How to install MetaMask to trade on decentralized exchange?

Learn how to install the MetaMask Wallet and deposit tokens in order to trade on the TokenMarket Exchange

As the TokenMarket Exchange is a decentralised non-custodial platform, users will need a separate external wallet to be able to trade on the exchange. This explainer will take new users through a step by step process on how to install, activate, and make a deposit using their MetaMask Wallet to be able to trade on the TokenMarket Exchange.

For a tutorial on how to use and trade on the TokenMarket Exchange read our explainer.

What is a MetaMask Wallet?

MetaMask is a digital Wallet that allows you to transact with distributed blockchain solutions on your internet browser. It allows you to connect with Ethereum dApps right in your browser without running a full Ethereum node. MetaMask includes a secure identity vault, providing a user interface to manage your identities on different sites and sign blockchain transactions. On the TokenMarket Exchange you can make token deposits and withdrawals between the MetaMask Wallet and your TokenMarket Exchange profile.

How to install MetaMask?

  • Simply add the Metamask extension to your browser

  • You will then be prompted to enter to MetaMask Beta and set up your account.

  • Once your account has been created, follow through all the security setups and terms and conditions that MetaMask requires you to go through.

  • Do note that its advised to keep both your password and seed phrase safe to ensure your funds and account are safe.

  • Once this has been set up you will be prompted to deposit Ether.

  • MetaMask will give you the options of either directly depositing Ether from your pre-existing wallet, Shapeshift or, if you don’t own any, purchasing it from Coinbase.

  • You will receive your unique Ether address (the string of characters starting with 0x…) which you can simply copy and paste into any exchange or wallet to send Ether into your MetaMask Wallet.


How to deposit ether into your MetaMask Wallet from an Exchange

  • Login to your MetaMask Wallet.

  • Click on your account name as displayed in MetaMask to copy your wallet address

In the receiving address during the withdrawal process enter or paste the copied MetaMask Wallet address into the field. Please cross-check the address twice before confirming the transaction.

  • Once the transaction is mined, you will be able to see your updated balance in your MetaMask Wallet.


How to deposit Ether into your MetaMask Wallet from another wallet

  • Login to your MetaMask Wallet.

  • Click on your account name as displayed in MetaMask to copy your wallet address

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  • After you have copied the link to the MetaMask Wallet. Login into your wallet, from where you want to send Ether, and send Ether to the copied MetaMask Wallet address. Please cross-check the address twice before confirming the transaction.

  • Once the transaction is mined, you will be able to see your updated balance in your MetaMask Wallet.

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