TL;DR- You’ll need to connect your Ledger or Trezor to your MetaMask account. MetaMask has a ‘hardware wallet’ option. Follow the steps below to get your NFTs over to your hardware wallet. Once finished, Ledger has a ‘Rainbow.Me’ app that allows you to view your NFTs.
If you want to keep some of your NFTs in your MetaMask wallet but can’t see them, follow these steps to be able to see your NFTs in your MetaMask wallet.
Why store your NFTs on a hardware wallet
It’s no secret that browser wallets like MetaMask, Coinbase Wallet, and Trust Wallet can get hacked. All a hacker needs to do is either get your seed phrase or take control of your computer. They can then send your NFTs to whichever address they’d like.
For this reason, I never keep crypto or NFT assets on my MetaMask or Coinbase Wallets.
Browser wallets are even less secure than exchanges, because exchanges have two-factor authentication, trading passwords, and more protective measures to make sure you don’t get ripped off.
Make sure you have the NFTs you want to move in Metamask before you start this guide. Then, you can move them to a hardware wallet with the help of Opensea. A ledger will be used in this example, but you can transfer an NFT to any other hardware wallet (or any software wallet for that matter) as long as you follow the same steps.
It’s important to follow the steps below to make sure your valuable artifacts are safe and sound in your Ledger.
People don’t do this because they think they won’t get scammed. In fact, a number of high-profile cases in the last few years show otherwise. Have you caught yourself saying things like this?
1. I’ll never have to deal with that.
2. I’m very careful when I’m online.
3. It’s too much work to throw my NFTs into a HW wallet.
4. I’ll do it tomorrow.
5. ETH gas prices are too high right now.
You can make your NFTs safe in two minutes. It will cost you a few dollars in gas, but that’s better than losing thousands or more in stolen NFTs.
How to store your OpenSea NFTs on your hardware wallet
1. Make sure you have a MetaMask account for your hardware wallet. To connect your hardware wallet to your MetaMask account follow this tutorial.
2. Make sure the MetaMask account (or other browser wallet) you’re currently holding the NFTs in is active. Go to OpenSea and select the profile icon in the top right and hit profile. Connect your MetaMask to OpenSea to login.
3. You’ll land on your profile home after logging in. Under the collected tab, look for the NFT you’re looking to make secure in your hardware wallet. Hit the three dots on the bottom left to open to more options menu. Select the transfer button with the gift next to it. If you’re looking to transfer multiple NFTs to your HW wallet, click each one. Select the blue transfer button on the bottom right.
4. Enter your hardware wallet address (your Ledger Nano or Trezor address). For Ledger, open Ledger Live and go to your Ethereum page. Copy your Ethereum address. Back on OpenSea, enter the address in the OpenSea address box. Double check and triple check that shit.
MetaMask/your browser wallet will pop up for a confirmation. Hit confirm.
After 30 seconds or so you’ll get a transaction confirmation.
5. If you transferred your NFTs to Ledger, you can get the Rainbow.Me app and view the NFTs you hold on your wallet. Love this feature!
Note that even when your hardware wallet isn’t connected to your computer, you’re still able to access your OpenSea profile for your hardware wallet. Don’t worry about this- in order to perform any action (buy, sell, transfer), you’re required to enter your PIN while having your device connected. This is the added safety feature that makes storing NFTs on your hardware wallet so great!
I’ll end this article by defining NFTs just to remind you. It’s taken me forever to grasp the concept.
One more time, what are NFTs?
NFTs are more or less digital art. Art (as an asset class) has outperformed nearly everything else over the past 30 years. If cryptocurrencies were stocks, then NFTs would be collections of canvassed art sitting in museums and vaults. NFTs hold similar properties to physical art:
- They are one of a limited number
- They belong to an owner
- They hold, lose, or increase their value
- They provide daily utility (people argue this one)
If you’re one of the people who doesn’t ‘get’ the NFT space- you don’t have to. Just know that humans have an innate ability to attach value to things that don’t necessarily have everyday utility. For instance- what is gold good for? Nothing, really. According to Warren Buffett it does “nothing but sit there and look at you.”
None of this is financial advice, and be careful out there when moving your NFTs around!