Do you know about wallet?

BXH-Blockchain
3 min readJun 17, 2022

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Cryptocurrency wallets provide users with a digital solution for securely storing and managing blockchain assets and cryptocurrencies. These wallets allow users to send, receive, and trade cryptocurrencies.
A cryptocurrency wallet is an app that allows cryptocurrency users to store and retrieve their digital assets.

One of the wallet is MetaMask wallet ,what is MetaMask wallet???

MetaMask is a wallet for the most diverse blockchain in existence Ethereum. It’s your gateway to its DeFi ecosystem, non-fungible tokens NFTs, ERC-20 tokens, and practically everything Ethereum. It is a wallet that enables users to access the Web 3 ecosystem of decentralized applications (dapps).

It’s available as an app for iOS and Android. In addition, you can use this as an extension with a few web browsers: Chrome, Firefox, Brave, and Edge.

Why its preferable to use MetaMask wallet?

Ease of use

Starting with MetaMask is easy, quick, and anonymous. You don’t even need an email address. Just set up a password and remember (and store) the secret recovery phrase.

Security

Your information is encrypted in your browser that nobody has access to. In the event of a lost password, you have the 12-word secret recovery phase (also called a seed phrase) for recovery. Notably, it’s essential to keep the seed phrase safe, as even MetaMask has no information about it. Once lost, it can’t be retrieved.

Backup and Restore

MetaMask stores your information locally. So, in case you switch browsers or machines, you can restore your MetaMask wallet with your secret recovery phrase.

Conclusively, try MetaMask if hot wallets are your pick. Let’s begin with the installation before moving to its use cases. Further sections entail the illustration for Chrome web browser and Android mobile platform.

How To Set Up a MetaMask Wallet (Phone and Desktop)

Step 1: Download MetaMask

If you’re using an Android or iOS device, download the MetaMask wallet from the Google Play or Apple store.
Download the Google Chrome MetaMask extension for desktop devices and add it to your browser.

Step 2: Create your first account

On your mobile device, follow the prompt to create a new wallet. Please create a password for your wallet and confirm it.

Next, secure your wallet with the recovery phrase. The recovery phrase contains 12 words in a specific order. Write them down on a piece of paper and save them in a safe place. Confirm your recovery phrase by entering each word in the correct order on the next screen. Once the words have been entered, complete the verification.

Step 3: Import your mobile account to your Chrome extension

Confirm your recovery phrase by entering each word in the correct order on the next screen. Once the words have been entered, complete the verification.

NOTE: Make sure to delete the email with your private key, as anyone that gains access to it will be able to steal your funds.

Step 4: Adding different chains.

By default, MetaMask runs on the Ethereum blockchain. However, many dApps will require you to switch networks and operate on different chains.

Step 5: Adding different tokens.

By default, MetaMask only shows Ethereum. However, you can easily add various tokens to your wallet.

To add a token, click import tokens at the bottom of your wallet.

You will need the token contract address. Paste it, and the token should show up. You can try adding a token by heading over to CoinMarketCap, navigating to any of the tokens, and clicking the copy button under the Contracts.

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BXH-Blockchain
BXH-Blockchain

Written by BXH-Blockchain

BXH (Bitcoin Dex on HECO) is an innovative Dex trading platform developed based on Huobi ECO Chain.

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