What is Metamask and why do I need it to access your exchange?
MetaMask is a browser plugin that allows users to make Ethereum transactions through regular websites. Metamask is essentially the bridge between websites/apps and the Ethereum blockchain.
To access our website you will need to install the Metamask plugin and here are the easy steps to do so:
Step 1: If you do not have the Metamask Google Chrome plugin, please visit https://metamask.io/ , click on Download now, then click on Install Metamask for Chrome, then Add to Chrome and Add extension.
Step 2: At this point you should see the Get Stared button. Click on it.
You will now be prompted to Create Password. You should create a memorable password and write it down on paper. You will need this same paper in the next step for your seed phrase.
Step 3: Generating Seed Phrase and Verifying It
When you click on create in the prior step, you will be brought to the seed phrase page.
You have two choices here: 1) you can click on the Reveal Seed box on the left above and write down the seed on the same paper where you wrote password or, 2) click on the blue writing Download this Secret Backup Phrase which will create a .txt file which you can save to a USB drive.
If using Metamask on the Ethereum Mainnet you would not want to let anyone know what your password or seed phrase is. I would not store it on your Desktop or in My Documents either. This would allow someone to steal the tokens in your Metamask wallet. For our demo here, we are using Kovan testnet Ethereum, so I'm not as concerned about someone stealing my tokens.
Verify Seed Pharse
To complete verification, you need to click on the seed phrase boxes in white at the top of the page in the precise order of the seed phrase that you wrote down or got in the .txt file. once this is done, click Confirm.
Setup is pretty much done. The wallet should look like the page below:
Step 4: Funding Your Wallet with Kovan Test ETH
In a new browser window, navigate to https://faucet.kovan.network/ if you have a Github account. If you do not have a Github account, email me at [email protected] and we can send you some Kovan testnet ETH to get you started.
Copy your Kovan address such as in the diagram below:
Then paste it into the box such as the following diagram:
Click on the Metamask icon in the Chrome toolbar on the top right to see your new balance:
Last step: In a new browser window, navigate to https://www.mckurz-dex.com/.
This will fail since the connection must be permitted by Metamask, so open Metamask by clicking on the fox icon on Chrome toolbar, then click on the funny-colored "hamburger" and click on Settings at the bottom of the menu:
Click on Connections:
The field in connects should populate www.mckurz-dex.com, the click Connect.
We are done yeah!!! Sorry for so many steps. Let's make a trade!
Making a Trade
Congratulations on setting up your Ethereum Metamask crypto wallet and funding it with test tokens. Now its time for some action! Go back to https://www.mckurz-dex.com/
Transfer KETH from your Metamask wallet by using the deposit function on the exchange such as below:
Wait one minute, then refresh page.
Make your trade
Click on an order in the Order Book. For this example I will click on 1 0.213 0213 where tokens are for sale and Metamask will pop up to confirm the trade.
Click Confirm and wait a minute for the trade to confirm on the blockchain.
Your trade now shows up as a completed transaction and your wallet is updated.