Overview of Setting Up a Browser Extension Wallet

What Is a Browser Extension Wallet?
A Browser Extension wallet is a software or hot wallet that is hosted by your web browser on your laptop or desktop computer.
Some browser extension wallets, such as Metamask, can act as a bridge between different wallet networks.
The security of a browser extension wallet is only as strong as the following:
1) The password that you create to access the wallet.
2) The storage and care of the Mnemonic Backup Phrase for the wallet.
3) The security of the laptop or desktop computer's installed anti-virus, anti-spyware and anti-malware software.
If you use the browser extension wallet in a naked or default fashion, the Private Keys for the wallet will reside on your computer, in an encrypted format.
This may expose the private keys to hacking attempts on your computer.
A browser extension wallet that is protected by a hardware device, will not be exposed to hacking attempts on the computer, since the Private Keys will reside on the hardware device itself.
Steps to Create a Browser Extension Wallet
1) Download the browser extension from the official download website.
2) If at all possible, disconnect from the internet prior to revealing the mnemonic backup phrase.
3) Record the mnemonic backup phrase, in ALL CAPS, onto a card or sheet of paper.
4) It is recommended to restore the wallet from the mnemonic backup phrase, prior to depositing any coins, to ensure that the backup phrase recovers the same wallet.