Table of Contents
- What is MetaMask?
- Installing the Plugin
- Setting up MetaMask
- Accessing MetaMask and basic Account-Keeping
What is MetaMask?
MetaMask is a software based Ethereum wallet which is installed as a browser plugin and is currently supported by Chrome, Firefox, Opera and the Brave Browser. BitCar currently requires MetaMask for you to purchase fractions of a car, as it operates as a bridge between your Ethereum account and the BitCar platform.
This guide will take you through installing and setting up MetaMask in the Chrome browser, but this should be very similar in all browsers.
Installing the Plugin
Let’s begin by browsing to https://metamask.io, from here you’ll be able to pick which browser extension you require. Currently it supports Chrome, Firefox, Opera or the Brave Browser.
Clicking on ‘Get Chrome Extension’ will take you to the Chrome Web Store
Selecting ‘Add to Chrome’ at the top of the store will start the installation process, you may also be specifically prompted to install (as shown below), just select ‘Add extension’ and the installation will proceed.
Setting up MetaMask
Once the plugin is installed, the browser will navigate to the MetaMask Getting Started screen, select ‘Get Started’ to proceed.
You will now be presented with two options; the first allows you to import an existing wallet (this is more of an advanced function and we’re not going to cover it here), the second allows you to create a wallet. Please click on Create a Wallet to carry on.
The next screen allows you to decide if you will allow MetaMask to gather information about its usage, please select No Thanks or I Agree to continue.
Now you have to create a password to be used with MetaMask this password needs to be incredibly secure as it will provide access to your wallets. We suggest using a third-party password generating application such as KeyPass so that a strong password can be generated for you, which is neither easy to guess nor easy to decipher by a third party.
The next step in the MetaMask setup process is a crucial one; this is where a secret backup phrase of 12 words or a mnemonic seed is generated by MetaMask. These twelve words can be used by yourself to restore your wallets should anything happen such as; you lose your computer, you uninstall MetaMask, or you forget the MetaMask password.
Anyone who obtains this seed can regenerate and access all of your wallets, so it is therefore crucial that you do not store them on your computer in plain text. Instead, we recommend keeping them offline on several pieces of paper and stored securely, in a safe, for example. Alternatively you can try to memorize the 12 words - in the same order - remember though: if you should lose this backup phrase and you lose access to your wallets, you will not be able to recover them.
Neither BitCar, MetaMask nor anyone else is able to assist in recovering “lost” wallets.
Once you are ready to write the phrase down (in a secure location where you screen cannot be seen), click on the padlock icon to reveal your secret words
Take your time when recording this phrase remember that the order is also important, reading left to right, top to bottom. Once you are ready, click Next to continue.
To confirm that you have recorded the correct phrase MetaMask now asks you to re-enter that phrase, this is done by clicking on the words in the same order in which they would have been written down. If you get the wrong order, you can click on the ‘Back’ link at the top left of the screen to check what you have recorded.
Once you have re-entered the phrase, please click on ‘Confirm’ to continue. The final screen reminds you of the security aspects of your seed phrase and how important it is. Think of this phrase as a key to your safe, or to your bank accounts - NEVER share this phrase with anyone and keep backups of it in secure locations, split up the words too.
Once again; neither BitCar, MetaMask nor anyone else is able to assist in recovering “lost” wallets.
Accessing MetaMask and basic Account-Keeping
Once you click on the ‘All Done’ button, you will be taken to the MetaMask expanded view, where you can see your current account that’s been created and your Ethereum balance. You should also be able to see a MetaMask icon in the top right-hand corner of your browser; you can access MetaMask
at any time by left-clicking on this icon which will then show a condensed
view of the expanded screen.
Should you wish to access the full screen at any stage, please open MetaMask, click on the three dots at the right-hand side of your account name and select ‘Expand View’.
Each account in MetaMask relates to an individual public address on the Ethereum blockchain. Each of these addresses can store Ether and other tokens such as BITCAR and the CAR tokens you receive as a digital receipt for each fraction of a car you purchase from the platform. You can differentiate each of your addresses, or accounts, by the first and last four digits shown by MetaMask and the image displayed at the top.
Alternatively, you can also name your accounts to do this, select ‘Details’ under the account name and click on the pencil icon next to the current name. Type in whatever you want to call your account and then click on the tick icon to save, or the cross to cancel.
The same screen can be accessed via the MetaMask Icon and clicking on the three bars or ‘Menu’ that appears and following the same Details > Pencil > type name > Tick steps outlined previously.
If you want to quickly access your full address, just left click on the address under ‘My Account’ and it will copy it to your clipboard. You can then paste it into a text document or anywhere else as required.
We hope you have enjoyed this basic introduction to setting up MetaMask — please check out our other guides to getting started with the BitCar platform and checkout our YouTube playlist for more help.
You can also talk to us directly on Telegram (https://t.me/bitcar_io) or on Twitter (@bitcar_io)