How do you keep your NFTs safe? How To Protect Your NFTs — Can Someone Steal Your NFT? — How Do You Secure NFTs? — Why Store NFTs?

Hello, and welcome to the lesson.

In this lesson I want to explain how you can protect your NFTs

In a previous lesson we talked about MetaMask.

MetaMask is a digital wallet (also called Hot Storage) that is connected to the Internet, and this wallet lets us store our cryptocurrency.

When we first open our MetaMask account we are given a private key that we shouldn’t share with anyone. The reason for that is that anyone who holds that key has access to our account, and thus can move the digital assets out of it to his / her account.

Now, because the MetaMask wallet is an extension that sits on our Internet browsers it means that it is a software like any other software that we have on your computers.

Which means that in the same way that hackers have their ways to hack different softwares on our computers from far away, they can also hack our MetaMask wallet, gain access to our MetaMask account, and steal our private key (which again grants access to our digital assets — such as Ethereum and bitcoin) and to our NFTs.

Saying this, it is very rare that something like that will ever happen to you, but it is important that you know this is a possibility — again an extremely rare possibility.

So, if you do reach a point (maybe because you started making a lot of money with NFTs) that you want to add a layer of protection to your NFTs business, then I would recommend that you purchase a hardware wallet.

As I said, a digital wallet is called hot storage, yet a hardware wallet is called cold storage.

There are two popular hardware wallets that are sold on the market today, one is called Trezor and the other is called Ledger.

Both hardware wallets can connect to your digital MetaMask wallet, and in that way you can transfer your digital assets to them.

Now, If you do decide to buy a hardware wallet, then here are two points to keep in mind.

Number 1 — make sure that you buy the hardware wallet directly from the official website of the hardware wallet company, just to be extra sure that you are not buying a hardware wallet that was tampered with.

Number 2 — Contact the company before you make the purchase just to make sure that the hardware wallet that the company is currently offering still supports NFTs.

Ok, so that’s it for this lesson, and I will see you in the next lesson…goodbye.

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