Set up your Metamask Wallet

In this video, you will learn to create a new wallet from scratch with Metamask. We will also discuss the best storage methods for your recovery phrase to recover/transfer this wallet.

Transcript

Hello, and welcome. Today, we will discuss how to set up a Metamask wallet. Now that we have the Metamask Extension installed in our browser, its time to go through the process of setting up your wallet.

First, if the setup page is not loaded into your browser, click on the fox icon in your browser extension bar. As you can see, we have two available options; either create a new wallet, or import an existing wallet. Today, we are going to focus on creating a new wallet, we will cover how to import an existing wallet in another video.

Now, lets click on the create a new wallet button. On the next page, Metamask asks for permission to gather data. I never want any of my data tracked, so I always click on the no thanks option.

On the following page, you will be prompted to enter a new password. Please make sure that this is a difficult password and not one that you use with other online interactions. Also note that you’ll need to check the box that states Metamask cannot recover your password for you before moving on to the next page. I would also recommend that you write down your password and save it in a safe place.

Now we are ready to secure our wallet. Please take the time to read through the provided information, and watch the recommended video on this page. Once you feel comfortable with this information, click on the, Secure My Wallet button.

On this page, please feel free to read the information, and then click on the Reveal Secret Recovery Page link. At this point, you will want to pause this video, and take the time to write down your recovery phrase. Now that you have it written down, click on the Next Button.

In this area, you will need to enter in the missing words to confirm your recovery phrase. Please note, that all the recovery phrase words are lower case. After you enter the missing recovery words in the empty fields, click on the confirm button.

Now that you have completed all the steps, the following page will confirm that you have successfully created your wallet. Again, Metamask states that they are unable to recover your password or recovery phrase. And remember…never share your wallet credentials with anyone.

Metamask will now show you how to pin the extension to your browser. If you haven’t already done that then follow the directions, and when you are finished, click done.

Congratulations on successfully setting up your Metamask wallet! Thank you for joining us today to learn more about Metamask. Please be sure to check out our other videos in the university that further explain the functionality of this, and other crypto related topics.

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