A Web3 wallet is a digital wallet used to store, send and receive cryptocurrencies and other digital assets. However, unlike traditional wallets, Web3 wallets also allow interaction with decentralized applications (dApps). In this way, you can trade on decentralized finance (DeFi) platforms, buy NFTs and many more. Metamask and Coinbase Wallet are the most popular Web3 wallets.
Metamask Wallet
MetaMask is a popular cryptocurrency wallet used to interact with the Ethereum blockchain. Simply put, it is a digital wallet that allows you to securely store and manage digital currencies (specifically Ethereum and ERC-20 tokens).
1. Download the metamask add-on for Firefox or Google Chrome from https://metamask.io/ or download the metamask application from your mobile device. If Firefox is downloaded, metamask will appear on the welcome screen.
2. The password is determined. It is important for security that there is one lowercase letter, one uppercase letter, numbers and signs when determining the password. As it warns in the Metamask image, the specified password is never stored in Metamask and if it is lost, all responsibility belongs to you.
3. This visual indicates the precautions to be taken against forgetting the password. Here are some randomly generated words. Let's take note of these words. (Let's keep it the old fashioned way, preferably with a device that is not connected to the internet or with a pen and paper.) It is worth reminding that this is more important than the password. So make sure you protect it very well.
4. In the next stage, some words will be deleted. Write the correct words by looking at where you saved and continue.
5. And we are inside! Welcome to the simple but huge portal to the Web3 world! In this simple interface, you will see tabs such as buy/sell, send, exchange, bridge, portfolio. You can do all your transactions here. Remember: the internet was the intellectual evolution of the book and notebook, web3 is the internet. You have taken the first step towards imagining the future together, where finance and human creativity meet with cryptography!
Coinbase Wallet is a self-storing crypto wallet that allows you to control crypto money, keys and data. It allows cryptocurrencies and rare NFTs to be stored securely in one place. However, it is not quite the same as the Coinbase exchange.
2. By clicking Create a new wallet, we proceed to the wallet creation process.
3. The same situation applies here with Metamask, this visual indicates the precautions to be taken against forgetting the password. Here are some randomly generated words. Let's take note of these words. (Let's keep it the old fashioned way, preferably with a device that is not connected to the internet or with a pen and paper.) It is worth reminding that this is more important than the password. So make sure you protect it very well.
4. In the next stage, he will ask for the first and last expressions of the words we took notes.
5. We create the password we will use.
6. At this stage we can get our free username, but it is not mandatory. We can proceed by saying "I will do it later."
7. And we are inside! Welcome to the simple but huge portal to the Web3 world! In this simple interface, you will see tabs such as buy/sell, send, exchange, bridge, portfolio. You can do all your transactions here. Remember: the internet was the intellectual evolution of the book and notebook, web3 is the internet. You have taken the first step towards imagining together the future where finance and human creativity meet with cryptography!