This is a randomly generated string of words and MetaMask will prompt you to confirm this phrase by entering it back into the app.
Once confirmed, you will land on the main page of your MetaMask wallet.
THIS IS TO ASSESS YOUR IDENTITY IN THE EVENT OF A SECURITY ISSUE!!
Note: Please write your seed phrase down on paper and save it somewhere safe – meaning offline.
Saving your phrase anywhere on your computer exposes you to hacks and scams – just know that many people were hacked via their seed phrase, so do not take this lightly.
3. Settings and a piece of advice
You should try to play with your new wallet’s settings to get familiar with it.
To access the general settings page, hit the icon in the top right corner of the page – next to where it says “Ethereum Mainnet.”
Your account name, notification settings and contact list can be edited directly from settings.
Your wallet’s unique Ethereum address shows directly below the “Account 1” identifier — that you may change of course.
An Ethereum address is a random string of characters.
This address is yours and yours only – such as your traditional bank account details – and this is what you will use to interact with the Ethereum blockchain from anywhere.
You will need it sometimes on websites and various exchanges whether to collect, send or receive tokens.
Every ETH address is more or less public and searchable via Etherscan.io for transparency purposes.
Be reassured though, just because you can see and copy someone’s address does not mean you have control over it at all – the seed phrase is where the danger lies.
While anyone can send a token to any ETH address, only the user who owns the wallet associated with this address (i.e., has the password and seed phrase) can manage the tokens within it.
4. Add Funds
The two most common ways to add tokens to your MetaMask wallet are by either:
1.
Sending it from an exchange (Coinbase, Gemini, etc.)
2.
OR purchasing ETH directly through Wyre – MetaMask’s default payment interface.
Hit “Add Token” at the bottom of your main wallet page.
Here you can search for a variety of commonly traded tokens – not just ETH.
Just know that tokens usually go by their shorthand names.
For instance:
ETH = Ethereum
BTC = Bitcoin
SOL = Solana
Once filled with some tokens, your wallet is ready for use... on Nested of course! ;)