Metamask is not enough.
You need a cold wallet to keep your money safe.
A hot wallet creates and stores your private key online.
And a cold wallet keeps it offline, like a USB stick.
A paper that records your private key can be a kind of cold wallet!
But we are talking about hardware wallets here.
Wallet and Hardware devices are the keys to your funds.
So if your cold wallets get lost, you still have access to your money with seed phrases.
A hardware wallet guarantees security.
Your keys are not exposed to the internet.
With cold wallets, you are much less likely to fall victim to a hack or other type of attack.
Most hot wallets will allow you to connect with a hardware.
Cold wallets level up the security when using DeFi.
You CAN lose it.
Once you lose your cold wallet, you lose access to your funds.
And if you don’t have your seed phrase either, it’s gone.
Only buy them from real manufacturers. not from eBay or Amazon.
Make sure the website address is correct and has SSL (secure sockets layer).
(P.S. websites with SSL start with “https” instead of “http”.)
Pros: affordable price (US$59); you can store 27 coins and more than 1500 tokens with it.
Cons: only install 3-5 apps on the device.
🚨Ledger suffered a data breach in mid-2020.
pros: affordable price (US$119); easy to setup; support 10,000+ tokens; 100% air-gapped (high-level security)
cons: No Metamask integration; poor-quality touchscreen
pros: affordable price (US$49); you can install 40+ apps on it.
cons: lacks connections to many web3 wallets like Metamask.
pros: big screens; user-friendly You can install 500+ apps on it.
cons: expensive (US$189); no mobile support for iOS, Windows systems and Chrome OS.
pros: Affordable price (US$49); easy to set up; good for mobile users; support 20 blockchains and 1000+ tokens.
cons: slow; no Metamask integration; poor-quality camera
pros: Specially designed for security; ease of use; You can install 500+ apps on it;
cons: VERY expensive (US$249)
pros: big screens; Bluetooth connectivity; support 1800+ cryptocurrencies; You can install 100+apps;
cons: expensive (US$149)
Get a cold wallet to protect your funds!