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If you are using MetaMask "hot wallet" while interacting with decentralized apps like UniSwap, and PancakeSwap on different blockchains, your crypto tokens are at risk.

If you have a significant amount of money in crypto, especially 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 walletlike 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.

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Related Videos:

Using PancakeSwap with Ledger:
   • How To Use PancakeSwap With Ledger (H...  

Using Mirror with Ledger (Terra Luna):
   • How To Use Mirror Protocol With Ledge...  

Your DEFI Funds Are At Risk:
   • DEFI Hacks in 2022  How To Protect Y...  
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Time Stamps:
00:00 Intro
01:05 Why We Have To Use Firefox Browser
01:30 Download Ledger Live App
01:55 Install Ethereum App On Ledger
03:15 Connecting Ledger To MetaMask
04:45 Sending Transaction Using Metamask And Ledger
06:00 Outro And Summary
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⚠⚠⚠ #MetaMask #Extension #Ledger #HardwareWallet #Metamask #DEFI #Protect #Crypto ⚠⚠⚠
The content in any of Johnny's Youtube videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other & may be outdated or inaccurate; it is your responsibility to verify all information.
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
I am just sharing my knowledge and my findings.
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Music By Yoad Ronen:
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Until next time,
Johnny Time