I would bet a fortune that you would burn a lot of cash to keep highly valued assets with prospects to grow in value over time safe and secure. You must not just store them but store them in very secure locations. This should spark your curiosity and bring back the subject of discussion – ‘Where Should I Store my NFTs?’
Regarding NFTs, they can cost quite a little or cost a large chunk of funds, whichever way they hold lots of incremental value. Guaranteeing the NFTs are kept in a protected area is significant, particularly assuming you anticipate holding your NFTs as collectibles and investments. Things being what they are, the place where would it be advisable for you to keep your NFTs?
NFTs ought to be put away in a safe area, for example, your product crypto-wallet, which is, for the most part, safeguarded by your 12-word key phrases, a secret key, and contact verification. For the best security, consider putting away your NFTs in a hardware storage wallet.
Read also: Upcoming NFTs with Passive Income in 2022
Options For NFT Storage
1. Software Wallets (Metamask)
A product wallet, such as Metamask, is viewed as standard security for your NFTs. All that you do is encoded on the program and got by your secret key and 12-word seed phrase. In any case, these types of wallets are being hacked and can be hacked subsequently.
Consider putting away your NFTs for an exceptionally brief timeframe while utilizing a software wallet. Except if you anticipate exchanging or selling your NFTs soon, pick a safer stockpiling choice.
2. Cold Storage Hardware Wallet (Ledger)
The key takeaway is that a hardware wallet is the safest option for storing your NFTs due to your digital assets being stored offline, meaning your cold storage hardware wallet is almost un-hackable.
You can likewise involve hardware wallets as hot wallets-wallets, which are associated with the web through the mobile device connection. These hot wallets are as yet secure when associated with the internet, which permits you to execute without the feeling of dread toward being hacked or getting a virus.
Keeping away your NFTs on a physical wallet is the most trusted option for storage. Hardware wallets offer the most security since every one of your information is put away totally disconnected and safeguarded by a gadget secret key. These wallets, for the most part, can restore gadget content if it is lost or stolen too.
The key focus point is that a hardware wallet is the most reliable choice for putting away your NFTs because of your computerized resources being offline, meaning your hardware wallet is close to being un-hackable.
3. Inter-Planetary File System (Pinata)
An Inter-Planetary File system like Pinata stores your NFTs off-chain, which can diminish the probability of being hacked. Likewise, an Inter-planetary File system is more secure on account of its substance identifiers (CIDs), which represent hashes of information associated directly to your NFT’s element, against an HTTP interface that has the vulnerability of being altered and hacked.
These hashes of information are put away on your PC. Along these lines, when you demand information from an IPFS the system seeks its nodes for the equivalent hash of information and afterward confirms that information is right by reiterating on the recipient’s PC.
On the off chance that a CID hash is at any point created by a hacker node, you will be advised on your end of the misleading information. The additional advantages of an IPFS make for a safer stockpiling choice for your NFTs in any case, you have the capability of being hacked through your PC.
If you have intentions of storing your NFTs for an extended period of time, consider investing in a cold storage hardware wallet such as Ledger.
How Do I Store My NFT to Ledger Nano X?
For NFTs to be stored on the Ledger Nano X hardware wallet, users must have successfully set up the Ledger wallet to receive and Metamask account. The following are necessary tools needed to complete the transfer successfully in no particular order.
- The Ledger Nano X – Hardware wallet.
- A Metamask Account via mobile download or the web browser as an extension.
- Ledger Live App (Either mobile or desktop application)
- USB Connector
- A substantial amount of Ethereum (ETH) to pay the transaction fees.
After complete setup of these items and setting in order, the next few lines are brief step-by-step ways of moving NFTs to Ledger Nano X.
1. Link your Ledger device to Ledger Live.
To start with, connect your Ledger wallet to Ledger Live. Once you have connected, confirm your device and Ledger Live are updated.
After verifying your updates, go to the Receive tab in the Ledger Live Menu.
2. Go to the Receive tab in Ledger Live.
After you hit Receive, you will need to select the account you wish to send your NFT to. Select the account to send to. Whenever you have verified the correct account, proceed to your wallet address.
3. Affirm and duplicate your Ledger public wallet address.
The address shown afterward is your public wallet address. This address is put away on the blockchain, and it’s how you will get digital currency and NFTs to your hardware wallet.
You will need to verify that the address displayed on Ledger Live is the address shown on your Ledger gadget. Assuming both addresses match, confirm it on your device. Now you are ready to send your NFTs to your super-secure hardware wallet.
4. Send your preferred NFTs to your Ledger wallet address.
Dependent on where your NFTs are stored, you will need to go to the specific token you are attempting to send. You can send NFTs from your product wallet like Metamask and even from commercial centers, for example, Rarible and OpenSea where your tokens are available.
You are expected to pay any related blockchain exchange expenses while moving NFTs to your hardware wallet. Consequently, you should have sufficient currency in the wallet that is sending your token. By and large, you would not require any currency in the receiving wallet assuming that no exchanges are being carried out from the receiving wallet.
How Do I Transfer OpenSea NFT to My Ledger?
With an assumption that Ledger Live has been set up, the Ledger wallet has to be connected to your PC, and everything seems fine to start the transaction.
The following brief step-by-step process should guide you into setting up:
Stage 1: Connect Hardware Wallet to Metamask Account (same as seen in the previous paragraph). Firstly, you need to connect Metamask to Ledger. Then go back to Metamask, select “connect a hardware wallet,” and choose “Ledger.”
Stage 2: Visit the OpenSea Website. On the top right corner of the screen, you will see a little icon. Click the icon and proceed with the subsequent step.
Stage 3: Click on “Connect,” and a list with options will appear. There, Click on Metamask. Then, the Metamask window will pop up. Store NFTs on Your Ledger MetaMask Account.
Click on “Ledger”, and when your Ledger MetaMask account opens on OpenSea, your NFT assets will automatically transfer to Ledger.
Following these processes, you should have successfully added NFTs to your ledger account.
It is sufficient to state that the questions; ‘WHERE TO STORE NFTS?’ and ‘HOW TO TRANSFER OPENSEA NFT TO LEDGER’ have been answered. However, NFTs are beyond mere tokens gotten from OpenSea, it comprises other assets, but the focus can be shifted to birth the question; ‘WHERE DO YOU STORE YOUR NFT ART?’ Whatever mode is chosen, safety and privacy must be prioritized.