extension is it safe to store my Ethereum and ERC 20 tokens on this wallet? MetaMask code is available online and is free to access. Open source and active development community:
#Set up ethereum wallet full#
It gives you full control over your private keys. Unlike web and other third party wallets, MetaMask is a self hosted wallet where you can safely store your ETH and ERC20 tokens. So you can manage your tokens from anywhere. Moreover it is cross browser compatible, plus it is available for Android and IOS. You can also add the latest trending DeFi tokens to your wallet. Add & manage 100s of ERC20 tokens from one place: Rather than allowing the wallet to choose the transaction fees you have the option to set custom gas price (GWEI) and limit.ħ. Currently the wallet only gives you the option to buy ETH with Wyre or CoinSwitch. Previously they had an option to buy Ethereum from Coinbase and ShapeShift which has been removed. If you don’t own any Ether then you can buy ETH directly from the wallet’s build in exchange. To interact with decentralized applications using MetaMask, you’ll need Ether in your wallet. We’ll show you how it is done later in this guide.
This seed word is secured by setting up an additional password. All your accounts are tied to a single seed phrase. You can create multiple accounts (ETH address) without having to worry about backing up every single key pairs. MetaMask is a HD (Hierarchically deterministic) wallet. You can choose your national currency and the wallet will display your assets value in your selected fiat currency. In addition to multi language support this wallet also has the option to choose currency conversion.
You can use the anchor links on the left to jump to specific section of the guide. Now before we get in to the guide let’s first look at what is MetaMask and what are the features of this wallet. This is the complete beginners guide to MetaMask.
#Set up ethereum wallet how to#
It’ll cover how to install Metamask on your browser? How to create and secure your account? How to backup and restore? Also how to receive, send and manage Eth, ERC20 or any DeFi tokens. Here we’ll explain how to setup and use MetaMask wallet.
MetaMask is a free, open source browser extension that provides the simplest and the most secure way to connect and interact with the Ethereum blockchain. A very handy Ethereum wallet that is available as a browser extension. However if you are looking for a wallet to store small amounts for your everyday transactional needs then you use should consider installing MetaMask wallet. They offer the most secure storage solution. If you are holding large amounts of Eth or ERC20 Tokens then you should move them to hardware wallets like Ledger or Trezor. You should move them to a wallet where you hold your private keys. Just bought some Ethereum or your favorite DeFi token and wondering where to store them? Storing your coins and tokens on the exchange is not a good idea.
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