If you have a Ledger wallet, you’ve likely wondered how on earth it works. While crypto can seem daunting at times, there are a few key elements to how Ledger wallets work and how they carry out transactions. It’s no secret that Ledger wallets are built for security, but ensuring crypto transactions are secure is not as simple as you might think. But how do Ledger wallets work exactly and why are they so secure? Let’s dive in. If you’re unfamiliar with crypto wallets in general, make sure to read the full article on how crypto wallets w ...
In this comprehensive guide, we’ll explore the ins and outs of creating Ethereum wallets. Now, you probably already know what an Ethereum wallet is, but do you know how to create one? If you want to know how to set one up, we’ve got you covered. Creating an Ethereum wallet is a straightforward yet crucial step for anyone engaging with the Ethereum blockchain. The process begins with selecting a wallet type that aligns with your needs. Whichever wallet you choose will, generally, be able to generate a key pair. The private key allows you to ...
With its orange fox logo, MetaMask is one of the most popular crypto wallets today, and certainly the most famous hot wallet so far. However, to use MetaMask securely, it’s good practice to use it in combination with a hardware wallet such as a Ledger device. But before we get there, let’s dive into the basics. In fact, what is MetaMask all about? · MetaMask is a non-custodial software crypto wallet that operates cross-chain. To explain what that means, let’s break that down. So firstly, MetaMask is non-custodial: it allows you to contro ...
Crypto users can store their digital assets at a unique blockchain address, and retain absolute control over it via the corresponding cryptographic private key. This private key is secured by something known as a crypto wallet. If we’ve lost you already, make sure you read the full article on what a crypto wallet is. But essentially, a crypto wallet stores the public and private keys for your blockchain addresses, allowing you to access crypto, monitor your balance, and transact on the blockchain. These crypto wallets can also store the priva ...
Never take a picture of your Recovery sheet Your smartphone is not safe and, worse, it could get automatically uploaded to your cloud storage; Never enter your recovery phrase on any computer or smartphone You could have keyloggers, and storing this information online (even encrypted) completely defeats the purpose of using a hardware wallet; Never show or share your 24 words to anyone If you do decide to share, be fully aware that they have potential access to all your crypto assets, anytime, and without an easy way of revoking access; ...
You open Ledger Live and see a new NFT in your Polygon account. Excited, you click on the NFT and see a message. “Congratulations! You’ve won 1000ETH. Just go to definitely-not-a-scam-nft-site.com and collect your reward.” · You connect your wallet and are prompted to claim the airdrop. Eagerly you plug in your Nano, accept the transaction in Metamask, blind sign the transaction on your device, and return to Ledger Live to check your balances. To your surprise, there’s no stETH, and what’s more, your token balances are gone! That’s ...
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Created in 2008 by Satoshi Nakamoto, Bitcoin (BTC), is the first and most popular crypto asset. It changed the entire financial market: offering peer-to-peer, cross-border payments for a fraction of the cost and double the speed of traditional financial institutions. With its impressive history, BTC is often the first digital asset most people buy. But of course, buying Bitcoin is just the beginning. Once you’ve got a secure place to store your newly bought funds, you may be wondering how to transfer it to another wallet. If that’s why you ...
If you’re here, you probably want to know how to send, receive, and store Bitcoin safely. Perhaps you’ve never encountered crypto wallets before. Or maybe you’re just looking for a more robust and secure way to store your BTC. Either way, to execute any kind of function and manage Bitcoin yourself, you’ll need a Bitcoin wallet. But setting up a Bitcoin wallet isn’t as simple as it seems. There are countless methods and types of Bitcoin wallets, and each has its own process. Let’s explore what you need to know. ...
Generally, there are three types of non-custodial wallets ; Software Non-Custodial Wallets: These wallets are software applications that you can access through a web portal, computer, or mobile device. Software wallets store your private keys within an interface that is always connected to the internet. This makes these wallets easy to access – but also means the private keys that store will always be online, and vulnerable to digital hacks. Examples of software non-custodial wallets include Metamask and Trust Wallet. ...