Setting up your first Hot Wallet 👀

So, it’s time to get our hands DIIIIRTYYYYY!

An easy and simple explanation on how to open your first MetaMask account?

First and foremost: what is Metamask?

Metamask is an hot wallet, based on the Ethereum blockchain, that helps you buy, sell, send or receive Ether or other tokens based on the blockchain.

Moreover, what is an Hot Wallet?

It’s an online custodian service that allows to receive, sendo or maintain digital assets, either they are cryptocurrencies or NFTs

Important to say that every single blockchain has its own wallet, therefore make sure always to interact with Wallets of different blockchains.

How to setup your first Metamask account? Easy Peasy Vitalik Squeezy! (Sorry for the joke)

First of all, head to http://metamask.io and click on “Install MetaMask for [your browser]”

Once that, enable the extension for the browser

If properly downloaded, just click on the icon of the puzzle on the top right and enable the “Metamask” extension

Now let’s setup the account!

First and foremost, you can either create a new Metamask or even import an old one. Make sure to use your seed phrase (look later for more info) to import your previous account. If opening a new one, just “create a wallet”!

Ok, web3 is good but still a password to access is needed! Use a solid, robust and not-hackable one please 🙏 

Now, stay with me as this is FUNDAMENTAL. You will be given a “Secret Recovery Phrase” and this will be the ONLY WAY to recover your assets if you forget your password.

Store in the safest place possible, way better if you simply write it somewhere and keep it with you!

Now, you will be asked to confirm you seed phrase and….

…you’re good! You have your first account!

See under “Account 1”? Now you have your first Ethereum address, an alphanumeric number of 42 characters to which you can send ETH or from which you can withdraw them!

The Metamask account will be useful later on to mint our tokens, and it will be important to sign contracts and access to web3 pages… but we’ll see this!

All good? See you tomorrow to start interacting with AI! LESSGOOOOO!

As usual, if you have questions, please keep in touch 🙏 

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