METAMASK EXPLAINED! All you need to know about wallets!

Have you installed the Metamask software wallet without really understanding what it is what what it does? Then this video is for your. Knowing how wallets function is extremely important!! If you don't know what you are doing, it's almost guaranteed that you will lose your hard earn money.
NFTs explained:
• How NFTs revolutionize...
NFTs Q&A Session:
• Video
How to turn you art into an NFT:
• How to turn your art i...
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DISCLAIMER 1: I’m not a financial advisor and I don’t give any financial or any investment advice in this or any future videos, this one is for educational purpose only! Research before you throw money at something!
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#NFT #crypto #art

[@justinertia6835]

The part where you said your wallet does not contain your crypto, it just contains the keys that point to the assets location in the blockchain - was a lightbulb moment! Thanks!

[@3DGladiator]

That was one for me too. Everything makes a lot more sense afterwards. Assets never leave the blockchain. Thanks for watching. Best, Ben

[@emilymatshwane8414]

Hi sir. I bought bnb n swap them to this other coin on pancakeswap on metamask n now I don't see them,I can only see transaction history on BSc scan. Please help me to restore them to my wallet plz. They are In WBNB

[@jacksonwittwer8842]

That indirectly answered all the questions I had. Thank you for providing some context on how these work!

[@3DGladiator]

Great to hear Jackson! Thanks for watching. Best, Ben

[@AlexLashko]

Thanks for the explanation. It's very interesting space indeed and it helps to understand it better. Look forward to more videos on this topic.

[@rmk7120]

Wow, This is brilliant. It is very valuable knowing the ins and outs of what actually happens with transactions. Thank you.

[@3DGladiator]

You're very welcome!

[@Skyscraper21]

Very good explanation thx. I hope I can learn as much in the other videos. If so, you got a new superfan

[@digitallighthouse26]

The best explanation of what I needed to know, including the behind the scenes explanation. Thank you!

[@3DGladiator]

Glad it was helpful! Thanks for your comment and your kind words. Best, Ben

[@cryptosfool]

You are really good.I always learn from you. CoinMystic -San Francisco, California

[@siriusbyrde3087]

Really great video and very clear explanation. Thumbs up from France !

[@3DGladiator]

Glad it was helpful! Thanks for watching. Best, Ben

[@watson2117]

Thanks, video was really very informative. learned a lot and cleared my doubts

[@3DGladiator]

Thanks for watching and your comment. Best, Ben

[@ovinedelcu6803]

Would you recommend waiting on curated markets like super rare, nifty, makers place, or do you think its just better to get start on rarible, opensea etc? do you feel the curated markets will not accept you if you have already started minting and posting work on other open markets? which direction do you feel is better?

[@josesebourne1030]

This was fantastic information.

[@3DGladiator]

Glad it was helpful! Thanks for watching Jose.

[@fractilians7]

This video is exactly what I was looking for. Understanding what is happening on the backend of this tech is so important. Thanks again for another excellent video:) One question - Lets say I sell my NFT on Rabible - that transfer of ownership will happen automatically when they purchase the NFT right? Is that done via Rarible? Or am I missing something?

[@3DGladiator]

Glad it was helpful! Thanks for watching and your comment. In the next one I show you how to lower gas fees.

[@fractilians7]

@@3DGladiator Oh man that would be great! My gas fees on my first transaction were astronomical!

[@howardkennedy9098]

yes good enjoyable thanks

[@nftguy7131]

What do you say a floor Fanzy NFT will trade for? share your opinion on buying pre-mint NFT's

[@cimmeriantower]

More advanced videos about how to mint NFTs on different blockchains such as EOS and WAX, and how to mint series of NFTs on OpenSea, Rarible, Mintable, etc.

[@3DGladiator]

Thanks for your suggestion. I will look into this.

[@cimmeriantower]

@@3DGladiator thank you my friend, keep up the great work.

[@fractilians7]

Yes, I would also love videos on that!

[@DanielPartzsch]

Thanks for the video. Do you think it's safe enough to store the phrases in an online vault like last pass or is this too unsecure (and if so, why?) thanks again

[@3DGladiator]

When you use a software wallet, the seed phrase will always be digitally accessible in one way or another - accessible only to you at the best. That's the difference between software wallets and hardware wallets. Hardware wallets display the seed phrase directly on the device, generated with their own software and disconnected from the internet. To answer your question, I would say it's safe to store the phrase in an online vault as long as you don't manage large volumes - volumes that endanger your financial existence in case something goes wrong. To transfer and store the keys to large sums, I would always use a hardware wallet.

[@theshrubberer]

hey your NFT videos for creators are great. Can you do a followup on the following details which i can't find clarified anywhere: 1. Much more on the digital asset lifecycle as it pertains to the physical file and the transfer of ownership. You mentioned using IPFS to store the "true" asset. But can you drill down on that, like, the long teem cost of IPFS, who pays for that storage over time? 2. Guidelines for asset format. You mentioned minting smaller jpg on Rarible while using "unlock once purchased" to allow access to TIFF on IPFS. I do large photo collages, some are massive with TIFFs over 2.5GB in size. Does not seem reasonable to me that the buyer would want a 2.5GB TIFF, wouldn't a Lightroom exported JPEG at 100% "quality" be better for both the buyer and seller? The TIFF is my best proof of authorship, if i give that away i lessen my position of proving authorship, and buers can use JPEGs more readily than TIFFs. Furthermore, do the NFT buyers understand this whole "unlock once purchased" issue and lifecycle? 3. Can you drill down on the details of editions > 1, what Rarible calls "multiple" (confusing name imo, as i thought this might mean several assets in a series or group). Anyway, re editions... please drill down on the mechanics of selling editions/multiples >1, in particular in reference to the "unlock once purchased" cycle issues i mentioned above? 4. How are editions controlled and tracked? is a digitized counter "1 of 10". "2 of 10" recodred somewhere in some way? What is to prevent the creator or the buyerrs from selling more editions over time of the same asset on different platforms? 5. Creator rights beyond the sale of the NFT. Assume i sell one of my images as a minted NFT, Then I receive an ivite from a gallery to display and sell the same asset printed? What are my rights and obligations? You mentioned the right to sell t shits etc but what about additional fine art prints? Thanks in advance for your great work

[@cerenetworksupport8225]

This is cere network community support from metamask, have you validate your wallet with cere?

[@kumarsandran3443]

Great video! I have a question. 1. How does Metamask randomly choose the 12 words seed? 2. How does Metamask ensure that it does not accidentally choose the same 12 words in the exact same order for two different wallets during sign up for the first time? I know the odds are low but still if it is just randomly doing so, then the possibility is always there. 3. There are so many other wallets too like Trust etc? So how do the various wallets avoid choosing the same seed phrases? Would greatly appreciate it if you can explain this.

[@3DGladiator]

Hi Kumar. Thanks for watching and your questions: - I think the selection is done by a simple random function. - All 12 words are selected from the BIP39 list containing 2048 different words. Not only the correct words have to be drawn, they also need to be in the right order. Even though it's mathematically possible to get the same results twice, it's not gonna happen in the next few millions years. - Other wallets use different lists with other nmemonic seed words. Best, Ben

[@donovanlappin2939]

I bought an nft on open sea it’s in my MetaMask wallet but how do I post it for sell or auction?

[@ovinedelcu6803]

Thanks for the insight. aside question, what are the differences between the various marketplaces and would you choose one over the other? Ive noticed that Nifty Gateway has a "waiting list" as opposed to Rarible doesnt. does it matter which platform you create/post a piece of artwork? or is it the same nft/art that can be sold and bought on cross platforms? for example, if I create an account with Rarible and someone buys my art, can they then sell it on super rare or NiftyG? im just a bit confused on the global eco system of all the various platforms and what the pros/cons are for using one or another. Thanks

[@3DGladiator]

There are basically two types of marketplaces at the moment: platforms where everyone can mint their NFTs like opensea, rarible or mintable, and there are invitation-only marketplaces like niftygateway, makersplace or superrare. They accept only a handful of artists with a solid track record and a decent follower base. If you haven't made a name for yourself, it's impossible to be invited for a drop. The auctions on niftygateway are curated and are usually life-changing for the participating artist in regard to the realized profit. Once an artwork has been tokenized, you could theoretically sell it everywhere. But keep in mind that if it was minted on the Ethereum blockchain, it stays at the Ethereum blockchain.

[@ovinedelcu6803]

@@3DGladiator Thanks for the insight. that makes sense. what do you mean by "keep in mind that if it was minted on the Ethereum blockchain, it stays at the Ethereum blockchain." as opposed to what other blockchain system?

[@ovinedelcu6803]

Im thinking of starting on Rarible. what do you think about searching for a "collectors" discord and twitter communities. what would you say is the best way to get attention and traffic directed to my Rarible page once its up from these collector forums/communities/threads etc? do you use #hastags like on instagram etc? or is it a different process in advertising an NFT to collectors? thanks again.

[@3DGladiator]

@@ovinedelcu6803 Most NFTs that are currently minted, are created on the Ethereum blockchain. Other blockchains with smart contract integration and probably lower to none transaction fees will follow.

[@3DGladiator]

@@ovinedelcu6803 Generally speaking, you must build a follower base around your art and you as an artist first. A potential buyer or collector does not only supports you as an artist, he also sees your artwork as an investment that could increase in value in the future. Selling your work while still being unknown is not impossible but very difficult, not only in the NFTs space but on the traditional art market as well.

[@igord.434]

Hello, thanks for video :) i wonder if u anwer please - how long time needed to mint one nft for rarible and how much eth will that cost currently? 🙂 thanks.

[@3DGladiator]

Costs depend on daytime and day of the week. During the morning Central European Time, prices are lower than average. As you are usually not in a hurry when minting NFTs, you can always try to manually set the gas fees lower than proposed. It than takes a while to confirm the transaction though.

[@ayalehaddad9625]

But one think that i don't understand, where are stored the password of metamask ? How Metamask can verified if it's the good password ? Have Metamask a database ? And how they know the number of active users in metamask if they don't store anything ? There is a tag in blockchain for each transaction with metamask if a transaction was done by metamask ? I saw their source code, and i don't see any api extern.

[@gggabriel1998]

at 8:10 what do you mean by the wallets alrady exist? is there a finite # of wallets at any given blockchain. or is the wallet generated one time in the blockchain and exists forever?

[@3DGladiator]

Thanks for your question Gabriel. Yes, theoretically the number of wallets/accounts is finite defined by the amount of 12 words (Metamask) combinations from the BIP39 table. In practice, the max. amount will never be reached. Hashing any combinations of 12 words results in a specific and unique seed, therefore all address already exist. A wallet and the blockchain are not connected. A wallet only contains keys to assets (database entries) stored on the blockchain. By accessing these sets of data with the keys, you prove that you are the owner of the assets. Best, Ben

[@nalipapaiah8384]

Does apenft depositable in metamsk?

[@hr8801]

If your minting a nft and its only one mint per wallet can you make a second account on that wallet and mint a second one? Or do I need to make a whole new wallet?

[@3DGladiator]

You can make as many accounts as you want with one wallet and use them to buy/sell/transfer NFTs. It's not necessary to create separate wallets. Keep in mind that it can become quite chaotic fast if you don't manage all of the accounts accordingly and also keep in mind that you need some ETH transferred to all of them to make a purchase. Thanks for watching. Best, Ben

[@danielsebesta4620]

Hi, if I have 2 accounts of which one is compromised (seed stolen, hacked whatever) is the other one also compromised and can be used? I think no but can you tell me? Thanks

[@3DGladiator]

If you're computer is not compromised, I'd say that your second wallet should be fine.

[@Josiah_Harder]

I would like to know how the transaction goes from your wallet to being included in the blockchain. I understand that currently miners collect these transactions to add but how does my transaction get routed and distributed to every miner?

[@3DGladiator]

I have made another video on what gas fees are and how they work. This should explain a few things. Here is the link: kzbin.info/www/bejne/aIPVk4Cva7h3laM

[@Josiah_Harder]

@@3DGladiator thanks!

[@ayaelghriany2967]

Hey, you said it does not contain actual cryptocurrency or NTFS it contains keys I got this but I dot get what is the difference between any cryptocurrency or NTFS and the ethers I get or even the tokens of any testnet.

[@Rembo_70]

Please can you help me with the issue of watched account in metamask. My problem is that I have 4 NFTs in watched account , but when I open NFT selling sites the NFT are invisible . The sites show only main account which is empty. But I'd like to sell my watched NFTs. How can sell them?

[@rosemarie20]

It would be helpful to know what exactly is a blockchain.

[@christiangelera8972]

Hi, a really newbie here and just started today, my situation is I got phished by some discord bot saying that I need to input my password and seed phrase which I foolishly gave, later I realized that it was a phishing scam. I immediately reinstalled the Metamask extension and it gave me new wallet address and seed phrase, so is my new address and seed phrase safe? it all happened in my laptop. Sorry for my bad english, hoping anyone can answer my question.

[@JohnnyMartinez11]

I bought an NFT and I am so confused where to put it. It has been minted and there's a button that says "Transfer" but idk where to transfer it to.

[@3DGladiator]

Hey Johnny, thanks for your question. After the purchase, the NFT is "transferred" to your wallet (from a technical point of view, it doesn't really move, but you now hold the keys to the item). Most of the time, NFTs don't show up in your wallet. If that's the case, you must add the token manually in Metamask. You can also quickly check what assets your wallet contains when you go to app.zerion.io/ connect with your wallet and then show all assets in the overview section. Let me know if this works.

[@MrMrTovey]

I'm having real problems creating ETH through metamask and their partner Etherscan and Transak. I've paid through transak but can't get it transferred from Etherscan to my metamask wallet. Any suggestions?

[@julianchris3760]

Contact the support at [e-mail] to guide you on each step

[@austinbryan6759]

Title: How to manage nfts Video: KEYS

[@3DGladiator]

Managing keys means managing NFTs.

[@ziyad8284]

❤😂🎉😢😮😅😊thanks

[@lauracanpbell9628]

I bought and minted nft on metamask but I can’t find it anywhere now can you help

[@3DGladiator]

Go to app.zerion.io/ connect your wallet and click on NFT in the left column. It should get displayed there. NFTs do not show up directly in your MetaMask wallet if you don't add the token ID manually. Best, Ben

[@jamesmaring9808]

I must have read 50 articles on wallets but I still don't understand how only entering my password allows me to make exchanges. It seems that someone could steal my password if they hacked my computer when I enter it and how does the password relate to the seed words since I only need my password for exchanges..

[@3DGladiator]

The password you need to unlock Metamask is not connected to the seed phrase in any way. If your computer gets hacked and the hacker gains access to an installed and working Metamask wallet by spying the password you use to unlock Metamask, then he's able to transfer funds from your wallet to another address. This works only for the currently installed version of Metamask. On the other hand, if he gets access to your seed phrase (and he will if he gets access to your wallet), the hacker does not need to access Metamask through your computer anymore. He can install a fresh version of Metamask on his side, set it up with your seed phrase and clear it quietly. Best, Ben

[@felipe.amiranda]

Can you please explain why some wallets do not support some currencies? Does it mean that I’ll need different wallets to holt Different currencies? PLEASE HELP!

[@3DGladiator]

This is simply because not all coins are living in the same network. Metamask interacts mainly with the Ethereum Blockchain (and Binance Smart Chain after some tweaking) for instance. The Poltergeist wallet connects to the Phantasma Chain and the Ronin wallet is required to communicate with the Ronin chain. Sometimes you need different wallets to hold the keys to different coins and tokens. I hope this answers your question. Best, Ben

[@donarancini]

is there another wallet rather than metamask that can hold Surge in and kuma inu?

[@3DGladiator]

Isn't Surge operating on the Binance Smart Chain? If this is the case, I would use the Binance wallet.

[@Toms_thought]

I could have buy the NFTs directly but you need to understand that your wallet isn't receiving at all so the only solution is for you to deposit some amount of tokens in it just to legitimate it and then I can proceed with the transaction successfully

[@matteobarberis1149]

What is the difference between a public key and an address? I thought they were the same thing

[@tudormarian8617]

They are the same thing, it says also in the video.

[@Man-u-flex]

So meta mask is only for etherium coins

[@nathaniel8422]

title says one thing and video is completely about other thing. It never in video shows NFTs simply because Metamask desktop version does not have it (yet).

[@pathofthewarlord6192]

I want to withdraw my coins from metamask and send them to binance. when I type my BNB adress into metamask this shows up - "Network does not support ENS" Please help. I have to sell my coins!!!

[@3DGladiator]

I found this article. Is this the issue you are facing? www.reddit.com/r/Metamask/comments/lnkqmm/transferring_bnb_out_of_metamask/

[@pathofthewarlord6192]

@@3DGladiator Thx I have solved the problem. The bnb on metamsk wallet was "smart chain" not a normal BNB coin. So I sent it to my trust wallet where I changed it into normal BNB. Then I could send it to binance.

[@3DGladiator]

@@pathofthewarlord6192 Glad it worked!

[@justkidding6038]

If I am not an artist ?

[@3DGladiator]

It doesn't matter if you are an artist or not, you still need a basic technical understanding of the blockchain to participate safely.

[@godmodecrypto]

12 word passphrase is garbage it's not good enough. how do I import a 24 word phrase to metamask?

[@3DGladiator]

It's not garbage, believe me. It's secure enough. As far as I know, a 24 words seed phrase is supported, but cannot be created with Metamask. I would look for a different software wallet instead. In the long run, you need to use a hardware wallet to secure your funds anyway.

[@ArtChickTV]

The ending felt abrupt :)

[@3DGladiator]

Thanks for watching the whole thing!

[@leeprofilmz]

wait you didn't say anything about nfts :/

[@3DGladiator]

I did! Even though not explicitly, except at the end of the video. The thing is, it doesn't matter if you deal with simple transactions or NFTs. Everything gets handled pretty much the same way.

[@marvomusic]

And for some reason deposits from Romania aren't accepted. So stupid.

[@3DGladiator]

Have you tried to buy ETH through Wyre?

[@marvomusic]

@@3DGladiator yes, to be more precise the problem is with Wyre, not with Metamask. It's a pity though, I'll have to try another wallets to buy some ETH for the NFT game. Not sure if I can transfer ETH from Crypto.com/Binance/Coinbase to Metamask, I'm still quite new to this :)

[@3DGladiator]

Yes, you can transfer ETH from all of these exchanges to any software wallet of your choice. I would consider opening an account on Bitpanda. They are European based (Vienna, Austria) and accept Romanian customers. (support.bitpanda.com/hc/en-us/articles/360013898239-Accepted-countries-of-residence-for-the-verification)

[@3DGladiator]

I've just visited your channel and saw that you are in the music business. Take a look at audius.org/ and audius.co/ This could be something for you.

[@marvomusic]

3D Gladiator thank you for your replies, man 🙏🏻 kindly appreciated. Also, I’m already on Audius 😁

[@gabrielreyes3189]

Will u buy my NFT

[@3DGladiator]

No, I don't think so 😁

[@valerieapollo3078]

hello guys i need some help on how to recover lost cryptos in my metamask wallt

[@3DGladiator]

If you gave away or lost your seed phrase, there is nothing to restore. Your tokens are gone. If you forgot the password to open Metamask, simply install it again, insert your seed phrase and set a new password. If your seed phrase is correct but the wallet doesn't show any funds, go to the bottom of the Metamask window, click on Add Token and search for the one you had in your wallet. After adding it, your funds should show up. If this still does not help, click on the round icon in the right-hand upper corner of the dialog box and select "create new account", then repeat the previous step. REMINDER: Do NEVER EVER give away or share your seed phrase ever!! Do not enter your seed phrase somewhere else except a fresh installation of Metamask and make sure to get Metamask from the official website. If you lose or share your seed phrase, your money is gone and cannot be restored by anyone.

[@jameslindley3384]

Never ever use Metamask. Why? Check Ethereum price you going to pay more than suppose to swap or send. Metamask charge you with insane amount of Ethereum gas fee.

[@3DGladiator]

Thanks for your comment. Every transaction or execution of a smart contract costs an insane amount right now. This has nothing to do with the wallet you use. Check my other video on gas fees for more information.

[@jameslindley3384]

@@3DGladiator It's the exchange platform responsibility to adjust the price when Ethereum price is high they must decease their fees as well accordingly in the platform. Btw, why they make so damn difficult to deposit money through our credit card? Their payment service also sucks, they provide only one and they need you to send your passport, your photo with passport, your address, and every detail, it's a pain with all these procedures, instead they could have done in few steps and much secure. Like paypal or amazon .. why not like them. This is Robbery but kind of painted some legality.

[@TimDownsAnimation]

Or you could just sell commissions. Then you don't go through all this rigmarole while profiting from miners who make a living consuming more electricity than most small countries do in a year. Also your copyrights will be more easily protected and enforced as opposed to risking opportunity cost from some jerk minting a screenshot of your work. Just remember to advertise your work with a large centered watermark. If NFTs are the only way to profit from your art, then your art isn't worth that much. Do better than this.

[@Kumachanchan]

This says NOTHING about how to transfer an NFT to Metamask.

[@3DGladiator]

When you mint an NFT, your wallet is already connect to the service you use for tokenization. As soon as the process is complete, you hold the keys to the NFT in the blockchain. You don't have to transfer anything. Sometimes, the NFT itself doesn't show up in the wallet. If that's the case, you can add the token manually. When you connect to a marketplace like OpenSea, you should see all ERC721 tokens you own. Furthermore, you can always check you address on Etherscan.io and see what ERC721 it contains. Hope this helps. Best, Ben

[@wagginwagonwendy1493]

@@3DGladiator Thanks! I'm new to NFTs and your videos are really helpful.