MetaMask – the desktop browser plugin and mobile application that is widely accepted as the industry standard wallet to connect and interact with any DeFi platform on the Ethereum and Binance Smart Chain Network. MetaMask has everything you need inside their application to get started investing in the DeFi ecosystem.
You may have heard of the slogan, “not your keys, not your coins.” Which in laymen’s terms means that if you don’t control your private keys then you don’t really own your digital asset. With MetaMask you can be assured that your funds are safe as you control your private keys and not a third party entity.
Installing MetaMask is fairly simple, and should not take longer than 5 minutes. With that being said, let’s waste no time and get started.
Downloading
- Go to MetaMask.io and then click the blue “download now” button.
- The website will automatically detect which web browser or mobile device you are using
- Click “Install MetaMask for ___”
- If you are on a computer, the website will link you to the browser web store. If you’re on iOS or Android, MetaMask will link you to either the Apple App Store or the Play Store.
- Click Install, then open MetaMask once the download and install is complete.
- Once the app is open we can start setting up your new wallet.
- Click “Get Started”
- Click “Create a Wallet”
- Click “No Thanks” on helping us improve MetaMask
- Create a password.
Write down your “Secret Backup Phrase.” Do not store it digitally on your computer or take a photo of it, or the money in your wallet could be at risk to a hacker. It’s best to write this secret backup phrase down and keep it somewhere safe where no one will find it. Make sure you take care of it and do not lose it, because if you lose your password and you lose this there is no getting back into your account.
Confirm your “Secret Backup Phrase” by selecting each word in order as you wrote it down in the previous step.
Congratulations, you created your first MetaMask wallet. You’re now on your way to enter the DeFi ecosystem.