Migrating MetaMask wallets into a Ledger hardware wallet

Migrating MetaMask wallets into a Ledger hardware wallet

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00:05
so as you know with axion one of the main purposes of the token is staking and earning bitcoin dividends out of our total supply only over 72 percent is staked and over 40 percent is staked for 15 years and so far in the last few months we've paid out 168 bitcoin to these stakers some of these stakes are huge i think the largest one i've seen at the time of staking for 15 years the value of tokens were 800 thousand dollars which is insane and this is why we're
00:37
we're trying to educate people about hardware wallets like a ledger nano and we're currently doing a giveaway where you can win 100 axion branded ledger nano s hardware wallets in the past it's not been possible to migrate away from a software wallet like metamask of course there's many reasons for for wanting to be on a hardware wallet mostly security if you're using just a software wallet like metamask or trust wallet your seed phrase or your private keys
01:08
are actually stored on the computer if your computer gets hacked or you get a nasty virus you run the risk of your seed trays being stolen which means all of the accounts tied to that seed trays could have the funds drained so we always recommend that people use a hardware wallet like a ledger nano to create their stakes in the past it's not been possible to to import a metamask wallet into a ledger but we've now found a way of doing it and you can import all of your accounts not just account one you can import
01:40
two and three as well so we recommend doing this if you've got any existing wallets we've got long term stakes on them or any value in them we recommend following the steps in this video to import your account over to your your brand new ledger and then once you've done it uninstall metamask which is going to remove the seed phrase from your computer so here are the steps this is a brand new ledger just got this out the box if we plug it in you'll see it asks us to set it up from
02:13
scratch so you can set up as a new device which will create a new c trays and a new empty wallet or we can restore from a recovery phrase so we want to do that choose a pin code so for testing purposes i'm just going to do one two three four confirm the pin code that you just set okay recovery phrase with 24 words 18 words or 12 words so mine is a 12 word one and it will be for everyone
03:04
with metamask so i'm going to select that one and now it's going to ask you to enter the words so on your computer open up well you've probably got this on on paper somewhere your original 12-word seed phrase but if you haven't you can simply load it up on your computer open up metamask and enter your password now it doesn't matter which of your accounts you're logged into because they all come from the same seed phrase so simply click on my profile icon go to
03:34
settings get a privacy and reveal secret phrase now when you do this ideally you should just be doing this on paper you should write it down on paper and only keep it on paper never take a photograph of this seed phrase never take a screenshot on your computer never copy and paste it and email it to yourself or anything like that you're just asking yourself to get hacked if you do any of those things it doesn't matter if i'm going to reveal this seed phrase in this video because there's no money in these accounts so it doesn't matter
04:04
so reveal secret recovery phrase enter a password for metamask and now it's going to tell me my 12 words so with those 12 words on the screen i'm going to open up the ledger and enter the words in one by one this is going to take some time so i'll speed up through it okay i've entered the 12 words and now let's see if i've done it correctly and it should
05:17
import the wallets your device is now ready so now the fury map is installed let's go to metamask and let's click on the icon and go connect hardware wallet so if you haven't already used a hardware wallet there is one setting you need to enable first go to settings advanced scroll right for bottom and enable use ledger live once that's enabled it will allow you to
05:54
connect a hardware wallet to a ledger so connect hardware wallet okay it's gonna ask me to confirm ethereum bridge opened now come back to here and it should populate with a list of accounts here we go so these are the three accounts i'm looking for e356 we can see is the first one but the second two are not coming up these two are
06:30
different if you click here and change the hd path from ledger live to bip 44 standard metamask trezor and click save now you'll see that accounts one two and three are all the correct ones that you've already that you had in metamask before so now i know that i can recover these i'm going to remove metamask completely yeah because it's
07:04
the only way you can wipe metamask from your computer is to uninstall the extension so i'm going to remove from chrome and then i'm going to go to metamask.io make sure it's the official website metamask.io download install for chrome and i'm on the chrome google store add the extension and once the extension is added back in
07:40
it will be a clean slate and it will be wanting us to create a new wallet from scratch okay now metamask is installed we need to create a new wallet in order to then import the hardware wallets sounds a bit strange but it's the only way of doing it you don't want to recover the seed phrase sure we've got the seed phrase here but we don't want this seed phrase to exist on the computer anymore we don't want this to be online or connected to the internet in any way we only want this to exist in my hardware wallet
08:10
and that's what we've we've restored we've recovered it into a hardware wallet we now need to get the hardware wallet connected into metamask so the only way of doing that is by setting up a new blank wallet so we'll go create wallet we'll set our password and we will again never copy and paste these but just for the ease of this video okay now we've created a brand new account this doesn't matter we're never going to use this
08:55
account because this is a a software wallet this is connected to the internet so if you want you can click these three lines here account details and just rename it change it from account one to don't use or whatever you want to call it because we're trying to get everything moves across your hardware wallet rather than a software wallet so now that's done now we can access the metamask menu we can go to profile icon
09:27
and now we can see connect hardware wallet we're going to have to enable a setting first so under settings advanced scroll to the bottom and turn on use ledger live once that's done we can go profile icon connect hardware wallet i'm going to pick ledger now the ledger live software is going to open up and ask if we want to use the device bridge yeah click open and then on the device
10:03
itself i know it doesn't need it so we wait for this connector hardware wallet screen to come up with the wallet addresses and again we're not seeing the correct ones here we're only seeing the top one is correct the second two aren't so click here to change change from ledger live to bip 44 standard click save and here we go bingo we've got account one two and three unlock those accounts and now in the metamask menu we should
10:41
have don't use as a software wallet ledger one ledger two and ledger three now these are now much more secure they don't exist on the computer as a software wallet they only exist as an imported hardware wallet and without the ledger connected there's no way you can actually do anything with these accounts and there's no way a hacker can steal the seed phrase either so if i go to ledger one and there is a little bit of money there's forty seven dollars
11:10
if i try and send it across to ledger two and i'll send just try and send a tiny bit three dollars i'll click next and confirm and it's not going to process what's going to happen is ledger live is going to open up open device bridge click open and of course it wants me to connect the hardware wallet because that's the only way we can do a transaction now that we're actually
11:41
using hardware wallet so i connect the ledger we enter the pin code one two three four and it's asking to open the ethereum app okay the bridge has now been opened now if we go and look at that transaction it is now pending it's now been authorized because we connected the app actually here we go review transaction so in order for this to actually go i need to accept it here
12:29
so i'm going to reject it there we go and as soon as i rejected it it came up on metamask has failed so we now have our three previous wallets safely connected in a hardware wallet which is much safer you

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