How to Protect Your Bitcoin Before It's Too Late (Essential Security Tips)

[@CalebLeverett]

My anxiety just cranked up three levels from watching this.

[@BitcoinAndChess]

@@CalebLeverett that's a sign that you aren't storing your money on your own wallet. It's an easy fix. Get some peace of mind and buy a Blockstream Jade.

[@baleshwar6320]

Not required. Jump off at peak and buy some properties. Keep some in bank account and come back at bottom. Discipline is the key word. Andrew Jikh lost all his crypto in last cycle despite all this knowledge. Lol

[@justinj452]

​@@baleshwar6320 when's the peak again? Lost my crystal ball.

[@SniperLogic]

I had to jack up my Valium dose. How to keep up with all these ‘layers’ of security? 🤷‍♂️

[@hannajulianerix7937]

😂

[@MCPlatinum-MCP829]

I bought bitcoin at $40k on robinhood. I'm over here storing it on the sketchiest brokerage

[@zombie1864]

How is Robinhood the sketchiest brokerage?

[@ArquelCudia_xAMTCx]

Why Robinhood!?!?!? That's a terrible move to do!!!

[@kileNoe]

​@zombie1864 you weren't on robinhood during gamestop?

[@ÐOGECOlN]

get it out there jeez

[@shuvo8146]

don't sell now. make sure to store it on cold wallet in next bear market...

[@poba.g]

I hope the wallet passphrase you showed on screen had a nice little gift to the first person who noticed it

[@EmmaGassmann-zc3xs]

BRETT and XAI220A are ATH kings. Thank you for making my day with your POV

[@justinlinn1810]

Not gonna lie a weird look for a BlockFi guy to be giving security tips.

[@josephw3855]

I used BlockFi cause he suggested it, and then lost about 25k because of it. I'm sure others lost a lot more

[@EarthCurrent-f5i]

I lost 3k but I understand that it was a risk and treat it as a lesson. All my crypto is on a ledger now

[@chantzmoore781]

Huh

[@thanks4that261]

What a weird look for a guy to blame a stranger because a company went bankrupt...

[@jepsparow9363]

hey if someone in youtube, told to eat shi1t will you eat it. dont blame other, it yourself do the decision. every in crypto is risky

[@LizieDotterer]

Picked up my XAI220A at $0.3 already running to $1. Life saver!

[@HarryRodriguez-uh8gn]

Thank you Maren hilda Arthurs

[@AnardaAllridge]

Been collecting the XAI220A this cycle as that has the right place in this time

[@SantinoBarreto-oe4ip]

Elon knew the XAI220A idea and the key changes coming with it, better be prepared for a large run

[@UOYABAYOU]

I already own all of it

[@WorkhardHDLBTC]

Thanks for doing a video on basics of BTC Security. Also Thanks for the hard work Andrei and knowing that hardware wallets don't actually have you coins on them.

[@dimitarmilenov7677]

You should make a video on time locking bitcoin.

[@Leon19400]

Thanks for the continuous update!! Bitcoin is on its way to breaking records, getting closer to hitting new high prices, showing that it's gaining more value and could go even higher than we've seen before. I am super excited about how my crypto investment is going so far, making over 35k monthly is an amazing gain..

[@AkbarMia-k6p]

Hello, I am very interested. There are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?☹️😐

[@RealBill-tv8hf]

I'm a newbie and l've lost quite a token on my own. Please how do I go about it, the year is almost coming to an end, how can I make wins?

[@ChrisEdison-vo2oq]

Wow her name is also mentioned here? Geraldine Ann Phillips is a remarkable individual whom has brought immense positivity and inspiration

[@natangashu2276]

The very first time we tried, we invested 5k and after some weeks, we received 19k. That really helped us a lot to pay up our bills

[@Susanhan885]

YES!!! That's exactly her name (Geraldine Ann Phillips ) so many people have recommended highly about her and am just starting with her from Brisbane Australia 🇦🇺

[@danielchong1881]

Sounds too complicated

[@BitcoinAndChess]

It's not really. There are many tutorials on KZbin which go through it. It's really worth it.

[@HtPt]

HFSP

[@user-zp4bo9fs7b]

Let's hope the person trying to steal your tokens thinks the same thing

[@deleon9k805]

NGMI

[@realAfrican]

If you don't want to lose your coins you'll learn

[@Novakissla]

What’s your take on xrp?

[@RyanLitwiller86]

Great video, what I think is more challenging is how do you keep your crypto secure while allowing a feasible plan for it to be transferred in the event of your passing?

[@Vikturneer]

Kudos Andrei. 43 here with a good investment plan that ensures steady income without any doubts I and my lovely wife are prepared for a well organized retirement. I started investing in crypto a year ago and so far, I am making a good yield on my dividend. I've learned that getting a good return is very much attainable only if you know your way around it.

[@Novakissla]

You say it like it's easy forgetting that not everyone is as lucky as you are. I've traded cryptos for months now without any progress. How are you able to do it?

[@Vikturneer]

Jonas Herman, a CFA is whom all praises should be given because since I got on his program, I've made over five figures and still counting.

[@Sammytammy192]

That's your view. In my experience, there is no such formula, it is nearly impossible to achieve success with crypto. It’s all just gambling.

[@Lilybee931]

I'm green in the crypto space. I work most of the week and barely have time to myself. I'd like to use mentorship. How can I get to him?

[@Vikturneer]

Hermanw jonas that’s his gmail okay

[@misha_marko2509]

So once the new wallet with 25th word is created, you have to send your assets to that wallet?

[@dalltex]

Yes.

[@tom10010]

What is your take on the fact that ledger could possibly acces your key using recover seed phrase function they proposed? Also it's not open source...

[@Elite4GamingZ]

can i not just keep buying bitcoin on coinbase and leaving in on coinbase? didnt realize it was a big deal and needed all these extra computers and passwords to have bitcoins

[@thanks4that261]

Coinbase has your bitcoin in their pockets, they allow you to access it. If they go bankrupt or disappear then you won't be able to get it. Personally I don't think there is anything wrong because coinbase is an American publicly traded company

[@ggangpae4520]

Not your keys, not your coins

[@Sec_coach]

You can These people don’t understand that before Coinbase breaks people with much more money than you gonna lose billions Coinbase is 100% fine

[@1605x]

Never, ever do this. Ever.

[@Hmmm313]

Just use Tangem

[@issiewizzie]

I know a guy who bought two bitcoins sadly he passed and the family has no clue how to get access to it

[@shuvo8146]

Can you make a video about How US bitcoin strategy will effect future crypto bear markets and blockchain adoption? Thank you

[@HtPt]

There is NO more Bear market , there will be waves but not as a bear M.

[@shuvo8146]

@@HtPt believe it last time. not anymore. i will sell this time.

[@HtPt]

@@shuvo8146 sale now cry later . As long you happy. Good luck

[@stampedetrail2003]

Isn't it right that thumb drive memory decays over time?

[@Sec_coach]

It’s right but you can recover if you have the seed phrase in another device The issue is how to keep the phrase safely stored that’s the hard part

[@Shabyexplores]

I have no BTC, why did I watch this until the end?

[@david-fletcher]

How and where does Saylor keep Microstrategy’s BTC? Just can’t imagine him with seed phrases and wallets

[@paulreinhold-]

In the past they said “3rd party custodians” and these companies usually store it in some form of multi sig wallets.

[@syfodias-jedimaster]

​@@paulreinhold-is sailor btc public?

[@Sec_coach]

He use custodians for that There is no way these dudes self custody billions of dollars😂

[@Sec_coach]

@@syfodias-jedimasterno

[@PremaDelpi]

@@Sec_coachit’s because of regulations. Pretty sure they are secretly owners of the company’s that custody their BTC. Or at least have power over the owners. They wouldn’t risk that much money

[@danrich6448]

"These are not the Bitcoins you're looking for." Pulls cloak over head and runs away.

[@Rj-nh1df]

Hopefully he's on RUMBLE soon

[@3pdad]

Can you only set this up with a ledger, or do other storage devices allow for this?

[@Ace2021]

There are numerous other cold storage companies. Trezor, Tangem, cold card, etc.

[@dcd6115]

@@Ace2021 Right but does the Trezor have the same secret wallet feature that Andrew is highlighting on his Ledger?

[@dcd6115]

Ok, I found the answer and it does. A "secret wallet" is just a password to access your Trezor, Ledger, etc. Not sure why they have to complicate things by calling it a "secret wallet". It's just the password to your device. That's it. Much like you have a password to get on your computer or phone.

[@Hmmm313]

@@dcd6115nuh. You can move your tokens there too…its not just a password😅

[@ricardojmestre]

​@@dcd6115thank you!

[@StevoJacobs]

So glad to see you posting videos again Andre (and glad you're feeling better). You do such a great job man, keep up the good work! 100k tomorrow!

[@AndreiJikh]

Thanks man, appreciate you! :D

[@Priest_Of_Zebak]

Tomorrow? This must be your first or 2nd cycle, ayee?

[@StevoJacobs]

@ 3rd. Likely this week if not tomorrow is my guesstimation. Hopium is strong.

[@stevennicholas5472]

@@StevoJacobs That's not hopium, that is greed. Currently at 86.

[@robinchat9024]

The saying “tomorrow never comes” springs to mind lol😅 But we’ll wake up and it will be today 😂

[@ikust007]

Bravo Andrei. Very important vidéo

[@andreimitrica77]

Thanks G

[@jerrysaintvil9680]

What is the name of the ledger you are using? I have SafePal but I’m looking to buy a different ledger.

[@Joegolberg1]

You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months sometimes less and now they are multi millionaires. I pray that anyone who reads this will be successful in life.

[@Joegolberg1]

GREGORY LEO CATTEL is the licensed FA I work with, I can't speak much about him you should make a search with his name, you'd find the necessary details to schedule an appointment.

[@Benjaminarmstrong684]

Gregory Leo Cattel success can be attributed to his unwavering dedication to setting realistic goals, expertly navigating clients through complex financial landscapes while avoiding the pitfalls of unrealistic expectations.

[@Justinfred11]

Glad to have stumbled upon this, curiously inputted him on the web, easily spotted his consulting page and was able to schedule a call session. Ive seen commentary about advisers but not this phenomenal

[@cadacosa7]

Ummmm… I guess this could work, however what if you have amnesia , how would you solve for that possibility? What if you cannot follow this video?

[@jack7240]

Andrei how do you safely sell your crypto if using a ledger cold storage wallet?

[@theowenssailingdiary5239]

Nothing wrong with covered calls.If called away you re-buy straight away. Just risking upside- nothing else

[@seriousbutfunny2]

What are your thoughts in multisig? And or multisig collaboration services?

[@aurinator]

Calls aren't available for at least the Grayscale ETFs, but they do appear to be available on some of the smaller ones on at least Fidelity. My point is that it really doesn't seem like most would even have the ability to sell Covered Calls on these Crypto ETFs.

[@goldfishstopf9830]

And ledger is still safe to have your bitcoin 10 plus years?

[@survivorhistory1]

Hey andrei love your vidéo what do you think of the tangem wallet ?

[@user-245er4ud]

Bitcoin jumps and drops 10k all the time. It is currently at 91k, it will break 100k soon!

[@denniskarau3781]

And then a major pullback will ensue!😂

[@tjmooney4181]

Acquire as many satoshis as possible while uneducated people still accept dollars for them 🎉

[@johncardussi]

Having lost a lot to Voyager, this needs to be said at least once a week.

[@AtubewatcheR]

I wish you would have discussed MPC wallets like Zengo (no seed phrase). Would have been really helpful. LMK if you want to talk about it.

[@Tommy-xs4zq]

What am I missing… why not hard wallet in bank safety deposit box?

[@JordanCricketMoore]

Not recommended if you live in a natural disaster prone area. Fires, floods, or tornadoes can all destroy a bank property.

[@DragonXDrei]

Now, what do you do if you diversified... and you have just as much SOL, ADA etc as BTC?

[@joshuastanley919]

Need to learn how to protect my money

[@MichelleCarver-yg5pd]

I'm favoured only God knows how much I praise Him, $230k every 4weeks! I now have a big mansion and can now afford anything and also support God’s work and the church.

[@JosephAlexander-im1sl]

Only God knows how much grateful i am. After so much struggles I now own a new house and my family is happy once again everything is finally falling into place!!

[@StevenSchwander-ql8fw]

Wow that's huge, how do you make that much monthly?

[@IsaacFlanders-uh2ud]

I'm 37 and have been looking for ways to be successful, please how??

[@JessicaMaria-hm2lf]

[@MichelleCarver-yg5pd]

I will leave her info below this comment.

[@ConcreteAlchemy]

What if you dont use a ledger?

[@jbalz0859]

Buy a trezor

[@JasonWinston-hy5vl]

"once it's more valuable I want you to hold onto it and not sell it" There you go fixed it.

[@NyteOwl]

Have you made a recent Video on Microstrategy 21 21 plan? Their execution, btc yield and long term plans?

[@dcd6115]

No mention of fire in this video, which must be taken into consideration along with theft.

[@maureenviola]

THANK YOU ❤

[@alexstraz]

Just buy futures of bitcoin and roll it

[@MonteiroAmanda90]

Is there a hands on crypto course?

[@jerrycruz4824]

Using cold wallet like Ledger is the best way for storing Crypto

[@mikeg6058]

I would never trust ledger.

[@Mason-mj3qr]

Until you lose it

[@kosinarm]

@@mikeg6058wat do you trust

[@jenko508]

what's the issue with ledger ?

[@Whitespeaks]

You gotta be joking ask them to recover your key even tho its supposed to be private 😂

[@END-THE-FED]

Also, memorize your seed phrase and don’t tell anyone that you have bitcoin or that you have memorized your seed phrase.

[@zinzayzinzay3085]

If you can't use a cold wallet download a hot wallet

[@tjmooney4181]

Awesome video thanks so much for caring about and helping us little guys 🙏

[@Kiki-lp6sr]

I just buy btc etf. Having phrases and complicated passwords and still getting hacked is nuts.. I ain't memorising or storing 20 word passwords around my home and still getting hacked.

[@NWforager]

i don't doubt this gets throttled back .

[@justinrojas4357]

Cold Wallets seem so confusing . I need to learn

[@BitcoinAndChess]

BitKey is supposed to be very easy for newbies. I have no personal experience with it though.

[@calebcarl8919]

i need help, is there any way to turn a flash drive into a wallet?

[@biishoyyy]

Write seed phrase on index card, open up keyboard remove pcb and put it inside the keyboard case and reassemble the keyboard

[@Mike_Affholder]

For all the hoops you have to to jump through to own this id rather just buy gold

[@user-ic6xf]

The ColdCard Q is awesome

[@2023gainer]

Deliver the Knowledge. Thumbs Up video/; comments.

[@christiaanbotha6247]

How about not buying bitcoin from an exchange and stick with Investment companies like Fedility?

[@ryanraines1469]

Do we really gotta move it off if it’s on Coinbase?

[@BitcoinAndChess]

YES! Especially if it's on Coinbase. They are the custodian to Billions worth of BTC (holding for almost all ETFs and Microstrategy) and are the biggest honeypot for hackers to attack. It's just good practice to take control of your own money. If it's gone, it's never coming back.

[@ikust007]

A honey pot.

[@ConcreteAlchemy]

Lost some , BTC on coinbase. They say it got hacked,,,, but who did the hacking? Get it off ASAP

[@joefunk76]

The biggest concern with Coinbase isn’t being hacked as they store most of their crypto in cold storage. The biggest concern is that they confiscate your coins for some reason or another. They are basically the government as they will do whatever the government makes them do. Remember what happened with gold in 1971? It was effectively confiscated from civilians. Not your keys, not your coins.

[@bullfrogoutdoors2666]

So is Coinbase wallet not an acceptable option? If you bought some and transferred it from Coinbase exchange, to a “Coinbase wallet” app that is not considered safe?

[@bonairerentals2440]

The 25th word example is on trezor device... only?? Not any othe hardware wallets?😊

[@SAL-fs1mr]

I know coldcard has it too

[@GSum-sq1dp]

How safe is Bitcoin on cash-app?

[@SAL-fs1mr]

Like all exchanges, plan on moving the funds to a hardware wallet once it becomes a significant amount for you.

[@9KateMoran]

Thanks for the educative video I'm so glad to share my experience here. I first got into BTC back in 2019 and I was hodling/buying sats at different price points. but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 170k and I’m up with 560k in a short period of time all thanks to Laura Brockman.

[@9KateMoran]

She mostly interacts on Telegrams, using the user-name,

[@9KateMoran]

@LauraBrockman

[@Alanceron7]

Nice info, i appreciate your concern this will help a lot especially to the young bitcoin investors who have no or lesser knowledge on how bitcoin market works.

[@laurenPalma]

Everyone needs more than a Basic Income to be Financially Secured in this present time that there's an Economic Decline.

[@Louisochoa]

Laura has delivered solutions above my expectations over a year we have worked together. I would refer her in all forms.

[@MichaelK-ir8gk]

Thanks for posting this, Andrei!! All the best ✌️👊

[@user-245er4ud]

Can the TSA really detain you for transporting a crypto wallet? It is no different than transporting a debit card.

[@jozuzl1]

Wow you finally made a course🎉I thought I’d never see the day!

[@svendhanijns5357]

Ok 👍 getting closer to VEVE video!

[@BitcoinonBalance]

Protect your bitcoin! This is great advice!

[@Marshall_Macro]

Finally, took Kevin’s advice to make a course! Nice work 🔥

[@Andy-si1pl]

how was Sam Bankman Fried any different to what a bank does with our money? Is it the risk factor?

[@yamazakitakahiro5515]

But can you charge your phone using the hidden wall plug?

[@NWforager]

no . not that one . its basically a glorified hole in the wall .

[@L4rry3D]

@@NWforager I see what you did there

[@m0rmsbee]

keep the 300 black nearby also. ;)

[@devonneshort4749]

Love the 100k in your thumbnail🥰.BTC will pass the 100k😍🤩

[@devonneshort4749]

Self-custody is so important I have the Tangem wallet and never tell🤫how much BTC you own.😊

[@tothemoon8465]

You really explain this in a very soothing way. Low anxiety levels. Also great that you actually showed the whole extra pin/passphrase setup. Thanks man!!

[@1Billyon]

Thanks Andrei! This video guarantees that I will never buy Bitcoin! Humongous Headache!!😳

[@The_Flamekeepers]

3:38 I'm a daily options trader and you are incorrect / misspoke when discussing covered calls. If the price of the underlying asset exceeds your strike price, you do NOT lose your asset for less than it's price today. You capture all the upside up until your strike price and don't get any appreciation beyond that. You are correct that owning a Bitcoin ETF is 100% not the same as owning actual bitcoin on the blockchain. Definitely recommend owning your Bitcoin in cold storage on a Ledger or equivalent hardware wallet.

[@Sniper21361]

How can you transport your wallet when your cryptos are stored on blockchain ?

[@SAL-fs1mr]

Your transporting the private keys. Those keys are what enable you to move the coins on the blockchain.

[@Sniper21361]

@ if you memorise it then you don’t need to transport them. Simple as that

[@funnyali5]

the intro was nice af

[@fritagonia]

Hmm is binance not safe or coinbase to store coins?

[@andreidinga-reassi4667]

You are a Genius !

[@MJLGEE]

Thank you, Andrei! Wonderful info

[@melodramacaminante]

Thanks.

[@darrendent8288]

@7:54 and this is why people think the Bitcoin people are a little bit “out there”. Its true in regards to guarding it. but we can see why Crypto people are labeled as “crazy” most of the time.

[@tombeacher9667]

Remember when you shilled OMI?

[@holymoly8265]

That beginning was hilarious

[@Ozmni11]

Good looking out! Thank you for all of this information because I did not know. I'm looking at the positive side but not the things that can go wrong.🤩

[@TheRealBallista420]

So wierd andrei i was just researching hardware wallets and you upload this xD

[@azutreo]

Literally same

[@WorkhardHDLBTC]

@@azutreo literally same

[@thanks4that261]

This video will likely save a lot of people, thanks brother. Great work!

[@TracySifuentes]

Alemio Network is on the radar of major crypto players!

[@tomr9663]

We need a dogecoin millionaire update when it hits new all time highs.

[@nicob509]

Video starts at 2:53. You're welcome

[@TRAPfrica]

Did he just mention bonk!

[@Bchew762]

Why is it worth it to go through all this? Unless you have millions

[@BitcoinAndChess]

You wouldn't believe what time does to any modest Bitcoin amount. It gets there eventually.

[@Sec_coach]

You are right for most of us it’s just stupid

[@Talinthis]

Imma make an Indiana Jones labyrinth for mine and put it on a pedestal that activates a trap if it is removed

[@BitcoinAndChess]

@@Talinthis Just make sure you buy the biggest, heaviest round boulder. That's the key.😀😀

[@Mojoriser]

Ok I just spent 30 minutes getting dumber. I have no clue what all of that meant.