Wallets give you a 12 word recovery phrase that prevent you from losing access to your funds. We encourage you to write down your recovery phrase and store it in a secure location.
First, install MetaMask on your Chrome or FIrefox browser.
Scond, create an account by clicking on the extension icon in the upper right corner to open MetaMask. Make sure to install the latest version.e. You will be prompted to create a new password. Reveal secret words, there you will see a 12 words seed phrase. This is really important! We recommended storing a copy of your seed phrase offline and in a safe place.
Next, deposit funds into your wallet. You can now see your public address and share it with other people to send and receive the iM Token!
For Bitcoin, the standard amount of conformations is 6 for the transaction to be completed. On average this takes about an hour, but can fluctuate depending on the network load. Other cryptos may require more or less confirmations, but this doesn’t always mean it will be slower or faster. Ethereum requires 24 confirmations, but the transaction will be completed much quicker.
If you are sending an ERC-20 token you will need ETH in your wallet in order to pay a miner’s fee when sending this cryptocurrency. This is because ERC-20 tokens are issued on the Ethereum blockchain and transactions on the Ethereum network, such as sending ERC 20 tokens, require Ether.