Self-Custody If you truly want to hold your own assets, and by now you should want to, then you need a hot or a cold (hardware) wallet. Hardware wallets are offline devices that allow you to hold your private keys away from your computer, meaning that no transactions can be performed unless you ‘sign’ it with your hardware wallet. This approach protects you from various attack vectors like viruses, theft of your computer, and malicious actors with access to your computer. Hardware wallets, like Ledger and Trezor, are not perfect, but to date, they are the most secure form of storing cryptocurrency. Hot (software) wallet is when all data is stored on a computer and access to the wallet is not protected by a second layer, as in the case of hardware wallets. Such a hot wallet is the Chrome extension Metamask which can be installed and set up easily. If you want to remove your crypto from exchanges, here is how you do it with Metamask. Download Metamask: Open the Chrome or Brave browser and search for Metamask Extension and install it. Follow the instructions and take note of your seed phrase which provides access to your wallet. Never share it and never store it online. In the settings select “Networks” and add the networks you will use manually. Here are some helpful links: BNB Chain, Fantom Network, Polygon, Avalanche Withdraw your funds from the centralized exchange (CEX) to your Metamask hot wallet.
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