Is Your Crypto SAFE!? Here's How To Self Custody It NOW!!

[@CoinBureau]

There is nothing that beats holding your own keys. That's why self-custody should be the most important step for anyone entering the crypto space. I hope this video was helpful for you guys! Don't forget that you can follow me on my socials for all the content that you are missing here guy.coinbureau.com/socials/. You may also enjoy our clips channel which has livestreams and shorter form content kzbin.info/door/R93yACeNzxMSk6Y1cHM2pw

[@goodjuju4531]

Any thoughts on MUUN wallet? Is it safe?

[@jessicaalice1065]

Use trust wallet .. more perfect okay

[@jessewhitelo1187]

The "S" sound when you speak is too high, you may need something on the mic to absorb that or edit that kzbin.info/www/bejne/iqmXpaN3qLJqZqM

[@tltarzan678]

Can exodus wallets download in Mac ? I tried it doesn’t work

[@thinkofwhy]

Regarding seed phrase security, or that of any other database of secret info, the best practice is encryption and redundant DISTRIBUTED backups, both locally and cloud, the more the better. After all, only you have the encryption key to see them. My favourite is KeePassXC.

[@danharrigan5131]

Very unselfish and kind tutorial. Thanx. You've alleviated some major concerns.

[@KinoStudentX]

When I learned how staking on platforms worked, I said "Nooooooooooooooope!" Collateralozed loans, "Noooooooooooooope" Not using my funds to collateralize anyone's loan. I ran from Celsius

[@The3Shogun]

My crypto is safely locked away in Voyager. They are so secure that even I can’t get it out. 👍

[@michaeljaycain912]

You can’t get it when you want it?

[@lindenschwarz101]

​@@michaeljaycain912 You missed the joke 😂 Voyager went bankrupt and restricted all fund withdrawals

[@DJ-uk5mm]

😂

[@maxschmidt8929]

Go for a hardware wallet. These things are actually fun. I have a Trezor one, Ledger Nano S and a Coldcard and I love'em all. I had some crypto on Cake Defi for the interest payments and although that platform hasn't been hacked (yet) I took everything off quite a while ago in order to sleep better. And after the FTX collapse I'm really glad I did. It's just too risky.

[@relaxchill9114]

This was a much needed video, very well detailed explanation thank you Guy. Bless you 🙌🏻

[@simonalyc7557]

Nice,but why nobody tells you about how much it costs to transfer crypto from an exchange to a cold store wallet and back? This is a great topic for one of your future video's,or?? Thanks again for your commitment Guy !!!

[@jessicaalice1065]

All Free

[@enterthenameyo]

Wondering the same, and it's what's keeping me from buying a cold wallet

[@somesteak6100]

To send it to Ledger, BTC it's usually $2.50-$4 and ETH is around $1-$3. Always changes but this seems to be standard right now

[@steffenmoss7119]

Ellipal titan was about $4 between accounts for me and if you want to remove them off the cold wallet to binance you need Eth else they are stuck

[@MarylandGuy-ey3st]

@@enterthenameyo when you lose all your crypto in an exchange collapse you’ll wished you paid a small gas fee

[@kiriltzenev5955]

I feel 2023 will be the "Where are my keys" year. I also see next cycle will brings us downfall of centralised crypto exchanges and rising of decentralised exchange platforms. Keep the crypto market free and hold your own keys !

[@andrewna9362]

Won't happen for obvious reason.

[@NicBarella]

WX network! Built on waves and the world's fastest, safest and cheapest order book DEX.

[@WitchMedusa]

Haveno is a truly decentralized decentralized exchange that will be coming out in 2023 which will use Monero as the liquidity protocol. No KYC, low fees, & 100% private trades, that's going to be amazing.

[@audieallen9734]

And then we will see that old commercial but it will be like "It's 10pm, do you know where your keys are?" 😅

[@johnrodgers2171]

I hope so but if they rely on cloud services like aws or Google they can basically be turned off at the govt. request at any time. Trust wallet uses aws for instance.

[@johnleetch1022]

Great as usual,as a newbie, I had bought a trezor and was not very confident at useing it. With the recent carry on I decided to get it off exchanges and went to trezor suite I o , when I tried to connect a message said I needed to send my seed phrase as there was a problem. Well you can guess the rest, I knew you should never give your seed phrase but it was on the trezor I o site . I wish they had a proper app. Fortunately I did not loose that much and it was a very good lesson. Education always seems to be painful or expensive. So watch the sites and never give seed phrases

[@14lou]

"... a message said I needed to send my seed phrase as there was a problem" *A huge red flag!*

[@syman3534]

Thanks for sharing this lesson - glad u did not loose to much

[@CesarChin3]

Because of your valued intel - I finally moved all of my crypto from CEX’s and transferred them to LEDGER! Thank you again sir ❤

[@wallywebber788]

Wish I had done this earlier, my CEX wallet got hacked recently.

[@myscreen2urs]

🎶"I'm too CEXy for this coin..."🙃 🤦‍♂️ Sorry😬

[@emilioshadjikyriacou2567]

did you ever consider running a stake pool on Cardano? It would also help with the lights...

[@emmanuelmonforte9928]

Guy, you can use EVM networks on MetaMask, not just the Ethereum Network (Binance Smart Chain, Polygon, Avalance C-Chain, Harmony, Cronos, etc.)

[@fredrickcallahan4292]

Do you have to manually copy the address from coingecko?

[@joelharrisstudio]

Thank you ! Ordered my Ledger and I should have it delivered in a few days! Looking forward to less sleepless nights and more peace of mind!! Thank you for this info!!! 🎉❤🎉❤🎉❤

[@Zordiak]

As a web developer, I would be veeeery weary about using a browser wallet. Malicious extensions and websites may be able to scape info out of your wallet. Particularly when you're using it. For small amounts it's probably fine, but I wouldn't use it for anything over a few thousand bucks.

[@noel.sk03]

I bought a new ledger nano X from a local reseller and you can buy it just make sure you first run the Ledger check and then reset the wallet once, so it will generate a new seed + you can open the wallet and look if there are any weird things.

[@cassi1185]

I've recently been looking into Ngrave and the Zero wallet and I think I'll upgrade from my Ledger Nano X ASAP. With all the floods here in Australia a piece of paper as a backup just doesn't cut it!

[@skippyt5042]

A friend of mine used Dog tags for his PW😂

[@cassi1185]

$5 wrench attack waiting to happen 🤣

[@thehandleiwantedwasntavailable]

Stamped into stainless steel washers: buried in a secret location. And protected with a ‘25th’ word that’s never written. That’s the seed phrase backup I recommend.

[@c.a.s.3833]

Your crypto videos are the best thing going. Keep up the great work.

[@Roughneck7712]

“How could they have known a company praised by politicians, regulators, and the MSM would have failed?” I believe you just answered your own question

[@viharsarok]

Thug: Send me your crypto. Coin Bureau: But I don't have any. See? There's no crypto wallet on my phone. Thug: You're literally the guy from KZbin.

[@Ryan-xq3kl]

self custody also increases the value of btc as exchange rates are based on supply if you have sell orders open or are on an exchange that uses user funds the exchange will value that into the price

[@TrezorWallet]

Great video! Thanks for spreading the word🔒

[@ivorheadache]

Thabk you for the brilliant content as always Guy. You are helping so many people around the world. Kudos

[@matthewsnively7474]

FYI, my Exodus wallet was hacked in 2020. Exodus prepared a forensic report which determined that the hack came from within Exodus.

[@centurion8446]

Worth mentioning metanask can support Binance smart chain...

[@gregking4512]

Always look forward to your videos. Definitely the best advice for all crypto users. Keep up the great work 👍

[@jasonk446]

I personally know 5 people that have crypto. I am the only one that keeps his money in a hardware wallet. Everyone else keeps theirs on an exchange. Even one of my friends that lost half his money with FTX still has the other half of his money in a different exchange. People just don’t learn

[@njain1983]

Thanks for the video! Wish I had heeded your suggestion of self-custody. To my detriment, I thought FTX was bulletproof.

[@RALMAR9]

Trusting a guy with a name like "Bankman-Fried" is NOT a good idea.

[@michaelbast6151]

Any decent coin project doesn’t need celebrities or influencers to shill their tokens. That goes for exchanges as well. Sorry for your loss. SBF paying off the government along with his super odd demeanor was a huge red flag, but hindsight is 20/20.

[@manvel6723]

I lost 56 Etereum Proof of Work - paid 700$ for it.Currently can get 56 of EPoW for 150$.bed investment on my part.i though after Etereum 2.0 Merge Eth price would go up.Not so.Plus FTX collapsed and i have no access to my 56 Etereum Proof of Work.I just purchased Tresor Model One.Good Luck everyone

[@grosiradu]

@@RALMAR9 and a vegan

[@NUPE418LOD]

Metamask definitely supports BNB Smart Chain - all that is required is to click where ETH main net is and underneath that ADD NETWORK - I hold about 5 BNB Smart chain tokens on Metamask connected to my Hardware Ledger Wallet

[@BSJWright]

Metamask doesn't only support Ethereum and ERC20 tokens. It allows you to store AVAX (C-Chain), FTM (not sure if that's ERC20 though), Polygon and BSC, you just need to set them up. It also supports Pulsechain

[@fredrickcallahan4292]

How do you set that up?

[@douglasmercer2501]

@@fredrickcallahan4292 you just add the network

[@MarylandGuy-ey3st]

I got a MetaMask set up through my ledger. That’s the best way to do it

[@BSJWright]

@@MarylandGuy-ey3st I have that also but not always practical for small amounts, so I keep smaller amounts on a MM but my larger bags on my Ledger (also synced with MM)

[@MarylandGuy-ey3st]

I just wanted to say with the ledger live app you can send crypto to your wallet address (w/o verification if you don’t have your device on you). However to send out you do need your device on you. So I wouldn’t worry too much about that app on the phone

[@gralaw1965]

I love the Trezor T wallet

[@johndunnelinli]

The problem is some cryptos are too expensive to transfer. One eth based coin I hold wanted $8 worth of it to transfer about $300 worth and then I assume it would be another $8 to transfer it back to an exchange

[@ijustwanttoaskaquestion106]

Agreed, $150 of Aave costs $6 to transfer. I have other coins on an exchange that my Trezor and Ledger do not support, NAKA, PBX, SCLP, Theta.

[@thewaterguy17]

The fees on exchanges for coins are already expensive and then with things like ETH you have to quite literally "time" when to withdraw to avoid getting hit with an even more ridiculous gas fee

[@kickzmadeofficial6012]

that why eberbody starts moving away from eth

[@fredrickcallahan4292]

@@ijustwanttoaskaquestion106 I've heard it's possible to connect ledger to metamask thus making MM a cold storage wallet, ive watched YT videos on it, maybe that might be a solution for you for private custody?

[@thehylander266]

I moved A LOT of ETH and only paid a couple bucks. Transfer when Gas prices are low. Thats not much money to transfer my ETH.

[@SuffraGette-qh6oy]

Great vid. Now, how about a video on Dubai? With your teams great research ability , im sure it would make a really interesting video!

[@brianleabo6295]

I keep a small amount of cardano stored on youri wallet for staking. But al my other crypto is on my ledger x and in a fire proof safe in a emp safe bag . And i have two sets of metal key words and not in the same place one with my ledger and the pther just as safe .

[@nicolehines4418]

Thank you for all this information!! I plan to get one of these.

[@ahujax]

Maybe I missed it, but I really like the passphrase feature some of the hardware wallets have for added security.

[@14lou]

Good point. It is said to be only for advanced users, but it is easy enough and adds security once you come to grips with maintaining a secure backup. It's a form of defence against the $5 wrench attack. I would definitely use it if I had enough to worry about.

[@ahujax]

@@14lou Exactly. I even have multiple pass phrases, unfortunately only one can be used with a PIN. I don't hold much either, but thought it would be a good practice to start with right away.

[@xennialnick]

A VERY important point with hardware wallets (Ledger/Trezor) is to ONLY buy from Ledger (France) or Trezor directly. Don’t buy off eBay. It’s too easy for your seed to be compromised. It costs a bit more and takes a bit longer BUT IT’s WORTH IT. Resellers have been known to buy the wallets, compromise it, and re-wrap with plastic wrap.

[@14lou]

Leastwise, with Ledger, it's a simple matter to reset it and start fresh. So as long as the hardware itself hasn't been compromised, it's no problem.

[@V3racious3]

13:09 and don't forget to pick up your over-priced Crypto Tees and hoodies in our merch store...

[@Wheelo40]

See how people keep watching your older content! 😮😀 I like the idea of a hardware wallet. Do I have a worry that if the device itself suffered an electronic failure that I would not be able to retrieve my crypto?

[@royed31]

a cold wallet has other potential risks, including theft of the device, damage of the device loss of the wallet and even loss of the password. So even cold wallets are not foolproof. Estimated that already over 2 million Bitcoin have been lost due to lost passwords

[@steveN-hn4fo]

I had a metamask wallet and all my funds were stolen at 4.00am , pc and phone was off and no one had access to any of my passwords, haven't a clue how they done it,

[@joshuavanwormer4955]

Thank you for this!

[@idrismac]

Its< natural to see so many investors panic amid a worsening bearish market but it is also important to note that the market situation is nothing new in the crypto world.

[@hannahmontana928]

I can't forget the rows you play in my life, if not for you I would have been jail, thanks for restoring me dept ma 🙏

[@mrchrist7088]

@-ibby136 I appreciate your generosity in sharing your knowledge!! YOU make it easier for me to understand the subject, now I'm more optimistic than ever...

[@Gabriel-sv2eg]

How can I meet Mrs Hellen, I have heard so much about

[@hannahmontana928]

She's always available on wttsap

[@luiscollins5099]

[@Ghostrider-sz6mp]

I think Xdefi should also in the browser wallet. The one and only with many native chains integration like BTC.

[@michaelscott181]

Thank you! you are the best!

[@facuoca]

You should investigate Blockwallet

[@dronesiviews]

How about a review on the Tangem Wallet? It's pretty new. Great information. I'm enjoying your channel. Clear explainations. Thanks.

[@jaycanode]

Metamask supports Fantom, Avax, Aribitrum, Cronos, BNB to name a few. Not just ERC-20 as you stated.

[@mattcorley4622]

I'm a legit crypto rookie, I've researched using your video how to's, and even I realized crypto exchanges were only a place to hold crypto while buy and selling. I set up a cold wallet before I ever set up an exchange account. Why would you get into crypto to just keep your coin in an unregulated uninsured bank account?

[@JohnSmith-zn3js]

Why does no one ever mention the Safepal S1? A $50 wallet that is completely air gapped, uses QR for signing, mobile app. Has Dapps, swap, and farming all integrated. Import all your other wallets to reveiw balances. Why is it shunned?

[@mikatu]

Correct! That seems to be the best option and the cheapest, but apparently if they don't get a promotional code they don't mention it.

[@ReformedGoldBug]

Been to the hardware store recently? There are no $5 wrenches, with the heft to carry out the attack, to be had😁

[@Marinescu87Dan]

Great video, as always!

[@matthewpepler9673]

Thank you brother 🙏 I've been following you for quite a while and appreciate your grasp of what's happening in our world at present! I'm wondering if there is a step by step video on moving crypto from coin spot to an Ellipal Titan with Ellipal Mnemonic metal? Or if you could point me in the direction of where I could find this please!? Thank you in advance and keep up the great work, regards!

[@markmensah7133]

Get a software wallet like coinbase wallet or a cold wallet like ledger simple

[@deemorenz]

Trezor is good but they should support bsc more easily. At the moment it seems only way to do so is via metamask.

[@JW-ph8kw]

Metamask supports a lot of chains such as BSC, cro

[@Appleloucious]

One Love! Always forward, never ever backward!! ☀☀☀ 💚💛❤ 🙏🏿🙏🙏🏼

[@kennycarneal6765]

With the mainstream media pushing FTX, that should have been a red flag right there. That's one reason why I never bothered with the exchange, the other reason was I didn't trust the dude. He looks shady as hell.

[@srenlindbo4523]

Its a hard balancing act when you only have a couple of thousand dollars worth of Crypto - the risk and 22% APR on the first 20 DOT vs. the safety and 0% APR on DOT is not easy.

[@kaizze8777]

Putting money in an exchange is like asking someone to hold your bag of cash for you and trusting them to not run off with it

[@MrHugoadame]

the one thing nobody ever explains is how can we buy crypto without it hitting an exchange at all. Because sometimes they after buying any crypto, an exchange will make you wait 3-5 days before it lets you transfer it to your hot/cold wallet. Anyone help? :)

[@SandeepKumar-go5it]

Hi, could you please advise about pre sale coins .... orbeon protocol?????

[@offgridgecko]

I ditched exodus because I had trouble with unstaking... put the same key in my phantom wallet and it fixed everything for me. That said, I never really cared for the way the interface works on it, and I don't use it any more. Also, it's sometimes prudent to have multiple accounts. I have several different "wallets" on my browser MM, one for minting Degen NFTs, one for doing trades and such, one for business income, a "cold" wallet for my favorite NFTs, etc. Certain wallets are never connected to any website.

[@BanterBitcoinBeers]

I don't have the private keys to my retail bank vault either and I am sure they are loaning out my funds to other people.

[@mikeholmbergnielsen8206]

Bitcoin price 30/12 2022 well be 12400 USD or 12559 USD.

[@phusion1337]

That NGRAVE wallet looks amazing! I had not previously heard of it and will likely be getting one -- hoping they add BSC and Polygon network sooooooon though.

[@Il-Cappuccino]

If you have good amount of crypto, its really the safest and coldest wallet. I even know the CEO. He is incredibly smart guy

[@SlackersIndustry]

removed from all exchanges into truted wallet i installed on old phone that i dont carry with me. contagion isnt over yet theres more just wait

[@AbubakrElmalik]

Thanks

[@johnnyblu4011]

Cryptocurrency feels more safe. When the Coin Bureau is on the case. 😎

[@ANWCarpetCleaning]

I am able to use bnb network and polygon network on metamask as well as ethereum. You have to add the networks as custom networks though.

[@fredrickcallahan4292]

Do you just copy the address off of Coingecko?

[@ANWCarpetCleaning]

@@fredrickcallahan4292 if you Google how to add polygon to metamask a coin desk article shows up giving better details then I could. But as long as you have the right network address and details, the same method should work for bnb. Not sure about all the networks but I know those two work with metamask.

[@JaguarWisdom-9]

The latest MM update has them already loaded.

[@React2022-u7l]

I have mine is Kraken is that ok?

[@isiyami]

Just got a ledger x arrives on Wednesday can’t wait to own my keys

[@danwickramasinghe4744]

Thank you !

[@DrCryptoAlex]

SafePal is a new awesome HW , better than Ledger or Trezor

[@JDUK71]

Great work, thanks Guy!

[@maskedkoko4880]

Coin bureau. Is one of the best things to happen to crypto since it’s invention with BTC please take this again as a great complement and hope it’s good motivation to continue with the work. Personally have bought beanie from the merch store. Thinking about buying a steel word protector. Your work is greatly appreciated so. Thank you guy.

[@chrisseller2276]

i dunno, but it is still to complicated for mass adaption. I see Burglars now not looking for money, but for the seed words 😎

[@dominandoful]

amazing video

[@mareemeadows]

Life has been so tough and rough since the outbreak of covid-19 but there are still ways to live a fulfilled and planned life. Investment is one of the best way to live a fulfilled life because you invest in your future.

[@cleaningasolutions4u]

Great info much needed

[@imrannawaz5119]

great info

[@Shadowbann3d]

Is there any guidance available to get crypto off of Coinbase onto a Ledger wallet?….Wondering how straightforward it actually is and avoiding it going tits-up and not actually making it onto the cold storage?

[@ANWCarpetCleaning]

I'd like to mention, if you need matemask to connect to IMX but have your assetts on trustwallet, you can load your trust wallet onto metamask so you don't have to try and send the nfts over to metamask you can also load wallets from other platforms like Gala games onto your metamask.

[@SoftwareWrangler]

Strange. Promo price from Conbureau link is not working for Trezor. Checked 30min after video published

[@kungfucowboy1]

Since OpenSea requires confirmation from my MetaMask, and my MetaMask is controlled by me, possessing the private keys, am I really in sole possession of them except when I put them up for sale?

[@tonytony6912]

I use elipal... I think its the best

[@xtrctn]

16:02 IS KEY, the manufacturer software could EASILY get compromised. PAPER WALLETS ARE THE *ONLY* WAY TO GO!

[@russianbitcoinnews820]

Simply put, SafePal S1 is a FAR SUPERIOR wallet when it comes to safety and user-friendliness.

[@ASI_Crypto]

Very informative as usual. Thank you for breaking down all our options. Would appreciate some analysis and projection for the market rebound.

[@JaguarWisdom-9]

Dec22

[@phenyl]

MetaMask is not just Ethereum-compatible. It is compatible with most EVM-compatible chains, like Polygon, BSC, Cronos, etc.

[@mrbill8763]

All my crypto is tied up in a lawsuit. Thank you SEC.

[@thehandleiwantedwasntavailable]

Haha. You can’t blame the SEC for not self-custody of your tokens.

[@kamanyiro5903]

That 5 dollar wrench analogy had me laughing so hard I had to rewind some of the video.

[@martinwoldring5073]

Richard Heart is been saying this for years... and they call him... a scammer 🤣

[@denisconnaughton2923]

£233.87 is the Trezor price not £173 ( $213 ) as you've stated? Has Trezor jacked prices again? Great video again Thanks.

[@cougarlove8542]

Nothing I can do with staked ETH. Hope and pray I guess.

[@BitcoinerPhilippines]

8:10 oh, so that’s why i never hear safepal wallet on coin Bureau. They now have the safepal cypher steel.

[@BitcoinerPhilippines]

Just guessing. Really quite curious why the most promising both software and hardware wallet, open source incoming, but Safepal is treated like dog poop by Coin Bureau.

[@2-meter]

MetaMask supports other networks as well..? I use it with Avalanche, Binance Smart Chain and Polygon

[@m.f.b846]

As usual, really awesome, my respect 🙌

[@fred1960]

Even if you avoid exchanges, every transaction costs money. So far for exchanging money without someone inbetween; still gonna cost you. No thing like real cash.

[@TheVeganTravelShow]

Crypto has a steep learning curve. For new investors it’s like diving in the pool not even knowing how to swim. That’s why so many people get rekt.