![]() And why Fantom forged partnership with Ledger which supports FTM token so you can connect to it’s platform and DApps directly.Ģ. It’s also the reason why good software wallets like MetaMask provides the hardware wallet integration for it’s users. Some use special bare steel metal cases which are waterproof, fireproof even if your house burns down knowing that it is the most important thing in order to keep your cryptocurrency safe. On the other hand the hardware wallets show your recovery phrase on the physical device itself that’s why they are also called the cold storage and protect the private key inside the safe chip where the transactions are signed internally using your private key which is never exposed and manually by you. Software wallets show it to you on a device and it’s the piece of information that can be snitched like all other information from your device anytime by the hackers. Private key proves your ownership over the the wallet and cryptocurrency on the blockchain where it is stored and is your digital signature for the transactions while the public key creates public addresses. This is the difference between software and hardware wallets. Online Course For Beginners: Crypto Fundamentals 1 Binance Academy Scheduled for 2/23/23, 10:00 AM Join Binance Academy's online course for beginners. If anyone get in posses over it you lose all your cryptocurrency. Write down the recovery phrase, which is a form of your private key and you keep it in the safe place in order to recover the wallet if needed. By Avyan 4m Created 1yr ago, last updated 8mo ago Here is a step-by-step guide by CoinMarketCap Alexandria on how to connect MetaMask to Binance Smart Chain (BSC).
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