Metamask Now Allows You to Store Your Cryptocurrency and Private Keys Offline.
With the rise in online cryptocurrency theft globally, there have been several calls for crypto traders to store their funds offline using hardware wallets.
However, there has been a slow adoption of cryptocurrency hardware wallets because of the cost of purchasing these crypto storage devices.
Thanks to a collaboration between leading cryptocurrency wallet provider Metamask and AirGap, cryptocurrency enthusiasts can now convert their old mobile phones into a cryptocurrency hardware wallet.
“Want a hardware wallet? Do you have an old phone lying around that you don’t use?
Want a hardware wallet?
Have an old phone lying around that you don't use?
MetaMask now supports @AirGap_it Wallet, a free app on Android and iOS that turns a phone into a hardware wallet. 🧵👇
— MetaMask 🦊💙 (@MetaMask) February 18, 2022
What Metamask and AirGap Offers
According to a recent announcement, via the solution, users can conveniently check their account balance, sign transactions, buy and sell cryptocurrencies and non-fungible tokens (NFTs), among others.
Unlike most cryptocurrency wallets, AirGap works in a non-internet environment, storing users’ private keys completely offline.
Using a two-device approach, AirGap increases the usability and security of users’ funds and private keys.
With the use of a two-device approach, interested cryptocurrency traders will be required to install the AirGap vault on a dedicated smartphone device, which could be an Android or iOS device, while also installing the AirGap wallet application on their everyday smartphone.
Users are advised to install the latest updates and firmware on a dedicated device and only use the phone exclusively for the AirGap vault.
At the moment, the AirGap solution functions seamlessly on Binance Smart Chain (BSC), as well as Ethereum, which implies that users can access the numerous decentralized applications (dApps) available on both blockchains.
With AirGap’s solution, Metamask now supports five hardware wallets, including Ledger, Trezor, Keystone, and Lattice.
The need to store your funds and private keys offline cannot be overemphasized, as you’re well protected from every form of online attack.
In a recent report, Square CEO Jack Dorsey said Block Inc is building a Bitcoin hardware wallet to keep users safe.