Tutorial: Safeguarding on Solana
In light of the recent Solana hack, you might be looking for ways to up the security of your crypto. Learn how to safeguard on Solana.
Mobile and browser-based Solana wallets like Phantom are hot wallets, meaning that they’re connected to the internet. On the other hand, cold/hardware wallets like Ledger are devices used to securely store private keys offline.
We cover crypto storage in more click detail here, but the main point to note is that while hot wallets are easier to use, they’re more vulnerable to attacks and theft.
However, connecting a hardware wallet is a great way of adding extra security to your hot wallet account.
This tutorial will show you how to connect a Ledger device to your Phantom account.
Tutorial
First things first, you will need to purchase and set up your Ledger device and Ledger Live App, which we go through step-by-step in our beginner’s tutorial.
Installing the Solana app
In order to connect your Solana-based wallet with Ledger, you’ll need to install the SOL app onto your Ledger device.You can do this by searching for the app in the Ledger app catalogue and then clicking ‘install’. Your device will then begin to download the app.
Before connecting with Phantom, you must enable ‘blind signing’ on your Ledger (you can do this through the settings function in the Solana app on the device).
Connecting your Ledger device to Phantom
Start off by plugging in your device into your computer and opening up the Phantom wallet app in your browser.After this, open the Solana app on your Ledger device.
In the Phantom wallet, open up the account menu and click ‘add/connect wallet’.
Next, press the ‘connect hardware wallet’ option.
You will then find yourself in a Ledger connection flow. Simply follow the steps in your screen until you are given the opportunity to select a USB device to connect to. Once you get to this step, choose your Ledger device and click ‘connect’.
The final step is to select an address that you would like to use with Phantom. After this, you should be able to interact with Solana-based functions and assets through your Ledger device.
The next time you use your Phantom account to make a transaction, it will have to be approved in your Ledger. This essentially means that you have the added security of a cold wallet in your hot wallet. It is always best to know how to safeguard on Solana.
Disclaimer: THIS IS NOT FINANCIAL OR INVESTMENT ADVICE. Only you are responsible for any capital-related decisions you make, and only you are accountable for the results.
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