What is a MetaMask Wallet & How To Get Started
Source:https://www.ledger.com/metamask
Today we’re diving into the most common wallet used by ETH investors — MetaMask. If you’ve found yourself researching how to get started in NFTs, you’ve most definitely come across a mention of it as a key resource. MetaMask is both a crypto wallet and gateway to blockchain apps. Meaning, if you intend on buying NFTs with ETH, setting up the MetaMask extension in your browser is one of the first places you’ll want to begin. Please keep in mind that this article is not to be received as financial advice — we always recommend that you do your own research.
As explained on the MetaMask website, the utility is endless. Here are some key points:
Buy, Store, Send and Swap Tokens
MetaMask is available as a browser extension and as a mobile app. It equips you with a key vault, secure login, token wallet, and token exchange — everything you need to manage your digital assets.
Explore Blockchain Apps
MetaMask provides the simplest yet most secure way to connect to blockchain-based applications. You are always in control when interacting on the new decentralised web.
Own Your Data
MetaMask generates passwords and keys on your device, so only you have access to your accounts and data. You always choose what to share and what to keep private.
How to Get Started:
- Make your way to https://metamask.io/download/ and install the extension.
- Create your account and be sure to save your secret recovery phase somewhere safe.
- Buy or Deposit funds — You can buy them directly from the extension or deposit them from another wallet or platform such as Coinbase.
Source: https://metamask.io/
Buying NFTs
When attempting to purchase an NFT, you’ll be asked to connect your wallet. Select the “Connect” button. In the event your MetaMask Extension doesn’t open automatically, simply click the icon along your browser’s toolbar. Once open, it will either immediately prompt you to approve the transaction or ask you to login to your account.
Sending Cryptocurrency
Once your MetaMask Wallet has funds in it, you’ll have the ability to send your cryptocurrency out to others. All you’ll need to do is click the “Send” button on the wallet’s main panel. You’ll be asked to enter the address of where you’d like to send it to and then prompted to enter the amount you’d like to send and the maximum amount of transaction fees you wish to pay. The more you’re willing to pay.
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