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Hardware wallet 101 for NFT collectors

We all hear about scam, stolen ETH or NFT, ... It's very important to take care of it. You'll be able to find a lot of posts about that. But here are some simple rules to start:

Why use an hardware wallet

It's never a good idea to use/save your seed on your computer or mobile phone. There are plenty of simple ways to steal it (phishing, malware scanning your hard drive, keylogger, screensharing...). Each time you display/type/load it on a digital device, you take a risk.

For this, there is an effective and more secure solution: use a hardware wallet. They allow you not to reveal your seed/private key on your computer anymore, the information remains on the device, which increases the wallet protection considerably. It looks like a USB key protected by a password. It's easy to use and very effective. It's a must-have solution from our point of view.

Configure a secure hardware wallet like Ledger

Ledger wallets are known to be safe and easy to use. This is what we use on a daily basis. We recommend for example the Ledger Nano X model which you can also use from your phone and will allow you to use several cryptocurrencies.

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You can migrate your Temple or Kukai wallet to your Ledger Nano X but we recommend creating a new seed and a new wallet in order to start on a 100% safe basis. The seed of your old wallet may have already been stolen.

To configure your hardware wallet:

Personally, I wrote my seed on a Cryptotag Zeus, burnt the paper version then put the Cryptotag in a bank vault.

Crytotag Zeus

Tip 1: Before transferring your cryptos to this new wallet, reset it from the seed you wrote down to make sure you didn't make a mistake when copying it.

Tip 2: you can use the new soft wallet account as a current account to buy more easily but don't use it to save precious NFT, receive royalties... please transfer frequently all the precious things on you safe hard wallet.

Here we go! You're safer now 🎉

In a few days, we'll published the next part of this blog post to talk about how to secure royalties in the special case, but very common, you started to receive royalties in a software wallet like Temple ou Kukai.
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Here are 2 ressources to know more about security best practices:

Security Checklist
Staying safe on the internet.
GitHub - Lissy93/personal-security-checklist: 🔒 A curated checklist of 300+ tips for protecting digital security and privacy in 2022
🔒 A curated checklist of 300+ tips for protecting digital security and privacy in 2022 - GitHub - Lissy93/personal-security-checklist: 🔒 A curated checklist of 300+ tips for protecting digital secu...

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