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Crypto wallets explained
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If you’re buying cryptocurrency you’ll want to keep it safe and accessible in a crypto wallet. Here’s what you need to know. 👇
Check out the products discussed in the video here 👇
Ledger Nano X:
Trezor Model T:
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#Crypto #wallets #explained
I’m a confused newbie. I trade on Coinbase, but bought a Ledger wallet for more security. I added one that I only had about $4 of, to the wallet as a test. It worked successfully, but still shows on Coinbase. So when I trade, on Coinbase, does it change on my wallet, or if I trade from my wallet, will it affect what Coinbase says I have somehow? CAN you trade through the wallet?
Trying to learn this stuff, but even though I’ve been in IT for 14 years, it’s still confusing to me.
D’CENT wallet works very great 👍
I hope someone can clarify if I have a misunderstanding?
Great vid, thanks! A friend of mine came up with this idea for TRULY protecting one’s 12 words, I’d love to get feedback.
Basically, I convert my 12 words into their corresponding numbers (from 1 to 2048). Then, I perform an operation using a secret number (like my girlfriend’s birthday). Let’s say it’s April 21 or 421. If my first word is “abandon” then it’s 1, so I just add 421 and it becomes 422, which corresponds to “cruise.”
I do the same for the other 11 words, so I get 12 fake words. I engrave these fake words on metal or titanium (to fool the hacker or robber into thinking they MUST be the real words, otherwise why would someone engrave them?). This way, even if my 12 words are stolen, it’s impossible to guess what the REAL words are (the robber would have to know my girlfriend’s birthdate as well as the arithmetic operation (in this case, it’s just adding the birthdate, but it could be more complex like adding the month but subtracting the day). Thoughts anyone? Thanks!
all good but you also have to trust the cold wallet companys who build those and if u buy them first installing did u create the seedphrase or was it alrdy there ?
the last wallet is not good because when a hacker put in 10 times wrong pw you are blocked too
the wallet itself is not that secure and if you can intercept a wifi, you can mint it on a wallet and hack the hardware; it is easier to hack this way.
helpful
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just 1 quick question, How much do you think is too much to be kept in a hot wallet? $ wise
Above $10k?
It’s all secure and all until you are in front of your computer at gun point.
NICE VIDEO.…. I HAVE BEEN TRADING FOR MONTHS NOW. I KEEP M1AKING MORE LOSS TRADE WRONG COINS PLEASE I NEED SOME KIND OF ASSIST OR ADVICE ON WHAT TO DO
The best thing you can do is buy a cold storage wallet and put 20$ on it. Then try factory resetting the wallet, transferring funds to an exchange, etc. The more you move funds around and recover them the more comfortable you will be with storage.
Please help! New to crypto. I bought on Robinhood, public and crypto app, but want to buy one of those wallet things he’s talking about. How do I covert it if I buy one? Not techno smart!
Is there no app for phones i can put my crypto in and have my private key?
How do you move coins from Trevor back to Coinbase to sell it?
What is the cost of this device ??
ITS so stupid to even create that self destroy drive. only thing i know who would like that, is terrorist and or pedos
I wish I seen your video before I lost all my money in Voyager digital
What if the hackers are the same folks who manufacture the ledger or cold wallets. Do we get compensation if it disappeared magically from the ledger?
What happens if Trezor just dont work one day?
I don’t have any crypto but I am now curious as to whether the person who forgot their password was eventually able to access their bitcoins?
Working!!!
I like how you have combined dark deception and poppy playtime
谢谢
This is my next line of action ! I will buy a new laptop n a cold wallet, store my crypto on it n never use the internet on that laptop lol
Shibadoge! Terra Luna classic! Going to make many millionaires and billionaires 🤑🤑🤑🤑🤑
very informative!
Bitcoin Depot is not allowing me to reset my password though that I have all the necessary information to do so , the system is not accepting my username , communication with customer service is useless , that is on top of the 20% Plus handling fees .
Do not keep money in exchange
I would like to know what wallet is the less or none connected to government regulations but it’s reliable and well known
thank you! I kno these companies explain that “your data is not exposed” but, in the end.. this is a piece of hardware, with software and at some point (at least once when you set-up and once when you cash-out) you are gonna connect to the internet.…
People keep telling me “cold wallets are safe”.….… they simply seem “somewhat safer”.…
My crypto disappeared on robinhood never again
What a useless video. Thanks.
I am from England where i work as a journalist until i met Expert Mrs Amanda K Mrs Amanda K is legit and her method works like magic. I keep earning every single week with her new strategy.
I count myself successful in trading with the help of my broker who manage and handle my trading account and get me awesome profits. Her strategies are top notch coupled with the little commission she charge on her trade.
How do i start using a wallet though? Like do you just type both keys in on a trading site and wallah, it’s now associated with that account? That’s the thing i never understood about crypto, how do i keep it all together? Without using something like robin hood that won’t give me my keys to use elsewhere (what a grift)
Lets say you have like $15000 worth of Bitcoin in a cold wallet like the Trezor 1 and you want to take out $5000. If i use Coinbase, can I go through them to get that $5000 into my bank account? Second question, does the value of the crypto in your wallet go up and down like it does, say in Coinbase?
Please forgive me for my absolute ignorance: Thank you for this video. I perceive crypto as something intangible to invest in. To that end, I use Robinhood. Are crypto wallets used to make purchases for goods and services? If so, how?
So the dude stored his precious crypto on a device that would lock him out forever if he entered his password wrong 10 times? What if someone else simply tried 10 times and locked him out lmfao?
This is an old video . Is there a new recommendation for what cold wallet is the best in June of 2023?
Am glad i grew my portfolio from 17k to 100k last month inside my wallet without sending a dime to anyone through the help of Mr ralf schadewald
question if i store my crypto in a crypto wallet will the worth of my crypto fluctuate with the market or does it freeze once its in the wallet
i have funds in a crypto harvest site but i don’t understand how to withdraw it there’s only wallets address and email account please excuse me i am new to this
I NEED SOME HELP! I have lost a lot of money over time hodling crypto, this is so frustrating. Any advice? 🙁
Nice content, trading come with a lot of benefits And I have just bought my first house through it. As a beginner I was scared of loosing my savings but I’m glad I took the bold step that is now favoring me.
The future belongs to those who believe in the beauty of their dreams. Success is a state of mind. I start investing my cash in other to achieve all my dream with the help of Lucy Mary Liam. The difference Mrs Lucy Mary make in my life is second to none. It’s definitely a life changing kindness. I really appreciate her effort in my life time.
Why Trezor? You do not own your Key, it is given by the company, so the company knows It.
Wait so if you put your crypto into the wallet does it continue to move while the market moves or does it freeze it once it goes into the wallet ?