How to use MetaMask with a Ledger wallet?

Want to add a layer of security to your MetaMask wallet to better protect your cryptocurrencies? This is now possible by pairing it with a physical Ledger wallet. This guide explains all the steps to follow.

The importance of protecting your cryptocurrencies as much as possible

In the cryptocurrency ecosystem, the use of a physical wallet is increasingly becoming the norm for protect your funds. As you know, a physical wallet stores your data disconnected and create an environment completely impervious to attack. Also, you have unique and direct access to your private keysyou are the sole owner of your cryptocurrencies.

However, wallets in the form of a browser extension remain very popular with users due to their practicality and their increasing compatibility to all decentralized finance platforms.

What if it was possible to combine the ergonomics of a wallet like MetaMask And the security of a physical wallet like Ledger ? This is what we will see in this complete guide.

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Why combine a Ledger wallet with MetaMask?

From the beginning of 2022, it is possible to add a layer of security to your MetaMask account using your Ledger wallet.

No matter how much cryptocurrencies you own, the course of events (Terra and FTX for example) proves that using a Ledger becomes essential.

In fact, just using MetaMask does a lot risks. Its biggest weakness is that it is connected to the internet and so that your private key is exposed to any kind of external threat.

Some malware can steal your private keys with a baffling simplicity as recently demonstrated by the $150 Mars Stealer malware on the darknet. This highlights the negligible security of application portfolios.

This is why pairing a Ledger wallet with MetaMask is one of the most popular options so far. adapted to protect your cryptocurrencies. Note the level of security provided by a Ledger wallet it does not exempt you from keeping your recovery phrase hidden.

This binding offers you authentication U2F (security key authentication) which is even more powerful than the famous 2FA (2 factor authentication via email or phone number).

You will therefore have to connect your Ledger to your computer via USB every time you want to confirm one or more transactions made on MetaMask.

This simple extra step gives you a very important degree of security against hackers, because even if they take control of your MetaMask, they won’t be able to do anything about it, because they won’t have your Ledger in possession.

Finally, this combination gives you access to the file wealth of possibilities decentralized applications (DeFi) which until now were quite limited using only a Ledger.

πŸ‘‰ Check out our Ledger Nano X wallet tutorial

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Complete guide to connect a Ledger wallet to MetaMask

First, make sure your Ledger wallet is up to date, in which case you will need to log into the Ledger Live application to get the latest update.

Once this is done, access your MetaMask wallet and connect your Ledger key to your computer via USB.

MetaMask login

Then click “Connect a hardware wallet”.

Connect a hardware wallet

For MetaMask to detect your ledger, unlock it with your PIN. Finally, select “Ledger”.

Connect Ledger MetaMask

MetaMask offers you to choose the Ledger account you want to connect to. Choose your preferred account and validate (or create one on the Ledger Live app).

For everything to work correctly, go to the “Settings” menu of the chosen blockchain (e.g. Binance Smart Chain) and activate the “Blind signature” option. You can find the risks associated with this feature in the FAQ of this article.

Finally, click on your MetaMask account logo and then on “Settings”. Then click on “Advanced settings” and activate the “WebHID” option.

Congratulations, your funds are now safe from any external threat thanks to Ledger and MetaMask.

The French unicorn of crypto wallets πŸ”’

A complete crypto experience, from purchase to protection

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FAQ – Frequently asked questions about the combination of Ledger and MetaMask

What is blind signature?

With the generalization of cryptocurrencies, users interact with ever more sophisticated smart contracts. Fraudsters take advantage of this to find new vulnerabilities. Blind signing is one of the MetaMask risks.

Indeed, when you sign a transaction on MetaMask, you have almost no visibility into the information related to it. And even if you’ll have access to it, there’s no evidence that your computer isn’t harmed since it’s connected to the Internet. By confirming your transaction you are therefore providing a β€œblind signature”.

You need to be aware of this little-known risk when using an application wallet.

What are the risks with a ledger portfolio?

Since scammers cannot withdraw your cryptocurrencies from your registry, they will try to exploit another loophole, you.

To protect yourself, keep your recovery phrase in a safe place. Beware of phishing emails from people claiming to be part of a cryptocurrency ecosystem entity or on social media to be official support.

In short, never share your PIN code or your 24 words and be wary of too tempting offers.

Is it possible to bet cryptocurrencies on Ledger?

The easiest and safest way to stake your cryptocurrencies is to use a physical wallet like Ledger. In fact, centralized platforms mostly charge fees which reduce the staking reward you will receive in your wallet.

Furthermore, these platforms do not allow you to choose the validator to delegate the funds to.

Physical wallets give you complete freedom and control over your crypto-assets, your rewards and the choice to delegate your funds to a particular validator. With a Ledger wallet and the app Live ledger you can stake a multitude of cryptocurrencies and generate income passively.

πŸ‘‰ 7 best practices to protect your cryptocurrency wallet from a hack

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