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HERE ARE EASY TO FOLLOW STEPS TO:

Securely create your first crypto wallet via MetaMask

Purchase Ethereum and transfer it to your new MetaMask wallet

Mint your first NFT for FREE.

View your new NFT inside your wallet.


MY NAME IS ADAM HOLLANDER. YOU CAN FIND ME ON TWITTER AS WELL AS LINKEDIN. I’M A
VOCAL ADVOCATE OF BLOCKCHAIN AND NFTS.

I share this because there are lots of people who will try to scam you out of
your cryptocurrency and NFTs. You need to be extremely careful who you trust in
this space; ESPECIALLY when taking advice on things as important as setting up
your wallet, interacting with contracts or making purchases.

The below instructions are designed to help those who are brand new to
cryptocurrency and NFTs. It can be daunting to get started in this space – but
it’s a lot simpler than it might seem on the surface.




CREATE YOUR WALLET




INSTALLATION



MetaMask is one of the most popular crypto wallets; used by over 20 million
people. It’s also easily the most widely supported when it comes to collecting
NFTs. It can be installed in minutes via metamask.io.

Your first lesson: only click links in crypto that you’ve researched &
validated. There are tremendous numbers of fake websites that will try to
maliciously steal your assets. Google “MetaMask” and ensure you’re on the
authentic website before proceeding.

MetaMask is an embedded plugin for your web browser and works with Chrome,
Firefox, Brave and Edge. You can also download it for iOS or Android – but for
purposes of these instructions, we’ll be using the web version via a computer.

Once you install the plugin you’ll see a “Welcome to MetaMask” page in your
browser. Click “Get Started” and then select the “Create a Wallet” option on the
right side of the screen.



Read more




NEW TO METAMASK





From here, follow the basic instructions - accept their terms & create a secure
password.

The final step is obtaining your Secret Recovery Phrase, or Private Key. For
MetaMask, this will be 12 unique words provided to you in a specific order.

If you pay attention to any part of these instructions, read the next section
EXTREMELY CAREFULLY.

⦁ Anyone who obtains your private key can access your wallet and steal all of
your assets. They don’t even need your MetaMask password to do so. If this
phrase isn’t kept safe, your cryptocurrency & NFTs are not safe, period. DO NOT
SHARE THIS WITH ANYONE, EVER. If someone asks for it, they are trying to scam
you – there are no exceptions to that rule. No one should ever ask for your
private key under any circumstance.

⦁ If MetaMask becomes uninstalled or you lose access to your device, the ONLY
way to access to your wallet again is with this Private Key. There is no support
number to call or alternate way to recover your assets.

⦁ It’s a best practice to not store the key digitally. If you store it
digitally, someone can potentially hack your machine, cloud or email/chat
history and gain access to it. I personally write my private keys down with a
pen and paper and store them in a safe.

⦁ OPTIONAL: I mix up the order of the words in a way where only I know how to
unscramble them. E.g. You could put the 5th number in the 8th position and vice
versa. This way even if someone finds my Private Key, they wouldn’t be able to
actually access the wallets. However, if you take this optional step, make sure
YOU don’t forget how you’ve scrambled them!

⦁ OPTIONAL: Finally, I have a copy of my private keys in a secondary location
with someone I trust. Just in case I somehow lose access to my safe or need to
access my keys from a remote location.

You should make your own decisions as to how secure you want to be with your
private key. The risk you take on can be balanced with the value you’re planning
to store in the wallet.

With all of that in mind, you’ll be shown a screen called “Secure Your Wallet”
to obtain your 12 word phrase and validate it before proceeding.



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CONGRATULATIONS





That’s it! You’ve now installed MetaMask and have successfully setup your crypto
wallet!

You can now access it via the toolbar in your web browser. Click the MetaMask
icon (which looks like a fox) and you’ll see your wallet named Account 1 with a
very complicated string of characters below it. This is your public wallet
address. It is completely OK and safe to share this. Think of it like the email
address of your wallet. If someone wants to send you something, you provide them
your public address.

Read more




WALLET ACCOUNT





If you click on Account 1, MetaMask will copy the public address to your
clipboard. To prove that it’s safe to share, here’s the public address of the
wallet address above: 0x9d3fA0EF5029DF9165FBfbD70aC0D29361573dF3. Feel free to
send whatever you like to it.

A final note before we proceed. What you’ve now created is called a hot wallet.
This means that the Private Key is stored digitally inside of MetaMask. If you
keep your Private Key safe, it’s perfectly OK to use this wallet. However, it’s
not nearly as secure as using what’s called a Hardware Wallet.

A Hardware Wallet acts as 2-factor-authentication for the blockchain. The
Private Key is stored on the physical device. Meaning you won’t be able to
transfer assets away from your wallet or complete any type of transactions
without having a physical USB device attached to your computer or phone.

I HIGHLY recommend looking into this if you plan on purchasing or storing
valuable assets. There are many different hardware wallets available; I
personally use a Ledger Nano X.



To note that if you do purchase a hardware wallet, you’ll have to then connect
it to MetaMask via the “Connect Hardware Wallet” option found on the main menu.
It will have a new public wallet address completely separate from the hot wallet
you created above.

Read more




AFTER SETUP




PURCHASE ETHEREUM



Now that you have your wallet setup, you see that it has 0 ETH inside it. ETH is
short for Ethereum; like how we abbreviate Dollars to USD. Obviously, you don’t
have any yet.

Ethereum can be used for a variety of things, including the purchase of NFTs.
It’s important to note that doing virtually anything on the blockchain will cost
transaction fees. The most common of which are called gas. You’ll need Ethereum
to pay these fees, regardless of what you’re looking to purchase.

You’ll notice there’s a “Buy” button directly in the MetaMask wallet. You can
use this to purchase small amounts of Ethereum with a debit card – though there
are restrictions; certain banks or geographies may simply not allow the
transaction to go through.



If you find yourself in this situation, or wanting to purchase more Ethereum
than the limits provide, you can use what’s called an Exchange. You may have
heard of some of the larger exchanges like Coinbase and Crypto.com. You can
create accounts on these exchanges, purchase Ethereum via bank transfers or
other means, and once you have it, transfer it to your MetaMask wallet.

I personally use Crypto.com most often when buying Ethereum, because they accept
same day wire transfers and immediately make the balance available without a
waiting period.

If you do purchase Ethereum from an Exchange, you’ll use the public wallet
address from the previous step when you want to send it to MetaMask. So as an
example, in Crypto.com you would click “Transfer to External Wallet” and then
paste the public address of your MetaMask wallet. It’ll take a few minutes to
process, but you should shortly see a balance in your MetaMask wallet.



Read more




MINT YOUR FIRST NFT FOR FREE





This step is optional. But if you’re looking for a way to “test your newfound
crypto powers” this is a safe and fun option to do so. I’m the founder of a
generative NFT collection called Hungry Wolves; 6,000 NFTs with a variety of
randomized traits & an ecosystem of game mechanics attached to them.



Part of that project is called RUNTZ, which are a collection of smaller wolves
that can be minted (created & purchased) for free. The only amount you’ll be
asked to pay are the transaction fees. To be clear: my project generates 0
revenue from someone minting a new RUNTZ.



If you visit runtz.hungrywolves.com you’ll see a button labeled MINT RUNTZ. If
you click on this and follow the steps that popup in your MetaMask wallet,
you’ll be able to mint your very first NFT! It should be noted that you ALWAYS
should do your research before signing any transaction with your MetaMask
wallet.

There are malicious contracts/websites that if you engage with them, can steal
your assets – as you unknowingly are giving them permission to do so. Anytime
that you’re asked to sign or confirm a transaction in your wallet, you’re taking
a risk. Make sure you only do this with reputable sites & projects; those that
have been validated by others that you trust.

Read more




VIEW YOUR NEW NFT



Once you’ve minted a RUNTZ, you can visit OpenSea.io, one of the largest and
widely used NFT marketplaces. In the top right corner you can connect your
wallet via MetaMask. Then by clicking the profile icon you can select Profile.
Did you remember to validate the link before clicking it?



On your profile you will see a Collected tab and should see your brand new NFT!



This is where you can go to view your NFT collection as well as to subsequently
sell any of your NFTs in the future via the OpenSea marketplace. At the top of
OpenSea you can also begin to search other collections. But before you make any
purchases, DO YOUR RESEARCH. Not every NFT is valuable. Not every NFT is a good
investment.

Most NFT projects have Discord servers and Twitter accounts. Go and engage with
those communities and learn about different projects before you get involved.

The RUNTZ NFT that you minted for free has its own community and is a great
place to start.

You can visit: https://discord.com/invite/hungrywolves to meet other members and
ask questions.

Read more



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