Looking for a solid wallet to store Cardano. I heard the air gap term before but you are the first person to explain what that is.
@patrick_mactan Жыл бұрын
Is it safe to use the same auto-generated address to receive multiple crypto withrawals from a third party platform to the cold wallet?
@RhettReisman Жыл бұрын
You can receive funds to that address generated by the hardware wallet multiple times, but youll lose some privacy. If someone puts that public key into a block explorer they’ll see every transaction you’ve ever made there
@patrick_mactan Жыл бұрын
@@RhettReisman Thanks! Just ordered an additional wallet for that.
@debbiepolak4183 Жыл бұрын
@RhettReisman what wallet do I need to get my money off of the trust wallet! Please, can lease help me. Which cold wallet do I need? Please
@exodus Жыл бұрын
Hey, Rhett! Thanks so much for the shoutout and for being a part of the Exodus ecosystem 💙. There are many improvements coming in our bi-weekly releases 🚀 - BT
@RhettReisman Жыл бұрын
Thanks for making a great product 🔥🔥🔥
@kevinswiney11959 ай бұрын
Thank you Rhett. Ive used Arculus a few years with zero problems but recently ordered the NGRAVE ZERO. Im an old school vet in the space but obviously still learning because I had no clue about multi sig. Will find out if Arculus and NGRAVE support it and look for a 3rd to implement a 2 of 3 setup! Thank you man!!!!
@RhettReisman9 ай бұрын
Epic!! Sounds great - happy to help :)
@jefferygarcia201114 күн бұрын
This is one of the few videos I've found that actually explains how the wallets/crypto work. Appreciate you!
@DARlUSD18 күн бұрын
i thought you'll tell me something NO ONE KNOWS about hardware wallets
@_.Alucard._7 күн бұрын
The most important part is about making an offline backup of your SEED, hide it somewhere, don't share it with anyone and don't take digital copies. Even if the cold wallet stops working, it is possible to restore it on another cold wallet entering the SEED.
@PIXELSURPRISE5 күн бұрын
Yessssss. ❤
@skyhackerfpv7104 Жыл бұрын
Great overview of hardware wallets! And the multi sig bonus content was top notch. Thank you!
@RhettReisman Жыл бұрын
Thanks man 🙏 Glad to help 🧠🚀🌙
@lennybrewster46736 күн бұрын
I use a trezor model T and a cypherock. The Cypherock is a game changer. 4.8 out of 5 stars by coin bureau and also had an inheritance option.
@gregt301 Жыл бұрын
Thanks for the video. Just curious, how do you feel about having a single HW wallet but using multiple "25th words" to segregate funds for better security? I figure this is better than having everything in the same wallet, but maybe not as good as having multiple wallets. But, on the other hand, multiple wallets introduces a lot of complexity. Thoughts?
@narwhaltacos2197 Жыл бұрын
I’m toying with the same question. I heard NVK (from Coinkite/Cold Card) mention that multi-sig is likely too much complexity for most individuals, and that a significant degree of additional security can be achieved via a 24-key passphrase w/ and added 25th secret password that is stored only in memory. Looking for more background info about this….
@RhettReisman Жыл бұрын
There's an idea in the security community that you should use a setup that a lot of other people are also using (because usually those setups are the most robust). You can contrast this to what Luke Dash Jrs supposedly very complex very unorthodox setup for holding his bitcoin (that eventually led to him losing all his bitcoin). I personally would prefer just setting up a multisig because I haven't messed around with creating multiple 25th word passwords, but as long as you understand the process and have it documented in a way that whoever you want to inherit your bitcoin can ultimately understand it - I think it's fine.
@gregt301 Жыл бұрын
@@RhettReisman Thanks for the reply! Totally agree about eliminating unnecessary complexity (which is partly why having multiple wallets seems risky). Personally, I find the "25 word" approach very simple. When I plug in the wallet, the software just asks if I have a "hidden wallet", and I enter a passphrase (which is the "25th word"). I could literally have an unlimited number of different wallets by just using different pass phrases. But as you said, understanding the process and documenting it for others is the important thing. For me this seems easier, but "to each his/her own".
@aussieman8738 Жыл бұрын
@@gregt301 I agree. I find the best and simple way is the 25th word passprase Unlimited accounts. There is the best
@1968Lawman Жыл бұрын
Nice work! Thanks!
@RhettReisman Жыл бұрын
Glad to help :)
@frankmajor7384 Жыл бұрын
Rhett great site just subscribed Im a newbie looking at a nano x good choice in your opinion??
@RhettReisman Жыл бұрын
Ledger makes me a little uncomfortable after the new ledger recovery feature but if you’re really technically challenged it might still be a good option. Check out this trezor tutorial, if you’re able to follow, I’d go with a trezor. kzbin.info/www/bejne/rZmppKFugN15oaM
@et778 Жыл бұрын
1- how can avoid the FTX collaps while in Binance 2- how the whole ecosystem works? if I want to buy more? or if I want to change to stable coin? how does the ecosystem of managing it
@RhettReisman Жыл бұрын
1. You can automatically withdraw your coins every week to a hardware wallet using a method like we've built here: kzbin.info/www/bejne/ZnfZn4eql99nmaM Not sure what the ecosystem questions mean.
@et778 Жыл бұрын
@@RhettReisman are there any fees that I need to consider? about the ecosystem example: buy crypto from an exchange then store it to a cold wallet and then sell it as you can see buying>storing>selling there are steps and is it worth it? Are there fees or huge fees that I would be considering not doing or not worth the effort? or I'm doing it incorrectly or inefficient
@RhettReisman Жыл бұрын
Buying -> storing -> moving back to exchange -> selling Or Buying -> storing -> selling directly to another person / buying something There are fees every time you send it associated with the blockchain. There are fees everytime you buy or transfer from the exchanges. The fees are all small for the most part except on ETH and ERC-20 tokens.
@slapstick_2306 Жыл бұрын
I have 3 different hardware wallets. No copies but all different seed phrases, stored in multiple locations. Funds is devided equally. This might seem like an overkill, but it helps me sleep at night 👊🏼
@RhettReisman Жыл бұрын
It's definitely one approach. I used to do it like this also before I learned about multisig.
@slapstick_2306 Жыл бұрын
@@RhettReisman I have not looked into multisig, but i will. With all the things going on with ledger, atom wallet hack, i feel like i want to take security to the next level, and for now having more than one seedphrase feels the safest for me atleast so when one gets compromised not all og my funds will be lost. Also i keep my funds equally dived with every wallet holding about 70 procent bitcoin in each so i will always cover my losses in the rare case all my alts go to zero
@Btree335 ай бұрын
Their are better ways than this
@MaterialBitcoinEnglish4 ай бұрын
Great comment. That's all it matters at the end of the day.
@GoodieGomez Жыл бұрын
Any Suggestions of Tangem wallet if their APP stops working how to transfer crypto to another wallet??
@RhettReisman Жыл бұрын
I haven’t used Tangem but hopefully you have your 12/18/24 words and you can just upload that seed phrase to a ledger or a trezor
@GoodieGomez Жыл бұрын
@Rhett Reisman - Level Up Your Brain So far, Tangem does not provide Seeds or Private Keys. They act like reloadable cards
@RhettReisman Жыл бұрын
Sounds like a good reason not to use them in the first place - not knowing anything else about the product. Sounds like if they lock you out of their app you don’t have a lot of recourse.
@nicoyaresearch11 ай бұрын
Is Sharmir backup just as good as multi-sig or similar in terms of security?
@RhettReisman11 ай бұрын
Theyre similar but they make different tradeoffs. Multisig is more complicated but also more robust. If you’re wondering which one to go with I would just do a multisig given how easy certain software has become.
@nicoyaresearch11 ай бұрын
Which? You mean with Casa or Unchained?@@RhettReisman
@rscott30868 ай бұрын
I am dumping my Ledger due to backdoor updates and the government could force Ledger to close or defend my crypto. BUT in the mean time I use the Ledger app to view my crypto. Since it is tied to internet, does it make it possible to use my app to trade/send my crypto?
@RhettReisman8 ай бұрын
Ledger live can’t trade your crypto - it is just a window into the addresses of your wallet. You (or a malicious government) would need access to your physical ledger to sign a transaction
@yourdailyblockchain Жыл бұрын
Thanks for the vid - is it worth having multiple Trezors?
@RhettReisman Жыл бұрын
If you’re going to create a multisig I think it’s worth getting multiple hardware wallets. I would probably split up the brands, but if there’s one you prefer you can do all of that one
@pgomesny Жыл бұрын
Great video, thanks.
@RhettReisman Жыл бұрын
Glad to help :)
@CaliforniaLloydUK Жыл бұрын
Thankyou bro for clearing this up. Thankyou
@RhettReisman Жыл бұрын
Glad to help :)
@stevenreading11 күн бұрын
Great content. Thank you.
@joeysmith45154 күн бұрын
Can I setup my ledger nano using multi sig?
@glendaminarcin7819 Жыл бұрын
When a usb ledger wallet is first time activated, do you have 24 hours to use it, before activating it again?
@RhettReisman Жыл бұрын
No, you can use it whenever you want there are no time limits
@nickbolognaesq Жыл бұрын
Have you seen or used a SafePal S1? Was thinking of switching to a Ellipal Titan or Mini. Any opinion on those three options? I like the idea of a bigger screen. I like the offline QR code scanning, which all three have. SafePal was great for $50. The mini is cheaper but the Titan has that nice big screen.
@RhettReisman Жыл бұрын
Haven't used safepal. Here are the hardware wallet's I've used and recommend: kzbin.info/www/bejne/jpauhIt9qtp7mJY One of them (Keystone) has QR codes + big screen
@fightthebully3331 Жыл бұрын
Muti sig. Is like 3 factor authentication right?
@RhettReisman Жыл бұрын
It’s like Voldemorts horcruxes. You can’t kill him until you find them all
@efbcinema4 ай бұрын
when you say reading the balance on your hardware wallet from a companion app does that not compromise the hardware wallet? or are you just inputting the address online and not exposing it fully?
@RhettReisman4 ай бұрын
Only the public keys are exposed the private key never leaves the device
@chicken33658 ай бұрын
how do you recommend storing seed phrases?
@RhettReisman8 ай бұрын
Use metal plates and store them in a safe deposit box / safe at home / safe at work etc
@MajesticLawnGnome Жыл бұрын
Rhett could you make a video please about ledger bitcoin university was talking about how ledgers code is private and not public which is concerning could you cover open source vs non open source and any issues that could come of this? Thanks 🙏
@RhettReisman Жыл бұрын
I have brief discussion about that in this video comparing ledger with coldcard: kzbin.info/www/bejne/pV6wXqKNnbpmapY I’ll work on more ledger videos soon :)
@AdanFarrah Жыл бұрын
Which cold wallet is better ledger or SafePal ?
@RhettReisman Жыл бұрын
Trezor
@AdanFarrah Жыл бұрын
@@RhettReisman why so
@RhettReisman Жыл бұрын
Because I don’t trust Binance or Ledger
@AdanFarrah Жыл бұрын
@@RhettReisman I just read an article about Trevor having the same backdoor issue like safePal and Ledger. Is there any cold wallet that doesn’t have that issue
@RhettReisman Жыл бұрын
Coldcard. Ledger vs coldcard video here: kzbin.info/www/bejne/pV6wXqKNnbpmapY
@sothatslindsey5212 Жыл бұрын
I’m still learning about this but when you put your crypto on the hardware Wallet like 1000 bitcoin That 1000 just stays on the Wallet ? And you can just keep adding more
@RhettReisman Жыл бұрын
All crypto is on the blockchain, not on the hardware wallet - the hardware wallet just holds the keys to sign and prove that you own the crypto in the blockchain address created by the hardware wallet. If you have 1000 bitcoin in the addresses generated by the hardware wallet and you send in 10 more you’ll have 1010 bitcoin “in the hardware wallet” (again the coins are not really IN the wallet, but you can spend all those coins using the wallet)
@James-b1lАй бұрын
Yes. They add up. But the coins aren't in your wallet. Only the keys to the coins are in your wallet.
@derekpatton652711 күн бұрын
Any tips on how to get my account unrestricted on an exchange? They have not gotten back to me at all and it’s been a week.
@user-js2jk3yv2s23 күн бұрын
Great video really appreciate it! Question how do you store your bitcoin for example in multiple cold wallets? In the video you explain to uses multiple cold wallets for security, but how does that work? New to the scene and appreciate your advice!
@RhettReisman21 күн бұрын
It’s called multisig. Basically, instead of 1 wallet = 1 seed phrase you can have 3 wallets = 1 seed phrase and you need 2 of the 3 to spend. Here’s a tutorial: kzbin.info/www/bejne/imqWh6Bsm6dmrNUsi=9J-sM-PM1WRraQrD
@user-js2jk3yv2s21 күн бұрын
Thank you very much! I appreciate you taking the time to respond! I’ll be sure to watch the tutorial you sent.
@Lulu-kt6gr9 ай бұрын
Hi - It cost me $15 to send $10 worth of bitcoin from the wallet to Trezor. This is at 3:30 in the afternoon. This is ridiculous. How can I possibly do this? I will be losing so much money. Is it that much different at midnight or something? I don’t understand.
@RhettReisman9 ай бұрын
Watch this to understand what’s happening kzbin.info/www/bejne/g5uxfameotpnq6ssi=0ZgfxaGhfJxVarWW TLDR; you probably shouldn’t be sending $10 bitcoin transactions on chain
@Lulu-kt6gr9 ай бұрын
@@RhettReisman it was a test- and it worked but too costly
@AliSercanGüçlüler6 ай бұрын
i had once wrote my seedphrase on iphone notes (2 years ago) but few days later i had deleted it. do you think i must change my hardware wallet?
@RhettReisman6 ай бұрын
I think it’s worth changing just for peace of mind
@MaterialBitcoinEnglish4 ай бұрын
It's generally a good idea to be cautious when it comes to your seed phrase. Even though you deleted it from your iPhone notes a few days after writing it, there's a potential risk that it could have been backed up to the cloud or accessed by someone else in that short time. If you have any concerns about the security of your seed phrase, it's safer to change your hardware wallet and generate a new seed phrase. This ensures that your funds remain secure and gives you peace of mind.
@AliSercanGüçlüler4 ай бұрын
@@MaterialBitcoinEnglish we cant generate another seed phrase on same device, yes?
@BeautiHacks Жыл бұрын
How do you trade crypto in a self custody wallet? If it’s still technically on the exchange?
@RhettReisman Жыл бұрын
There’s an exchange or a broker in the backend connected to software (like ledger live). The crypto you’re “trading” sits on your ledger/trezor/etc.
@BeautiHacks Жыл бұрын
@@RhettReisman so it would no longer be on the exchange FTX for example? It’s stored on the ledger device? So if an exchange goes bust like FTX the crypto is still recoverable right?
@BeautiHacks Жыл бұрын
I’m still trying to understand how it all works.
@RhettReisman Жыл бұрын
Exactly, you don’t have to worry about the exchange anymore
@BeautiHacks Жыл бұрын
@@RhettReisman ohh ok. Thank you I was so confused. Are you able to sell the crypto on a Ledger or does it need to be on an exchange to do the transaction?
@justkris646110 күн бұрын
What do you think about ellipal titan 2.0 im looking into buyythat wallet
@RhettReisman9 күн бұрын
I think just get a ledger or a coldcard
@sacha9646 Жыл бұрын
Hey Rhett do you know how to teansfer crypto from Trust wallet to a hardware wallet, say trezor model 1? Thanks it would really help. And great video btw
@RhettReisman Жыл бұрын
Here’s how to send funds to trezor model one kzbin.info/www/bejne/rHPWaqlnlN98ra8 Process should be very similar using trust wallet
@Chantcg Жыл бұрын
What do you think about the safepal wallet?
@RhettReisman Жыл бұрын
Never heard of it
@slant67527 күн бұрын
You know that thing where you say a word so many times that it starts to lose meaning? Yeah, that just happened with the word "wallet" after watching this video. That said, great content! Thank you.
@johnroff2704 Жыл бұрын
Rhett, Trezor provides a demonstration (via a youtube video) on how to set up multisig through Electrum. My question to you is, can I trust Electrum with my Trezor pin#? Thank you!
@RhettReisman Жыл бұрын
As long as you’re using legitimate Trezor firmware and a legit version of electrum, electrum should not be accessing your Trezor pin (pin should only be entered on device and electrum should only be requesting public key information from the trezor)
@johnroff2704 Жыл бұрын
@@RhettReisman Thank you!
@johnwalsh4857 Жыл бұрын
main wallets I use are ledger Nano S and Safepal. ledger to store stable coins, and SAfepal to store coins that is not available to ledger. of the two, I find both to be very secure, with Safepal probably being the most secure since its air gapped, no connection to PCs or the internet.
@RhettReisman Жыл бұрын
Haven’t heard of safepal I’ll have to check it out
@johnwalsh4857 Жыл бұрын
@@RhettReisman yah its the hardware wallet of binance.
@1968Lawman Жыл бұрын
Can you do a video that discusses the best way to receive BTC from the MtGox bankruptcy distribution?
@RhettReisman Жыл бұрын
I’m not sure of the logistics of that situation / how they’re paying people out. From a wallet perspective I’d say definitely use a hardware wallet if it’s a large amount of money if that’s the question.
@Renerator Жыл бұрын
EXCELLENT vid my man! I don’t know how many times I’ve seen people make comments on Telegram where people say “I have all my Elephant Money safely secured in my Ledger.” When I tell them it’s not in ur Ledger it’s on the blockchain, they poo poo me. Funny shit. Again, loved ur vid! I’ll keep it as proof!
@RhettReisman Жыл бұрын
Exactly!! So many people still don’t get it smh 🤦🏻♂️ Thanks man 🙏🙏🙏
@goodysri4 ай бұрын
Does the new wallet has its own seed? You just use old seed to import into new hardware ?
@RhettReisman4 ай бұрын
Do hardware wallets come with seed phrases?
@RhettReisman4 ай бұрын
Hardware wallets can generate lots of seed phrases they don't come with a seed phrase though. The bitcoin is on the blockchain, not on the hardware wallet. kzbin.infoAOl6zvBW-Wg?si=KtH76CfD1TBYaZkU
@guillermogutierrez3315 Жыл бұрын
what is a malicious defy smart contract and how to avoid it
@RhettReisman Жыл бұрын
A DeFi smart contract is a program that you execute using your private key. If you don't read the code of the smart contract (and the related smart contracts that it executes) you won't know if it is malicious or not (malicious in this case meaning that there is some line of code that steals money from you). Some smart contract programmers will have audits of their code and those are okay proxies for understanding if the smart contract actually works or is malicious etc
@guillermogutierrez3315 Жыл бұрын
I don't understand this man do you do private consultations? @@RhettReisman
@Rafael_Perez213 күн бұрын
excelent video
@chuck9112 Жыл бұрын
Could you do a video on Tangem wallet? The keys are internal
@RhettReisman Жыл бұрын
I’ll look into it. It seems like a not your keys not your coins situation
@chuck9112 Жыл бұрын
@@RhettReisman no the keys are internal. You can't lose them and no one can steal them. You don't have to remember them.
@RhettReisman Жыл бұрын
If you lose the wallet the coins are unrecoverable then right?
@chuck9112 Жыл бұрын
@@RhettReisman no but if you are interested you should just watch a couple videos. 😉
@RhettReisman Жыл бұрын
Seems like even their website says if you lose 2 of the 3 cards you lose the bitcoin
@JB39402 Жыл бұрын
I have never seen anyone talk about this, but your video made me think of it. Could someone just add their same seed phrases to three different ledgers? Then keep one at home, one with a relative, and the other in a safety deposit box? Then if anything happens to any one of them, you could use one of the others to transfer the funds to another wallet and start over with a new seed phrase. Seems like that would be more secure, increase availability, and lessen the stress of protecting seed phrases from disaster or theft. 🤔
@RhettReisman Жыл бұрын
Yeah you can do that. I talk about it a little at the end of this video: kzbin.info/www/bejne/gZ7KoKylndFjiaM I think it’s more convenient but you’re sacrificing some security. Now instead of worrying about a single wallet you need to worry about any of the three being compromised. It increases the surface area of an attack (like adding a bunch of doors to your house)
@JB39402 Жыл бұрын
@Rhett Reisman - Level Up Your Brain Ah! How did I miss that video? I do not understand the argument that it increases the attack surface. Unless we are saying these devices are not secure (hackable or easy to guess pin)? If someone is robbing your house and they find the words and know what they are doing, move your coins quick! However, if you have multiple devices with the same seed someone would have only 3 chances per device to guess your pin before it wipes. I am so paranoid about my seed phrase that I wrote it down with invisible ink. 😃 Another added benefit is that I can store the pin in a password manager solution since someone would also need the device to use the pin. This allows me to easily pass the coins to someone should I die. The one I use allows me to designate someone that can request access to my data if I don’t deny it within x number of days, they get access. So I can keep full control of my coins yet allow access quite easily to another if I become incapacitated.
@vegasvato55 Жыл бұрын
Now that Ledger has admitted there has always been a back door in their wallet, which is contrary to their claim to fame of being completely secure,,, Is anyone talking abouot getting refunds or taking legal action for consumer fraud???
@RhettReisman Жыл бұрын
I don’t think they’ve “admitted there has always been a back door” - back door means something very specific in security tech and I doubt anyone from Ledger would describe it that way. To your point, I imagine there will be lawsuits even if they end up being mostly for show.
@TYKT898 Жыл бұрын
Those back doors are being created by your ‘’government’’ the entire crypto system is being tracked and traced. Any crypto that is being seized for crimes such as human trafficking, money laundering, drugs and other nefarious reasons are being investigated and appropriate action is being taken. Billions of dollars of crypto has been seized and those are apparently going into humanitarian projects.
@Steven-f3d4nАй бұрын
@@RhettReisman Hi. I bought a LnX 4 years ago and never set it up or used it. Is it still okay to use? --Steven
@ThomasJamesMcNamara14 күн бұрын
There is no backdoor on Ledger. It is still safe to use.
@foxbox28798 күн бұрын
Bruh did you use crypto Twitter as the source here ?
@KingdomeSidehustle Жыл бұрын
Air gapped wallets have transfer fees?
@RhettReisman Жыл бұрын
Every time you send bitcoin there are fees paid to the miner regardless of what wallet you use
@KingdomeSidehustle Жыл бұрын
@@RhettReisman what about xrp?
@RhettReisman Жыл бұрын
What about xrp
@KingdomeSidehustle Жыл бұрын
@@RhettReisman xrp is already minted .. there can't be mining fees for xrp
@RhettReisman Жыл бұрын
Sounds like no fees then idk I don’t use XRP
@markpoultonsrules6 күн бұрын
Bad analogy about the deed to your house. At least in the US a copy of your deed is available online.
@DrinkTheCoolaid8484 Жыл бұрын
Hey Rhett. Here's a question about software wallets. So let's say a person has 2 software wallets on their phone, for example, exodus and trust wallet (these wallets have access to the same multi-coin wallet). Is that 2x as risky than using only one software wallet on the phone? Thanks for the great video!
@RhettReisman Жыл бұрын
Yeah exactly. The two wallets on the same phone is doing nothing for you if they’re pointing to the same private key / seed phrase. If someone steals the phone and has the password to the wallet then both could be compromised. Even worse if one wallet has a password and the other doesn’t.
@kaifae6 ай бұрын
I generated private keys on a new keystone 3 hardware wallet, then used those private keys to recover the wallet on a software wallet, and was able to send and receive BTC without having to use the keystone device to sign transactions. what did I do wrong?
@RhettReisman6 ай бұрын
It sounds like you instantiated the wallet into a software wallet compromising the security of the seed phrase that was generated by the keystone. You now no longer need the keystone, only the software wallet that has the full seed phrase to sign transactions. You should regenerate a new seed phrase on the keystone and transfer the funds to that new wallet.
@checkmate_007 Жыл бұрын
Make a video on arculus please
@RhettReisman Жыл бұрын
Not a fan
@katenow9508 күн бұрын
*****Please answer this! I was logging into Ledger Live on my MacBook Pro 16. Ledger Live was not accepting my password, which I know is right! Online sources say that I have malware. I reset my whole computer. Did I have to? If I'm only entering my seed phrase into the cold wallet, is it reaching the Mac where I'm at risk? my thoughts were no and I, but it wasn't worth the risk for reset my Mac thanks.
@_.Alucard._7 күн бұрын
Don't share your SEED with anyone and don't take digital copies of it. Erase and factory reset your iMac then install Ledger Live again and at this point it should be working again.
@XxowendanxX9 күн бұрын
Is it a good idea to just not set up your wallet with a private key?
@RhettReisman8 күн бұрын
I’m not understanding. You can’t have a wallet without a private key. You should let the hardware wallet generate the private key.
@XxowendanxX8 күн бұрын
@RhettReisman Wow, well I'm new. I thought I heard of HODLers with no intention of selling any time soon set up a wallet with a public key only. Guess that I heard wrong.
@HelmutBemboka9 күн бұрын
Wouldn't the act of interrogating your wallet balance compromise your key?
@churchofclaus6 күн бұрын
2:54 wallet*
@Afiore108 Жыл бұрын
Teacher Rhett 🙏
@RhettReisman Жыл бұрын
🤓👨🏻🏫
@FirstNameLastName-oy2ji7 күн бұрын
Your coins are not on the wallet....quit saying your funds are on the wallet....geezzzusss...
@bang_acil_4 күн бұрын
This
@Lulu-kt6gr9 ай бұрын
Is there a worry when setting these up, that WI-FI could be compromised and someone could copy the seed phrase you’re given?
@RhettReisman9 ай бұрын
No, the devices don’t have the capability to connect to the internet
@Lulu-kt6gr9 ай бұрын
@@RhettReisman thank you! I just know that with the Tangem there’s a worry about phone security. I bought that one but now I just ordered the Trezor Model One because I don’t trust my cellphone security. I had a SIM card stolen once. They didn’t get into any of my accounts but still scary.
@RhettReisman9 ай бұрын
Yeah sim swaps are a huge issue hopefully cell providers crack down more on this in the future
@Blue-Hawk-Legend5 ай бұрын
Are our tokens stored on the blochchain of the token we bought? Other question is since the hardware wallet companies like dcent or ledger give us seed phrases instead of the private keys doesnt that mean that the issuer can clawback the tokens at will? Hardare wallets seem like the best but is there a hardware wallet that gives me the private key and not seed phrases?
@RhettReisman5 ай бұрын
Yes - they're on the blockchain. No, Ledger can't claw your tokens back because Ledger doesn't know what your seed phrase is. If you're worried about this you can roll 100 dice to generate your seed phrase and upload it into your Ledger. Or use a Ledger / Trezor / Coldcard in a multisig setup so that you never have to rely on a single device (example: kzbin.info/www/bejne/f6XSYoyAjs2Wack&pp=ygUUcmhldHQgY2FzYSB1bmNoYWluZWQ%3D)
@StuffBudDuz Жыл бұрын
"Hardware wallet" is such an unfortunate misnomer. A better term would be "hardware keychain." It would cause much less confusion.
@RhettReisman Жыл бұрын
Yeah 100% or even “signing device”
@VenceslaoAlicea-i6nАй бұрын
Thanks for the forecast! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?
@chicken33658 ай бұрын
good video
@RhettReisman8 ай бұрын
Always happy to help my chickens
@wingsofabe11 күн бұрын
isn't it more convenient to just have a paper wallet, i mean store your keyword offline? I don't see how Hardware Wallets would be stronger than that, since you can't access any wallet without the keyword anyways. this has made me hesitate to buy Hardware Wallets because i don't want to waste money on something i don't need
@sudstahgaming14 күн бұрын
This is why i don't have faith in crypto its too exposed and too risky to store especially when its not insured, its here now but will it be here in 20 years, i dont know.
@RedBullGreenBear5 күн бұрын
HEX is awesome
@heatherhudec4891 Жыл бұрын
Still over whelmed of what to get. A lot of information. Not sure what the best route for me is.
@RhettReisman Жыл бұрын
I think ledger is good place to start for most people. If you have an iPhone get a nano X if you use android get a nano S+ Rhett.blog/ledger
@n00g75 Жыл бұрын
the video is OK! yes there can ALWAYS be security problems but this counts for EVERY wallet or basicly ANYTHING humans invent. and a hardware wallet are the savest way to store coins.period!
@RhettReisman Жыл бұрын
Yep :) Not all hardware wallets were created equal 🧠
@zeerypto Жыл бұрын
Rhett Reisman - Level Up Your Brain.............. make a video of SAFEPAL Wallet..... is it safe
@RhettReisman Жыл бұрын
I’m not a big fan of Binance generally but I don’t know much about SAFEPAL
@Fun-di5vm Жыл бұрын
4:55 "Not your keys not your coins" lmfao as he holds a ledger nano get outta here 🤡
@RhettReisman Жыл бұрын
Yeah I’m so dumb. Everyone should roll their own seed phrase and do their own elliptic curve cryptography.
@ArtismAnimation4 күн бұрын
How hacking works on a hard ware wallet
@dabig_guy220411 күн бұрын
Crypto wallets info
@RhettReisman11 күн бұрын
Big brain crypto wallets info 🧠
@potheadchimp4 күн бұрын
Paper wallet
@BAR-ct7ti3 күн бұрын
Sounds really confusing
@RhettReisman2 күн бұрын
It’s super straight forward. ChatGPT can answer all your questions that’s how simple it is.
@MargaretBaker-n9d17 күн бұрын
High quality video content! I have another question: someone transferred me some usdt and I have recovery phrases. (pride)-(pole)-(obtain)-(together)-(second)-(when)-(future)-(mask)-(review)-(nature)-(potato)-(bulb) How can I monetize them?
@FTW_Wolf Жыл бұрын
harwar wallet!
@RhettReisman Жыл бұрын
Let’s go 🐺
@William027110 күн бұрын
Reported and downvoted for clickbait title. Everybody remotely interested in the topic knows every single one of those. Why don't you try to teach us how to turn on a computer while you're at it.
@PatchCornAdams723 Жыл бұрын
What's the most schizo way of recording your private keys? I'm at the 'engraved steel washers on a bolt' level myself.
@RhettReisman Жыл бұрын
Lol. Just metal plates haha
@hansmuster43178 ай бұрын
What if you level up your bed by making it?
@RhettReisman8 ай бұрын
Jordan Peterson over here smh
@hunterhankie15753 күн бұрын
make your bed.
@PA-sb5ou Жыл бұрын
👍
@RhettReisman Жыл бұрын
🤙
@lirands27307 күн бұрын
Did not help at all.
@yungdkay10086 күн бұрын
What exactly are you looking for??
@Manikese7 күн бұрын
You missed the #1 thing people don’t know about hardware wallets; your assets aren’t actually on the device. It just holds the keys to move assets from one address to another.
@Susan0000007 Жыл бұрын
I just cannot give this guy my trust. He has an unmade bed and teenager posters on the wall. If he cannot care enough how he presents himself to his listeners or does not know how to appear more business like, then he may be presenting an accurate little lesson on how hardware wallets work, but missing some very important variables because he does not have enough awareness of the big picture.
@RhettReisman Жыл бұрын
😂🤣 Which poster is the most teenager?
@neildutoit5177 Жыл бұрын
This didn't age well.
@RhettReisman Жыл бұрын
What about it didn’t age well
@theekman Жыл бұрын
New ledger closed source firmware update allows your private keys to be sent to 3 trusted 3rd party sources for recovery if needed. Ledger says its an “opt in only” service, however they have said for years it wasnt possible for private keys to leave the secure element chip. So if its possible now or after an update since its closed source it may have been possible the entire time and may not require an opt in. Basically its not even a cold wallet
@RhettReisman Жыл бұрын
This video isn’t about ledger + I think a lot of the ledger stuff has been blown way out of proportion. That being said I would feel uncomfortable using it as single-sig and haven’t for years now (way before this announcement). Doesn’t change that it’s the most accessible hardware wallet (arguably the subscription service makes it even more accessible)
@juki638x7 күн бұрын
What’s with the corny thumbnails in crypto videos ? They just look unreliable and cartoonish
@bradebronson8835 Жыл бұрын
This aged well...
@RhettReisman Жыл бұрын
I agree. I am a genius
@ourhealth58819 ай бұрын
My cold wallet got hacked and it’s cold wallet !!!! And it’s locked !!!!!! Not safe
@RhettReisman9 ай бұрын
How did it get hacked? Which cold wallet?
@baronsilverbaron757 Жыл бұрын
Anyone that gets paid for recommending something is best ignored.
@RhettReisman Жыл бұрын
Less than 1% of the money I made last year came from hardware wallet and exchange referrals. 0% of the money I made last year came from paper wallet referrals - maybe you should buy a paper wallet, I’ve heard they’re very safe, no one ever forgets them, and they don’t pay any KZbinrs.
@baronsilverbaron757 Жыл бұрын
@@RhettReisman I've got a Bitfi.
@RhettReisman Жыл бұрын
Idk what that is. Edit: I looked it up, no private keys = 🚩🚩🚩🚩