In order to buy NFTs, cryptocurrencies or other tokens, you will need to set up a web3 wallet and fund it with cryptocurrency. Your web3 wallet is much more than a place to store currency. It’s more like your passport to web3, an identity card, gallery and safety deposit box combined.
For this guide, we’re going to assume that you want to fund your wallet with Ether, also known as ETH, which is the native token of the Ethereum blockchain. Ethereum is the most commonly used smart contracts blockchain.
Below, we’ll outline the main steps to set up and fund your web3 wallet,
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The most popular web3 wallet is called Metamask, which is a Google Chrome browser extension. Metamask also has iOS and Android apps, but the desktop version is more reliable.
**Here is a step-by-step tutorial on how to set up a Metamask wallet.**
Follow the steps in the “Getting Started” section, then come back here for Step 2 below.
If you get stuck, please reach out to us on Discord. Just ask in the #helpdesk channel and our Community Experience team will be happy to help.
Although most commonly used for Ethereum, Metamask is a multichain wallet that will also allow you to interact with smart contracts on Polygon, Avalanche, Binance Smart Chain, Harmony and many other blockchains. Rainbow Wallet and Coinbase Wallet are good alternatives to Metamask, and some blockchains have their own specific wallets.
Now that you’ve set up your wallet, it’s time to fund it with some ETH. If you are new to web3 and you don’t already have some ETH in another wallet or on an exchange, you can do this using your bank account or debit card. You may be able to use your credit card, but not all card issuers in all countries support this.
The exact steps to add funds to your wallet will depend on which country you live in. There are likely to be several options for each country. We will offer one or two options for different countries below, based on recommendations from our community. Please do your own research to make sure that you are using a reputable service, and confirm any fees that may apply.
If you know good funding options for other countries that we can add to this list, please send us a DM or connect with us on Discord and let us know. Thank you!
Metamask gives several ways to fund your wallet. Simply open Metamask on your browser or phone, and click buy. This will give a variety of ways to deposit ETH into your wallet.
Transak supports credit & debit cards, Apple Pay, MobiKwik, and bank transfers (depending on location) in 100+ countries. ETH deposits directly into your MetaMask account.