Hardware Wallets Explained, Reviewed and Compared

[@99Bitcoins]

CAUTION!! Many scammers are using the comment section to promote their scams and sometimes even use the name “99Bitcoins” in their profile. Never send money to someone you don’t know and don’t accept offers to trade or exchange cryptocurrency from strangers. Stay safe 🙏🏻🙏🏻🙏🏻

[@gogoalakazam2973]

u ur right.

[@lenard3935]

I subscribed in the hope that you make a video explaining how it can be that the pass phrase can allow access to your coins through any device?

[@aBoogivogi]

The biggest scam here is your claim that a hardware wallet is to dumb to be hacked. Everyone who works in IT and deals with security knows that this is a horrible conclusion. In real life the opposite is often the case. Specialised devices with a small user base usually have far more undiscovered weak points than big software as long as said software has an open code base which anyone can review. Additionally if all you have is a hardware wallet you have no redundancy. 4 cheap run of the mill memory sticks storing your keys in a KeePass container or even on a partition with regular BitLocker encryption is as secure as any hardware wallet. Sure it may not have a fancy little screen where you can do the actual transactions, but that's not really relevant.

[@DiandraStarShine]

@@aBoogivogi and also: YOU should be the guy who gets hired to be one of the 'white hat' hackers who gets hired to test these cold-storage systems out. b/c this has been my similar concern/question: don't we have to be online, at some point, to shift our BTC, for instance, from an online wallet to an offline, self-storage wallet?? to a paper one *and/or* one of the offline hardware choices like a Trezor or Ledger option - or whichever one we might choose? and then to later send it via the internet somewhere else? because even if we go offline, we could still be sending some kind of an exploit straight to our hardware wallet. and I've no idea if this guy is getting PAID to endorse one or more of these wallet options - but he also endorses the nightmare that is the Coinbase exchange [the Coinbase Reddit page + other sites say it all, which I wished I'd known about before I recently 'gave in' and signed up with them 😖]. I also have no idea if you, yourself, are pro or con BTC/crypto..but point being: you bring up some very serious concerns, imho. and I had *at LEAST* one of your same signficant thoughts - and I can *appreciate* open source software, depending on the context/situation, of course..but re: THIS kind of scenario: it DEFINITELY seems that 'open source' means that any bad actor could exploit that factor and find a way in..through the back door? the side door?..you get my meaning? and I'm still working that crypto learning curve, for sure..but I'm not certain I agree with the video content that the hardware is safe. b/c it seems that being online, somewhere in the equation, is required in order to transfer funds *to* and *from* a cold-storage hard wallet..or that even a hard wallet, itself, is only minimally, potentially hackable? since it seems ANYTHING is hackable! as I believe Edward Snowden and the NSA have, for all intents & purposes, pretty much proven😐👩🏾‍🏫

[@clivenjagua6183]

Nice one man. Can you please do one for Privi Protocol?🔥🔥🔥

[@wolfharthiphop]

Give this man a pay rise... He explains everything so well.

[@supermodelatlanta1354]

Here here 🍻

[@ehrix4468]

He probably got one with Bitcoin

[@lillianmoan8920]

Truly. He is doing the lord's work

[@winstonsmith6204]

He explains it in 10 minutes when it takes everyone else it take 40 minutes. . . . like I want to sit that long.

[@redpill7623]

This guy is already has VIP seat in heaven with Jesus

[@Tmorriso_]

Just wanted to say that was the best hardware wallet explanation video I've seen! Outstanding job on explanation and execution. I teach tracking and tracing Crypto and have seen a lot of videos get it all wrong. You video was spot on! Again, great job!

[@thomaspick4123]

Tony Moore Just goes to show, today’s young geeks are ruthless criminals. Always trying to hack, steal money, sent viruses. What a generation of garbage people. Why? They were raised in divorced households. Never went to church, no religious training, no social values, no moral conscience. Geeks think steal several million dollars, then set for life. No thought for the human suffering they are causing. People worked hard all their life sweating, then the young geek comes along and robs them. Death to the criminal young geeks! Also, crypto is not easy to understand. Peter Schiff, a smart investor lost his key, hence all his crypto money. Now he hates crypto. Too bad. We need everyone to use crypto, not just the young geeks. We need trainers to show us what to safely and carefully do.

[@bryanwhite5878]

@@thomaspick4123 I completely agree with you, I spent almost a year on crypto currency before getting the heck of it and I have just one person to be thankful to and I'm sure most people are familiar with the great cryptomark 100%

[@Zyrobeatz]

Have finally found a trusted investor I met him 0ň !ňśtą . I invested 500 $ and got 900$ within 24 hours.Thanks to keypoint101

[@HAFBeast91]

Don't buy a Ledger Wallet. I bought a Ledger Nano S and X and my X is defective, I requested a refund and they want me to pay $50 for shipping back to fucking France. Stupidest customer service ever.

[@daquandai2486]

I earn 4% interest for holding bitcoins on the axisoption,com wallet service.

[@globalgratitude556]

I’m so glad I stuck around for the bloopers at the end! As a fellow content creator I’ve got to give you props for not cursing haha

[@jedskillz]

He seems to be that guy that doesn’t curse.

[@geraintlewis7646]

Clear and easy to understand explanations. Thank you.

[@HAFBeast91]

Don't buy a Ledger Wallet. I bought a Ledger Nano S and X and my X is defective, I requested a refund and they want me to pay $50 for shipping back to fucking France. Stupidest customer service ever.

[@thisismambonumber5]

man I've seen some of your videos and I just love how you approach these matters without feeding us advertisement, hype or shilling some shitcoin, like most youtubers do, really great informative work, thank you.

[@petrolo72]

Straightforward explanation in layman‘s terms. Fantastic job.

[@Zyrobeatz]

Have finally found a trusted investor I met him 0ň !ňśtą . I invested 500 $ and got 900$ within 24 hours.Thanks to keypoint101

[@petrolo72]

@@Zyrobeatz OK take my credit card number. I am DM’ing it to you right now. 😏

[@JerryDoe]

My preferences: Trezor for transactions on the PC and big amounts to hodl, Safepal if you need to pay for a coffee with your phone small amounts

[@TrillAntho]

Satoshi really went crazy. Can’t believe how ingenious this tech is.

[@nicksvaik]

Do you think he came from the future?

[@Kitulous]

@@nicksvaik no, I think Satoshi Nakamoto is actually a group of very, very, veery intelligent people, probably some mathematics, cryptography and IT experts

[@is-qs2ej]

@@Kitulous this is my first stop when memes make it to youtube.

[@milxasap7412]

@@Kitulous Possibly each initial of "Satoshi Nakamoto" is the initial letter of the name of each person of the group :D

[@guyvanburen]

👽

[@GlobalExchangeOfficial]

This channel should have millions of subscribers. 1 stop shop for everything crypto. Im completely crypto literate now thanks to this channel

[@cyka_delik9537]

#4 - Another very unusual, but possible, attack is the $5. Well this refers to when someone physically threatens to hurt you with say... a $5 Wrench if you don't hand over your hardware wallet and unlock it with your PIN Code. In order to protect from these kinds of physical attacks certain wallets come with another layer of protection called a "Loaded 45 Caliber 1911".

[@bulldaddyxrp107]

He's absolutely right.....all my wallets come with one

[@DiandraStarShine]

you've watched too may episodes of *"Homeland,"* [USA version], for sure!🙄🤦🏾‍♀️ but Carrie *DID* get her computer access back, LoLoL!! because she's too *'CRAY!!'* to be afraid [much more than the extortionist!] & she's brilliant!! *and* I've delayed it for far too long as: I'm about to watch the FINAL episode..and if you've never seen the show, then do yourself a *temporarily-distracted-fom-COVID-19-favor* & take the time to catch up on *all 8 seasons* of it & *buckle UP!* 😁

[@heatpete5106]

You obviously live in the USA. In Canada here where I am easier said than done. All though you can obtain a .45 it isn't easy that is for sure so most use bear mace, replica guns, brass knuckles and nunchucks. ✊

[@IceKube9]

a 2nd amendment ppl! :)

[@cristianbejan1970]

I've just finished the The Complete Beginner's Crypto Crash Course :) It was awesome! Thank you!

[@ericoslo899]

hey Nr ks have you tried any of the of the hardware wallets yet ? if you havent tried any of the wallets yet then you must give a chance to walahala hardware wallet which is one of the most secure wallets ever. It provides so many features including direct connection to live exchange. Here is the link to their demo account : walahala.com/downloadDemoWallet

[@loveandbaconbrian1901]

You’re a great teacher thank you! Teaching is it’s own skill...

[@jopadjr]

Thanks Nate... Happy New Year !!! Great video again mate... !!!

[@HAFBeast91]

Don't buy a Ledger Wallet. I bought a Ledger Nano S and X and my X is defective, I requested a refund and they want me to pay $50 for shipping back to fucking France. Stupidest customer service ever.

[@m3ntas]

Thank you so much I am new in this world of BTC, and this video is awesome! 😃 Greetings from Spain!

[@HAFBeast91]

Don't buy a Ledger Wallet. I bought a Ledger Nano S and X and my X is defective, I requested a refund and they want me to pay $50 for shipping back to fucking France. Stupidest customer service ever.

[@umarsebyala9920]

Thanks Ned, really well articulated educational video on hardware wallets!

[@HAFBeast91]

Don't buy a Ledger Wallet. I bought a Ledger Nano S and X and my X is defective, I requested a refund and they want me to pay $50 for shipping back to fucking France. Stupidest customer service ever.

[@NuNuRokd]

I need to watch these like 10 times. As soon as he brought up the example of stolen wallet, just use your phrase and move to a knew wallet I got anxious like wait how do you do that..... Ahhh... So much to learn.

[@Ripley-wp7he]

Great info, fun bloopers passing this along to family, for better understanding👍🏼thx!

[@TrivikramGajulapalli]

Man .. you guys really explain it very well. Covering all scenarios and common questions

[@TALKCalgary]

Two questions. 1. If the hardware wallet you are using generates the seed phrase at setup could this not be exploited by the producers of the said wallet? 2. In view of question one, would it not be more secure if the user (and not the manufacturer) chose their own 24 word seed phrase using the BIP39 word list? Especially in the case of certain manufacturers such as Ledger who don't provide fully open source code. Personally, call me old fashioned but I still feel paper wallets produced offline using a dedicated PC and printer provide the best cold storage option. KISS

[@volvo09]

Great explanation! Thank you!

[@waynej4962]

Ive skimmed over you're vids a few time. Glad I watched this one.

[@linayang8365]

Thank you all for your suggestions

[@ougawougajr.4983]

You give me 99 Bitcoins? Wow. Generous. Had more on my wallet back in the days.

[@NathanHQ]

I think its also important to understand that there is no 100% safe method to owning crypto. You still run the risk of losing this hard wallet. It will come down to personal preference in the end.

[@martinlucero9594]

Dear champ... can you tell me or guide me or maybe you have some video where you teach & speak about what I want to know... I wonder how to go from a private key to a seed mnemonic phrase.... could you tell me? Regards!

[@aaronjowen]

This is a great explanation, the only additional question I have is if the coins are currently on an exchange like Coinbase or with a broker like Voyager, earning interest; does a hardware wallet "remove" them from that account? Or do they stay there still able to earn interest, but are only able to be sent from that account with access to the hardware wallet?

[@rd_eli]

I had the same exact question. Do you allready have an answer to it?

[@Gregsgreatfood]

I was wondering the same thing 🤔

[@jsfranks840]

The coins change ownership from Coinbase (or whatever exchange) to you so they are withdrawn from the interest earning account. In my account you have to withdraw from the interest earning account to a trading account then withdrawn to your wallet.

[@Ms.K001]

Thank you for such a comprehensive, yet easy to follow explanation!

[@muruks007]

Can you do a video where you use seed from ledger and restore the funds in other company hardware wallets?

[@HAFBeast91]

Don't buy a Ledger Wallet. I bought a Ledger Nano S and X and my X is defective, I requested a refund and they want me to pay $50 for shipping back to fucking France. Stupidest customer service ever.

[@silentbliss7666]

@@HAFBeast91 What about Trezor?

[@raymartinek4777]

Easily the best crypto learning site out there!! Clearly explained without a lot of garbage in between. Good job, Nate!

[@Rahul-ym9uh]

This is one of the best explanations of any crypto-related concepts I've ever watched.

[@JesusIsLordLasVegas]

O.K., so many questions...forgve me for the dumb questions: 1) Are hardware wallets only for Bitcoin, or can any crypto be transferred to one? 2) How would I transfer my coins from, let's say, Webull, to a wallet? Is that even possible? 3) Once my altcoins are on the HW wallet, will they still be subject to market fluctuations? 4) How would transfer my coins off the hardware wallet & back onto an exchange, say Webull or Coinbase? Thank You!!!

[@1018Stacey]

Thanks for all this valuable information Nate. I understand the whole process better with your help and our oldest son Nick. 💕

[@Zyrobeatz]

Have finally found a trusted investor I met him 0ň !ňśtą . I invested 500 $ and got 900$ within 24 hours.Thanks to keypoint101

[@zomfgeclipse]

Years later and still so useful

[@fahimimtiaz2153]

Man, I love this dude(no homo). This guy makes videos for dummies like me

[@RodolfoAPozo]

What a great job! Thank you so much for your information!

[@HAFBeast91]

Don't buy a Ledger Wallet. I bought a Ledger Nano S and X and my X is defective, I requested a refund and they want me to pay $50 for shipping back to fucking France. Stupidest customer service ever.

[@ChiIeboy]

@@HAFBeast91 You obviously didn't buy it directly from Ledger. Stupidest customer purchase ever.

[@Kent__the_Baker]

Enjoyed the bloopers, You make it look easy but it is a lot of work.

[@larrygenedavis]

This is a good video and explains a lot . However the use of this device to make a purchase seems too complicated for the average person. Bitcoin may be a great investment but its use as a currency doesn't seem practical for normal everyday shopping.

[@gusleota-seiuli4516]

Thanks for all your videos Nate. The BEST info abt crypto currency etc...on YT atm. Very grateful that I've found your channel. Will continue watching them daily to learn more abt this topic. Keep up ya great work! Much appreciated! Chuuurrrr!

[@crazydaizy915]

Thank you for a clear to the point explanation!! Finally cryptocurrency lingo in plain English!! Lol

[@g6mogulthepeoplesmogul]

Great video!! I have one question. How would you fund the wallet with cash. Does the wallet have a platform to do the conversion? What would that fee look like ? Is there a transfer limit? Sorry I had more then one question 😃

[@chefc3023]

The $5 wrench attack is my fav

[@jaerivus]

@02:45 Did this guy totally sneak in a "meow"? Expertly stealthy.

[@Bitcoins-dw5wc]

W*H*A*T*S*A*P*P ** M*E****°°°°°***** +1*9*1*6*2*2*9*6*3*0*4****** F*O*R M*O*R*E D*E*T*A*I*L*S*°°°°°

[@aliceduncan4886]

Really like this no brainer simplified explanation about hard wallets!💪

[@99Bitcoins]

Glad it was helpful!

[@carlynesaintroc4709]

Most concise and comprehensive explanation on YT

[@carlynesaintroc4709]

@@Bitcoins-dw5wc Yeah, just wait for me by the phone...I'm dialing you now😎😎😎

[@vishnuvizz001]

So from what you are saying, if we have seed phrase, then we don't have to worry about private key at all, seed phase can regenerate private key even if we lost it. I'm I correct?

[@99Bitcoins]

ViShNu ViZz Correct

[@the_good_ghost]

You explain everything incredibly well. Thumbs up!

[@jupiterjames4201]

9:00 - FINALLY, THIS IS WHAT I WAS LOOKING FOR

[@Netmndr35]

This may go unseen, but i have a question. I can still access my Ledger app without the nano s plugged into the computer. if i want to send or recive bitcoin i need to plug my wallet into the computer than i can process the transaction correct?

[@heaven-is-real]

Nate Martin reminds me of my teachers in High School.

[@joelee5875]

Me 2

[@enriquemir7708]

hi, i am a new owner, I just found out that you need both hands for making transactions, as a stroke survivor i have the use of one hand only, do you think that I could get away pressing buttons with two fingers of one hand?

[@savvyrb]

Great video explaining complex concepts in a simple way. Thank you so much!

[@camrynhernandez5996]

Thank you so much. You explained it perfectly. I watched 2 other videos and had no clue what EXACTLY it was. Not it’s so simple. Thank you again!

[@Grub370]

Great video, thank you! Those bloopers were hilarious at the end too! Lmao! XD

[@tanakachinawa2824]

Thank you,l am learning a lot

[@lystic9392]

Thanks for all the warnings. It really helps to know what to look out for.

[@Renerator]

Great vid man! Thank u! A never ending debate among Ledger users.....Some say you can put your crypto, any crypto, on your Ledger. I say your crypto is always on the blockchain it purtains to. The Ledger is only there to allow secure transactions and movement of your crypto. Therfore your crypto is not sitting in the device. I would love to have all my crypto sitting in the Ledger if this is possible. Your opinion?

[@enermaxstephens1051]

Unless the additional "passphrase" is always required, one would assume that the $5 wrench attackers would know that wallets have a dummy account function. However, if it's always required, you could plausibly say that it's your only account, and maybe they'd believe you.

[@kenzietheearthling7915]

I finally understand seed phrases and hardware wallets, thank you.

[@jamessmith-hb9ej]

Thank you sir 🙏🏼

[@fabianmarin8514]

Very clearly explained and the visual aspect of the video also helps a lot. Great video.

[@99Bitcoins]

Glad it was helpful!

[@andyvanderbeken3729]

Best tutorial ever. Respect!

[@avq5]

Extremely helpful video. I kept waiting for some basic but key piece of information to be left out but that never happened. Perfect explanation, thanks!

[@DBlackett]

I'm still wondering, are hardware wallets compatible with any software wallets? Can we move coins from an exchange to a hardware wallet?

[@JoceLaGosse]

Ok a newbie question : what good is a hard wallet if we have a ssed phrase? Anybody with this ssed phrase is able to take control. So why a wallet when we can just have a seed phrase memorized or written in a safe place??

[@UncleMouse]

Clear and easy to understand video! Thanks for your information.

[@abdullahmansoor1]

8:30 Does it work with $1 stick attack?

[@emmanuelezeka7236]

A great explanation. I was able to understand the hardware wallet concept in one video.

[@99Bitcoins]

Thank you, we are glad it was helpful!

[@smashtoad]

The more I learn about crypto, the less secure it seems.

[@smokintones420]

you are your own bank you want security....lock yourself in a safe

[@terunabronson6395]

@@DiandraStarShine Thank you for the teachings..

[@3ric3mmanu3l]

This shows you need to learn more bruh , don't talk too much first

[@antkell09]

I'm a rookie, and am finding this all so confusing.... But mate you're you tube is helping immensely. I'm off to Hervey Norman now to buy my cold wallet.... I think,?

[@guitarflash2049]

Hardwallets for sure are safer but still more handy other non-custodial wallets like ownr wallet for example

[@phoenicianbird109]

Great job... Can i keep more than one currency in the same wallet?

[@JUAN_OLIVIER]

Technically if you write down your seed phrases that paper can then also be considered a cold wallet.

[@Zyrobeatz]

Have finally found a trusted investor I met him 0ň !ňśtą . I invested 500 $ and got 900$ within 24 hours. Thanks to keypoint101

[@bdm4614]

great video! really well put together and informative

[@allahkimakichoot]

Absolutely wonderful video. A ton of information in a very simple language. Thank you so very much!

[@russty7569]

Does that mean the seedphrase is more important than the wallet itself? Given the fact that there are additional PIN on certain wallets, it doesnt stop the fact that ppl who knows ur seedphrase can access all your coins. So if u are in a situation when someone forces u to say out ur seedphrase, u lose everything? Can we have multiple seedphrases to act as a decoy?

[@jsfranks840]

You're correct, the seed phrase is key! Sure you could have a decoy. The pin is key too, because once the pin is entered correctly, the device and the private key can now be used to transfer your coins elsewhere. The PIN, the wallet, and the seed phrase are all important. Our teacher mentioned having another hw wallet as a decoy with minimal amounts in it. So if someone breaks into your home and forces you to enter your pin, you just use the decoy wallet and they got the wrong one!

[@1patula]

With recent Ledger Breach of data it’s probably best to stick or start with trezor.

[@froggyfr1972]

Thanks for a clear explanation

[@99Bitcoins]

Glad it was helpful!

[@Glashutte1900]

I think for 2020 the best Hardware wallet is from Japan The Walahala Wallet . this wallet have changed the concept of traditional banking and is an open challenge to the current financial system

[@akant74]

So in order to "sign" a transaction you have to plug in a hardware wallet to into a potentially unsecure device. Doesn't that defeat the purpose of a cold wallet and eliminate the air gap protection?

[@831lifestyle6]

I think the hardware is secure that's why you don't need to necessarily worry about whether are not the device you plug into is secure. For the most part at least.

[@BoxerDogs]

Is there a limit to how much crypto currency value you can store on a hardware wallet? How about the number of different crypto currencies you can store?

[@Andrew-zf3mr]

Mr Martin, you are a legend. Notifications on 🤖

[@salahabuelgassim8868]

The best cryptoworld teacher ever.. love you man 👍

[@FaithfulStreaming]

Answered every single question I thought of. Even the last one awesome

[@tradingmonger7331]

The man who always breaks down things which previously perplexed me .

[@joelee5875]

Thank you for this explanation...I had no idea.

[@99Bitcoins]

You're welcome!

[@s0bad]

Someone tried to use the $5 wrench attack on me. I asked him to provide a receipt showing that the wrench was indeed $5 and when he turned around to reach his back pocket for it I pulled out my $6 wrench and domed him. Check and mate.

[@ktakechi]

Great Video!!!! Informative and easy to understand. I will look for more of your episodes!!! Sent a Brave tip!!

[@luminous6969]

So if your hardware wallet gets damaged or stops working for whatever reason, you can put your seed phrase into another hardware wallet and it'll restore your crypto into that new wallet?

[@Pouk3D]

Clicked the like half way through. Quality material.

[@JakobCigale]

Pipan oduzemi duest PIPAN WAY pripor 5:13 5:15

[@JakobCigale]

Vzemi ga moten Sodisce VKS RISI

[@EnmanuelQuinones51]

very impressive and informative.

[@radiantbladez]

Excellent explanation! Some videos take 40 minutes to accomplish the same thing with even less detail.

[@sasaboor64]

its a soft wallet with no internet connection which can store seed phrase alone and sign txns on request

[@Edgeofdavid]

So how do you recover your coins with a seed phrase and send them to a new wallet with a new seed phrase? (Risk #3 from the vid).

[@CRCfail]

Finally begins at 0:46 you're welcome

[@thomash5390]

Thanks for the vid. I have several hardware wallets but the only one I am aware of that does "not" store your private keys is the Bitfi.2. Can you confirm. Any device that stores your private keys is completely vulnerable to confiscation and attack. Thanks again for the content.

[@socalbengal3087]

Another winner ☝️ The best breakdowns on youtube. Great job.

[@soundmindtv2911]

If the wallet can be recovered online using the keys, what is the real benefit to having a hardware wallet? Couldn’t you just use the keys anytime you want to make a withdrawal, even without having the hardware wallet itself? Wouldn’t you be open to similar risks (keyloggers) whenever accessing the hardware wallet via a computer?

[@janhansen4745]

What if all companies who use the BIP39 system close their business? Do soft wallets support the BIP 39 seed phrase?

[@scamperooniespanker8736]

You make such awesome instructional content