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14.11.24

GUIDE: Set up a Wallet

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Set up a Web3 wallet

To be able to buy and hold crypto tokens, you need a Web3 wallet. Follow the guide below to create yours: 

 

Step 1: Download a Wallet App


First, you’ll need a crypto wallet to interact with the decentralized world. One of the most popular choices is MetaMask, which is available as both a browser extension and a mobile app.
To get started:

  • Visit the MetaMask website or app store to download it for your preferred platform.
  • Once installed, the MetaMask icon will appear in your browser or on your phone screen.

Step 2: Create a New Wallet


  • When you open MetaMask for the first time, you’ll be prompted to create a new wallet.
  • Follow the on-screen instructions to complete this process.

 

Important: During wallet creation, you will receive a seed phrase—a string of 12-24 random words. This is your wallet’s backup. Make sure to store this somewhere safe, like a password manager or a physical copy in a secure location. If you lose this phrase, you won’t be able to recover your wallet.
Confirm that you've securely saved your seed phrase before proceeding!

 

Step 3: Add Polygon (POL) Network to MetaMask

MetaMask supports multiple blockchain networks, but you'll need to manually add the Polygon (POL) network to interact with it. 

Here’s how to do that:


  • Open MetaMask and click on the wallet icon in the top right corner.
  • From the dropdown menu, navigate to Settings, then click Networks.
  • Click Add Network and choose Polygon in the list.


GUIDE: HOW TO GET IXT
GUIDE: SECURITY IN WEB3

 

Some good words to know before you start:
Crypto: Digital currency using cryptography for security.

Blockchain: A secure, public ledger of transactions.

Layer 2 Chain: A faster, cheaper network built on top of a blockchain.

Polygon: A Layer 2 network for scaling Ethereum.

POL/MATIC: The native token of the Polygon network.

IXT: Planet IX native token used for in-app exchanges and rewards.

NFT: A unique digital item stored on the blockchain.

Wallet: A digital tool for storing and managing crypto.

CEX: (Centralized Exchange) a centralized platform for trading crypto.

DEX: (Decentralized Exchange) a decentralized platform for trading crypto.

Stake: Locking crypto to earn rewards or support the network.

Seed Phrase: A set of words used to recover your crypto wallet.

HODL: Hold onto crypto long-term, despite price change.


Meme Coin: A fun, joke-based cryptocurrency with viral appeal.