We’ve seen lots of exploits & hacks recently
It’s time to get a hardware wallet.
Here’s everything you need to know to get it set up
(Small thread)
Broadly, there are 2 types of wallets:
1. Hot Wallet - Metamask
2. Cold Wallet - Trezor & Ledger
Hot wallets like Metamask are connected to the internet
They’re easy to use - You can access them from your phone or laptop.
But, there’s a big problem.
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The problem with Hot Wallets
Because hot wallets are always connected to the internet, they are vulnerable.
It’s easy for scammers to exploit them. 1 wrong click & you could lose everything
You NEED a cold wallet
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Cold Wallets
Cold wallets typically resemble a USB stick.
They’re isolated and make it MUCH harder to steal your funds.
They’re not as convenient & cost $80-200. But they’re essential if you want to survive.
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Popular Cold Wallets
The most popular cold wallets are made by Ledger & Trezor
Here are some cold wallets varying in price:
• Trezor Model T - $250
• Ledger Nano X - $150
• Trezor One - $85
• Ledger Nano S - $80
You can buy one on Amazon or directly with Trezor/Ledger
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Links to Buy:
shop.ledger.com/
trezor.io/#comparison
Or just search on Amazon
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Verify Authenticity
Before you get started, make sure it isn’t a counterfeit
Different companies have different ways of showcasing authenticity.
Look at the authenticity checklist for your device.
blog.trezor.io/psa-non-genuine-trezor-devices-979b64e359a7
support.ledger.com/hc/en-us/articles/4404389367057-Check-if-the-device-is-genuine-?support=true
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Setting it up
Hardware wallets have step by step guides to help you set up your device based on the model
youtube.com/watch?v=bqmyNmjMmME&t=18s
wiki.trezor.io/Setting_up_Trezor_One
It doesn’t take long & it’lll keep you safe.
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It's a necessary investment & it's easy
There are a LOT of resources to help you set up your hardware wallet.
It doesn’t take long & it’ll keep you safe.
With so many exploits going on, it’s an essential investment.
Nothing sucks more than losing money due to negligence
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Other Safety Practices:
• Don’t reuse passwords
• Enable 2FA
• Uninstall extensions
• Revoke approvals revoke.cash/
Here's a good thread on safety practices by @bobbyong
twitter.com/bobbyong/status/1403881080902471680
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That's it, thanks for reading, I hope this helps.
Don't be lazy go get one rn.
Give this a RT so it can reach more people!
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