The Bankless Guide to Ledger

"Not your keys, not your crypto" is a tried and true mantra in this space. Every crypto market cycle, thousands of investors learn this the hard way when they relegate custody of their tokens to centralized entities like FTX.

Even when you own your unique private keys, you still need to take steps to secure them by keeping them wholly unexposed to the internet and by not signing malicious approval contracts.

This is why hardware wallets are a worthy investment. Hardware wallets are physical devices designed to securely store the private keys of cryptocurrencies off of the internet, protecting them from potential hacks and malware.