Bitcove Blog

News and updates from the Ireland's leading cryptocurrency exchange

May 25th

2021

25-05-2021

Metamask

Metamask is a free browser extension used for storing Ethereum and other ERC-20 Tokens. The extension allows web applications to read and interact with Ethereum’s blockchain in a secure manner. Below we will give a step-by-step walkthrough on how to install and use Metamask.

Step 1: Installing Metamask on your browser

To create a new Metamask wallet, first you need to install the extension onto your internet browser. Most popular browsers will have Metamask available on their stores. The following links will take you to the Metamask download page for Chrome, Firefox, and Safari.

The following walkthrough will be done using Google Chrome, the installation steps for other browsers should be similar. If the above links don’t work, simply search “Metamask extension” on your preferred search engine.

Metamask

  • Click the link for Google Chrome above
  • Click Add to Chrome
  • Click Add Extension

Metamask


Metamask

Now Metamask is installed as a Google Chrome extension. The next step is to set up an account.

Step 2: Creating a Metamask account

Click Get Started. Alternatively you can open Metamask by clicking on the extension icon in the top right corner of your browser.

Metamask

Click Create a Wallet.(If you already have a wallet, you can sign into it by clicking Import Wallet and entering your seed phrase).

Metamask

  • Click I Agree
  • Choose a secure password. Make sure not to forget this. Writing this down on paper and keeping it in a secure location is the safest method. Proceed by agreeing to the Terms of Service and clicking Create

Metamask

  • Next, you will be given your backup phrase. This is a list of 12 words that will help you sign in to and recover your account if you lose your passwords. Make note of these words (and the order they appear in) somewhere secure!! If you lose this list you may lose access to funds in your Metamask wallet.
  • Click Reveal Secret Words. Write all 12 words down.
  • Click Next.

Metamask
  • Confirm your seed phrase by clicking each word from the list provided in the order the words were in the previous page.
  • Click Next.
  • Click All Done.
Metamask

Congratulations! A new Ethereum wallet address has been created for you ready to receive funds. You now have a Metamask Wallet.

Step 3: Funding your Metamask account

As mentioned above, Metamask is an Ethereum based wallet. This means it is only capable of storing ERC-20 tokens (e.g. Ethereum, Tether - USDT, USDC, BAT). For this example we will walkthrough funding Metamask with Ethereum.

  • Go to Bitcove.ie. Click Create an account. Enter your details. Verify your account by clicking the link that is sent out to you via email. (If you already have an account you can skip this step by simply signing into Bitcove).
Metamask
  • Click Buy under Etherum.
  • Select preferred Payment Method
Metamask
Metamask
  • Enter the amount of Ethereum you would like to purchase. Click Submit Buy Order.
  • Make payment. Click Mark Payment as Complete.
  • The next screen will ask for an Ethereum address. This can be found in your Metamask wallet.
  • Click the Metamask Icon in the top right corner of Google Chrome. Your wallet address can be found in the red circle, shown below. Simply, clicking this will copy it to your clipboard.
Metamask
  • Paste this address into the field provided on Bitcove.ie. and click Save Receiving Information.
Metamask

Once your payment is verified the funds will be sent straight to the Ethereum address you submitted (i.e. your Metamask Wallet). Don’t worry if the funds don’t arrive straight away, waiting times can vary depending on network traffic.

Now your Metamask account has been funded and you’re ready to jump into the world of Ethereum! If you experience any issues in the process, feel free to reach out to us at support@bitcove.ie.

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