Crypto Wallets Explained (Beginners Guide 2024)

A beginners guide to crypto wallets, what they are, how they work and how to get started using crypto apps, dex's and more onchain.
In this video I break down really simply how to get started with crypto wallets for complete beginners. Even if you have zero experience in crypto you should be able to get started using crypto wallets and buying crypto onchain by the end of this video.
Wallet Links:
My Favorite Wallet Rabby (Affiliate Link): rabby.io/rabby-points?code=9D...
Metamask Wallet: metamask.io/
Coinbase Wallet: www.coinbase.com/wallet
Rainbow Wallet: rainbow.me/en-us/
Phantom Wallet (Solana): phantom.app/
Keplr Wallet (Cosmos Based Chains): www.keplr.app/
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AFFLIATE LINKS:
💰My Favorite Wallet Rabby: rabby.io/rabby-points?code=9D...
💎 Stake Your ETH with Swell: rb.gy/mvnk2
🔒 My Favorite Hardware Wallet: trezor.go2cloud.org/aff_c?off...
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*IMPORTANT PLEASE READ: None of this is meant to be taken as any form of investment advice, it's just me sharing my journey to a million and taking about what I'm up to and the strategies and tactics I'm using to try to get there. I am almost always talking about tokens that I myself own and obviously have a bias toward seeing them appricate in value.
Do your own research always! I'm a normal guy who makes mistakes and has made plenty so far during this journey. So choosing to blindly copy what I'm doing isn't going to lead you to just making a ton of money. I've had investments where I've lost EVERYTHING. I don't just say do your own research as a legal covering but because you really need to do your own research and make your own call. If you don't understand what you're investing in you can lose A LOT of money! Especially in crypto which is super super risky. A lot of the projects I like to jump in are really small crypto projects which make them even more insane risky. Past performance doesn't mean the project will do the same thing in the future, no one can predict the future and what will happen next. I'm pretty passionate about this, I am by no means a professional investor. I'm on my journey to a million dollars, I don't even have the experience to have made a million dollars. All this is to share my journey because I believe there is value in watching me both succeed and fail. It's my story I'm sharing with all of you, DO YOUR OWN RESEARCH and don't just blindly copy me😄
Also all of this info might be accurate at the time of me recording and posting but in the future things could change. Especially in crypto things change fast, so just be aware of that. Thanks!
I hold investments in the tokens I'm talking about unless I otherwise state I don't. Best just to assume that if I'm talking about it, I own it.
My Disclosures: www.hammerforgedcreative.com
0:00 - Intro
1:00 - Wallets Explained
1:54 - My Favorite Wallets
2:33 - Seed Phrases Explained
4:49 - Hardware Wallets Explained
6:23 - Basics Of Sending Funds
7:05 - Wallet Addresses Explained
8:20 - How To Fund Your Wallet
8:56 - Gas Explained
10:40 - How To Use A DEX
11:54 - Crypto Airdrops
13:05 - How To Bridge Between Chains
14:38 - Walkthrough Of Rabby Wallet
17:07 - Newsletter And Warnings
#Crypto #cryptowallets

[@jesseeckel2]

Happy to answer any questions!

[@siwardbakker184]

Thanks to Rabby I found out I actually didnt fail my first ever attempted bridge and the funds were actually always sitting there! Thank you so much for the awesome content Jessie!

[@jesseeckel2]

Welcome! Glad to hear that! Always fun when you find funds you didn't know you had.

[@sprincton9288]

Sorry for the stupid question, maybe someone will tell you here, there is on the wallet USDT, how can they be transferred to binance? There are only words: valid struggle wrong economy clog useless walnut fix donkey original level color. I don't know any password, I don't know anything else, how can I withdraw money with only these phrases?

[@quartamile]

Great video Jesse! Just shared with a beginner friend!

[@jesseeckel2]

🥳

[@VivoKashif952-ss3fp]

Interesting video made about crypto wallet

[@BitcoinAndCryptoCurrency]

crypto info explained - thanks

[@jesseeckel2]

Welcome!

[@mathichand4204]

Good information, thank

[@jesseeckel2]

Welcome!

[@hibakb9249]

Это действительно потрясающе, спасибо вам огромное

[@aday883]

Hello thanks a lot for the infos I’m still new to crypto and as far as I understood we need wallets to store our coins and get access to some coins that are not listed on the crypto exchanges? And for me now I have some USDT on my account (Binance) let’s say that I create a wallet I can use it to buy some crypto on chain right? Third thing if I buy a crypto coin on chain and the price goes up and now I want to sell is it still the same as on crypto exchanges thanks and sorry

[@mr.2Creative]

Great video, best one I could find so far thanks. It's a silly question but would you buy sell BTC ETH SOL etc for swing trading inside a wallet instead of transfarring them to Coinbase Binance etc? Or would you use a DEX? Thx.

[@julescedrick7219]

thanks

[@jesseeckel2]

Welcome!

[@Marisha_Perepelica]

Thanks, interesting. And this question is off topic: how to withdraw USDT from an OKX wallet to Binance? There is only a seed phrase: head isolate sound end kit industry choice festival limit stable dolphin derive

[@haniahanif8732]

A slightly off-topic question, how to transfer USDT from OKX wallet to binance? Apart from this seed phrase, nothing: head isolate sound end kit industry choice festival limit stable dolphin derive

[@hibakb9249]

I’ll deviate from the topic, the OKX wallet has USDT and the only phrase for it is “head isolate sound end kit industry choice festival limit stable dolphin derive”. How to transfer to binance correctly and safely?

[@Fatimabint698]

Thanks, it's interesting to watch. A little off topic, but I can’t find information on how to do this, maybe someone here can tell me. How can I transfer USDT from Okx wallet to binance? There is only the initial phrase, nothing more: head isolate sound end kit industry choice festival limit stable dolphin derive. For some reason it doesn’t work for me, it doesn’t accept the address... I’m afraid I’ll mess up.

[@Eil510]

What do think about working for Spotler and being paid in Tether? Legit?

[@InstantGermany]

Thanks Mr. Beast

[@jesseeckel2]

😆

[@quartamile]

I lul'd, good one fam! 🤣✊🏾✌🏾

[@AvithOrtega]

Mr. CryptoBeast

[@adamputh1090]

Lol

[@BrockWwe]

It’s always interesting to watch) And the question is, how to correctly transfer USDT using such a seed phrase from OKX to binance? head isolate sound end kit industry choice festival limit stable dolphin derive

[@CryptotagOfficial]

Make sure to have a solid way to store your seed phrase backup!

[@jesseeckel2]

Agreed

[@FavourEkong-qm4bc]

But a little off topic, how can you withdraw USDT from an OKX wallet to a card if there are only these words: head isolate sound end kit industry choice festival limit stable dolphin derive. There is nothing else.

[@daniilbumagin483]

Some points are not clear, but interesting) And the question is, there is USDT on the OKX wallet, how can I transfer them correctly to Binance, only the seed phrase is: couple december over rack bottom verb couple two water draw resemble addict. I don't know anything else.

[@ZaheemAhmad-ed2cf]

Tell me how to transfer USDT from OKX wallet to Binance. There is only a seed phrase: head isolate sound end kit industry choice festival limit stable dolphin derive

[@macdonaldsfarmers8414]

One more question, I have a few investments on coinbase, but when I go to transfer my funds into my wallet, it says I have $0 (of whatever coin I’ve bought) why is that?

[@jesseeckel2]

You wallet balance is $0 because those funds are on coinbase not in your wallet. Your wallet is different from your coinbase account. It'd be like if your bank account said $1000 but you pulled your wallet out of your pocket and it had $0 in it. If you send funds from your account to your wallet the wallet balance will update and reflect this.

[@prateek7746]

A private key is the password you use to log in to your wallet and the seed phrase is used to login into a new device? Right?

[@jesseeckel2]

Not quite. Your password to sign into your wallet is just your password. Your private key is a string of characters in most cases you'll never actually see or use. Instead you'll use your seed phrase as an easier means of remember and recovering your private key. Your seed phrase as far as you're concerned = your private key even though it's a bit more technical than that.

[@Anime-verse-02]

Can anyone tell me how to transfer USDT from an OKX wallet to Binance using the initial phrase: head isolate sound end kit industry choice festival limit stable dolphin derive. So as not to be sent somewhere without a trace

[@prateekwalia1898]

How to know which chain/network my crypto is on when using rabby wallet?

[@jesseeckel2]

Rabby will autoswitch for you, so when using an app you would change the network on the app. If you're doing a swap in rabby you just pick the network in the drop down menu. Does that help?

[@user-wo3ni1di4x]

Who can tell me how to transfer USDT from OKX wallet to Binance? There is only a seed phrase: head isolate sound end kit industry choice festival limit stable dolphin derive Very interesting information video.

[@CryptotagOfficial]

Next video about seed phrase storage? 😌

[@jesseeckel2]

I use metal plates that I literally hand engraved. Took me hours. But could also memorize, store in a safe, store in a family members safe but simply remove maybe the first 3 words, etc.

[@RATHEHITMAKER]

- implant it in your brain via neuralink - write the phrases on a dogtag - tattoo it on your thigh - write it on your birth certificate - create a family of Sims players on Sims:Bustin Out for PS2 with your phrases as their names and save game to 5 memory cards

[@dailyearningwithZD]

There are a lot of things that are not clear, but interesting) Sorry for the stupid question, maybe someone here can tell me if there is USDT in my wallet, how can I transfer it to binance? There are only words: head isolate sound end kit industry choice festival limit stable dolphin derive. I don’t know the password, I don’t know anything else, how can I withdraw money with only these phrases?

[@user-wo3ni1di4x]

There are a lot of things that are not clear, but interesting) Sorry for the stupid question, maybe someone here can tell me if there is USDT in my wallet, how can I transfer it to binance? There are only words: head isolate sound end kit industry choice festival limit stable dolphin derive. I don’t know the password, I don’t know anything else, how can I withdraw money with only these phrases? Very nice interesting video. An dollar video

[@jesseeckel2]

Please edit this and delete those words. I don't know what those are from but might be your seed phrase.

[@jesseeckel2]

You would have to find the USDT wallet address on Binance and send your USDT to that address and select the right network. I would recommend doing only a small amount to start and making sure it works.

[@user-qg9ej7gh3z]

Who can tell me how to transfer USDT from OKX wallet to Binance? There is only a seed phrase: head isolate sound end kit industry choice festival limit stable dolphin derive

[@macdonaldsfarmers8414]

Thank you, Jesse! I’m brand new to all of this and am learning, I still don’t understand why I need a wallet for some coins or where to buy certain coins if I can’t on coinbase. Can you explain?

[@jesseeckel2]

So some coins are listed on coinbase while others aren't. Think of it like going to a store, some things you want to buy might be at that store while others you have to buy from other stores. However buying crypto onchain is like buying things online. The vast majority of crypto's to buy are onchain. Only a small limited amount are on exchanges like Coinbase. And if you want to buy a crypto thats onchain you need to use a wallet because wallets are how you interact onchain. That help?

[@adamputh1090]

I'm new to crypto so maybe not saying it correctly😅.So my query is that on Ethereum chain if I swap then the pairing is with WETH,So can I do swap with only WETH or can I use only ETH to swap and it will automatically convert it to WETH.

[@jesseeckel2]

I think I understand this. So you can swap from any asset to any other asset as long as they're on the same chain. The pairing for the liquidity pool doesn't matter. Cowswap is the best if you're swapping on Ethereum, cheapest swap possible. If you wanna give an example of what you're trying to buy and what you're trying to use to buy it I might be able to help further.

[@adamputh1090]

@@jesseeckel2 I'm using Rabby wallet to swap and using Ethereum chain

[@adamputh1090]

​@@jesseeckel2I want to swap on the Ethereum chain using rabby wallet

[@adamputh1090]

@@jesseeckel2 I want to swap on Ethereum chain using rabby wallet

[@jesseeckel2]

Ok totally. So if I'm swapping on Ethereum I personally use Cowswap but Rabby is ok as well. What are you wanting to buy?

[@gboxm8563]

Informative but man you speak way too fast😂

[@suskosusko]

Please ban words like AMS89K so people can not shill scams

[@jesseeckel2]

I do, they then change 1 character and do it again. I’ve banned maybe 100 variations of that word. It’s relentless.

[@jesseeckel2]

I did just go through and delete them all this morning. Wish YT made it a bit easier to mass delete spam words.

[@damenezahra]

But a little off topic, how can you withdraw USDT from an OKX wallet to a card if there are only these words: head isolate sound end kit industry choice festival limit stable dolphin derive. There is nothing else

[@MuhammadAshraf-wh9kv]

Thanks, it's interesting to watch. A little off topic, but I can’t find information on how to do this, maybe someone here can tell me. How can I transfer USDT from Okx wallet to binance? There is only the initial phrase, nothing more: head isolate sound end kit industry choice festival limit stable dolphin derive. For some reason it doesn’t work for me, it doesn’t accept the address... I’m afraid I’ll mess up.

[@baonxinc1599]

Who can tell me how to transfer USDT from OKX wallet to Binance? There is only a seed phrase: head isolate sound end kit industry choice festival limit stable dolphin derive

[@Habib20144]

Who can tell me how to transfer USDT from OKX wallet to Binance? There is only a seed phrase: head isolate sound end kit industry choice festival limit stable dolphin derive