The easiest and safest way to create a cryptocurrency Ethereum wallet is through a browser extension Google Chrome, which is called "MetaMask"(https://metamask.io).
Metamask is a convenient application that is built into the Google Chrome browser to simplify the transfer of Ethereum (ETH) or ERC 20 tokens to the blockchain network Ethereum. If you already have an Ethereum wallet, you can import it into Metamask. The MetaMask application only works in browsers: Google Chrome, Firefox, Opera и Brave.
In our example, we use the Google Chrome browser. Type the word "metamask" in the Google browser search window and open the official application page using the link MetaMask. Select the browser in which you want to install the application. In the Chrome online store window that opens, click on the "Install" button. After installing Metamask, on the right side of the address bar of the browser, you will have an official logo in the form of an image of the head of a "fox", which is the symbol of MetaMask, and an interesting feature of the site will appear, this is the “technical behavior of a little fox”, which will rotate its head following movements of your mouse.
Let's move on to direct registration. Click "Continue", come up with a complex password consisting of 8 characters and click on the "Create" button. If you are simply re-installing Metamask on your computer and you already have an Ethereum wallet created through this application, enter your password that you created earlier and under the "create" button click on "import with seed phrase". Click on the "Next" button and confirm your agreement with the proposed Rules, Policies and Conditions.
In the new "Secret Backup Phrase" window that opens, click on the image of the lock in the grayed out field and you will see 12 code words in English that need to be saved in the same sequence, in a separate file, along with created password, and then transfer the file to a flash drive. It is not recommended to store passcodes and passwords on your computer or mobile device.
A combination of these words and your password will be needed to restore access to the MetaMask Ethereum wallet in case of installing the application on another computer or reinstalling the application. Keep your word combination and password in a safe place. It is advisable to additionally write down and save the combination of words and password on paper. Remember, you can't hack an Ethereum wallet, but hackers can steal your login information from your computer or mobile device.
After that, in a new window you need to confirm the secret phrase "confirm your secret backup phrase". Select the code words in the correct sequence and click "Confirm". That's it, your Ethereum wallet has been created and opened.
The page shows the address of your wallet and displays the account balance — the amount of ether that is in the wallet account and the equivalent values in various currencies — euro, dollar, bitcoin. You can also copy the wallet address and save it in a file; you will need it to transfer Ethereum to another wallet or to send it to someone who wants to transfer Ethereum to you.
From the Ethereum wallet page in MetaMask, by clicking on the "Top up" button, you can buy Ethereum (ETH) on the Coinbase cryptocurrency exchange (https://www.coinbase.com). You can also buy Ethereum for fiat money using Visa or MasterCard bank cards from the official Ethereum wallet website: https://www.myetherwallet.com.
Let's check the operation of the Ethereum wallet. To do this, go to the official website of the Ethereum wallet: https://www.myetherwallet.com. On the main page of the site, you can select English and select "Connect to MetaMask" — "log in using Metamask" to log in. In the window that opens, enter your password and click "login" and at the bottom of the window "Connect" — log in. That's it, your Ethereum wallet is open, you see the wallet address, as well as the account balance.
Working with the wallet is convenient and safe. It is important to save information from word combinations and your password.
If you want to buy Ethereum (ETH) or transfer Ethereum to another address, you need to set the gas price, the value of which is located next to the language selection option in the “gas price” tab. The gas price is required to complete transactions and is a transfer fee. And the higher the gas price value you set on the scale, the faster the transaction is completed. The site https://www.myetherwallet.com by default sets the required gas value to complete the transaction. To make the transaction go faster, we recommend setting the gas price value a little higher.
For the convenience of users, the MyEtherWallet wallet has an option to purchase Ethereum (ETH) for fiat money from Visa and MasterCard bank cards.
On the main page of the site, click "exchange" and in the window that opens, you can either exchange your Ethereum for another cryptocurrency, or click on Buy ETH (buy Ethereum). In the new window, enter the amount of Ethereum you want to buy, check the box that you are not a robot and click on "Continue".
After this, you will go through a verification procedure to confirm your email address and phone number.
Upon completion of checking the data you entered, in the window that opens, fill out the fields with personal data, where you write separately your first name, last name, email address, phone number, date of birth, Address Line 1 is usually the street name and house number, and Address Line 2 is the number apartments, City, Zip Code — postal code, select the country and check the box confirming your agreement with the Terms and Conditions, Privacy Policy of the payment service and click again on "Continue".
In the new window that opens, enter your bank card details and click "Pay Now". After completing the payment service verification procedure and payment, the paid amount of Ethereum will appear on the account balance of your Ethereum wallet.
To transfer ether, you must select "transfer ether and tokens" in the menu. Choose to log in via MetaMask, click "Connect to MetaMask", in the window that opens, enter your password and click "login" and at the bottom of the window "Connect" — "login". In the "recipient address" field, indicate the wallet address of the recipient to whom you want to transfer Ethereum (ETH). In the "transfer amount" field, write the transfer amount in ETH and set the recommended gas limit. The more gas you supply, the faster your transaction will be completed. Click “form transaction” and confirm it. After this, the Ethereum is transferred from your wallet to another.
If you closed the browser, then when you open the browser again and enter the MetaMask application from the same computer or mobile device, Metamask will prompt you to enter only your personal password; you do not need to enter a combination of code words. A combination of code words will be needed to restore access to the MetaMask Ethereum wallet in case of installing the application on another computer or reinstalling the application.