Hey guys!
I've made an easy video tutorial of how to connect your metamask wallet to a ledger device (Hardware Wallet):
https://www.youtube.com/watch?v=LjmzrvADas0
If you are using MetaMask "hot wallet" while interacting with decentralized apps like UniSwap, PancakeSwap on different blockchains, your crypto tokens are at risk.
If you have a significant amount of money in crypto, epsecially if it's staked on DEFI apps and you are using Metamask Extension, you HAVE to watch this video in order to learn how to use decentralized apps with a hardware wallet (Ledger device).
Once the hacker has your private key he can steal all your funds (all the different blockchains). If you use a metamask extension wallet to swap tokens or maybe provide liquidity the hacker can remove the liquidity and steal all the tokens, the same applied to NFTs.
We will understand how hackers operate and how we can level up our security in order to avoid such incidents.
The solution is using a hardware wallet (Ledger device for example) when you interact with DEFI apps and smart contracts.
By using a hardware wallet-like ledger device you are making the hacker's life much harder since the private key doesn't exist in the computer itself but is stored in a secured way in the ledger operating system memory.
We will learn how to connect your ledger to the Metamask Extension and sign the transaction on the ledger itself.
The transaction will be signed on the ledger and will be sent to the decentralized apps and smart contracts by the RPC nodes that are configured in the MetaMask Extension.
The metamask extension is not aware of the private key, and the private key never "touches" the computer memory, but is living in a secured and encrypted way inside the Ledger device.
Let me know what you think about the tutorial :)
Johnny.
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