Wallet Setup

How to Securely Setup Your Wallets I like this method the best and I owe complete credit to the Magic Eden blog for this information. This helps in case you are hacked, etc. Each wallet serves a different purpose (Anything with large amounts of NFTs or Cash should have a hardware wallet such as a ledger):

• ‘Cash’ wallet: Stores all of my liquid $SOL and has no NFTs. I do not use it for anything other than storing $SOL and sending/receiving from my other wallets.

• Mint wallet: Prefunded with the exact amount of $SOL I require for minting. I immediately transfer my newly minted NFTs out after minting.

• “HODL” wallet: Stores the NFTs that I don’t plan on selling any time soon.

• Short-term wallet: A trading wallet that stores NFTs that I plan on potentially/selling listing soon.