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Create a new MetaMask wallet

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This information is to serve as a guide only! Please do your own research to find the wallet that's right for you.

MetaMask is one of the most popular EVM compatible crypto wallets in the world. The decentralised crypto wallet lets users store, send, and stake cryptos via a single app.

MetaMask Setup Process​

This guide will help you to create a new crypto wallet with MetaMask for mobile or desktop.

Installation Steps:

Download the MetaMask app from Google Play for Android or the App Store for iOS devices, respectively, and follow the setup instructions provided.

After installing, you'll be guided to create a new wallet:

  1. Agree to the terms and conditions.
  2. Accept MetaMask’s data usage policy.
  3. Create a wallet password.
  4. Learn about the importance of the Secret Recovery Phrase (SRP) through provided materials.
  5. Reveal and securely store your 12-word SRP.
  6. Verify the SRP to complete the setup.

Securing Your MetaMask Wallet​

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While it's safe to share your wallet address, remember to keep your private key and recovery phrase confidential.

Secret Recovery Phrases (SRP)​

SRPs are crucial for wallet recovery and ownership verification. Unlike social media accounts, MetaMask does not offer conventional password recovery options, making SRP vital for accessing your wallet across devices.

Private Keys​

Each wallet address comes with a unique private key, essential for authorizing transactions. It's crucial to keep your private key confidential to prevent unauthorized access to your funds.

Self-Custodianship​

As a MetaMask user, you're the sole custodian of your wallet. This non-custodial approach emphasizes the importance of securing your assets and being vigilant against unauthorized access attempts.

Using Your MetaMask Wallet​

Connecting to Blockchains​

MetaMask allows interaction with various EVM-compatible blockchains, setting Ethereum as the default network. However, it does not support non-EVM chains like Bitcoin, Solana, or Cardano directly.

Adding Tokens​

To receive tokens, use your wallet address and ensure compatibility with EVM chains. MetaMask's 'enhanced token detection' feature helps in identifying and adding tokens to your wallet.

Swapping and Sending Tokens​

MetaMask facilitates token swaps directly from the wallet, offering competitive rates across DEXs. When sending tokens, double-check recipient addresses and be mindful of gas fees, which vary with network congestion and transaction priority.

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