💼Create a wallet

Before diving into Kassandra's tokenized portfolios, it's essential to understand what a hot wallet is and how to create and setup one for yourself

A hot wallet is a digital wallet that is connected to the internet and is accessible through various devices such as computers, smartphones, or tablets. It allows you to store, send, and receive cryptocurrencies conveniently.

There are several hot wallet options available. Thanks to our Web3-Onboard integration, you can choose a wider range of wallets, For this guide, we'll focus on MetaMask, a popular and user-friendly hot wallet for Ethereum and other ERC-20 tokens.

Step 1: Install Metamask

  • Open your web browser and visit the MetaMask website (https://metamask.io/).

  • Look for the option to "Get Chrome Extension" or "Get Firefox Add-on" depending on your browser.

  • Click on the appropriate option to install MetaMask as a browser extension.

  • After installation, you'll see the MetaMask fox icon in your browser toolbar.

  • Click on the MetaMask icon to launch the extension.

Step 2: Create a New Wallet

  • Upon launching MetaMask, a welcome screen will appear.

  • Click the "Get Started" button to begin the wallet creation process.

  • You'll be prompted to set up a password for your MetaMask wallet.

  • Create a strong password that you can remember but others cannot easily guess.

  • Confirm the password and proceed to the next step.

Step 3: Backup Your Seed Phrase

  • MetaMask will provide you with a unique seed phrase consisting of 12 or 24 words.

  • It's crucial to back up this seed phrase as it serves as a backup to restore your wallet if needed.

  • Write down the seed phrase on a piece of paper and keep it safe.

  • Do not share the seed phrase with anyone and avoid storing it digitally.

  • After writing down the seed phrase, MetaMask will ask you to confirm it.

  • Select the words in the correct order as they were displayed to you.

  • This step ensures that you have accurately recorded the seed phrase.

Step 4: Success!

  • Congratulations! You've successfully created and set up your MetaMask hot wallet.

  • Take some time to familiarize yourself with the MetaMask user interface.

  • You can now use your wallet to send, receive, and store cryptocurrencies.

Remember to keep your wallet password and seed phrase secure and never share them with anyone. Be cautious while interacting with cryptocurrencies and double-check addresses before making transactions. Stay updated with security practices and consider additional measures such as enabling two-factor authentication for added protection.

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